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Gujarat Gas Ltd

(GUJGASLTD)

₹453.60.52%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Gujarat Gas Ltd Analyst Rating

based on 27 analysts

HOLD

39.29%

Buy

17.86%

Hold

42.86%

Sell

Based on 27 analysts offering long term price targets for Gujarat Gas Ltd. An average target of ₹568.44

Source: S&P Global Market Intelligence

Gujarat Gas Ltd Share analysis

Gujarat Gas Ltd price forecast by 27 analysts

Upside of25.97%

High

₹750

Target

₹568.44

Low

₹405

Gujarat Gas Ltd target price ₹568.44, a slight upside of 25.97% compared to current price of ₹453.6. According to 27 analysts rating.

Source: S&P Global Market Intelligence

Gujarat Gas Ltd Performance

  • Day's Low

    Day's High

    ₹443.4
    ₹460
  • 52 Week's Low

    52 Week's High

    ₹423
    ₹689.95
1 Month Return-17.49 %
3 Month Return-24.4 %
1 Year Return+ 5.64 %
Previous Close₹451.25
Open₹446.00
Volume10.54L
Upper Circuit-
Lower Circuit-
Market Cap₹31,063.60Cr

Gujarat Gas Ltd Key Statistics

P/E Ratio24.46
PEG Ratio101.91
Market Cap₹31,063.60 Cr
P/B Ratio4.87
EPS16.61
Dividend Yield1.04
SectorGas Distribution
ROE15.56

Gujarat Gas Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹31,063.60 Cr26.54%0.52₹1,143 Cr₹15,690 Cr
HOLD₹22,431.53 Cr-4.63%0.51₹1,983 Cr₹14,000 Cr
HOLD₹18,350.98 Cr10.23%0.51₹2,183 Cr₹17,294 Cr
HOLD₹47,092.50 Cr3.03%0.59₹3,527 Cr₹52,729 Cr
BUY₹1,22,743.96 Cr25.92%0.64₹9,902 Cr₹1,33,228 Cr

About Gujarat Gas Ltd

Gujarat Gas Limited (GGL) is India’s leading city gas distribution player with presence in 44 districts spread across Gujarat, Dadra Nagar Haveli, Thane and Palghar district of Maharashtra. It operates with 32800 km of gas pipeline network, 711 CNG stations and provides close to 9.75 mmscmd of Natural Gas to its 1.55 million households and 4000 industrial customers. In October 2012, GSPC acquired 65.12 equity stake in Gujarat Gas Company Limited (GGCL) from British Gas Group through GGL which paid Rs 2463.46 crore for the acquisition. Later, GGL acquired 8.58 stake in GGCL through open offer to the shareholders. In April 2014, GGL was vested with city gas distribution (CGD) business of GSPC. In December 2015, GGL signed a Gas Purchase Contract with GSPC for Regasified LNG. In June 2016, GGL was authorised to lay build operate or expand City or Local Natural Gas Distribution network CGD network for the Geographical Areas of Amreli, DahejVagra Taluka, Bharuch, Ahmedabad and Dahod districts. In July 2016, GGL was authorised to lay build operate or expand City or Local Natural Gas Distribution network CGD network for the Geographical Areas of Panchmahal District and Anand District. In May 2017, GGL entered into a nonbinding MoU with Petronet LNG Limited for exploring, dispensing and marketing of LNG and LCNG at GGL CNG stations. In March 2020, despite of countrywide lock down due to Coronavirus, GGL continued its uninterrupted supply of Natural Gas. During the year ended on 31 March 2021, GGL added 150 new CNG stations, added more than 100000 households, 350 industrial customers and laid pipeline network of over 4600 kms. On 1st June 2021, GGL signed Business Transfer Agreement to transfer/ purchase City Gas Distribution (CGD) Business from Gujarat State Petronet Limited to GGL for the Geographical Areas of Amritsar and Bhatinda. Furthermore, GGL signed an agreement with NTPC in FY22 to blend Green Hydrogen in Piped Natural Gas to be provided at NTPC Kawas Township.

