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Gujarat Gas Ltd (GUJGASLTD)

₹634.40.53%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 29 analysts

HOLD

39.29%

Buy

7.14%

Hold

53.57%

Sell

Based on 29 analysts offering long term price targets for Gujarat Gas Ltd. An average target of ₹532.93

Source: S&P Global Market Intelligence

Gujarat Gas Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹628.5
    ₹646.45
  • 52 Week's Low

    52 Week's High

    ₹397.05
    ₹663.4
1 Month Return+ 0.4 %
3 Month Return+ 15.26 %
1 Year Return+ 37.22 %
Previous Close₹637.80
Open₹637.80
Volume16.46L
Upper Circuit-
Lower Circuit-
Market Cap₹43,905.52Cr

Key Statistics

P/E Ratio38.4
PEG Ratio-6.88
Market Cap₹43,905.52 Cr
P/B Ratio4.52
EPS6.08

Mutual Fund Holdings

Funds HoldingsPrev. 6M
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth1%
ICICI Prudential Large & Mid Cap Fund Direct Plan GrowthICICI Prudential Large & Mid Cap Fund Direct Plan Growth2.32%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth1.44%
ICICI Prudential Infrastructure Fund Direct Plan GrowthICICI Prudential Infrastructure Fund Direct Plan Growth3.74%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth0.59%

Company Information

Gujarat Gas Limited (GGL) is India’s leading city gas distribution player with presence in 44 districts spread across Gujarat, Dadra Nagar Haveli, Thane and Palghar district of Maharashtra. It operates with 32800 km of gas pipeline network, 711 CNG stations and provides close to 9.75 mmscmd of Natural Gas to its 1.55 million households and 4000 industrial customers. In October 2012, GSPC acquired 65.12 equity stake in Gujarat Gas Company Limited (GGCL) from British Gas Group through GGL which paid Rs 2463.46 crore for the acquisition. Later, GGL acquired 8.58 stake in GGCL through open offer to the shareholders. In April 2014, GGL was vested with city gas distribution (CGD) business of GSPC. In December 2015, GGL signed a Gas Purchase Contract with GSPC for Regasified LNG. In June 2016, GGL was authorised to lay build operate or expand City or Local Natural Gas Distribution network CGD network for the Geographical Areas of Amreli, DahejVagra Taluka, Bharuch, Ahmedabad and Dahod districts. In July 2016, GGL was authorised to lay build operate or expand City or Local Natural Gas Distribution network CGD network for the Geographical Areas of Panchmahal District and Anand District. In May 2017, GGL entered into a nonbinding MoU with Petronet LNG Limited for exploring, dispensing and marketing of LNG and LCNG at GGL CNG stations. In March 2020, despite of countrywide lock down due to Coronavirus, GGL continued its uninterrupted supply of Natural Gas. During the year ended on 31 March 2021, GGL added 150 new CNG stations, added more than 100000 households, 350 industrial customers and laid pipeline network of over 4600 kms. On 1st June 2021, GGL signed Business Transfer Agreement to transfer/ purchase City Gas Distribution (CGD) Business from Gujarat State Petronet Limited to GGL for the Geographical Areas of Amritsar and Bhatinda. Furthermore, GGL signed an agreement with NTPC in FY22 to blend Green Hydrogen in Piped Natural Gas to be provided at NTPC Kawas Township.

Share Price: ₹634.40 per share as on 18 Jul, 2024 04:01 PM
Market Capitalisation: ₹43,905.52Cr as of today
Revenue: ₹4,134.18Cr as on March 2024 (Q1 24)
Net Profit: ₹410.48Cr as on March 2024 (Q1 24)
Listing date: 15 Sep, 2015
Chairperson Name: RAJ KUMAR
OrganisationGujarat Gas Ltd
HeadquartersAhmedabad
IndustryGas Distribution
E-voting on sharesClick here to vote

Key events for Gujarat Gas Ltd

  • Elara Capital Expects 51% EBITDA Growth for Gujarat Gas Ltd - 15 Jul, 2024

    Gujarat Gas is expected to see a 51% YoY growth in EBITDA based on a 13% volume growth and a 33% EBITDA/scm margin growth. Elara Capital predicts that the company will benefit from a likely LNG surplus and propane demand surge globally from early 2025, making gas economics favorable.

  • Oil India and Gujarat Gas are Top Picks in the Sector - 12 Jul, 2024

    According to analysts, Gujarat Gas is a top pick in the sector due to its exposure on the industrial side. However, unless they expand into new geographical areas, CNG volume growth may not be seen.

  • Gujarat Gas Ltd Shares Rise on Potential Tax Cuts for CNG - 10 Jul, 2024

    Shares of Gujarat Gas Ltd rose in response to reports speculating that the Indian government may reduce central excise duty on compressed natural gas (CNG) from 14% to 5-7%. The company is engaged in the distribution of natural gas in India.

  • Gujarat Gas Hikes Industrial Gas Prices; Share Prices Rise Over 10% - 09 Jul, 2024

    Gujarat Gas has increased the price of industrial natural gas by Rs 2 to Rs 2.48 per SCM for the Morbi region in Gujarat. The company's share prices have risen more than 10% in one month due to softening gas prices.

  • Gujarat Gas Target Price Upped by Nuvama and JM Financial Buy Call - 08 Jul, 2024

    Nuvama Institutional Equities increased Gujarat Gas' target price by 9-17% to Rs 740, while JM Financial issued a buy call with a target price of Rs 700. Gujarat Gas also raised its industrial natural gas prices in the Morbi region.

