GAIL India

₹105.1 -0.4 | 0.4%

WEBSITE BSE:532155 NSE : GAIL (I) LTD 23 Mar, 15:54

Market Cap ₹69071 Cr.

Stock P/E 8.2

P/B 1.1

Current Price ₹105.1

Book Value ₹ 99.8

Face Value 10

52W High ₹148.8

Dividend Yield 6.35%

52W Low ₹ 83

Edit Ratio

GAIL India Research see more...

Equity Research: GAIL

Overview Inc. Year: 1984Industry: Industrial Gases & Fuels

GAIL (India) Limited is an India-based natural gas processing and distribution corporation. The Company's segments are Petrochemicals, LPG,Transmission Services, Natural Gas Marketing, and Liquid Hydrocarbons and Other segment. Its Transmission Services segment includes natural gasoline and liquid petroleum gasoline (LPG). Its Other segment includes City Gas Distribution (CGD), GAIL Tel, exploration and production (E&P) and electricity technology. It has interests within the sourcing and trading of natural gasoline, manufacturing of LPG, liquid hydrocarbons and petrochemicals, transmission of natural gas and LPG through pipelines. It owns and operates a community of about 13,340 kilometers (km) of natural gas pipelines. It is also focused on increasing its presence in renewable energy with solar, wind and biofuel. Its subsidiaries are GAIL GAS Limited, Tripura Natural Gas Co Ltd., Bengal Gas Company Limited and Konkan LNG Limited,GAIL Global (Singapore) PTE Ltd, GAIL Global (USA) Inc.

Quarterly Price

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Peer Comparison

GAIL India Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	13810	15681	15757	17589	21782	26176	27328	37942	38729	35940
Other Income	295	219	448	114	274	421	363	91	241	450
Total Income	14105	15900	16205	17702	22056	26597	27690	38033	38970	36390
Total Expenditure	12387	13436	12875	14949	18160	21549	23064	33396	36825	35458
Operating Profit	1718	2464	3330	2753	3896	5048	4626	4638	2145	932
Interest	32	37	58	52	46	47	57	58	82	120
Depreciation	546	561	546	590	604	608	619	677	695	699
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	1140	1865	2726	2111	3246	4394	3951	3903	1368	113
Provision for Tax	364	449	684	383	855	1020	902	979	371	264
Profit After Tax	777	1417	2042	1728	2390	3374	3049	2923	998	-152
Adjustments	335	467	444	410	493	406	405	330	318	565
Profit After Adjustments	1112	1884	2487	2138	2883	3781	3454	3253	1315	414
Adjusted Earnings Per Share	1.6	2.8	3.7	3.2	4.3	5.7	5.2	4.9	2	0.6

GAIL India Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	44225	51094	61918	60704	52053	48552	54496	76190	72518	57372	92770	139939
Other Income	703	896	957	931	752	1049	844	1257	1736	1122	1183	1145
Total Income	44928	51990	62876	61635	52804	49601	55341	77447	74254	58493	93953	141083
Total Expenditure	37166	43676	53953	55121	47538	41961	46717	66566	63682	50128	77618	128743
Operating Profit	7762	8314	8923	6514	5266	7640	8623	10882	10571	8365	16335	12341
Interest	366	437	669	652	822	552	327	159	309	181	213	317
Depreciation	1041	1319	1644	1433	1496	1541	1527	1667	2080	2174	2420	2690
Exceptional Income / Expenses	0	0	313	63	0	211	0	0	0	0	0	0
Profit Before Tax	6355	6558	6922	4492	2949	5184	6923	9831	10429	7725	15464	9335
Provision for Tax	1954	2241	2195	1421	1091	1809	2123	3278	914	1583	3160	2516
Profit After Tax	4401	4317	4728	3071	1858	3375	4800	6553	9515	6143	12304	6818
Adjustments	43	57	59	89	12	-7	-1	-7	-93	-6	-48	1618
Profit After Adjustments	4444	4374	4786	3160	1869	3368	4799	6546	9422	6136	12256	8436
Adjusted Earnings Per Share	6.6	6.5	7.1	4.7	2.8	5	7.1	9.7	13.9	9.2	18.4	12.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	62%	7%	14%	8%
Operating Profit CAGR	95%	14%	16%	8%
PAT CAGR	100%	23%	30%	11%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	10%	26%	-1%	6%
ROE Average	21%	18%	16%	14%
ROCE Average	24%	19%	19%	16%

GAIL India Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	24915	28795	32457	34023	36403	39305	41679	46004	49268	53182	64114
Minority's Interest	982	1457	1759	1758	27	33	39	46	87	97	191
Borrowings	9341	13168	16061	14752	5865	3180	1119	1027	3773	5237	5468
Other Non-Current Liabilities	5723	6733	7743	9578	6575	7848	8792	12731	11279	11948	15098
Total Current Liabilities	10111	12822	12520	12712	10167	9299	11248	10660	12476	12177	15093
Total Liabilities	51072	62975	70540	72824	59038	59665	62875	70468	76884	82642	99964
Fixed Assets	20157	24303	27779	33976	29946	30092	30480	32700	38230	41160	44572
Other Non-Current Assets	22363	27492	28609	26484	19479	20189	21507	26719	26998	30615	39085
Total Current Assets	8551	11179	14152	12364	9612	9384	10888	11049	11657	10867	16307
Total Assets	51072	62975	70540	72824	59038	59665	62875	70468	76884	82642	99964

