Gagan Gases Ltd

₹ 19.5 0.83%

10 Jul - close price

About

Incorporated in 1986, Gagan Gases Ltd is engaged in the business of LPG Bottling.^[1]

Key Points

Business Overview:^[1]^[2]
a) GGL operates a LPG bottling plant in Pithampur, Dist Dhar, in the private sector and markets LPG in 17 / 21 / 33 kg cylinders.
b) It specializes in the marketing of Commercial and Industrial LPG.
c) The company is also engaged in providing LPG Bottling and cylinder filling assistance to Reliance Petro Marketing Ltd and Aegis Gas.
d) The company also sells LPG in its own cylinder

Website BSE

Market Cap ₹ 8.82 Cr.
Current Price ₹ 19.5
High / Low ₹ 37.7 / 11.9
Stock P/E 63.0
Book Value ₹ 7.64
Dividend Yield 0.00 %
ROCE 5.57 %
ROE 4.14 %
Face Value ₹ 10.0

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Pros

Cons

Stock is trading at 2.56 times its book value
Promoter holding is low: 38.8%
Company has a low return on equity of 4.91% over last 3 years.
Working capital days have increased from 81.5 days to 180 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Industrial Gases

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	0.34	0.34	0.55	0.60	0.64	1.34	1.43	1.86	1.05	0.86	1.65	1.71	1.81
	0.32	0.39	0.50	0.52	0.56	1.34	1.33	1.74	0.93	0.91	1.64	1.61	1.65
Operating Profit	0.02	-0.05	0.05	0.08	0.08	0.00	0.10	0.12	0.12	-0.05	0.01	0.10	0.16
OPM %	5.88%	-14.71%	9.09%	13.33%	12.50%	0.00%	6.99%	6.45%	11.43%	-5.81%	0.61%	5.85%	8.84%
	0.05	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.11	0.00	0.00	0.00	0.06
Interest	0.04	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.03
Depreciation	0.01	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01
Profit before tax	0.02	-0.07	0.03	0.06	0.05	-0.02	0.08	0.10	0.18	-0.07	-0.01	0.08	0.18
Tax %	200.00%	0.00%	0.00%	0.00%	60.00%	0.00%	0.00%	10.00%	38.89%	0.00%	0.00%	0.00%	27.78%
	-0.02	-0.06	0.04	0.07	0.02	-0.01	0.08	0.09	0.11	-0.07	-0.01	0.08	0.13
EPS in Rs	-0.04	-0.13	0.09	0.15	0.04	-0.02	0.18	0.20	0.24	-0.15	-0.02	0.18	0.29
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1.56	1.15	0.58	0.48	0.57	1.25	2.17	2.90	2.21	2.13	5.69	6.03
	1.48	1.01	0.39	0.44	0.38	1.15	1.89	2.52	2.00	1.96	5.35	5.82
Operating Profit	0.08	0.14	0.19	0.04	0.19	0.10	0.28	0.38	0.21	0.17	0.34	0.21
OPM %	5.13%	12.17%	32.76%	8.33%	33.33%	8.00%	12.90%	13.10%	9.50%	7.98%	5.98%	3.48%
	0.09	0.08	0.01	0.01	0.02	0.02	0.02	0.01	2.36	0.03	0.11	0.06
Interest	0.03	0.01	0.01	0.00	0.00	0.01	0.07	0.05	0.05	0.04	0.03	0.03
Depreciation	0.07	0.07	0.06	0.06	0.05	0.06	0.07	0.07	0.07	0.07	0.07	0.06
Profit before tax	0.07	0.14	0.13	-0.01	0.16	0.05	0.16	0.27	2.45	0.09	0.35	0.18
Tax %	-28.57%	14.29%	15.38%	-100.00%	12.50%	0.00%	81.25%	81.48%	24.08%	33.33%	25.71%	27.78%
	0.09	0.12	0.11	0.00	0.14	0.05	0.03	0.06	1.87	0.06	0.27	0.14
EPS in Rs	0.20	0.27	0.24	0.00	0.31	0.11	0.07	0.13	4.14	0.13	0.60	0.31
Dividend Payout %	0.00%	0.00%	0.00%		0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	18%
5 Years:	23%
3 Years:	40%
TTM:	6%

