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Gujarat Gas Ltd

GUJGASLTD

Gujarat Gas Ltd

GUJGASLTD
UtilitiesGas Distribution
MidcapWith a market cap of ₹41,310 cr, stock is ranked 219
Moderate RiskStock is 2.27x as volatile as Nifty
591.501.43% (-8.60)
591.501.43% (-8.60)

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UtilitiesGas Distribution
MidcapWith a market cap of ₹41,310 cr, stock is ranked 219
Moderate RiskStock is 2.27x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

UtilitiesGas Distribution
MidcapWith a market cap of ₹41,310 cr, stock is ranked 219
Moderate RiskStock is 2.27x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
32.835.35—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
24.893.781.14%

Forecast & Ratings

Detailed Forecast 
46%
Analysts have suggested that investors can buy this stock

from 24 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Gujarat Gas is engaged in the natural gas business in Gujarat

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 15.04%, vs industry avg of 12.64%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 7.47% to 8.03%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 22.27%, vs industry avg of 11.3%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue6,152.235,120.306,211.447,867.4610,384.239,940.1316,548.7116,863.5915,854.5616,538.12
Raw Materialssubtract4,914.123,838.044,678.616,084.007,881.626,998.010.000.000.0014,334.96
Power & Fuel Costsubtract60.3659.3171.7078.0388.1075.60119.28163.32189.58
Employee Costsubtract132.68133.06144.08165.08181.83183.26196.51200.95198.88
Selling & Administrative Expensessubtract73.6877.9689.90120.57148.62129.18161.60174.09238.98
Operating & Other expensessubtract220.49231.91284.86328.42353.15378.6413,889.5713,802.6413,162.16
Depreciation/Amortizationsubtract245.42257.33271.82288.01317.98343.57384.91428.26474.30482.28
Interest & Other Itemssubtract249.62218.00206.20207.73204.95134.3281.6866.7653.5229.73
Taxes & Other Itemssubtract65.8284.10171.83177.179.16427.18427.79499.19393.44432.69
EPS2.763.204.256.0817.4118.4518.7022.2016.6118.28
DPS0.500.600.801.001.252.002.006.65—6.65
Payout ratio0.180.190.190.160.070.110.110.300.000.36

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Sep 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
UtilitiesGas Distribution

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Gujarat Gas Ltd36.125.35—
Gail (India) Ltd15.241.952.40%
Adani Total Gas Ltd124.7923.260.03%
Indraprastha Gas Ltd19.063.92—

Price Comparison

Compare GUJGASLTD with any stock or ETF
Compare GUJGASLTD with any stock or ETF
GUJGASLTD
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.89%7.47%7.28%4.31%20.04%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun4.67%4.47%3.80%3.34%3.72%4.31%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Gujarat Gas Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
ICICI Prudential Multi-Asset Fund - Growth - Direct Plan

Growth
0.8397%0.69%-0.32%65/221 (-2)
Nippon India Growth Fund - Growth Option - Direct Plan

Growth
0.7485%0.88%0.29%53/104 (+19)
ICICI Prudential Large & Mid Cap Fund - Growth - Direct Plan

Growth
0.6232%1.47%-0.85%64/119 (-3)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 9, 2024

Final
Final | Div/Share: ₹5.66

Dividend/Share

₹5.66

Ex DateEx Date

Sep 9, 2024

Cash Dividend

Ex DateEx DateSep 11, 2023

Final
Final | Div/Share: ₹6.65

Dividend/Share

₹6.65

Ex DateEx Date

Sep 11, 2023

Cash Dividend

Ex DateEx DateAug 19, 2022

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Aug 19, 2022

Cash Dividend

Ex DateEx DateSep 8, 2021

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Sep 8, 2021

Cash Dividend

Ex DateEx DateSep 9, 2020

Final
Final | Div/Share: ₹1.25

Dividend/Share

₹1.25

Ex DateEx Date

Sep 9, 2020

News & Opinions
Corporate
Gujarat Gas to convene board meeting

Gujarat Gas will hold a meeting of the Board of Directors of the Company on 6 November 2024Powered by Capital Market - Live

