Notes / Company

Gujarat Industries Power Company Ltd.

GIPCL BSE 517300 ISIN INE162A01010 Power Generation

Fundamentals

Market cap: ₹2,476 cr
P/E: 6.15×
ROE: 6.00%
Debt / equity: 0.52
Div yield: 2.56%
52-week range: 119.90 — 223.90

Research on Tijori Finance

Company snapshot

Gujarat Industries Power Company Ltd.

Power

₹2,538 cr

P/E 6.31×

Latest quarter · Mar 2026

Sales₹428 cr

Net profit₹327 cr

Op. margin+45.5%

EPS₹21.06

Strength & growth

Debt / equity0.22×

Current ratio1.53×

Sales CAGR+1.0%

EPS CAGR+7.5%

The timeline — 1 note on Gujarat Industries Power Company Ltd.

July 2026

10 Jul 26 · 5:22 PM IST Brief

Brief · Small cap

GIPCL pivots back to thermal with ₹6,000-7,000 cr lignite plant

New 750 MW thermal unit approved on cost-plus basis; Khavda renewable project delayed over 2 years and scope cut to 1,100 MW. Management sees earnings compression in FY27 before recovery from FY28.

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