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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of GAIL (India) Ltd

About the Company - GAIL (India) Ltd

GAIL (India) Ltd. is a Public Limited Listed company incorporated on 16/08/1984 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L40200DL1984GOI018976 and registration number is 018976. Currently Company is involved in the business activities of Electric power generation, transmission and distribution. Company’s Total Operating Revenue is Rs. 91626.48 Cr. and Equity Capital is Rs. 4440.39 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Oil Drilling And Exploration16, Bhikaiji Cama Place, R.K. Puram, New Delhi Delhi 110066shareholders@gail.co.in
https://www.gailonline.com
Management
NamePosition Held
Mr. Sandeep Kumar GuptaChairman & Managing Director
Mr. M V IyerDirector - Business Development
Mr. Rakesh Kumar JainDirector - Finance
Mr. Deepak GuptaDirector - Projects
Mr. Ayush GuptaDirector - Human Resources
Mr. Akhilesh JainIndependent Director
Mr. Sher SinghIndependent Director
Mr. Sanjay KashyapIndependent Director
Mr. Nandhagopal NarayanasamyIndependent Director
Mrs. Kangabam Inaocha DeviIndependent Director
Dr. Ravikant KolheIndependent Director
Mr. Sanjay KumarDirector - Marketing
Mr. Praveen Mal KhanoojaGovernment Nominee Director
Mr. Kushagra MittalGovernment Nominee Director

GAIL (India) Ltd. Share Price Update

Share PriceValue
Today₹173.00
Previous Day₹179.65

Basic Stock Data of GAIL (India) Ltd

Market Cap 1,18,089 Cr.
Current Price 180
High / Low188/102
Stock P/E14.8
Book Value 111
Dividend Yield3.06 %
ROCE9.76 %
ROE8.69 %
Face Value 10.0

Data Source: screener.in

GAIL (India) Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales13,79915,65815,73817,57121,75826,14527,32837,89738,68035,94033,20732,78932,986
Expenses12,37313,41912,85514,93218,13621,51823,06433,35036,77735,45832,65130,12829,405
Operating Profit1,4262,2392,8822,6403,6224,6274,2644,5471,9044825562,6613,580
OPM %10%14%18%15%17%18%16%12%5%1%2%8%11%
Other Income584705940543757847788419548999871529595
Interest323758524647575882120107185200
Depreciation546561546590604608619677695699631722837
Profit before tax1,4322,3463,2192,5403,7284,8204,3754,2301,6756626892,2833,138
Tax %25%19%21%15%23%21%21%23%22%40%7%21%22%
Net Profit1,0681,8972,5352,1572,8733,8003,4743,2511,3053986431,7932,442
EPS in Rs1.642.783.733.214.335.685.194.952.000.630.962.733.72

GAIL (India) Ltd Quarterly Chart

GAIL (India) Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales44,09350,97461,76560,55752,05348,55254,49676,19072,51857,37292,770145,668134,921
Expenses37,05443,54753,77754,92647,51742,53146,69566,25263,49550,12777,608138,166127,642
Operating Profit7,0407,4277,9885,6314,5366,0217,8029,9389,0227,24515,1617,5027,278
OPM %16%15%13%9%9%12%14%13%12%13%16%5%5%
Other Income7228871,2479457311,2129481,7193,7962,8332,9252,8222,994
Interest366437669652822509295159309179202367612
Depreciation1,0411,3191,6441,4331,4961,5411,5271,6672,0802,1742,4202,7022,889
Profit before tax6,3556,5586,9224,4922,9495,1836,9289,83110,4297,72515,4647,2566,772
Tax %31%34%32%32%37%35%31%33%9%20%20%23%
Net Profit4,4444,3674,7863,1601,8743,3744,8056,5539,5156,14312,3045,5965,276
EPS in Rs6.576.467.074.672.764.987.099.6813.939.2118.408.548.04
Dividend Payout %25%28%28%24%37%56%43%25%31%36%36%59%

