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

Fundamental Analysis of Gujarat Gas Ltd

About the Company - Gujarat Gas Ltd

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. 16456.22 Cr. and Equity Capital is Rs. 137.68 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LPG Bottling/DistributionGujarat Gas CNG Station, Sector 5/C, Gandhinagar Gujarat 382006Investors@GUJARATGAS.com
http://www.gujaratgas.com
Management
NamePosition Held
Mr. Raj KumarChairman
Mr. Milind TorawaneManaging Director
Mr. Balwant SinghDirector
Dr. Rekha JainDirector
Prof. Yogesh SinghDirector
Mr. Bhadresh MehtaDirector
Mr. J P GuptaDirector
Mrs. Mamta VermaDirector

Gujarat Gas Ltd. Share Price Update

Share PriceValue
Today₹558.60
Previous Day₹560.00

Basic Stock Data of Gujarat Gas Ltd

Market Cap 39,741 Cr.
Current Price 577
High / Low621/397
Stock P/E36.0
Book Value 103
Dividend Yield1.15 %
ROCE31.2 %
ROE24.2 %
Face Value 2.00

Data Source: screener.in

Gujarat Gas Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales2,5132,8333,4343,0113,6255,1444,6695,1703,9763,6843,9293,7823,845
Expenses1,7802,2192,8822,2883,2064,9073,9724,5633,3343,1023,3683,3943,349
Operating Profit733614553723419237697607643582560388497
OPM %29%22%16%24%12%5%15%12%16%16%14%10%13%
Other Income2119192218366201932332528
Interest3424181612141414138678
Depreciation868788919597102103106109109115118
Profit before tax635522466638330163587510542498478290399
Tax %25%25%25%25%26%25%24%25%25%25%22%26%26%
Net Profit475391348477245123444382404372370216296
EPS in Rs6.915.685.066.923.571.796.465.555.875.405.383.144.30

Gujarat Gas Ltd Quarterly Chart

Gujarat Gas Ltd Profit & Loss

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales9,0066,1065,0936,1747,75410,3009,86616,45616,75915,240
Expenses7,8945,3674,3315,2616,7588,6527,76114,35414,33813,213
Operating Profit1,1127397629139971,6492,1052,1032,4222,027
OPM %12%12%15%15%13%16%21%13%14%13%
Other Income10112182995827079101118
Interest334250218206208205134826729
Depreciation238245257272288318344385428452
Profit before tax6412563054645961,2081,6981,7152,0281,665
Tax %31%26%28%37%30%1%25%25%25%
Net Profit4471902212924181,1991,2701,2871,5281,254
EPS in Rs0.992.763.204.256.0817.4118.4518.7022.2018.22
Dividend Payout %15%18%19%19%16%7%11%11%30%

Gujarat Gas Ltd Profit & Loss Yearly Chart

Gujarat Gas Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:22%
3 Years:18%
TTM:-20%
Compounded Profit Growth
10 Years:%
5 Years:39%
3 Years:8%
TTM:-8%
Stock Price CAGR
10 Years:%
5 Years:37%
3 Years:11%
1 Year:26%
Return on Equity
10 Years:%
5 Years:29%
3 Years:27%
Last Year:24%

Gujarat Gas Ltd Balance Sheet

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital138138138138138138138138138138
Reserves1,8721,3861,5261,7292,0683,1804,3405,4926,8906,948
Borrowings3,2262,3572,3592,3282,2132,055983629152155
Other Liabilities1,6792,1892,3532,4672,7392,5533,0793,3293,7474,076
Total Liabilities6,9156,0696,3756,6627,1587,9258,5399,58710,92711,316
Fixed Assets4,4874,6734,9035,0945,2905,5856,0406,6317,3387,491
CWIP3574685064784895697319929831,000
Investments1,11814492414243485263162
Other Assets9537848751,0491,3371,7281,7191,9122,5442,663
Total Assets6,9156,0696,3756,6627,1587,9258,5399,58710,92711,316

Gujarat Gas Ltd Reserves and Borrowings Chart

Gujarat Gas Ltd Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1,0946377017859641,4201,6591,6622,375
Cash from Investing Activity -365375-458-430-612-466-614-1,294-1,039
Cash from Financing Activity -563-1,224-251-273-349-502-1,318-628-678
Net Cash Flow166-212-9823451-273-260658

Gujarat Gas Ltd Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days151825232418292122
Inventory Days2344423
Days Payable21193023211623
Cash Conversion Cycle-42-147482122
Working Capital Days-81-85-67-55-45-38-43-23-32
ROCE %12%13%17%19%29%34%31%31%

