NSE/GUJGASLTD

GUJGASLTDGujarat Gas Ltd

Oil & Gas · NSE

₹362.8+8.14%

52-wk low52-WEEK RANGE52-wk high

₹307.25+18.1% from low ·-27.4% from high₹499.4

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

GUJGASLTD-10.26% · 1Y

Range high ₹508.7Range low ₹301.5Latest ₹362.8252 bars · daily-close · NSE bhavcopy + 10Y history

Oil & GasUtilities - Regulated GasMidcapLow Risk

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite13/100

Performance

Low

Hasn't fared well — amongst the weak performers.

· 52w return -19.4% — underperformer
· Below 200-DMA (-10.2%) — downtrend

Valuation

High

Looks expensive vs the sector.

· P/E 21.8 — 83% above sector median 11.9
· P/B 2.89 above sector median

Growth

Low

Lagging the market in growth.

· Revenue YoY +5.1% — slow
· 3Y revenue CAGR 0.0% — multi-year decline

Profitability

Medium

Average profitability vs peers.

· ROE 13.3%
· Net margin 7.0% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeC(46/100)

Durability

70/100

Reasonable financial health; watch the weaker inputs.

Show 4 drivers

Piotroski F-score6/9 (67pt)
Altman Z" score4.05 (100pt)
Debt/Equity1.19 (45pt)
ROE13.3% (53pt)

Valuation

28/100

Richly valued on most axes; limited margin of safety.

Show 4 drivers

P/E vs sector (21.8 / 11.9)183% (23pt)
P/B2.89 (19pt)
Dividend yield1.60% (40pt)
EV/EBITDA14.5 (40pt)

Momentum

41/100

Momentum is muted; trend is unclear or rolling over.

Show 5 drivers

52w change-19.4% (21pt)
DMA-trend alignmentdown (25pt)
RSI (14)59.3 (96pt)
Price vs 200-DMA-12.2% (36pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/E (TTM)21.76

OVERVALUED

CheapestP/E 21.8 at 92th %ile — pricier than 92% of peers.Most expensive

P/B2.89

OVERVALUED

CheapestP/B 2.89 at 100th %ile of sector.Most expensive

EV/EBITDA14.47

FAIR

Monthly seasonality

Avg monthly return over 10 years · historical — not a forecast

Best: Apr +6.10% · Worst: Sep -3.36%

Jan

+5.0%

50% win

Feb

+0.3%

40% win

Mar

-0.5%

40% win

Apr

+6.1%

80% win

May

+2.1%

60% win

Jun

+2.2%

Monthly return distribution

Distribution of 120 monthly returns

Mean

+1.56%

Median

+1.05%

Std dev

10.47%

Best

+33.6%

Worst

-25.1%

% positive

53%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Bankruptcy risk low (Altman Z″ 4.05)
Z″ above 2.60 sits squarely in the 'safe' zone

WEAKNESSES · 1

Premium to sector on P/E (+83%)
P/E 21.8 vs Oil & Gas median 11.9

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 1

Valuation compression risk
P/E 21.8 is 83% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+8.1%

+12.1%

-3.1%

-15.2%

-16.6%

-9.2%

-10.0%

-7.4%

10Y

+12.7%

Fundamentals

VALUATION

Market cap

₹25,274 Cr

P/E (TTM)

21.8

P/E (fwd)

20.4

next 12m

P/B

2.89

EV/EBITDA

14.5

Book value

₹126.83

per share

PROFITABILITY · QUALITY

ROE

13.3%

ROCE

—

Net margin

7.0%

Op margin

10.3%

Gross margin

21.4%

D/E

1.19

GROWTH · MARKET

Rev YoY

+5.1%

Profit YoY

+0.2%

Div yield

1.60%

Payout

34.5%

52w change

-19.4%

Beta

0.29

defensive

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 0

No strong positives stand out in the latest data.

CONS · 1

−Trades at a premium to sector on P/EP/E 21.8 vs Oil & Gas median 11.9 — priced for more growth than peers

Sector-relative context

Oil & Gas · 12 peers

P/E (TTM)

This stock

21.76

Sector median

11.92

Rank 11/12 (17th %ile)

ROE

This stock

13.3%

Sector median

13.3%

Rank 8/12 (42th %ile)

P/B

This stock

2.89

Sector median

1.43

Rank 12/12 (8th %ile)

Quality score · Piotroski F-score

6 / 9

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✓Positive operating cash flow· Profits are backed by real cash, not accruals
✓Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✗Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✗ROA improved YoY· Getting more productive with the asset base
✗Operating margin expanded YoY· Pricing power or cost discipline
✓

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

SAFE4.05

Z″ = 4.05 — well inside the SAFE zone. Low bankruptcy risk signal across liquidity, profitability and solvency inputs.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.020	×6.56	0.128
Retained Earnings / Total Assets (B)	0.495	×3.26	1.612
EBIT / Total Assets (C)	0.181	×6.72	1.219
Book Equity / Total Liabilities (D)	1.036	×1.05	1.088

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. All four inputs derived from latest annual filing.

