GSPL Transmission Limited

₹107.87As of Sun 8 Nov 2026, 12:00 UTC

NSE:GSPLTRANSEnergy

Country India

PE (Fwd) •••

TSR 10Y CAGR —

Div yield 4.64%

ROE —

Oil & Gas Midstream

Beta (5Y) —

PE TTM —

TSR TTM —

Mkt cap ₹33.74B

ROIC —

SE Grade™

Value

Quality

Moat

Consensus

Reference

₹103

(4.41%)

(59.75%)

Hold 4|3|3|7|8

TTM

FYE 31 Dec INR

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

3.376

Revenue₹B

7.272

7.589

7.878

8.433

8.754

9.265

9.929

10.29

10.88

11.36

3.542

5.34%

5.16%

5.70

Revenue growth%

5.70

6.79

7.23

5.99

3.22

5.92

3.10

1.84

2.41

3.36

11.68

3.10

4.53

14.18

Gross margin%

20.51

21.62

21.10

24.00

24.36

23.30

22.95

24.65

26.45

24.73

17.58

24.65

23.65

21.90

Operating margin%

27.53

24.58

22.79

25.68

27.06

24.43

23.55

21.32

18.73

16.83

20.83

21.32

23.99

9.34

Net margin%

6.43

5.11

4.46

4.82

4.72

1.80

2.85

2.33

3.93

1.25

27.83

2.33

4.20

29.40

P/E ratio (avg)x

16.75

16.07

18.11

17.09

18.95

18.96

20.80

21.36

22.68

22.37

10.20

21.36

18.96

6.604

EV/EBITx

15.98

15.29

13.07

13.92

12.91

11.06

11.61

11.32

9.702

10.21

18.31

11.06

12.26

26.37

FCF yield (avg)%

8.67

6.95

9.94

11.76

14.16

13.97

16.89

14.78

17.54

19.67

19.16

16.89

14.07

2.09

FCF margin%

20.85

22.08

20.04

21.74

23.04

22.86

24.35

21.96

24.71

26.88

15.29

24.35

22.47

0.839

FCF / Net incomex

1.368

1.410

1.395

1.211

1.107

1.118

1.073

1.110

1.189

1.099

1.564

1.110

1.153

13.83

ROIC%

8.37

8.66

8.44

10.89

11.95

11.91

12.91

15.04

14.55

16.62

13.70

14.55

11.93

6.70

Return on equity%

23.75

23.77

22.68

24.94

22.67

20.93

23.50

20.93

23.09

20.23

28.70

20.93

22.88

18.59

Return on assets%

5.22

7.63

4.65

3.52

5.26

4.87

5.51

6.60

8.83

11.45

9.31

6.60

5.38

10.71

EPS₹

19.93

18.99

20.57

20.17

21.93

23.69

23.11

22.12

23.05

24.40

11.81

2.16%

2.55%

—

25.11

EPS growth%

10.43

9.37

11.38

12.86

10.62

7.80

8.48

7.09

8.60

11.29

23.30

8.48

9.90

17.87

Bookvalue per sh₹

19.87

22.78

22.80

21.81

23.88

27.16

28.79

29.63

31.77

30.32

19.98

4.89%

3.94%

—

6.95

FCF per share₹

23.65

24.09

28.47

31.01

34.39

39.54

39.70

47.48

52.41

54.26

15.55

9.55%

9.06%

—

5.61

Dividend per sh₹

10.15

10.93

9.32

9.02

9.04

8.33

7.47

6.38

6.06

6.30

19.34

(6.97%)

(5.44%)

—

29.47

Div yield (avg)%

13.18

11.52

11.53

10.36

11.51

12.44

14.87

12.05

12.63

12.87

19.86

12.63

12.24

19.12

Payout ratio%

13.58

15.00

16.09

18.30

20.51

22.36

22.59

22.50

21.72

22.02

7.33

22.36

21.12

305.4

Shares (diluted)M

302.9

318.9

368.6

415.8

457.8

477.0

478.1

464.7

476.2

527.1

306.5

2.86%

5.12%

12.96

Buyback yield%

7.03

7.78

8.54

5.70

5.41

2.59

3.44

5.47

7.30

6.19

8.66

5.47

5.95

0.902

D/E ratiox

0.136

0.123

0.130

0.115

0.114

0.106

0.098

0.101

0.105

0.114

0.843

0.105

0.114

2.789

Enterprise value₹B

3.560

3.671

4.102

4.317

4.663

4.931

5.504

5.102

5.192

4.681

3.591

0.07%

3.84%

2.569

LT debt₹B

5.434

5.302

6.062

6.235

6.423

6.081

6.524

7.072

7.137

7.261

1.632

2.48%

2.81%

Peers (US$355.4M)

Cap (US$)

Energy Infrastructure…

466.4M

36.25x

Antelopus Selan Energy…

333.7M

17.63x

Rajasthan Securities…

49.21M

6.954x

Summit Midstream…

373.9M

—

Capital

TTM

10Y

Leveragex

0.135

1.771

1.297

EBIT/Intx

0.364

0.227

0.210

Own earn%

0.85

(53.98)

(27.00)

Sh yield%

42.43

18.32

18.69

Owners

Insiders/Inst%

11.41

78.32

Short interest%

1.97

SBC / revenue%

2.91

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

17–28

$1 testx

−0.1

Incr. ROIC%

GSPL Transmission Limited owns and operates a gas transmission business. The company engages in the business of transportation of natural gas through pipelines connecting various supply and demand centers in India. The company has pipeline network of about 2692 km across the state of Gujarat. It is developing energy transportation infrastructure and connecting natural gas supply sources, including LNG terminals.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

₹11.36B

5.16%

1.00×

Cost of revenue

₹7.232B

5.12%

1.00×

Operating expenses

₹1.275B

5.49%

1.03×