Gujarat Gas Ltd

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

Gujarat Gas Ltd

₹ 542 -0.16%
23 Apr - close price
gujaratgas.com BSE: 539336 NSE : GUJGASLTD
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

Part of GSPL[1]
The company is a part of GSPL which has a strong presence in the natural gas value chain. It has Gujarat State Petroleum Corporation (GSPC) which is India's leading natural gas
trading company, Gujarat State Petronet Limited ( GSPL) which is India's second largest
natural gas transmission company and itself; Gujarat Gas Limited (GGL) which is India's leading City Gas Distribution (CGO) company.
GSPL is the holding company with a ~54% stake.

Website BSE NSE
  • Market Cap ₹ 37,314 Cr.
  • Current Price ₹ 542
  • High / Low ₹ 621 / 397
  • Stock P/E 33.8
  • Book Value ₹ 102
  • Dividend Yield 1.23 %
  • ROCE 31.3 %
  • ROE 24.3 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
  • Company has been maintaining a healthy dividend payout of 17.2%

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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
2,833 3,434 3,011 3,625 5,144 4,669 5,170 3,976 3,684 3,929 3,782 3,845 3,929
2,219 2,882 2,288 3,206 4,907 3,972 4,563 3,334 3,102 3,368 3,394 3,349 3,528
Operating Profit 614 553 723 419 237 697 607 643 582 560 388 497 401
OPM % 22% 16% 24% 12% 5% 15% 12% 16% 16% 14% 10% 13% 10%
19 18 21 18 35 6 19 19 32 32 24 30 23
Interest 24 18 16 12 14 14 14 13 8 6 7 8 7
Depreciation 87 88 91 95 97 102 103 106 109 109 115 118 120
Profit before tax 522 465 638 330 162 587 509 542 497 477 289 401 296
Tax % 25% 25% 25% 26% 25% 24% 25% 25% 25% 23% 26% 26% 26%
391 347 476 245 122 444 381 404 371 369 215 298 220
EPS in Rs 5.68 5.05 6.92 3.56 1.77 6.45 5.54 5.87 5.39 5.36 3.12 4.33 3.20
Raw PDF
Upcoming result date: 6 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
0 7,797 9,006 6,106 5,093 6,174 7,754 10,300 9,866 16,456 16,759 15,485
2 7,216 7,894 5,367 4,331 5,261 6,758 8,652 7,761 14,354 14,338 13,639
Operating Profit -2 581 1,112 739 762 913 997 1,649 2,105 2,103 2,422 1,846
OPM % 7% 12% 12% 15% 15% 13% 16% 21% 13% 14% 12%
2 107 101 10 17 28 93 82 68 77 98 108
Interest 3 314 334 250 218 206 208 205 134 82 67 28
Depreciation 0 283 238 245 257 272 288 318 344 385 428 463
Profit before tax -3 92 641 254 303 463 594 1,208 1,695 1,713 2,025 1,463
Tax % -22% 69% 31% 26% 28% 37% 30% 1% 25% 25% 25%
-4 28 444 188 220 291 417 1,193 1,268 1,286 1,525 1,102
EPS in Rs -0.01 0.06 0.99 2.74 3.19 4.23 6.06 17.33 18.42 18.68 22.16 16.01
Dividend Payout % 0% 436% 16% 18% 19% 19% 17% 7% 11% 11% 30%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 18%
TTM: -12%
Compounded Profit Growth
10 Years: 82%
5 Years: 39%
3 Years: 9%
TTM: -32%
Stock Price CAGR
10 Years: %
5 Years: 28%
3 Years: 0%
1 Year: 17%
Return on Equity
10 Years: 25%
5 Years: 29%
3 Years: 27%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 0 138 138 138 138 138 138 138 138 138 138 138
Reserves 344 1,498 1,853 1,372 1,507 1,709 2,046 3,153 4,311 5,462 6,858 6,916
1,500 3,301 3,226 2,357 2,359 2,328 2,213 2,055 983 629 152 155
6 1,717 1,679 2,184 2,345 2,459 2,730 2,551 3,077 3,327 3,747 4,076
Total Liabilities 1,850 6,654 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,284
0 4,473 4,487 4,673 4,903 5,094 5,290 5,585 6,040 6,631 7,338 7,491
CWIP 0 270 357 468 506 478 489 569 731 992 983 1,000
Investments 1,848 841 1,099 122 68 16 16 17 20 22 30 130
3 1,069 953 787 871 1,045 1,333 1,725 1,717 1,909 2,544 2,663
Total Assets 1,850 6,654 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,284

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-0 412 1,094 637 701 785 964 1,422 1,659 1,662 2,378
-1,848 -1,491 -365 375 -458 -430 -612 -467 -612 -1,294 -1,041
1,848 1,097 -563 -1,224 -255 -273 -349 -502 -1,318 -628 -678
Net Cash Flow 0 18 166 -212 -13 82 3 453 -272 -260 658

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 26 15 18 25 23 24 18 29 21 22
Inventory Days 2 2 3 4 4 4 2 3
Days Payable 28 21 19 30 23 21 16 23
Cash Conversion Cycle -1 -4 2 -1 5 7 4 8 21 22
Working Capital Days -84 -81 -85 -66 -55 -45 -38 -43 -23 -32
ROCE % 12% 19% 12% 14% 17% 19% 29% 34% 31% 31%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89%
8.17% 7.86% 7.72% 5.98% 5.18% 5.03% 5.17% 4.67% 4.47% 3.80% 3.34% 3.72%
7.90% 8.07% 8.03% 9.53% 10.01% 13.03% 12.55% 13.28% 13.28% 13.09% 13.98% 15.04%
0.00% 0.00% 0.00% 0.00% 0.00% 7.08% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01%
23.04% 23.18% 23.36% 23.60% 23.91% 13.96% 14.38% 14.15% 14.34% 15.20% 14.78% 13.32%
No. of Shareholders 1,09,8101,65,7231,81,3161,86,4951,96,5571,91,2781,85,0901,80,7471,84,2812,11,3782,13,4321,78,664

* 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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