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 ₹ 34,633 Cr.
- Current Price ₹ 503
- High / Low ₹ 578 / 404
- Stock P/E 22.7
- Book Value ₹ 102
- Dividend Yield 0.40 %
- ROCE 30.8 %
- ROE 24.2 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company has a good return on equity (ROE) track record: 3 Years ROE 26.8%
- 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: Miscellaneous Industry: Miscellaneous
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|
9,006 | 6,106 | 5,093 | 6,174 | 7,754 | 10,300 | 9,866 | 16,456 | 16,759 | |
7,894 | 5,367 | 4,331 | 5,261 | 6,758 | 8,652 | 7,761 | 14,354 | 14,367 | |
Operating Profit | 1,112 | 739 | 762 | 913 | 997 | 1,649 | 2,105 | 2,103 | 2,392 |
OPM % | 12% | 12% | 15% | 15% | 13% | 16% | 21% | 13% | 14% |
101 | 12 | 18 | 29 | 95 | 82 | 70 | 79 | 104 | |
Interest | 334 | 250 | 218 | 206 | 208 | 205 | 134 | 82 | 40 |
Depreciation | 238 | 245 | 257 | 272 | 288 | 318 | 344 | 385 | 428 |
Profit before tax | 641 | 256 | 305 | 464 | 596 | 1,208 | 1,698 | 1,715 | 2,028 |
Tax % | 31% | 26% | 28% | 37% | 30% | 1% | 25% | 25% | 25% |
Net Profit | 447 | 190 | 221 | 292 | 418 | 1,199 | 1,270 | 1,287 | 1,528 |
EPS in Rs | 0.99 | 2.76 | 3.20 | 4.25 | 6.08 | 17.41 | 18.45 | 18.70 | 22.20 |
Dividend Payout % | 15% | 18% | 19% | 19% | 16% | 7% | 11% | 11% | 30% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 22% |
3 Years: | 18% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 39% |
3 Years: | 8% |
TTM: | 18% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 28% |
1 Year: | -10% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 27% |
Last Year: | 24% |
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 | |
---|---|---|---|---|---|---|---|---|---|
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 | 6,858 |
3,226 | 2,357 | 2,359 | 2,328 | 2,213 | 2,055 | 983 | 629 | 152 | |
1,679 | 2,189 | 2,353 | 2,467 | 2,739 | 2,553 | 3,079 | 3,329 | 3,747 | |
Total Liabilities | 6,915 | 6,069 | 6,375 | 6,662 | 7,158 | 7,925 | 8,539 | 9,587 | 10,895 |
4,487 | 4,673 | 4,903 | 5,094 | 5,290 | 5,585 | 6,040 | 6,631 | 7,363 | |
CWIP | 357 | 468 | 506 | 478 | 489 | 569 | 731 | 992 | 958 |
Investments | 1,118 | 144 | 92 | 41 | 42 | 43 | 48 | 52 | 30 |
953 | 784 | 875 | 1,049 | 1,337 | 1,728 | 1,719 | 1,912 | 2,544 | |
Total Assets | 6,915 | 6,069 | 6,375 | 6,662 | 7,158 | 7,925 | 8,539 | 9,587 | 10,895 |
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 | |
---|---|---|---|---|---|---|---|---|---|
1,094 | 637 | 701 | 785 | 964 | 1,420 | 1,659 | 1,662 | 2,375 | |
-365 | 375 | -458 | -430 | -612 | -466 | -614 | -1,294 | -1,039 | |
-563 | -1,224 | -251 | -273 | -349 | -502 | -1,318 | -628 | -678 | |
Net Cash Flow | 166 | -212 | -9 | 82 | 3 | 451 | -273 | -260 | 658 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 18 | 25 | 23 | 24 | 18 | 29 | 21 | 22 |
Inventory Days | 2 | 3 | 4 | 4 | 4 | 2 | 3 | 1 | 2 |
Days Payable | 21 | 19 | 30 | 23 | 21 | 16 | 23 | 12 | 20 |
Cash Conversion Cycle | -4 | 2 | -1 | 4 | 7 | 4 | 8 | 10 | 4 |
Working Capital Days | -81 | -85 | -67 | -55 | -45 | -38 | -43 | -23 | -32 |
ROCE % | 12% | 13% | 17% | 19% | 29% | 34% | 31% | 31% |
Documents
Announcements
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
19 May - Compliance Report for the year ended on 31st March, 2023.
- We Hereby Inform You That The Board In Its Meeting Held On 10Th May, 2023, Approved Modification In Dividend Distribution Policy Of The Company 11 May
- Board Meeting Outcome for Board Approved Dividend 10 May
- Approval Of Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended On 31St March, 2023 And Recommendation Of Dividend By Board For The FY 2022-23. 10 May
-
Announcement under Regulation 30 (LODR)-Change in Directorate
1 May - Of GGL have appointed Smt. Mamta Verma, IAS, (DIN: 01854315) Principal Secretary, Energy & Petrochemicals Department (EPD), Government of Gujarat as Additional Director on the …
Annual reports
Concalls
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Sep 2021TranscriptNotesPPT
Leadership position in CGD industry
Gujarat Gas Limited (GGL) is India's largest player in City Gas Distribution with 27 CGD licenses across 43 districts in 6 states of Maharashtra, Gujarat, Rajasthan, Punjab, Haryana and Madhya Pradesh and One Union Territory of Dadra & Nagar Haveli. [1]