Gujarat Gas Ltd

Gujarat Gas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gujarat Gas Ltd

₹ 483 0.75%
31 Jan 1:11 p.m.
gujaratgas.com BSE: 539336 NSE: GUJGASLTD
About

Gujarat Gas Limited (GGL) is a government company u/s 2(45) of Companies Act 2013. Formerly Known as GSPC Distribution Networks Limited(GDNL), GGL is engaged in the business of Natural gas in India. The business of natural gas involves distribution of gas from sources of supply to centres of demand and to end customers. [1]
GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra. [2]

Key Points

Part of GSPL[1]
The company is a part of GSPL which has a strong presence in the natural gas value chain. It has Gujarat State Petroleum Corporation (GSPC) which is India's leading natural gas
trading company, Gujarat State Petronet Limited ( GSPL) which is India's second largest
natural gas transmission company and itself; Gujarat Gas Limited (GGL) which is India's leading City Gas Distribution (CGO) company.
GSPL is the holding company with a ~54% stake.

Website BSE NSE
  • Market Cap ₹ 33,253 Cr.
  • Current Price ₹ 483
  • High / Low ₹ 690 / 442
  • Stock P/E 27.2
  • Book Value ₹ 115
  • Dividend Yield 1.18 %
  • ROCE 20.5 %
  • ROE 15.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 21.0%
  • Company has been maintaining a healthy dividend payout of 24.9%

Cons

* 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.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

Part of Nifty LargeMidcap 250 BSE Dollex 200 Nifty MidSmallcap 400 Nifty Oil & Gas Nifty Midcap150 Quality 50

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3,625 5,144 4,669 5,170 3,976 3,684 3,929 3,782 3,845 3,929 4,134 4,450 3,782
3,206 4,907 3,972 4,563 3,334 3,102 3,368 3,394 3,349 3,528 3,543 3,915 3,268
Operating Profit 419 237 697 607 643 582 560 388 497 401 591 536 514
OPM % 12% 5% 15% 12% 16% 16% 14% 10% 13% 10% 14% 12% 14%
18 35 6 19 19 32 32 24 30 23 87 39 39
Interest 12 14 14 14 13 8 6 7 8 7 7 8 8
Depreciation 95 97 102 103 106 109 109 115 118 120 121 123 130
Profit before tax 330 162 587 509 542 497 477 289 401 296 550 443 415
Tax % 26% 25% 24% 25% 25% 25% 23% 26% 26% 26% 26% 26% 26%
245 122 444 381 404 371 369 215 298 220 410 330 307
EPS in Rs 3.56 1.77 6.45 5.54 5.87 5.39 5.36 3.12 4.33 3.20 5.95 4.79 4.46
Raw PDF
Upcoming result date: 5 February 2025

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 14m Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
0 7,797 9,006 6,106 5,093 6,174 7,754 10,300 9,866 16,456 16,759 15,690 16,295
2 7,216 7,894 5,367 4,331 5,261 6,758 8,652 7,761 14,354 14,338 13,787 14,254
Operating Profit -2 581 1,112 739 762 913 997 1,649 2,105 2,103 2,422 1,904 2,042
OPM % 7% 12% 12% 15% 15% 13% 16% 21% 13% 14% 12% 13%
2 107 101 10 17 28 93 82 68 77 98 161 187
Interest 3 314 334 250 218 206 208 205 134 82 67 54 30
Depreciation 0 283 238 245 257 272 288 318 344 385 428 474 494
Profit before tax -3 92 641 254 303 463 594 1,208 1,695 1,713 2,025 1,536 1,705
Tax % 22% 69% 31% 26% 28% 37% 30% 1% 25% 25% 25% 26%
-4 28 444 188 220 291 417 1,193 1,268 1,286 1,525 1,143 1,267
EPS in Rs -0.01 0.06 0.99 2.74 3.19 4.23 6.06 17.33 18.42 18.68 22.16 16.60 18.40
Dividend Payout % 0% 436% 16% 18% 19% 19% 17% 7% 11% 11% 30% 34%
Compounded Sales Growth
10 Years: 7%
5 Years: 15%
3 Years: 17%
TTM: 7%
Compounded Profit Growth
10 Years: 44%
5 Years: 21%
3 Years: -5%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: 11%
3 Years: -11%
1 Year: -17%
Return on Equity
10 Years: 23%
5 Years: 25%
3 Years: 21%
Last Year: 15%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 0.05 138 138 138 138 138 138 138 138 138 138 138 138
Reserves 344 1,498 1,853 1,372 1,507 1,709 2,046 3,153 4,311 5,462 6,858 7,552 7,802
1,500 3,301 3,226 2,357 2,359 2,328 2,213 2,055 983 629 152 150 146
6 1,717 1,679 2,184 2,345 2,459 2,730 2,551 3,077 3,327 3,747 3,819 4,314
Total Liabilities 1,850 6,654 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,658 12,399
0 4,473 4,487 4,673 4,903 5,094 5,290 5,585 6,040 6,631 7,338 7,763 7,983
CWIP 0 270 357 468 506 478 489 569 731 992 983 918 883
Investments 1,848 841 1,099 122 68 16 16 17 20 22 30 135 135
3 1,069 953 787 871 1,045 1,333 1,725 1,717 1,909 2,544 2,842 3,398
Total Assets 1,850 6,654 6,896 6,050 6,348 6,633 7,127 7,897 8,509 9,555 10,895 11,658 12,399

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-0 412 1,094 637 701 785 964 1,422 1,659 1,662 2,378 1,634
-1,848 -1,491 -365 375 -458 -430 -612 -467 -612 -1,294 -1,041 -879
1,848 1,097 -563 -1,224 -255 -273 -349 -502 -1,318 -628 -678 -514
Net Cash Flow 0 18 166 -212 -13 82 3 453 -272 -260 658 241

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 15 18 25 23 24 18 29 21 22 24
Inventory Days 2 2 3 4 4 4 2 3
Days Payable 28 21 19 30 23 21 16 23
Cash Conversion Cycle -1 -4 2 -1 5 7 4 8 21 22 24
Working Capital Days -84 -81 -85 -66 -55 -45 -38 -43 -23 -32 -34
ROCE % 12% 19% 12% 14% 17% 19% 29% 34% 31% 31% 21%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89% 60.89%
5.98% 5.18% 5.03% 5.17% 4.67% 4.47% 3.80% 3.34% 3.72% 4.31% 4.51% 4.53%
9.53% 10.01% 13.03% 12.55% 13.28% 13.28% 13.09% 13.98% 15.04% 14.75% 14.38% 14.21%
0.00% 0.00% 7.08% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01% 7.01%
23.60% 23.91% 13.96% 14.38% 14.15% 14.34% 15.20% 14.78% 13.32% 13.04% 13.20% 13.35%
No. of Shareholders 1,86,4951,96,5571,91,2781,85,0901,80,7471,84,2812,11,3782,13,4321,78,6641,74,5491,72,0261,78,067

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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