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Gujarat Gas Ltd Share Price (GUJGASLTD)

₹577.32.26%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Gujarat Gas Ltd

Key events for Gujarat Gas Ltd

  • Gujarat Gas Expects 8-10% Volume Growth by FY2025 - 22 Feb, 2024

    Gujarat Gas Ltd expects an 8-10% year-on-year volume growth to 10 million metric standard cubic metres per day in fiscal 2025, mainly from the compressed natural gas segment. The company also anticipates growth in industrial and commercial volumes.

  • Mixed Ratings for Gujarat Gas Ltd. - 19 Feb, 2024

    ICICI Securities has a sell call on Gujarat Gas with a target price of Rs 417, while Motilal Oswal recommends a 'Buy' rating with a target price of Rs. 675. Gujarat Gas shares rose 3.5% after analysts raised their target prices due to strong CNG volume growth and declining imported LNG prices.

  • Gujarat Gas Misses Earnings Expectations - 18 Feb, 2024

    Gujarat Gas Limited's revenue of ₹39b came in 3.7% lower than expected, with EPS of ₹3.21 missing the mark by 25%. However, analysts expect per-share earnings to leap 28% to ₹20.53 and made no major changes to their price target of ₹494.

  • Gujarat Gas Shares Plunge 6.3% on Q3 Profit Drop - 17 Feb, 2024

    Shares of Gujarat Gas dropped by 6.3% after the company's net profit fell in Q3 compared to the same period last year. Analysts are bearish due to demand headwinds caused by disruptions at the Red Sea, limiting prospects for growth. However, the addition of 200 CNG stations is expected to support volume growth.

  • Multiple Brokerages Downgrade Gujarat Gas Stock After Weak Q3 Performance - 16 Feb, 2024

    Gujarat Gas Ltd's Q3FY24 standalone PAT fell by almost 41%, leading to several brokerages downgrading the stock. Motilal Oswal remains positive about the stock, while CLSA has assigned a sell call with a target price of Rs 360. The overall

  • Gujarat Gas Ltd's Weekly Returns Drop by 7.1% - 15 Feb, 2024

    Gujarat Gas Ltd's yearly returns have fallen in line with earnings growth, resulting in a 7.1% drop in weekly returns. However, the company has managed to grow its EPS at 21% per year and has provided high TSR of 388% over the last five years due to dividend payments.

  • Gujarat Gas Reports Decline in Q3 Net Profit - 14 Feb, 2024

    Gujarat Gas Ltd's Q3 net profit declines by 41% YoY due to weak operating numbers and higher input costs. The company also records an increase in net sales for December 2023, but quarterly net profit falls by 40.65% YoY. Trading volumes see a two-fold spurt, while share prices fall by 1.33%. Prabhudas Lilladher recommends holding the stock with a target price of Rs 548.

  • Gujarat Gas Reports Decline in Q3 Net Profit - 13 Feb, 2024

    Gujarat Gas reported a consolidated net profit of Rs 221 crore in Q3FY24, down 40% YoY. However, the company's revenue from operations rose by around 7% during the quarter.

  • Gujarat Gas Ltd Stock Outlook Bullish - 10 Feb, 2024

    The outlook for Gujarat Gas Ltd stock is bullish, with the stock bouncing off support at ₹400 and rallying above critical resistance at ₹525. Analysts anticipate the stock to extend its upside potential in the near future, potentially hitting ₹750.

  • Gujarat Gas Faces Margin Squeeze; Shares Hit 52-Week High - 06 Feb, 2024

    Gujarat Gas and other state gas majors are facing squeezed margins due to lower output at domestic wells. Despite this, shares of Gujarat Gas hit a 52-week high, with prices locked at over 3% upper circuit during the session.

  • Gujarat Gas Signs MoU with HPCL - 01 Feb, 2024

    Gujarat Gas has signed an MoU with Hindustan Petroleum Corporation (HPCL) to provide liquid fuels, automotive lubricants, greases, and specialties at Gujarat Gas outlets. In return, Gujarat Gas will set up a CNG mother facility at HPCL outlets.

  • Spot LNG Prices Correct by Over 30%, Gujarat Gas May Benefit - 24 Jan, 2024

    Emkay reports that spot LNG prices have corrected over 30% in the past 1-2 months, which may benefit Gujarat Gas among other major spot LNG plays.

