GAIL (India) Ltd Stock Analysis

BSE: 532155 | NSE: GAIL | Industrial Gases & Fuels | Large Cap

BSE Share Price 28-Sep-2023 18:02
121.50 0.25 (0.21%)

DeciZen - Make an Informed Decision on GAIL India

Overall Rating

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Semi Strong

GAIL India Price Chart

P/E Ratio (SA):
Market Cap:
79,887.5 Cr.
52-wk low:
52-wk high:
Bole Toh?

1. Is GAIL (India) Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GAIL (India) Ltd is a good quality company.

2. Is GAIL (India) Ltd undervalued or overvalued?

The key valuation ratios of GAIL (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is GAIL (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GAIL (India) Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of GAIL India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
GAIL (India) Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 12.4%8.5%6.7%9.3%11.2%14.2%13.5%9.6%18.1%7.9%-
Value Creation Index 0.1-0.3-0.4-0.2-00.30.2-0.20.6-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 57,50856,74251,72148,14953,66275,12671,88056,73091,6261,44,2501,38,957
YoY Gr. Rt. %--1.3%-8.9%-6.9%11.5%40%-4.3%-21.1%61.5%57.4%-
YoY Gr. Rt. %--28.1%-26.5%67.4%26%31.7%4%-22.8%114.4%-50.4%-
BVPS (₹) 404351.956.459.665.2657083.584.686.8
Adj Net Profit 4,1172,9612,1773,6494,5926,0516,2924,78210,2505,0143,800
Cash Flow from Ops. 4,9222,4444,0715,7618,6637,8766,8888,3738,7542,808-
Debt/CF from Ops. 2.13.920.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 10.8%21.9%26.1%57.4%
Adj EPS 2.5%2.4%-6.4%-50.4%
Share Price 7.1% -0.8% 27.7% 41.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity %
Op. Profit Mgn %
Net Profit Mgn %
Debt to Equity
Working Cap Days 8710511410590688410675620
Cash Conv. Cycle 479866131310160

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 26.13%

Sales growth is good in last 4 quarters at 30.94%

Return on Equity has declined versus last 3 years average to 6.70%

Net Profit has been subdued in last 3 years -6.38%

Latest Financials - GAIL (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 5.8 6.3
TTM Sales (₹ Cr.) 1,38,957 1,40,782
BVPS (₹.) 86.8 100.9
Reserves (₹ Cr.) 50,491 59,768
P/BV 1.40 1.20
PE 21.03 19.23
From the Market
52 Week Low / High (₹) 84.15 / 129.50
All Time Low / High (₹) 4.25 / 132.93
Market Cap (₹ Cr.) 79,887
Equity (₹ Cr.) 6,575.1
Face Value (₹) 10
Industry PE 21.9

Management X-Ray of GAIL India :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of GAIL India

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


GAIL (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of GAIL India on 28-Sep-2023 18:02 is : 121.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Sep-2023 18:02 the market cap of GAIL India stood at ₹ 79,887.5.
The latest PE ratio of GAIL India as of 28-Sep-2023 18:02 is 21.03.
The latest PB ratio of GAIL India as of 28-Sep-2023 18:02 is 1.40
The 52-week high of GAIL India is ₹ 129.5 and the 52-week low is ₹ 84.15.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of GAIL India is ₹ 1,38,957 ( Cr.) .

About GAIL (India) Ltd

GAIL (India) Ltd. was incorporated in August 1984 as a Central Public Sector Undertaking (PSU) under the Ministry of Petroleum & Natural Gas (MoP&NG). It is the largest state-owned natural gas processing and distribution company in India. It is headquartered in New Delhi. The company was initially given the responsibility of construction, operation & maintenance of the Hazira - Vijaypur -Jagdishpur (HVJ) pipeline Project. It was one of the largest cross-country natural gas pipeline projects in the world.

Business area of company

The Company is engaged in gas marketing. The Company's segments include Transmission services, which includes natural gas and liquid petroleum gas (LPG); Natural Gas Trading; Petrochemicals; LPG and other Liquid Hydrocarbons; City Gas Distribution, and Other Segments, which includes GAIL TEL, exploration and production (E&P), City Gas and Power Generation. The Company is engaged in activities, including transportation through pipeline; manufacture of basic chemicals, fertilizer and nitrogen compounds, plastics and synthetic rubber in primary forms; extraction of crude petroleum; extraction of natural gas, and electric power generation, transmission and distribution.


