Eastern Gases Ltd - Stock Valuation and Financial Performance

BSE: 540790 | NSE: | Gas Transmission/Marketing | Small Cap

BSE Share Price
Not Listed

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Eastern Gases stock performance -

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P/E Ratio (SA):
Market Cap:
14.1 Cr.
52-wk low:
52-wk high:

Is Eastern Gases Ltd an attractive stock to invest in?

1. Is Eastern Gases Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Eastern Gases Ltd is a below average quality company.

2. Is Eastern Gases Ltd undervalued or overvalued?

No data found

3. Is Eastern Gases Ltd a good buy now?

No data found

10 Year X-Ray of Eastern Gases:

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.
Eastern Gases Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % 5.4%11.5%8.4%10.4%11.8%11.2%10.8%9.8%10.6%7.9%-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 16.838.462.989.713621022722826825412
Sales YoY Gr.-129%63.7%42.8%51.5%54.1%8.5%0.5%17.2%-5.1%-
YoY Gr.-57.1%34.6%55.4%49.6%-15.7%5.5%19.6%14.2%-91.4%-
BVPS (₹) 10.210.611.312.514.416.918.520.322.222.8-3.8
Adj Net
Cash Flow from Ops. 0.8-5-2.5-0.2-
Debt/CF from Ops. 0.2-1.3-4.6-47.8-6.529.84.73.817.45.3-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 35.3%13.3%3.8%-5.1%
Adj EPS -7.1%-36.3%-51%-91.4%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Debt to equity has declined versus last 3 years average to 1.51

Return on Equity is Poor

Sales growth has been subdued in last 3 years 3.80%

Sales growth is not so good in last 4 quarters at -95.67%

Latest Financials - Eastern Gases Ltd.

Standalone Consolidated
TTM EPS (₹) -28.1 -
TTM Sales (₹ Cr.) 12.1 -
BVPS (₹.) -3.8 -
Reserves (₹ Cr.) -21 -
P/BV -2.48 -
PE 0.00 -
From the Market
52 Week Low / High (₹) 9.43 / 9.43
All Time Low / High (₹) 9.43 / 350.00
Market Cap (₹ Cr.) 14.1
Equity (₹ Cr.) 15
Face Value (₹) 10
Industry PE 36.2

Management X-Ray of Eastern Gases:

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 Eastern Gases

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 16.4037.0160.8186.26131.49203.56218.15218.06255.30244.84
Manufacturing Costs0.01000.
Material Costs15.9236.4960.1185.53130.66202.42217.08216.23253.60242.89
Employee Cost
Other Costs 0.410.410.550.400.460.740.601.061.031.15
Operating Profit 0.371.382.043.474.445.959.1210.3412.479.32
Operating Profit Margin (%) 2.2%3.6%3.2%3.9%3.3%2.8%4.0%4.5%4.7%3.7%
Other Income 0.290.460.
Exceptional Items 0000000-0.0100.42
Profit Before Tax 0.270.550.791.331.882.763.494.054.470.97
Profit After Tax 0.230.470.630.991.472.182.302.743.140.56
PAT Margin (%) 1.4%1.2%1.0%1.1%1.1%1.0%1.0%1.2%1.2%0.2%
Adjusted EPS (₹)
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%10%0%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 6.727.738.8410.3012.3725.4827.7830.5233.3134.21
Share Capital 6.487.037.507.988.571515151515
Reserves 0.230.711.342.323.8010.4812.7815.5218.3119.21
Minority Interest0000000000
Long Term Debt0.206.1911.500.430.420.4215.6412.5910.708.59
Short Term Debt00011.1310.0618.5122.6734.6841.4442.91
Trade Payables3.854.3411.059.5814.9218.4321.8613.165.364.29
Others Liabilities 1.511.072.154.3910.161.902.433.064.874.60
Total Liabilities 12.2819.3333.5335.8347.9364.7490.389495.6994.60

Fixed Assets

Gross Block6.487.468.819.6112.0612.4627.7133.9336.2436.85
Accumulated Depreciation2.032.292.593.063.554.185.096.597.7210.14
Net Fixed Assets4.455.176.226.558.518.2822.6327.3428.5326.70
CWIP 0.93000003.
Investments 0.190.19000000.090.091.86
Trade Receivables4.429.6920.9721.9232.7847.1953.1854.1051.6638.38
Cash Equivalents 0.811.281.350.8511.041.332.490.971.30
Others Assets1.292.534.
Total Assets 12.2819.3333.5335.8347.9364.7490.389495.6994.60

