GIPCL share price, P/E, ROE & financials

On 6 Nov 2026, Gujarat Industries Power Company was priced at ₹164.37, or 5.1× trailing earnings, against an industry P/E of 10.8×, and the shares are 22% below their 52-week high. Sales and net profit grew 3.2% and 29% a year over 3 years; its ROCE of 4.4% is the second-lowest among the 7 largest Utilities (Regulated Electric) peers. Debt is 1.05× equity, and its dividend yield is 2.5%. It is a small-cap company with a market cap of ₹2,551 Cr, ranked 5th of 11 Utilities (Regulated Electric) companies by market cap; the shares fell 2.2% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹168.00
Day high: ₹171.48
Day low: ₹161.00
Prev. close: ₹174.59
Volume: 8.5 L

Health check

3 good · 2 fair · 1 to check

ReturnsAhead
−2.2% over a year, better than 7 of 7 peers.
Price tagCheaper
P/E 5.1 vs industry 10.8.
GrowthSteady
Sales +3.2%, profit +28.7% a year over 3 years.
ProfitabilityWeak
ROCE 4.4% vs peer median 10.0%.
Balance sheetFair
Debt 1.05× equity, interest covered 3.2×, Piotroski 6 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Electric

10 listed peers. Screen the industry

Small cap

₹2,551 Cr, #5 of 11 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹1,829 Cr · profit ₹521 Cr

Market cap: ₹2,551 Cr; Small cap
P/E: 5.1; Industry 10.8
Price to book: 0.64; Peers 1.47
Dividend yield: 2.49%
ROE: 13.9%; Peers 14.5%
ROCE: 4.4%; Peers 10.0%
Debt to equity: 1.05; Debt ₹4,156 Cr
EPS (TTM): ₹32.39; Face value ₹10
OPM (TTM): 41.2%; Net margin 28.5%
Sales growth: +34.4%; Latest quarter vs a year ago
Profit growth: +174.8%; Latest quarter vs a year ago
Price to sales: 1.40; EV/EBITDA 7.8

Strengths

Dividend yield of 2.49%.
Quarterly profit up 174.8% on a year ago.
Quarterly sales up 34.4% on a year ago.
Net margin of 28.5%.
P/E of 5.1 against an industry P/E of 10.8.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Gujarat Industries Power Company

Gujarat Industries Power Company Limited engages in the generation, transmission, and distribution of electricity to power purchasing companies in India. The company generates power through gas, lignite, wind, and solar power plants with combined installed capacity of 1859.40 MW, as well as engages in the development of hybrid renewable energy parks. The company was incorporated in 1985 and is based in Vadodara, India.

Headquarters: Vadodara
Employees: 600
Sector: Utilities
ISIN: INE162A01010
Website: gipcl.com

Price range

52 weeks

₹119.90₹211.71

Today

₹161.00₹171.48

Avg volume (3M): 7.1 L
1-year return: minus 2.2%
From 52-week high: minus 22.4%

Peers · Utilities - Regulated Electric

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
NTPCNTPC	323.45	plus 2.13%	3,13,639	10.6	9.6	8.9%	30.8%	1.26	1.9%	minus 4.2%
POWERGRIDPower Grid Corporation of India	259.90	minus 0.48%	2,41,723	14.9	10.1	11.2%	82.3%	1.46	0.6%	minus 6.4%
NLCINDIANLC India	237.61	minus 1.60%	32,948	8.3	10.1	9.3%	31.4%	1.04	2.7%	minus 7.9%
CESCCESC	126.25	minus 3.07%	16,735	10.8	8.4	10.0%	23.0%	1.71	9.2%	minus 28.5%
GIPCLGujarat Industries Power Company	164.37	minus 5.85%	2,551	5.1	10.7	4.4%	41.2%	0.94	3.2%	minus 2.2%
BAJELBajel Projects	163.49	minus 2.83%	1,892	86.0	20.5	11.7%	3.7%	0.49	67.5%	minus 9.2%
DPSCLTDDPSC	6.45	minus 0.46%	628	80.6	136.0	2.8%	0.5%	0.14	3.7%	minus 44.8%
GVELECTRICG V Electricals	104.00	minus 1.81%	117	11.2	7.0	39.4%	10.6%	0.49	14.5%	minus 37.3%
Median of 7 peers	–	−1.60%	16,735	11.2	10.1	10.0%	23.0%	1.04	3.7%	−9.2%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
372	321	370	428	499
259	214	248	233	258
113	108	122	195	242
30.3%	33.5%	33.1%	45.5%	48.4%
19.3	20.9	12.6	42.3	112
6.9	18.2	36.1	49.5	51.1
45.7	64.2	77.6	90	91.4
79.3	46.3	21.2	97.9	211
27.6%	54.0%	115.1%	−234.0%	25.2%
57.5	21.3	−3.2	327	158
3.70	1.37	-0.21	21.06	10.17

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +3.2%
Profit CAGR 3Y: +28.7%
EPS CAGR 3Y: +27.6%
ROE: 13.9%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
1,349	1,341	1,248	1,483
–	minus 0.6%	minus 6.9%	+18.8%
941	956	838	934
408	385	410	549
30.2%	28.7%	32.8%	37.0%
29.6	57.8	59.6	67
36.9	37	31.7	110
165	168	170	277
17.9	14.9	5.5	17.1
253	253	273	245
25.5%	21.4%	22.5%	−64.5%
189	199	211	402
–	+5.2%	+6.5%	+90.3%
12.48	13.12	13.97	25.93

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
151	151	155	155
3,003	3,154	3,369	3,685
493	614	2,028	3,594
839	1,298	2,015	1,992
4,487	5,218	7,567	9,426
3,049	3,603	6,155	8,109
101	624	3,326	2,092
106	124	106	96.5
454	609	469	261
777	259	−2,488	−1,132
4,487	5,218	7,567	9,426

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
410	562	610	649
−128	−217	−2,149	−2,238
−110	−190	1,399	1,381
172	155	−140	−208
−127	−463	−2,190	−2,319
283	98.2	−1,580	−1,670
−37.8	−56.7	−59.7	−63.5

Shareholding pattern

Source: NSE filings

56.6%

promoters

Promoters56.57%
Public43.43%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	56.57%	43.43%	0.00
30 Jun 2026	56.57%	43.43%	0.00
31 Mar 2026	56.57%	43.43%	0.00
31 Dec 2025	56.57%	43.43%	0.00
30 Sep 2025	56.57%	43.43%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you