GUJARAT GAS LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 551.4 INR | +1.51% |
|
+0.94% | +19.48% |
| Apr. 16 | Gujarat Gas, Indian Oil Tie Up to Expand Access to Energy Solutions | MT |
| Mar. 07 | Guangdong Gas Limited and Bharat Petroleum Corporation Limited Enter into Memorandum of Understanding | CI |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 101,951 | 158,915 | 378,236 | 346,432 | 316,384 | 379,578 | - | - |
| Enterprise Value (EV) 1 | 119,710 | 170,318 | 382,726 | 350,129 | 309,574 | 368,194 | 363,348 | 353,724 |
| P/E ratio | 24.4 x | 13.3 x | 29.6 x | 26.9 x | 20.7 x | 32.8 x | 26.2 x | 22.7 x |
| Yield | 0.68% | 0.54% | 0.36% | 0.4% | 1.45% | 0.92% | 1.09% | 1.29% |
| Capitalization / Revenue | 1.31 x | 1.54 x | 3.84 x | 2.11 x | 1.89 x | 2.45 x | 2.24 x | 2.03 x |
| EV / Revenue | 1.54 x | 1.65 x | 3.88 x | 2.13 x | 1.85 x | 2.38 x | 2.14 x | 1.89 x |
| EV / EBITDA | 12.2 x | 10.4 x | 18.3 x | 16.9 x | 12.9 x | 19.8 x | 15.7 x | 13.6 x |
| EV / FCF | 28.6 x | 20.7 x | 42.3 x | 119 x | 24 x | 57.8 x | 41.5 x | 31 x |
| FCF Yield | 3.5% | 4.84% | 2.36% | 0.84% | 4.16% | 1.73% | 2.41% | 3.22% |
| Price to Book | 4.62 x | 4.79 x | 8.38 x | 6.15 x | 4.5 x | 4.85 x | 4.26 x | 3.77 x |
| Nbr of stocks (in thousands) | 688,390 | 688,390 | 688,390 | 688,390 | 688,390 | 688,390 | - | - |
| Reference price 2 | 148.1 | 230.8 | 549.4 | 503.2 | 459.6 | 551.4 | 551.4 | 551.4 |
| Announcement Date | 5/6/19 | 6/5/20 | 6/1/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 77,544 | 103,003 | 98,542 | 164,562 | 167,594 | 154,699 | 169,433 | 187,149 |
| EBITDA 1 | 9,846 | 16,343 | 20,878 | 20,763 | 23,920 | 18,568 | 23,126 | 26,076 |
| EBIT 1 | 6,966 | 13,163 | 17,470 | 16,914 | 19,637 | 14,564 | 18,226 | 20,607 |
| Operating Margin | 8.98% | 12.78% | 17.73% | 10.28% | 11.72% | 9.41% | 10.76% | 11.01% |
| Earnings before Tax (EBT) 1 | 5,956 | 12,080 | 17,048 | 17,134 | 20,247 | 15,471 | 19,460 | 22,367 |
| Net income 1 | 4,184 | 11,988 | 12,777 | 12,856 | 15,284 | 11,596 | 14,563 | 16,777 |
| Net margin | 5.4% | 11.64% | 12.97% | 7.81% | 9.12% | 7.5% | 8.6% | 8.96% |
| EPS 2 | 6.080 | 17.41 | 18.56 | 18.68 | 22.20 | 16.83 | 21.06 | 24.27 |
| Free Cash Flow 1 | 4,185 | 8,244 | 9,038 | 2,954 | 12,888 | 6,375 | 8,755 | 11,393 |
| FCF margin | 5.4% | 8% | 9.17% | 1.8% | 7.69% | 4.12% | 5.17% | 6.09% |
| FCF Conversion (EBITDA) | 42.5% | 50.45% | 43.29% | 14.23% | 53.88% | 34.33% | 37.86% | 43.69% |
| FCF Conversion (Net income) | 100% | 68.77% | 70.74% | 22.98% | 84.32% | 54.98% | 60.12% | 67.91% |
| Dividend per Share 2 | 1.000 | 1.250 | 2.000 | 2.000 | 6.650 | 5.094 | 5.985 | 7.128 |
