Gujarat Gas

₹482.3 3.1 | 0.6%

WEBSITE BSE:539336 NSE : GUJGAS 09 Jun, 13:03

Market Cap ₹33201 Cr.

Stock P/E 21.7

P/B 4.7

Current Price ₹482.3

Book Value ₹ 102.1

Face Value 2

52W High ₹539.1

Dividend Yield 1.38%

52W Low ₹ 403.6

Edit Ratio

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.

Gujarat Gas Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Gujarat Gas Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	2886	3489	3066	3686	5241	4773	5303	4108	3821	4074
Other Income	20	19	21	19	35	18	19	19	32	32
Total Income	2905	3508	3087	3705	5276	4791	5322	4126	3853	4106
Total Expenditure	2271	2935	2343	3265	5004	4076	4697	3465	3239	3514
Operating Profit	634	573	744	440	273	715	626	661	614	592
Interest	24	18	16	12	14	14	14	13	8	6
Depreciation	86	87	91	94	97	102	103	106	109	109
Exceptional Income / Expenses	0	0	0	0	0	-12	0	0	0	0
Profit Before Tax	524	468	638	334	162	587	509	542	497	477
Provision for Tax	132	118	162	85	40	142	128	138	126	107
Profit After Tax	392	350	476	249	122	444	381	404	371	369
Adjustments	0	1	1	0	1	0	1	0	0	1
Profit After Adjustments	392	351	477	249	123	444	382	404	372	371
Adjusted Earnings Per Share	5.7	5.1	6.9	3.6	1.8	6.5	5.5	5.9	5.4	5.4

Gujarat Gas Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	9006	6106	5093	6174	7754	10300	9866	16456	17306
Other Income	107	45	26	36	112	84	72	91	102
Total Income	9113	6150	5119	6210	7866	10384	9938	16547	17407
Total Expenditure	7899	5376	4340	5269	6758	8653	7765	14355	14915
Operating Profit	1214	774	779	941	1108	1731	2173	2192	2493
Interest	334	250	218	206	208	205	134	82	41
Depreciation	238	245	257	272	288	318	344	385	427
Exceptional Income / Expenses	-1	-26	0	0	-18	0	0	-12	0
Profit Before Tax	641	256	305	464	596	1208	1698	1715	2025
Provision for Tax	198	66	84	172	177	9	427	428	499
Profit After Tax	444	190	221	292	418	1199	1270	1287	1525
Adjustments	19	0	0	0	0	0	0	0	2
Profit After Adjustments	463	190	221	292	418	1199	1270	1287	1529
Adjusted Earnings Per Share	6.7	2.8	3.2	4.2	6.1	17.4	18.5	18.7	22.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	67%	29%	26%	0%
Operating Profit CAGR	1%	26%	23%	0%
PAT CAGR	1%	45%	42%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-4%	18%	24%	NA%
ROE Average	25%	34%	28%	23%
ROCE Average	31%	32%	26%	22%

Gujarat Gas Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2010	1523	1664	1866	2205	3317	4478	5630
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	1491	1707	2291	2213	2089	1834	770	391
Other Non-Current Liabilities	953	1016	1020	1084	1186	954	978	1056
Total Current Liabilities	2461	1823	1400	1498	1677	1819	2314	2511
Total Liabilities	6915	6069	6375	6662	7158	7925	8539	9587
Fixed Assets	4487	4673	4902	5093	5289	5584	6039	6630
Other Non-Current Assets	796	930	947	869	832	901	1159	1567
Total Current Assets	1632	466	527	700	1037	1440	1341	1390
Total Assets	6915	6069	6375	6662	7158	7925	8539	9587

Gujarat Gas Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	68	235	23	14	96	98	550	277
Cash Flow from Operating Activities	1094	637	701	785	964	1420	1659	1662
Cash Flow from Investing Activities	-365	375	-458	-430	-612	-466	-614	-1294
Cash Flow from Financing Activities	-563	-1224	-251	-273	-349	-502	-1318	-628
Net Cash Inflow / Outflow	166	-212	-9	82	3	451	-273	-260
Closing Cash & Cash Equivalent	235	23	14	96	98	549	277	17