Share Price: ₹453.60 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹31,063.60Cr as of today
Revenue: ₹3,781.75Cr as on September 2024 (Q3 24)
Net Profit: ₹308.74Cr as on September 2024 (Q3 24)
Listing date: 15 Sep, 2015
Chairperson Name: RAJ KUMAR
OrganisationGujarat Gas Ltd
HeadquartersAhmedabad
IndustryGas Distribution
E-voting on sharesClick here to vote

Key events for Gujarat Gas Ltd

  • Gujarat Gas Stock Target Price Cut Amid Decline - 21 Nov, 2024

    Gujarat Gas, along with other City Gas Distribution stocks, has seen a significant decline of 23% to 43% over the past three months. Target prices for Gujarat Gas have been reduced by 30-42%, and its rating downgraded to 'Reduce' from 'Buy'.

  • Gujarat Gas Faces Significant Stock Decline - 20 Nov, 2024

    Since October 17, Gujarat Gas and other City Gas Distribution companies have experienced substantial stock declines, attributed to cuts in natural gas allocations under the administered price mechanism.

  • Gujarat Gas Shares Decline Amid Downgrades - 19 Nov, 2024

    Gujarat Gas Ltd. shares dropped significantly as multiple brokerages downgraded their ratings and target prices, citing reduced domestic gas allocation impacting profitability.

  • Gujarat Gas Faces Profitability Challenges Amid Gas Cuts - 18 Nov, 2024

    Gujarat Gas shares fell significantly due to a reduction in APM gas allocation, impacting profitability. Despite this, a brokerage maintained a Buy rating, citing industrial segment strength.

  • Gujarat Gas Maintains Hold Rating with Target Price - 10 Nov, 2024

    Prabhudas Lilladher maintains a Hold rating on Gujarat Gas with a target price of Rs 565. Despite operational challenges, the company shows resilience with strategic expansions and improved margins. Q2 volumes declined, but non-Morbi sales grew. Future revenue and profit projections remain positive, with a focus on regional growth and CNG pricing adjustments.

  • Mixed Ratings for Gujarat Gas Amid Volume Concerns - 08 Nov, 2024

    Gujarat Gas faces mixed analyst ratings. Nomura suggests a target of ₹470, while Motilal Oswal maintains a Buy rating with a target of ₹660. Prabhudas Lilladher holds at ₹565, citing weak sales and cautious volume growth guidance.

  • Gujarat Gas Reports Mixed Q2 Results Amid Challenges - 07 Nov, 2024

    Gujarat Gas faced mixed results in Q2 FY25, with a slight increase in net profit but a decline in revenue. Citi maintains a sell rating, highlighting challenges in balancing volumes and margins. The stock saw a positive reaction despite these concerns.

  • Gujarat Gas Reports Strong Q2 Performance Despite Revenue Dip - 06 Nov, 2024

    Gujarat Gas Limited's Q2 FY25 results show a 12% increase in CNG volumes and a 3% rise in profit after tax to ₹307 crore, despite a slight revenue decline. The company continues to expand its operations and benefit from favorable government policies.

  • Negative Outlook for Gujarat Gas Amid Competition - 25 Oct, 2024

    The potential declaration of gas networks as common carriers poses a negative outlook for Gujarat Gas Ltd. and similar companies, as it may increase competition and reduce profits.

Insights on Gujarat Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 4.31% to 4.51% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 13.03% to 13.22% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, GAIL India Ltd has given 104.0% return, outperforming this stock by 131.5%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, GAIL India Ltd has given 49.4% return, outperforming this stock by 43.8%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 60.89% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 7.47% to 7.14% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 4.48K Cr → 3.82K Cr (in ₹), with an average decrease of 14.9% per quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 410.48 Cr → 308.74 Cr (in ₹), with an average decrease of 13.0% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, GUJGASLTD stock has moved down by -7.2%

Gujarat Gas Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹3,845.40Cr (-)₹3,929.10Cr (↑2.18%)₹4,134.18Cr (↑5.22%)₹4,450.30Cr (↑7.65%)₹3,781.75Cr (↓15.02%)
Net Income₹296.25Cr (-)₹221.02Cr (↓25.39%)₹410.48Cr (↑85.72%)₹330.71Cr (↓19.43%)₹308.74Cr (↓6.64%)
Net Profit Margin7.70% (-)5.63% (↓26.88%)9.93% (↑76.38%)7.43% (↓25.18%)8.16% (↑9.83%)
Value in ₹ crore
Details2021202220232024
Total Assets₹8,554.39Cr (-)₹9,610.76Cr (↑12.35%)₹10,964.26Cr (↑14.08%)₹11,715.62Cr (↑6.85%)
Total Liabilities₹4,105.75Cr (-)₹4,011.46Cr (↓2.30%)₹3,968.65Cr (↓1.07%)₹4,026.36Cr (↑1.45%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹1,421.90Cr (-)₹1,658.81Cr (↑16.66%)₹1,661.76Cr (↑0.18%)₹2,377.96Cr (↑43.10%)₹1,634.04Cr (↓31.28%)

