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Last Updated: April 2, 2026, 3:00 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539336 | NSE: GUJGASLTD

Gujarat Gas Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹268.30Overvalued by 13.73%vs CMP ₹311.00

P/E (18.4) × ROE (14.2%) × BV (₹126.00) × DY (1.87%)

₹229.70Overvalued by 26.14%vs CMP ₹311.00
MoS: -35.4% (Negative)Confidence: 53/100 (Moderate)Models: 2 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹262.8622%Over (-15.5%)
Graham NumberEarnings₹218.7616%Over (-29.7%)
Earnings PowerEarnings₹144.2713%Over (-53.6%)
DCFCash Flow₹175.1813%Over (-43.7%)
Net Asset ValueAssets₹126.287%Over (-59.4%)
EV/EBITDAEnterprise₹348.989%Under (+12.2%)
Earnings YieldEarnings₹168.807%Over (-45.7%)
ROCE CapitalReturns₹311.029%Fair (0%)
Revenue MultipleRevenue₹359.025%Under (+15.4%)
Consensus (9 models)₹229.70100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -2.0%

*Investments are subject to market risks

Analyst Summary

Gujarat Gas Ltd operates in the Gas Transmission/Marketing segment, NSE: GUJGASLTD | BSE: 539336, current market price is ₹311.00, market cap is 21,423 Cr.. At a glance, stock P/E is 18.4, ROE is 14.2 %, ROCE is 19.5 %, book value is 126, dividend yield is 1.87 %. The latest intrinsic value estimate is ₹229.70, around 26.1% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹16,487 Cr versus the prior period change of 5.1%, while latest net profit is about ₹1,148 Cr with a prior-period change of 0.3%. This analysis page also carries profit and loss, shareholding pattern, ratio panels, mutual fund holdings data, which improves the depth of the template beyond a thin price-only snapshot. The 52-week range shown on this page is 509/303, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisGujarat 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…

This summary is generated from the stock page data available for Gujarat Gas Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

53
Gujarat Gas Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health73/100 · Strong
ROCE 19.5% GoodROE 14.2% GoodD/E 0.17 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 60.9% Stable
Earnings Quality50/100 · Moderate
OPM stable around 12% Steady
Quarterly Momentum25/100 · Weak
Revenue (4Q): -7% YoY DecliningProfit (4Q): -8% YoY Declining
Industry Rank60/100 · Moderate
P/E 18.4 vs industry 13.9 In-lineROCE 19.5% vs industry 16.2% Above peers3Y sales CAGR: 0% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:00 am

Market Cap 21,423 Cr.
Current Price 311
Intrinsic Value₹229.70
High / Low 509/303
Stock P/E18.4
Book Value 126
Dividend Yield1.87 %
ROCE19.5 %
ROE14.2 %
Face Value 2.00
PEG Ratio-9.08

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

View Share Price Target for Gujarat Gas Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Gujarat Gas Ltd 21,423 Cr. 311 509/30318.4 1261.87 %19.5 %14.2 % 2.00
Gujarat State Petronet Ltd 13,224 Cr. 234 361/22612.6 2122.13 %15.2 %9.89 % 10.0
GAIL (India) Ltd 92,492 Cr. 141 203/13410.8 1345.33 %14.0 %13.1 % 10.0
Industry Average42,379.67 Cr228.6713.93157.333.11%16.23%12.40%7.33

All Competitor Stocks of Gujarat Gas Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,6843,9293,7823,8453,9294,1344,4503,7824,1534,1023,8713,7803,658
Expenses 3,1023,3683,3943,3493,5283,5433,9153,2683,7723,6523,3513,3333,211
Operating Profit 582560388497401591536514380450520447447
OPM % 16%14%10%13%10%14%12%14%9%11%13%12%12%
Other Income 32332528248839405875607256
Interest 8678778897889
Depreciation 109109115118120121123130129129131134135
Profit before tax 498478290399297551444417300389441377359
Tax % 25%22%26%26%26%25%26%26%26%26%26%26%26%
Net Profit 372370216296221410331309221288328280267
EPS in Rs 5.405.383.144.303.215.964.804.483.214.184.764.063.88

