Gujarat Gas Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 26, 2025, 10:23 pm

Market Cap	31,755 Cr.
Current Price	461
High / Low	690/360
Stock P/E	27.6
Book Value	123
Dividend Yield	1.23 %
ROCE	19.2 %
ROE	14.2 %
Face Value	2.00
PEG Ratio	-13.82

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gujarat Gas Ltd

Competitors of Gujarat Gas Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat State Petronet Ltd	18,038 Cr.	320	470/261	16.2	206	1.56 %	15.0 %	9.89 %	10.0
Gujarat Gas Ltd	31,755 Cr.	461	690/360	27.6	123	1.23 %	19.2 %	14.2 %	2.00
GAIL (India) Ltd	1,22,836 Cr.	187	246/151	11.6	129	3.48 %	14.0 %	13.0 %	10.0
Industry Average	57,543.00 Cr	322.67		18.47	152.67	2.09%	16.07%	12.36%	7.33

All Competitor Stocks of Gujarat Gas Ltd

Quarterly Result

Metric	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Sales	4,669	5,170	3,976	3,684	3,929	3,782	3,845	3,929	4,134	4,450	3,782	4,153	4,102
Expenses	3,972	4,563	3,334	3,102	3,368	3,394	3,349	3,528	3,543	3,915	3,268	3,772	3,652
Operating Profit	697	607	643	582	560	388	497	401	591	536	514	380	450
OPM %	15%	12%	16%	16%	14%	10%	13%	10%	14%	12%	14%	9%	11%
Other Income	6	20	19	32	33	25	28	24	88	39	40	58	75
Interest	14	14	13	8	6	7	8	7	7	8	8	9	7
Depreciation	102	103	106	109	109	115	118	120	121	123	130	129	129
Profit before tax	587	510	542	498	478	290	399	297	551	444	417	300	389
Tax %	24%	25%	25%	25%	22%	26%	26%	26%	25%	26%	26%	26%	26%
Net Profit	444	382	404	372	370	216	296	221	410	331	309	221	288
EPS in Rs	6.46	5.55	5.87	5.40	5.38	3.14	4.30	3.21	5.96	4.80	4.48	3.21	4.18

Last Updated: May 31, 2025, 9:05 am

Below is a detailed analysis of the quarterly data for Gujarat Gas Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Sales, as of Mar 2025, the value is 4,102.00 Cr.. The value appears to be declining and may need further review. It has decreased from 4,153.00 Cr. (Dec 2024) to 4,102.00 Cr., marking a decrease of 51.00 Cr..
For Expenses, as of Mar 2025, the value is 3,652.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3,772.00 Cr. (Dec 2024) to 3,652.00 Cr., marking a decrease of 120.00 Cr..
For Operating Profit, as of Mar 2025, the value is 450.00 Cr.. The value appears strong and on an upward trend. It has increased from 380.00 Cr. (Dec 2024) to 450.00 Cr., marking an increase of 70.00 Cr..
For OPM %, as of Mar 2025, the value is 11.00%. The value appears strong and on an upward trend. It has increased from 9.00% (Dec 2024) to 11.00%, marking an increase of 2.00%.
For Other Income, as of Mar 2025, the value is 75.00 Cr.. The value appears strong and on an upward trend. It has increased from 58.00 Cr. (Dec 2024) to 75.00 Cr., marking an increase of 17.00 Cr..
For Interest, as of Mar 2025, the value is 7.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 9.00 Cr. (Dec 2024) to 7.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Mar 2025, the value is 129.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 129.00 Cr..
For Profit before tax, as of Mar 2025, the value is 389.00 Cr.. The value appears strong and on an upward trend. It has increased from 300.00 Cr. (Dec 2024) to 389.00 Cr., marking an increase of 89.00 Cr..
For Tax %, as of Mar 2025, the value is 26.00%. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 26.00%.
For Net Profit, as of Mar 2025, the value is 288.00 Cr.. The value appears strong and on an upward trend. It has increased from 221.00 Cr. (Dec 2024) to 288.00 Cr., marking an increase of 67.00 Cr..
For EPS in Rs, as of Mar 2025, the value is 4.18. The value appears strong and on an upward trend. It has increased from 3.21 (Dec 2024) to 4.18, marking an increase of 0.97.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 5:23 pm

