On 6 Nov 2026, Gujarat Pipavav Port was priced at ₹166.49, or 14.6× trailing earnings, against an industry P/E of 23.5×, and the shares are 17% below their 52-week high. Sales and net profit grew 6.6% and 18% a year over 3 years, with ROCE of 27% and ROE of 22%. It carries very little debt, and its dividend yield is 6.1%. It is a small-cap company with a market cap of ₹8,052 Cr, ranked 7th of 15 Marine Shipping companies by market cap; the shares fell 0.9% over the past year.
- ₹161.30
- ₹168.90
- ₹160.50
- ₹161.28
- 25 L
Health check
- ReturnsBehind
−0.9% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 14.6 vs industry 23.5.
- GrowthSteady
Sales +6.6%, profit +18.0% a year over 3 years.
- ProfitabilityStrong
ROCE 26.7% vs peer median 13.8%.
- Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Defensive
Key metrics
- Market cap
- ₹8,052 Cr
- Small cap
- P/E
- 14.6
- Industry 23.5
- Price to book
- 3.37
- Peers 4.42
- Dividend yield
- 6.06%
- ROE
- 21.8%
- Peers 18.8%
- ROCE
- 26.7%
- Peers 13.8%
- Debt to equity
- 0.02
- Debt ₹37 Cr
- EPS (TTM)
- ₹11.40
- Face value ₹10
- OPM (TTM)
- 53.4%
- Net margin 45.1%
- Sales growth
- +13.4%
- Latest quarter vs a year ago
- Profit growth
- +41.7%
- Latest quarter vs a year ago
- Price to sales
- 6.49
- EV/EBITDA 9.4
Strengths and risks
Strengths
- Return on equity of 21.8%.
- Return on capital employed of 26.7%.
- Practically debt-free.
- Dividend yield of 6.06%.
- Quarterly profit up 41.7% on a year ago.
About Gujarat Pipavav Port
Gujarat Pipavav Port Limited engages in the construction, operation, and maintenance of port at Pipavav in Gujarat, India. The company provides port services, including marine, berth hire, wharfage, yard operation, stevedorage, and other services. Its port handles bulk and break-bulk cargo comprising coal, cement, clinker, fertilizers, steel, iron ore, agri-products, salt, and soda ash; dry bulk cargo; and liquid cargo, including LPG, POL, chemicals,…
- Headquarters
- Mumbai
- Employees
- 444
- Sector
- Industrials
- ISIN
- INE517F01014
- Website
- apmterminals.com
Price range
- Avg volume (3M)
- 17.8 L
- 1-year return
- minus 0.9%
- From 52-week high
- minus 16.8%
Analyst consensus
Peers · Marine Shipping
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ADANIPORTSAdani Ports and Special Economic Zone | 1,936.60 | plus 2.76% | 4,46,185 | 32.3 | 4.36 | 11.0% | 15.6% | 44.0% | 22.9% | 34.1% | 0.39% | plus 30.5% |
| JSWINFRAJSW Infrastructure | 338.30 | minus 2.31% | 78,692 | 50.3 | 4.42 | 12.0% | 9.9% | 36.2% | 19.0% | 27.2% | 0.27% | plus 19.5% |
| GESHIPGreat Eastern Shipping Co. | 1,428.70 | minus 2.14% | 19,236 | 4.6 | 1.20 | 17.4% | 18.8% | 42.5% | −1.6% | 4.5% | 4.03% | plus 38.6% |
| SHREEJISPGShreeji Shipping Global | 884.55 | plus 2.40% | 14,411 | 88.7 | 18.71 | – | 21.1% | 24.4% | −5.4% | 8.7% | 0.23% | plus 219.9% |