| Announcement Date | 5/6/19 | 6/5/20 | 6/1/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 30,109 | 36,145 | 51,444 | 46,694 | 39,765 | 36,843 | 39,286 | 37,815 | 39,507 | 40,760 | 40,764 |
| EBITDA 1 | 7,229 | 4,210 | 2,375 | 6,974 | 6,427 | 5,823 | 5,603 | 3,880 | 4,213 | 4,791 | 5,099 |
| EBIT | - | - | 1,406 | 5,954 | 5,363 | 4,730 | - | 2,729 | - | 2,672 | 4,971 |
| Operating Margin | - | - | 2.73% | 12.75% | 13.49% | 12.84% | - | 7.22% | - | 6.55% | 12.19% |
| Earnings before Tax (EBT) 1 | 6,378 | 3,343 | 1,619 | 5,867 | 5,418 | 4,974 | - | 4,200 | - | 3,340 | 4,490 |
| Net income 1 | 4,767 | 2,491 | 1,229 | 4,443 | 4,044 | 3,716 | 3,705 | 2,160 | 2,403 | 2,950 | 3,129 |
| Net margin | 15.83% | 6.89% | 2.39% | 9.51% | 10.17% | 10.09% | 9.43% | 5.71% | 6.08% | 7.24% | 7.68% |
| EPS | 6.920 | 3.620 | 1.790 | 6.450 | 5.870 | 5.400 | - | 3.140 | - | 4.300 | 5.600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/5/21 | 10/28/21 | 2/8/22 | 5/10/22 | 11/10/22 | 2/13/23 | 5/10/23 | 8/2/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 17,760 | 11,403 | 4,490 | 3,697 | - | - | - | - |
| Net Cash position 1 | - | - | - | - | 6,810 | 11,384 | 16,230 | 25,854 |
| Leverage (Debt/EBITDA) | 1.804 x | 0.6977 x | 0.2151 x | 0.178 x | - | - | - | - |
| Free Cash Flow 1 | 4,185 | 8,244 | 9,038 | 2,954 | 12,888 | 6,375 | 8,755 | 11,393 |
| ROE (net income / shareholders' equity) | 21.2% | 43.4% | 32.6% | 25.4% | 24.1% | 15.1% | 16.8% | 17.3% |
| ROA (Net income/ Total Assets) | 6.24% | 15.9% | 15.6% | 14.2% | 14.9% | 11.4% | 12.7% | 12.5% |
| Assets 1 | 67,084 | 75,415 | 82,026 | 90,632 | 102,574 | 101,800 | 114,544 | 134,624 |
| Book Value Per Share 2 | 32.00 | 48.20 | 65.50 | 81.80 | 102.0 | 114.0 | 130.0 | 146.0 |
| Cash Flow per Share | 6.080 | 20.60 | 24.00 | 24.10 | 34.50 | - | - | - |
| Capex 1 | 5,376 | 5,956 | 7,513 | 13,663 | 10,867 | 10,969 | 10,889 | 10,849 |
| Capex / Sales | 6.93% | 5.78% | 7.62% | 8.3% | 6.48% | 7.09% | 6.43% | 5.8% |
| Announcement Date | 5/6/19 | 6/5/20 | 6/1/21 | 5/10/22 | 5/10/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C-
Sell
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
27
Last Close Price
551.4
INR
Average target price
500.6
INR
Spread / Average Target
-9.21%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +19.48% | 4.55B | |
| 0.00% | 14.25B | |
| +16.26% | 9.6B | |
| +7.95% | 8.41B | |
| +5.35% | 7.53B | |
| -3.52% | 7.3B | |
| +28.95% | 5.72B | |
| -28.15% | 5.56B | |
| +18.39% | 5.37B | |
| +3.17% | 5.32B |
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