Gujarat State Petronet Ltd Share Price Target 2024, 2025 to 2030

Energy is crucial for societal growth, with India as the third largest global energy consumer, accounting for 35% of consumption. To meet the increasing demand for cleaner energy, Gujarat, India’s petrochemical hub, has initiated various projects to harness renewable sources and enhance the Oil & Gas sector. The Government of Gujarat established Gujarat State Petrochemicals Corporation Limited in 1979, later re-incorporated in 1994 as Gujarat State Petroleum Corporation Limited (GSPC) to secure a strong presence in the hydrocarbon value chain. Over the years, GSPC has become the only Oil & Gas conglomerate promoted by a state government in India, achieving the envisioned goals. The GSPC Group, comprising twelve companies and institutions, is one of the largest exploration and production entities with a significant presence across the hydrocarbon value chain, employing innovative technologies to enhance operations in upstream and downstream segments.

Shareholding Patterns of GSPC

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters +	37.63%	37.63%	37.63%	37.63%	37.63%
FIIs +	16.55%	16.00%	16.03%	15.67%	15.84%
DIIs +	25.20%	25.17%	24.77%	24.74%	23.57%
Government +	2.01%	2.01%	2.01%	2.01%	2.01%
Public +	18.62%	19.19%	19.56%	19.95%	20.95%
No. of Shareholders	1,59,401	1,68,296	1,73,763	1,80,765	2,39,948

From June 2023 to June 2024, the shareholding pattern of the company revealed stability and some shifts among key investor groups. Promoters consistently maintained their stake at 37.63% throughout the year. Meanwhile, Foreign Institutional Investors (FIIs) slightly reduced their holdings from 16.55% in June 2023 to 15.84% in June 2024. Domestic Institutional Investors (DIIs) also saw a decline in their shares, moving from 25.20% to 23.57%. The government’s stake remained constant at 2.01%, showing no changes over the period.

On the other hand, public shareholding witnessed a notable increase, rising from 18.62% in June 2023 to 20.95% by June 2024. This growth in public participation is further reflected in the substantial rise in the number of shareholders, which surged from 159,401 to 239,948 during the same timeframe. The increase in public interest suggests a broader base of individual investors becoming involved with the company, potentially driven by its performance and future prospects.

How to Purchase GSPC Ltd Shares in India?

Below are the trading platforms that you can use to purchase GSPC Ltd shares:

➤ Zerodha

➤ Upstox

➤ Groww

➤ AngelOne

➤ ICICIDirect

GSPC Ltd Share Price Target 2024, 2025 to 2030

GSPC Ltd Share Price Target 2024

When	Maximum Price	Minimum Price
August 2024	351.05	305.26
September 2024	365.10	317.47
October 2024	357.94	311.25
November 2024	372.25	323.70
December 2024	375.98	326.94

The projected maximum and minimum prices for GSPC Ltd shares in 2024 are as follows: In August 2024, the maximum price is expected to be ₹351.05, while the minimum price will be ₹305.26. Moving forward to December 2024, the GSPC Ltd share is anticipated to reach a maximum price of ₹375.98 and a minimum price of ₹326.94.

GSPC Ltd Share Price Target 2025

When	Maximum Price	Minimum Price
January 2025	379.74	292.11
February 2025	383.57	295.06
March 2025	391.63	301.25
April 2025	387.75	298.27
May 2025	376.46	289.58
June 2025	393.40	302.61
July 2025	385.68	296.68
August 2025	397.61	305.86
September 2025	402.38	309.53
October 2025	412.85	317.57
November 2025	423.17	325.51
December 2025	442.21	340.16

The maximum and minimum prices for GSPC Ltd shares in 2025 are anticipated to experience notable fluctuations. As we step into January 2025, the GSPC Ltd share is projected to have a maximum price of ₹379.74 and a minimum price of ₹292.11. By December 2025, the maximum price is expected to rise to ₹442.21, while the minimum price is anticipated to increase to ₹340.16. Throughout the year, GSPC Ltd shares are projected to see a steady climb in their maximum and minimum prices, reflecting a positive trend in their market performance.

