Live Gujarat Gas Share Price Chart

O 552.75

H 552.75

L 552.75

VOL 8860

Gujarat Gas Performance

Days Range

Low: ₹544.75
High: ₹568.70
Previous Close ₹548.30
Open ₹552.75
Volume 20,40,770
Day’s Range ₹544.75 - ₹568.70
52W Range ₹397.05 - ₹620.00
Market Cap ₹37,768 Cr

Gujarat Gas Fundamentals

ROCE (TTM) 23.17
P/E Ratio (TTM) 34.23
P/B Ratio 5.33
Industry P/E 20.95
Debt to Equity 0.02
ROE 17.7
EPS (TTM) 16.03
Dividend Yield 1.21
Book Value 102.92
Face Value 2

Gujarat Gas Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales3,928.573,781.513,845.43,929.1
Expenses3,477.673,508.623,466.73,648.49
Profit before tax477.93290.22399.16297.11
Operating Profit370.5215.95296.25221.02
Net Profit370.5215.95296.25221.02
EPS in Rs5.363.144.33.21

About Gujarat Gas

Gujarat Gas Company was incorporated in 1980 under the name of Gujarat Amico Chemicals. The company is engaged in the business of natural gas. It was promoted by Mafatlal Fine Spinning & Manufacturing Co. and GIIC to implement the Ankleshwar & Bharuch National Gas distribution project by entering into an agreement in 1987. The company started CNG operations in 1992 and commenced GFCL (Gujarat Gas Financial Services) in 1994. It was acquired by BG Group (formerly British Group) in 1997. GSPC Distribution Networks Limited (GSPC Group) acquired Gujarat Gas Limited in 2013 as an integrated gas major.

In 2015, GSPC Gas Company Limited (GSPC Gas), Gujarat Gas Company Limited (GGCL), Gujarat Gas Financial Services Limited (GFSL) and Gujarat Gas Trading Company Limited (GTCL) were amalgamated into Gujarat Gas Limited (GGL) formerly GSPC Distribution Networks Limited GGL was listed on BSE and NSE in 2015 after an IPO.

It is a leading City Gas Distribution (CGD) company in India by sales volume. The company has operations in 44 districts spanning across 6 states. This includes Gujarat, Rajasthan, Maharashtra, Haryana, Madhya Pradesh and Punjab, as well as 1 Union territory of Dadra & Nagar Haveli. The company maintained its first position in the CGD business in terms of size and scope of operation. This was supported by more than 19.30 lakh households, more than 14,500 commercial clients, 800+ CNG stations, 4,335 industrial units, and more than 36,000 kilometres of natural gas pipeline network as of June 2023.

In 2023, the company won Business Today’s Best CEO Award 2021 for the 2nd consecutive year. GGL won this time in the Emerging Companies category and Business Standard 2020 STAR PSU Award.

Business Segments

  • PNG-Domestic: Under this segment, the company supplies Piped Natural Gas (PNG) to residential customers who use natural gas primarily as a cooking fuel and for water heating as a safer alternative to LPG cylinders. During FY 2023, the company recorded the highest-ever 1.79 lakh domestic customers.
  • PNG-Industrial: The company caters to the industrial customers by supplying natural gas for their industrial setups. They use PNG mainly as a source of energy for many industry-specific processes.
  • PNG-Commercial: Under this segment, the company serves commercial customers like Tea/Snack shops, restaurants, food courts, hotels, hospitals, resorts, canteen, etc. In addition, it caters services to non-commercial customers like charitable organisations. GGL is supplying PNG to more than 14,500 commercial and non-commercial customers across its operating locations as of June 2023.

Corporate Actions

The company has no history of bonuses, stock splits and other corporate actions.

Management Outlook

  • The outlook for demand and supply of natural gas is evolving. The Government of India (GoI) is focused on a gas-based economy by strengthening domestic production. By 2030, the government is aiming to increase the share of gas in its primary energy mix to 15%.
  • GGL is focused on growing the penetration in the current operating areas by increasing the PNG connections and additional CNG stations while tapping the untapped potential by the expeditious rollout of the distribution network in its operating areas.

SWOT Analysis

Strengths

  • Well-established brand in CGD business.
  • Diversified revenue stream.

Weaknesses

  • Rising operating costs.
  • Local gas business monopolies.

Opportunities

  • Government’s focus on the usage of clean and green fuel.
  • Rising demand for natural gas.

Threats

  • Intense competition from other CGD businesses.
  • Higher liquidity risk.
Parent Organisation Govt - Guj
Founded 2012
Managing Director RAJ KUMAR
NSE Symbol GUJGASLTD

Peer Comparison

Stocks Market Cap (cr) Market Price (₹) 52 Week Low-High (₹)
Indraprastha Gas Ltd ₹29,099.03

425

9.15 (2.20%)

412.1 - 428.85
Petronet LNG Ltd ₹41,070.00

273.7

0.00 (0.00)

270.65 - 275.35
Adani Total Gas Ltd ₹112,065.15

1027.95

9.05 (0.89%)

1005.25 - 1033.3
GAIL (India) Ltd ₹117,858.66

182.5

3.15 (1.76%)

176.3 - 182.5
Deep Energy Resources Ltd ₹625.60

185

10.95 (-5.59%)

182.1 - 198

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Gujarat Gas FAQs

What is the Share price of Gujarat Gas (GUJGASLTD)?

Gujarat Gas (GUJGASLTD) share price as of February 29, 2024, on NSE is Rs 566.75 (NSE) and Rs 565.95 (BSE) on BSE.

Can I buy Gujarat Gas (GUJGASLTD) shares?

Yes, You can buy Gujarat Gas (GUJGASLTD) shares by opening a Demat account with Angel One.

How do I buy Gujarat Gas (GUJGASLTD) from Angel One?

Gujarat Gas (GUJGASLTD) share can be brought through the following modes:
  1. Direct investment: You can buy Gujarat Gas (GUJGASLTD) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Gujarat Gas (GUJGASLTD) shares.

Is Gujarat Gas a Debt free Company?

No, Gujarat Gas is not a debt free company.

What is the main business of Gujarat Gas?

The main business of Gujarat Gas is to procure and distribute natural gas in India. It serves its clients by offering home, industrial, commercial, and non-commercial CNG and PNG connections.

Who are the promoters of Gujarat Gas?

Some of the main promoters of Gujarat Gas are Gujarat State Petronet Limited, Governor of Gujarat, Gujarat State Energy Generation Limited, and Gujarat State Petroleum Corporation Limited.