Gujarat Gas is one of India’s largest city gas distribution companies with highest sales volume among listed peers.
Gujarat Gas (GGL) reported results that were higher than estimates on the profitability front driven by gross margins.
Gujarat Gas announced Q1FY23 results:
Equity Capital: 5,629.93 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 22,728.09 | -29,609.20 |
| LAST 3M | 42,048.80 | -31,382.80 |
| LAST 6M | 65,127.04 | 16,114.05 |
| LAST 12M | 194,271.06 | -118,498.61 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 19, 2022 | Dividend | 100 |
| Sep 08, 2021 | Dividend | 100 |
Gujarat Gas Ltd is in the largest gas distributor having a market capitalization of worth Rs. 49,942.69 crores, it is incorporated in the year 1980. It has reported consolidated sales of Rs. 2,995.81 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 539336, and also listed in the National Stock Exchange (NSE) with the code GUJGASLTD.
Gujarat Gas Ltd is an Indian natural gas distribution company. It comes under the ownership of Gujarat State Petroleum Corporation. It operates primarily in Gujarat and is India’s largest city gas distribution company. Gujarat State Petroleum Limited acquired the ownership of Gujarat Gas Limited by purchasing a 65% stake in the company from BG Group in October’2012. Gujarat Gas Ltd operates in 22 districts of the state, the Union Territory of Dadra and Nagar Haveli, and the Thane district of Maharashtra. The pipeline network of Gujarat Gas Ltd is spread across 30 thousand kilometers. It has 559 CNG stations and provides Natural Gas to around 15 lakh households and 4 thousand industrial-grade customers. The promoters of the company own 60.89% of the stake in the company, Foreign Institutional Investors (FII) own 8.17%, Domestic Institutional Investors (DII) own 7.9% of the stake, and others (such as public & retail investors) hold the balance of 23.04%.
In June 2021, quarterly net revenue was Rs. 3,010.87 crores, which has increased by approximately 178.03% from Rs. 1082.92 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 476.15 crores, which has also increased by nearly 712.71% from a net profit of Rs. 58.66 crores in June 2020. In June 2021, the reported operating profit was at Rs. 2,854.93 crores, which is also increased by 193.43% as compared to an operating profit of Rs. 972.95 crores for the quarter ending in June 2020. From Rs. 0.85 in June 2020, the EPS of Gujarat Gas Ltd has risen to Rs. 6.92 per share in June 2021. GUJGASLTD's stock closed at Rs. 725.5 on 18th August’2021 (NSE) and has returned 63.27% in the last six months and 134.98% in the previous year.
Gujarat Gas CNG Station, Sector 5/C, Gandhinagar, Gujarat, 382006
| Tel | : | 91-79-23264222/26462980 |
| : | rajehwari.sharma:gujaratgas.com | |
| Website | : | http://www.gujaratgas.com |
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| AGM Date (Month) | : | Sep |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 539336 |
| NSE Code | : | GUJGASLTD |
| Book Closure Date (Month) | : | |
| BSE Group | : | A |
| ISIN | : | INE844O01030 |
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