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 ₹ 32,513 Cr.
- Current Price ₹ 472
- High / Low ₹ 702 / 404
- Stock P/E 23.9
- Book Value ₹ 91.2
- Dividend Yield 0.42 %
- ROCE 30.9 %
- ROE 25.7 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.7% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 32.2%
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
9,006 | 6,106 | 5,093 | 6,174 | 7,754 | 10,300 | 9,866 | 16,456 | 18,960 | |
7,894 | 5,367 | 4,331 | 5,261 | 6,758 | 8,652 | 7,761 | 14,354 | 16,776 | |
Operating Profit | 1,112 | 739 | 762 | 913 | 997 | 1,649 | 2,105 | 2,103 | 2,184 |
OPM % | 12% | 12% | 15% | 15% | 13% | 16% | 21% | 13% | 12% |
101 | 12 | 18 | 29 | 95 | 82 | 70 | 79 | 81 | |
Interest | 334 | 250 | 218 | 206 | 208 | 205 | 134 | 82 | 55 |
Depreciation | 238 | 245 | 257 | 272 | 288 | 318 | 344 | 385 | 409 |
Profit before tax | 641 | 256 | 305 | 464 | 596 | 1,208 | 1,698 | 1,715 | 1,802 |
Tax % | 31% | 26% | 28% | 37% | 30% | 1% | 25% | 25% | |
Net Profit | 447 | 190 | 221 | 292 | 418 | 1,199 | 1,270 | 1,287 | 1,354 |
EPS in Rs | 0.99 | 2.76 | 3.20 | 4.25 | 6.08 | 17.41 | 18.45 | 18.70 | 19.67 |
Dividend Payout % | 15% | 18% | 19% | 19% | 16% | 7% | 11% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 29% |
TTM: | 47% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 44% |
TTM: | -7% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 19% |
1 Year: | -32% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 32% |
Last Year: | 26% |
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 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|
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 | 6,143 |
3,226 | 2,357 | 2,359 | 2,328 | 2,213 | 2,055 | 983 | 629 | 343 | |
1,679 | 2,189 | 2,353 | 2,467 | 2,739 | 2,553 | 3,079 | 3,329 | 3,447 | |
Total Liabilities | 6,915 | 6,069 | 6,375 | 6,662 | 7,158 | 7,925 | 8,539 | 9,587 | 10,070 |
4,487 | 4,673 | 4,903 | 5,094 | 5,290 | 5,585 | 6,040 | 6,631 | 6,894 | |
CWIP | 357 | 468 | 506 | 478 | 489 | 569 | 731 | 992 | 1,023 |
Investments | 1,118 | 144 | 92 | 41 | 42 | 43 | 48 | 52 | 53 |
953 | 784 | 875 | 1,049 | 1,337 | 1,728 | 1,719 | 1,912 | 2,099 | |
Total Assets | 6,915 | 6,069 | 6,375 | 6,662 | 7,158 | 7,925 | 8,539 | 9,587 | 10,070 |
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 | |
---|---|---|---|---|---|---|---|---|
1,094 | 637 | 701 | 785 | 964 | 1,420 | 1,659 | 1,662 | |
-365 | 375 | -458 | -430 | -612 | -466 | -614 | -1,294 | |
-563 | -1,224 | -251 | -273 | -349 | -502 | -1,318 | -628 | |
Net Cash Flow | 166 | -212 | -9 | 82 | 3 | 451 | -273 | -260 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 15 | 18 | 25 | 23 | 24 | 18 | 29 | 21 |
Inventory Days | 2 | 3 | 4 | 4 | 4 | 2 | 3 | 1 |
Days Payable | 21 | 19 | 30 | 23 | 21 | 16 | 23 | 12 |
Cash Conversion Cycle | -4 | 2 | -1 | 4 | 7 | 4 | 8 | 10 |
Working Capital Days | -81 | -85 | -67 | -55 | -45 | -38 | -43 | -23 |
ROCE % | 12% | 13% | 17% | 19% | 29% | 34% | 31% |
Documents
Announcements
- Closure of Trading Window 24 Jan
- Board Meeting Intimation for Meeting Of The Board Of The Company Will Be Held On 13Th February, 2023, Inter Alia, To Consider And Approve The Standalone And Consolidated Unaudited Financial Results For The Quarter Ended On 31St December, 2022 24 Jan
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Jan
- Closure of Trading Window 31 Dec 2022
-
Announcement under Regulation 30 (LODR)-Resignation of Director
31 Dec 2022 - Shri Milind Torawane, IAS, (DIN-03632394) has resigned as Director from the Board of the Company. His resignation is effective from 30th December, 2022.
Annual reports
Concalls
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Sep 2021TranscriptPPT
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]