Analyst Rating for Gujarat Gas Ltd stock

based on 26 analysts

HOLD
34.62%
Buy
11.54%
Hold
53.85%
Sell

Based on 26 analysts offering long term price targets for Gujarat Gas Ltd. An average target of ₹493.96

Source: S&P Global Market Intelligence

Gujarat Gas Ltd share Performance

  • ₹563.9
    ₹580.5
    ₹577.3
    downward going graph

    2.32%

    Downside

    Day's Volatility:2.88%

    Upside

    0.55%

    downward going graph
  • ₹397.05
    ₹620
    ₹577.3
    downward going graph

    31.22%

    Downside

    52 Weeks Volatility:38.62%

    Upside

    7.40%

    downward going graph
1 Month Return1.42 %
3 Month Return35.66 %
1 Year Return13.78 %
Previous Close₹564.55
Open₹567.95
Volume13.12L
Market Cap₹38,863.06Cr

Gujarat Gas Ltd 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: ₹577.30 per share as on 23 Feb, 2024 04:01 PM
Market Capitalisation: ₹38,863.06Cr as of today
Revenue: ₹3,929.10Cr as on December 2023 (Q4 23)
Net Profit: ₹221.02Cr as on December 2023 (Q4 23)
Listing date: 15 Sep, 2015
Chairperson Name: Pankaj Kumar
OrganisationGujarat Gas Ltd
HeadquartersAhmedabad
IndustryGas Distribution
E-voting on sharesClick here to vote

Fundamentals of Gujarat Gas Ltd

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

    Price Rise

    img

    In the last 7 days, GUJGASLTD stock has moved up by 4.7%

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 3 quarters, 3.80K Cr → 3.95K Cr (in ₹), with an average increase of 1.9% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Adani Total Gas Ltd has given 105.8% return, outperforming this stock by 89.4%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, GAIL India Ltd has given 73.9% return, outperforming this stock by 60.1%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 60.89% of holdings in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 296.25 Cr → 221.02 Cr (in ₹), with an average decrease of 25.4% per quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 15.20% to 14.77% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 3.80% to 3.34% in Dec 2023 quarter

Gujarat Gas Ltd Valuation

Gujarat Gas Ltd in the last 5 years

  • Overview

  • Trends

Lowest (12.83x)

April 3, 2020

Industry (27.65x)

February 23, 2024

Today (36.06x)

February 23, 2024

Highest (42.23x)

June 11, 2019

LowHigh

Gujarat Gas Ltd Mutual Fund Holdings

Funds Holdings
ICICI Prudential Multi-Asset Fund Direct Plan GrowthICICI Prudential Multi-Asset Fund Direct Plan Growth1.19%
ICICI Prudential Large & Mid Cap Fund Direct Plan GrowthICICI Prudential Large & Mid Cap Fund Direct Plan Growth2.36%
DSP Midcap Fund Direct Plan GrowthDSP Midcap Fund Direct Plan Growth1.54%
ICICI Prudential Infrastructure Fund Direct Plan GrowthICICI Prudential Infrastructure Fund Direct Plan Growth3.61%
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth0.42%

Gujarat Gas Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
60.89%
0.00
Foreign Institutions
3.34%
-12.11
Mutual Funds
6.56%
0.02
Retail Investors
14.77%
-2.85
Others
14.43%
6.60

Technicals of Gujarat Gas Ltd share

News & Events of Gujarat Gas Ltd

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Gujarat Gas Ltd (GUJGASLTD) share price today is ₹577.3

Gujarat Gas Ltd is listed on NSE

Gujarat Gas Ltd is listed on BSE

  • Today’s highest price of Gujarat Gas Ltd is ₹580.5.
  • Today’s lowest price of Gujarat Gas Ltd is ₹563.9.

PE Ratio of Gujarat Gas Ltd is 36.06

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 13.12L.

Today’s market capitalisation of Gujarat Gas Ltd(GUJGASLTD) is ₹38863.06Cr.

Gujarat Gas Ltd(GUJGASLTDPrice
52 Week High
₹620
52 Week Low
₹397.05

Gujarat Gas Ltd(GUJGASLTD) share price is ₹577.3. It is down -6.89% from its 52 Week High price of ₹620

Gujarat Gas Ltd(GUJGASLTD) share price is ₹577.3. It is up 45.40% from its 52 Week Low price of ₹397.05

Gujarat Gas Ltd(GUJGASLTDReturns
1 Day Returns
12.75%
1 Month Returns
1.42%
3 Month Returns
35.66%
1 Year Returns
13.78%