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Gujarat Gas

₹667 -11.9 | 1.7%

Market Cap ₹45916 Cr.

Stock P/E 36.5

P/B 5.7

Current Price ₹667

Book Value ₹ 116.5

Face Value 2

52W High ₹689.5

Dividend Yield 0.85%

52W Low ₹ 397.2

Gujarat Gas Research see more...

Overview Inc. Year: 2012Industry: Gas Transmission/Marketing

Gujarat Gas Limited is an India-based organization this is engaged in natural gas business. The natural gas enterprise entails distribution of gasoline from sources of deliver to centers of demand and to end customers. It is engaged in city gas distribution, inclusive of sale, buy, deliver, distribution, transport, trading in natural gasoline, CNG, LNG, LPG and other gaseous form via pipelines, trucks/trains or such other suitable mode for transportation/distribution of natural gas, CNG, LNG, LPG and different gaseous form. It resources PNG for domestic usage to approximately 16.50 lakh households across its running places. The HAPi pipeline is designed, constructed, owned and operated by using the Company, which is about 73.2 kilometers (km) lengthy and approximately 18-inch diameter natural fuel pipeline. It has approximately 653 CNG stations and 32,000 km of naural gas pipeline community.

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Gujarat Gas Share Price

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Gujarat Gas Quarterly Results

#(Fig in Cr.) Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018
Net Sales 1438 1517 1430 1614 1778
Other Income 7 8 9 9 10
Total Income 1445 1525 1439 1624 1788
Total Expenditure 1291 1247 1228 1415 1555
Operating Profit 153 278 212 209 233
Interest 48 50 50 49 48
Depreciation 64 67 68 69 68
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 42 161 93 91 117
Provision for Tax 8 57 32 31 51
Profit After Tax 33 104 61 60 66
Adjustments -33 -104 -61 -60 -66
Profit After Adjustments 0 0 0 0 0
Adjusted Earnings Per Share 0.5 1.5 0.9 0.9 1

Gujarat Gas Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 0 7797 9006 6106 5093 6174 7754 10300 9866 16456 16759 6339
Other Income 2 110 107 45 26 36 111 84 71 91 101 36
Total Income 2 7908 9113 6150 5119 6210 7866 10384 9938 16547 16861 6376
Total Expenditure 2 7212 7899 5376 4340 5269 6758 8653 7765 14355 14341 5445
Operating Profit 0 696 1214 774 779 941 1107 1731 2173 2192 2520 932
Interest 3 314 334 250 218 206 208 205 134 82 67 197
Depreciation 0 283 238 245 257 272 288 318 344 385 428 272
Exceptional Income / Expenses 0 -7 -1 -26 0 0 -18 0 0 -12 0 0
Profit Before Tax -3 92 641 254 303 463 594 1208 1695 1713 2025 462
Provision for Tax 1 64 198 65 84 171 177 14 427 428 499 171
Profit After Tax -4 28 444 188 220 291 417 1193 1268 1286 1525 291
Adjustments 0 0 0 0 0 0 0 0 0 0 0 -291
Profit After Adjustments -4 28 444 188 220 291 417 1193 1268 1286 1525 0
Adjusted Earnings Per Share -154.8 0.4 6.4 2.7 3.2 4.2 6.1 17.3 18.4 18.7 22.2 4.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 18% 22% 0%
Operating Profit CAGR 15% 13% 22% 0%
PAT CAGR 19% 9% 39% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 44% -1% 31% NA%
ROE Average 24% 28% 29% 20%
ROCE Average 32% 33% 29% 20%

Gujarat Gas Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 344 1636 1991 1509 1645 1846 2184 3291 4449 5599 6996
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 1500 1592 1491 1707 2291 2213 2089 1834 770 391 0
Other Non-Current Liabilities 3 822 953 1012 1016 1079 1181 954 978 1056 1096
Total Current Liabilities 3 2604 2461 1822 1396 1495 1674 1818 2312 2509 2803
Total Liabilities 1850 6654 6896 6050 6348 6633 7127 7897 8509 9555 10895
Fixed Assets 0 4473 4487 4673 4902 5093 5289 5584 6039 6630 7336
Other Non-Current Assets 348 475 777 911 923 844 806 875 1131 1538 1580
Total Current Assets 1502 1705 1632 467 523 697 1033 1438 1338 1388 1979
Total Assets 1850 6654 6896 6050 6348 6633 7127 7897 8509 9555 10895

