Gujarat Gas Ltd - Stock Valuation and Financial Performance

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

Gujarat Gas Share Price

520.70 -6.60 -1.25%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Gujarat Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Gujarat Gas stock performance -

mw4me loader
P/E Ratio (SA):
28.43
Market Cap:
35,748.1 Cr.
52-wk low:
402.3
52-wk high:
689.5

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 Somewhat Undervalued zone.

3. Is Gujarat Gas Ltd a good buy now?

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

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 19.2%11.1%13.3%16.4%18.7%29.2%34.4%31.4%32%21.7%-
Value Creation
Index
0.7-0.20.00.20.41.22.11.81.80.9-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9,0066,1065,0936,1747,75410,3009,86616,45616,75915,69016,984
Sales YoY Gr.--32.2%-16.6%21.2%25.6%32.8%-4.2%66.8%1.8%-6.4%-
Adj EPS 6.53.13.34.36.217.418.518.822.216.118.3
YoY Gr.--52.5%6.5%31%44.8%178%6.4%1.9%18%-27.6%-
BVPS (₹) 28.921.923.926.831.747.864.681.3101.6111.7116.5
Adj Net
Profit
4482132262974301,1941,2711,2951,5281,1061,258
Cash Flow from Ops. 1,0946377017859641,4221,6591,6622,3781,634-
Debt/CF from Ops. 33.73.432.31.40.50.300-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.4%15.1%16.7%-6.4%
Adj EPS 10.6%20.8%-4.5%-27.6%
BVPS16.2%28.6%20%9.9%
Share Price - 21.5% -6.6% 28.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
24.712.114.41721.343.632.825.824.315.116
Op. Profit
Mgn %
12.412.11514.812.91621.312.814.512.111.9
Net Profit
Mgn %
53.54.44.85.511.612.97.99.17.17.4
Debt to
Equity
1.61.61.41.310.60.20.100-
Working Cap
Days
3142534944364436404223
Cash Conv.
Cycle
-2-134757876-9

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.72%

Return on Equity has declined versus last 3 years average to 16.00%

Net Profit has been subdued in last 3 years -4.54%

Sales growth is not so good in last 4 quarters at 6.76%

Latest Financials - Gujarat Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 18.3 18.3
TTM Sales (₹ Cr.) 16,984 16,984
BVPS (₹.) 116.5 117
Reserves (₹ Cr.) 7,881 7,915
P/BV 4.46 4.44
PE 28.43 28.41
From the Market
52 Week Low / High (₹) 402.30 / 689.45
All Time Low / High (₹) 91.00 / 786.65
Market Cap (₹ Cr.) 35,748
Equity (₹ Cr.) 137.7
Face Value (₹) 2
Industry PE 30.2

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales9,0066,1065,0936,1747,75410,3009,86616,45616,75915,690
Operating Expenses 7,8995,3764,3405,2696,7588,6537,76514,35514,34113,790
Manufacturing Costs4674344575426668488281,0231,0701,263
Material Costs7,1954,6913,6144,4185,7347,3856,51812,85412,74811,921
Employee Cost 115129128139160175177191196199
Other Costs 122122141170198245241287327407
Operating Profit 1,1077307529059961,6472,1022,1012,4181,901
Operating Profit Margin (%) 12.3%12.0%14.8%14.7%12.8%16.0%21.3%12.8%14.4%12.1%
Other Income 107452636111847191101108
Interest 334250218206208205134826754
Depreciation 238245257272288318344385428474
Exceptional Items -1-2600-1800-12056
Profit Before Tax 6412543034635941,2081,6951,7132,0251,536
Tax 198658417117714427428499393
Profit After Tax 4441882202914171,1931,2681,2861,5251,143
PAT Margin (%) 4.9%3.1%4.3%4.7%5.4%11.6%12.9%7.8%9.1%7.3%
Adjusted EPS (₹)6.42.73.24.26.117.318.418.722.216.6
Dividend Payout Ratio (%)16%18%19%19%17%7%11%11%30%34%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,9911,5091,6451,8462,1843,2914,4495,5996,9967,689
Share Capital 138138138138138138138138138138
Reserves 1,8531,3721,5071,7092,0463,1534,3115,4626,8587,552
Minority Interest0000000000
Debt1,4911,7072,2992,2142,0891,83477039400
Long Term Debt1,4911,7072,2912,2132,0891,83477039100
Short Term Debt0071000300
Trade Payables425251314293352344447446716700
Others Liabilities 2,9902,5832,0912,2792,5022,4282,8433,1163,1843,269
Total Liabilities 6,8966,0506,3486,6337,1277,8978,5099,55510,89511,658

Fixed Assets

Gross Block5,0115,4365,9166,3626,8417,4408,2209,17910,30411,193
Accumulated Depreciation5257631,0141,2701,5531,8562,1812,5492,9683,431
Net Fixed Assets4,4874,6734,9025,0935,2895,5846,0396,6307,3367,761
CWIP 357468506478489569731992983918
Investments 1,09912068161617202230135
Inventories41414257694652536159
Trade Receivables3613003483925105107759301,0211,030
Cash Equivalents 237686113630969231921681926
Others Assets313379423461445479572906782829
Total Assets 6,8966,0506,3486,6337,1277,8978,5099,55510,89511,658

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 1,0946377017859641,4221,6591,6622,3781,634
PBT 6412543034635941,2081,6951,7132,0251,536
Adjustment 480463458449399453424394409441
Changes in Working Capital 119-22-12-23-2941-44-10405-20
Tax Paid -159-58-49-1040-280-417-436-461-323
Cash Flow From Investing Activity -365375-458-430-612-467-612-1,294-1,041-879
Capex -354-558-480-455-530-595-755-1,366-1,086-837
Net Investments -11689520-1707010000-100
Others 105392025885843734558
Cash Flow From Financing Activity -563-1,224-255-273-349-502-1,318-628-678-514
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -72-88918-25-114-215-1,102-419-4780
Interest Paid -487-252-232-199-195-191-117-53-38-27
Dividend Paid 0-83-41-50-67-84-86-137-138-457
Others -400026-13-13-19-25-29
Net Cash Flow 166-212-13823453-272-260658241
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)24.4810.7613.9216.6920.6943.5932.7725.5924.2215.56
ROCE (%)19.2211.0813.2516.3618.729.1734.4131.4231.9921.65
Asset Turnover Ratio1.350.960.840.981.161.41.231.861.691.44
PAT to CFO Conversion(x)2.463.393.192.72.311.191.311.291.561.43
Working Capital Days
Receivable Days18192321211823192123
Inventory Days2233322111
Payable Days24262925211722131722

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 31-Oct-2024 16:01 is ₹520.7.
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 31-Oct-2024 16:01 the market cap of Gujarat Gas stood at ₹35,748.1.
The latest P/E ratio of Gujarat Gas as of 31-Oct-2024 16:01 is 28.43.
The latest P/B ratio of Gujarat Gas as of 31-Oct-2024 16:01 is 4.46.
The 52-week high of Gujarat Gas is ₹689.5 and the 52-week low is ₹402.3.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Gas is ₹16,984 ( 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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