Metric	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	9,006	6,106	5,093	6,174	7,754	10,300	9,866	16,456	16,759	15,690	16,487
Expenses	7,894	5,367	4,331	5,261	6,758	8,652	7,761	14,354	14,338	13,787	14,607
Operating Profit	1,112	739	762	913	997	1,649	2,105	2,103	2,422	1,904	1,880
OPM %	12%	12%	15%	15%	13%	16%	21%	13%	14%	12%	11%
Other Income	101	12	18	29	95	82	70	79	101	161	213
Interest	334	250	218	206	208	205	134	82	67	54	32
Depreciation	238	245	257	272	288	318	344	385	428	474	511
Profit before tax	641	256	305	464	596	1,208	1,698	1,715	2,028	1,537	1,549
Tax %	31%	26%	28%	37%	30%	1%	25%	25%	25%	26%	26%
Net Profit	447	190	221	292	418	1,199	1,270	1,287	1,528	1,144	1,148
EPS in Rs	0.99	2.76	3.20	4.25	6.08	17.41	18.45	18.70	22.20	16.61	16.68
Dividend Payout %	15%	18%	19%	19%	16%	7%	11%	11%	30%	34%	35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-57.49%	16.32%	32.13%	43.15%	186.84%	5.92%	1.34%	18.73%	-25.13%	0.35%
Change in YoY Net Profit Growth (%)	0.00%	73.81%	15.81%	11.02%	143.69%	-180.92%	-4.58%	17.39%	-43.86%	25.48%

Gujarat Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	6%
5 Years:	10%
3 Years:	0%
TTM:	5%

Compounded Profit Growth
10 Years:	10%
5 Years:	-1%
3 Years:	-4%
TTM:	4%

Stock Price CAGR
10 Years:	%
5 Years:	8%
3 Years:	4%
1 Year:	-25%

Return on Equity
10 Years:	21%
5 Years:	21%
3 Years:	17%
Last Year:	14%

Last Updated: Unknown

Balance Sheet

Last Updated: June 16, 2025, 12:03 pm

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	138	138	138	138	138	138	138	138	138	138	138
Reserves	1,872	1,386	1,526	1,729	2,068	3,180	4,340	5,492	6,890	7,585	8,352
Borrowings	3,226	2,357	2,359	2,328	2,213	2,055	983	629	152	150	150
Other Liabilities	1,679	2,189	2,353	2,467	2,739	2,553	3,079	3,329	3,747	3,819	4,011
Total Liabilities	6,915	6,069	6,375	6,662	7,158	7,925	8,539	9,587	10,927	11,692	12,651
Fixed Assets	4,487	4,673	4,903	5,094	5,290	5,585	6,040	6,631	7,338	7,763	8,223
CWIP	357	468	506	478	489	569	731	992	983	918	824
Investments	1,118	144	92	41	42	43	48	52	63	168	172
Other Assets	953	784	875	1,049	1,337	1,728	1,719	1,912	2,544	2,842	3,433
Total Assets	6,915	6,069	6,375	6,662	7,158	7,925	8,539	9,587	10,927	11,692	12,651

Below is a detailed analysis of the balance sheet data for Gujarat Gas Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

For Equity Capital, as of Mar 2025, the value is 138.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 138.00 Cr..
For Reserves, as of Mar 2025, the value is 8,352.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,585.00 Cr. (Mar 2024) to 8,352.00 Cr., marking an increase of 767.00 Cr..
For Borrowings, as of Mar 2025, the value is 150.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 150.00 Cr..
For Other Liabilities, as of Mar 2025, the value is 4,011.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,819.00 Cr. (Mar 2024) to 4,011.00 Cr., marking an increase of 192.00 Cr..
For Total Liabilities, as of Mar 2025, the value is 12,651.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 11,692.00 Cr. (Mar 2024) to 12,651.00 Cr., marking an increase of 959.00 Cr..
For Fixed Assets, as of Mar 2025, the value is 8,223.00 Cr.. The value appears strong and on an upward trend. It has increased from 7,763.00 Cr. (Mar 2024) to 8,223.00 Cr., marking an increase of 460.00 Cr..
For CWIP, as of Mar 2025, the value is 824.00 Cr.. The value appears to be declining and may need further review. It has decreased from 918.00 Cr. (Mar 2024) to 824.00 Cr., marking a decrease of 94.00 Cr..
For Investments, as of Mar 2025, the value is 172.00 Cr.. The value appears strong and on an upward trend. It has increased from 168.00 Cr. (Mar 2024) to 172.00 Cr., marking an increase of 4.00 Cr..
For Other Assets, as of Mar 2025, the value is 3,433.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,842.00 Cr. (Mar 2024) to 3,433.00 Cr., marking an increase of 591.00 Cr..
For Total Assets, as of Mar 2025, the value is 12,651.00 Cr.. The value appears strong and on an upward trend. It has increased from 11,692.00 Cr. (Mar 2024) to 12,651.00 Cr., marking an increase of 959.00 Cr..