Gujarat Gas Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 0 42 68 235 23 10 92 94 548 277 16
Cash Flow from Operating Activities -0 412 1094 637 701 785 964 1422 1659 1662 2378
Cash Flow from Investing Activities -1848 -1491 -365 375 -458 -430 -612 -467 -612 -1294 -1041
Cash Flow from Financing Activities 1848 1097 -563 -1224 -255 -273 -349 -502 -1318 -628 -678
Net Cash Inflow / Outflow 0 18 166 -212 -13 82 3 453 -272 -260 658
Closing Cash & Cash Equivalent 0 60 235 23 10 92 94 547 277 16 675

Gujarat Gas Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -154.8 0.41 6.44 2.74 3.19 4.23 6.06 17.33 18.42 18.68 22.16
CEPS(Rs) -154.8 4.52 9.9 6.3 6.93 8.18 10.24 21.95 23.41 24.27 28.38
DPS(Rs) 0 0.42 1 0.5 0.6 0.8 1 1.25 2 2 6.65
Book NAV/Share(Rs) -152.8 23.72 28.92 21.92 23.89 26.82 31.73 47.8 64.62 81.34 101.62
Core EBITDA Margin(%) 0 7.37 12.12 11.68 14.36 14.28 12.51 15.65 20.9 12.52 13.97
EBIT Margin(%) 0 5.11 10.68 8.06 9.95 10.55 10.07 13.42 18.19 10.69 12.08
Pre Tax Margin(%) 0 1.16 7.02 4.06 5.79 7.3 7.46 11.47 16.86 10.21 11.7
PAT Margin (%) 0 0.36 4.85 3.02 4.19 4.6 5.24 11.34 12.61 7.66 8.81
Cash Profit Margin (%) 0 3.91 7.46 6.95 9.1 8.88 8.85 14.36 16.03 9.95 11.29
ROA(%) -0.21 0.67 6.55 2.91 3.54 4.49 6.06 15.88 15.46 14.23 14.92
ROE(%) 0 3.49 24.48 10.76 13.92 16.69 20.69 43.59 32.77 25.59 24.22
ROCE(%) 0 11.97 19.22 11.08 13.25 16.36 18.7 29.17 34.41 31.42 31.99
Receivable days 0 25.03 18.09 19.32 22.58 21.28 20.67 17.69 23.32 18.53 20.58
Inventory Days 0 1.72 1.57 2.41 2.89 2.83 2.89 2.01 1.79 1.15 1.21
Payable days 0 14.5 24.11 26.3 28.55 25.09 20.55 17.21 22.16 12.68 16.62
PER(x) 0 0 0 40.17 48.14 39.23 24.47 13.42 29.84 26.91 20.74
Price/Book(x) 0 0 0 5.01 6.42 6.19 4.67 4.87 8.51 6.18 4.52
Dividend Yield(%) 0 0 0 0.45 0.39 0.48 0.67 0.54 0.36 0.4 1.45
EV/Net Sales(x) 0 0.41 0.35 1.61 2.53 2.21 1.56 1.68 3.89 2.13 1.85
EV/Core EBITDA(x) 0 4.64 2.57 12.73 16.52 14.48 10.93 10.01 17.68 16 12.29
Net Sales Growth(%) 0 0 15.5 -32.21 -16.59 21.24 25.59 32.83 -4.21 66.79 1.84
EBIT Growth(%) 0 0 140.36 -48.42 3.58 28.33 19.81 76.24 29.51 -1.89 16.51
PAT Growth(%) 0 834.63 1460.25 -57.54 16.55 32.74 43.13 186.15 6.27 1.38 18.65
EPS Growth(%) 0 100.27 1460.19 -57.54 16.55 32.74 43.13 186.15 6.27 1.38 18.65
Debt/Equity(x) -392.67 2.02 1.62 1.56 1.43 1.26 1.01 0.61 0.2 0.09 0
Current Ratio(x) 538.52 0.65 0.66 0.26 0.37 0.47 0.62 0.79 0.58 0.55 0.71
Quick Ratio(x) 538.52 0.64 0.65 0.23 0.35 0.43 0.58 0.77 0.56 0.53 0.68
Interest Cover(x) 0.02 1.29 2.92 2.02 2.39 3.24 3.86 6.89 13.62 21.98 31.33
Total Debt/Mcap(x) 0 0 0 0.31 0.22 0.2 0.22 0.12 0.02 0.01 0

Gujarat Gas Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89 60.89
FII 5.98 5.18 5.03 5.17 4.67 4.47 3.8 3.34 3.72 4.31
DII 9.53 10.01 20.12 19.55 20.29 20.29 20.1 20.99 22.05 21.76
Public 23.6 23.91 13.96 14.38 14.15 14.35 15.2 14.77 13.33 13.03
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 39% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28%
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Debtor days have increased from 12.68 to 16.62days.
  • Stock is trading at 5.7 times its book value.

* 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.

Gujarat Gas News

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