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BUY GUJARAT INDUSTRY POWER LTD





Company Profile:

Gujarat Industries Power Company Limited (GIPCL) was incorporated in 1985 as a Public Limited company under the Gujarat Government (GoG). The company was incorporated as a Public Entity with the Registrar of Companies, Gujarat under the Companies Act, 1956 and has its registered office in PO Ranoli, Vadodara- 391 350, Gujarat, India and lists its shares in BSE Limited and The National Stock Exchange (India) Limited. The company has been promoted by Gujarat PSUs, namely GSFC, GACL and GUVNL. The company is involved in the Electrical Power Generation business with a current installed generation capacity of 1084.4 MW. The company has a diverse portfolio of Thermal (Gas and Lignite), Wind and Solar Power Plant Assets in Gujarat province. GIPCL aims to transform itself into a viable business for the national energy sector. GIPCL launched its first energy project, the 145 MW Combined Cycle Power Plant in Vadodara in 1992. It was established as a new concept of the Group Captive Power Plant with the involvement of industry and state government as facilitators. The energy from this plant is given to its promoters in proportion to their catch for the first time.

Financials of the company:

Current market price  64.50 in BSE
Financials :
BSE Code : 517300
NSE symbol: gipcl

EPS 11.37, Book value 105, Face value 10, Dividend (%) 25% , 

Net sale of Sept 2013 is 323.70 & 348.04 is of Dec 2013

Net profit  is 31.25 is of Sept  2013, 42.55 is of Dec 2013

Total assets is 2364.15, Total debt on company is 748cr 

Promoters holding is 58.21
FIIs Holding is 1.6%
DIIs holding is  27.2%
market cap of the company is  975cr

The company management includes D J pandian - chairman, l chuaungo - managing director, shekhar chaudhuri


Company Performance & Personal view on Company


The company has good hands in mining , power sector and company has won "rajya shram award" 2011-12 from Gujarat govt. for production performance. 
Company is one of the first group of power plants to have implemented and obtained ISO 50001: 2011 energy management system certification . The  Company is growing  9% yoy basis which big achievement
 
As Indian stock market and industry is expecting  good reforms in the power sector & infrastructure development is on cards. It is a Gujarat based company & will get good benefits. The company has low debt as compare with peers of this sector.

if the rate of interest will  cut by RBI in coming months then the stock may see higher levels in coming months .I would like to  say that  worst has over almost for these companies.  It is right time to start investment in such hidden gems stocks of this sector before FIISs are doing good investment   in this company.
It has potential to become multibaggar stock in the coming years. The Gujarat govt owned company or we can share holding of Gujarat state govt is also giving confidence for making investment in this company. The govt will have more focus to provide electricity into the rural areas as well as full day supply in the urban areas. The demand of the electricity will never come to an end.

The other trigger is also attached with this company i.e we may see stake sale of state govt in the company years if it happens then we may see turn around in this company. It is dividend paying company which makes it investor friendly.

 Disclaimer:  Please do your own research before making any investment decision. Company profile data is sourced from company website but view on the company is personal.

 

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