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 0.84-4.95-2.51-0.24-1.620.638.1812.542.999.79
PBT 0.270.550.791.331.882.763.514.054.470.55
Changes in Working Capital 0.45-5.68-3.47-1.81-5.75-4.88-0.32.32-9.71-0.17
Tax Paid -0.03-0.09-0.15-0.25-0.35-0.52-0.68-0.57-0.14-0.38
Cash Flow From Investing Activity -0.984.87-3.20-0.80-2.48-0.32-17.83-2.21-1.61-0.25
Capex -1.18-0.98-1.350-2.55-0.410-3.16-2.320.89
Net Investments 00-0.42000000-1.77
Others 0.215.85-1.43-0.800.070.08-17.830.960.700.63
Cash Flow From Financing Activity 0.350.545.780.544.25-0.279.94-9.18-2.90-9.22
Net Proceeds from Shares 0.350.540.470.485.645.880000
Net Proceeds from Borrowing 000-0.08-0.01015.22-3.05-1.89-2.11
Interest Paid 0000-2.08-2.68-5.24-6.12-7.92-9.31
Dividend Paid 0000000000
Others 005.320.130.70-3.47-0.04-0.016.902.20
Net Cash Flow 0.210.470.07-0.500.150.040.301.16-1.520.33
ROE (%)3.616.717.9510.6813.211.578.679.399.841.65
ROCE (%)6.9115.4411.5614.7616.0215.115.8614.1315.1812.01
Asset Turnover Ratio1.492.432.382.593.253.722.932.482.822.67
PAT to CFO Conversion(x)3.65-10.53-3.98-0.24-
Working Capital Days
Receivable Days87678987737081867265
Inventory Days43453112514
Payable Days7541474434303430137

Eastern Gases Ltd Stock News

Eastern Gases Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Eastern Gases on 01-Jan-1970 05:30 is ₹0.00.
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 01-Jan-1970 05:30 the market cap of Eastern Gases stood at ₹14.14.
The latest P/E ratio of Eastern Gases as of 01-Jan-1970 05:30 is 0.00.
The latest P/B ratio of Eastern Gases as of 01-Jan-1970 05:30 is -2.48.
The 52-week high of Eastern Gases is ₹9.43 and the 52-week low is ₹9.43.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Eastern Gases is ₹12.08 ( Cr.) .

About Eastern Gases Ltd

Eastern Gases (EGL) is a public limited company incorporated on February 14, 1995 and exclusively deals with LPG. In the year 1998, it commenced commercial production of bottling the LPG at its plant – Durgapur, West Bengal. EGL is among the largest dedicated liquefied petroleum gas (LPG) company of India amongst private sector players. In 2002, the company entered into marketing agreement with Indian Oil Petronas Private Limited (IPPL), a joint venture company of Indian Oil Corporation Limited, India and Petronas Nasional Berhad, Malaysia (100% held by the Malaysian government), both are fortune 500 companies. IPPL has a state-of-the-art LPG terminal at Haldia with cryogenic storage of imported butane, propane & LPG. The company has licensed capacity of 30,000 MT LPG refilling per month for the plant at Durpagur, West Bengal.

The company specialises in the arrangement to send the bulk LPG orders to all industrial customers from the Haldia import-export terminal of its principle. EGL offers a range of products suitable for a wide variety of applications and a host of services for its customers. The company can offer unlimited quantities of bulk butane, propane and any composition of LPG with the online blending facility. The company is leading supplier of anhydrous ammonia, liquor ammonia and packed ammonia in cylinders.

Products and services:

1. Propane

Propane (C3) is a high-vapor pressure and highly-combustible gas, which is primarily a hydrocarbon. The chemical formula of propane is C3H8. Propane owing to its high-vapor pressure and a very low freezing temperature is the most preferred fuel in European countries. Indian industries have also started recognising the unique features and benefits of using pure-graded propane instead of LPG for their combustion processes.

2. LPG

Liquefied petroleum gas (LPG) is a mixture of propane and butane in varying percentages. Propane and butane are basically alkanes owing to which they do not react with each other chemically to form a third compound but co-exist together as a finely distributed mixture with each having its own distinct properties.

As the characteristics of any good grade LPG depends upon the percentages of propane and butane present in the mixture so care should be taken to ensure that the LPG being used has higher percentage of propane and is totally free from unsaturation. For use in packed containers, Indian standards have a maximum permissible percentage of propane as 50%

3. Butane

Butane (C4) is a low-vapor pressure and highly-combustible gas, which is primarily a hydrocarbon. The chemical formula of butane is C4H10. Butane owing to its low-vapor pressure is the most preferred for low-pressure applications like aerosol propellant, polyethylene polymerization, solvent polyethylene agent-forming for making Styrofoam, gas lighters, etc.

4. Auto LPG

5. Ammonia

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