Gujarat Gas Ltd. (GUJGASLTD) AI Stock Analysis

• Market Cap: ₹298.76B
• Dividend Yield: 1.35%
• Average Volume (3M): 14.02K
• Price to Earnings (P/E): 26.1
• Beta (1Y): 1.07
• Revenue Growth: -2.76%
• EPS Growth: -9.00%
• Country: IN
• Employees: 942
• Sector: Energy
• Sector Strength: 52
• Industry: Regulated Gas
• EPS (TTM): 4.70
• Shares Outstanding: 688,390,140
• 10 Day Avg. Volume: 20,316
• 30 Day Avg. Volume: 14,015
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹409.00
• Price Target Upside: -5.26% Downside
• Rating Consensus: Moderate Sell
• Number of Analyst Covering: 4

• Rating: 69 Neutral
• Price Target: ₹476.00 ▲(10.26% Upside)

Gujarat Gas Ltd. demonstrates strong financial performance with robust revenue and profit growth, solid balance sheet stability, and healthy cash flow generation. Technical analysis indicates a neutral trend with some bullish momentum. The valuation is moderate, with a reasonable P/E ratio and modest dividend yield. The absence of earnings call and corporate events data limits further insights.

Gujarat Gas Ltd. Business Overview & Revenue Model

Company Description

Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 33,500 kilometers of gas pipeline and 721 compressed natural gas stations. As of March 31, 2022, the company supplied piped natural gas to approximately 17 lakh households; approximately 4,300 industrial customers; and approximately 13,600 commercial and non-commercial customers. It operates in 21 districts of the state of Gujarat, 9 districts of the state of Punjab, 5 districts of the state of Madhya Pradesh, 4 districts of the state of Rajasthan, 2 districts of the state of Maharashtra, 2 districts of the state of Haryana, and Dadra and Nagar Haveli in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. 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.

How the Company Makes Money

Gujarat Gas Ltd. generates revenue through the distribution and sale of natural gas across various segments. The key revenue streams for the company include the sale of compressed natural gas (CNG) for automobiles and piped natural gas (PNG) for residential, commercial, and industrial use. The company earns money by charging customers for the gas consumed, which is measured in standard cubic meters. Additionally, Gujarat Gas Ltd. benefits from strategic partnerships and long-term contracts with gas suppliers and infrastructure developers, which help in securing gas supply and expanding its distribution network. The company also engages in continuous infrastructure development to increase its reach and customer base, thereby driving revenue growth.

Gujarat Gas Ltd. Financial Statement Overview

Summary

Gujarat Gas Ltd. exhibits strong financial health across income, balance sheet, and cash flow metrics. The company showcases effective revenue and profit growth, solid balance sheet stability with low leverage, and healthy cash flow generation. However, attention should be paid to net profit margin fluctuations and managing capital expenditures to ensure sustained free cash flow growth.

Income Statement

Gujarat Gas Ltd. has demonstrated strong revenue growth over the past years, with a slight dip in 2025. The gross profit margin is healthy, indicating effective cost management. However, the net profit margin has shown some fluctuations. The EBIT and EBITDA margins are robust, reflecting operational efficiency.

Balance Sheet

The company maintains a strong equity base with a favorable debt-to-equity ratio, indicating low financial leverage. The equity ratio is also solid, showcasing financial stability. Return on Equity (ROE) is consistently positive, reflecting effective utilization of shareholder funds.

Cash Flow

Operating cash flows are strong and consistently exceed net income, indicating good cash generation capabilities. The free cash flow has improved significantly over the years, although the free cash flow growth rate is variable, suggesting potential volatility in capital expenditure management.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2022	Dec 2021	Dec 2021
Income Statement
Total Revenue	164.87B	164.87B	156.90B	167.59B	98.53B	164.54B
Gross Profit	29.19B	32.71B	25.06B	34.86B	25.22B	25.77B
EBITDA	20.16B	18.80B	20.44B	25.02B	21.64B	21.66B
Net Income	11.48B	11.48B	11.44B	15.28B	12.70B	12.87B
Balance Sheet
Total Assets	126.51B	126.51B	116.92B	109.27B	84.80B	95.87B
Cash, Cash Equivalents and Short-Term Investments	3.59B	3.59B	9.26B	6.91B	2.80B	220.00M
Total Debt	1.50B	1.50B	1.50B	1.52B	9.77B	6.29B
Total Liabilities	41.61B	41.61B	39.69B	38.99B	39.68B	39.57B
Stockholders Equity	84.90B	84.90B	77.22B	70.28B	45.12B	56.30B
Cash Flow
Free Cash Flow	0.00	10.54B	7.97B	12.89B	9.04B	2.95B
Operating Cash Flow	0.00	18.06B	16.34B	23.75B	16.55B	16.62B
Investing Cash Flow	0.00	-19.21B	-9.37B	-10.39B	-6.10B	-12.94B
Financing Cash Flow	0.00	-4.74B	-5.14B	-6.78B	-13.18B	-6.28B

Gujarat Gas Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 431.70
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GUJGASLTD, the sentiment is Negative. The current price of 431.7 is below the 20-day moving average (MA) of 433.73, below the 50-day MA of 435.25, and below the 200-day MA of 446.21, indicating a bearish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 48.24 is Neutral, neither overbought nor oversold. The STOCH value of 21.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GUJGASLTD.

Gujarat Gas Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IGL	75 Outperform	290.08B	17.42	16.18%	0.73%	8.41%	-14.33%
GAIL	74 Outperform	1.16T	9.93	14.65%	4.30%	5.40%	3.06%
MGL	74 Outperform	126.38B	11.81	17.70%	2.38%	19.68%	-10.62%
ATGL	73 Outperform	734.23B	113.34	15.56%	0.04%	14.65%	-5.99%
GSPL	71 Outperform	180.86B	16.28	9.54%	1.59%	0.44%	-33.05%
GUJGASLTD	69 Neutral	₹298.76B	26.09	―	1.35%	-2.76%	-9.00%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%

Gujarat Gas Ltd. Corporate Events

Gujarat Gas Limited Announces 13th AGM and Releases Annual Report

Gujarat Gas Limited has announced the scheduling of its 13th Annual General Meeting (AGM) on September 25, 2025, to be conducted via video conferencing. The company has released its Annual Report for the financial year 2024-25, which has been distributed electronically to registered shareholders and is available on the company’s website. This move reflects the company’s adherence to regulatory requirements and its commitment to maintaining transparency with its stakeholders.