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Paschim Gujarat Vij Company Limited
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Registered Details

PASCHIM GUJARAT VIJ COMPANY LIMITED

All Companies ›

Gujarat ›

Electricity, Gas & Water ›

Active

Updated: 03 Sep 2026

Paschim Gujarat Vij Company Limited is a regional electricity distribution company that operates in the western part of India, primarily serving the states of Gujarat. It offers a range of services including electricity distribution, transmission, and customer management, ensuring reliable power supply and supporting economic growth in the areas it serves.

Paschim Gujarat Vij Company Limited, is an unlisted public company incorporated on 15 September, 2003. It is classified as a State government company and is located in Rajkot, Gujarat. It's authorized share capital is INR 15,000.00 cr and the total paid-up capital is INR 10,060.98 cr.

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Industry and products

Electricity, Gas & Water

Mechanical Load Tester and Portable Electro Luminescence Tester., Environment Chamber, Sun Simulator, Grid Utility Scale, Operation And Maintenance

Company size

Auth Capital

₹ 15,000.0 Cr

Paidup Capital

₹ 10,061.0 Cr

Revenue

₹ >5000 cr

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

12.99%

₹ 28,376.3

EBITDA

659.24%

₹ 3,551.5

Net Profit

5277.54%

₹ 1,834.3

Networth

21.15%

₹ 13,107.5

Borrowings

-73.53%

₹ 12.4

Assets

19.26%

₹ 23,610.4

Gross Margin

10.78

19.1 %

Operating Margin

10.84

12.8 %

Net Profit Margin

6.32

6.5 %

Return on Equity

13.67

14.0 %

ROCE

14.49

11.7 %

Debt to Equity

0.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (3)

State	Type	Address

Locations on Map

People

Designation	Name	DIN/PAN	Tenure
Managing Director	Preeti Sharma	09436715	1 years
Nominee Director	Kamlesh Kumar Jangid	06401190	3 years
Nominee Director	Shalini Shivkumar Agarwal	08172014	0 years

