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)

	2022	2021
Total Revenue	7.18B	6.1B
Gross Profit	984.5M	908.63M
Operating Income	270.15M	238.47M
Income Before Tax	263.63M	236.14M
Net Income	189.37M	177.24M

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)

	2022	2021
Cash	2.79M	146.7M
Total Assets	3.24B	3.97B
Long Term Debt	-	-
Total Liabilities	722.35M	1.63B
Total Shareholder Equity	2.51B	2.33B
Net Tangible Assets	2.51B	2.33B

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)

	2022	2021
Net Income	189.37M	177.24M
Capital Expenditures	-5.3M	-5.7M
Dividends Paid	-	-38.24M
Total Cash From From Investing Activities	150.19M	-17.9M
Total Cash From From Financing Activities	-918.97M	711.94M

GP Petroleums Limited Annual Report History

Income Statement

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

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Total Revenue	7.18B	6.1B	4.95B	6.07B
Cost Of Revenue	6.19B	5.19B	4.17B	5.24B
Gross Profit	984.5M	908.63M	788.8M	827.47M
Research Development	-	-	-	-
Selling General Administrative	266.44M	256.5M	277.43M	302.73M
Non Recurring	-	-	-	-
Other Operating Expenses	419.3M	380.42M	222.67M	179.79M
Total Operating Expenses	6.91B	5.86B	4.7B	5.76B
Operating Income	270.15M	238.47M	252.86M	313.11M
Total Other Income Expense Net	-6.51M	-2.34M	-65.61M	-58.66M
Ebit	270.15M	238.47M	252.86M	313.11M
Interest Expense	-8.51M	-40.33M	-49.43M	-34.06M
Income Before Tax	263.63M	236.14M	187.25M	254.45M
Income Tax Expense	74.27M	58.89M	31.65M	91.96M
Minority Interest	-	-	-	-
Net Income From Continuing Ops	189.37M	177.24M	155.6M	162.5M
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Charges	-	-	-	-
Other Items	-	-	-	-
Net Income	189.37M	177.24M	155.6M	162.5M
Net Income Applicable To Common Shares	189.37M	177.24M	155.6M	162.5M

Balance Sheet Statement

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

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Cash	2.79M	146.7M	11.68M	6.71M
Net Receivables	1.1B	978.57M	797.19M	921.09M
Inventory	1.02B	1.54B	785.17M	1.56B
Other Current Assets	440.98M	441.58M	500.03M	508.78M
Total Current Assets	2.56B	3.11B	2.1B	3.01B
Property Plant Equipment	650.12M	672.68M	712.12M	681.33M
Intangible Assets	318k	804.5k	1M	1.33M
Other Assets	29.19M	180.61M	154.3M	148.67M
Total Assets	3.24B	3.97B	2.97B	3.84B
Accounts Payable	175.59M	190.94M	139.82M	161.38M
Other Current Liab	152.96M	186.77M	119.62M	157.23M
Other Liab	44.61M	19.09M	51.93M	69.29M
Total Current Liabilities	652.12M	1.58B	682.26M	1.69B
Total Liab	722.35M	1.63B	773.61M	1.76B
Common Stock	254.92M	254.92M	254.92M	254.92M
Treasury Stock	2.26B	4.54M	5.51M	3.02M
Other Stockholder Equity	2.26B	4.54M	5.51M	3.02M
Total Stockholder Equity	2.51B	2.33B	2.19B	2.08B
Net Tangible Assets	2.51B	2.33B	2.19B	2.08B
Long Term Debt	-	-	1.35M	2.07M

Cash Flow Statement

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

	31 Mar 2022	31 Mar 2021	31 Mar 2020	31 Mar 2019
Net Income	189.37M	177.24M	155.6M	162.5M
Depreciation	28.62M	33.24M	35.85M	31.85M
Change To Netincome	45.9M	20.83M	39.43M	42.57M
Change To Account Receivables	-118.13M	-182.04M	123.86M	489.91M
Change To Liabilities	-15.35M	50.95M	-21.8M	-434.93M
Change To Inventory	518.83M	-750.51M	776M	-197.07M
Change To Operating Activities	-24.38M	91.26M	-1.55M	-219.62M
Total Cash From Operating Activities	624.86M	-559.02M	1.11B	-124.8M
Capital Expenditures	-5.3M	-5.7M	-19.81M	-8.64M
Investments	113.6M	-36.4M	-5.01M	-7.85k
Other Cashflows From Investing Activities	1.85M	9.42M	12.86M	11.54M
Total Cashflows From Investing Activities	150.19M	-17.9M	-11.53M	3.05M
Net Borrowings	-876.91M	806.82M	-977.88M	132.87M
Other Cashflows From Financing Activities	-42.06M	-56.64M	-74.77M	-72.96M
Total Cash From Financing Activities	-918.97M	711.94M	-1.09B	21.61M
Change In Cash	-143.91M	135.02M	4.97M	-100.13M
Dividends Paid	-	-38.24M	-38.24M	-38.3M