Notably, the Reserves (8,352.00 Cr.) exceed the Borrowings (150.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Month		Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	1,094	637	701	785	964	1,420	1,659	1,662	2,375	1,634	1,806
Cash from Investing Activity +	-365	375	-458	-430	-612	-466	-614	-1,294	-1,039	-879	-1,921
Cash from Financing Activity +	-563	-1,224	-251	-273	-349	-502	-1,318	-628	-678	-514	-474
Net Cash Flow	166	-212	-9	82	3	451	-273	-260	658	241	-589

Free Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-2.00	737.00	760.00	911.00	995.00	-1.00	-981.00	-627.00	-150.00	-149.00	-149.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	15	18	25	23	24	18	29	21	22	24
Inventory Days	2	3	4	4	4	2	3
Days Payable	21	19	30	23	21	16	23
Cash Conversion Cycle	-4	2	-1	4	7	4	8	21	22	24
Working Capital Days	-81	-85	-67	-55	-45	-38	-43	-23	-32	-34
ROCE %		12%	13%	17%	19%	29%	34%	31%	31%	20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%	60.89%
FIIs	5.98%	5.18%	5.03%	5.17%	4.67%	4.47%	3.80%	3.34%	3.72%	4.31%	4.51%	4.53%
DIIs	9.53%	10.01%	13.03%	12.55%	13.28%	13.28%	13.09%	13.98%	15.04%	14.75%	14.38%	14.21%
Government	0.00%	0.00%	7.08%	7.01%	7.01%	7.01%	7.01%	7.01%	7.01%	7.01%	7.01%	7.01%
Public	23.60%	23.91%	13.96%	14.38%	14.15%	14.34%	15.20%	14.78%	13.32%	13.04%	13.20%	13.35%
No. of Shareholders	1,86,495	1,96,557	1,91,278	1,85,090	1,80,747	1,84,281	2,11,378	2,13,432	1,78,664	1,74,549	1,72,026	1,78,067