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	17,643.6	17,162.4	20,587.9	24,443.4	27,857.5
Operating profit	869.6	976.0	1,183.0	467.8	3,551.5
Net profit	226.6	188.8	96.6	34.1	1,834.3
Gross margin	11.9	12.8	12.9	8.3	19.1
Operating margin	4.9	5.7	5.8	1.9	12.8
Net margin	1.3	1.1	0.5	0.1	6.5
Networth	9,038.3	9,535.0	9,877.7	10,819.2	13,107.5
Borrowings	163.5	140.4	65.6	46.7	12.4
Assets	16,515.2	18,192.8	18,309.2	19,798.1	23,610.4
Debt to equity	0.0	0.0	0.0	0.0	0.0
Current ratio	2.3	2.4	3.8	4.1	4.7
ROE	2.5	2.0	1.0	0.3	14.0
Days payable	0.0	0.0	0.0	0.0	3.0
WC days	43.0	63.0	70.0	72.0	96.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	7,343.3	7,705.2	8,089.0	8,653.8	8,969.9
Reserves	1,694.9	1,829.8	1,788.7	2,165.3	4,137.6
Borrowings +	163.5	140.4	65.6	46.7	12.4
Long term borrowings	163.5	140.4	46.7	30.1	10.7
Short term borrowings	-	-	18.9	16.6	1.6
Trade payables +	5.8	15.1	22.8	25.9	214.1
Days payable	0.0	0.0	0.0	0.0	3.0
Other liabilities +	7,307.6	8,502.3	8,343.1	8,906.3	10,276.4
Other non-current liabilities	5,698.7	6,372.5	6,982.1	7,397.3	8,487.2
Other current liabilities	1,608.9	2,129.8	1,361.0	1,509.0	1,789.3
Total liabilities	16,515.2	18,192.8	18,309.2	19,798.1	23,610.4
Fixed Assets +	12,666.5	12,925.4	12,809.8	13,280.5	14,127.2
Tangible assets	12,496.8	12,756.8	12,679.9	13,139.4	13,821.9
CWIP	169.7	168.7	129.9	141.1	305.2
Intangible assets	-	-	-	-	-
LT loans and advances	19.0	15.1	11.9	12.3	13.9
Other non-current assets	141.7	160.9	125.9	112.0	119.2
Current assets +	3,688.0	5,091.4	5,361.6	6,393.4	9,350.0
Inventories	938.5	818.5	577.5	895.2	781.2
Trade receivables	1,927.7	1,963.4	1,179.9	1,310.5	1,642.0
Cash and cash equivalents	40.6	140.5	113.6	116.9	99.4
ST loans and advances	7.3	8.2	6.3	6.8	7.3
Other current assets	773.9	2,160.8	3,484.4	4,064.0	6,820.1
Total assets	16,515.2	18,192.8	18,309.2	19,798.1	23,610.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	44.46	42.35	44.18	43.71	37.99
Reserves	10.26	10.06	9.77	10.94	17.52
Borrowings +	0.99	0.77	0.36	0.24	0.05
Long term borrowings	0.99	0.77	0.26	0.15	0.05
Short term borrowings	0.0	0.0	0.1	0.08	0.01
Trade payables	0.04	0.08	0.12	0.13	0.91
Other liabilities +	44.28	46.82	45.69	45.12	44.43
Other non-current liabilities	34.51	35.03	38.13	37.36	35.95
Other current liabilities	9.74	11.71	7.43	7.62	7.58
Total liabilities
Fixed Assets +	76.7	71.05	69.96	67.08	59.83
Tangible assets	75.67	70.12	69.25	66.37	58.54
CWIP	1.03	0.93	0.71	0.71	1.29
Intangible assets	0.0	0.0	0.0	0.0	0.0
LT loans and advances	0.11	0.08	0.06	0.06	0.06
Other non-current assets	0.86	0.88	0.69	0.57	0.51
Current assets +	22.33	27.99	29.28	32.29	39.6
Inventories	5.68	4.5	3.15	4.52	3.31
Trade receivables	11.67	10.79	6.44	6.62	6.95
Cash and cash equivalents	0.25	0.77	0.62	0.59	0.42
ST loans and advances	0.04	0.05	0.03	0.03	0.03
Other current assets	4.69	11.88	19.03	20.53	28.89
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	17,643.6	17,162.4	20,587.9	24,443.4	27,857.5
Sales growth %	2.99	-2.73	19.96	18.73	13.97
Expenses +	17,781.3	17,221.8	20,447.5	25,060.6	25,559.8
Cost of goods	15,534.6	14,967.1	17,936.2	22,406.6	22,533.1
Employee cost	745.1	808.8	1,013.6	980.1	1,150.9
Other costs	494.3	410.6	455.1	588.9	621.9
Operating profit +	869.6	976.0	1,183.0	467.8	3,551.5
Operating margin %	4.9	5.7	5.8	1.9	12.8
Other income	326.6	294.9	523.4	670.7	518.9
Interest	158.9	134.8	108.2	118.1	223.9
Depreciation	848.3	900.6	934.4	966.8	1,030.0
Exceptional items	-	-	-430.1	-	47.8
Profit before tax	188.9	235.6	233.7	53.5	2,864.3
Tax	-37.7	46.8	137.1	19.4	1,030.0
Profit - disc. ops	-	-	-	-	-
Net profit	226.6	188.8	96.6	34.1	1,834.3
Net margin %	1.3	1.1	0.5	0.1	6.5

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.18	98.31	97.52	97.33	98.17
Expenses +	98.95	98.65	96.86	99.79	90.07
Cost of goods	86.45	85.74	84.96	89.22	79.41
Employee cost	4.15	4.63	4.8	3.9	4.06
Other costs	2.75	2.35	2.16	2.35	2.19
Operating profit	4.84	5.59	5.6	1.86	12.52
Other income	1.82	1.69	2.48	2.67	1.83
Interest	0.88	0.77	0.51	0.47	0.79
Depreciation	4.72	5.16	4.43	3.85	3.63
Exceptional items	0.0	0.0	-2.04	0.0	0.17
Profit before tax	1.05	1.35	1.11	0.21	10.09
Tax	-0.21	0.27	0.65	0.08	3.63
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	1.26	1.08	0.46	0.14	6.46

