Gujarat Industries Power Co. Ltd. (GIPCL) AI Stock Analysis

Gujarat Industries Power Co. Ltd.

(NSE:GIPCL)

Select Model

Rating:69Neutral

Price Target:INR 175.00▲(9.44% Upside)

Action:reiterated

Date:09/06/26

The score is driven primarily by mixed financial performance: improved profitability is offset by higher leverage and materially negative free cash flow in recent years. Technicals are strong with an uptrend across moving averages, though momentum is overbought. Valuation is a clear positive due to the low P/E, with a modest dividend yield providing additional support.

Positive Factors

Strong ProfitabilityStrong EBITDA margins and a marked improvement in net margin indicate meaningful earnings capacity for a regulated utility. If these margins remain supported by tariffs, generation performance, and cost control, GIPCL should retain the ability to fund operations and absorb moderate business volatility.

Negative Factors

Higher LeverageThe sharp increase in debt relative to equity raises refinancing and execution risk, particularly if operating returns normalize. Higher leverage can also reduce financial flexibility for new generation projects and make earnings more sensitive to funding costs and changes in cash generation.

Gujarat Industries Power Co. Ltd. (GIPCL) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 24.85B
Dividend Yield: 2.55%
Average Volume (3M): 40.53K
Price to Earnings (P/E): 4.9
Beta (1Y): 1.35
Revenue Growth: 23.78%
EPS Growth: 147.63%
Country: India
Employees: 600
Sector: General
Sector Strength: 55
Industry: Regulated Electric

Gujarat Industries Power Co. Ltd. Business Overview & Revenue Model

Company Description

Gujarat Industries Power Company Limited (GIPCL) specializes in producing and distributing electricity, primarily serving power utilities across India. The company operates a diversified energy portfolio, generating power from gas, lignite, wind, and...

How the Company Makes Money

GIPCL primarily makes money by generating electricity and selling it under contractual and/or regulated arrangements to off-takers (typically utilities/distribution companies or other eligible buyers) through the state/national grid. Its key revenue...

Gujarat Industries Power Co. Ltd. Financial Statement Overview

Summary

Income statement strength improved in FY2026 (net margin up to ~27% and EBITDA margin ~34%–38%), but overall financial quality is held back by rising leverage (debt-to-equity ~0.94 vs ~0.58 in FY2025) and weak cash conversion with deeply negative free cash flow in FY2025–FY2026 alongside a drop in operating cash flow.

Income Statement

72Positive

Balance Sheet

58Neutral

Cash Flow

44Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	16.19B	14.91B	12.56B	13.49B	13.56B	11.67B
Gross Profit	4.82B	3.07B	5.65B	2.57B	5.45B	5.36B
EBITDA	7.30B	6.33B	4.75B	4.57B	4.55B	4.26B
Net Income	5.03B	4.02B	2.11B	1.99B	1.89B	1.71B
Balance Sheet
Total Assets	0	94.26B	75.66B	52.18B	44.87B	44.03B
Cash, Cash Equivalents and Short-Term Investments	2.63B	2.63B	4.94B	6.09B	4.54B	2.82B
Total Debt	0	35.94B	20.27B	6.14B	4.93B	5.29B
Total Liabilities	-38.40B	55.86B	40.42B	19.13B	13.33B	13.59B
Stockholders Equity	38.40B	38.40B	35.24B	33.06B	31.54B	30.44B
Cash Flow
Free Cash Flow	-8.80B	-17.39B	-15.80B	982.01M	2.83B	186.99M
Operating Cash Flow	3.09B	5.80B	11.27B	5.62B	4.10B	3.62B
Investing Cash Flow	-12.26B	-22.75B	-26.65B	-2.17B	-1.28B	-3.40B
Financing Cash Flow	6.82B	14.87B	13.97B	-1.90B	-1.10B	-245.30M

Gujarat Industries Power Co. Ltd. Technical Analysis

Technical Analysis SentimentNegative

Last Price159.90

Price Trends

50DMA179.69Negative

100DMA169.58Negative

200DMA155.87Positive

Market Momentum

MACD-5.55Negative

RSI39.44Neutral

STOCH57.61Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GIPCL, the sentiment is Negative. The current price of 159.90 is below the 20-day moving average (MA) of 165.64, below the 50-day MA of 179.69, and above the 200-day MA of 155.87, indicating a neutral trend. The MACD of -5.55 indicates Negative momentum. The RSI at 39.44 is Neutral, neither overbought nor oversold. The STOCH value of 57.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GIPCL.

Gujarat Industries Power Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:GIPCL against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:GIPCL	69Neutral	INR 24.82B	4.94	―	2.55%	23.78%	147.63%
IN:NTPC	68Neutral	INR 3.06T	11.05	―	2.85%	2.36%	15.88%
IN:CESC	65Neutral	INR 165.17B	10.65	―	9.64%	8.73%	12.55%
IN:NLCINDIA	56Neutral	INR 316.01B	9.68	―	1.69%	16.85%	12.22%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:DPSCLTD	51Neutral	INR 6.12B	52.73	―	0.80%	10.10%	64.96%
IN:RELINFRA	45Neutral	INR 19.01B	0.59	―	―	-6.41%	-40.45%

* General Sector Average

Performance Comparison

IN:GIPCL and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:GIPCL	Gujarat Industries Power Co. Ltd.	159.90	-18.54	-10.39%
IN:CESC	CESC Ltd	124.60	-48.73	-28.11%
IN:DPSCLTD	India Power Corp. Ltd.	6.28	-5.51	-46.73%
IN:NLCINDIA	NLC India Limited	227.90	-27.62	-10.81%
IN:NTPC	NTPC Limited	316.00	-10.36	-3.17%
IN:RELINFRA	Reliance Infrastructure Limited	46.58	-157.27	-77.15%

Gujarat Industries Power Co. Ltd. Corporate Events

Gujarat Industries Power Closes Trading Window Ahead of Q2 FY27 Results

Sep 25, 2026

Gujarat Industries Power Company Ltd. has announced the closure of its trading window for equity shares from October 1, 2026, for directors, designated persons, and their immediate relatives under SEBI’s Prohibition of Insider Trading Regulatio...

GIPCL Files Voting Results and Scrutinizer Report for 41st AGM

Sep 21, 2026

GIPCL has reported to the BSE and NSE the voting results of its 41st Annual General Meeting held on September 19, 2026, conducted via video conference from its Vadodara registered office. Shareholders were given the opportunity to vote on AGM resolut...

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Sep 06, 2026

Gujarat Industries Power Co. Ltd. AI Stock Analysis