GP Petroleums Limited (NSE:GULFPETRO) Annual Report 2022



The latest annual report of GP Petroleums Limited (GULFPETRO) was published on 31 Mar 2022. An annual report is a document that public corporations must provide annually to shareholders that describes their operations and financial conditions. Typically, an annual report will contain sections such as General corporate information, Operating and Financial highlights, Letter to shareholders from the CEO, Financial statements etc.

Key Statistics - GULFPETRO Annual Results

Amounts in INR

Total Revenue
7.18B
Gross Profit
984.5M
EBIT
270.15M
Net Tangible Assets
2.51B
Net Income
189.37M
Capital Expenditures
-5.3M

GULFPETRO Income Statement 2022 Annual Report

As per the latest Income Statement of GULFPETRO, the Net revenue increased by ₹1.077442519B (18%) compared to the previous period. The operating income in 2022 increased by ₹31.68M (13%). The net income as per the annual report was 189.37M which increased by ₹12.13M (7%) compared to previous year.

Income Statement Report (2022/2021)

20222021
Total Revenue7.18B6.1B
Gross Profit984.5M908.63M
Operating Income270.15M238.47M
Income Before Tax263.63M236.14M
Net Income189.37M177.24M

Balance Sheet - GULFPETRO 2022 Annual Report

Read further: GULFPETRO Balance Sheet Detailed Analysis

The latest balance sheet from annual result of GP Petroleums Limited showed the company reduced the cash on balance sheet by ₹-143.91M (-98%). The Net tangible assets of GULFPETRO on the balance sheet were at 2.51B which is ₹183.26M (8%) more than previous annual report. The total stockholder equity also increased by ₹182.77M (8%) compared to previous reporting period.

Balance Sheet Statement Report (2022/2021)

20222021
Cash2.79M146.7M
Total Assets3.24B 3.97B
Long Term Debt--
Total Liabilities722.35M 1.63B
Total Shareholder Equity2.51B2.33B
Net Tangible Assets2.51B2.33B

Cash Flow Statement - GULFPETRO 2022 Annual Report

The 2022 annual cash flow statement of GP Petroleums Limited showed that the net income increased by ₹12.13M (7%) compared to previous reporting period. Also the capital expenditure of GULFPETRO increased by ₹394121 (7%).

As of 2022, the total cash from investing activities was 150.19M and total cash from financing activities was -918.97M.

Cash Flow Statement Report (2022/2021)

20222021
Net Income189.37M177.24M
Capital Expenditures-5.3M-5.7M
Dividends Paid--38.24M
Total Cash From From Investing Activities150.19M-17.9M
Total Cash From From Financing Activities-918.97M711.94M

GP Petroleums Limited Annual Report History

Income Statement

Income Statement history of GP Petroleums Limited (NSE:GULFPETRO)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Total Revenue7.18B6.1B4.95B6.07B
Cost Of Revenue6.19B5.19B4.17B5.24B
Gross Profit984.5M908.63M788.8M827.47M
Research Development----
Selling General Administrative266.44M256.5M277.43M302.73M
Non Recurring----
Other Operating Expenses419.3M380.42M222.67M179.79M
Total Operating Expenses6.91B5.86B4.7B5.76B
Operating Income270.15M238.47M252.86M313.11M
Total Other Income Expense Net-6.51M-2.34M-65.61M-58.66M
Ebit270.15M238.47M252.86M313.11M
Interest Expense-8.51M-40.33M-49.43M-34.06M
Income Before Tax263.63M236.14M187.25M254.45M
Income Tax Expense74.27M58.89M31.65M91.96M
Minority Interest----
Net Income From Continuing Ops189.37M177.24M155.6M162.5M
Discontinued Operations----
Extraordinary Items----
Effect Of Accounting Charges----
Other Items----
Net Income189.37M177.24M155.6M162.5M
Net Income Applicable To Common Shares189.37M177.24M155.6M162.5M

Balance Sheet Statement

Balance Sheet Statement history of GP Petroleums Limited (NSE:GULFPETRO)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Cash2.79M146.7M11.68M6.71M
Net Receivables1.1B978.57M797.19M921.09M
Inventory1.02B1.54B785.17M1.56B
Other Current Assets440.98M441.58M500.03M508.78M
Total Current Assets2.56B3.11B2.1B3.01B
Property Plant Equipment650.12M672.68M712.12M681.33M
Intangible Assets318k804.5k1M1.33M
Other Assets29.19M180.61M154.3M148.67M
Total Assets3.24B3.97B2.97B3.84B
Accounts Payable175.59M190.94M139.82M161.38M
Other Current Liab152.96M186.77M119.62M157.23M
Other Liab44.61M19.09M51.93M69.29M
Total Current Liabilities652.12M1.58B682.26M1.69B
Total Liab722.35M1.63B773.61M1.76B
Common Stock254.92M254.92M254.92M254.92M
Treasury Stock2.26B4.54M5.51M3.02M
Other Stockholder Equity2.26B4.54M5.51M3.02M
Total Stockholder Equity2.51B2.33B2.19B2.08B
Net Tangible Assets2.51B2.33B2.19B2.08B
Long Term Debt--1.35M2.07M

Cash Flow Statement

Cash Flow Statement history of GP Petroleums Limited (NSE:GULFPETRO)

31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Net Income189.37M177.24M155.6M162.5M
Depreciation28.62M33.24M35.85M31.85M
Change To Netincome45.9M20.83M39.43M42.57M
Change To Account Receivables-118.13M-182.04M123.86M489.91M
Change To Liabilities-15.35M50.95M-21.8M-434.93M
Change To Inventory518.83M-750.51M776M-197.07M
Change To Operating Activities-24.38M91.26M-1.55M-219.62M
Total Cash From Operating Activities624.86M-559.02M1.11B-124.8M
Capital Expenditures-5.3M-5.7M-19.81M-8.64M
Investments113.6M-36.4M-5.01M-7.85k
Other Cashflows From Investing Activities1.85M9.42M12.86M11.54M
Total Cashflows From Investing Activities150.19M-17.9M-11.53M3.05M
Net Borrowings-876.91M806.82M-977.88M132.87M
Other Cashflows From Financing Activities-42.06M-56.64M-74.77M-72.96M
Total Cash From Financing Activities-918.97M711.94M-1.09B21.61M
Change In Cash-143.91M135.02M4.97M-100.13M
Dividends Paid--38.24M-38.24M-38.3M