Analyst consensus

28 analysts · HOLD

Target mean

₹418.11

Target high

₹600.00

Target low

₹270.00

Upside vs today

+13.9%

Street consensus target is +13.9% vs current price. Consensus is a lagging sentiment read, not a forecast.

Company + balance sheet snapshot

Industry

Utilities - Regulated Gas

Employees

895

Shares out

68.8

Revenue (TTM)

₹15,412 Cr

EBITDA

₹1,865 Cr

Total debt

₹2,214 Cr

Cash

₹187 Cr

Net debt

₹2,027 Cr

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	4,153	3,997	3,871	3,780	3,658
Operating profit	—	251	378	388	313	312
OPM %	—	6.0%	9.5%	10.0%	8.3%	8.5%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	16,379	16,665	15,597	16,382
Operating profit	1,740	2,011	1,435	1,427
OPM %	10.6%	12.1%	9.2%	8.7%
Interest	57	40	29	32

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
GUJGASLTDTHIS Gujarat Gas Limited	₹362.8	-19.4%	25,274	21.8	2.89	13.3%	1.19	+5.1%
RELIANCE Reliance Industries Limited	₹1,365	+5.4%	18,44,882	22.2	2.10	9.5%	0.36	+10.4%
ONGC Oil & Natural Gas Corporation Limited	₹284.05	+13.7%	3,56,462	9.4	0.97	10.3%	0.44	+0.8%
IOC Indian Oil Corporation Limited	₹145.88	+5.2%	2,07,399	5.7	1.03	18.1%	0.73	+5.7%
BPCL Bharat Petroleum Corporation Limited	₹312.1	+2.6%	1,37,118	5.5	1.44	26.2%	0.56	+5.2%
GAIL GAIL (India) Limited	₹157.82	-19.2%	1,03,689	12.1	1.18	9.7%	0.25	-4.5%
HINDPETRO Hindustan Petroleum Corporation Limited	₹370.85	-6.1%	80,751	5.2	1.42	27.1%	1.11	+4.1%
OIL Oil India Limited	₹470.1	+18.8%	76,182	13.1	1.35	—	0.58	-0.1%
PETRONET Petronet LNG Limited	₹273.22	-12.9%	40,739	11.2	1.93	—	0.12	-3.3%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	4.30	3.88	-9.8%
-2q	4.27	4.08	-4.5%
-3q	4.72	4.76	+0.8%
-4q	3.45	4.18	+21.2%

Date	Amount
2025-09-04	₹5.82
2024-09-09	₹5.66
2023-09-11	₹6.65
2022-08-19	₹2.00
2021-09-08	₹2.00
2020-09-09	₹1.25
2019-09-12	₹1.00
2018-09-18	₹0.80
2017-09-20	₹0.60
2016-09-21	₹0.50

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	138	138	138	138
Reserves	4,742	6,133	6,824	7,589
Borrowings	629	152	150	150
Other liabilities	70	71	73	76
Total liabilities	9,587	10,927	11,692	12,651
Fixed assets	7,192	7,818	8,124	8,480
CWIP	966	958	900	824
Investments	22	30	135	136
Other assets	0	0	0	0
Total assets	9,587	10,927	11,692	12,651

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	1,662	2,375	1,634	1,806
CF Investing	-1,294	-1,039	-879	-1,921
CF Financing	-628	-678	-514	-474
Net cash flow	-260	658	241	-589
Free cash flow	295	1,289	797	1,054

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	8.7%	9.2%	12.1%	10.6%
Net margin %	7.0%	7.3%	9.2%	7.9%
ROE %	15.6%	17.3%	27.4%	26.4%
ROCE %	21.1%	23.1%	34.7%	32.2%
Debt / Equity	0.02	0.02	0.02	0.13
Interest coverage	48.7×	53.4×	51.2×	31.2×
Revenue growth YoY	+5.0%	-6.4%	+1.7%	—
Profit growth YoY	+0.4%	-25.2%	+18.7%	—

GUJGASLTDGujarat Gas Ltd

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Peer comparison · Oil & Gas

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Recent news

Stock scorecard

SWOT analysis

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Analyst consensus

Company + balance sheet snapshot

Quarterly results

Annual P&L

Balance sheet

Cash flow statement

Ratios

Peer comparison · Oil & Gas