GAIL (India) Ltd
Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.
- Market Cap ₹ 60,789 Cr.
- Current Price ₹ 137
- High / Low ₹ 174 / 125
- Stock P/E 4.96
- Book Value ₹ 144
- Dividend Yield 6.57 %
- ROCE 23.3 %
- ROE 20.9 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.95 times its book value
- Stock is providing a good dividend yield of 6.57%.
- Company is expected to give good quarter
- Company has delivered good profit growth of 30.53% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 28.31%
Cons
* 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
Sector: Gas Distribution Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35,070 | 44,093 | 50,974 | 61,765 | 60,557 | 52,053 | 48,552 | 54,496 | 76,190 | 72,518 | 57,372 | 92,770 | |
28,523 | 37,054 | 43,547 | 53,777 | 54,926 | 47,517 | 42,531 | 46,695 | 66,252 | 63,495 | 50,127 | 77,618 | |
Operating Profit | 6,547 | 7,040 | 7,427 | 7,988 | 5,631 | 4,536 | 6,021 | 7,802 | 9,938 | 9,022 | 7,245 | 15,152 |
OPM % | 19% | 16% | 15% | 13% | 9% | 9% | 12% | 14% | 13% | 12% | 13% | 16% |
508 | 722 | 887 | 1,247 | 945 | 731 | 1,212 | 948 | 1,719 | 3,796 | 2,834 | 2,935 | |
Interest | 378 | 366 | 437 | 669 | 652 | 822 | 509 | 295 | 159 | 309 | 179 | 202 |
Depreciation | 878 | 1,041 | 1,319 | 1,644 | 1,433 | 1,496 | 1,541 | 1,527 | 1,667 | 2,080 | 2,174 | 2,420 |
Profit before tax | 5,799 | 6,355 | 6,558 | 6,922 | 4,492 | 2,949 | 5,183 | 6,928 | 9,831 | 10,429 | 7,725 | 15,464 |
Tax % | 31% | 31% | 34% | 32% | 32% | 37% | 35% | 31% | 33% | 9% | 20% | 20% |
Net Profit | 4,021 | 4,444 | 4,374 | 4,786 | 3,160 | 1,869 | 3,368 | 4,799 | 6,546 | 9,422 | 6,136 | 12,256 |
EPS in Rs | 8.92 | 9.85 | 9.70 | 10.61 | 7.01 | 4.14 | 7.47 | 10.64 | 14.51 | 20.89 | 13.82 | 27.60 |
Dividend Payout % | 24% | 25% | 28% | 28% | 24% | 37% | 56% | 43% | 25% | 31% | 36% | 18% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 14% |
3 Years: | 7% |
TTM: | 62% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 31% |
3 Years: | 22% |
TTM: | 100% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 0% |
3 Years: | -4% |
1 Year: | -11% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 16% |
3 Years: | 18% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,268 | 1,268 | 1,268 | 1,268 | 1,268 | 1,268 | 1,691 | 2,255 | 2,255 | 4,510 | 4,440 | 4,440 | |
Reserves | 19,945 | 23,646 | 27,526 | 31,188 | 32,754 | 35,135 | 37,614 | 39,424 | 43,749 | 44,758 | 48,742 | 59,674 |
6,904 | 11,506 | 16,472 | 18,537 | 18,291 | 9,052 | 6,553 | 3,876 | 2,224 | 6,912 | 7,873 | 9,216 | |
12,034 | 11,479 | 14,542 | 15,872 | 17,355 | 13,608 | 12,433 | 15,798 | 20,199 | 18,754 | 20,350 | 23,229 | |
Total Liabilities | 40,152 | 47,899 | 59,809 | 66,865 | 69,669 | 59,063 | 58,291 | 61,353 | 68,426 | 74,934 | 81,405 | 96,559 |
15,962 | 19,863 | 24,303 | 25,995 | 32,143 | 29,946 | 28,302 | 28,860 | 31,475 | 37,121 | 40,188 | 44,572 | |
CWIP | 10,585 | 14,705 | 18,376 | 18,490 | 13,806 | 3,688 | 4,126 | 5,938 | 9,738 | 11,666 | 13,400 | 15,490 |
Investments | 1,236 | 1,183 | 1,254 | 1,282 | 1,272 | 9,844 | 10,125 | 10,452 | 10,722 | 9,893 | 13,058 | 16,408 |
12,368 | 12,148 | 15,876 | 21,099 | 22,448 | 15,584 | 15,737 | 16,102 | 16,493 | 16,253 | 14,760 | 20,089 | |
Total Assets | 40,152 | 47,899 | 59,809 | 66,865 | 69,669 | 59,063 | 58,291 | 61,353 | 68,426 | 74,934 | 81,405 | 96,559 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,608 | 5,111 | 6,603 | 4,615 | 4,214 | 3,960 | 6,024 | 8,769 | 7,984 | 8,345 | 8,993 | 9,629 | |
-7,036 | -9,443 | -8,626 | -4,466 | -2,809 | -904 | -334 | -2,660 | -5,701 | -8,299 | -4,640 | -5,646 | |
463 | 3,194 | 3,642 | -3 | -3,058 | -3,028 | -5,275 | -5,252 | -3,364 | 281 | -3,471 | -3,916 | |
Net Cash Flow | -1,964 | -1,138 | 1,618 | 146 | -1,653 | 29 | 415 | 858 | -1,081 | 328 | 882 | 67 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 20 | 19 | 20 | 20 | 19 | 19 | 21 | 23 | 21 | 24 | 22 | 29 |
Inventory Days | 16 | 20 | 18 | 20 | 18 | 14 | 17 | 17 | 16 | 21 | 25 | 19 |
Days Payable | 33 | 31 | 33 | 33 | 26 | 25 | 27 | 35 | 24 | 25 | 37 | 28 |
Cash Conversion Cycle | 4 | 8 | 5 | 8 | 12 | 8 | 11 | 6 | 13 | 20 | 10 | 20 |
Working Capital Days | -20 | -13 | -19 | -4 | -5 | -11 | -4 | -17 | 0 | 3 | -15 | 5 |
ROCE % | 24% | 21% | 17% | 15% | 10% | 8% | 12% | 16% | 22% | 21% | 13% | 23% |
Documents
Announcements
- Closure of Trading Window 3h
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 Jun - Copy of Press Release on "GAIL to enter distributed LNG production business. Endeavour to meet demand from off-grid locations and transport sector".
- Completion Of Extinguishment Of 5,69,85,463 Fully Paid Up Equity Shares Of Rs. 10/- Each Of GAIL (India) Limited ('Company') And Reconciliation Of The Share Capital Of The Company 21 Jun
-
Corporate Action-Updates on Buy back
21 Jun - Completion of extinguishment of 5,69,85,463 fully paid up equity shares of Rs. 10/- each of GAIL (India) Limited ('Company') and reconciliation of the Share Capital …
- Disclosure Under Regulation 7(2) Read With Regulation 6 (2) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015 20 Jun
Annual reports
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Revenue mix%[1]
Natural gas trading/marketing - 76.5%
Petrochemicals - 7.5%
Natural gas transmission - 7.5%
LPG & other liquid hydrocarbon - 5%
LPG transmission - 1%
City gas - 0.83%
Other - 1.4%