6 days agoCapital Market - Live
Spotlight
CRISIL Ratings keeps ratings of Gujarat Gas on 'watch with developing implications'

CRISIL Ratings stated that the rating action follows the recent announcement by the company on the scheme of amalgamation announced by the parent companies of GGL ' Gujarat State Petroleum Corporation (GSPC) and Gujarat State Petronet Limited (GSPL). As per the announcement, GSPC and GSPL are to be merged into GGL. However, the gas transmission business will subsequently be carved out and listed as a separate entity, GSPL Transmission Limited (GTL), which will not be a part of GGL, post successful completion of the scheme of arrangement. The scheme has been approved by the board of the respective companies and is awaiting requisite regulatory and other approvals and could take 3-4 quarters for completion. CRISIL Ratings notes that GSPC, which undertakes natural gas trading business, is the country's second largest gas trading company and has healthy financial profile with nil debt since fiscal 2023. However, CRISIL Ratings is yet to fully assess its credit profile and the potential impact of its merger with GGL, as some of the critical information related to GSPC's business is awaited. Timely receipt of the required information as well clarity on other important business and financial parameters will be important for resolution of the rating watch. Furthermore, CRISIL Ratings understands that there is a high likelihood of successful completion of the scheme of amalgamation given the potential synergy benefits and valuation gains for the shareholders. However, further developments on the merger process will be monitorable. The rating by CRISIL Ratings on the bank facilities of GGL continues to reflect strong financial risk profile, backed by healthy cash accrual and negligible reliance on external debt. The rating also derives comfort from the company's sizeable scale of operations as the largest city gas distribution (CGD) entity in India. These rating strengths are however partially offset by its exposure to volatility in re-gasified liquefied natural gas (R-LNG) and domestic natural gas prices, risk related to setting up CGD networks in the newer geographical areas (GAs) in a timely and cost-efficient manner and exposure to regulatory risks. Gujarat Gas is India's largest CGD company by gas sales volume. It has 27 CGD licenses spread across 44 districts in 6 states and 1 union territory across Gujarat, Maharashtra, Rajasthan, Haryana, Punjab and Madhya Pradesh and Union Territory of Dadra & Nagar Haveli. The scrip slipped 1.86% to currently trade at Rs 642 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Gujarat Gas ends stronger after board OKs corporate re-structuring proposal

The proposal involves merging Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL) and GSPC Energy (GEL) with GGL. As part of this restructuring, GGL's Gas Transmission Business will be demerged and listed separately as GSPL Transmission Limited (GTL) on stock exchanges. The scheme also outlines specific shareholding arrangements for current shareholders of GSPL and GSPC. Under the approved arrangement, GGL will issue 10 fully paid equity shares of Rs 2 each for every 305 fully paid equity shares of Re 1 each held by the shareholders in GSPC. GGL will also issue 10 fully paid equity shares of Rs 2 each for every 13 fully paid equity shares of Rs 10 each held by the shareholders in GSPL. The demerger of the gas transmission business would involves issuance of 1 fully paid equity share of Rs 10 each of GTL for every 3 fully paid equity shares of Rs 2 each held by the shareholders in GGL. GGL stated that the merger of GSPC with itself, by combining the inter-linked businesses, will unlock business synergies, amplifying the scale of operations and improving efficiency due to optimum utilisation of resources. The elimination of related party transactions will improve GGL's EBITDA and RoCE. The synergistic benefit will also increase the market share of gas trading business while enabling focused growth strategies in other Energy sectors. It further said that the merger of GSPL with GGL and subsequent demerger of the natural gas transmission business will lead to simplification of the existing layered structure between GSPL and GGL. The main objective of demerger is to ensure adherence to the regulatory compliance and enable potential value unlocking for GSPL shareholders and enable the business to grow independently. The resulting company, namely, GSPL Transmission (GTL), will have equity shares listed on the stock exchange. Overall, over the years, the GSPC group has grown manifold, with diverse business presence across the entire natural gas value chain. Each of the companies enjoy leadership market position in their respective domain and inherent synergies are present amongst each of the group companies. At this point in time, the management found it prudent to scale up the companies and consolidate the existing businesses with the main objective to simplify the layered structure in pursuance to which the board has today approved the scheme. This scheme will firmly empower GGL and GTL to independently pursue their growth strategies with sharper focus, avail internal synergies, and ultimately increase their scale of operations. The management's business growth projections for GGL estimate it to become one of India's largest integrated players with presence in gas trading & city gas distribution business. GGL will be able to better leverage the combined assets and expand capital base all put together, enhancing profitability and return ratios on account of varied gas sourcing portfolios. The cash flow generated by the combined businesses can be deployed more efficiently in future to fund organic/inorganic opportunities,' the company said in a statement. Gujarat Gas is the largest city gas distribution company in India. The company has a network of -39,000 km of gas pipeline, distributing approx. 9.7 mmscmd of natural gas. The company operates more than 800 CNG stations and has connected more than 21.15 lakh households in six states and one union territory. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Volumes spurt at Gujarat Gas Ltd counter

