Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Colin Taylor was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 20
Third quarter 2026 earnings released: EPS: MU₨1.18 (vs MU₨1.30 in 3Q 2025) Third quarter 2026 results: EPS: MU₨1.18 (down from MU₨1.30 in 3Q 2025). Revenue: MU₨44.7m (down 29% from 3Q 2025). Net income: MU₨3.09m (down 8.6% from 3Q 2025). Profit margin: 6.9% (up from 5.4% in 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has remained flat, which means it is well ahead of earnings. 공고 • Feb 04
An undisclosed buyer completed the acquisition of an unknown majority stake in Les Gaz Industriels Limited (MUSE:GIL.I0000). An undisclosed buyer proposed a non-binding offer to acquire an unknown majority stake in Les Gaz Industriels Limited (MUSE:GIL.I0000) on June 2, 2025. If successfully concluded, this transaction may have a material effect on the price of the Les Gaz Industriels Limited's securities and its shareholding structure. On January 27, 2026, the board of directors of Les Gaz Industriels Limited has notified its shareholders of the binding offer.
An undisclosed buyer completed the acquisition of an unknown majority stake in Les Gaz Industriels Limited (MUSE:GIL.I0000) on February 2, 2026. 공고 • Dec 01
Les Gaz Industriels Limited, Annual General Meeting, Dec 23, 2025 Les Gaz Industriels Limited, Annual General Meeting, Dec 23, 2025, at 10:00 Arabian Standard Time. Location: the offices of the company, pailles road, grnw, Mauritius 공고 • Nov 19
Les Gaz Industriels Limited, Annual General Meeting, Dec 06, 2024 Les Gaz Industriels Limited, Annual General Meeting, Dec 06, 2024, at 12:00 Arabian Standard Time. Location: at he offices of the company, pailles road, grnw, Mauritius Reported Earnings • Nov 16
First quarter 2025 earnings released: MU₨1.34 loss per share (vs MU₨0.38 profit in 1Q 2024) First quarter 2025 results: MU₨1.34 loss per share (down from MU₨0.38 profit in 1Q 2024). Revenue: MU₨33.4m (down 10.0% from 1Q 2024). Net loss: MU₨3.45m (down 430% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 47% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Sep 29
Full year 2024 earnings released: EPS: MU₨0.98 (vs MU₨5.95 in FY 2023) Full year 2024 results: EPS: MU₨0.98 (down from MU₨5.95 in FY 2023). Revenue: MU₨166.3m (down 14% from FY 2023). Net income: MU₨2.25m (down 86% from FY 2023). Profit margin: 1.3% (down from 8.1% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to MU₨49.00, the stock trades at a trailing P/E ratio of 7.7x. Average trailing P/E is 10x in the Chemicals industry in Africa. Total returns to shareholders of 92% over the past three years. Reported Earnings • Feb 14
Second quarter 2024 earnings released: EPS: MU₨2.20 (vs MU₨0.88 in 2Q 2023) Second quarter 2024 results: EPS: MU₨2.20 (up from MU₨0.88 in 2Q 2023). Revenue: MU₨55.8m (up 21% from 2Q 2023). Net income: MU₨5.15m (up 125% from 2Q 2023). Profit margin: 9.2% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 12% per year. 공고 • Nov 17
Les Gaz Industriels Limited, Annual General Meeting, Dec 06, 2023 Les Gaz Industriels Limited, Annual General Meeting, Dec 06, 2023, at 09:00 Coordinated Universal Time. Location: Pailles Road, GRNW Mauritius Agenda: To approve the minutes of proceedings of the 70th Annual Meeting of the shareholders of the Company held on December 6, 2022 and the minutes of Extraordinary General Meeting held on May 31, 2022; to consider the annual report of the Company for the year ended June 30, 2023. to receive the report of the Auditors of the Company for the year ended June 30,2023; and to consider other matters. Reported Earnings • Nov 15
First quarter 2024 earnings released: EPS: MU₨0.38 (vs MU₨1.10 in 1Q 2023) First quarter 2024 results: EPS: MU₨0.38 (down from MU₨1.10 in 1Q 2023). Revenue: MU₨37.1m (down 39% from 1Q 2023). Net income: MU₨1.04m (down 64% from 1Q 2023). Profit margin: 2.8% (down from 4.7% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 21
Upcoming dividend of MU₨1.50 per share at 7.1% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Trailing yield: 7.1%. Within top quartile of Mauritian dividend payers (5.8%). In line with average of industry peers (7.0%). Reported Earnings • Sep 14
Full year 2023 earnings released: EPS: MU₨5.95 (vs MU₨2.37 in FY 2022) Full year 2023 results: EPS: MU₨5.95 (up from MU₨2.37 in FY 2022). Revenue: MU₨192.8m (down 9.7% from FY 2022). Net income: MU₨15.6m (up 152% from FY 2022). Profit margin: 8.1% (up from 2.9% in FY 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 11
Upcoming dividend of ₹1.50 per share at 5.0% yield Eligible shareholders must have bought the stock before 18 May 2023. Payment date: 19 June 2023. Trailing yield: 5.0%. Lower than top quartile of Mauritian dividend payers (6.2%). Lower than average of industry peers (6.6%). 공고 • May 06