Gujarat Gas Ltd Financial Efficiency Indicators Chart

Gujarat Gas Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%
FIIs9.01%8.64%8.17%7.86%7.72%5.98%5.18%5.03%5.17%4.67%4.47%3.80%
DIIs7.32%7.38%7.90%8.07%8.03%9.53%10.01%13.03%12.55%13.28%13.28%13.09%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%7.08%7.01%7.01%7.01%7.01%
Public22.78%23.09%23.04%23.18%23.36%23.60%23.91%13.96%14.38%14.15%14.34%15.20%
No. of Shareholders82,20187,0441,09,8101,65,7231,81,3161,86,4951,96,5571,91,2781,85,0901,80,7471,84,2812,11,378

Gujarat Gas Ltd Shareholding Pattern Chart

No. of Gujarat Gas Ltd Shareholders

Gujarat Gas Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Mid Cap Fund39370441.11161.04
PGIM India Midcap Opportunities Fund37734491.7154.35
ICICI Prudential Large & Mid Cap Fund36217651.67148.15
ICICI Prudential Multi Asset Fund35541650.58145.38
Axis Midcap Fund30496840.57124.75
Kotak Emerging Equity Fund - Regular Plan27251210.33111.47
UTI Mid Cap Fund21493021.0187.92
ICICI Prudential Multicap Fund18815450.8876.96
ICICI Prudential Infrastructure Fund16444462.0167.27
ICICI Prudential Value Discovery Fund14009300.1857.31

Gujarat Gas Ltd ROCE Trend

Gujarat Gas Ltd EPS Trend

Gujarat Gas Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)22.2018.7018.5617.416.08
Diluted EPS (Rs.)22.2018.7018.5617.416.08
Cash EPS (Rs.)28.3824.2723.4822.0310.24
Book Value[Excl.RevalReserv]/Share (Rs.)102.0981.7865.5448.1932.03
Book Value[Incl.RevalReserv]/Share (Rs.)102.0981.7865.5448.1932.03
Revenue From Operations / Share (Rs.)243.45239.05143.15149.63112.64
PBDIT / Share (Rs.)36.2231.4831.4124.9615.92
PBIT / Share (Rs.)30.0025.8926.4520.3411.74
PBT / Share (Rs.)29.4124.8924.7717.558.89
Net Profit / Share (Rs.)22.1618.6818.5317.416.06
NP After MI And SOA / Share (Rs.)22.2018.7018.5617.416.08
PBDIT Margin (%)14.8713.1621.9316.6814.13
PBIT Margin (%)12.3210.8318.4813.5910.42
PBT Margin (%)12.0810.4117.3011.727.89
Net Profit Margin (%)9.107.8112.9411.635.37
NP After MI And SOA Margin (%)9.117.8212.9611.635.39
Return on Networth / Equity (%)21.7422.8628.3236.1318.97
Return on Capital Employeed (%)25.4125.1829.0522.9314.74
Return On Assets (%)13.9813.4215.0615.125.84
Long Term Debt / Equity (X)0.000.060.170.550.94
Total Debt / Equity (X)0.000.080.170.550.94
Asset Turnover Ratio (%)1.641.821.201.371.12
Current Ratio (X)0.700.550.630.790.61
Quick Ratio (X)0.680.530.610.760.57
Inventory Turnover Ratio (X)231.76254.62141.99136.2896.43
Dividend Payout Ratio (NP) (%)9.0010.696.735.7413.16
Dividend Payout Ratio (CP) (%)7.038.235.314.537.79
Earning Retention Ratio (%)91.0089.3193.2794.2686.84
Cash Earning Retention Ratio (%)92.9791.7794.6995.4792.21
Interest Coverage Ratio (X)61.7938.1418.598.945.59
Interest Coverage Ratio (Post Tax) (X)38.8123.8411.977.243.22
Enterprise Value (Cr.)30964.7735062.2038293.7817152.4711981.49
EV / Net Operating Revenue (X)1.852.133.891.671.55
EV / EBITDA (X)12.4216.1817.719.9810.93
MarketCap / Net Operating Revenue (X)1.892.103.841.551.32
Retention Ratios (%)90.9989.3093.2694.2586.83
Price / BV (X)4.506.158.394.834.63
Price / Net Operating Revenue (X)1.892.103.841.551.32
EarningsYield0.040.030.030.070.04

Gujarat Gas Ltd Profitability Ratios (%)

Gujarat Gas Ltd Liquidity Ratios

Gujarat Gas Ltd Liquidity Ratios (%)

Gujarat Gas Ltd Interest Coverage Ratios (%)

Gujarat Gas Ltd Valuation Ratios

Fair Value of Gujarat Gas Ltd Stock

Fair Value: ₹907.66

The stock is undervalued by 57.31% compared to the current price ₹577

*Investments are subject to market risks

Strength and Weakness of Gujarat Gas Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 20.67%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -52.11, which is a positive sign.
  3. The company has higher reserves (3,543.10 cr) compared to borrowings (1,645.70 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (9.90 cr) and profit (226.80 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 22.88 and average Dividend Yield of 13.13%.
  2. The stock has a high average Cash Conversion Cycle of 7.00, 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 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