Godrej Agrovet Ltd, Radico Khaitan Ltd, Relaxo Footwears Ltd, Uno Minda Ltd are among the other stocks to see a surge in volumes on BSE today, 02 September 2024.Gujarat Gas Ltd notched up volume of 5.67 lakh shares by 10:45 IST on BSE, a 14.39 fold spurt over two-week average daily volume of 39394 shares. The stock rose 10.02% to Rs.667.50. Volumes stood at 47433 shares in the last session.Godrej Agrovet Ltd saw volume of 63293 shares by 10:45 IST on BSE, a 6.63 fold spurt over two-week average daily volume of 9547 shares. The stock increased 5.80% to Rs.829.50. Volumes stood at 6150 shares in the last session.Radico Khaitan Ltd clocked volume of 77590 shares by 10:45 IST on BSE, a 2.91 times surge over two-week average daily volume of 26697 shares. The stock gained 3.66% to Rs.2,016.15. Volumes stood at 1.19 lakh shares in the last session.Relaxo Footwears Ltd saw volume of 15553 shares by 10:45 IST on BSE, a 2.76 fold spurt over two-week average daily volume of 5644 shares. The stock increased 2.82% to Rs.819.80. Volumes stood at 2806 shares in the last session.Uno Minda Ltd saw volume of 66237 shares by 10:45 IST on BSE, a 2.53 fold spurt over two-week average daily volume of 26180 shares. The stock increased 2.16% to Rs.1,199.00. Volumes stood at 77996 shares in the last session.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gujarat Gas to conduct AGM

Gujarat Gas announced that the 12th Annual General Meeting (AGM) of the company will be held on 26 September 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gujarat Gas fixes record date for dividend

Gujarat Gas has fixed 09 September 2024 as record date for dividend. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Gujarat Gas announces appointment of director

Gujarat Gas announced the appointment of S. J. Haider, IAS, (DIN: 02879522) Additional Chief Secretary, Energy & Petrochemicals Department, Government of Gujarat, as Additional Director on the Board of Gujarat Gas Limited w.e.f. 13 August 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Gujarat Gas standalone net profit rises 53.32% in the June 2024 quarter

Net profit of Gujarat Gas rose 53.32% to Rs 329.78 crore in the quarter ended June 2024 as against Rs 215.09 crore during the previous quarter ended June 2023. Sales rose 17.69% to Rs 4450.30 crore in the quarter ended June 2024 as against Rs 3781.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales4450.303781.51 18 OPM %12.0410.26 - PBDT566.39404.47 40 PBT443.30289.36 53 NP329.78215.09 53 Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Gujarat Gas consolidated net profit rises 53.14% in the June 2024 quarter

Net profit of Gujarat Gas rose 53.14% to Rs 330.71 crore in the quarter ended June 2024 as against Rs 215.95 crore during the previous quarter ended June 2023. Sales rose 17.69% to Rs 4450.30 crore in the quarter ended June 2024 as against Rs 3781.51 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales4450.303781.51 18 OPM %12.0410.26 - PBDT567.32405.33 40 PBT444.23290.22 53 NP330.71215.95 53 Powered by Capital Market - Live

2 months agoCapital Market - Live

Q1 Results Today: Vedanta, Raymond, Gujarat Gas Among 130+ Firms To Declare Earnings On August 6

2 months agoBloomberg Quint