NSEI:GUJGASLTD

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Executive Summary

Gujarat Gas Limited engages in the distribution of city natural gas in India.


Snowflake Analysis

Outstanding track record with mediocre balance sheet.

Share Price & News

How has Gujarat Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GUJGASLTD has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

2.2%

GUJGASLTD

-3.0%

IN Gas Utilities

-1.1%

IN Market


1 Year Return

80.8%

GUJGASLTD

-5.2%

IN Gas Utilities

-7.5%

IN Market

Return vs Industry: GUJGASLTD exceeded the Indian Gas Utilities industry which returned -5.2% over the past year.

Return vs Market: GUJGASLTD exceeded the Indian Market which returned -7.5% over the past year.


Shareholder returns

GUJGASLTDIndustryMarket
7 Day2.2%-3.0%-1.1%
30 Day2.6%-4.2%6.9%
90 Day14.5%6.7%16.9%
1 Year81.8%80.8%-2.1%-5.2%-5.7%-7.5%
3 Year94.8%92.0%11.3%3.4%-1.1%-5.7%
5 Yearn/a13.5%0.8%24.2%14.5%

Price Volatility Vs. Market

How volatile is Gujarat Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Gujarat Gas undervalued compared to its fair value and its price relative to the market?

16.94x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: GUJGASLTD (₹294.9) is trading above our estimate of fair value (₹195.79)

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


Price To Earnings Ratio

PE vs Industry: GUJGASLTD is poor value based on its PE Ratio (16.9x) compared to the IN Gas Utilities industry average (14.7x).

PE vs Market: GUJGASLTD is poor value based on its PE Ratio (16.9x) compared to the Indian market (12.5x).


Price to Earnings Growth Ratio

PEG Ratio: GUJGASLTD is poor value based on its PEG Ratio (6.2x)


Price to Book Ratio

PB vs Industry: GUJGASLTD is overvalued based on its PB Ratio (6.1x) compared to the IN Gas Utilities industry average (4.3x).


Next Steps

Future Growth

How is Gujarat Gas forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

2.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GUJGASLTD's forecast earnings growth (2.7% per year) is below the savings rate (7.2%).

Earnings vs Market: GUJGASLTD's earnings (2.7% per year) are forecast to grow slower than the Indian market (19.3% per year).

High Growth Earnings: GUJGASLTD's earnings are forecast to grow, but not significantly.

Revenue vs Market: GUJGASLTD's revenue (10% per year) is forecast to grow faster than the Indian market (7.6% per year).

High Growth Revenue: GUJGASLTD's revenue (10% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: GUJGASLTD's Return on Equity is forecast to be high in 3 years time (25.4%)


Next Steps

Past Performance

How has Gujarat Gas performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GUJGASLTD has high quality earnings.

Growing Profit Margin: GUJGASLTD's current net profit margins (11.6%) are higher than last year (5.4%).


Past Earnings Growth Analysis

Earnings Trend: GUJGASLTD's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: GUJGASLTD's earnings growth over the past year (185.7%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: GUJGASLTD earnings growth over the past year (185.7%) exceeded the Gas Utilities industry 60.6%.


Return on Equity

High ROE: GUJGASLTD's Return on Equity (36.1%) is considered high.


Next Steps

Financial Health

How is Gujarat Gas's financial position?


Financial Position Analysis

Short Term Liabilities: GUJGASLTD's short term assets (₹14.4B) do not cover its short term liabilities (₹18.2B).

Long Term Liabilities: GUJGASLTD's short term assets (₹14.4B) do not cover its long term liabilities (₹27.9B).


Debt to Equity History and Analysis

Debt Level: GUJGASLTD's debt to equity ratio (55.3%) is considered high.

Reducing Debt: GUJGASLTD's debt to equity ratio has reduced from 160.5% to 55.3% over the past 5 years.

Debt Coverage: GUJGASLTD's debt is well covered by operating cash flow (77.4%).