Gujarat Gas Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.72	2.76	3.2	4.25	6.08	17.41	18.45	18.7
CEPS(Rs)	9.9	6.33	6.94	8.2	10.26	22.03	23.44	24.29
DPS(Rs)	1	0.5	0.6	0.8	1	1.25	2	2
Book NAV/Share(Rs)	29.19	22.13	24.17	27.11	32.03	48.19	65.04	81.78
Core EBITDA Margin(%)	12.12	11.68	14.36	14.28	12.51	15.65	20.9	12.52
EBIT Margin(%)	10.68	8.09	9.98	10.58	10.09	13.42	18.21	10.7
Pre Tax Margin(%)	7.02	4.1	5.82	7.32	7.48	11.48	16.88	10.22
PAT Margin (%)	4.85	3.04	4.21	4.61	5.26	11.39	12.63	7.67
Cash Profit Margin (%)	7.46	6.97	9.12	8.9	8.87	14.41	16.05	9.96
ROA(%)	6.42	2.93	3.55	4.49	6.06	15.9	15.43	14.2
ROE(%)	22.07	10.76	13.84	16.57	20.55	43.41	32.59	25.47
ROCE(%)	18.64	11.09	13.23	16.32	18.65	29.03	34.27	31.29
Receivable days	14.4	19.32	22.58	21.28	20.67	17.69	23.32	18.53
Inventory Days	1.64	2.41	2.89	2.83	2.89	2.01	1.79	1.15
Payable days	21.54	26.33	28.77	25.37	20.77	17.33	22.24	12.72
PER(x)	0	39.81	47.9	39.09	24.39	13.36	29.79	26.88
Price/Book(x)	0	4.97	6.35	6.12	4.63	4.83	8.45	6.15
Dividend Yield(%)	0	0.45	0.39	0.48	0.67	0.54	0.36	0.4
EV/Net Sales(x)	0.35	1.61	2.53	2.21	1.56	1.68	3.89	2.13
EV/Core EBITDA(x)	2.57	12.73	16.52	14.47	10.93	10	17.68	16
Net Sales Growth(%)	0	-32.21	-16.59	21.24	25.59	32.83	-4.21	66.79
EBIT Growth(%)	0	-48.2	3.4	28.27	19.82	75.88	29.65	-1.91
PAT Growth(%)	0	-57.16	16.08	32.57	43.09	186.49	5.97	1.34
EPS Growth(%)	0	-58.93	16.08	32.57	43.09	186.49	5.97	1.34
Debt/Equity(x)	1.61	1.55	1.42	1.25	1	0.6	0.2	0.09
Current Ratio(x)	0.66	0.26	0.38	0.47	0.62	0.79	0.58	0.55
Quick Ratio(x)	0.65	0.23	0.35	0.43	0.58	0.77	0.56	0.53
Interest Cover(x)	2.92	2.02	2.4	3.25	3.87	6.89	13.64	22
Total Debt/Mcap(x)	0	0.31	0.22	0.2	0.22	0.12	0.02	0.01

Gujarat Gas Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	60.89	60.89	60.89	60.89	60.89	60.89	60.89	60.89	60.89	60.89
FII	9.01	8.64	8.17	7.86	7.72	5.98	5.18	5.03	5.17	4.67
DII	7.32	7.38	7.9	8.07	8.03	9.53	10.01	20.12	19.55	20.29
Public	22.78	23.09	23.04	23.18	23.36	23.6	23.91	13.96	14.38	14.15
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	41.92	41.92	41.92	41.92	41.92	41.92	41.92	41.92	41.92	41.92
FII	6.2	5.95	5.63	5.41	5.31	4.12	3.57	3.46	3.56	3.21
DII	5.04	5.08	5.44	5.55	5.53	6.56	6.89	13.85	13.46	13.97
Public	15.68	15.89	15.86	15.95	16.08	16.24	16.46	9.61	9.9	9.74
Others	0	0	0	0	0	0	0	0	0	0
Total	68.84	68.84	68.84	68.84	68.84	68.84	68.84	68.84	68.84	68.84

Pros

Company has delivered good profit growth of 42% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 34%
Debtor days have improved from 22.24 to 12.72days.
Company has reduced debt.
Company is almost debt free.

Cons

Stock is trading at 4.7 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.