GAIL (India) Ltd

GAIL (India) is also engaged in the business of Oil and Gas Exploration and Production to increase the access to gas supplies through equity and joint venture participations.(Source : 201903 Annual Report Page No: 204)

Pros:
Company has reduced debt.
Company is virtually debt free.
Stock is trading at 1.06 times its book value
Stock is providing a good dividend yield of 3.21%.
Company has been maintaining a healthy dividend payout of 41.18%
Cons:
The company has delivered a poor growth of 4.29% over past five years.
Company has a low return on equity of 12.07% for last 3 years.
Promoter holding has decreased by -3.92% over last 3 years.

Peer Comparison Sector: Gas Distribution // Industry: Miscellaneous

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019
17,564 19,343 20,218 19,065 18,467 18,235
15,229 16,566 17,417 17,310 16,110 16,581
Operating Profit 2,335 2,777 2,800 1,756 2,358 1,654
OPM % 13% 14% 14% 9% 13% 9%
Other Income 361 358 288 983 417 554
Interest 53 49 33 24 30 33
Depreciation 409 385 385 487 437 469
Profit before tax 2,234 2,701 2,670 2,227 2,307 1,706
Tax % 35% 34% 33% 32% 35% 32%
Net Profit 1,442 1,787 1,795 1,522 1,502 1,167
EPS in Rs 3.20 3.97 3.98 3.38 3.33 2.59
Notes Notes Notes Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
18,824 24,639 26,929 35,070 44,093 50,974 61,765 60,557 52,053 48,552 54,496 76,190 75,986
14,499 20,208 21,464 28,508 37,054 43,547 53,780 54,923 47,524 42,537 46,701 66,283 67,419
Operating Profit 4,326 4,431 5,465 6,562 7,040 7,427 7,985 5,635 4,529 6,015 7,796 9,907 8,567
OPM % 23% 18% 20% 19% 16% 15% 13% 9% 9% 12% 14% 13% 11%
Other Income 589 798 572 493 722 887 1,250 942 737 1,218 954 1,751 2,241
Interest 149 231 385 378 366 437 669 652 822 509 295 159 120
Depreciation 663 718 829 878 1,041 1,319 1,644 1,433 1,496 1,541 1,527 1,667 1,778
Profit before tax 4,102 4,280 4,823 5,799 6,355 6,558 6,922 4,492 2,949 5,183 6,928 9,831 8,911
Tax % 33% 35% 32% 31% 31% 34% 32% 32% 37% 35% 31% 33%
Net Profit 2,783 2,826 3,328 4,021 4,444 4,374 4,786 3,160 1,869 3,368 4,799 6,546 5,986
EPS in Rs 5.84 5.93 7.03 8.57 9.46 9.25 10.11 6.67 4.15 7.47 10.64 14.52 13.28
Dividend Payout % 32% 31% 29% 24% 25% 28% 28% 24% 37% 56% 43% 25%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:11.95%
5 Years:4.29%
3 Years:13.54%
TTM:39.81%
Compounded Profit Growth
10 Years:8.92%
5 Years:7.94%
3 Years:52.83%
TTM:39.37%
Stock Price CAGR
10 Years:-0.53%
5 Years:-1.43%
3 Years:-2.76%
1 Year:-33.22%
Return on Equity
10 Years:13.18%
5 Years:10.36%
3 Years:12.07%
Last Year:15.30%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
846 1,268 1,268 1,268 1,268 1,268 1,268 1,268 1,268 1,691 2,255 2,255 4,510
Reserves 12,707 14,132 16,541 19,945 23,646 27,526 31,188 32,754 35,135 37,614 39,424 43,749 42,916
Borrowings 3,787 3,824 5,413 6,904 11,506 16,472 18,537 18,291 9,052 6,553 3,876 3,467 1,949
7,972 10,325 12,857 12,636 13,728 17,718 19,209 20,489 14,728 13,381 16,485 19,259 20,885
Total Liabilities 25,311 29,550 36,080 40,754 50,148 62,985 70,203 72,803 60,183 59,239 62,040 68,730 70,260
11,076 11,119 15,330 15,962 19,863 24,303 25,995 32,143 29,946 28,302 28,860 31,475 33,688
CWIP 2,286 4,188 4,882 10,585 14,705 18,376 18,490 13,806 3,688 4,126 5,938 9,738 10,862
Investments 1,023 1,026 1,065 1,236 1,183 1,254 1,282 1,272 9,844 10,125 10,452 10,626 10,514
10,927 13,218 14,803 12,970 14,398 19,052 24,436 25,581 16,704 16,685 16,790 16,891 15,195
Total Assets 25,311 29,550 36,080 40,754 50,148 62,985 70,203 72,803 60,183 59,239 62,040 68,730 70,260

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
3,781 2,850 5,636 4,608 5,111 6,603 4,615 4,214 3,960 6,024 8,769 7,984
-1,292 -2,368 -5,518 -7,036 -9,443 -8,626 -4,466 -2,809 -904 -334 -2,660 -5,701
-595 -1,332 649 463 3,194 3,642 -3 -3,058 -3,028 -5,275 -5,252 -3,364
Net Cash Flow 1,894 -851 768 -1,964 -1,138 1,618 146 -1,653 29 415 858 -1,081

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 26% 25% 25% 24% 21% 17% 15% 10% 8% 12% 16% 22%
Debtor Days 22 24 20 20 19 20 20 19 19 21 23 21
Inventory Turnover 30.00 36.37 34.03 36.60 31.37 27.76 27.27 24.28 25.88 28.80 29.63 34.07