Gas
Valuation | |
|---|---|
| Market Cap | 29.28 kCr |
| Price/Earnings (Trailing) | 25.2 |
| Price/Sales (Trailing) | 1.78 |
| EV/EBITDA | 13.63 |
| Price/Free Cashflow | 27.42 |
| MarketCap/EBT | 18.75 |
| Enterprise Value | 28.94 kCr |
Fundamentals | |
|---|---|
Growth & Returns | |
|---|---|
| Price Change 1W | 5% |
| Price Change 1M | 3.2% |
| Price Change 6M | -0.50% |
| Price Change 1Y | -11.2% |
| 3Y Cumulative Return | -2.4% |
| 5Y Cumulative Return | 2.8% |
| 7Y Cumulative Return | 18.8% |
| 10Y Cumulative Return | 14.7% |
| Revenue (TTM) |
| 16.46 kCr |
| Rev. Growth (Yr) | -10.7% |
| Earnings (TTM) | 1.16 kCr |
| Earnings Growth (Yr) | 20.7% |
Profitability | |
|---|---|
| Operating Margin | 9% |
| EBT Margin | 9% |
| Return on Equity | 13.36% |
| Return on Assets | 8.69% |
| Free Cashflow Yield | 3.65% |
Cash Flow & Liquidity |
|---|
| Cash Flow from Investing (TTM) | -1.92 kCr |
| Cash Flow from Operations (TTM) | 1.81 kCr |
| Cash Flow from Financing (TTM) | -473.73 Cr |
| Cash & Equivalents | 345.04 Cr |
| Free Cash Flow (TTM) | 1.05 kCr |
| Free Cash Flow/Share (TTM) | 15.31 |
Balance Sheet | |
|---|---|
| Total Assets | 13.37 kCr |
| Total Liabilities | 4.67 kCr |
| Shareholder Equity | 8.7 kCr |
| Current Assets | 3.63 kCr |
| Current Liabilities | 3.46 kCr |
| Net PPE | 7.68 kCr |
| Inventory | 60.84 Cr |
| Goodwill | 0.00 |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.00 |
| Debt/Equity | 0.00 |
| Interest Coverage | 47.46 |
| Interest/Cashflow Ops | 56.36 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 5.82 |
| Dividend Yield | 1.37% |
| Shares Dilution (1Y) | 0.00% |
| Shares Dilution (3Y) | 0.00% |
Momentum: Stock price has a strong positive momentum. Stock is up 3.2% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -5.2% in past one year. In past three years, revenues have changed by -9%.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -2.4% return compared to 12.8% by NIFTY 50.
Momentum: Stock price has a strong positive momentum. Stock is up 3.2% in last 30 days.
Balance Sheet: Strong Balance Sheet.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Size: Market Cap wise it is among the top 20% companies of india.
Growth: Declining Revenues! Trailing 12m revenue has fallen by -5.2% in past one year. In past three years, revenues have changed by -9%.
Insider Trading: Significant insider selling noticed recently.
Smart Money: Smart money is losing interest in the stock.
Past Returns: Underperforming stock! In past three years, the stock has provided -2.4% return compared to 12.8% by NIFTY 50.
Investor Care | |
|---|---|
| Dividend Yield | 1.37% |
| Dividend/Share (TTM) | 5.82 |
| Shares Dilution (1Y) | 0.00% |
| Earnings/Share (TTM) | 16.88 |
Financial Health | |
|---|---|
| Current Ratio | 1.05 |
| Debt/Equity | 0.00 |
Technical Indicators | |
|---|---|
| RSI (14d) | 48.42 |
| RSI (5d) | 85.09 |
| RSI (21d) | 61.58 |
| MACD Signal | Buy |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Sell |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal |
Updated May 4, 2025
Gujarat Gas's stock price has dropped 3.13% and is down 9.06% for the year, reflecting investor concerns.
Despite being covered by 26 analysts, the ratings are mixed with more sell recommendations than buys.
The company's trailing P/E ratio of 27.02 significantly exceeds the sector average of 13.72, suggesting overvaluation.
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.
