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GAIL India

₹192.8 -0.3 | 0.2%

Market Cap ₹126768 Cr.

Stock P/E 15.7

P/B 1.7

Current Price ₹192.8

Book Value ₹ 114.9

Face Value 10

52W High ₹213.7

Dividend Yield 2.59%

52W Low ₹ 103

Overview Inc. Year: 1984Industry: Industrial Gases & Fuels

GAIL (India) Limited is an India-based natural gas processing and distribution corporation. The Company's segments are Petrochemicals, LPG,Transmission Services, Natural Gas Marketing, and Liquid Hydrocarbons and Other segment. Its Transmission Services segment includes natural gasoline and liquid petroleum gasoline (LPG). Its Other segment includes City Gas Distribution (CGD), GAIL Tel, exploration and production (E&P) and electricity technology. It has interests within the sourcing and trading of natural gasoline, manufacturing of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines. It owns and operates a community of about 13,340 kilometers (km) of natural gas pipelines. It is also focused on increasing its presence in renewable energy with solar, wind and biofuel. Its subsidiaries are GAIL GAS Limited, Tripura Natural Gas Co Ltd., Bengal Gas Company Limited and Konkan LNG Limited,GAIL Global (Singapore) PTE Ltd, GAIL Global (USA) Inc.

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GAIL India Share Price

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GAIL India Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 21782 26176 27328 37942 38729 35940 33264 32849 33050 34768
Other Income 274 421 363 91 241 450 547 152 205 414
Total Income 22056 26597 27690 38033 38970 36390 33811 33001 33255 35182
Total Expenditure 18160 21549 23064 33396 36825 35458 32708 30188 29469 30560
Operating Profit 3896 5048 4626 4638 2145 932 1102 2813 3786 4622
Interest 46 47 57 58 82 120 107 185 200 176
Depreciation 604 608 619 677 695 699 631 722 837 872
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 3246 4394 3951 3903 1368 113 365 1906 2749 3574
Provision for Tax 855 1020 902 979 371 264 46 490 696 881
Profit After Tax 2390 3374 3049 2923 998 -152 318 1416 2052 2692
Adjustments 493 406 405 330 318 565 316 376 392 502
Profit After Adjustments 2883 3781 3454 3253 1315 414 634 1792 2444 3195
Adjusted Earnings Per Share 4.3 5.7 5.2 4.9 2 0.6 1 2.7 3.7 4.9

GAIL India Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 51094 61918 60704 52053 48552 54496 76190 72518 57372 92770 145668 133931
Other Income 896 957 931 752 1049 844 1257 1736 1122 1183 1448 1318
Total Income 51990 62876 61635 52804 49601 55341 77447 74254 58493 93953 147116 135249
Total Expenditure 43676 53953 55121 47538 41961 46717 66566 63682 50128 77618 138295 122925
Operating Profit 8314 8923 6514 5266 7640 8623 10882 10571 8365 16335 8821 12323
Interest 437 669 652 822 552 327 159 309 181 213 371 668
Depreciation 1319 1644 1433 1496 1541 1527 1667 2080 2174 2420 2702 3062
Exceptional Income / Expenses 0 313 63 0 211 0 0 0 0 0 0 0
Profit Before Tax 6558 6922 4492 2949 5184 6923 9831 10429 7725 15464 7256 8594
Provision for Tax 2241 2195 1421 1091 1809 2123 3278 914 1583 3160 1660 2113
Profit After Tax 4317 4728 3071 1858 3375 4800 6553 9515 6143 12304 5596 6478
Adjustments 57 59 89 12 -7 -1 -7 -93 -6 -48 20 1586
Profit After Adjustments 4374 4786 3160 1869 3368 4799 6546 9422 6136 12256 5616 8065
Adjusted Earnings Per Share 6.5 7.1 4.7 2.8 5 7.1 9.7 13.9 9.2 18.4 8.5 12.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 57% 26% 22% 11%
Operating Profit CAGR -46% -6% 0% 1%
PAT CAGR -55% -16% 3% 3%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 77% 23% 11% 10%
ROE Average 9% 14% 15% 13%
ROCE Average 10% 16% 18% 15%

GAIL India Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 28795 32457 34023 36403 39305 41679 46004 49268 53182 64114 64927
Minority's Interest 1457 1759 1758 27 33 39 46 87 97 191 180
Borrowings 13168 16061 14752 5865 3180 1119 1027 3773 5237 5468 8880
Other Non-Current Liabilities 6733 7743 9578 6575 7848 8792 12731 11279 11948 15097 13580
Total Current Liabilities 12822 12520 12712 10167 9299 11248 10660 12476 12177 15093 21711
Total Liabilities 62975 70540 72824 59038 59665 62875 70468 76884 82642 99964 109277
Fixed Assets 24303 27779 33976 29946 30092 30480 32700 38230 41160 44572 49697
Other Non-Current Assets 27492 28609 26484 19479 20189 21507 26719 26998 30615 39085 39050
Total Current Assets 11179 14152 12364 9612 9384 10888 11049 11657 10867 16307 20531
Total Assets 62975 70540 72824 59038 59665 62875 70468 76884 82642 99964 109277

