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Gujarat Gas Overview

Gujarat Gas Limited is an India-based organization this is engaged in natural gas business. The natural gas enterprise entails distribution of gasoline from sources of deliver to centers of demand and to end customers. It is engaged in city gas distribution, inclusive of sale, buy, deliver, distribution, transport, trading in natural gasoline, CNG, LNG, LPG and other gaseous form via pipelines, trucks/trains or such other suitable mode for transportation/distribution of natural gas, CNG, LNG, LPG and different gaseous form. It resources PNG for...Read More

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Gujarat Gas Key Financials

Market Cap ₹27023 Cr.

Stock P/E 23.5

P/B 3.1

Current Price ₹392.6

Book Value ₹ 126.4

Face Value 2

52W High ₹522.8

Dividend Yield 1.48%

52W Low ₹ 360.6

Gujarat Gas Share Price

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Volume
Price

Gujarat Gas Quarterly Price

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Gujarat Gas Peer Comparison

Gujarat Gas Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 3924 3991 4084 4294 4615 3949 4333 4289 4065 3979
Other Income 24 28 23 31 39 39 57 74 59 71
Total Income 3948 4019 4107 4325 4653 3987 4389 4363 4125 4050
Total Expenditure 3536 3495 3684 3703 4079 3434 3952 3839 3546 3532
Operating Profit 412 525 424 622 574 553 437 524 579 519
Interest 7 8 7 7 8 8 9 7 8 8
Depreciation 115 118 120 121 123 130 129 129 131 134
Exceptional Income / Expenses 0 0 0 56 0 0 0 0 0 0
Profit Before Tax 289 399 296 550 443 415 299 388 440 376
Provision for Tax 74 103 76 140 114 108 79 101 113 97
Profit After Tax 215 296 220 410 330 307 220 287 327 279
Adjustments 1 0 1 1 1 2 1 1 1 1
Profit After Adjustments 216 296 221 410 331 309 221 288 328 280
Adjusted Earnings Per Share 3.1 4.3 3.2 6 4.8 4.5 3.2 4.2 4.8 4.1

Gujarat Gas Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 9006 6106 5093 6174 7754 10300 9866 16456 16759 15690 16487 16666
Other Income 107 45 26 36 112 84 72 91 101 106 208 261
Total Income 9113 6150 5119 6210 7866 10384 9938 16547 16861 15796 16695 16927
Total Expenditure 7899 5376 4340 5269 6758 8653 7765 14355 14341 13790 14588 14869
Operating Profit 1214 774 779 941 1108 1731 2173 2192 2520 2007 2107 2059
Interest 334 250 218 206 208 205 134 82 67 54 52 32
Depreciation 238 245 257 272 288 318 344 385 428 474 511 523
Exceptional Income / Expenses -1 -26 0 0 -18 0 0 -12 0 56 0 0
Profit Before Tax 641 256 305 464 596 1208 1698 1715 2028 1537 1549 1503
Provision for Tax 198 66 84 172 177 9 427 428 499 393 401 390
Profit After Tax 444 190 221 292 418 1199 1270 1287 1528 1144 1148 1113
Adjustments 19 0 0 0 0 0 0 0 0 0 0 4
Profit After Adjustments 463 190 221 292 418 1199 1270 1287 1528 1144 1148 1117
Adjusted Earnings Per Share 6.7 2.8 3.2 4.2 6.1 17.4 18.5 18.7 22.2 16.6 16.7 16.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 0% 10% 6%
Operating Profit CAGR 5% -1% 4% 6%
PAT CAGR 0% -4% -1% 10%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -24% -10% 2% 13%
ROE Average 14% 18% 22% 22%
ROCE Average 20% 24% 28% 22%

Gujarat Gas Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2010 1523 1664 1866 2205 3317 4478 5630 7028 7722 8490
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1491 1707 2291 2213 2089 1834 770 391 0 0 0
Other Non-Current Liabilities 953 1016 1020 1084 1186 954 978 1056 1096 1154 1197
Total Current Liabilities 2461 1823 1400 1498 1677 1819 2314 2511 2803 2815 2964
Total Liabilities 6915 6069 6375 6662 7158 7925 8539 9587 10927 11692 12651
Fixed Assets 4487 4673 4902 5093 5289 5584 6039 6630 7336 7761 8195
Other Non-Current Assets 796 930 947 869 832 901 1159 1567 1612 1701 1490
Total Current Assets 1632 466 527 700 1037 1440 1341 1390 1979 2229 2965
Total Assets 6915 6069 6375 6662 7158 7925 8539 9587 10927 11692 12651

