Gujarat Gas Company Overview and Insights

Gujarat Gas Company is a leading player in the Indian gas distribution sector. It was incorporated in 1980 as a joint venture between the Gujarat government and the Indian Oil Corporation.

Gujarat Gas has a strong presence in the state of Gujarat, with a network of over 15,000 km of pipelines. This extensive infrastructure enables the company to supply gas to over 1.5 million households and 60,000 commercial and industrial customers.

The company's focus on customer satisfaction has led to a high level of customer loyalty. Gujarat Gas has been consistently ranked as one of the top gas distribution companies in India in terms of customer satisfaction.

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Gujarat Gas has a market capitalization of ₹29,518.17 crore.

The company's price to earnings (PE) ratio is 25.77, which indicates the ratio of its current stock price to its earnings per share (EPS).

Its EPS - TTM (trailing twelve months) is ₹16.64.

Gujarat Gas has a dividend yield of 1.36%, which is the ratio of its annual dividend payment to its current stock price.

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Its price to book (PB) ratio is 3.48, which is a measure of the company's stock price relative to its book value.

The company's 52-week high and low are ₹607.55 and ₹360.25 respectively.

Here's a breakdown of Gujarat Gas's beta values over different time periods:

The company's market capitalization to sales ratio is 1.72.

Gujarat Gas has an extensive network of City Gas Distribution (CGD) covering 649 human settlements across 19 districts in Gujarat and two other states.

As of 2017, the company has the largest customer base in the gas distribution sector in India, with over 10,80,000 domestic households, 2,835 industrial customers, and 11,900 commercial and non-commercial customers.

Gujarat Gas has a significant presence in the CNG market, with over 7,65,000 kg of CNG sold per day through 233 CNG stations serving more than 1,60,000 vehicles daily.

The company achieved the highest total daily gas sales volume in India, reaching 6.5 million cubic meters per day at standard conditions.

For your interest: Get to Know Your Customer Day

Here are some key performance indicators for Gujarat Gas:

In Q1FY26, Gujarat Gas reported a revenue from operations of Rs 4065 crore, compared to Rs 615 crore in Q1FY25, and an EBITDA of Rs 579 crore, up from Rs 574 crore in Q1FY25.

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Gujarat Gas has a stable shareholding pattern, with promoters holding 60.89% of the company as of June 2025.

The promoters have maintained their stake in the company over the past few quarters, with no change in their percentage holding. This suggests a strong commitment to the company's growth and direction.

The company's shareholding is also diversified, with a significant presence of Foreign Institutional Investors (FIIs), Domestic Institutional Investors (DIIs), mutual funds, and other investors. As of June 2025, FIIs hold 3.86% of the company, while DIIs hold 15.00%.

Here's a breakdown of the company's shareholding as of June 2025:

The company's stable shareholding pattern suggests a strong foundation for its future growth and development.

Gujarat Gas shares have been on the rise, increasing by over 1% ahead of a shareholder meeting on a merger plan. This indicates a positive sentiment among investors.

The company has announced several key developments recently. For instance, Gujarat Gas Limited declared an annual dividend, payable on October 24, 2025.

Gujarat Gas has also made significant announcements regarding its financial performance. In its Q1 2026 earnings call, the company reported its earnings results for the first quarter ended June 30, 2025.

The table below highlights some of the key announcements made by Gujarat Gas in recent times:

Nomura and Jefferies have also adjusted their price targets for Gujarat Gas, with Nomura setting a target of INR400 and Jefferies setting a target of INR385.

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Gujarat Gas shares have been on the rise, increasing over 1% ahead of a shareholder meeting to discuss a merger plan. This news has sparked interest among investors and analysts alike.

Gujarat Gas Limited has announced an annual dividend, payable on October 24, 2025. This move is expected to boost investor confidence and provide a return on investment.

Several brokerages have recently adjusted their price targets for Gujarat Gas. Nomura has reduced its target to INR400 from INR406, while Jefferies has adjusted its target to INR385 from INR410.

Here's a summary of recent developments:

Gujarat Gas has also reported its Q1 2026 earnings, with a net profit of 2.87 billion rupees. This marks a significant milestone for the company and provides valuable insights for investors and analysts.

Analysts are constantly adjusting their price targets for Gujarat Gas Limited, indicating a dynamic market for the company's shares.

