Gujarat Gas Ltd.

NSE: GUJGASLTD · LPG/CNG/PNG/LNG Supplier

52W Range₹302 ₹465

Snapshot

Unlock Gujarat Gas Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Gujarat Gas Limited is a prominent Indian natural gas distribution company that operates an extensive pipeline network and numerous compressed natural gas stations. The company provides piped natural gas to a diverse customer base, including residential households, industrial units, and commercial establishments across multiple Indian states.

Business Model

The company generates revenue by distributing natural gas through its pipeline infrastructure to industrial, commercial, and domestic consumers. It leverages its vast network of CNG stations and pipeline connectivity to capture market share in the energy distribution sector.

  • Pipeline Network:33,500 km
  • CNG Stations:721
  • Residential Households:17 lakh

Growth Outlook

Growth is driven by the expansion of the gas distribution network into new geographical districts and the increasing adoption of cleaner fuel alternatives in industrial and transport sectors. The company continues to focus on infrastructure development to enhance its reach across its operational states.

Key Risks

  • Regulatory Risk. Changes in government policies regarding gas pricing and allocation can significantly impact profit margins.
  • Commodity Price Volatility. Fluctuations in the global price of natural gas and currency exchange rates affect the cost of procurement.
  • Operational Risk. Maintaining an extensive pipeline network across diverse geographies involves inherent safety and maintenance challenges.
  • Competitive Pressure. The entry of new players in the city gas distribution sector may lead to increased competition and pressure on market share.

Price

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Key Metrics

REVENUE

₹17,912 Cr

TTM · consolidated

+4.2%YoY

NET PROFIT

₹1,026 Cr

TTM · consolidated

-10.6%YoY

EPS

₹16.45

TTM · consolidated

-1.3%YoY

RETURN ON EQUITY

9.3%

TTM · consolidated

-5.2 ppYoY

RETURN ON CAPITAL EMPLOYED

12.5%

TTM · consolidated

-4.9 ppYoY

P/E

19.9x

Q4 FY26 · consolidated

19.9 vs 17.7x5Y avg

EV/EBITDA

10.4x

Q4 FY26 · consolidated

10.4 vs 10.1x5Y avg

EBITDA MARGIN

13.2%

TTM · consolidated

+1.0 ppYoY

NET PROFIT MARGIN

2.5%

Q4 FY26 · consolidated

-4.2 ppYoY

DEBT TO EQUITY

0.2x

Q4 FY26 · consolidated

+0.17xYoY

Peers · LPG/CNG/PNG/LNG Supplier

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Gujarat Gas Ltd.GUJGASLTD
22,99219.8810.394.2%13.2%9.3%12.5%
Petronet LNG Ltd.PETRONET
36,10510.586.38-14.7%14.3%19.1%22.6%-11.1%
Indraprastha Gas Ltd.IGL
21,00013.929.668.4%12.4%14.2%14.8%-29.9%
Mahanagar Gas Ltd.MGL
9,12713.096.9613.6%17.3%14.0%17.7%-24.7%
Confidence PetroCONFIPET
1,16626.987.8249.6%8.0%7.1%10.7%+35.6%
IRM EnergyIRMENERGY
75920.287.919.8%11.9%5.5%8.7%-14.5%

As of Q4 FY26

Financials