Gujarat Gas Ltd
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]
- Market Cap ₹ 31,060 Cr.
- Current Price ₹ 451
- High / Low ₹ 690 / 360
- Stock P/E 25.3
- Book Value ₹ 115
- Dividend Yield 1.25 %
- ROCE 20.5 %
- ROE 15.0 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%
- Company has been maintaining a healthy dividend payout of 24.9%
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
Part of BSE 200 BSE 500 Nifty Energy BSE 250 LargeMidCap Index Nifty Oil & Gas
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 14m | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 7,797 | 9,006 | 6,106 | 5,093 | 6,174 | 7,754 | 10,300 | 9,866 | 16,456 | 16,759 | 15,690 | 16,519 | |
2 | 7,216 | 7,894 | 5,367 | 4,331 | 5,261 | 6,758 | 8,652 | 7,761 | 14,354 | 14,338 | 13,787 | 14,498 | |
Operating Profit | -2 | 581 | 1,112 | 739 | 762 | 913 | 997 | 1,649 | 2,105 | 2,103 | 2,422 | 1,904 | 2,021 |
OPM % | 7% | 12% | 12% | 15% | 15% | 13% | 16% | 21% | 13% | 14% | 12% | 12% | |
2 | 107 | 101 | 10 | 17 | 28 | 93 | 82 | 68 | 77 | 98 | 161 | 222 | |
Interest | 3 | 314 | 334 | 250 | 218 | 206 | 208 | 205 | 134 | 82 | 67 | 54 | 32 |
Depreciation | 0 | 283 | 238 | 245 | 257 | 272 | 288 | 318 | 344 | 385 | 428 | 474 | 503 |
Profit before tax | -3 | 92 | 641 | 254 | 303 | 463 | 594 | 1,208 | 1,695 | 1,713 | 2,025 | 1,536 | 1,708 |
Tax % | 22% | 69% | 31% | 26% | 28% | 37% | 30% | 1% | 25% | 25% | 25% | 26% | |
-4 | 28 | 444 | 188 | 220 | 291 | 417 | 1,193 | 1,268 | 1,286 | 1,525 | 1,143 | 1,268 | |
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 | 16.60 | 18.42 |
Dividend Payout % | 0% | 436% | 16% | 18% | 19% | 19% | 17% | 7% | 11% | 11% | 30% | 34% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 15% |
3 Years: | 17% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 21% |
3 Years: | -5% |
TTM: | 11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | -5% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | 23% |
5 Years: | 25% |
3 Years: | 21% |
Last Year: | 15% |
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 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 0.05 | 138 | 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 | 7,552 | 7,802 |
1,500 | 3,301 | 3,226 | 2,357 | 2,359 | 2,328 | 2,213 | 2,055 | 983 | 629 | 152 | 150 | 146 | |
6 | 1,717 | 1,679 | 2,184 | 2,345 | 2,459 | 2,730 | 2,551 | 3,077 | 3,327 | 3,747 | 3,819 | 4,314 | |
Total Liabilities | 1,850 | 6,654 | 6,896 | 6,050 | 6,348 | 6,633 | 7,127 | 7,897 | 8,509 | 9,555 | 10,895 | 11,658 | 12,399 |
0 | 4,473 | 4,487 | 4,673 | 4,903 | 5,094 | 5,290 | 5,585 | 6,040 | 6,631 | 7,338 | 7,763 | 7,983 | |
CWIP | 0 | 270 | 357 | 468 | 506 | 478 | 489 | 569 | 731 | 992 | 983 | 918 | 883 |
Investments | 1,848 | 841 | 1,099 | 122 | 68 | 16 | 16 | 17 | 20 | 22 | 30 | 135 | 135 |
3 | 1,069 | 953 | 787 | 871 | 1,045 | 1,333 | 1,725 | 1,717 | 1,909 | 2,544 | 2,842 | 3,398 | |
Total Assets | 1,850 | 6,654 | 6,896 | 6,050 | 6,348 | 6,633 | 7,127 | 7,897 | 8,509 | 9,555 | 10,895 | 11,658 | 12,399 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0 | 412 | 1,094 | 637 | 701 | 785 | 964 | 1,422 | 1,659 | 1,662 | 2,378 | 1,634 | |
-1,848 | -1,491 | -365 | 375 | -458 | -430 | -612 | -467 | -612 | -1,294 | -1,041 | -879 | |
1,848 | 1,097 | -563 | -1,224 | -255 | -273 | -349 | -502 | -1,318 | -628 | -678 | -514 | |
Net Cash Flow | 0 | 18 | 166 | -212 | -13 | 82 | 3 | 453 | -272 | -260 | 658 | 241 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 26 | 15 | 18 | 25 | 23 | 24 | 18 | 29 | 21 | 22 | 24 | |
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 | 24 | |
Working Capital Days | -84 | -81 | -85 | -66 | -55 | -45 | -38 | -43 | -23 | -32 | -34 | |
ROCE % | 12% | 19% | 12% | 14% | 17% | 19% | 29% | 34% | 31% | 31% | 21% |
Documents
Announcements
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Board Meeting Intimation for For Consideration Of Audited Financial Results For Quarter And Financial Year Ended On 31St March, 2025, Dividend, If Any, And Closure Of Trading Window As Per SEBI (Prohibition Of Insider Trading) Regulations, 2015
2d - Board meeting on May 19, 2025, to approve FY25 results and consider dividend; trading window closed.
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Closure of Trading Window
2d - Board meeting on 19 May 2025 to approve FY25 results and consider dividend; trading window closed till 21 May.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Apr - Quarterly compliance certificate for Q1 2025.
- Closure of Trading Window 29 Mar
- Closure of Trading Window 13 Mar
Annual reports
Concalls
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Sep 2024Transcript PPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Sep 2023TranscriptNotesPPT
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Aug 2023TranscriptPPT
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Sep 2021TranscriptNotesPPT
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.