Last Updated: February 5, 2026, 7:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 7:46 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 9,0066,1065,0936,1747,75410,3009,86616,45616,75915,69016,48715,412
Expenses 7,8945,3674,3315,2616,7588,6527,76114,35414,33813,78714,57913,548
Operating Profit 1,1127397629139971,6492,1052,1032,4221,9041,9081,864
OPM % 12%12%15%15%13%16%21%13%14%12%12%12%
Other Income 10112182995827079101161204263
Interest 3342502182062082051348267545232
Depreciation 238245257272288318344385428474511530
Profit before tax 6412563054645961,2081,6981,7152,0281,5371,5491,565
Tax % 31%26%28%37%30%1%25%25%25%26%26%
Net Profit 4471902212924181,1991,2701,2871,5281,1441,1481,162
EPS in Rs 0.992.763.204.256.0817.4118.4518.7022.2016.6116.6816.88
Dividend Payout % 15%18%19%19%16%7%11%11%30%34%35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
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:-3%
Compounded Profit Growth
10 Years:10%
5 Years:-1%
3 Years:-4%
TTM:-6%
Stock Price CAGR
10 Years:%
5 Years:8%
3 Years:-2%
1 Year:-35%
Return on Equity
10 Years:21%
5 Years:21%
3 Years:17%
Last Year:14%

Last Updated: September 5, 2025, 5:35 am

Balance Sheet

Last Updated: December 4, 2025, 1:20 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 138138138138138138138138138138138138
Reserves 1,8721,3861,5261,7292,0683,1804,3405,4926,8907,5858,3528,561
Borrowings 3,2262,3572,3592,3282,2132,055983629152150150151
Other Liabilities 1,6792,1892,3532,4672,7392,5533,0793,3293,7473,8194,0114,520
Total Liabilities 6,9156,0696,3756,6627,1587,9258,5399,58710,92711,69212,65113,370
Fixed Assets 4,4874,6734,9035,0945,2905,5856,0406,6317,3387,7638,2088,250
CWIP 357468506478489569731992983918839832
Investments 1,11814492414243485263168172171
Other Assets 9537848751,0491,3371,7281,7191,9122,5442,8423,4334,116
Total Assets 6,9156,0696,3756,6627,1587,9258,5399,58710,92711,69212,65113,370

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1,0946377017859641,4201,6591,6622,3751,6341,806
Cash from Investing Activity + -365375-458-430-612-466-614-1,294-1,039-879-1,921
Cash from Financing Activity + -563-1,224-251-273-349-502-1,318-628-678-514-474
Net Cash Flow 166-212-9823451-273-260658241-589
Free Cash Flow 741792203304348249032951,2897971,055
CFO/OP 112%94%98%97%97%103%99%100%117%103%111%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-2.00737.00760.00911.00995.00-1.00-981.00-627.00-150.00-149.00-149.00

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

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 1518252324182921222423
Inventory Days 2344423
Days Payable 21193023211623
Cash Conversion Cycle -42-1474821222423
Working Capital Days -81-85-67-55-45-38-48-25-33-35-8
ROCE %12%13%17%19%29%34%31%31%20%20%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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 4.67%4.47%3.80%3.34%3.72%4.31%4.51%4.53%3.97%3.86%3.70%3.82%
DIIs 13.28%13.28%13.09%13.98%15.04%14.75%14.38%14.21%14.81%15.00%14.97%15.06%
Government 7.01%7.01%7.01%7.01%7.01%7.01%7.01%7.01%7.01%7.01%7.01%7.01%
Public 14.15%14.34%15.20%14.78%13.32%13.04%13.20%13.35%13.33%13.25%13.41%13.23%
No. of Shareholders 1,80,7471,84,2812,11,3782,13,4321,78,6641,74,5491,72,0261,78,0671,80,1781,71,4661,69,5701,66,450