Nomura has adjusted its price target for Gujarat Gas to INR400 from INR406, while keeping its recommendation at Reduce.

Jefferies has also made adjustments, lowering its price target to INR385 from INR410 and maintaining its Underperform recommendation.

Nomura previously adjusted its price target to INR406 from INR470, also keeping its recommendation at Reduce.

Jefferies initially adjusted its price target to INR410 from INR330, but later adjusted it to INR405 from INR450, keeping its Underperform recommendation.

Here's a summary of the analysts' recommendations:

Gujarat Gas has a strong presence in the Indian gas market, with a network of over 4,000 km of pipelines.

The company's pipeline network spans across the western and central regions of India, supplying gas to various industries and households.

Gujarat Gas has a market share of around 50% in the Indian city gas market.

In the technical analysis of Gujarat Gas, we have some interesting signals to consider. The Heikin-Ashi indicator has given a bearish signal on the daily chart, with a change from green to red on October 7, 2025.

The Stochastic crossover has given a bullish signal on the weekly chart, appearing on October 3, 2025, in an oversold region below 20. This is a strong indication that the price may be due for a bounce.

In the past, the average price gain after a bullish signal has been 8.99% within 7 weeks, based on data from the last 10 years. This is a significant potential upside for investors.

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The intraday movement of Gujarat Gas has been 45% positive since January 1, 2005, based on a 55% negative movement since the same date, excluding periods of global meltdown and the Covid crisis.

Here are the key levels to watch for Gujarat Gas, based on the classic pivot points:

The Average True Range (ATR) for Gujarat Gas is currently at 8.46 for 5 days, 9.39 for 14 days, and 10.25 for 28 days.

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Peer Comparison is a crucial aspect of technical analysis that helps investors evaluate a company's performance relative to its peers.

Gujarat Gas has a 1-year stock performance of -28.24%, which is significantly lower than its peers.

The P/E ratio of Gujarat Gas is 25.74, while GAIL has a P/E ratio of 10.07, making GAIL a more attractive investment option.

Adani Gas, on the other hand, has a high P/E ratio of 106.85, indicating high expectations from the company.

Here's a comparison of the key ratios of these companies:

By examining these ratios, investors can make informed decisions about which company to invest in.

Gujarat Gas has a strong leadership team with a mix of experienced professionals. Milind Shivaram Torawane is the Chief Executive Officer, who has been in the role since April 12, 2023, at the age of 53.

The company's Board of Directors includes Yogesh Singh, Bhadresh Vinay C. Mehta, and Rekha Jain, who have been serving since August 14, 2021, April 19, 2022, and August 14, 2021, respectively. These directors bring a wealth of experience to the table.

Here's a breakdown of the key corporate actions taken by Gujarat Gas:

Gujarat Gas has also declared several dividends in the past, with a final dividend of 291% declared on May 19, 2025, and an ex-dividend date of September 4, 2025.

Let's take a closer look at the managers and directors of Gujarat Gas Limited. The CEO, Milind Shivaram Torawane, has been in his position since April 12, 2023, and is 53 years old.

Rajesh Narayanan Sivadasan is the Director of Finance/CFO, appointed on May 5, 2024. Unfortunately, his age is not publicly available.

Yogiraj S. Navathe serves as the Chief Operating Officer, but his age and start date are not disclosed.

The board of directors consists of three members: Yogesh Singh, Bhadresh Vinay C. Mehta, and Rekha Jain. They were all appointed on August 14, 2021, as Director/Board Members.

Here's a brief summary of the board members:

Corporate actions are an essential part of a company's life cycle, and understanding them is crucial for investors and stakeholders. They can significantly impact a company's financial performance and stock price.

Gujarat Gas has a history of holding board meetings and annual general meetings (AGMs) to discuss important matters. For instance, a board meeting was held on Nov 07, 2025, where quarterly results were discussed.

The company also holds AGMs, with the latest one taking place on Sep 25, 2025. Meeting dates and purposes are announced in advance, giving stakeholders ample time to prepare.

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Gujarat Gas has a history of paying dividends to its shareholders. In fact, the company has paid final dividends in the past, with the most recent one being 291% of the face value, announced on May 19, 2025.

Here's a breakdown of the company's dividend history:

Gujarat Gas has also undergone a stock split in the past, with the old face value being 10.0 and the new face value being 2.0.

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