High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.5% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Past Returns: Underperforming stock! In past three years, the stock has provided -8.6% return compared to 7.8% by NIFTY 50.
Valuation | |
|---|---|
| Market Cap | 33.11 kCr |
| Price/Earnings (Trailing) | 21.45 |
| Price/Sales (Trailing) | 1.81 |
| EV/EBITDA | 15.84 |
| Price/Free Cashflow | 18.73 |
| MarketCap/EBT | 21.7 |
| Enterprise Value | 35.19 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 18.26 kCr |
| Rev. Growth (Yr) | 41.2% |
| Earnings (TTM) | 1.03 kCr |
| Earnings Growth (Yr) | -47.3% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 8% |
| Return on Equity | 5.44% |
| Return on Assets | 3.73% |
| Free Cashflow Yield | 5.34% |
Growth & Returns | |
|---|---|
| Price Change 1W | -11.2% |
| Price Change 1M | -6.5% |
| Price Change 6M | -10.4% |
| Price Change 1Y | -21.5% |
| 3Y Cumulative Return | -8.6% |
| 5Y Cumulative Return | -11.3% |
| 7Y Cumulative Return | 10.8% |
| 10Y Cumulative Return | 13% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -2.1 kCr |
| Cash Flow from Operations (TTM) | 2.72 kCr |
| Cash Flow from Financing (TTM) | -417.37 Cr |
| Cash & Equivalents | 978.36 Cr |
| Free Cash Flow (TTM) | 1.77 kCr |
| Free Cash Flow/Share (TTM) | 18.84 |
Balance Sheet | |
|---|---|
| Total Assets | 27.55 kCr |
| Total Liabilities | 8.69 kCr |
| Shareholder Equity | 18.86 kCr |
| Current Assets | 10.11 kCr |
| Current Liabilities | 5.42 kCr |
| Net PPE | 13.06 kCr |
| Inventory | 1.12 kCr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.11 |
| Debt/Equity | 0.16 |
| Interest Coverage | 20.66 |
| Interest/Cashflow Ops | 39.63 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 5.82 |
| Dividend Yield | 1.64% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Balance Sheet: Strong Balance Sheet.
Size: Market Cap wise it is among the top 20% companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Momentum: Stock is suffering a negative price momentum. Stock is down -6.5% in last 30 days.
Insider Trading: Significant insider selling noticed recently.
Past Returns: Underperforming stock! In past three years, the stock has provided -8.6% return compared to 7.8% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 1.64% |
| Dividend/Share (TTM) | 5.82 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 16.45 |
Financial Health | |
|---|---|
| Current Ratio | 1.86 |
| Debt/Equity | 0.16 |
Summary of Gujarat Gas's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Gujarat Gas Limited's management outlook for Q3 FY26 includes a strong focus on growth in various segments, despite challenges in the Morbi industrial sector. Key highlights from the call indicate a commitment to expanding infrastructure, with an expected capital expenditure of INR 650 to 700 crores for the financial year. The company has added over 38,600 new domestic connections, bringing total domestic customers to 2.38 million. The pipeline network spans approximately 44,540 kilometers.
In the commercial and industrial segments, the overall sales volume was reported at 3.93 MMSCMD; however, Morbi volumes saw a decline due to higher propane prices. A reduction in natural gas prices of INR 4.50 per SCM has been introduced, with expectations for Morbi volumes to climb to between 3 to 3.2 MMSCMD by February. CNG sales rose by 11% year-on-year, with significant growth observed in non-Gujarat areas at 22%.
The management is confident in maintaining an EBITDA margin of approximately Rs.5.5 to Rs.6.5 per SCM for the financial year, with an EBITDA of INR 502 crores reported in Q3. The adoption of digital initiatives, such as an advanced metering infrastructure and a new ERP system, is anticipated to enhance operational efficiency. Gujarat Gas also aims to leverage a burgeoning CBG market with a total of 27 agreements signed to date.
In summary, while the outlook shows positive growth trajectory and infrastructural development, challenges remain in industrial pricing dynamics and APM gas allocation. Management has indicated that the company will remain agile to adapt to market changes and expects to address these challenges effectively in the coming quarters.
Here are the major questions and their respective answers from the Q&A section of the earnings transcript:
Question: "You mentioned that you have taken a INR4.5 reduction in industrial prices at Morbi. Can we get a sense of what are the equivalent prices in rupees per SCM terms right now for your industrial segment in Morbi and equivalent propane price?"
Answer: Currently, the propane price is around INR 38.6 against our gas prices of INR 41.
Question: "So sir, just a hypothetical question at what price of propane does the industrial price and propane price sort of coincide?"
Answer: $25 to $30 per ton.
Question: "Is your sense that non-Gujarat will continue to grow at the kind of run rates we have been showing for the last, let's say, 3, 4 quarters?"
Answer: Yes, I think the double-digit growth should continue in both areas, especially non-Gujarat, where we are growing at a higher rate due to the lower base.
