Gujarat Energy Ltd

Gujarat Energy Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Energy Ltd

₹ 298 -0.65%
03 Jul 4:10 p.m.
gujaratgas.com BSE: 539336 NSE: GUJENERGY
About

Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India. The business of natural gas involves distribution of gas from sources of supply to centres of demand and to end customers. [1]
GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra. [2]

Key Points

Business Restructuring[1] [2]
The company completed the composite Scheme of Arrangement of the GSPC Group in May 2026. Under the scheme, Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet Ltd (GSPL), and GSPC Energy Ltd were amalgamated into the company, creating an integrated energy company with businesses spanning city gas distribution, gas trading, exploration & production (E&P), renewable energy, and strategic investments. Subsequently, the company was renamed Gujarat Energy Ltd. As part of the restructuring, the gas transmission business was demerged into GSPL Transmission Ltd (GTL), which is being listed separately on the stock exchanges.

Website BSE NSE - BE
  • Market Cap ₹ 27,969 Cr.
  • Current Price ₹ 298
  • High / Low ₹ 433 / 262
  • Stock P/E 11.9
  • Book Value ₹ 269
  • Dividend Yield 1.95 %
  • ROCE 23.4 %
  • ROE 17.4 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Stock is trading at 1.11 times its book value
  • Company has been maintaining a healthy dividend payout of 34.6%

Cons

  • Promoter holding has decreased over last quarter: -22.0%
  • Working capital days have increased from 6.32 days to 62.1 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

Energy Oil, Gas & Consumable Fuels Gas LPG/CNG/PNG/LNG Supplier

Part of BSE 500 BSE PSU BSE Energy BSE 250 SmallCap Index BSE 400 MidSmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
3,929 3,782 3,845 3,929 4,134 4,450 3,782 4,153 4,102 3,871 3,780 3,658 5,765
3,368 3,394 3,349 3,528 3,543 3,915 3,268 3,772 3,652 3,351 3,333 3,211 4,983
Operating Profit 560 388 497 401 591 536 514 380 450 520 447 447 782
OPM % 14% 10% 13% 10% 14% 12% 14% 9% 11% 13% 12% 12% 14%
32 24 30 23 87 39 39 59 74 59 73 55 98
Interest 6 7 8 7 7 8 8 9 7 8 8 9 10
Depreciation 109 115 118 120 121 123 130 129 129 131 134 135 144
Profit before tax 477 289 401 296 550 443 415 300 388 440 378 358 726
Tax % 23% 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 26% 28%
369 215 298 220 410 330 307 222 287 327 281 266 521
EPS in Rs 5.36 3.12 4.33 3.20 5.95 4.79 4.46 3.22 4.17 4.75 4.08 3.86 7.56
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
9,006 6,106 5,093 6,174 7,754 10,300 9,866 16,456 16,759 15,690 16,487 23,388
7,894 5,367 4,331 5,261 6,758 8,652 7,761 14,354 14,338 13,787 14,579 20,236
Operating Profit 1,112 739 762 913 997 1,649 2,105 2,103 2,422 1,904 1,908 3,151
OPM % 12% 12% 15% 15% 13% 16% 21% 13% 14% 12% 12% 13%
101 10 17 28 93 82 68 77 98 161 201 555
Interest 334 250 218 206 208 205 134 82 67 54 52 38
Depreciation 238 245 257 272 288 318 344 385 428 474 511 579
Profit before tax 641 254 303 463 594 1,208 1,695 1,713 2,025 1,536 1,547 3,089
Tax % 31% 26% 28% 37% 30% 1% 25% 25% 25% 26% 26% 26%
444 188 220 291 417 1,193 1,268 1,286 1,525 1,143 1,146 2,299
EPS in Rs 0.99 2.74 3.19 4.23 6.06 17.33 18.42 18.68 22.16 16.60 16.64 33.39
Dividend Payout % 16% 18% 19% 19% 17% 7% 11% 11% 30% 34% 35% 35%
Compounded Sales Growth
10 Years: 14%
5 Years: 19%
3 Years: 12%
TTM: 42%
Compounded Profit Growth
10 Years: 27%
5 Years: 13%
3 Years: 15%
TTM: 104%
Stock Price CAGR
10 Years: 12%
5 Years: -12%
3 Years: -10%
1 Year: -31%
Return on Equity
10 Years: 21%
5 Years: 18%
3 Years: 16%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 138 138 138 138 138 138 138 138 138 138 138 188
Reserves 1,853 1,372 1,507 1,709 2,046 3,153 4,311 5,462 6,858 7,552 8,316 18,329
3,226 2,357 2,359 2,328 2,213 2,055 983 629 152 150 150 170
1,679 2,184 2,345 2,459 2,730 2,551 3,077 3,327 3,747 3,819 4,011 4,709
Total Liabilities 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,658 12,615 23,396
4,487 4,673 4,903 5,094 5,290 5,585 6,040 6,631 7,338 7,763 8,208 8,819
CWIP 357 468 506 478 489 569 731 992 983 918 839 829
Investments 1,099 122 68 16 16 17 20 22 30 135 136 2,275
953 787 871 1,045 1,333 1,725 1,717 1,909 2,544 2,842 3,433 11,474
Total Assets 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,658 12,615 23,396

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,094 637 701 785 964 1,422 1,659 1,662 2,378 1,634 1,806 2,407
-365 375 -458 -430 -612 -467 -612 -1,294 -1,041 -879 -1,921 -1,955
-563 -1,224 -255 -273 -349 -502 -1,318 -628 -678 -514 -474 -268
Net Cash Flow 166 -212 -13 82 3 453 -272 -260 658 241 -589 185
Free Cash Flow 741 79 221 330 434 826 903 295 1,292 797 1,055 1,582
CFO/OP 112% 94% 98% 97% 97% 103% 99% 100% 117% 103% 111% 87%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 15 18 25 23 24 18 29 21 22 24 23 26
Inventory Days 2 3 4 4 4 2 3 19
Days Payable 21 19 30 23 21 16 23 32
Cash Conversion Cycle -4 2 -1 5 7 4 8 21 22 24 23 14
Working Capital Days -81 -85 -67 -55 -45 -38 -48 -25 -33 -35 -8 62
ROCE % 19% 12% 14% 17% 19% 29% 34% 31% 31% 21% 20% 23%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
CNG Stations
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PNG Domestic Connections
Lakhs
Gas Pipeline Network
'000 KMs
Total CGD Gas Sales Volume
MMSCMD
CNG Gas Sales Volume
MMSCMD
PNG Industrial Gas Sales Volume
MMSCMD
PNG Domestic Gas Sales Volume
MMSCMD
Gas Trading Volume
MMSCMD

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Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026May 2026
60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 38.94%
3.80% 3.34% 3.72% 4.31% 4.51% 4.53% 3.97% 3.86% 3.70% 3.82% 3.98% 10.57%
13.09% 13.98% 15.04% 14.75% 14.38% 14.21% 14.81% 15.00% 14.97% 15.06% 14.76% 24.64%
7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.29%
15.20% 14.78% 13.32% 13.04% 13.20% 13.35% 13.33% 13.25% 13.41% 13.23% 13.35% 18.57%
No. of Shareholders 2,11,3782,13,4321,78,6641,74,5491,72,0261,78,0671,80,1781,71,4661,69,5701,66,4501,73,9193,27,682

* 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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