  • Achievement of 100% Safety Index GPU-Gandhar(2010-11) was duly recognized by BSC, UK. GPU-Gandhar was conferred 'International Safety Award' for 4th time from
  • GAIL (India) has been ranked no.1 company among gas utilities in Asia in the Platts Global Ranking of Energy Companies.
  • GAIL (India) was conferred 'MOU EXCELLENCE AWARD' by the Department Of Public Enterprises for the year 2008-09 in the petroleum sector.
  • GAIL (India) was conferred a Certificate of Recognition for Excellence in Corporate Governance in the 10th ICSI National Award for Excellence in Corporate Governance 2010 as one of the Top Companies adopting Excellent Practices in Corporate Governance.
  • National Award for Excellence in Cost Management 2009 GAIL won the Third Award in the public sector Manufacturing (Large) category
  • SCOPE Meritorious Award to GAIL (India) Limited for Corporate Governance for the year 2007-08.
  • India´s Most Customer Responsive Company in Manufacturing sector.
  • Highest Wealth Creator in Manufacturing sector.
  • Rajiv Gandhi National Quality Award as the best performer among the Large Scale Manufacturing Industry.
  • The PetroFed oil & Gas pipeline Transportation - Company of the Year for 2007-2008 Award honours the leading performance in transporting crude oil, petroleum products and natural gas through pipelines in India during the year. This award honours GAIL (India) Limited for their leading performance towards growth of infrastructure, optimal utilisation during hydrocarbons transportation in India in 2007-08 while meeting the norms of health, safety and environment protection.
  • GAIL receives Oil & Gas Pipeline Transportation Company of the year, besides Project Management (Rs 500 crore to Rs 2,000 crore category) of the year, the Environmental Sustainability of the year category in the Petrofed Awards 2012 and Woman Executive of the Year in Oil & Gas Industry.
  • GAIL DBPL project receives Platts Premier Project Construction Award for 2013.
  • GAIL adjudged ‘Company of the Year’ for Project Management for Dabhol - Bengaluru pipeline project at the Petroleum Federation of India (PetroFed) Oil & Gas Industry Awards 2013.
  • GAIL declared the top Indian company in the ‘Gas-Processing, Distribution and Marketing’ Sector for the Dun & Bradstreet Corporate Awards 2014. 
  • GAIL CSR project wins Prestigious CII-National Water Awards for Excellence in Water Management-2016.
  • Shri B C Tripathi, CMD, GAIL receives the fastest growing Maharatna PSU Award.
  • GAIL (India) has won the leaders award in the Mega Large Business, Process Sector category in the 11th edition of Frost & Sullivan - MEASA and TERI - The Energy and Resources Institute's Sustainability 4.0 Awards 2020.


