Gujarat Gas Ltd

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

Gujarat Gas Ltd

₹ 461 -0.39%
30 May 12:12 p.m.
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 ₹ 31,711 Cr.
  • Current Price ₹ 461
  • High / Low ₹ 690 / 360
  • Stock P/E 27.6
  • Book Value ₹ 123
  • Dividend Yield 1.22 %
  • ROCE 19.2 %
  • ROE 14.2 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 33.0%

Cons

  • The company has delivered a poor sales growth of 9.86% over past five years.

* 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 500 BSE 200 BSE PSU Nifty 500 BSE MidCap

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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
4,669 5,170 3,976 3,684 3,929 3,782 3,845 3,929 4,134 4,450 3,782 4,153 4,102
3,972 4,563 3,334 3,102 3,368 3,394 3,349 3,528 3,543 3,915 3,268 3,772 3,652
Operating Profit 697 607 643 582 560 388 497 401 591 536 514 380 450
OPM % 15% 12% 16% 16% 14% 10% 13% 10% 14% 12% 14% 9% 11%
6 20 19 32 33 25 28 24 88 39 40 58 75
Interest 14 14 13 8 6 7 8 7 7 8 8 9 7
Depreciation 102 103 106 109 109 115 118 120 121 123 130 129 129
Profit before tax 587 510 542 498 478 290 399 297 551 444 417 300 389
Tax % 24% 25% 25% 25% 22% 26% 26% 26% 25% 26% 26% 26% 26%
444 382 404 372 370 216 296 221 410 331 309 221 288
EPS in Rs 6.46 5.55 5.87 5.40 5.38 3.14 4.30 3.21 5.96 4.80 4.48 3.21 4.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
9,006 6,106 5,093 6,174 7,754 10,300 9,866 16,456 16,759 15,690 16,487
7,894 5,367 4,331 5,261 6,758 8,652 7,761 14,354 14,338 13,787 14,607
Operating Profit 1,112 739 762 913 997 1,649 2,105 2,103 2,422 1,904 1,880
OPM % 12% 12% 15% 15% 13% 16% 21% 13% 14% 12% 11%
101 12 18 29 95 82 70 79 101 161 213
Interest 334 250 218 206 208 205 134 82 67 54 32
Depreciation 238 245 257 272 288 318 344 385 428 474 511
Profit before tax 641 256 305 464 596 1,208 1,698 1,715 2,028 1,537 1,549
Tax % 31% 26% 28% 37% 30% 1% 25% 25% 25% 26% 26%
447 190 221 292 418 1,199 1,270 1,287 1,528 1,144 1,148
EPS in Rs 0.99 2.76 3.20 4.25 6.08 17.41 18.45 18.70 22.20 16.61 16.68
Dividend Payout % 15% 18% 19% 19% 16% 7% 11% 11% 30% 34% 35%
Compounded Sales Growth
10 Years: 6%
5 Years: 10%
3 Years: 0%
TTM: 5%
Compounded Profit Growth
10 Years: 10%
5 Years: -1%
3 Years: -4%
TTM: 4%
Stock Price CAGR
10 Years: %
5 Years: 14%
3 Years: -6%
1 Year: -14%
Return on Equity
10 Years: 21%
5 Years: 21%
3 Years: 17%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 138 138 138 138 138 138 138 138 138 138 138
Reserves 1,872 1,386 1,526 1,729 2,068 3,180 4,340 5,492 6,890 7,585 8,352
3,226 2,357 2,359 2,328 2,213 2,055 983 629 152 150 150
1,679 2,189 2,353 2,467 2,739 2,553 3,079 3,329 3,747 3,819 4,011
Total Liabilities 6,915 6,069 6,375 6,662 7,158 7,925 8,539 9,587 10,927 11,692 12,651
4,487 4,673 4,903 5,094 5,290 5,585 6,040 6,631 7,338 7,763 8,223
CWIP 357 468 506 478 489 569 731 992 983 918 824
Investments 1,118 144 92 41 42 43 48 52 63 168 172
953 784 875 1,049 1,337 1,728 1,719 1,912 2,544 2,842 3,433
Total Assets 6,915 6,069 6,375 6,662 7,158 7,925 8,539 9,587 10,927 11,692 12,651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,094 637 701 785 964 1,420 1,659 1,662 2,375 1,634 1,806
-365 375 -458 -430 -612 -466 -614 -1,294 -1,039 -879 -1,921
-563 -1,224 -251 -273 -349 -502 -1,318 -628 -678 -514 -474
Net Cash Flow 166 -212 -9 82 3 451 -273 -260 658 241 -589

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 15 18 25 23 24 18 29 21 22 24 23
Inventory Days 2 3 4 4 4 2 3 2
Days Payable 21 19 30 23 21 16 23 20
Cash Conversion Cycle -4 2 -1 4 7 4 8 21 22 24 4
Working Capital Days -81 -85 -67 -55 -45 -38 -43 -23 -32 -34 -7
ROCE % 12% 13% 17% 19% 29% 34% 31% 31% 20% 19%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89%
5.18% 5.03% 5.17% 4.67% 4.47% 3.80% 3.34% 3.72% 4.31% 4.51% 4.53% 3.97%
10.01% 13.03% 12.55% 13.28% 13.28% 13.09% 13.98% 15.04% 14.75% 14.38% 14.21% 14.81%
0.00% 7.08% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01%
23.91% 13.96% 14.38% 14.15% 14.34% 15.20% 14.78% 13.32% 13.04% 13.20% 13.35% 13.33%
No. of Shareholders 1,96,5571,91,2781,85,0901,80,7471,84,2812,11,3782,13,4321,78,6641,74,5491,72,0261,78,0671,80,178

* 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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