GAIL India Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	2584	1446	3065	3211	76	105	520	1377	297	624	1507
Cash Flow from Operating Activities	5111	6603	4615	4214	3960	6024	8769	7984	8345	8993	9629
Cash Flow from Investing Activities	-9351	-8443	-4142	-2116	-904	-383	-2632	-5707	-7445	-4693	-5646
Cash Flow from Financing Activities	3194	3642	-3	-3058	-3028	-5275	-5252	-3364	281	-3471	-3916
Net Cash Inflow / Outflow	-1046	1802	470	-960	29	366	885	-1087	1182	830	67
Closing Cash & Cash Equivalent	1446	3065	3211	1558	105	520	1377	297	624	1507	1520

GAIL India Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.57	6.46	7.07	4.67	2.76	4.98	7.09	9.68	13.93	9.21	18.4
CEPS(Rs)	8.04	8.33	9.42	6.66	4.96	7.27	9.35	12.15	17.14	12.49	22.11
DPS(Rs)	8.7	9.6	10.4	6	5.5	11.2	9.09	8.02	6.4	5	10
Book NAV/Share(Rs)	36.83	42.56	47.98	50.29	53.81	58.1	61.61	68	72.83	79.85	96.26
Core EBITDA Margin(%)	15.72	14.28	12.67	9.06	8.59	13.37	14.22	12.62	12.17	12.61	16.31
EBIT Margin(%)	14.97	13.47	12.07	8.35	7.18	11.63	13.26	13.1	14.8	13.77	16.88
Pre Tax Margin(%)	14.15	12.63	11.01	7.29	5.61	10.51	12.66	12.9	14.37	13.45	16.65
PAT Margin (%)	9.8	8.31	7.52	4.98	3.53	6.84	8.78	8.6	13.11	10.7	13.25
Cash Profit Margin (%)	12.12	10.85	10.13	7.31	6.38	9.97	11.57	10.78	15.98	14.48	15.85
ROA(%)	9.65	7.57	7.08	4.28	2.82	5.69	7.83	9.83	12.91	7.7	13.48
ROE(%)	19.08	16.07	15.44	9.24	5.28	8.91	11.86	14.95	19.97	11.99	20.98
ROCE(%)	20.83	17.13	15.77	9.96	7.71	12.64	16.07	21.46	20.62	13.59	23.69
Receivable days	17.1	17.7	18.04	19.72	20.61	20.26	20.62	18.66	23.09	26.44	21.51
Inventory Days	11.32	12.73	13.02	14.64	13.8	12.31	12.15	10.62	14.3	19.62	12.9
Payable days	28.19	29.27	29.32	29.22	27.36	28.27	29.7	23.93	25.03	34.96	25.55
PER(x)	10.7	9.26	9.96	15.61	24.18	18.9	15.44	11.96	3.66	9.81	5.64
Price/Book(x)	1.91	1.41	1.47	1.45	1.24	1.62	1.78	1.7	0.7	1.13	1.08
Dividend Yield(%)	2.32	3.01	2.77	1.54	1.54	2.98	2.77	2.31	8.37	3.69	6.42
EV/Net Sales(x)	1.3	1.05	1.02	1.09	1.01	1.41	1.37	1.04	0.55	1.14	0.8
EV/Core EBITDA(x)	7.42	6.48	7.06	10.14	9.95	8.93	8.63	7.27	3.77	7.81	4.54
Net Sales Growth(%)	25.67	15.53	21.18	-1.96	-14.25	-6.73	12.24	39.81	-4.82	-20.89	61.7
EBIT Growth(%)	8.81	4.07	8.52	-32.23	-26.7	52.12	14.91	40.53	7.48	-26.37	98.29
PAT Growth(%)	10.55	-1.91	9.52	-35.03	-39.52	81.67	21.59	40.87	45.2	-35.44	100.29
EPS Growth(%)	10.51	-1.58	9.43	-33.98	-40.85	80.19	42.48	36.4	43.94	-33.85	99.73
Debt/Equity(x)	0.46	0.57	0.57	0.54	0.25	0.15	0.08	0.05	0.14	0.14	0.12
Current Ratio(x)	0.85	0.87	1.13	0.97	0.95	1.01	0.97	1.04	0.93	0.89	1.08
Quick Ratio(x)	0.68	0.72	0.92	0.79	0.79	0.83	0.8	0.8	0.68	0.65	0.84
Interest Cover(x)	18.34	16	11.35	7.89	4.59	10.39	22.2	62.75	34.76	43.77	73.51
Total Debt/Mcap(x)	0.24	0.41	0.39	0.37	0.2	0.09	0.04	0.03	0.19	0.12	0.11

GAIL India Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	51.76	51.76	51.45	51.45	51.45	51.45	51.45	51.52	51.52	51.52
FII	14.99	15.51	15.52	16.83	18.22	19.56	19.49	19.78	19.65	17.91
DII	28.19	28.02	27.59	27.13	25.45	23.04	23.67	23.17	21.68	23.7
Public	4.39	4.02	4.73	3.85	4.11	5.28	4.72	4.83	6.42	6.12
Others	0.67	0.69	0.71	0.74	0.76	0.68	0.67	0.71	0.73	0.75
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	233.44	233.44	228.46	228.46	228.46	228.46	228.46	225.84	338.76	338.76
FII	67.6	69.97	68.91	74.74	80.91	86.83	86.53	86.69	129.18	117.74
DII	127.15	126.36	122.51	120.48	113.03	102.29	105.11	101.56	142.55	155.85
Public	19.8	18.14	21	17.1	18.26	23.46	20.97	21.15	42.22	40.26
Others	3.02	3.1	3.15	3.27	3.39	3	2.97	3.1	4.8	4.9
Total	451.01	451.01	444.04	444.04	444.04	444.04	444.04	438.34	657.51	657.51