Les Gaz Industriels Limited Declares an Interim Dividend for the Financial Year Ended 30 June 2023, Payable on or About 19 June 2023 Les Gaz Industriels Limited has declared an interim dividend of INR 1.50 per share for shareholders registered at the close of business on 22 May 2023 in respect of its financial year ended 30 June 2023. The aforesaid dividend will be paid in full on or about 19 June 2023. The shares of the Company will be traded cum-dividend up to and including the market day of 17 May 2023 and ex-dividend on 18 May 2023. Reported Earnings • Apr 29
Third quarter 2023 earnings released: EPS: MU₨0.91 (vs MU₨1.03 loss in 3Q 2022) Third quarter 2023 results: EPS: MU₨0.91 (up from MU₨1.03 loss in 3Q 2022). Revenue: MU₨42.4m (up 4.3% from 3Q 2022). Net income: MU₨2.37m (up MU₨5.06m from 3Q 2022). Profit margin: 5.6% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Second quarter 2023 earnings released: EPS: MU₨0.88 (vs MU₨3.05 in 2Q 2022) Second quarter 2023 results: EPS: MU₨0.88 (down from MU₨3.05 in 2Q 2022). Revenue: MU₨46.3m (down 40% from 2Q 2022). Net income: MU₨2.29m (down 71% from 2Q 2022). Profit margin: 5.0% (down from 10% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Cathy McIlraith was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 13
First quarter 2023 earnings released: EPS: MU₨1.10 (vs MU₨1.42 in 1Q 2022) First quarter 2023 results: EPS: MU₨1.10 (down from MU₨1.42 in 1Q 2022). Revenue: MU₨61.1m (up 15% from 1Q 2022). Net income: MU₨2.87m (down 23% from 1Q 2022). Profit margin: 4.7% (down from 7.0% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Oct 10
Upcoming dividend of MU₨2.50 per share Eligible shareholders must have bought the stock before 17 October 2022. Payment date: 05 December 2022. Trailing yield: 4.7%. Within top quartile of Mauritian dividend payers (4.5%). Lower than average of industry peers (6.1%). Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: MU₨2.37 (vs MU₨7.53 in FY 2021) Full year 2022 results: EPS: MU₨2.37 (down from MU₨7.53 in FY 2021). Revenue: MU₨213.6m (up 11% from FY 2021). Net income: MU₨6.18m (down 69% from FY 2021). Profit margin: 2.9% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 3 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Cathy McIlraith was the last independent director to join the board, commencing their role in 2012. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Feb 10
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: MU₨3.05 (up from MU₨0.18 in 2Q 2021). Revenue: MU₨76.9m (up 176% from 2Q 2021). Net income: MU₨7.97m (up MU₨7.50m from 2Q 2021). Profit margin: 10% (up from 1.7% in 2Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Nov 26
Investor sentiment improved over the past week After last week's 19% share price gain to MU₨53.00, the stock trades at a trailing P/E ratio of 6.7x. Average trailing P/E is 11x in the Chemicals industry in Africa. Total loss to shareholders of 13% over the past three years. Upcoming Dividend • Oct 05
Upcoming dividend of MU₨2.00 per share Eligible shareholders must have bought the stock before 12 October 2021. Payment date: 03 December 2021. Trailing yield: 4.7%. Within top quartile of Mauritian dividend payers (3.8%). In line with average of industry peers (5.2%). Reported Earnings • Sep 29
Full year 2021 earnings released: EPS MU₨7.53 (vs MU₨1.03 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: MU₨192.0m (up 52% from FY 2020). Net income: MU₨19.7m (up MU₨22.3m from FY 2020). Profit margin: 10% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Feb 15
New 90-day low: MU₨30.00 The company is down 17% from its price of MU₨36.00 on 17 November 2020. The Mauritian market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 45% over the same period. Reported Earnings • Feb 11
Second quarter 2021 earnings released: EPS MU₨0.18 (vs MU₨0.40 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: MU₨27.9m (down 22% from 2Q 2020). Net income: MU₨466.0k (down 55% from 2Q 2020). Profit margin: 1.7% (down from 2.9% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Dec 07
New 90-day low: MU₨31.00 The company is down 14% from its price of MU₨36.00 on 08 September 2020. The Mauritian market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 3.0% over the same period. Reported Earnings • Oct 03
Full year earnings released - MU₨1.03 loss per share Over the last 12 months the company has reported total losses of MU₨2.68m, with losses widening by 80% from the prior year. Total revenue was MU₨126.6m over the last 12 months, up 15% from the prior year. 