Index Inclusions

BSE 500

₹34,361.41

-0.84 (-289.42%)

Nifty Midcap 150

₹20,180.90

-0.38 (-77.2%)

S&P BSE 250 LargeMidCap

₹10,169.78

-0.85 (-87.03%)

Nifty LargeMidcap 250

₹15,236.40

-0.68 (-104.3%)

S&P BSE 150 MidCap

₹15,286.70

-0.37 (-56.05%)

S&P BSE 400 MidSmallCap

₹11,623.42

-0.49 (-57.13%)

Nifty MidSmallcap 400

₹18,989.75

-0.45 (-86.25%)

S&P BSE PSU

₹18,694.00

-1.57 (-297.32%)

Nifty 500

₹21,820.85

-0.83 (-183.5%)

S&P BSE Energy

₹10,776.07

-1.44 (-157.9%)

BSE 200

₹10,722.03

-0.87 (-93.59%)

BSE Mid-Cap

₹44,467.99

-0.37 (-162.97%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Gujarat Gas Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.89%
0.00
Foreign Institutions
4.51%
4.56
Mutual Funds
7.14%
-4.47
Retail Investors
13.22%
1.43
Others
14.24%
-0.34

Gujarat Gas Ltd Key Indicators

Details20202021202220232024
Return On Equity %43.5932.7725.5924.2215.56
Details20202021202220232024
Return On Assets %15.1114.8513.413.949.76
Details20202021202220232024
Book Value Per Share (₹)48.1965.0481.78102.09112.18
Details20202021202220232024
Earning Per Share (₹)17.4118.4518.722.216.61

Gujarat Gas Ltd Valuation

Gujarat Gas Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.83x)

April 3, 2020

Industry (17.69x)

November 19, 2024

Today (24.46x)

November 19, 2024

Highest (42.23x)

June 11, 2019

LowHigh

Gujarat Gas Ltd Earnings and Dividends

  • Gujarat Gas Ltd Earnings Results

    Gujarat Gas Ltd’s net profit jumped 4.22% since last year same period to ₹308.74Cr in the Q2 2024-2025. On a quarterly growth basis, Gujarat Gas Ltd has generated -6.64% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Gujarat Gas Ltd Dividends May,2024

    In the quarter ending March 2024, Gujarat Gas Ltd has declared dividend of ₹5.66 - translating a dividend yield of 2.73%.

    Read More about Dividends

Gujarat Gas Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Gujarat Gas Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Gujarat Gas Ltd (GUJGASLTD) share price today is ₹453.6

Gujarat Gas Ltd is listed on NSE

Gujarat Gas Ltd is listed on BSE

  • Today’s highest price of Gujarat Gas Ltd is ₹460.
  • Today’s lowest price of Gujarat Gas Ltd is ₹443.4.

PE Ratio of Gujarat Gas Ltd is 24.46

PE ratio = Gujarat Gas Ltd Market price per share / Gujarat Gas Ltd Earnings per share

Today’s traded volume of Gujarat Gas Ltd(GUJGASLTD) is 10.54L.

Today’s market capitalisation of Gujarat Gas Ltd(GUJGASLTD) is ₹31063.6Cr.

Gujarat Gas Ltd(GUJGASLTDPrice
52 Week High
₹689.95
52 Week Low
₹423

Gujarat Gas Ltd(GUJGASLTD) share price is ₹453.6. It is down -34.26% from its 52 Week High price of ₹689.95

Gujarat Gas Ltd(GUJGASLTD) share price is ₹453.6. It is up 7.23% from its 52 Week Low price of ₹423

Gujarat Gas Ltd(GUJGASLTDReturns
1 Day Returns
2.35%
1 Month Returns
-17.49%
3 Month Returns
-24.4%
1 Year Returns
5.64%