GAIL (India) Ltd

GAIL (India) Ltd

₹ 189 1.69%
19 May 4:01 p.m.
About

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.

Key Points

Business Overview
GAIL is the largest state-owned natural gas processing and distribution company in India. It has a diversified business portfolio and has interests and has interests in sourcing and trading natural gas, production of LPG, Liquid hydrocarbons,, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL also has interests in India and overseas in Oil and Gas Blocks, Renewable Energy, CGD, CBG, and Green Hydrogeetc. GAIL also has interests in India and overseas in Oil and Gas Blocks, Renewable Energy, CGD, CBG, and Green Hydrogen. [1]

  • Market Cap 1,24,565 Cr.
  • Current Price 189
  • High / Low 246 / 151
  • Stock P/E 11.8
  • Book Value 129
  • Dividend Yield 3.44 %
  • ROCE 14.0 %
  • ROE 13.0 %
  • Face Value 10.0

Pros

  • Stock is providing a good dividend yield of 3.42%.
  • Company has been maintaining a healthy dividend payout of 44.9%

Cons

  • Company has a low return on equity of 12.0% over last 3 years.
  • Earnings include an other income of Rs.5,211 Cr.

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
27,328 37,897 38,680 35,885 33,207 32,789 32,986 34,698 32,756 34,738 33,889 36,835 36,442
23,064 33,350 36,777 35,403 32,651 30,128 29,405 30,490 28,908 29,948 29,952 33,665 32,907
Operating Profit 4,264 4,547 1,904 482 556 2,660 3,580 4,208 3,849 4,790 3,937 3,169 3,535
OPM % 16% 12% 5% 1% 2% 8% 11% 12% 12% 14% 12% 9% 10%
788 419 548 999 871 529 595 915 651 685 643 3,211 672
Interest 57 58 82 120 107 185 200 176 159 209 188 169 182
Depreciation 619 677 695 699 631 722 837 872 1,241 1,152 922 939 786
Profit before tax 4,375 4,230 1,675 662 689 2,283 3,138 4,075 3,099 4,114 3,470 5,272 3,240
Tax % 21% 23% 22% 40% 7% 21% 22% 22% 20% 23% 22% 23% 23%
3,474 3,251 1,305 398 643 1,793 2,442 3,193 2,474 3,183 2,690 4,084 2,506
EPS in Rs 5.19 4.95 2.00 0.63 0.96 2.73 3.72 4.86 3.75 4.84 4.10 6.21 3.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
61,765 60,557 52,053 48,552 54,496 76,190 72,518 57,372 92,770 145,668 133,228 141,903
53,777 54,926 47,517 42,531 46,695 66,252 63,495 50,127 77,608 138,168 118,914 126,472
Operating Profit 7,988 5,631 4,536 6,021 7,802 9,938 9,022 7,245 15,161 7,500 14,314 15,432
OPM % 13% 9% 9% 12% 14% 13% 12% 13% 16% 5% 11% 11%
1,247 945 731 1,212 948 1,719 3,796 2,833 2,925 2,822 2,672 5,211
Interest 669 652 822 509 295 159 309 179 202 365 719 748
Depreciation 1,644 1,433 1,496 1,541 1,527 1,667 2,080 2,174 2,420 2,702 3,672 3,799
Profit before tax 6,922 4,492 2,949 5,183 6,928 9,831 10,429 7,725 15,464 7,256 12,595 16,096
Tax % 32% 32% 37% 35% 31% 33% 9% 20% 20% 23% 21% 23%
4,786 3,160 1,874 3,374 4,805 6,553 9,515 6,143 12,304 5,596 9,903 12,463
EPS in Rs 7.07 4.67 2.76 4.98 7.09 9.68 13.93 9.21 18.40 8.54 15.06 18.93
Dividend Payout % 28% 24% 37% 56% 43% 25% 31% 36% 36% 59% 37% 40%
Compounded Sales Growth
10 Years: 9%
5 Years: 14%
3 Years: 15%
TTM: 7%
Compounded Profit Growth
10 Years: 13%
5 Years: 2%
3 Years: -5%
TTM: 7%
Stock Price CAGR
10 Years: 10%
5 Years: 27%
3 Years: 21%
1 Year: -11%
Return on Equity
10 Years: 13%
5 Years: 14%
3 Years: 12%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 1,268 1,268 1,268 1,691 2,255 2,255 4,510 4,440 4,440 6,575 6,575 6,575
Reserves 31,188 32,754 35,135 37,614 39,424 43,749 44,758 48,742 59,674 58,352 70,422 78,422
18,537 18,291 9,052 6,553 3,876 2,224 6,912 7,873 9,216 17,816 21,794 21,595
15,872 17,355 13,608 12,433 15,798 20,199 18,754 19,975 23,254 25,062 25,944 26,556
Total Liabilities 66,865 69,669 59,063 58,291 61,353 68,426 74,934 81,030 96,584 107,805 124,735 133,149
27,779 33,976 29,946 30,092 30,480 32,700 38,230 41,160 44,572 49,697 55,188 58,836
CWIP 18,490 13,806 3,688 4,126 5,938 9,738 11,666 13,400 15,490 16,646 23,627 27,421
Investments 1,282 1,272 9,844 10,125 10,452 10,722 9,893 13,058 16,408 17,248 21,910 22,765
19,314 20,615 15,584 13,948 14,482 15,267 15,145 13,413 20,114 24,214 24,010 24,128
Total Assets 66,865 69,669 59,063 58,291 61,353 68,426 74,934 81,030 96,584 107,805 124,735 133,149

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
4,615 4,214 3,960 6,024 8,769 7,984 8,345 8,993 9,420 3,205 12,586 15,735
-4,466 -2,809 -904 -334 -2,660 -5,701 -8,299 -4,640 -5,490 -7,453 -8,226 -6,738
-3 -3,058 -3,028 -5,275 -5,252 -3,364 281 -3,471 -3,917 2,972 -3,457 -8,941
Net Cash Flow 146 -1,653 29 415 858 -1,081 328 882 13 -1,276 902 56

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 20 19 19 21 23 21 24 22 29 27 26 24
Inventory Days 20 18 14 17 17 16 21 25 19 17 20 20
Days Payable 33 26 25 27 35 24 25 37 28 20 22 24
Cash Conversion Cycle 8 12 8 11 6 13 20 10 20 23 24 20
Working Capital Days -4 -5 -11 -4 -17 0 3 -10 5 14 10 9
ROCE % 15% 10% 8% 12% 16% 22% 20% 13% 23% 10% 15% 14%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.89% 51.90% 51.91% 51.91% 51.91% 51.91% 51.90% 51.90% 51.92% 51.92% 51.90% 51.88%
19.92% 19.79% 18.04% 16.40% 16.09% 14.76% 14.24% 14.17% 15.20% 16.79% 16.05% 14.79%
15.30% 13.93% 15.97% 17.93% 18.06% 19.14% 19.37% 19.56% 18.13% 16.92% 17.59% 19.02%
8.04% 7.91% 7.91% 7.93% 7.93% 7.91% 7.92% 7.63% 7.63% 7.62% 7.61% 7.61%
4.86% 6.47% 6.18% 5.83% 6.01% 6.30% 6.58% 6.75% 7.14% 6.76% 6.84% 6.68%
No. of Shareholders 7,75,6019,64,1229,52,7179,25,2229,07,3399,45,49810,11,14512,27,20915,17,62215,50,41616,02,02816,71,482

* 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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