Interest Coverage: GUJGASLTD's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Gujarat Gas's current dividend yield, its reliability and sustainability?

0.42%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GUJGASLTD's dividend (0.42%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.7%).

High Dividend: GUJGASLTD's dividend (0.42%) is low compared to the top 25% of dividend payers in the Indian market (2.81%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, GUJGASLTD has been paying a dividend for less than 10 years.

Growing Dividend: GUJGASLTD's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.2%), GUJGASLTD's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: GUJGASLTD's dividends in 3 years are forecast to be well covered by earnings (17.5% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Gujarat Gas has no CEO, or we have no data on them.


Leadership Team

NamePositionTenureCompensationOwnership
Nitesh Bhandari
Chief Financial Officer4.83yrs₹3.30mno data
Ragunath Kulai
Senior Vice President of Technical Services2.75yrsno datano data
Himanshu Upadhyay
Senior Vice President of HR & Admin2.75yrsno datano data
Sandeep Dave
Group General Manager (Secretarial & Legal)0.33yrno datano data
Maqsood Shaikh
SVP of Commercial and Mktg3.25yrsno datano data
Sanjeev Kumar
MD & Director0.83yr₹24.00kno data
Dipen Chauhan
Senior Vice President of Operations - 13.25yrsno datano data
Manish Goswami
Senior Vice President of Ankleshwar for Operations - 1no datano datano data
Dinesh Mehta
Senior Vice President of Surat for Operations - 1no datano datano data
K. S. Prasad
Senior Vice President of Operations - 23.25yrsno datano data

3.0yrs

Average Tenure

48yo

Average Age

Experienced Management: GUJGASLTD's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sanjeev Kumar
MD & Director0.83yr₹24.00kno data
Jal Patel
Non Executive Independent Director5.25yrs₹213.00kno data
Anil Mukim
Chairman0.25yrno datano data
Krishna Chatterjee
Non Executive Independent Director5.25yrs₹261.00kno data
Milind Torawane
Non-Executive Director2.92yrs₹55.50kno data
Piyushkumar Sinha
Non Executive Independent Director2.92yrs₹40.50kno data
Vishal Gupta
Non Executive Independent Director2.92yrs₹40.50kno data
Sunaina Tomar
Additional Director0.50yrno datano data

2.9yrs

Average Tenure

60yo

Average Age

Experienced Board: GUJGASLTD's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Gujarat Gas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Gujarat Gas Limited
  • Ticker: GUJGASLTD
  • Exchange: NSEI
  • Founded: 2012
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: ₹207.205b
  • Shares outstanding: 688.39m
  • Website: https://www.gujaratgas.com

Number of Employees


Location

  • Gujarat Gas Limited
  • 2, Shanti Sadan Society
  • Near Parimal Garden
  • Ahmedabad
  • Gujarat
  • 380006
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
539336BSE (Mumbai Stock Exchange)YesEquity SharesININRSep 2015
GUJGASLTDNSEI (National Stock Exchange of India)YesEquity SharesININRSep 2015
539336BSE (Mumbai Stock Exchange)INR2 (POST SUBD)ININRJan 2019
GUJGASNSEI (National Stock Exchange of India)INR2 (POST SUBD)ININRJan 2019

Biography

Gujarat Gas Limited engages in the distribution of city natural gas in India. The company operates a network of 23,200 kilometers of gas pipeline and approximately 344 CNG stations. It supplies natural gas to approximately 13.5 lakh households; and 12,300 commercial customers. It operates in 21 districts of the state of Gujarat, 2 districts of the state of Maharashtra, and the Union Territory of Dadra and Nagar Haveli. The company was formerly known as GSPC Distribution Networks Limited and changed its name to Gujarat Gas Limited in May 2015. Gujarat Gas Limited was incorporated in 2012 and is based in Ahmedabad, India. Gujarat Gas Limited is a subsidiary of Gujarat State Petronet Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/07/16 12:36
End of Day Share Price2020/07/16 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.