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Gujarat Gas Ltd

Company details

468.50
481.90
403.80
696.15
6M Return 8.88%
1Y Return -30.81%
Mkt Cap.(Cr) 32,887.83
Volume 39,967
Div Yield 0.43%
OI
-
OI Chg %
-
Volume 39,967

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Muted volume outlook in near term…

About The Stock

    Gujarat Gas is one of India’s largest city gas distribution companies with highest sales volume among listed peers.

    • Sales volume grew at 15% CAGR in FY17-22 driven by industrial PNG
    • The company benefitted from NGT order for Morbi industrial area

Q4FY22

    Gujarat Gas (GGL) reported results that were higher than estimates on the profitability front driven by gross margins.

    • Revenue was up 36.2% YoY to ₹ 4669.4 crore (estimate: ₹ 4798.7 crore) driven by higher realisation
    • Gross margin was at ₹ 10.7/scm, up ₹ 3.6/scm YoY as higher realisation offset surge in gas costs. Subsequently, EBITDA was at ₹ 697.4 crore, up 25.8% YoY (estimate: ₹ 288.9 crore)
    • PAT was at ₹ 444.3 crore, up 27% YoY (estimate: ₹ 152.5 crore)

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Gujarat Gas Ltd.

Q1FY23 Quarterly Result Announced for Gujarat Gas Ltd.

Gujarat Gas announced Q1FY23 results:

  • Revenue from Operations of Rs. 5,303 Crore during the quarter ended on 30 June 2022 as against Rs. 3,074 Crore for the corresponding quarter previous year
  • The Standalone Profit After Tax (PAT) for the current quarter is Rs 381 Crore as compared to Rs 474 Crore in the corresponding quarter previous year
  • The Company's total gas sales volume for the quarter was 9.75 mmscmd.

 

 

Result PDF

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OUR RESEARCH VIEW

Investment recommendation

Muted volume outlook in near term…

Call Date

05 Aug 2022

Entry Price

444.00

Target Price

500.00

Duration

12 Month

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

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

INFORMATION

Stock PE (TTM)

24.23

Promoter Holding

60.89%

Book Value

91.2315

ROCE

30.06%

ROE

25.47%

Description

  • 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.

Registered Address

Gujarat Gas CNG Station, Sector 5/C, Gandhinagar, Gujarat, 382006

Tel : 91-79-23264222/26462980
Email : rajehwari.sharma:gujaratgas.com
Website : http://www.gujaratgas.com

Registrar

KFin Techologies Ltd

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

ICICIdirect Gujarat Gas Ltd FAQ

You can buy Gujarat Gas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gujarat Gas Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of Gujarat Gas Ltd was ₹ 477.75.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of Gujarat Gas Ltd stood at ₹ 32,887.83.
The latest PE ratio of Gujarat Gas Ltd as of Feb 08, 2023 04:01 PM is 24.23
The latest PB ratio of Gujarat Gas Ltd as of Feb 08, 2023 04:01 PM is 0.19
The 52-week high of Gujarat Gas Ltd is ₹ 696.15 while the 52-week low is ₹ 403.80
According to analyst recommendations, Gujarat Gas Ltd has a “Buy” rating for the long term.

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