Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 10705.71 Crore) operating in Gas & Petroleum sector.
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Promoters held 37.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 30.9 per cent and public and others 15.9 per cent.
Motilal Oswal has given a buy rating to Gujarat State Petronet with a target price of Rs 300. The share price moved up by 1.94 per cent from its previous close of Rs 186. The stock’s last traded price is Rs 189.60.
Gujarat State Petronet Ltd., incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 10705.71 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2980.43 Crore, up 97.98 % from last quarter Sales of Rs 1505.42 Crore and down -2.06 % from last year same quarter Sales of Rs 3043.23 Crore Company reported net profit after tax of Rs 704.42 Crore in latest quarter.
Investment Rationale The stock trades at 10.5x FY22E EPS of INR17.8 and 6x FY22E EV/EBITDA. Promoter/FII Holdings Promoters held 37.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.6 per cent, DIIs 30.9 per cent and public and others 15.9 per cent.