GSPC Ltd Share Price Prediction 2026

When	Maximum Price	Minimum Price
January 2026	455.48	350.37
February 2026	444.09	341.61
March 2026	452.97	348.44
April 2026	462.21	355.55
May 2026	457.64	352.03
June 2026	469.08	360.83
July 2026	459.88	353.75
August 2026	474.10	364.70
September 2026	483.59	371.99
October 2026	496.16	381.66
November 2026	508.56	391.20
December 2026	521.28	400.98

GSPC Ltd Share Price Target 2027

When	Maximum Price	Minimum Price
January 2027	526.49	404.99
February 2027	539.99	415.38
March 2027	561.05	431.58
April 2027	550.05	423.11
May 2027	534.03	410.79
June 2027	558.06	429.28
July 2027	547.12	420.86
August 2027	564.04	433.88
September 2027	583.78	449.06
October 2027	598.96	460.74
November 2027	613.93	472.26
December 2027	629.28	484.06

GSPC Ltd Share Price Prediction 2028

When	Maximum Price	Minimum Price
January 2028	641.87	493.74
February 2028	658.32	506.40
March 2028	684.00	526.15
April 2028	670.59	515.84
May 2028	651.06	500.81
June 2028	680.35	523.35
July 2028	667.01	513.09
August 2028	687.64	528.96
September 2028	711.71	547.47
October 2028	730.21	561.70
November 2028	748.47	575.75
December 2028	767.18	590.14

GSPC Ltd Share Price Target 2029

When	Maximum Price	Minimum Price
January 2029	782.52	601.94
February 2029	802.59	617.38
March 2029	833.89	641.45
April 2029	817.54	628.88
May 2029	793.73	610.56
June 2029	829.45	638.03
July 2029	813.18	625.52
August 2029	838.33	644.87
September 2029	867.67	667.44
October 2029	890.23	684.79
November 2029	912.49	701.91
December 2029	935.30	719.46

GSPC Ltd Share Price Target 2030

When	Maximum Price	Minimum Price
January 2030	954.01	733.85
February 2030	978.47	752.67
March 2030	1,016.63	782.02
April 2030	996.69	766.69
May 2030	967.66	744.36
June 2030	1,011.21	777.85
July 2030	991.38	762.60
August 2030	1,022.04	786.19
September 2030	1,057.81	813.70
October 2030	1,085.32	834.86
November 2030	1,112.45	855.73
December 2030	1,140.26	877.12

As we step into January 2030, the maximum price is projected to be ₹954.01, while the minimum price is anticipated to be ₹733.85. By December 2030, the maximum price is projected to reach ₹1,140.26, and the minimum price is expected to rise to ₹877.12.

Financial Condition of GSPC Ltd

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	12,244	11,535	17,991	18,117	17,295
Expenses +	9,027	7,961	14,491	14,437	13,912
Operating Profit	3,217	3,574	3,500	3,680	3,383
OPM %	26%	31%	19%	20%	20%
Other Income +	108	130	148	136	248
Interest	369	227	112	70	32
Depreciation	518	542	579	621	664
Profit before tax	2,438	2,936	2,957	3,125	2,935
Tax %	7%	25%	25%	25%	26%
Net Profit +	2,279	2,192	2,231	2,342	2,184
EPS in Rs	30.65	28.48	29.04	29.09	29.41
Dividend Payout %	7%	7%	7%	17%	17%

Over the past five fiscal years, the company’s financial performance has exhibited notable fluctuations. Sales revenue increased significantly from ₹12,244 crore in March 2020 to a peak of ₹18,117 crore in March 2023 before slightly declining to ₹17,295 crore in March 2024. Despite this variability, the company maintained a solid operating profit margin, with Operating Profit Margins (OPM) ranging from 19% to 31%, albeit dipping from 31% in March 2021 to a steady 20% in the subsequent years.

The company’s expenses have also shown an upward trend, increasing from ₹9,027 crore in March 2020 to ₹13,912 crore in March 2024. This rise in expenses was matched by a corresponding increase in operating profit, which peaked at ₹3,680 crore in March 2023 before declining to ₹3,383 crore in March 2024. Other income, interest expenses, and depreciation have fluctuated over the years, with interest expenses notably decreasing from ₹369 crore in March 2020 to ₹32 crore in March 2024. The net profit after tax varied modestly, peaking at ₹2,342 crore in March 2023 and slightly falling to ₹2,184 crore in March 2024, reflecting a consistent dividend payout ratio increase from 7% to 17% over the period. The earnings per share (EPS) also showed resilience, remaining around ₹29, indicating stable returns for shareholders.

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