Shareholding Pattern Chart

No. of Shareholders

Gujarat Gas Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund 9,468,036 0.5 402.729,268,4242026-02-23 05:43:082.15%
Nippon India Growth Mid Cap Fund 7,709,482 0.79 327.927,570,9712026-02-23 05:43:081.83%
ICICI Prudential Large & Mid Cap Fund 5,940,392 0.92 252.675,253,4142025-12-15 01:57:5313.08%
Mirae Asset Midcap Fund 4,489,153 1.08 190.954,401,9212026-02-23 05:43:081.98%
ICICI Prudential Infrastructure Fund 4,127,107 2.17 175.554,006,9762026-02-23 05:43:083%
SBI Energy Opportunities Fund 3,693,637 1.82 157.11N/AN/AN/A
UTI Mid Cap Fund 3,017,598 1.12 128.352,715,0002026-02-23 02:04:1211.15%
Mirae Asset Large & Midcap Fund 2,264,338 0.23 96.312,088,7232026-02-23 01:20:478.41%
Mirae Asset ELSS Tax Saver Fund 1,476,158 0.24 62.79N/AN/AN/A
Mirae Asset Multicap Fund 1,282,248 1.18 54.541,256,1262026-02-23 00:22:012.08%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 16.6816.6122.2018.7018.56
Diluted EPS (Rs.) 16.6816.6122.2018.7018.56
Cash EPS (Rs.) 24.0323.4728.3824.2723.48
Book Value[Excl.RevalReserv]/Share (Rs.) 123.32112.18102.0981.7865.54
Book Value[Incl.RevalReserv]/Share (Rs.) 123.32112.18102.0981.7865.54
Revenue From Operations / Share (Rs.) 239.50227.92243.45239.05143.15
PBDIT / Share (Rs.) 30.3328.8036.2231.4831.41
PBIT / Share (Rs.) 22.9121.9130.0025.8926.45
PBT / Share (Rs.) 22.4422.2929.4124.8924.77
Net Profit / Share (Rs.) 16.6216.5822.1618.6818.53
NP After MI And SOA / Share (Rs.) 16.6816.6122.2018.7018.56
PBDIT Margin (%) 12.6612.6314.8713.1621.93
PBIT Margin (%) 9.569.6112.3210.8318.48
PBT Margin (%) 9.379.7812.0810.4117.30
Net Profit Margin (%) 6.937.279.107.8112.94
NP After MI And SOA Margin (%) 6.967.289.117.8212.96
Return on Networth / Equity (%) 13.5214.8121.7422.8628.32
Return on Capital Employeed (%) 16.2816.9925.4125.1829.05
Return On Assets (%) 9.079.7813.9813.4215.06
Long Term Debt / Equity (X) 0.000.000.000.060.17
Total Debt / Equity (X) 0.000.000.000.080.17
Asset Turnover Ratio (%) 1.351.391.631.821.20
Current Ratio (X) 1.000.790.700.550.63
Quick Ratio (X) 0.970.770.680.530.61
Inventory Turnover Ratio (X) 273.57209.52231.76254.62141.99
Dividend Payout Ratio (NP) (%) 33.9340.029.0010.696.73
Dividend Payout Ratio (CP) (%) 23.4828.297.038.235.31
Earning Retention Ratio (%) 66.0759.9891.0089.3193.27
Cash Earning Retention Ratio (%) 76.5271.7192.9791.7794.69
Interest Coverage Ratio (X) 64.2767.6461.7938.1418.59
Interest Coverage Ratio (Post Tax) (X) 36.2138.0338.8123.8411.97
Enterprise Value (Cr.) 28043.9836540.0530964.7735062.2038293.78
EV / Net Operating Revenue (X) 1.702.331.852.133.89
EV / EBITDA (X) 13.4318.4312.4216.1817.71
MarketCap / Net Operating Revenue (X) 1.722.391.892.103.84
Retention Ratios (%) 66.0659.9790.9989.3093.26
Price / BV (X) 3.354.854.506.158.39
Price / Net Operating Revenue (X) 1.722.391.892.103.84
EarningsYield 0.040.030.040.030.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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.
INDUSTRYADDRESSCONTACT
Gas Transmission/MarketingGujarat Gas CNG Station, Gandhinagar Gujarat 382006Contact not found
Management
NamePosition Held
Mr. Pankaj JoshiChairman
Mr. Milind TorawaneManaging Director
Mr. Balwant SinghDirector
Dr. Rekha JainDirector
Prof. Yogesh SinghDirector
Mr. Bhadresh MehtaDirector
Mr. S J HaiderDirector
Dr. T NatarajanDirector

FAQ

What is the intrinsic value of Gujarat Gas Ltd and is it undervalued?

As of 21 April 2026, Gujarat Gas Ltd's intrinsic value is ₹229.70, which is 26.14% lower than the current market price of ₹311.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (14.2 %), book value (₹126), dividend yield (1.87 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gujarat Gas Ltd?

Gujarat Gas Ltd is trading at ₹311.00 as of 21 April 2026, with a FY2026-2027 high of ₹509 and low of ₹303. The stock is currently near its 52-week low. Market cap stands at ₹21,423 Cr..

How does Gujarat Gas Ltd's P/E ratio compare to its industry?

Gujarat Gas Ltd has a P/E ratio of 18.4, which is above the industry average of 13.93. The premium over industry average may reflect growth expectations or speculative interest.

Is Gujarat Gas Ltd financially healthy?

Key indicators for Gujarat Gas Ltd: ROCE of 19.5 % indicates efficient capital utilization. Dividend yield is 1.87 %.

Is Gujarat Gas Ltd profitable and how is the profit trend?

Gujarat Gas Ltd reported a net profit of ₹1,148 Cr in Mar 2025 on revenue of ₹16,487 Cr. Compared to ₹1,287 Cr in Mar 2022, the net profit shows a declining trend.

Does Gujarat Gas Ltd pay dividends?

Gujarat Gas Ltd has a dividend yield of 1.87 % at the current price of ₹311.00. The company pays dividends, though the yield is modest.

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 Gujarat Gas 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
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