GAIL (India) Ltd Profit & Loss Yearly Chart

GAIL (India) Ltd Growth

Compounded Sales Growth
10 Years:11%
5 Years:22%
3 Years:26%
TTM:-4%
Compounded Profit Growth
10 Years:3%
5 Years:3%
3 Years:-16%
TTM:-4%
Stock Price CAGR
10 Years:10%
5 Years:11%
3 Years:24%
1 Year:89%
Return on Equity
10 Years:13%
5 Years:15%
3 Years:14%
Last Year:9%

GAIL (India) Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital1,2681,2681,2681,2681,2681,6912,2552,2554,5104,4404,4406,5756,575
Reserves23,64627,52631,18832,75435,13537,61439,42443,74944,75848,74259,67458,35266,284
Borrowings11,50616,47218,53718,2919,0526,5533,8762,2246,9127,8739,21617,81617,951
Other Liabilities11,47914,54215,87217,35513,60812,43315,79820,19918,75419,97523,25425,06225,392
Total Liabilities47,89959,80966,86569,66959,06358,29161,35368,42674,93481,03096,584107,805116,202
Fixed Assets19,86324,30325,99532,14329,94628,30228,86031,47537,12140,18843,71848,40752,278
CWIP14,70518,37618,49013,8063,6884,1265,9389,73811,66613,40015,49016,64621,124
Investments1,1831,2541,2821,2729,84410,12510,45210,7229,89313,05816,40817,24818,827
Other Assets12,14815,87621,09922,44815,58415,73716,10216,49316,25314,38520,96825,50423,973
Total Assets47,89959,80966,86569,66959,06358,29161,35368,42674,93481,03096,584107,805116,202

GAIL (India) Ltd Reserves and Borrowings Chart

GAIL (India) Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 5,1116,6034,6154,2143,9606,0248,7697,9848,3458,9939,4203,205
Cash from Investing Activity -9,443-8,626-4,466-2,809-904-334-2,660-5,701-8,299-4,640-5,490-7,453
Cash from Financing Activity 3,1943,642-3-3,058-3,028-5,275-5,252-3,364281-3,471-3,9172,972
Net Cash Flow-1,1381,618146-1,65329415858-1,08132888213-1,276

GAIL (India) Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days192020191921232124222927
Inventory Days201820181417171621251917
Days Payable313333262527352425372820
Cash Conversion Cycle8581281161320102023
Working Capital Days-13-19-4-5-11-4-1703-10514
ROCE %20%17%15%10%8%12%16%22%20%13%23%10%

GAIL (India) Ltd Financial Efficiency Indicators Chart

GAIL (India) Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters52.12%51.82%51.83%51.85%51.80%51.80%51.89%51.90%51.91%51.91%51.91%51.91%
FIIs15.62%15.63%16.96%18.36%19.69%19.62%19.92%19.79%18.04%16.40%16.09%14.76%
DIIs19.89%19.32%19.38%17.72%15.26%15.90%15.30%13.93%15.97%17.93%18.06%19.14%
Government8.32%8.47%7.95%7.94%7.93%7.93%8.04%7.91%7.91%7.93%7.93%7.91%
Public4.05%4.76%3.88%4.14%5.32%4.75%4.86%6.47%6.18%5.83%6.01%6.30%
No. of Shareholders4,83,3445,23,2175,53,3955,81,1817,12,4517,26,7127,75,6019,64,1229,52,7179,25,2229,07,3399,45,498

GAIL (India) Ltd Shareholding Pattern Chart

No. of GAIL (India) Ltd Shareholders

GAIL (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Balanced Advantage Fund - Regular Plan593930881.11709.75
SBI Balanced Advantage Fund532933682.62636.86
SBI Contra Fund372112952.67444.68
SBI Long Term Equity Fund321935552.44384.71
Franklin India Flexi Cap Fund185000001.85221.08
Kotak Equity Arbitrage Fund - Regular Plan170830500.7204.14
DSP Tax Saver Fund166941181.71199.49
HDFC Flexi Cap Fund - Regular Plan145000000.44173.28
SBI Arbitrage Opportunities Fund127779750.68152.7
DSP Equity Opportunities Fund115083921.55137.53

