Gujarat Gas Ltd - Stock Valuation and Financial Performance

BSE: 539336 | NSE: GUJGASLTD | Gas Transmission/Marketing | Mid Cap

Gujarat Gas Share Price

557.95 5.25 0.95%
as on 18-May'24 11:24

DeciZen - make an informed investing decision on Gujarat Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Gujarat Gas stock performance -

mw4me loader
P/E Ratio (SA):
33.29
Market Cap:
38,047.3 Cr.
52-wk low:
397.2
52-wk high:
620.6

Is Gujarat Gas Ltd an attractive stock to invest in?

1. Is Gujarat Gas Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Gas Ltd is a good quality company.

2. Is Gujarat Gas Ltd undervalued or overvalued?

The key valuation ratios of Gujarat Gas Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Gujarat Gas Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Gujarat Gas 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 Gujarat Gas:

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 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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.5%13.4%8.5%9.6%10.8%13.4%27.6%25.7%23.7%24.1%-
Value Creation
Index
-0.30.2-0.4-0.3-0.20.01.11.31.11.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7,7979,0066,1065,0936,1747,75410,3009,86616,45616,75916,293
Sales YoY Gr.-15.5%-32.2%-16.6%21.2%25.6%32.8%-4.2%66.8%1.8%-
Adj EPS 0.56.53.13.34.36.217.418.518.822.216.6
YoY Gr.-1228.6%-52.5%6.5%31%44.8%178%6.4%1.9%18%-
BVPS (₹) 23.728.921.923.926.831.747.864.681.3101.6111.7
Adj Net
Profit
33.54482132262974301,1941,2711,2951,5281,143
Cash Flow from Ops. 4121,0946377017859641,4221,6591,6622,378-
Debt/CF from Ops. 833.73.432.31.40.50.30-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.9%22.1%17.6%1.8%
Adj EPS 52.8%38.8%8.6%18%
BVPS17.6%30.5%28.6%24.9%
Share Price - 28.6% 1.6% 14.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
3.424.712.114.41721.343.632.825.824.315.6
Op. Profit
Mgn %
7.612.412.11514.812.91621.312.814.511.5
Net Profit
Mgn %
0.453.54.44.85.511.612.97.99.17
Debt to
Equity
21.61.61.41.310.60.20.100
Working Cap
Days
2031425349443644364023
Cash Conv.
Cycle
0-2-13475787-9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 17.62%

Return on Equity has declined versus last 3 years average to 15.60%

Net Profit has been subdued in last 3 years 8.55%

Sales growth is not so good in last 4 quarters at -4.14%

Latest Financials - Gujarat Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 16.6 16.6
TTM Sales (₹ Cr.) 16,293 16,293
BVPS (₹.) 111.7 112.2
Reserves (₹ Cr.) 7,552 7,585
P/BV 4.95 4.93
PE 33.29 33.27
From the Market
52 Week Low / High (₹) 397.20 / 620.60
All Time Low / High (₹) 91.00 / 786.65
Market Cap (₹ Cr.) 38,047
Equity (₹ Cr.) 137.7
Face Value (₹) 2
Industry PE 32.6

Management X-Ray of Gujarat Gas:

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

Key Ratios of Gujarat Gas

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7,7979,0066,1065,0936,1747,75410,3009,86616,45616,759
Operating Expenses 7,2127,8995,3764,3405,2696,7588,6537,76514,35514,341
Manufacturing Costs3424674344575426668488281,0231,070
Material Costs6,6457,1954,6913,6144,4185,7347,3856,51812,85412,748
Employee Cost 99115129128139160175177191196
Other Costs 126122122141170198245241287327
Operating Profit 5861,1077307529059961,6472,1022,1012,418
Operating Profit Margin (%) 7.5%12.3%12.0%14.8%14.7%12.8%16.0%21.3%12.8%14.4%
Other Income 110107452636111847191101
Interest 3143342502182062082051348267
Depreciation 283238245257272288318344385428
Exceptional Items -7-1-2600-1800-120
Profit Before Tax 926412543034635941,2081,6951,7132,025
Tax 64198658417117714427428499
Profit After Tax 284441882202914171,1931,2681,2861,525
PAT Margin (%) 0.4%4.9%3.1%4.3%4.7%5.4%11.6%12.9%7.8%9.1%
Adjusted EPS (₹)0.46.42.73.24.26.117.318.418.722.2
Dividend Payout Ratio (%)102%16%18%19%19%17%7%11%11%30%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,6331,9911,5091,6451,8462,1843,2914,4495,5996,996
Share Capital 138138138138138138138138138138
Reserves 1,4951,8531,3721,5071,7092,0463,1534,3115,4626,858
Minority Interest0000000000
Debt1,5961,4911,7072,2992,2142,0891,8347703940
Long Term Debt1,5921,4911,7072,2912,2132,0891,8347703910
Short Term Debt4007100030
Trade Payables526425251314293352344447446716
Others Liabilities 2,8992,9902,5832,0912,2792,5022,4282,8433,1163,184
Total Liabilities 6,6546,8966,0506,3486,6337,1277,8978,5099,55510,895

