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 ₹ 42,436 Cr.
- Current Price ₹ 616
- High / Low ₹ 690 / 397
- Stock P/E 34.9
- Book Value ₹ 112
- Dividend Yield 0.92 %
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | 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 | 16,359 | |
2 | 7,216 | 7,894 | 5,367 | 4,331 | 5,261 | 6,758 | 8,652 | 7,761 | 14,354 | 14,338 | 13,787 | 14,335 | |
Operating Profit | -2 | 581 | 1,112 | 739 | 762 | 913 | 997 | 1,649 | 2,105 | 2,103 | 2,422 | 1,904 | 2,024 |
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 | 178 | |
Interest | 3 | 314 | 334 | 250 | 218 | 206 | 208 | 205 | 134 | 82 | 67 | 54 | 30 |
Depreciation | -0 | 283 | 238 | 245 | 257 | 272 | 288 | 318 | 344 | 385 | 428 | 474 | 482 |
Profit before tax | -3 | 92 | 641 | 254 | 303 | 463 | 594 | 1,208 | 1,695 | 1,713 | 2,025 | 1,536 | 1,690 |
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 | 1,257 | |
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 | 18.27 |
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: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 44% |
5 Years: | 21% |
3 Years: | -5% |
TTM: | -11% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 0% |
1 Year: | 45% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
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 | 7,552 |
1,500 | 3,301 | 3,226 | 2,357 | 2,359 | 2,328 | 2,213 | 2,055 | 983 | 629 | 152 | 150 | |
6 | 1,717 | 1,679 | 2,184 | 2,345 | 2,459 | 2,730 | 2,551 | 3,077 | 3,327 | 3,747 | 3,819 | |
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 |
-0 | 4,473 | 4,487 | 4,673 | 4,903 | 5,094 | 5,290 | 5,585 | 6,040 | 6,631 | 7,338 | 7,763 | |
CWIP | -0 | 270 | 357 | 468 | 506 | 478 | 489 | 569 | 731 | 992 | 983 | 918 |
Investments | 1,848 | 841 | 1,099 | 122 | 68 | 16 | 16 | 17 | 20 | 22 | 30 | 135 |
3 | 1,069 | 953 | 787 | 871 | 1,045 | 1,333 | 1,725 | 1,717 | 1,909 | 2,544 | 2,842 | |
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 |
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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Closure of Trading Window
30 Sep - Closure of trading window from 1st October 2024.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 27 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 27 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 26 Sep
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Announcement under Regulation 30 (LODR)-Meeting Updates
26 Sep - Proceedings of the 12th Annual General Meeting held.
Annual reports
Concalls
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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.