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Gujarat Gas Ltd share Price Today

Company details

636.30
651.55
397.05
663.40
6M Return 23.80%
1Y Return 34.05%
Mkt Cap.(Cr) 43,905.51
Volume 1,356,224
Div Yield 0.89%
OI
-
OI Chg %
-
Volume 1,356,224
NSE

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Non-Electrical Utilities company Gujarat Gas announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from Operations: Rs 4,294 crore.
  • Standalone Profit After Tax (PAT): Rs 410 crore.
  • Increase in sales volumes: 9% to 9.69 mmscmd.
  • Industrial sales volumes increased by 8% to 5.80 mmscmd.
  • Standalone PAT for Q4 FY24: Rs 410 crore, an increase of 11% over the corresponding quarter previous year.
  • New domestic customers added during the quarter: More than 50,800.
  • New commercial customers added: 271.
  • Commissioned 76 new industrial customers
  • Volume of 2,79,000 scmd added due to commissioning of new industrial customers

FY24 Financial Highlights:

  • Standalone PAT for FY24 at Rs 1,143 crore as compared to Standalone PAT for FY23 at Rs 1,525 crore.
  • Company added close to 1,87,000 new domestic customers during FY24.
  • As of 31st March 2024, the company has a signed volume of 7,70,000 scmd which will be commissioned in coming days.

Result PDF

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Gujarat Gas Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with No Debt

Weakness (3)

  • Inefficient use of shareholder funds - ROE declining in the last 2 years
  • Degrowth in Revenue and Profit
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • RSI indicating price strength

Threats (1)

  • Increasing Trend in Non-Core Income
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Resistance and support

R1 647.5
R2 657.1
R3 662.7
Pivot

641.88

S1 632.2
S2 626.6
S3 617.0
EMA SMA
631.1
603.9
576.7
544.6
632.3
591.8
572.2
521.7
Delivery and volume
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CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-25 508.95 444667 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-25 508.95 63135 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-25 508.95 444667 BSE
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Name Category Shares
Governor of Gujarat PROMOTER 6.53%
Gujarat State Petronet Limited PROMOTER 54.17%

OUR RESEARCH VIEW

Investment recommendation
Call Date
14 Feb 2023
Entry Price 480.00
Target Price 520.00
Duration
12-18 Month
HOLD
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FINANCIALS

Sales
Operating Profit
Profit after Tax
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Equity
Reserves and Surplus
Debt
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Sales
Operating Profit
Profit after Tax
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PE
Debt/Equity
P BV
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Gujarat Gas Ltd Stocks COMPARISON

Financials( ₹ in Cr) Gujarat Gas Ltd GAIL (India) Ltd Adani Total Gas Ltd Petronet LNG Ltd Indraprastha Gas Ltd
Price 637.80 233.41 906.00 351.40 540.75
% Change -2.25 1.82 1.72 5.59 2.50
Mcap ₹ Cr 43,905.51 153,469.41 99,642.79 52,710.00 37,852.55
Revenue TTM ₹ Cr 16,759.40 145,668.30 4,474.74 59,899.35 14,145.85
Net Profit TTM ₹ Cr 1,528.38 5,595.89 667.50 3,325.82 1,639.65
PE TTM 39.87 15.49 149.23 14.43 19.04
1 Year Return 34.05 114.24 41.67 53.75 11.92
ROCE 30.60 9.01 21.13 25.32 27.13
ROE 24.15 8.67 20.47 22.99 21.13
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INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 7,027.95 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 101,404.97 51,097.20
LAST 6M 186,293.66 40,305.54
LAST 12M 309,547.75 87,515.42

Gujarat Gas Ltd Information

Stock PE (TTM)
39.87
Promoter Holding
60.89%
Book Value
111.6991
ROCE
30.6%
ROE
24.15%
Description

  • Gujarat Gas Ltd is in the largest gas distributor having a market capitalization of worth Rs. 49,942.69 crores, it is incorporated in the year 1980. It has reported consolidated sales of Rs. 2,995.81 crores in June’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 539336, and also listed in the National Stock Exchange (NSE) with the code GUJGASLTD.

    Gujarat Gas Ltd is an Indian natural gas distribution company. It comes under the ownership of Gujarat State Petroleum Corporation. It operates primarily in Gujarat and is India’s largest city gas distribution company. Gujarat State Petroleum Limited acquired the ownership of Gujarat Gas Limited by purchasing a 65% stake in the company from BG Group in October’2012. Gujarat Gas Ltd operates in 22 districts of the state, the Union Territory of Dadra and Nagar Haveli, and the Thane district of Maharashtra. The pipeline network of Gujarat Gas Ltd is spread across 30 thousand kilometers. It has 559 CNG stations and provides Natural Gas to around 15 lakh households and 4 thousand industrial-grade customers. The promoters of the company own 60.89% of the stake in the company, Foreign Institutional Investors (FII) own 8.17%, Domestic Institutional Investors (DII) own 7.9% of the stake, and others (such as public & retail investors) hold the balance of 23.04%.

    In June 2021, quarterly net revenue was Rs. 3,010.87 crores, which has increased by approximately 178.03% from Rs. 1082.92 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 476.15 crores, which has also increased by nearly 712.71% from a net profit of Rs. 58.66 crores in June 2020. In June 2021, the reported operating profit was at Rs. 2,854.93 crores, which is also increased by 193.43% as compared to an operating profit of Rs. 972.95 crores for the quarter ending in June 2020. From Rs. 0.85 in June 2020, the EPS of Gujarat Gas Ltd has risen to Rs. 6.92 per share in June 2021. GUJGASLTD's stock closed at Rs. 725.5 on 18th August’2021 (NSE) and has returned 63.27% in the last six months and 134.98% in the previous year.

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Registered Address

Gujarat Gas CNG Station, Sector 5/C, Gandhinagar, Gujarat, 382006

Tel : 91-79-23264222/26462980
Email : rajeshwari.sharma:gujaratgas.com
Website : http://www.gujaratgas.com, www.gspcgroup.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 539336
NSE Code : GUJGASLTD
Book Closure Date (Month) :
BSE Group : A
ISIN : INE844O01030

FAQ’s on Gujarat Gas Ltd Shares

You can buy Gujarat Gas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Gujarat Gas Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 03:54 PM the closing price of Gujarat Gas Ltd was Rs.637.80.

The latest PE ratio of Gujarat Gas Ltd as of Jul 16, 2024 03:54 PM is 39.87

The latest PB ratio of Gujarat Gas Ltd as of Jul 16, 2024 03:54 PM is 0.18

The 52-week high of Gujarat Gas Ltd share price is Rs. 663.40 while the 52-week low is Rs. 397.05

According to analyst recommendations, Gujarat Gas Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 03:54 PM, the market cap of Gujarat Gas Ltd stood at Rs. 43,905.51 Cr.

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