GAIL (India) Ltd ROCE Trend

GAIL (India) Ltd EPS Trend

GAIL (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)8.5227.6013.6120.8929.03
Diluted EPS (Rs.)8.5227.6013.6120.8929.03
Cash EPS (Rs.)10.3229.1914.8720.7333.01
Book Value[Excl.RevalReserv]/Share (Rs.)99.02144.82119.99109.43204.21
Book Value[Incl.RevalReserv]/Share (Rs.)99.02144.82119.99109.43204.21
Revenue From Operations / Share (Rs.)221.54208.92129.20160.79337.86
PBDIT / Share (Rs.)13.4136.7618.8423.4448.25
PBIT / Share (Rs.)9.3031.3113.9418.8340.86
PBT / Share (Rs.)8.7430.8613.5418.1440.16
Net Profit / Share (Rs.)6.2223.749.9716.1125.62
NP After MI And SOA / Share (Rs.)8.5427.6013.8220.8929.03
PBDIT Margin (%)6.0517.5914.5714.5714.28
PBIT Margin (%)4.1914.9810.7811.7012.09
PBT Margin (%)3.9414.7610.4711.2811.88
Net Profit Margin (%)2.8011.367.7110.027.58
NP After MI And SOA Margin (%)3.8513.2110.6912.998.59
Return on Networth / Equity (%)8.6419.1111.5319.1214.22
Return on Capital Employeed (%)7.1017.068.9913.5915.95
Return On Assets (%)5.2112.697.5312.579.56
Long Term Debt / Equity (X)0.130.080.090.070.02
Total Debt / Equity (X)0.250.120.120.120.04
Asset Turnover Ratio (%)1.501.090.761.051.20
Current Ratio (X)0.941.080.860.961.04
Quick Ratio (X)0.670.840.620.700.80
Inventory Turnover Ratio (X)1.553.371.351.622.15
Dividend Payout Ratio (NP) (%)54.6532.6136.4834.8726.49
Dividend Payout Ratio (CP) (%)36.9027.2326.9328.5621.11
Earning Retention Ratio (%)45.3567.3963.5265.1373.51
Cash Earning Retention Ratio (%)63.1072.7773.0771.4478.89
Interest Coverage Ratio (X)24.0580.6246.6634.2268.35
Interest Coverage Ratio (Post Tax) (X)12.1553.0625.7024.5337.29
Enterprise Value (Cr.)84554.4174354.3465022.6439654.4979010.16
EV / Net Operating Revenue (X)0.580.801.130.541.04
EV / EBITDA (X)9.594.557.773.757.26
MarketCap / Net Operating Revenue (X)0.470.741.050.471.03
Retention Ratios (%)45.3467.3863.5165.1273.50
Price / BV (X)1.071.081.130.691.70
Price / Net Operating Revenue (X)0.470.741.050.471.03
EarningsYield0.080.170.100.270.08

GAIL (India) Ltd Profitability Ratios (%)

GAIL (India) Ltd Liquidity Ratios

GAIL (India) Ltd Liquidity Ratios (%)

GAIL (India) Ltd Interest Coverage Ratios (%)

GAIL (India) Ltd Valuation Ratios

Fair Value of GAIL (India) Ltd Stock

Fair Value: ₹147.13

The stock is overvalued by 18.26% compared to the current price ₹180

*Investments are subject to market risks

Strength and Weakness of GAIL (India) Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 15.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -5.08, which is a positive sign.
  3. The company has higher reserves (42,218.92 cr) compared to borrowings (11,252.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (72.69 cr) and profit (6.85 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 22.85 and average Dividend Yield of 10.75%.
  2. The stock has a high average Cash Conversion Cycle of 12.00, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in GAIL (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE