Gujarat Gas Ltd

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

Gujarat Gas Ltd

₹ 503 1.25%
30 May - close price
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

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
2,667 1,083 2,513 2,833 3,434 3,011 3,625 5,144 4,669 5,170 3,976 3,684 3,929
2,241 897 1,780 2,219 2,882 2,288 3,206 4,907 3,972 4,563 3,334 3,102 3,368
Operating Profit 426 186 733 614 553 723 419 237 697 607 643 582 560
OPM % 16% 17% 29% 22% 16% 24% 12% 5% 15% 12% 16% 16% 14%
19 15 21 19 19 22 18 36 6 20 19 32 33
Interest 42 40 34 24 18 16 12 14 14 14 13 8 6
Depreciation 80 82 86 87 88 91 95 97 102 103 106 109 109
Profit before tax 322 79 635 522 466 638 330 163 587 510 542 498 478
Tax % 22% 25% 25% 25% 25% 25% 26% 25% 24% 25% 25% 25% 22%
Net Profit 250 59 475 391 348 477 245 123 444 382 404 372 370
EPS in Rs 3.64 0.86 6.91 5.68 5.06 6.92 3.57 1.79 6.46 5.55 5.87 5.40 5.38
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
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%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89
9.23 9.07 9.01 8.64 8.17 7.86 7.72 5.98 5.18 5.03 5.17 4.67
7.41 7.31 7.32 7.38 7.90 8.07 8.03 9.53 10.01 13.03 12.55 13.28
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.08 7.01 7.01
22.47 22.73 22.78 23.09 23.04 23.18 23.36 23.60 23.91 13.96 14.38 14.15

* 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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Documents

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Concalls

  • Sep 2021
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