| SCIShipping Corporation of India | 261.07 | minus 0.90% | 12,161 | 6.1 | 1.34 | 14.1% | 15.5% | 23.5% | −0.1% | 15.8% | 2.80% | plus 5.3% |
| KMEWKnowledge Marine & Engineering Works | 652.80 | minus 79.23% | 8,279 | 60.7 | 14.00 | 13.4% | 20.0% | 39.9% | 7.6% | 18.8% | 0.00% | plus 125.5% |
| GPPLGujarat Pipavav Port | 166.49 | plus 3.23% | 8,052 | 14.6 | 3.37 | 26.7% | 21.8% | 52.0% | 6.6% | 18.0% | 6.06% | minus 0.9% |
| CORDELIAWaterways Leisure Tourism | 88.29 | minus 2.03% | 6,392 | 56.6 | 8.35 | 59.8% | 92.1% | 21.1% | 6.3% | −1.9% | 0.00% | plus 32.2% |
| Median of 7 peers | – | −2.03% | 14,411 | 50.3 | 4.42 | 13.8% | 18.8% | 36.2% | 6.3% | 15.8% | 0.27% | 32.2% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 299 | 292 | 317 | 332 | 339 | |
| – | 153 | 164 | 124 | 149 | 158 | |
| 141 | 146 | 128 | 193 | 183 | 181 | |
| – | 48.8% | 43.8% | 60.8% | 55.0% | 53.3% | |
| 0 | – | 23 | 18.7 | 16.6 | 24.2 | |
| 1.9 | – | 2.4 | 1.1 | 0.7 | 1 | |
| – | – | −4.8 | −18.8 | – | – | |
| 139 | – | 144 | 192 | 199 | 204 | |
| 25.1% | – | 24.9% | 25.8% | 25.5% | 25.1% | |
| 104 | – | 108 | 142 | 148 | 153 | |
| 2.16 | – | 2.23 | 2.95 | 3.06 | 3.16 |
Profit & loss
- Sales CAGR 3Y
- +6.6%
- Profit CAGR 3Y
- +18.0%
- EPS CAGR 3Y
- +18.0%
- ROE
- 21.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 846 | 921 | 914 | 1,026 | |
| – | +8.8% | minus 0.7% | +12.2% | |
| 334 | 338 | 330 | 305 | |
| 512 | 583 | 585 | 721 | |
| 60.5% | 63.3% | 63.9% | 70.3% | |
| 63.5 | 75.3 | 91.2 | 86 | |
| 7.6 | 9 | 6 | 5.8 | |
| 116 | 116 | 117 | 126 | |
| −38.7 | −53.9 | −0.3 | 14.1 | |
| 413 | 479 | 552 | 689 | |
| 24.2% | 28.7% | 28.1% | 25.3% | |
| 313 | 342 | 397 | 515 | |
| – | +9.2% | +16.1% | +29.8% | |
| 6.48 | 7.07 | 8.21 | 10.66 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 483 | 483 | 483 | 483 | |
| 1,827 | 1,830 | 1,854 | 1,905 | |
| 79.4 | 79.2 | 60.4 | 36.9 | |
| 479 | 544 | 538 | 598 | |
| 2,869 | 2,936 | 2,935 | 3,024 | |
| 1,453 | 1,436 | 1,411 | 1,578 | |
| 90.8 | 80.5 | 84.1 | 286 | |
| – | 3 | – | – | |
| 935 | 1,046 | 1,068 | 853 | |
| 391 | 371 | 372 | 306 | |
| 2,869 | 2,936 | 2,935 | 3,024 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 370 | 489 | 449 | 510 | |
| −81.7 | −111 | −56.2 | −18.4 | |
| −273 | −370 | −404 | −495 | |
| 15.4 | 7.9 | −11.1 | −3.3 | |
| −57.8 | −71.3 | −95.4 | −290 | |
| 312 | 418 | 354 | 220 | |
| −246 | −338 | −372 | −464 |
Shareholding pattern
- Promoters44.01%
- Public55.99%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 44.01% | 55.99% | 0.00 | |
| 30 Jun 2026 | 44.01% | 55.99% | 0.00 | |
| 31 Mar 2026 | 44.01% | 55.99% | 0.00 | |
| 31 Dec 2025 | 44.01% | 55.99% | 0.00 | |
| 30 Sep 2025 | 44.01% | 55.99% | – |
Major shareholders
Filings & events
News
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