Gujarat State Petronet Ltd
NSE:GSPL

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Gujarat State Petronet Ltd
NSE:GSPL
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Price: 274.94 INR 0.93% Market Closed
Market Cap: ₹155.1B

EV/EBITDA

4.3
Current
13%
Cheaper
vs 3-y average of 4.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.3
=
Enterprise Value
₹124.3B
/
EBITDA
₹25.2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
4.3
=
Enterprise Value
₹124.3B
/
EBITDA
₹25.2B

Valuation Scenarios

Gujarat State Petronet Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (4.9), the stock would be worth ₹315.04 (15% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+312%
Average Upside
130%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 4.3 ₹274.94
0%
3-Year Average 4.9 ₹315.04
+15%
5-Year Average 4.7 ₹300.93
+9%
Industry Average 12.2 ₹780.61
+184%
Country Average 17.7 ₹1 133.54
+312%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
₹124.3B
/
Jan 2026
₹25.2B
=
4.3
Current
₹124.3B
/
Mar 2026
₹7.8B
=
16
Forward
₹124.3B
/
Mar 2027
₹8.5B
=
14.5
Forward
₹124.3B
/
Mar 2028
₹9.3B
=
13.4
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
IN
Gujarat State Petronet Ltd
NSE:GSPL
153.7B INR 4.3 14.7
US
Atmos Energy Corp
NYSE:ATO
30.9B USD 17 24.8
ES
Naturgy Energy Group SA
MAD:NTGY
24.7B EUR 6.6 12.2
IT
Snam SpA
MIL:SRG
21.9B EUR 12.1 17.5
HK
Hong Kong and China Gas Co Ltd
HKEX:3
133.8B HKD 20.9 23.5
JP
Osaka Gas Co Ltd
TSE:9532
2.3T JPY 9.2 12.6
JP
Tokyo Gas Co Ltd
TSE:9531
2.3T JPY 6.7 11.1
IT
Italgas SpA
MIL:IG
10.5B EUR 10.4 15.7
CA
AltaGas Ltd
TSX:ALA
15.2B CAD 13.5 20.4
IN
GAIL (India) Ltd
NSE:GAIL
1T INR 8.6 12
CN
ENN Natural Gas Co Ltd
SSE:600803
64.1B CNY 6.7 13.7

Market Distribution

Lower than 96% of companies in India
Percentile
4th
Based on 2 785 companies
4th percentile
4.3
Low
0.4 — 11.9
Typical Range
11.9 — 27.8
High
27.8 —
Distribution Statistics
India
Min 0.4
30th Percentile 11.9
Median 17.7
70th Percentile 27.8
Max 47 834.4

Gujarat State Petronet Ltd
Glance View

Market Cap
155.1B INR
Industry
Utilities

In the bustling world of India’s energy sector, Gujarat State Petronet Ltd. (GSPL) stands as a crucial player riding the waves of the nation's growing demand for natural gas. Born in the state of Gujarat, often considered the energy capital of India, GSPL embarked on its journey to develop and operate the critical pipeline infrastructure needed to transport natural gas across the region. At its heart, GSPL functions as a transporter, channeling natural gas from producers and import terminals to the industrial, commercial, and residential consumers. The company's sprawling network forms the backbone of Gujarat's gas distribution, intricately weaving a web that not only fuels industries but also empowers communities through enhanced energy accessibility. The magic of GSPL’s business model lies in its steady revenue stream, primarily generated through transportation tariffs. These tariffs are regulated and set by the Petroleum and Natural Gas Regulatory Board (PNGRB), ensuring a degree of stability and predictability in earnings. Additional strategic ventures, such as its interests in city gas distribution projects, complement its core operations. GSPL's ambitious expansion efforts, both within Gujarat and beyond, reflect its intent to leverage the burgeoning opportunities in the Indian energy landscape. By continuously expanding its infrastructure and exploring new synergies, GSPL aims to anchor itself as an indispensable entity in India's journey towards sustainable energy solutions.

GSPL Intrinsic Value
126.21 INR
Overvaluation 54%
Intrinsic Value
Price ₹274.94
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