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Gujarat Gas Ltd share Price Today

Company details

540.65
548.75
397.05
620.00
6M Return 33.74%
1Y Return 17.38%
Mkt Cap.(Cr) 37,451.86
Volume 580,018
Div Yield 1.22%
OI
-
OI Chg %
-
Volume 580,018

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Non-Electrical Utilities company Gujarat Gas announced Q3FY24 results:

Financial Performance:
- Revenue from Operations: The Company reported a revenue from operations of Rs 4,084 crore for Q3FY24, compared to Rs 3,991 crore for the previous quarter, marking an increase.
- Profit After Tax (PAT): For the most recent quarter, the PAT stood at Rs 220 crore, which saw a decrease from Rs 298 crore reported in the quarter ended 30th September 2023.

Sales Volume Growth:
- Overall: A total sales volume of 9.16 mmscmd was achieved for the quarter, showing a substantial growth of 26% compared to the 7.29 mmscmd in the same quarter the previous year.
- Industrial: Sales volume in the industrial sector rose by 36% to 5.53 mmscmd.
- CNG: The Company recorded its highest-ever average CNG sales, reaching 2.78 mmscmd, which is a growth of 14% from the same period in the previous year.
- PNG Domestic and Commercial: Volumes for PNG Domestic and PNG Commercial were not explicitly reported.

Operational Highlights:
- New Connections: Approximately 38,000 new domestic customers, 197 commercial customers, and 69 new industrial customers were added during the quarter.
- Upcoming Commissions: The company looks forward to commissioning signed volumes of 8,23,000 scmd in the forthcoming days.

Strategic Developments:
- Gas Contracting: The Company successfully contracted approximately 0.50 mmscmd of domestic gas from an upstream supplier for four years.
- CNG Infrastructure: With the introduction of the Full Dealer Owned Dealer Operated (FDODO) scheme, the plan is to develop over 200 new CNG stations within the next 2-3 years.

Company’s Outlook:
- Gujarat Gas Limited remains the largest City Gas Distribution Company in India, boasting a pipeline network of approximately 38,000 km, over 815 CNG stations, and a connection network of more than 20.5 lakh households.

Result PDF

View Other Company Results

Gujarat Gas Ltd shares SWOT Analysis

Strengths (9)

  • Rising Net Cash Flow and Cash from Operating activity
  • Company with No Debt
  • Increasing Revenue every quarter for the past 2 quarters

Weakness (3)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Degrowth in Revenue and Profit
  • Major fall in TTM Net Profit

Opportunity (0)

Data not found

Threats (0)

Data not found

Resistance and support

R1 548.3
R2 552.6
R3 556.4
Pivot

544.48

S1 540.2
S2 536.4
S3 532.1
EMA SMA
550.3
547.6
529.9
507.8
549.8
555.1
528.9
486.1
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 508.95 444667 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 508.95 63135 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 508.95 444667 BSE
Name Category Shares
Governor of Gujarat PROMOTER 6.53%
Gujarat State Petronet Limited PROMOTER 54.17%

OUR RESEARCH VIEW

Investment recommendation
Call Date
14 Feb 2023
Entry Price 480.00
Target Price 520.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Gujarat Gas Ltd Stocks COMPARISON

Financials( in Cr) Gujarat Gas Ltd GAIL (India) Ltd Adani Total Gas Ltd Petronet LNG Ltd Indraprastha Gas Ltd
Price 544.05 207.40 919.50 298.95 453.05
% Change 0.36 3.88 -0.40 1.20 1.01
Mcap Cr 37,451.86 136,367.57 101,127.53 44,842.50 31,713.55
Revenue TTM Cr 16,759.40 145,668.30 4,378.19 59,899.35 14,145.85
Net Profit TTM Cr 1,528.38 5,595.89 546.49 3,325.82 1,639.65
PE TTM 33.92 16.90 169.13 12.80 16.27
1 Year Return 17.38 89.75 3.18 26.73 -6.62
ROCE 30.60 9.01 24.68 25.32 27.13
ROE 24.15 8.67 23.20 22.99 21.13
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,027.95 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,463.02 -9,686.18
LAST 3M 80,117.99 24,951.10
LAST 6M 139,103.06 73,773.67
LAST 12M 214,781.93 191,401.70

Gujarat Gas Ltd Information

Stock PE (TTM)
33.92
Promoter Holding
60.89%
Book Value
102.9247
ROCE
30.6%
ROE
24.15%
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 : rajeshwari.sharma:gujaratgas.com
Website : http://www.gujaratgas.com, www.gspcgroup.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

FAQ’s on Gujarat Gas Ltd Shares

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 Apr 24, 2024 04:11 PM the closing price of Gujarat Gas Ltd was ₹ 544.05.

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 Apr 24, 2024 04:11 PM, the market cap of Gujarat Gas Ltd stood at ₹ 37,451.86.

The latest PE ratio of Gujarat Gas Ltd as of Apr 24, 2024 04:11 PM is 33.92

The latest PB ratio of Gujarat Gas Ltd as of Apr 24, 2024 04:11 PM is 0.19

The 52-week high of Gujarat Gas Ltd share price is ₹ 620.00 while the 52-week low is ₹ 397.05

According to analyst recommendations, Gujarat Gas Ltd Share has a “Buy” rating for the long term.

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