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Multi Asset Fund	6,709,140	0.98	455.48	6,709,140	2025-04-22 17:25:34	0%
ICICI Prudential Large & Mid Cap Fund	5,349,809	2.31	363.2	5,349,809	2025-04-22 17:25:34	0%
DSP Mid Cap Fund	4,383,771	1.49	297.61	4,383,771	2025-04-22 15:56:57	0%
ICICI Prudential Infrastructure Fund	3,398,077	3.81	230.7	3,398,077	2025-04-22 15:56:57	0%
Nippon India Growth Fund	2,900,000	0.6	196.88	2,900,000	2025-04-22 17:25:34	0%
ICICI Prudential MidCap Fund	2,297,913	2.33	156.01	2,297,913	2025-04-22 17:25:34	0%
UTI Mid Cap Fund	2,090,763	1.14	141.94	2,090,763	2025-04-22 15:56:57	0%
ICICI Prudential Value Discovery Fund	1,445,508	0.2	98.14	1,445,508	2025-04-22 17:25:34	0%
ICICI Prudential Multicap Fund	1,231,839	0.6	83.63	1,231,839	2025-04-22 17:25:34	0%
Aditya Birla Sun Life Equity Advantage Fund	1,030,690	1.11	69.97	1,030,690	2025-04-22 15:56:57	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	16.61	22.20	18.70	18.56	17.41
Diluted EPS (Rs.)	16.61	22.20	18.70	18.56	17.41
Cash EPS (Rs.)	23.47	28.38	24.27	23.48	22.03
Book Value[Excl.RevalReserv]/Share (Rs.)	112.18	102.09	81.78	65.54	48.19
Book Value[Incl.RevalReserv]/Share (Rs.)	112.18	102.09	81.78	65.54	48.19
Revenue From Operations / Share (Rs.)	227.92	243.45	239.05	143.15	149.63
PBDIT / Share (Rs.)	28.80	36.22	31.48	31.41	24.96
PBIT / Share (Rs.)	21.91	30.00	25.89	26.45	20.34
PBT / Share (Rs.)	22.29	29.41	24.89	24.77	17.55
Net Profit / Share (Rs.)	16.58	22.16	18.68	18.53	17.41
NP After MI And SOA / Share (Rs.)	16.61	22.20	18.70	18.56	17.41
PBDIT Margin (%)	12.63	14.87	13.16	21.93	16.68
PBIT Margin (%)	9.61	12.32	10.83	18.48	13.59
PBT Margin (%)	9.78	12.08	10.41	17.30	11.72
Net Profit Margin (%)	7.27	9.10	7.81	12.94	11.63
NP After MI And SOA Margin (%)	7.28	9.11	7.82	12.96	11.63
Return on Networth / Equity (%)	14.81	21.74	22.86	28.32	36.13
Return on Capital Employeed (%)	16.99	25.41	25.18	29.05	22.93
Return On Assets (%)	9.78	13.98	13.42	15.06	15.12
Long Term Debt / Equity (X)	0.00	0.00	0.06	0.17	0.55
Total Debt / Equity (X)	0.00	0.00	0.08	0.17	0.55
Asset Turnover Ratio (%)	1.39	1.63	1.82	1.20	1.37
Current Ratio (X)	0.79	0.70	0.55	0.63	0.79
Quick Ratio (X)	0.77	0.68	0.53	0.61	0.76
Inventory Turnover Ratio (X)	209.52	231.76	254.62	141.99	136.28
Dividend Payout Ratio (NP) (%)	40.02	9.00	10.69	6.73	5.74
Dividend Payout Ratio (CP) (%)	28.29	7.03	8.23	5.31	4.53
Earning Retention Ratio (%)	59.98	91.00	89.31	93.27	94.26
Cash Earning Retention Ratio (%)	71.71	92.97	91.77	94.69	95.47
Interest Coverage Ratio (X)	67.64	61.79	38.14	18.59	8.94
Interest Coverage Ratio (Post Tax) (X)	38.03	38.81	23.84	11.97	7.24
Enterprise Value (Cr.)	36540.05	30964.77	35062.20	38293.78	17152.47
EV / Net Operating Revenue (X)	2.33	1.85	2.13	3.89	1.67
EV / EBITDA (X)	18.43	12.42	16.18	17.71	9.98
MarketCap / Net Operating Revenue (X)	2.39	1.89	2.10	3.84	1.55
Retention Ratios (%)	59.97	90.99	89.30	93.26	94.25
Price / BV (X)	4.85	4.50	6.15	8.39	4.83
Price / Net Operating Revenue (X)	2.39	1.89	2.10	3.84	1.55
EarningsYield	0.03	0.04	0.03	0.03	0.07