Fixed Assets

Gross Block4,7555,0115,4365,9166,3626,8417,4408,2209,17910,304
Accumulated Depreciation2825257631,0141,2701,5531,8562,1812,5492,968
Net Fixed Assets4,4734,4874,6734,9025,0935,2895,5846,0396,6307,336
CWIP 270357468506478489569731992983
Investments 8411,09912068161617202230
Inventories38414142576946525361
Trade Receivables5453613003483925105107759301,021
Cash Equivalents 212237686113630969231921681
Others Assets275313379423461445479572906782
Total Assets 6,6546,8966,0506,3486,6337,1277,8978,5099,55510,895

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 4121,0946377017859641,4221,6591,6622,378
PBT 926412543034635941,2081,6951,7132,025
Adjustment 510480463458449399453424394409
Changes in Working Capital -31119-22-12-23-2941-44-10405
Tax Paid -161-159-58-49-1040-280-417-436-461
Cash Flow From Investing Activity -1,491-365375-458-430-612-467-612-1,294-1,041
Capex -337-354-558-480-455-530-595-755-1,366-1,086
Net Investments -1,240-11689520-1707010000
Others 851053920258858437345
Cash Flow From Financing Activity 1,097-563-1,224-255-273-349-502-1,318-628-678
Net Proceeds from Shares 500000000000
Net Proceeds from Borrowing 799-72-88918-25-114-215-1,102-419-478
Interest Paid -135-487-252-232-199-195-191-117-53-38
Dividend Paid -600-83-41-50-67-84-86-137-138
Others -7-400026-13-13-19-25
Net Cash Flow 18166-212-13823453-272-260658
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)3.4924.4810.7613.9216.6920.6943.5932.7725.5924.22
ROCE (%)11.9719.2211.0813.2516.3618.729.1734.4131.4231.99
Asset Turnover Ratio1.871.350.960.840.981.161.41.231.861.69
PAT to CFO Conversion(x)14.712.463.393.192.72.311.191.311.291.56
Working Capital Days
Receivable Days25181923212118231921
Inventory Days2223332211
Payable Days15242629252117221317

Gujarat Gas Ltd Stock News

Gujarat Gas Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gujarat Gas on 18-May-2024 11:24 is ₹558.0.
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 18-May-2024 11:24 the market cap of Gujarat Gas stood at ₹38,047.3.
The latest P/E ratio of Gujarat Gas as of 18-May-2024 11:24 is 33.29.
The latest P/B ratio of Gujarat Gas as of 18-May-2024 11:24 is 4.95.
The 52-week high of Gujarat Gas is ₹620.6 and the 52-week low is ₹397.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Gas is ₹16,293 ( Cr.) .

About Gujarat Gas Ltd

Gujarat Gas Ltd. (GGL) is India's largest City Gas Distribution player with its presence spread many Districts in the State of Gujarat, Union Territory of Dadra & Nagar Haveli and Thane Geographical Area (GA) (excluding already authorised areas) which includes Palghar District of Maharashtra. In 10th CGD bidding round announced by PNGRB the company has won 6 GAs comprising of 17 cities in the state of Punjab, Haryana, Madhya Pradesh and Rajasthan, making GGL a pan India Company. The company has India's largest customer base in Residential, Commercial and Industrial segments. It is committed to reach out to every possible natural gas user in its expanded GAs. The size and scale of the combined entity gives it the ability to achieve efficiencies and effectively manage the transformational changes in the sector. This major gain in productivity would benefit all the key stakeholders i.e. Customers and Shareholders. It is strategically aligned to energize India's natural gas vision. Registered Office of the company is Gujarat Gas CNG Station, Sector 5/C, Gandhinagar - 382006 Gujarat.

Business area of the company

The Company is engaged in City Gas Distribution including sale, purchase supply, distribution, transport, trading in Natural Gas, CNG, LNG, LPG & other Gaseous form through Pipelines, Trucks/ Trains or such other suitable mode for transportation/distribution of Natural Gas, CNG, LNG, LPG & other Gaseous Form.

Recognitions

  • The company has received ISO 9001:2015 certification, the world’s most recognized quality management standard.
  • This certification demonstrates GGL’s mature Management System with a proven framework to provide quality services to its customers. The three certifications which GGL received are:

1) Management System Certificate for Quality Management System standard ISO 9001:2015.

2) Management System Certificate for Environmental Management System standard ISO 14001:2015.

3) Management System Certificate for Occupational Health & Safety Management System standard OHSAS 18001:2007.


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