Prabhudas Lilladher Upgrades Gujarat State Petronet to Accumulate with Target of ₹348

Status: Pending

Age: New (13/08/2025)

TRACK

Brokerage

Prabhudas Lilladher

Analyst

Prabhudas Lilladher

Position

Bullish

Start Date

13/08/2025

Horizon

Mid Term

Target Price and Expected Returns

Start Price

₹299.45

Target Price

₹348

Expected Returns

16.3%

Summary

Prabhudas Lilladher recommended accumulating Gujarat State Petronet with a target price of ₹348.

Prabhudas Lilladher's justification for Gujarat State Petronet target price prediction

Recent decline in stock price.
Investments in Gujarat Gas and Sabarmati Gas at a 25% holding discount valued at ₹230.
Valuing the core business at 10x FY27E adj EPS at ₹118.
EBITDA grew 62% QoQ to Rs2bn.
PAT came in at Rs1.4bn.

We upgrade the stock to ‘Accumulate’, primarily on account of recent decline in the stock. Investments in Gujarat Gas and Sabarmati Gas at a 25% holding discount provide a valuation of Rs230, and valuing the core business at 10x FY27E adj EPS at Rs118, we arrive at a TP of Rs348.

Sources:

https://www.moneycontrol.com/news/business/markets/accumulate-gujarat-state-petronet-target-of-rs348-prabhudas-lilladher-13452953.html

Tags:

Bullish, Gujarat State Petronet, Prabhudas Lilladher, stock_prediction

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