Gujarat Gas Limited
₹280.45-₹8.50 (-2.9%)
Last close · Data as of Jul 17, 2026
- Market cap
- ₹28,087 Cr
- P/E
- 25.2x
- EV / EBITDA
- 13.4x
- Revenue
- ₹16,487 Cr
- Net margin
- 7.3%
- ROCE
- 24.3%
Price chart
Technical chartScreen technicals →-41.2% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -29.4%
- 3M
- -22.7%
- 6M
- -28.8%
- 1Y
- -41.2%
- 5Y
- -54.3%
52-week range
Day change -₹8.50 (-2.9%) from ₹289 to ₹280 · Last close Jul 17, 2026
Best weekday to invest, historically
The same weekly amount in GUJGASLTD, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Maintains healthy dividend payout of 34.0%
Concerns1
- Negative free cash flow (₹115 Cr)
Rule-based from financial data. Not advice.
About the company
Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations.
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Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations. It operates in the states of Gujarat, Maharashtra, Punjab, Madhya Pradesh, Rajasthan, and Haryana; and 1 union territory of Dadra and Nagar Haveli, and Daman and Diu. The company was formerly known as GSPC Distribution Networks Limited and changed its name to Gujarat Gas Limited in May 2015. Gujarat Gas Limited was incorporated in 2012 and is based in Gandhinagar, India. Gujarat Gas Limited operates as a subsidiary of Gujarat State Petronet Limited.
- Sector
- Energy
- Shares outstanding
- 68.7 Cr shares
- ISIN
- INE844O01030
- BSE code
- 539336
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹28,087 Cr
- P/E
- 25.2x
- P/B
- 3.2x
- EV / EBITDA
- 13.4x
- EV / Sales
- 1.8x
- P/S
- 1.8x
- Earnings yield
- 4.0%
- 52-week high
- ₹499.10
- 52-week low
- ₹280.45
Profitability
- Operating margin
- 12.1%
- Net margin
- 7.3%
- EBITDA margin
- 13.2%
- ROE
- 14.9%
- ROCE
- 24.3%
- ROA
- 9.8%
- Dividend payout
- 34.0%
- Tax rate
- 26.0%
- Other income, % of PBT
- 10.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹16,487 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.1%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.8%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,065 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -18.1%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,634 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -31.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹589 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 7.0%
Solvency and efficiency
- Current ratio
- 0.78
- Debt / Equity
- 0.02
- Debt / Assets
- 0.01
- Debt / EBITDA
- 0.07
- Interest coverage
- 35.26
- Financial leverage
- 1.52
- CFO / Net profit
- 1.43
- Cash / Market cap
- 10.1%
- Cash per share
- ₹41.38
- Asset turnover
- 1.35
- Fixed asset turnover
- 2.02
- Capital intensity
- 0.49
- Debtor days
- 24 days
- Cash conversion cycle
- 24 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹7 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹14,579 Cr |
| Sales | Operating profit | ₹1,908 Cr |
| Operating profit | Interest | ₹52 Cr |
| Operating profit | Depreciation | ₹511 Cr |
| Operating profit | Profit before tax | ₹1,345 Cr |
| Other income | Profit before tax | ₹201 Cr |
| Profit before tax | Tax and other | ₹401 Cr |
| Profit before tax | Net profit | ₹1,146 Cr |
Revenue and net profit
Revenue grew 5.1% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹9,866 Cr | ₹1,268 Cr |