Gujarat Gas Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 68 235 23 14 96 98 550 277 17 675 916
Cash Flow from Operating Activities 1094 637 701 785 964 1420 1659 1662 2375 1634 1806
Cash Flow from Investing Activities -365 375 -458 -430 -612 -466 -614 -1294 -1039 -879 -1921
Cash Flow from Financing Activities -563 -1224 -251 -273 -349 -502 -1318 -628 -678 -514 -474
Net Cash Inflow / Outflow 166 -212 -9 82 3 451 -273 -260 658 241 -589
Closing Cash & Cash Equivalent 235 23 14 96 98 549 277 17 675 916 327

Gujarat Gas Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 6.72 2.76 3.2 4.25 6.08 17.41 18.45 18.7 22.2 16.61 16.68
CEPS(Rs) 9.9 6.33 6.94 8.2 10.26 22.03 23.44 24.29 28.42 23.5 24.1
DPS(Rs) 1 0.5 0.6 0.8 1 1.25 2 2 6.65 5.66 5.82
Book NAV/Share(Rs) 29.19 22.13 24.17 27.11 32.03 48.19 65.04 81.78 102.09 112.18 123.32
Core EBITDA Margin(%) 12.12 11.68 14.36 14.28 12.51 15.65 20.9 12.52 13.97 11.67 11.05
EBIT Margin(%) 10.68 8.09 9.98 10.58 10.09 13.42 18.21 10.7 12.1 9.76 9.32
Pre Tax Margin(%) 7.02 4.1 5.82 7.32 7.48 11.48 16.88 10.22 11.72 9.43 9.02
PAT Margin (%) 4.85 3.04 4.21 4.61 5.26 11.39 12.63 7.67 8.83 7.02 6.68
Cash Profit Margin (%) 7.46 6.97 9.12 8.9 8.87 14.41 16.05 9.96 11.31 9.93 9.65
ROA(%) 6.42 2.93 3.55 4.49 6.06 15.9 15.43 14.2 14.9 10.11 9.43
ROE(%) 22.07 10.76 13.84 16.57 20.55 43.41 32.59 25.47 24.15 15.51 14.17
ROCE(%) 18.64 11.09 13.23 16.32 18.65 29.03 34.27 31.29 31.88 21.57 19.75
Receivable days 14.4 19.32 22.58 21.28 20.67 17.69 23.32 18.53 20.58 22.97 21.81
Inventory Days 1.64 2.41 2.89 2.83 2.89 2.01 1.79 1.15 1.21 1.34 1.28
Payable days 21.54 26.33 28.77 25.37 20.77 17.33 22.24 12.72 16.64 21.68 20.64
PER(x) 0 39.81 47.9 39.09 24.39 13.36 29.79 26.88 20.71 32.76 24.73
Price/Book(x) 0 4.97 6.35 6.12 4.63 4.83 8.45 6.15 4.5 4.85 3.35
Dividend Yield(%) 0 0.45 0.39 0.48 0.67 0.54 0.36 0.4 1.45 1.04 1.41
EV/Net Sales(x) 0.35 1.61 2.53 2.21 1.56 1.68 3.89 2.13 1.85 2.33 1.7
EV/Core EBITDA(x) 2.57 12.73 16.52 14.47 10.93 10 17.68 16 12.29 18.21 13.31
Net Sales Growth(%) 0 -32.21 -16.59 21.24 25.59 32.83 -4.21 66.79 1.84 -6.38 5.08
EBIT Growth(%) 0 -48.2 3.4 28.27 19.82 75.88 29.65 -1.91 16.56 -24.05 0.66
PAT Growth(%) 0 -57.16 16.08 32.57 43.09 186.49 5.97 1.34 18.72 -25.17 0.4
EPS Growth(%) 0 -58.93 16.08 32.57 43.09 186.49 5.97 1.34 18.72 -25.17 0.4
Debt/Equity(x) 1.61 1.55 1.42 1.25 1 0.6 0.2 0.09 0 0 0
Current Ratio(x) 0.66 0.26 0.38 0.47 0.62 0.79 0.58 0.55 0.71 0.79 1
Quick Ratio(x) 0.65 0.23 0.35 0.43 0.58 0.77 0.56 0.53 0.68 0.77 0.98
Interest Cover(x) 2.92 2.02 2.4 3.25 3.87 6.89 13.64 22 31.37 29.72 30.91
Total Debt/Mcap(x) 0 0.31 0.22 0.2 0.22 0.12 0.02 0.01 0 0 0

Gujarat Gas Shareholding Pattern

# Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Promoter 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89
FII 4.47 3.8 3.34 3.72 4.31 4.51 4.53 3.97 3.86 3.7
DII 20.29 20.1 20.99 22.05 21.76 21.38 21.21 21.82 22 21.97
Public 14.35 15.2 14.77 13.33 13.03 13.22 13.37 13.32 13.25 13.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Gujarat Gas News

Gujarat Gas Pros & Cons

Pros

  • Debtor days have improved from 21.68 to 20.64days.
  • Company is almost debt free.

Cons

  • Stock is trading at 3.1 times its book value.
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