  • Citi Concerned with Gujarat Gas' Strategy Amidst Hike in Gas Prices - 04 Jul, 2024

    Gujarat Gas Ltd faces concerns from Citi due to its strategy to compete with propane amidst a 50%+ increase in spot LNG prices. The recent recovery in Morbi volumes could also reverse on the back of a price hike.

  • Gujarat Gas Hikes Industrial Gas Prices - 03 Jul, 2024

    State-run Gujarat Gas has increased the price of industrial gas by ₹2 per standard cubic metre (scm) for its Morbi region, effective from July 4. The hike is due to higher spot liquefied natural gas (LNG) prices and will adversely affect ceramic manufacturers' profit margins. Shares of Gujarat Gas were trading 1.98% lower at ₹637.95 apiece on the NSE.

  • Gujarat Gas Plans Rs 1,200 Crore Capex for FY24-25 - 28 Jun, 2024

    Gujarat Gas has allocated Rs 1,200 crore as capital expenditure for FY24-25 to expand its pipeline network and provide new piped natural gas connections to over 3.3 lakh households in six states. The city gas distribution company also plans to set up 200 CNG stations in at least four states in the next two years.

  • Gujarat Gas Ltd Stock Shows Signs of Uptrend - 27 Jun, 2024

    After breaking out from a two-year consolidation phase with strong volumes, Gujarat Gas Ltd stock retraced to the neckline of its breakout zone. It is now inching higher and taking support from the same level, indicating that the ongoing uptrend is likely to continue. Traders can consider going long in the stock.

  • Gujarat Gas Stock Expected to Rally - 22 Jun, 2024

    The Gujarat Gas stock has broken out of a resistance level at ₹600 and confirmed a bull flag pattern on the weekly chart. The stock is expected to appreciate to ₹780, with a barrier at ₹750 over the medium term.

  • Technical Analyst Recommends Buying Gujarat Gas Ltd - 20 Jun, 2024

    Mehta Equities' Technical Analyst, Riyank Arora, recommends buying Gujarat Gas Ltd as the stock has shown a strong breakout above its recent resistance level of 620 on the daily charts. The RSI (14) at 60.56 indicates strong momentum, suggesting a likely robust uptrend with a target of 700 and beyond.

Insights on Gujarat Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 221.02 Cr → 410.48 Cr (in ₹), with an average increase of 46.2% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 3.80K Cr → 4.22K Cr (in ₹), with an average increase of 3.4% per quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 6.56% to 7.70% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 3.34% to 3.72% in Mar 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 60.89% of holdings in Mar 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, GAIL India Ltd has given 142.6% return, outperforming this stock by 149.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, GAIL India Ltd has given 114.3% return, outperforming this stock by 77.1%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 14.77% to 13.33% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 years, GUJGASLTD stock has moved down by -6.8%

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹4,134.18Cr
↑5.22%
Net Income
₹410.48Cr
↑85.72%
Net Profit Margin
9.93%
↑76.38%
2023Y/Y Change
Revenue
₹16,759.40Cr
↑1.84%
Net Income
₹1,528.38Cr
↑18.72%
Net Profit Margin
9.12%
↑16.62%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹10,964.26Cr
↑14.08%
Total Liabilities
₹3,968.65Cr
↓1.07%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹2,377.96Cr
↑43.10%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
60.89%
0.00
Foreign Institutions
3.72%
0.00
Mutual Funds
7.7%
0.00
Retail Investors
13.33%
0.00
Others
14.35%
0.00

Key Indicators

Gujarat Gas Ltd Valuation

Gujarat Gas Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.83x)

April 3, 2020

Industry (30.54x)

July 16, 2024

Today (38.40x)

July 16, 2024

Highest (42.23x)

June 11, 2019

LowHigh

Earnings and Dividends

  • Gujarat Gas Ltd Earnings Results

    Gujarat Gas Ltd’s net profit jumped 10.79% since last year same period to ₹410.48Cr in the Q4 2023-2024. On a quarterly growth basis, Gujarat Gas Ltd has generated 85.72% jump in its net profits since last 3-months.

    Read More about Earnings Results
  • Gujarat Gas Ltd Dividends May,2023

    In the quarter ending March 2023, Gujarat Gas Ltd has declared dividend of ₹6.65 - translating a dividend yield of 1.36%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Gujarat Gas Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Gujarat Gas Ltd (GUJGASLTD) share price today is ₹634.4

Gujarat Gas Ltd is listed on NSE

Gujarat Gas Ltd is listed on BSE

  • Today’s highest price of Gujarat Gas Ltd is ₹646.45.
  • Today’s lowest price of Gujarat Gas Ltd is ₹628.5.

PE Ratio of Gujarat Gas Ltd is 38.4

PE ratio = Gujarat Gas Ltd Market price per share / Gujarat Gas Ltd Earnings per share

Today’s traded volume of Gujarat Gas Ltd(GUJGASLTD) is 16.46L.

Today’s market capitalisation of Gujarat Gas Ltd(GUJGASLTD) is ₹43905.52Cr.

Gujarat Gas Ltd(GUJGASLTDPrice
52 Week High
₹663.4
52 Week Low
₹397.05

Gujarat Gas Ltd(GUJGASLTD) share price is ₹634.4. It is down -4.37% from its 52 Week High price of ₹663.4

Gujarat Gas Ltd(GUJGASLTD) share price is ₹634.4. It is up 59.78% from its 52 Week Low price of ₹397.05

Gujarat Gas Ltd(GUJGASLTDReturns
1 Day Returns
-3.4%
1 Month Returns
0.4%
3 Month Returns
15.26%
1 Year Returns
37.22%