After reviewing the key financial ratios for Gujarat Gas Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 16.61. This value is within the healthy range. It has decreased from 22.20 (Mar 23) to 16.61, marking a decrease of 5.59.
For Diluted EPS (Rs.), as of Mar 24, the value is 16.61. This value is within the healthy range. It has decreased from 22.20 (Mar 23) to 16.61, marking a decrease of 5.59.
For Cash EPS (Rs.), as of Mar 24, the value is 23.47. This value is within the healthy range. It has decreased from 28.38 (Mar 23) to 23.47, marking a decrease of 4.91.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 112.18. It has increased from 102.09 (Mar 23) to 112.18, marking an increase of 10.09.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 112.18. It has increased from 102.09 (Mar 23) to 112.18, marking an increase of 10.09.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 227.92. It has decreased from 243.45 (Mar 23) to 227.92, marking a decrease of 15.53.
For PBDIT / Share (Rs.), as of Mar 24, the value is 28.80. This value is within the healthy range. It has decreased from 36.22 (Mar 23) to 28.80, marking a decrease of 7.42.
For PBIT / Share (Rs.), as of Mar 24, the value is 21.91. This value is within the healthy range. It has decreased from 30.00 (Mar 23) to 21.91, marking a decrease of 8.09.
For PBT / Share (Rs.), as of Mar 24, the value is 22.29. This value is within the healthy range. It has decreased from 29.41 (Mar 23) to 22.29, marking a decrease of 7.12.
For Net Profit / Share (Rs.), as of Mar 24, the value is 16.58. This value is within the healthy range. It has decreased from 22.16 (Mar 23) to 16.58, marking a decrease of 5.58.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 16.61. This value is within the healthy range. It has decreased from 22.20 (Mar 23) to 16.61, marking a decrease of 5.59.
For PBDIT Margin (%), as of Mar 24, the value is 12.63. This value is within the healthy range. It has decreased from 14.87 (Mar 23) to 12.63, marking a decrease of 2.24.
For PBIT Margin (%), as of Mar 24, the value is 9.61. This value is below the healthy minimum of 10. It has decreased from 12.32 (Mar 23) to 9.61, marking a decrease of 2.71.
For PBT Margin (%), as of Mar 24, the value is 9.78. This value is below the healthy minimum of 10. It has decreased from 12.08 (Mar 23) to 9.78, marking a decrease of 2.30.
For Net Profit Margin (%), as of Mar 24, the value is 7.27. This value is within the healthy range. It has decreased from 9.10 (Mar 23) to 7.27, marking a decrease of 1.83.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 7.28. This value is below the healthy minimum of 8. It has decreased from 9.11 (Mar 23) to 7.28, marking a decrease of 1.83.
For Return on Networth / Equity (%), as of Mar 24, the value is 14.81. This value is below the healthy minimum of 15. It has decreased from 21.74 (Mar 23) to 14.81, marking a decrease of 6.93.
For Return on Capital Employeed (%), as of Mar 24, the value is 16.99. This value is within the healthy range. It has decreased from 25.41 (Mar 23) to 16.99, marking a decrease of 8.42.
For Return On Assets (%), as of Mar 24, the value is 9.78. This value is within the healthy range. It has decreased from 13.98 (Mar 23) to 9.78, marking a decrease of 4.20.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.39. It has decreased from 1.63 (Mar 23) to 1.39, marking a decrease of 0.24.
For Current Ratio (X), as of Mar 24, the value is 0.79. This value is below the healthy minimum of 1.5. It has increased from 0.70 (Mar 23) to 0.79, marking an increase of 0.09.
For Quick Ratio (X), as of Mar 24, the value is 0.77. This value is below the healthy minimum of 1. It has increased from 0.68 (Mar 23) to 0.77, marking an increase of 0.09.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 209.52. This value exceeds the healthy maximum of 8. It has decreased from 231.76 (Mar 23) to 209.52, marking a decrease of 22.24.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 40.02. This value is within the healthy range. It has increased from 9.00 (Mar 23) to 40.02, marking an increase of 31.02.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 28.29. This value is within the healthy range. It has increased from 7.03 (Mar 23) to 28.29, marking an increase of 21.26.
For Earning Retention Ratio (%), as of Mar 24, the value is 59.98. This value is within the healthy range. It has decreased from 91.00 (Mar 23) to 59.98, marking a decrease of 31.02.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 71.71. This value exceeds the healthy maximum of 70. It has decreased from 92.97 (Mar 23) to 71.71, marking a decrease of 21.26.
For Interest Coverage Ratio (X), as of Mar 24, the value is 67.64. This value is within the healthy range. It has increased from 61.79 (Mar 23) to 67.64, marking an increase of 5.85.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 38.03. This value is within the healthy range. It has decreased from 38.81 (Mar 23) to 38.03, marking a decrease of 0.78.
For Enterprise Value (Cr.), as of Mar 24, the value is 36,540.05. It has increased from 30,964.77 (Mar 23) to 36,540.05, marking an increase of 5,575.28.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.33. This value is within the healthy range. It has increased from 1.85 (Mar 23) to 2.33, marking an increase of 0.48.
For EV / EBITDA (X), as of Mar 24, the value is 18.43. This value exceeds the healthy maximum of 15. It has increased from 12.42 (Mar 23) to 18.43, marking an increase of 6.01.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.39. This value is within the healthy range. It has increased from 1.89 (Mar 23) to 2.39, marking an increase of 0.50.
For Retention Ratios (%), as of Mar 24, the value is 59.97. This value is within the healthy range. It has decreased from 90.99 (Mar 23) to 59.97, marking a decrease of 31.02.
For Price / BV (X), as of Mar 24, the value is 4.85. This value exceeds the healthy maximum of 3. It has increased from 4.50 (Mar 23) to 4.85, marking an increase of 0.35.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.39. This value is within the healthy range. It has increased from 1.89 (Mar 23) to 2.39, marking an increase of 0.50.
For EarningsYield, as of Mar 24, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.04 (Mar 23) to 0.03, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gujarat Gas Ltd as of June 29, 2025 is: 390.39

