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Last Updated on: 21 June, 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
Gas Transmission/MarketingGujarat 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

Basic Stock Data of Gujarat Gas Ltd

Last Updated: June 20, 2024, 10:46 pm

Market Cap 41,858 Cr.
Current Price 608
High / Low649/397
Stock P/E38.0
Book Value 112
Dividend Yield1.09 %
ROCE20.1 %
ROE15.0 %
Face Value 2.00
PEG Ratio41.59

Gujarat Gas Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales2,8333,4343,0113,6255,1444,6695,1703,9763,6843,9293,7823,8453,929
Expenses2,2192,8822,2883,2064,9073,9724,5633,3343,1023,3683,3943,3493,528
Operating Profit614553723419237697607643582560388497401
OPM %22%16%24%12%5%15%12%16%16%14%10%13%10%
Other Income1919221836620193233252824
Interest241816121414141386787
Depreciation8788919597102103106109109115118120
Profit before tax522466638330163587510542498478290399297
Tax %25%25%25%26%25%24%25%25%25%22%26%26%26%
Net Profit391348477245123444382404372370216296221
EPS in Rs5.685.066.923.571.796.465.555.875.405.383.144.303.21

Last Updated: June 7, 2024, 8:51 am

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:15%
3 Years:17%
TTM:-6%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:-5%
TTM:-28%
Stock Price CAGR
10 Years:%
5 Years:29%
3 Years:-1%
1 Year:34%
Return on Equity
10 Years:%
5 Years:25%
3 Years:21%
Last Year:15%

Last Updated: June 15, 2024, 4:41 pm

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 2023Mar 2024
Debtor Days15182523241829212224
Inventory Days23444232
Days Payable2119302321162320
Cash Conversion Cycle-42-1474821225
Working Capital Days-81-85-67-55-45-38-43-23-32-34
ROCE %12%13%17%19%29%34%31%31%

Gujarat Gas Ltd Financial Efficiency Indicators Chart

Gujarat Gas Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%60.89%
FIIs8.17%7.86%7.72%5.98%5.18%5.03%5.17%4.67%4.47%3.80%3.34%3.72%
DIIs7.90%8.07%8.03%9.53%10.01%13.03%12.55%13.28%13.28%13.09%13.98%15.04%
Government0.00%0.00%0.00%0.00%0.00%7.08%7.01%7.01%7.01%7.01%7.01%7.01%
Public23.04%23.18%23.36%23.60%23.91%13.96%14.38%14.15%14.34%15.20%14.78%13.32%
No. of Shareholders1,09,8101,65,7231,81,3161,86,4951,96,5571,91,2781,85,0901,80,7471,84,2812,11,3782,13,4321,78,664

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)Previous Number of SharesPrevious DatePercentage Change
DSP Mid Cap Fund3,937,0441.11161.043,773,4492024-06-204.34%
PGIM India Midcap Opportunities Fund3,773,4491.7154.353,773,4492024-06-200%
ICICI Prudential Large & Mid Cap Fund3,621,7651.67148.153,773,4492024-06-20-4.02%
ICICI Prudential Multi Asset Fund3,554,1650.58145.383,773,4492024-06-20-5.81%
Axis Midcap Fund3,049,6840.57124.753,773,4492024-06-20-19.18%
Kotak Emerging Equity Fund - Regular Plan2,725,1210.33111.473,773,4492024-06-20-27.78%
UTI Mid Cap Fund2,149,3021.0187.923,773,4492024-06-20-43.04%
ICICI Prudential Multicap Fund1,881,5450.8876.963,773,4492024-06-20-50.14%
ICICI Prudential Infrastructure Fund1,644,4462.0167.273,773,4492024-06-20-56.42%
ICICI Prudential Value Discovery Fund1,400,9300.1857.313,773,4492024-06-20-62.87%

