Gujarat Gas Company Ltd. - (Amalgamation) Stock Analysis

BSE: 523477 | NSE: GUJRATGAS | Industrial Gases & Fuels | Mid Cap

BSE Share Price
Not Listed

DeciZen - Make an Informed Decision on Gujarat Gas Co

Overall Rating

2. Valuation

Undervalued

3. Price Trend

FAQs

1. Is Gujarat Gas Company Ltd. - (Amalgamation) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Gas Company Ltd. - (Amalgamation) is a average quality company.

2. Is Gujarat Gas Company Ltd. - (Amalgamation) undervalued or overvalued?

No data found

3. Is Gujarat Gas Company Ltd. - (Amalgamation) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Gas Company Ltd. - (Amalgamation) is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Gujarat Gas Co:

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.
Gujarat Gas Company Ltd. - (Amalgamation) has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14TTM
ROCE % 23.1%23.5%17.1%24.3%20.5%19.2%26%29.3%31.8%35.8%-
Value Creation Index 1.70.90.20.70.50.71.11.1NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6537479691,2451,3011,4201,8492,4193,0963,1232,496
YoY Gr. Rt. %-14.4%29.7%28.5%4.6%9.1%30.3%30.8%28%0.9%-
Adj EPS 5.87.76.911.912.513.42021.122.124.924.5
YoY Gr. Rt. %-31.2%-10.1%72.6%4.8%7.9%49%5.3%4.8%12.9%-
BVPS (₹) 22.328.934.444.555.359.565.661.175.177.7121.4
Adj Net Profit 74.998.288.4153160172257270283320314
Cash Flow from Ops. 68.5126110180206178285304307405-
Debt/CF from Ops. 0.910.80.60.60.90.7000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19%19.1%19.1%0.9%
Adj EPS 17.5%14.9%7.6%12.9%
BVPS 14.975.83.5
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14TTM
Return on Equity % 28.429.321.229.224.422.93233.23236.124.6
Op. Profit Mgn % 20.519.815.620.218.119.822.516.413.315.917.3
Net Profit Mgn % 11.513.29.212.312.412.21411.29.210.312.6
Debt to Equity 0.20.30.20.20.20.20.20000
Working Cap Days 145152144140158169151137124109196
Cash Conv. Cycle -63-50-40-36-29-24-16-176154

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Gujarat Gas Company Ltd. - (Amalgamation)

Standalone Consolidated
TTM EPS (₹) 24.3 24.5
TTM Sales (₹ Cr.) 2,496 2,496
BVPS (₹.) 119.6 121.4
Reserves (₹ Cr.) 1,508 1,532
P/BV 6.24 6.14
PE 30.64 30.47
From the Market
52 Week Low / High (₹) 740.00 / 775.00
All Time Low / High (₹) 6.00 / 871.75
Market Cap (₹ Cr.) 9,562
Equity (₹ Cr.) 25.7
Face Value (₹) 2
Industry PE 9.4

Management X-Ray of Gujarat Gas Co :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

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News

About Gujarat Gas Company Ltd. - (Amalgamation)

Gujarat Gas Company was incorporated on January 17, 1980 under the name of Gujarat Amico Chem and obtained the certificate for commencement of business on August 14, 1980. It was promoted by Mafatlal Fine Spinning & Manufacturing Co. and GIIC to implement the Ankleshwar & Bharuch National Gas distribution project by entering into an agreement on December 21, 1987. Erstwhile  a part of BG group, the company was acquired by an integrated gas major GSPC group on June 12,2013.

The company became a subsidiary of MIL on acquisition of 6,12,000 equity shares of Rs 10 each effective January 28, 1991. The company was allotted 1,70,000 CMD of national gas for Ankleshwar Branch project and 3,00,000 CMD of national gas for the Surat project. The name was changed to Gujarat Gas Co. on June 8, 1998.

The corporate office of the company is in Ahmedabad and its area of operations is spread in the districts of Surat and Bharuch.

Milestones

  • 1980: Incorporation of the company
  • 1988: Signed Joint Venture (JV) with Mafatlal group of gas in Gujarat
  • 1989: Commissioning of network and supply of gas in Ankleshwar
  • 1990: Commissioning of network at Bharuch
  • 1991: Commissioning of network Surat
  • 1992: Started GNG operations
  • 1994: Started GFCL (Gujarat Gas Financial Services)
  • 1997: Acquired by BG group (Formaly British Group)
  • 1999: Reached 1,00,000 customer mark
  • 2001: Started Transmission business
  • 2002: Achieved 1mmscmd of gas sales
  • 2003: Obtain OHSAS 18001 accreditation- first in gas industry in India
  • 2004: Commissioned 6 new CNG stations
  • 2005: Listed and awarded one among India’s best managed companies
  • 2006: Reached 20 plus CNG stations
  • 2007: Touched 2,00,000 PNG and 50,000 CNG customer mark
  • 2009: Received the 'Surat Na Sitara' award for the 'best consumer oriented company in surat' in the corporate category at a public function held in Surat on 24th of January 2009
  • 2012: Entered into an agreement with BG India Energy Solutions (BGIESPL), for the purchase or re-gasified LNG (RLNG) volumes of up to 1.0 mmscmd (39,206 mmbtu/day)
  • The Company  executed a fully termed Gas Sales and Transportation Contract (GSTC) with GAIL (India) Ltd (GAIL) for the purchase of gas from the Panna-Mukta and Tapti (PMT) fields.
  • Gujarat Gas gets PNGRB nod for Hazira- Ankleshwar natural gas pipeline.
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