Compounded Profit Growth
10 Years:	2%
5 Years:	36%
3 Years:	0%
TTM:	-48%

Stock Price CAGR
10 Years:	9%
5 Years:	5%
3 Years:	16%
1 Year:	-11%

Return on Equity
10 Years:	5%
5 Years:	5%
3 Years:	5%
Last Year:	4%

Balance Sheet

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.52	4.52	4.52	4.52	4.52	4.52	4.52	4.52	4.52	4.52	4.52	4.52
Reserves	-3.71	-3.58	-3.47	-3.47	-3.33	-3.28	-3.46	-3.40	-1.53	-1.47	-1.21	-1.07
	0.45	0.13	0.01	0.09	0.02	0.33	0.65	0.48	0.37	0.39	0.39	0.39
	0.21	0.23	0.22	0.20	0.24	0.23	0.28	0.34	0.78	0.20	0.20	0.22
Total Liabilities	1.47	1.30	1.28	1.34	1.45	1.80	1.99	1.94	4.14	3.64	3.90	4.06
	0.96	0.88	0.81	0.75	0.70	0.72	0.93	0.86	0.67	0.60	0.54	0.48
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.14	0.00	0.00	0.00	2.36	2.27	2.45	0.00
	0.51	0.42	0.47	0.59	0.61	1.08	1.06	1.08	1.11	0.77	0.91	3.58
Total Assets	1.47	1.30	1.28	1.34	1.45	1.80	1.99	1.94	4.14	3.64	3.90	4.06

Cash Flows

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0.29	0.23	0.16	0.03	0.16	-0.28	0.28	0.11	-0.03	0.09	0.26	-0.13
	0.00	0.02	0.00	0.00	-0.13	0.04	0.01	0.01	0.13	0.12	-0.07	0.06
	-0.25	-0.31	-0.13	0.07	-0.06	0.29	-0.20	-0.23	-0.15	-0.02	-0.03	-0.03
Net Cash Flow	0.04	-0.06	0.03	0.11	-0.03	0.05	0.09	-0.12	-0.05	0.20	0.16	-0.10
Free Cash Flow	0.29	0.25	0.16	0.03	0.16	-0.35	0.24	0.11	0.09	0.09	0.25	-0.12
CFO/OP	375%	186%	100%	75%	100%	-270%	111%	53%	271%	71%	103%	-33%

Ratios

Figures in Rs. Crores

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	44.46	50.78	100.69	121.67	121.67	140.16	85.78	47.83	36.33	35.99	17.96	34.50
Inventory Days	3.23	0.00	0.00			44.92	21.75	66.05	33.42	42.12	0.00	6.72
Days Payable	3.23					5.62	0.00	0.00	2.57	5.62		1.49
Cash Conversion Cycle	44.46	50.78	100.69	121.67	121.67	179.47	107.54	113.88	67.18	72.49	17.96	39.73
Working Capital Days	7.02	-6.35	88.10	121.67	108.86	160.60	89.15	90.62	41.29	47.98	16.04	180.38
ROCE %	7.52%	11.16%	13.15%	-0.91%	13.62%	4.32%	14.02%	19.34%	8.06%	3.82%	10.64%	5.57%

Insights

In beta

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Share of Bottling Services in Total Revenue
%

xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	x.xx
x.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
	xx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx	xxx.xx

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Share of LPG Product Sales in Total Revenue
%

Raw Material Consumed (LPG)
INR Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	36.04%	36.54%	36.71%	36.93%	37.78%	38.43%	38.59%	38.77%	38.89%	39.01%	39.01%	38.76%
	0.07%	0.07%	0.07%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	63.88%	63.40%	63.22%	63.05%	62.21%	61.57%	61.40%	61.22%	61.10%	60.99%	60.99%	61.24%
No. of Shareholders	7,148	7,287	7,324	7,571	7,948	8,020	8,584	8,666	8,596	8,552	8,449	8,765

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31.63%	31.56%	31.56%	34.29%	34.63%	34.13%	35.95%	36.93%	38.77%	38.76%
	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.07%	0.01%	0.01%	0.01%
	68.30%	68.37%	68.37%	65.64%	65.30%	65.80%	63.97%	63.05%	61.22%	61.24%
No. of Shareholders	5,778	5,609	5,574	5,556	5,613	7,150	7,187	7,571	8,666	8,765

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Gagan Gases Ltd

Gagan Gases Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports