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GSPL Consensus Forecast

No. of reports in last year
3
No. of analysts
3
Average Consensus Forecast
3646.94
Consensus Potential
44.72%

GSPL Price Target Potential

BrokerageTargetPotential
Nirmal Bang48026.22%
Motilal Oswal40011.46%
ICICIdirect.com10060.8296.48%

GSPL Targets in FrontPage Forums

1 Users have submitted 1 trade ideas of Rs. 35,085 for GSPL
100% Bullish
0% Bearish
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GSPL Ratings

Long term GSPL rating by FrontPage users
5/5 (2 Ratings)

3 GSPL share price target reports by brokerages below. See what is analyst's view on GSPL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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GSPL Share Price Target

GSPL Share Price Target - Broker Reports - 2021

5-Jul-21
Price @ Call: 322.15
Target: 480
BUY
3-Mar-21
Price @ Call: 276.1
Target: 400
BUY
12-Feb-21
Price @ Call: 233.3
Target: 10060.82
BUY

GSPL Share Price Target - Broker Reports - 2020

10-Jun-20
Price @ Call: 224.57
Target: 250
HOLD
In Q1FY21E, GSPL’s transmission volumes are expected to decline as the extended lockdown led to lower CNG & industrial PNG demand from Gujarat. However, in the long run, the transmission business is expected to report stable volumes, adjusting for lower refinery volumes, in the backdrop of growth in CGD & PNG sectors and increased LNG capacity in Gujarat. The management indicated at capacity expansion due to new LNG terminals and to support pipelines of its subsidiaries for expansion outside Gujarat. However, an expected downward revision of transmission tariffs will have an impact on the profitability of the company from H2FY21E. Also, nearly 50% of GSPL value is derived from its listed CGD entity Gujarat Gas (54.1% stake) and unlisted Sabarmati Gas, which commands holding company discount. Hence, investors should prefer directly investing in Gujarat Gas instead of GSPL. We value GSPL on a SOTP basis with investments at ~Rs127/share and standalone business at ~Rs 123/share to arrive at a target price of | 250. We downgrade the stock from BUY to HOLD recommendation.
... Read more
30-Mar-20
Price @ Call: 163.9
Target: 273
BUY
We maintain Buy on GSPL with a reduced target price (TP) of Rs273 (+65.7% from CMP) as one of our top mid-cap Oil & Gas picks as we believe its gas transportation business is relatively more resilient and is likely to bounce back once the current nationwide lockdown in the fight against COVID 19 is behind us. We have cut our FY20-22E estimates by 3.8%/12.8%/1% and our SOTP-based TP by 12.7% based on volume assumptions tempered for the twin impact of COVID19 and the economic slowdown. Key risks: Disruption to supplies of LNG cargo arrivals and domestic gas- Pl see extract of news from S&PGlobal.com at the end of the report; curtailment of gas purchases by customers, especially in small industrial segments and city gas volume by subsidiary Gujarat Gas ( normal run-rate of about 9.5 mmscmd) and delay in ongoing projects on network upgradation and new projects.
... Read more
14-Feb-20
Price @ Call: 238.98
Target: 313
BUY
GSPL’s 3QFY20 standalone results look good with 7.2%/28% growth YoY in volume/PAT despite the marginal miss vs our and street estimates. Revenue beat NBIE est. and consensus estimate by 11.8%/18.9%, respectively at Rs6.3bn. But EBITDA was a miss vs. NBIE est. and consensus estimate by 5%/5.8% at Rs3.8bn. PAT was also a miss vs. NBIE est. and consensus estimate by 6.5%/10.8% at Rs2.2bn. Overall the results still show good traction on volume and earnings. In our post-result call we gathered from the management that incremental supplies of 5-8mmscmd from the recently started Mundra LNG terminal and low gas prices are positive for GSPL’s growth prospects in the next year. We have marginally raised our FY20-22E estimates and our SOTP based TP by 3% to Rs313 (+31.4% from CMP). Reiterate Buy.
... Read more

