Gujarat Gas Ltd

About [ edit ]

Gujarat Gas is engaged in Natural Gas Business in India. Natural gas business involves distribution of gas from sources of supply to centres of demand and to the end customers.(Source : 202003-01 Annual Report Page No:97)

  • Market Cap 36,557 Cr.
  • Current Price 531
  • High / Low 580 / 225
  • Stock P/E 31.0
  • Book Value 54.7
  • Dividend Yield 0.24 %
  • ROCE 28.9 %
  • ROE 43.5 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 21.72% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.38%

Cons

  • Stock is trading at 9.71 times its book value

Peer comparison

Sector: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,765 1,964 2,117 1,908 2,615 2,513 2,506 2,667 1,083 2,513 2,829
1,517 1,804 1,796 1,653 2,148 2,143 2,136 2,241 897 1,780 2,215
Operating Profit 249 161 321 254 466 370 371 426 186 733 615
OPM % 14% 8% 15% 13% 18% 15% 15% 16% 17% 29% 22%
Other Income 59 19 -2 19 23 24 20 19 15 21 20
Interest 49 49 48 50 51 53 46 42 40 34 24
Depreciation 71 72 73 72 78 80 79 80 82 86 86
Profit before tax 189 58 198 151 361 261 264 322 79 635 524
Tax % 35% 29% 30% 23% 35% -98% 25% 22% 25% 25% 25%
Net Profit 122 41 139 117 234 517 197 250 59 475 392
EPS in Rs 1.77 0.60 2.02 1.69 3.40 7.51 2.87 3.64 0.86 6.91 5.70

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
9,006 6,106 5,093 6,174 7,754 10,300 9,092
7,896 5,367 4,331 5,261 6,758 8,652 7,133
Operating Profit 1,110 739 762 913 997 1,649 1,959
OPM % 12% 12% 15% 15% 13% 16% 22%
Other Income 104 12 18 29 95 82 75
Interest 334 250 218 206 208 205 140
Depreciation 238 245 257 272 288 318 335
Profit before tax 641 256 305 464 596 1,208 1,560
Tax % 31% 26% 28% 37% 30% 1%
Net Profit 447 190 221 292 418 1,199 1,177
EPS in Rs 0.99 2.76 3.20 4.25 6.08 17.41 17.11
Dividend Payout % 15% 18% 19% 19% 16% 7%
Compounded Sales Growth
10 Years:%
5 Years:3%
3 Years:26%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:22%
3 Years:74%
TTM:11%
Stock Price CAGR
10 Years:%
5 Years:38%
3 Years:46%
1 Year:127%
Return on Equity
10 Years:%
5 Years:24%
3 Years:29%
Last Year:43%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
138 138 138 138 138 138 138
Reserves 1,872 1,386 1,526 1,729 2,068 3,180 3,627
Borrowings 3,226 2,357 2,359 2,328 2,213 2,055 1,451
1,679 2,189 2,353 2,467 2,739 2,553 2,936
Total Liabilities 6,915 6,069 6,375 6,662 7,158 7,925 8,152
4,487 4,673 4,903 5,094 5,290 5,585 5,621
CWIP 357 468 506 478 489 569 635
Investments 1,118 144 92 41 42 43 44
953 784 875 1,049 1,337 1,728 1,852
Total Assets 6,915 6,069 6,375 6,662 7,158 7,925 8,152

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
1,094 637 701 785 964 1,420
-365 375 -458 -430 -612 -467
-563 -1,224 -251 -273 -349 -502
Net Cash Flow 166 -212 -9 82 3 451

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 12% 13% 17% 19% 29%
Debtor Days 15 18 25 23 24 18
Inventory Turnover 120.70 93.92 96.51 97.65 137.80

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89
13.81 13.43 14.03 12.79 11.94 12.06 11.10 9.83 9.23 9.07 9.01 8.64
2.94 3.29 3.44 3.94 5.44 5.73 6.26 7.03 7.41 7.31 7.32 7.38
22.35 22.39 21.64 22.38 21.73 21.32 21.75 22.24 22.47 22.73 22.78 23.09

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