Understand Gujarat Gas ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| GUJARAT STATE PETRONET LTD | 54.17% |
| GUJARAT STATE FERTILIZERS & CHEMICALS LIMITED | 6.82% |
| Governor of Gujarat | 6.53% |
| LICI HEALTH PROTECTION PLUS FUND | 6.06% |
| GUJARAT INDUSTRIAL DEVELOPMENT CORPORATION | 3.87% |
| ICICI PRUDENTIAL S&P BSE 500 ETF | 3.29% |
| GUJARAT ALKALIES AND CHEMICALS LIMITED |
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) | 1.11 LCr | 1.44 LCr | -2.80% | +0.10% | 12.81 | 0.77 | - | - |
| ATGL | ADANI TOTAL GAS | 57.95 kCr | 6.2 kCr |
Comprehensive comparison against sector averages
GUJGASLTD metrics compared to Gas
| Category | GUJGASLTD | Gas |
|---|---|---|
| PE | 25.20 | 12.87 |
| PS | 1.78 | 0.81 |
| Growth | -5.2 % | 3 % |
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.
| Buy |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
GUJGASLTD vs Gas (2021 - 2026)
Mutual fund holdings in Gujarat Gas have increased to 7.61%, indicating growing institutional interest.
Change in Directorate • 29 Jan 2026 Appointment of Shri Ashwini Kumar, IAS as Additional Director on the Board of the Company w.e.f. 27.01.2026 |
Earnings Call Transcript • 28 Jan 2026 Q3 FY 26 Post Results Earnings Call Transcript |
General • 23 Jan 2026 Submission of revised Scheme of Amalgamation and Arrangement pursuant to directions issued by Hon''ble MCA |
Change in Management • 21 Jan 2026 Intimation for Change in Senior Management - Appointment of Shri B N Patel, GAS as Executive Director of Gujarat Gas Limited w.e.f. 21st January, 2026. |
Analyst / Investor Meet • 21 Jan 2026 Q3 FY 26 Post Results Earnings Call - Audio Recording |
Investor Presentation • 20 Jan 2026 |
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
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.
| 3.1% |
| MIRAE ASSET NIFTY TOTAL MARKET INDEX FUND | 1.32% |
| NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA ETF | 1.14% |
| GUJARAT STATE ENERGY GENERATION LIMITED | 0.19% |
| Gujarat State Petroleum Corporation Limited | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
| -17.90% |
| 90.23 |
| 9.35 |
| - |
| - |
| IGL | Indraprashtha Gas | 24.91 kCr | 17.62 kCr | -8.50% | -10.10% | 15.61 | 1.41 | - | - |
| GSPL | Gujarat State Petronet | 17.19 kCr | 17.5 kCr | -0.50% | -11.20% | 16.33 | 0.98 | - | - |
| MGL | Mahanagar Gas | 10.4 kCr | 8.64 kCr | -7.30% | -19.20% | 10.64 | 1.2 | - | - |
| -4.8% |
| 358 |
| 376 |
| 440 |
| 388 |
| 299 |
| 415 |
| Exceptional items before tax | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total profit before tax | -4.8% | 358 | 376 | 440 | 388 | 299 | 415 |
| Current tax | -4.5% | 85 | 89 | 103 | 101 | 64 | 89 |
| Deferred tax | -16.1% | 6.99 | 8.14 | 9.88 | -0.13 | 14 | 19 |
| Total tax | -5.2% | 92 | 97 | 113 | 101 | 79 | 108 |
| Total profit (loss) for period | -4.7% | 267 | 280 | 328 | 288 | 221 | 309 |
| Other comp. income net of taxes | 458.3% | 2.29 | 0.64 | 1.35 | 4.49 | 0.68 | 1.01 |
| Total Comprehensive Income | -3.9% | 269 | 280 | 329 | 292 | 222 | 310 |
| Earnings Per Share, Basic | -5.9% | 3.88 | 4.06 | 4.76 | 4.18 | 3.21 | 4.48 |
| Earnings Per Share, Diluted | -5.9% | 3.88 | 4.06 | 4.76 | 4.18 | 3.21 | 4.48 |
| 10.7% |
| 32 |
| 29 |
| 40 |
| 57 |
| 116 |
| 192 |
| Depreciation and Amortization | 7.8% | 511 | 474 | 428 | 385 | 341 | 318 |
| Other expenses | 14.3% | 1,900 | 1,662 | 1,445 | 1,083 | 787 | 835 |