GSPL Share Price Target - Broker Reports - 2019

9-Nov-19
Price @ Call: 213.17
Target: 256
BUY
The National Green Tribunal (NGT) in Jul’19 has directed the Central Pollution Control Board (and respective State PCBs) to fix the cost of damage done to the environment by critically and severely polluted industrial clusters within three months. As India flexes its muscle against industrial pollution, adoption of natural gas by industries bodes well for gas transporters like GUJS (report). Transmission volume growth in 1HFY20 was aided by higher off-take at Morbi industrial cluster (GUJGA volumes averaging ~5.2mmscmd) as well as higher volume for the power sector. We keep our transmission tariff unchanged at INR1,477/mscm for FY20/FY21 with transmission volume estimate at 37mmscmd/38.5mmscmd. However, since the company has adopted lower tax rate, its transmission tariffs are under consideration for reduction by PNGRB.
... Read more
4-Dec-19
Price @ Call: 216.7
Target: 303
BUY
The stock trades at 10.4x PE on FY21 Sept. EPS, 8.2x EV/E on FY21 Sept. EBITDA and FCF yield of 6% on Sept FY21E, which looks reasonable, given that the stock is up 15.5% in the last one year. We see company’s net debt declining from Rs24bn to Rs167mn by FY22E after aggregate capex and investments of Rs6bn. We estimate FCF to increase from Rs10.8bn on average in FY19/FY20E to Rs9.3/13.2bn over FY21E-22E and should sustain over the longer term as well. Our Buy call is based on (i) sustained long term growth outlook in transmission volume, supported by India’s booming natural gas market (ii) huge leverage to a step surge in future volume and (iii) compelling valuation that offset concerns over tepid growth over FY21-22E as well as regulatory/policy issues and execution risk.
... Read more
13-May-19
Price @ Call: 175.6
Target: 180
HOLD
GSPL’s transmission business is expected to report stable volumes, adjusting for lower Reliance volumes, in the backdrop of growth in CGD & PNG sectors and increased LNG capacity in Gujarat. The upward revision of transmission tariffs by PNGRB is a positive for the stock and will lead to decent profitability, going forward. However, nearly 50% of GSPL value is derived from its listed CGD entity Gujarat Gas (54.1% stake) and unlisted Sabarmati Gas, which commands holding company discount. Hence, investors can directly invest in Gujarat Gas instead of GSPL. We value GSPL on an SOTP basis with investments at ~| 91 per share and standalone business at ~| 89 per share to arrive at a target price of | 180 with HOLD recommendation.
... Read more
15-Mar-19
Price @ Call: 180.05
Target: 207
BUY
We value GSPL’s transmission business using Discounted Cash Flow (DCF) at Rs 120/sh. To this, we add Rs 87/sh as value of its investments in GGL, Sabarmati Gas (30% discount to EV/EBTDA valuation) and other investments (at book value) to arrive at the target price of Rs 207/sh. We initiate with BUY.
... Read more
12-Feb-19
Price @ Call: 167.4
Target: 180
HOLD
GSPL’s transmission business is expected to report stable volumes in the backdrop of growth in CGD & PNG sectors and increased LNG capacity in Gujarat. The expected upward revision of transmission tariffs by PNGRB is a key positive for the stock and will led to increased profitability, going forward. However, a reduction in value of its listed CGD entity Gujarat Gas (54.1% stake) has negated the positive impact of tariff hikes. We value GSPL on an SOTP basis with investments at ~| 67.2 per share (| 79.6 earlier) and standalone business at ~Rs 112.4 per share to arrive at a target price of Rs 180 with HOLD recommendation.
... Read more
11-Feb-19
Price @ Call: 165.85
Target: 207
BUY

