GAIL (India) Limited

NSEI:GAIL Stock Report

Market Cap: ₹1.2t

GAIL (India) Valuation

Is GAIL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GAIL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GAIL (₹185.46) is trading above our estimate of fair value (₹172.81)

Significantly Below Fair Value: GAIL is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for GAIL?

Key metric: As GAIL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for GAIL. This is calculated by dividing GAIL's market cap by their current earnings.
What is GAIL's PE Ratio?
PE Ratio10.6x
Earnings₹115.40b
Market Cap₹1.22t

Price to Earnings Ratio vs Peers

How does GAIL's PE Ratio compare to its peers?

The above table shows the PE ratio for GAIL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average38.4x
ATGL Adani Total Gas
104.9xn/a₹736.8b
IGL Indraprastha Gas
12.3x2.5%₹227.5b
GUJGASLTD Gujarat Gas
24.5x15.4%₹311.5b
GSPL Gujarat State Petronet
12x-21.9%₹183.1b
GAIL GAIL (India)
10.6x1.5%₹1.2t

Price-To-Earnings vs Peers: GAIL is good value based on its Price-To-Earnings Ratio (10.6x) compared to the peer average (38.4x).

Price to Earnings Ratio vs Industry

How does GAIL's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
GAIL 10.6xIndustry Avg. 13.2xNo. of Companies12PE0816243240+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: GAIL is good value based on its Price-To-Earnings Ratio (10.6x) compared to the Asian Gas Utilities industry average (13.2x).

Price to Earnings Ratio vs Fair Ratio

What is GAIL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GAIL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.6x
Fair PE Ratio20.7x

Price-To-Earnings vs Fair Ratio: GAIL is good value based on its Price-To-Earnings Ratio (10.6x) compared to the estimated Fair Price-To-Earnings Ratio (20.7x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GAIL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹185.46
₹234.66
+26.5%
15.4%₹290.00₹148.00n/a32
Nov ’25₹200.16
₹237.68
+18.7%
17.0%₹295.00₹148.00n/a31
Oct ’25₹239.76
₹238.71
-0.4%
15.8%₹295.00₹148.00n/a31
Sep ’25₹237.69
₹237.06
-0.3%
15.6%₹295.00₹148.00n/a31
Aug ’25₹239.00
₹234.50
-1.9%
15.6%₹295.00₹148.00n/a32
Jul ’25₹222.55
₹202.66
-8.9%
14.2%₹255.00₹148.00n/a32
Jun ’25₹204.30
₹202.00
-1.1%
14.6%₹255.00₹148.00n/a32
May ’25₹209.10
₹186.94
-10.6%
15.0%₹254.00₹140.00n/a31
Apr ’25₹182.35
₹180.48
-1.0%
13.1%₹230.00₹140.00n/a31
Mar ’25₹184.15
₹177.03
-3.9%
12.9%₹225.00₹135.00n/a31
Feb ’25₹173.70
₹173.60
-0.06%
15.9%₹225.00₹100.00n/a30
Jan ’25₹166.20
₹141.00
-15.2%
11.8%₹195.00₹100.00n/a30
Dec ’24₹136.05
₹138.32
+1.7%
9.3%₹160.00₹100.00n/a31
Nov ’24₹117.60
₹137.77
+17.2%
9.3%₹160.00₹100.00₹200.1631
Oct ’24₹124.40
₹132.48
+6.5%
10.0%₹152.00₹100.00₹239.7632
Sep ’24₹121.35
₹129.88
+7.0%
10.9%₹150.00₹100.00₹237.6931
Aug ’24₹120.35
₹128.81
+7.0%
11.0%₹150.00₹100.00₹239.0030
Jul ’24₹105.05
₹120.25
+14.5%
12.4%₹150.00₹80.00₹222.5529
Jun ’24₹105.35
₹119.37
+13.3%
12.6%₹150.00₹80.00₹204.3028
May ’24₹107.30
₹119.60
+11.5%
13.6%₹150.00₹80.00₹209.1027
Apr ’24₹105.15
₹119.28
+13.4%
13.9%₹150.00₹80.00₹182.3526
Mar ’24₹103.40
₹111.54
+7.9%
13.2%₹150.00₹80.00₹184.1527
Feb ’24₹96.05
₹108.31
+12.8%
12.2%₹135.00₹80.00₹173.7028
Jan ’24₹96.05
₹108.95
+13.4%
17.6%₹160.00₹75.00₹166.2028
Dec ’23₹93.65
₹109.54
+17.0%
18.2%₹160.00₹75.00₹136.0527
Nov ’23₹91.40
₹116.57
+27.5%
18.3%₹160.00₹77.00₹117.6028

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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