GAIL India Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1446 3065 3211 76 105 520 1377 297 624 1507 1520
Cash Flow from Operating Activities 6603 4615 4214 3960 6024 8769 7984 8345 8993 9420 3205
Cash Flow from Investing Activities -8443 -4142 -2116 -904 -383 -2632 -5707 -7445 -4693 -5436 -7640
Cash Flow from Financing Activities 3642 -3 -3058 -3028 -5275 -5252 -3364 281 -3471 -3917 2972
Net Cash Inflow / Outflow 1802 470 -960 29 366 885 -1087 1182 830 67 -1463
Closing Cash & Cash Equivalent 3065 3211 1558 105 520 1377 297 624 1507 1520 244

GAIL India Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 6.46 7.07 4.67 2.76 4.98 7.09 9.68 13.93 9.21 18.4 8.54
CEPS(Rs) 8.33 9.42 6.66 4.96 7.27 9.35 12.15 17.14 12.49 22.11 12.62
DPS(Rs) 9.6 10.4 6 5.5 11.2 9.09 8.02 6.4 5 10 5
Book NAV/Share(Rs) 42.56 47.98 50.29 53.81 58.1 61.61 68 72.83 79.85 96.26 98.75
Core EBITDA Margin(%) 14.28 12.67 9.06 8.59 13.37 14.22 12.62 12.17 12.61 16.31 5.05
EBIT Margin(%) 13.47 12.07 8.35 7.18 11.63 13.26 13.1 14.8 13.77 16.88 5.23
Pre Tax Margin(%) 12.63 11.01 7.29 5.61 10.51 12.66 12.9 14.37 13.45 16.65 4.97
PAT Margin (%) 8.31 7.52 4.98 3.53 6.84 8.78 8.6 13.11 10.7 13.25 3.84
Cash Profit Margin (%) 10.85 10.13 7.31 6.38 9.97 11.57 10.78 15.98 14.48 15.85 5.69
ROA(%) 7.57 7.08 4.28 2.82 5.69 7.83 9.83 12.91 7.7 13.48 5.35
ROE(%) 16.07 15.44 9.24 5.28 8.91 11.86 14.95 19.97 11.99 20.98 8.67
ROCE(%) 17.13 15.77 9.96 7.71 12.64 16.07 21.46 20.62 13.59 23.69 9.96
Receivable days 17.7 18.04 19.72 20.61 20.26 20.62 18.66 23.09 26.44 21.51 22.68
Inventory Days 12.73 13.02 14.64 13.8 12.31 12.15 10.62 14.3 19.62 12.9 11.88
Payable days 29.27 29.32 29.22 27.36 28.27 29.7 23.93 25.03 34.96 25.55 17.71
PER(x) 9.26 9.96 15.61 24.18 18.9 15.44 11.96 3.66 9.81 5.64 12.32
Price/Book(x) 1.41 1.47 1.45 1.24 1.62 1.78 1.7 0.7 1.13 1.08 1.07
Dividend Yield(%) 3.01 2.77 1.54 1.54 2.98 2.77 2.31 8.37 3.69 6.42 4.75
EV/Net Sales(x) 1.05 1.02 1.09 1.01 1.41 1.37 1.04 0.55 1.14 0.8 0.58
EV/Core EBITDA(x) 6.48 7.06 10.14 9.95 8.93 8.63 7.27 3.77 7.81 4.54 9.57
Net Sales Growth(%) 15.53 21.18 -1.96 -14.25 -6.73 12.24 39.81 -4.82 -20.89 61.7 57.02
EBIT Growth(%) 4.07 8.52 -32.23 -26.7 52.12 26.39 37.8 7.48 -26.37 98.29 -51.35
PAT Growth(%) -1.91 9.52 -35.03 -39.52 81.67 42.25 36.51 45.2 -35.44 100.29 -54.52
EPS Growth(%) -1.58 9.43 -33.98 -40.85 80.19 42.48 36.4 43.94 -33.85 99.73 -53.58
Debt/Equity(x) 0.57 0.57 0.54 0.25 0.15 0.08 0.05 0.14 0.14 0.12 0.25
Current Ratio(x) 0.87 1.13 0.97 0.95 1.01 0.97 1.04 0.93 0.89 1.08 0.95
Quick Ratio(x) 0.72 0.92 0.79 0.79 0.83 0.8 0.8 0.68 0.65 0.84 0.67
Interest Cover(x) 16 11.35 7.89 4.59 10.39 22.2 62.75 34.76 43.77 73.51 20.56
Total Debt/Mcap(x) 0.41 0.39 0.37 0.2 0.09 0.04 0.03 0.19 0.12 0.11 0.24

GAIL India Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 51.45 51.45 51.52 51.52 51.52 51.52 51.52 51.52 51.52 51.52
FII 19.56 19.49 19.78 19.65 17.91 16.28 15.97 14.65 14.14 14.05
DII 23.04 23.67 23.17 21.68 23.7 25.67 25.8 26.84 27.08 27
Public 5.28 4.72 4.83 6.42 6.12 5.79 5.96 6.25 6.54 6.7
Others 0.68 0.67 0.71 0.73 0.75 0.74 0.74 0.74 0.72 0.73
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 25.55 to 17.71days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • The company has delivered a poor profit growth of 3% 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.

GAIL India News

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