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.0	0.0	0.0	0.0	0.0
Net Debt/Equity	0.0	0.0	0.0	0.0	0.0
Total Debt/Assets	0.0	0.0	0.0	0.0	0.0
Total Assets/Equity	1.8	1.9	1.9	1.8	1.8
Liquidity +
Current Ratio	2.3	2.4	3.8	4.1	4.7
Quick Ratio	1.7	2.0	3.4	3.5	4.3
Interest Coverage	5.5	7.2	10.9	4.0	15.9
Performance
Gross Margin	11.9	12.8	12.9	8.3	19.1
Operating Margin	4.9	5.7	5.8	1.9	12.8
Net Margin	1.3	1.1	0.5	0.1	6.5
Return +
Return on Equity	2.5	2.0	1.0	0.3	14.0
Pre-tax ROCE	0.1	0.5	1.5	-2.8	11.7
Return on Assets	1.4	1.0	0.5	0.2	7.8
Pre-tax ROIC	0.2	0.8	2.5	-4.6	19.2
Efficiency +
Days Payable	0.0	0.0	0.0	0.0	3.0
Days Inventory	22.0	20.0	12.0	15.0	13.0
Days Receivable	40.0	42.0	21.0	20.0	22.0
Fixed Asset Turnover	1.4	1.3	1.6	1.8	2.0
Total Asset Turnover	1.1	0.9	1.1	1.2	1.2
Working Capital
Cash Conversion Cycle	62.0	62.0	33.0	35.0	32.0
Working Capital Days	43.0	63.0	70.0	72.0	96.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
DEOGHAR MEGA POWER LIMITED	Active	5.0 L	1	Delhi
DEOGHAR INFRA LIMITED	Active	5.0 L	1	Delhi
GUJARAT URJA VIKAS NIGAM LIMITED	Active	45,589.6 Cr	3	Gujarat
GUJARAT STATE ELECTRICITY CORPORATION LIMITED	Active	3,327.8 Cr	3	Gujarat
GUJARAT ENERGY TRANSMISSION CORPORATION LIMITED	Active	1,223.6 Cr	3	Gujarat
UTTAR GUJARAT VIJ COMPANY LIMITED	Active	851.8 Cr	3	Gujarat
DAKSHIN GUJARAT VIJ COMPANY LIMITED	Active	667.2 Cr	3	Gujarat
MADHYA GUJARAT VIJ COMPANY LIMITED	Active	638.4 Cr	3	Gujarat
SURAT SMART CITY DEVELOPMENT LIMITED	Active	200.0 Cr	1	Gujarat
SURAT INTEGRATED TRANSPORTATION DEVELOPMENT CORPORATION LIMITED	Active	10.0 Cr	1	Gujarat
URBAN RING DEVELOPMENT CORPORATION LIMITED	Active	10.0 Cr	1	Gujarat
DIAMOND RESEARCH AND MERCANTILE CITY LIMITED	Active	100.0 Cr	1	Gujarat
VMC SPORTS PROMOTION FOUNDATION	Active	50,000.0	1	Gujarat
TAPI RIVERFRONT DEVELOPMENT CORPORATION LIMITED	Active	10.0 Cr	1	Gujarat

Tofler Score

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Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

No risks identified

Moderate Risk

LOW CASH BALANCE

Low Risk

LOW INVENTORY

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Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

CIN

U40102GJ2003SGC042908

Incorporation

2003, 23.0 years

Company Email

cs.pgvcl@gebmail.com

Paid up Capital

₹ 10,061.0 Cr

Authorised Capital

₹ 15,000.0 Cr

AGM

Dec 2025

Type

Public

State Government Company

FAQ - PASCHIM GUJARAT VIJ COMPANY LIMITED

What is the incorporation date of PASCHIM GUJARAT VIJ COMPANY LIMITED?

The incorporation date of PASCHIM GUJARAT VIJ COMPANY LIMITED is 15 September, 2003

What is the authorized share capital of PASCHIM GUJARAT VIJ COMPANY LIMITED?

The authorized share capital of PASCHIM GUJARAT VIJ COMPANY LIMITED is INR ₹ 15,000.0 Cr.

What is the paid-up capital of PASCHIM GUJARAT VIJ COMPANY LIMITED?

The paid-up capital of PASCHIM GUJARAT VIJ COMPANY LIMITED is INR ₹ 10,061.0 Cr.

What is the registered address of PASCHIM GUJARAT VIJ COMPANY LIMITED?

The registered address of PASCHIM GUJARAT VIJ COMPANY LIMITED is PASCHIMGUJARATVIJSEVASADAN,OFFNANAMAVAMAINROAD,LAXMINAGAR RAJKOT Gujarat - 360004

What is the CIN number of PASCHIM GUJARAT VIJ COMPANY LIMITED?

The CIN number of PASCHIM GUJARAT VIJ COMPANY LIMITED is U40102GJ2003SGC042908.

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