| Total Expenses | 6.2% | 15,848 | 14,920 | 15,383 | 15,153 | 8,412 | 9,402 |
| Profit Before exceptional items and Tax | 4.5% | 1,547 | 1,481 | 2,025 | 1,725 | 1,705 | 1,208 |
| Exceptional items before tax | -101.8% | 0 | 56 | 0 | -11.9 | 0 | 0 |
| Total profit before tax | 0.7% | 1,547 | 1,536 | 2,025 | 1,713 | 1,705 | 1,208 |
| Current tax | 6.3% | 353 | 332 | 463 | 416 | 424 | 294 |
| Deferred tax | -23% | 48 | 62 | 36 | 12 | 5.06 | -279.79 |
| Total tax | 2% | 401 | 393 | 499 | 428 | 429 | 14 |
| Total profit (loss) for period | 0.3% | 1,146 | 1,143 | 1,525 | 1,286 | 1,276 | 1,193 |
| Other comp. income net of taxes | -2% | 8.51 | 8.66 | 8.52 | 2.69 | 2.57 | -3.7 |
| Total Comprehensive Income | 0.3% | 1,154 | 1,151 | 1,534 | 1,288 | 1,278 | 1,190 |
| Earnings Per Share, Basic | 0.3% | 16.64 | 16.6 | 22.16 | 18.68 | 18.53 | 17.33 |
| Earnings Per Share, Diluted | 0.3% | 16.64 | 16.6 | 22.16 | 18.68 | 18.53 | 17.33 |
| 0% |
| 12 |
| 12 |
| 1.3 |
| 1.3 |
| 1.3 |
| 1.3 |
| Non-current investments | 0% | 136 | 136 | 135 | 135 | 130 | 30 |
| Loans, non-current | -90.6% | 1.03 | 1.32 | 1.48 | 2.22 | 2.68 | 2.74 |
| Total non-current financial assets | -0.9% | 234 | 236 | 237 | 242 | 233 | 131 |
| Total non-current assets | 0.5% | 9,700 | 9,650 | 9,506 | 9,430 | 9,223 | 8,916 |
| Total assets | 5.7% | 13,334 | 12,615 | 12,399 | 11,658 | 11,284 | 10,895 |
| Borrowings, non-current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total non-current financial liabilities | 0.9% | 116 | 115 | 112 | 118 | 125 | 124 |
| Provisions, non-current | -2.2% | 46 | 47 | 50 | 53 | 55 | 55 |
| Total non-current liabilities | 1.6% | 1,216 | 1,197 | 1,183 | 1,154 | 1,118 | 1,096 |
| Borrowings, current | - | 0 | 0 | 0 | 0 | 0 | 0 |
| Total current financial liabilities | 11.8% | 3,066 | 2,742 | 2,969 | 2,641 | 2,843 | 2,642 |
| Provisions, current | 11.1% | 31 | 28 | 35 | 27 | 38 | 27 |
| Current tax liabilities | 323.1% | 111 | 27 | 60 | 6.63 | 29 | 0 |
| Total current liabilities | 16.6% | 3,455 | 2,964 | 3,277 | 2,815 | 3,113 | 2,803 |
| Total liabilities | 12.3% | 4,672 | 4,161 | 4,460 | 3,969 | 4,231 | 3,899 |
| Equity share capital | 0% | 138 | 138 | 138 | 138 | 138 | 138 |
| Total equity | 2.5% | 8,663 | 8,454 | 7,940 | 7,689 | 7,054 | 6,996 |
| Total equity and liabilities | 5.7% | 13,334 | 12,615 | 12,399 | 11,658 | 11,284 | 10,895 |
| Proceeds from sales of PPE |
| 92.3% |
| 0.93 |
| 0.09 |
| 0.28 |
| 0.03 |
| - |
| - |
| Purchase of property, plant and equipment | -10.2% | 752 | 837 | 1,087 | 1,366 | - | - |
| Dividends received | 6.3% | 1.68 | 1.64 | 0 | 0 | - | - |
| Interest received | 85% | 112 | 61 | 50 | 33 | - | - |
| Other inflows (outflows) of cash | -26341.4% | -1,284.05 | -3.86 | -4.74 | 40 | - | - |
| Net Cashflows From Investing Activities | -118.5% | -1,921.25 | -878.65 | -1,041.33 | -1,293.54 | - | - |
| Repayments of borrowings | - | 0 | 0 | 478 | 419 | - | - |
| Payments of lease liabilities | 92.9% | 55 | 29 | 25 | 19 | - | - |
| Dividends paid | -14.9% | 389 | 457 | 138 | 137 | - | - |
| Interest paid | 11.5% | 30 | 27 | 38 | 53 | - | - |
| Net Cashflows from Financing Activities | 7.8% | -473.73 | -514.11 | -678.37 | -628.44 | - | - |
| Net change in cash and cash eq. | -345.9% | -589.12 | 241 | 658 | -260.22 | - | - |
Press Release / Media Release • 20 Jan 2026 Press Release on Q3 FY 2026 Financial Results |