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of June 29, 2025, Gujarat Gas Ltd is Overvalued by 15.32% compared to the current share price 461.00

Intrinsic Value of Gujarat Gas Ltd as of June 29, 2025 is: 382.59

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of June 29, 2025, Gujarat Gas Ltd is Overvalued by 17.01% compared to the current share price 461.00

Last 5 Year EPS CAGR: -2.00%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.60%, which is a positive sign. The stock has a low average Working Capital Days of -50.30, which is a positive sign. The company has higher reserves (4,038.18 cr) compared to borrowings (1,509.27 cr), indicating strong financial stability. The company has shown consistent growth in sales (10.45 cr) and profit (206.27 cr) over the years.	The stock has a high average Cash Conversion Cycle of 8.70, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gujarat Gas Ltd:
1. Net Profit Margin: 7.27%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.99% (Industry Average ROCE: 16.07%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.81% (Industry Average ROE: 12.36%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 38.03
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.77
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 27.6 (Industry average Stock P/E: 18.47)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Gujarat Gas Ltd. is a Public Limited Listed company incorporated on 21/02/2012 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L40200GJ2012SGC069118 and registration number is 069118. Currently Company is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company's Total Operating Revenue is Rs. 16486.95 Cr. and Equity Capital is Rs. 137.68 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Gas Transmission/Marketing	Gujarat Gas CNG Station, Gandhinagar Gujarat 382006	Investors@GUJARATGAS.com http://www.gujaratgas.com

Management
Name	Position Held
Mr. Raj Kumar	Chairman
Mr. Milind Torawane	Managing Director
Mr. Balwant Singh	Director
Dr. Rekha Jain	Director
Prof. Yogesh Singh	Director
Mr. Bhadresh Mehta	Director
Mr. S J Haider	Director

FAQ

What is the intrinsic value of Gujarat Gas Ltd?

Gujarat Gas Ltd's intrinsic value (as of 28 June 2025) is 390.39 — 15.32% lower the current market price of 461.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 31,755 Cr. market cap, FY2025-2026 high/low of 690/360, reserves of 8,352 Cr, and liabilities of 12,651 Cr.

What is the Market Cap of Gujarat Gas Ltd?

The Market Cap of Gujarat Gas Ltd is 31,755 Cr..

What is the current Stock Price of Gujarat Gas Ltd as on 28 June 2025?

The current stock price of Gujarat Gas Ltd as on 28 June 2025 is 461.

What is the High / Low of Gujarat Gas Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Gujarat Gas Ltd stocks is ₹690/360.

What is the Stock P/E of Gujarat Gas Ltd?

The Stock P/E of Gujarat Gas Ltd is 27.6.

What is the Book Value of Gujarat Gas Ltd?

The Book Value of Gujarat Gas Ltd is 123.

What is the Dividend Yield of Gujarat Gas Ltd?

The Dividend Yield of Gujarat Gas Ltd is 1.23 %.

What is the ROCE of Gujarat Gas Ltd?

The ROCE of Gujarat Gas Ltd is 19.2 %.

What is the ROE of Gujarat Gas Ltd?

The ROE of Gujarat Gas Ltd is 14.2 %.

What is the Face Value of Gujarat Gas Ltd?

The Face Value of Gujarat Gas Ltd is 2.00.