  • 1987 - HVJ (Hazira - Vijaipur - Jagdishpur) Natural Gas pipeline commissioned. 
  • 1989 - First Year of profit registered.  
  • 1990 - LPG Plant Phase - I at Vijaipur commissioned.  
  • 1992 - Gas Marketing functions transferred to GAIL.  
  • 1993 - Maiden dividend of Rs. 20 Crores paid to its shareholders.  
  • 1994 - First JV Mahanagar Gas Limited formed with British Gas incorporated to implement Mumbai City Gas Distribution project.  
  • 1995 - Propane recovery plants at Vijaipur commissioned.  
  • 1996 - GAIL listed in NSE, BSE and DSE.  
  • 1997 - Government of India granted Navratna status to GAIL.  
  • 1998 - Indraprastha Gas Limited (IGL) incorporated for supply of gas to household sector, transport sector & commercial consumers in Delhi.  
  • 1999 - LPG plants at Usar and Lakwa commissioned.  
  • 1999 - Uttar Pradesh Petrochemical Complex (UPPC) at Pata commissioned with a design capacity of 3 lacs TPA of Ethylene to produce 2. 60 lacs TPA of HDPE & LLDPE.
  • 2000 - LPG plant at Pata with a design capacity of 2.58 lacs TPA of LPG commissioned.  
  • 2000 - Participated in under NELP- I and 2 blocks awarded.  
  • 2001 - Jamnagar-Loni LPG Pipeline Project, world’s longest and India's first Cross-Country LPG 1269 km long pipeline commissioned.  
  • 2001 - LPG plant at Gandhar commissioned. 
  • 2002 - GAIL picks up 12% equity stake in GSEGs 156MW power project in Gujarat.  
  • 2003 - GAIL has an initial success in the form of significant gas find in the block A-1 in Myanmar and discovery of Oil and Gas in the Cambay Block.  
  • 2003 - Bhagyanagar Gas Limited, a joint venture of GAIL and HPCL, incorporated in August 2003, in the field of distribution and marketing of Auto LPG, CNG for vehicles and retailing of natural gas in cities of Andhra Pradesh.  
  • 2003 - Vizag- Secunderabad LPG pipeline, the 580 km pipeline with a maximum throughput of 1.16 MMPTPA completed.  
  • 2003 - GAIL successfully secures participation in 2 retail gas companies in Egypt, Fayum Gas Company and Shell CNG.  
  • 2004 - Dahej - Vijaipur natural gas pipeline commissioned.  
  • 2004 - A wholly-owned subsidiary company GAIL Global (Singapore) Pte Ltd formed in Singapore.  
  • 2004 - Platts declares GAIL as the first among Global Gas Utilities based on Return on Invested Capital (ROIC) in its worldwide survey of Top 250 Energy Companies in 2004.  
  • 2004 - Tripura Natural Gas Co. Ltd., a Joint Venture for city gas project in Tripura and UP Central Gas Ltd., a Joint Venture for city gas project with BPCL in Kanpur, incorporated.  
  • 2004 - GAIL acquired 15% equity stake in NatGas, Egypt. 
  • 2005 - Inauguration of the National Gas Management Centre (NGMC) of GAIL at NOIDA.  
  • 2006 - GAIL brings India’s first spot LNG cargo at Dahej.  
  • 2006 - GAIL consortium wins 3 CBM blocks in III round of bidding.  
  • 2007 - MoP&NG authorization for 5 new major pipelines received.  
  • 2007 - Brahmaputra Cracker and Polymer Limited, a Joint Venture Company led by GAIL, formed for implementing Assam Gas Cracker Project.  
  • 2007 - GAIL forms a Joint Venture Company (JVC) with China Gas Global Energy Holdings Limited.  
  • 2007 - Expansion of Petrochemical Plant at Pata for increasing capacity from 310,000 TPA LLDPE/HDPE to 410,000 TPA completed.  
  • 2008 - Dahej - Panvel- Dabhol pipeline commissioned.  
  • 2008 - GAIL Gas Limited incorporated for CGD.  
  •  2008 - GAIL Gas limited wins the rights for rolling out city gas distribution projects in Meerut, Sonepat, Dewas and Kota.  
  • 2009 - GAIL gets SCOPE Meritorious Award for Corporate Governance for the year 2007-08.  
  • 2010 - Representative Office in Egypt opened.  
  • 2010 - GAIL ranked no.1 company among gas utilities in Asia in the Platts Global Ranking.
  • 2011 - Shri S. Jaipal Reddy dedicated GAIL’s Chainsa - Sultanpur – Neemrana pipeline to the Nation.
  • 2011 - GAIL Gas Limited and Vadodara Mahanagar Sewa Sadan set up Joint Venture for City Gas Distribution.
  • 2011 - GAIL (India) Limited was conferred the 'Managing India Award' for the 'Outstanding PSU of the Year' by All India Management Association. GAIL is the first PSU to be conferred this award.
  • 2012 - GAIL conferred MoU Excellence Award for the year 2009-10 for Best Performing CPSE in the Petroleum Sector consecutively for second year- GAIL has been ranked World’s No. 1 in Downstream Operations in Platts Global Energy Awards- GAIL’s 2200 km Dahej-Vijaipur-Dadri-Bawana-Nangal-Bhatinda cross-country pipeline inaugurated by Prime Minister- GSPA signed between GAIL and TurkrnenGaz for Turkmenistan-Afghanistan-Pakistan-India (TAPI) Gas Pipeline Project. 
  • 2012 - GAIL signed GSPA for purchase of gas from Turkmenistan.
  • 2014 - The 22-storey GAIL Jubilee Tower has been designed as per LEED-Platinum Green Building norms. The building has its own captive power generation plant using gas engine generators and the waste heat recovered is used to run the Air Conditioning system. A 30 KW solar power plant has been installed for area lighting. Its electricity load will be 40% less than other similar high-rises. The building is equipped with high performance glass with insulation on walls, occupancy and lux level sensors.
  • 2015 -  Inauguration of construction work of Jagdishpur - Haldia natural gas pipeline Phase 1.
  • 2016 -  BCPL Petrochemical Complex commissioned. 
  • 2016 - Varanasi City Gas Distribution Project.
  • 2017 - Launch of CGD Projects in Cuttack and Bhubaneswar.
  • 2017 - Inauguration of Bengaluru City Gas Distribution Project.
  • 2017 - Inauguration of PNG supply in Bhubaneswar.
  • 2017 - Inauguration of CNG stations in Bhubaneswar.
  • 2018 -  GAIL’s first Chartered LNG Vessel carrying long term US LNG arrives at Dabhol.
  • 2018 - Inauguration of CNG Stations in Cuttack. 
  • 2018 - 1st LNG cargo under long term contract with Russia arrives at Dahej.
  • 2018 - Commencement of work for Talcher Fertilizers.
  • 2019 - Dedication of Phase I of Pradhan Mantri Uurja Ganga Pipeline and Inauguration of Patna CGD.
  • 2019 - Inauguration of Ranchi CGD.
  • 2019 - Inauguration of Jamshedpur CGD.
  • 2020 - GAIL (India) and Carbon Clean Solutions have signed a Memorandum of Understanding for exploring project development opportunities in Compressed Biogas value chain in India.  
  • 2020 - GAIL (India) has inked Memorandum of Understanding with police department for constructing a new Bharosa Centre at Medchal-Malkajgiri in Telangana, as part of corporate social responsibility activities.
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