GSPL Share Price Target - Broker Reports - 2018

28-Nov-18
Price @ Call: 180
Target: 262
BUY
5-Nov-18
Price @ Call: 183.78
Target: 210
ACCUMULATE
28-Sep-18
Price @ Call: 182.75
Target: 200
HOLD
14-Aug-18
Price @ Call: 198.32
Target: 215
HOLD
31-Jul-18
Price @ Call: 195.87
Target: 200
HOLD
1-Aug-18
Price @ Call: 196.33
Target: 182
SELL
31-Jul-18
Price @ Call: 195
Target: 213
ACCUMULATE
31-Jul-18
Price @ Call: 195
Target: 239
BUY
23-May-18
Price @ Call: 171.97
Target: 190
HOLD
22-May-18
Price @ Call: 173.8
Target: 221
BUY
21-May-18
Price @ Call: 175.72
Target: 187
NEUTRAL
21-Mar-18
Price @ Call: 177.45
Target: 200
BUY
20-Mar-18
Price @ Call: 176.66
Target: 240
BUY
9-Feb-18
Price @ Call: 205.09
Target: 220
HOLD
9-Feb-18
Price @ Call: 207.15
Target: 253
BUY

GSPL Share Price Target - Broker Reports - 2017

22-Nov-17
Price @ Call: 208
Target: 240
ACCUMULATE
14-Nov-17
Price @ Call: 214.6
Target: 254
BUY
24-Aug-17
Price @ Call: 197.1
Target: 199
ACCUMULATE
14-Aug-17
Price @ Call: 180.35
Target: 213
BUY
14-Aug-17
Price @ Call: 180.35
Target: 205
BUY
14-Aug-17
Price @ Call: 180.35
Target: 189
ACCUMULATE
4-Jul-17
Price @ Call: 177.7
Target: 200
BUY
16-Jun-17
Price @ Call: 167
Target: 182
ACCUMULATE
26-May-17
Price @ Call: 172
Target: 175
HOLD
25-May-17
Price @ Call: 174
Target: 200
BUY
10-Feb-17
Price @ Call: 164.24
Target: 175
BUY
6-Feb-17
Price @ Call: 156.5
Target: 185
BUY
6-Feb-17
Price @ Call: 156
Target: 163
NEUTRAL
7-Feb-17
Price @ Call: 164
Target: 180
BUY

GSPL Share Price Target - Broker Reports - 2016

23-May-16
Price @ Call: 134.5
Target: 180
BUY
5-Dec-16
Price @ Call: 149
Target: 195
BUY
1-Dec-16
Price @ Call: 157
Target: 175
BUY
30-Nov-16
Price @ Call: 157
Target: 184
BUY
1-Dec-16
Price @ Call: 157
Target: 174
BUY
14-Sep-16
Price @ Call: 148.5
Target: 158.5
BUY
10-Sep-16
Price @ Call: 157
Target: 158
NEUTRAL
15-Sep-16
Price @ Call: 148.05
Target: 184
BUY
12-Sep-16
Price @ Call: 151
Target: 170
BUY
24-Jun-16
Price @ Call: 129.5
Target: 180
BUY
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  • GSPL Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3382.23
    Upside Target 2370.12
    Upside Target 1362.13
    Pivot350.02
    Downside Target 1342.03
    Downside Target 2329.92
    Downside Target 3321.93
  • GSPL Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3368.28
    Upside Target 2356.02
    Upside Target 1347.18
    Pivot334.92
    Downside Target 1326.08
    Downside Target 2313.82
    Downside Target 3304.98
  • GSPL Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3428.37
    Upside Target 2385.23
    Upside Target 1359.32
    Pivot316.18
    Downside Target 1290.27
    Downside Target 2247.13
    Downside Target 3221.22
  • GSPL Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3370.12
    Upside Target 2362.44
    Upside Target 1357.69
    Pivot350.02
    Downside Target 1342.34
    Downside Target 2337.59
    Downside Target 3329.92
  • GSPL Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3356.02
    Upside Target 2347.96
    Upside Target 1342.98
    Pivot334.92
    Downside Target 1326.86
    Downside Target 2321.88
    Downside Target 3313.82
  • GSPL Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3385.23
    Upside Target 2358.86
    Upside Target 1342.56
    Pivot316.18
    Downside Target 1289.81
    Downside Target 2273.51
    Downside Target 3247.13
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
DISCLAIMER: Information is provided "as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and FrontPage will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein.
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