Question: "If I heard you correctly, you mentioned about 5.5% to 6.5% being the expected rate for the full year. Can we build in a slightly higher run rate for '27 and '28?"
Answer: You can take the same rates, and we will update you in March when we have the consolidated balance sheet.
Question: "Capex for this year is INR 700 crores. For the next couple of years, should we build in the same run rate for Gujarat Gas?"
Answer: Yes, INR 700 crores is what you should build in.
Question: "You mentioned the PNG industrial volume from the level of Q3, 1.66 MMSCMD, has really gone up. What numbers can you share for January?"
Answer: It has increased to 2.2 MMSCMD, and we expect close to 2.6-2.7 MMSCMD soon.
Question: "How much will it impact our gross profit margin considering the new gas transmission tariffs?"
Answer: Approximately INR 1 per SCM.
Question: "Did you say that Q4 volume is expected to be 3-3.2 MMSCMD?"
Answer: Yes, February volumes are expected close to that range.
Question: "With the rupee depreciation and spot LNG pricing, is there any risk to the Morbi price going up?"
Answer: The increase in spot prices is expected to be short-term; we foresee a return to around $9 levels post-winter.
Question: "What is the current customer taking from an existing supplier? How can we differentiate our offering?"
Answer: We can offer credit to existing consumers, which is very valuable as they currently must pay upfront to other suppliers.
This summarizes the major questions and answers while adhering to the character limit.
Analysis of Gujarat Gas's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Mar 31, 2026
| Description | Share | Value |
|---|---|---|
| City Gas Distribution | 49.5% | 4.1 kCr |
| Gas Trading | 48.3% | 4 kCr |
| Regasification business | 1.1% | 92.1 Cr |
| Power | 1.0% | 85.3 Cr |
| Total | 8.2 kCr |
Understand Gujarat Gas ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Governor of Gujarat | 38.8% |
| ICICI PRUDENTIAL INFRASTRUCTURE FUND | 5.8% |
| GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED | 5.08% |
| LICI ASM NON PAR | 4.47% |
| MIRAE ASSET LARGE CAP FUND | 3.94% |
| GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION | 3.54% |
| SBI LARGE & MIDCAP FUND | 3.07% |
| GUJARAT MARITIME BOARD | 3.04% |
| GUJARAT ALKALIES AND CHEMICALS LIMITED | 2.35% |
| GOVERNMENT PENSION FUND GLOBAL | 1.35% |
| STATE BANK OF INDIA | 1.31% |
| GUJARAT STATE ENERGY GENERATION LIMITED | 0.14% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Gujarat Gas against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| GAIL | Gail (India) | 1.15 LCr | 1.44 LCr | +3.70% | -5.70% | 15.17 | 0.8 | - | - |
| ATGL | ADANI TOTAL GAS | 79.12 kCr | 6.45 kCr | +9.10% | +13.90% | 120.7 | 12.27 | - | - |
| IGL | Indraprashtha Gas | 23.55 kCr | 18.22 kCr | +4.80% | -18.50% | 15.21 | 1.29 | - | - |
| GSPL | Gujarat State Petronet | 15.14 kCr | 17.5 kCr | +19.70% | -8.20% | 14.39 | 0.87 | - | - |
| MGL | Mahanagar Gas | 11.81 kCr | 9.18 kCr | +11.30% | -15.30% | 10.14 | 1.29 | - | - |
Comprehensive comparison against sector averages
GUJGASLTD metrics compared to Gas
| Category | GUJGASLTD | Gas |
|---|---|---|
| PE | 21.45 | 11.03 |
| PS | 1.81 | 0.75 |
| Growth | 5 % | 4.5 % |
Gujarat Gas is a prominent supplier of LPG, CNG, PNG, and LNG in India, with stock trading under the ticker symbol GUJGASLTD. The company boasts a market capitalization of Rs. 31,308 Crores.
Engaging in the distribution of natural gas, Gujarat Gas operates an extensive network of around 40,200 kilometers of natural gas pipelines and 811 compressed natural gas stations. Its services reach approximately 21.52 lakh households, 4,400 industrial clients, and 15,200 commercial customers. The company has a significant presence across 44 districts in 6 states—Gujarat, Maharashtra, Rajasthan, Haryana, Punjab, and Madhya Pradesh—as well as in the union territory of Dadra and Nagar Haveli.
Formerly known as GSPC Distribution Networks Limited, Gujarat Gas Limited underwent a name change in May 2015. Incorporated in 2012, its headquarters is located in Gandhinagar, India, and it operates as a subsidiary of Gujarat State Petronet Limited.
In the past twelve months, Gujarat Gas reported revenue of Rs. 17,354.9 Crores, highlighting a revenue growth of 11.4% over the last three years. The company is also committed to providing returns to its investors, featuring a dividend yield of 3% annually, with a recent dividend distribution of Rs. 12.31 per share.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
GUJGASLTD vs Gas (2021 - 2025)