ReutersICICI Direct has buy call on with a target price of Rs 110. The current market price of Gujarat Pipavav Port is Rs 91.5. Time period given by analyst is one year when . price can reach defined target.
Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4421.06 Crore) operating in Shipping sector.
Gujarat Pipavav Port Ltd. key Products/Revenue Segments include Income from Port Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 216.98 Crore, down -4.73 % from last quarter Total Income of Rs 227.74 Crore and up 29.98 % from last year same quarter Total Income of Rs 166.93 Crore. Company reported net profit after tax of Rs 57.52 Crore in latest quarter.
Investment Rationale
Higher Exim movement and modernisation of cargo checks would help in better turnaround times for exporters and, therefore, enhance stickiness of cargo volumes for the company. GPPL has the highest rail quotient (~70%) among all ports while improved port connectivity through feeder rail routes would be positive for the company
Promoter/FII Holdings
Promoters held 44.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.78 per cent, DIIs 21.34 per cent.
Gujarat Pipavav Port Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 4421.06 Crore) operating in Shipping sector.
Gujarat Pipavav Port Ltd. key Products/Revenue Segments include Income from Port Services and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 216.98 Crore, down -4.73 % from last quarter Total Income of Rs 227.74 Crore and up 29.98 % from last year same quarter Total Income of Rs 166.93 Crore. Company reported net profit after tax of Rs 57.52 Crore in latest quarter.
Investment Rationale
Higher Exim movement and modernisation of cargo checks would help in better turnaround times for exporters and, therefore, enhance stickiness of cargo volumes for the company. GPPL has the highest rail quotient (~70%) among all ports while improved port connectivity through feeder rail routes would be positive for the company
Promoter/FII Holdings
Promoters held 44.01 per cent stake in the company as of 31-Mar-2022, while FIIs owned 22.78 per cent, DIIs 21.34 per cent.
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