| FY2022 | ₹16,456 Cr | ₹1,286 Cr |
| FY2023 | ₹16,759 Cr | ₹1,525 Cr |
| FY2024 | ₹15,690 Cr | ₹1,143 Cr |
| FY2025 | ₹16,487 Cr | ₹1,146 Cr |
Cash flows
FY2025: ₹1,806 Cr from operations, -₹115 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹1,659 Cr | ₹1,047 Cr |
| FY2022 | ₹1,662 Cr | ₹368 Cr |
| FY2023 | ₹2,378 Cr | ₹1,337 Cr |
| FY2024 | ₹1,634 Cr | ₹755 Cr |
| FY2025 | ₹1,806 Cr | -₹115 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹16,487 Cr+5.1%1Y
- Net profit
- ₹1,146 Cr+0.3%1Y
- Cash from operations
- ₹1,806 Cr
- Free cash flow
- -₹115 Cr-115.2%1Y
- Revenue CAGR, 5Y
- 8.8%
- EBITDA CAGR, 5Y
- 3.6%
- Net profit CAGR, 5Y
- -0.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹16,487 Cr | ₹1,908 Cr | — | ₹1,146 Cr | ₹1,806 Cr | -₹115 Cr | 13.6% | +5.1% | +0.3% |
Monthly returns
Month-by-month returns of GUJGASLTD across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹12,615 Cr |
| Equity capital | ₹138 Cr |
| Reserves | ₹8,316 Cr |
| Borrowings | ₹150 Cr |
| Other liabilities | ₹4,011 Cr |
| Assets | ₹12,615 Cr |
| Fixed assets | ₹8,208 Cr |
| Capital work in progress | ₹839 Cr |
| Investments | ₹136 Cr |
| Other assets | ₹3,433 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
GUJGASLTD trades at 25.2x earnings against a peer median of 24.8x.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Gujarat Gas LimitedGUJGASLTDthis company | ₹28,087 Cr | 25.2x | 3.2x | 14.9% | 13.4x |
| PETRONET LNG LTD.PETRONET | ₹43,065 Cr | 12.0x | 2.1x | 20.8% | 7.4x |
| NLC India LimitedNLCINDIA | ₹35,415 Cr | 18.5x | 1.9x | 11.5% | 8.5x |
| Premier Energies LimitedPREMIERENE | ₹33,913 Cr | 191.0x | 18.2x | 1.5% | 967.5x |
| SJVN LIMITEDSJVN | ₹31,207 Cr | 39.0x | 2.1x | 6.5% | 18.0x |
| Mangalore Refinery & PetrochemicalsMRPL | ₹25,464 Cr | 24.6x | 1.9x | 27.1% | 4.5x |
| Indraprashtha Gas Ltd.IGL | ₹25,331 Cr | 18.6x | 2.6x | 20.4% | 9.0x |
| CESC LimitedCESC | ₹21,217 Cr | 25.2x | 2.1x | 7.8% | 11.6x |
| Castrol India LtdCASTROLIND | ₹18,555 Cr | 19.0x | 10.2x | — | — |
| Peer median | — | 24.8x | 3.1x | 12.8% | 15.7x |
Year-to-date ROI
GUJGASLTD since 1 January, against earlier years.
Historical volatility
GUJGASLTD's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 21.0% |
| FY2022 | 13.0% |
| FY2023 | 14.0% |
| FY2024 | 12.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹16,487 Cr |
| Costs | |
| Interest | ₹52 Cr |
| Expenses | ₹14,579 Cr |
| Operating profitOperating Profit | ₹1,908 Cr |
| Other income and charges | |
| Profit before tax | ₹1,547 Cr |
| Tax | |
| Net profitNet Profit | ₹1,146 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹12,615 Cr |
| Equity capitalEquity Capital | ₹138 Cr |
| Reserves | ₹8,316 Cr |
| Borrowings | ₹150 Cr |
| Other liabilitiesOther Liabilities | ₹4,011 Cr |
| AssetsTotal Assets | ₹12,615 Cr |
| Fixed assetsFixed Assets | ₹8,208 Cr |
| Capital work in progressCWIP | ₹839 Cr |
| Investments | ₹136 Cr |
| Other assetsOther Assets | ₹3,433 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,806 Cr |
| Investing cash flowCash from Investing Activity | -₹1,921 Cr |
| Financing cash flowCash from Financing Activity | -₹474 Cr |
| Change in cashNet Cash Flow | -₹589 Cr |
Learn while you research
Academy chapters picked for Gujarat Gas Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read