Gujarat Gas Ltd ROCE Trend

Gujarat Gas Ltd EPS Trend

Gujarat Gas Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)16.6122.2018.7018.5617.41
Diluted EPS (Rs.)16.6122.2018.7018.5617.41
Cash EPS (Rs.)23.4728.3824.2723.4822.03
Book Value[Excl.RevalReserv]/Share (Rs.)112.18102.0981.7865.5448.19
Book Value[Incl.RevalReserv]/Share (Rs.)112.18102.0981.7865.5448.19
Revenue From Operations / Share (Rs.)227.92243.45239.05143.15149.63
PBDIT / Share (Rs.)28.8036.2231.4831.4124.96
PBIT / Share (Rs.)21.9130.0025.8926.4520.34
PBT / Share (Rs.)22.2929.4124.8924.7717.55
Net Profit / Share (Rs.)16.5822.1618.6818.5317.41
NP After MI And SOA / Share (Rs.)16.6122.2018.7018.5617.41
PBDIT Margin (%)12.6314.8713.1621.9316.68
PBIT Margin (%)9.6112.3210.8318.4813.59
PBT Margin (%)9.7812.0810.4117.3011.72
Net Profit Margin (%)7.279.107.8112.9411.63
NP After MI And SOA Margin (%)7.289.117.8212.9611.63
Return on Networth / Equity (%)14.8121.7422.8628.3236.13
Return on Capital Employeed (%)16.9925.4125.1829.0522.93
Return On Assets (%)9.7813.9813.4215.0615.12
Long Term Debt / Equity (X)0.000.000.060.170.55
Total Debt / Equity (X)0.000.000.080.170.55
Asset Turnover Ratio (%)1.391.631.821.201.37
Current Ratio (X)0.790.700.550.630.79
Quick Ratio (X)0.770.680.530.610.76
Inventory Turnover Ratio (X)209.52231.76254.62141.99136.28
Dividend Payout Ratio (NP) (%)0.009.0010.696.735.74
Dividend Payout Ratio (CP) (%)0.007.038.235.314.53
Earning Retention Ratio (%)0.0091.0089.3193.2794.26
Cash Earning Retention Ratio (%)0.0092.9791.7794.6995.47
Interest Coverage Ratio (X)67.6461.7938.1418.598.94
Interest Coverage Ratio (Post Tax) (X)38.0338.8123.8411.977.24
Enterprise Value (Cr.)36540.0530964.7735062.2038293.7817152.47
EV / Net Operating Revenue (X)2.331.852.133.891.67
EV / EBITDA (X)18.4312.4216.1817.719.98
MarketCap / Net Operating Revenue (X)2.391.892.103.841.55
Retention Ratios (%)0.0090.9989.3093.2694.25
Price / BV (X)4.854.506.158.394.83
Price / Net Operating Revenue (X)2.391.892.103.841.55
EarningsYield0.030.040.030.030.07

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

Fair Value: 645.36

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.

Undervalued: 6.14% compared to the current price 608

Default values used*: Deafault value of 15% for ROE is used

Intrinsic Value: 651.25

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 7.11% compared to the current price ₹608

Default values used*: Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 0.91%

*Investments are subject to market risks

Strength and Weakness of Gujarat Gas Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 18.60%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -50.30, 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 has a high average Cash Conversion Cycle of 6.80, which may not be favorable.

FAQ

What is the latest fair value of Gujarat Gas Ltd?

The latest fair value of Gujarat Gas Ltd is ₹645.36.

What is the Market Cap of Gujarat Gas Ltd?

The Market Cap of Gujarat Gas Ltd is 41,858 Cr..

What is the current Stock Price of Gujarat Gas Ltd as on 21 June 2024?

The current stock price of Gujarat Gas Ltd as on 21 June 2024 is ₹608.

What is the High / Low of Gujarat Gas Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gujarat Gas Ltd stocks is 649/397.

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

The Stock P/E of Gujarat Gas Ltd is 38.0.

What is the Book Value of Gujarat Gas Ltd?

The Book Value of Gujarat Gas Ltd is 112.

What is the Dividend Yield of Gujarat Gas Ltd?

The Dividend Yield of Gujarat Gas Ltd is 1.09 %.

What is the ROCE of Gujarat Gas Ltd?

The ROCE of Gujarat Gas Ltd is 20.1 %.

What is the ROE of Gujarat Gas Ltd?

The ROE of Gujarat Gas Ltd is 15.0 %.

What is the Face Value of Gujarat Gas Ltd?

The Face Value of Gujarat Gas Ltd is 2.00.

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