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| 16 January, 2021, 02:48 AM IST | E-Paper
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GAIL (India) Ltd.

  • 138.50-5.50 (-3.82%)
  • Volume: 3,77,87,540
  • Closed
  • Last Updated On: 15 Jan, 2021, 04:01 PM IST
  • Overview
  • News
  • Financials
  • Technicals
  • Peers
  • Shareholdings
  • MF
  • F&O
  • Corporate Actions
  • About

Insights

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  • There is volatility in earnings because the gas trading business is dependent on global LNG prices.

  • Since the start, it has been more of a trouble maker than a sustainable value creator.

  • Being in the B2B space, there is not much scope for any sudden increase in margins. At the same time, a clutch of issues on pricing by the regulator keeps the door open for a negative surprise

  • Bifurcation of the transmission and marketing businesses has been denied by the management. But some sort of a reorganisation is needed to put shareholder value back on track.

InsightsGAIL (India) Ltd.

  • Volatile earnings

    There is volatility in earnings because the gas trading business is dependent on global LNG prices.

  • Petrochem business- Problem child

    Since the start, it has been more of a trouble maker than a sustainable value creator.

  • Deterrent for re-rating

    Being in the B2B space, there is not much scope for any sudden increase in margins. At the same time, a clutch of issues on pricing by the regulator keeps the door open for a negative surprise

  • Will it, won’t it?

    Bifurcation of the transmission and marketing businesses has been denied by the management. But some sort of a reorganisation is needed to put shareholder value back on track.

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Key Metrics

  • PE Ratio

    PE Ratio

    This is a ratio arrived at by dividing the current market price of a stock by its latest (annual or annualized) earnings per share. Here we have taken the TTM (trailing twelve months) adjusted earnings per share.

    (x)
    7.33
  • EPS - TTM

    EPS - TTM

    Earnings per share (TTM) tells the profit after tax earned on a per share basis by a stock over the last twelve months or four quarters.

    (₹)
    18.89
  • MCap

    MCap

    MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price.

    (₹ Cr.)
    62,465.46
  • Sectoral MCap Rank

    Sectoral MCap Rank

    This is the ranking of a company within its sector based on MCap or Market capitalization. Higher the market capitalization of a company, higher the rank it is assigned.

    4
  • PB Ratio

    PB Ratio

    Price to Book represents the ratio of current market price of a stock to its book value per share. The book value itself is arrived at by dividing the net worth of a company by the total number of shares outstanding of the company at that time.

    (x)
    1.32
  • Div Yield

    Dividend Yield

    Dividend Yield calculates the amount of full year dividend declared by a company as a percentage of the current market price of a stock. All other things being equal, higher the dividend yield of the stock, the better it is for investors.

    (%)
    4.62
  • Face Value

    Face Value

    Face value of a stock is the value ascribed to the stock as per the balance sheet of the company. The dividend declared by a company is usually declared as a percentage of face value.

    (₹)
    10.00
  • Beta

    Beta

    1 Month0.53
    3 Months0.98
    6 Months1.09
    1 Year0.92
    3 Years0.89

    0.53
  • VWAP

    VWAP

    Volume Weighted Average Price represents the average price of a security over a particular time period (example one trading day) weighted by the volume traded at each price point.

    (₹)
    142.32
  • 52W H/L

    52W H/L

    This represents the 52 week high and low price of the security. It is also the 1 year high and low of the security. This represents the highest and lowest price touched by the security during the past 52 weeks or 1 year including today.

    (₹)
    146.20 / 65.00

Returns

  • 1 Day-3.82%
  • 1 Week4.33%
  • 1 Month10.58%
  • 3 Months68.29%
  • 1 Year5.2%
  • 3 Years-24.51%
  • 5 Years46.63%

Financials

  • Income (P&L)
  • Balance Sheet
  • Cash Flow
  • Ratios
  • MD&A
  • Insights

    • Topline Contraction

      Sales de-grew by 4.33%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)
    • Employee & Interest Expense

      Company has spent less than 1% of its operating revenues towards interest expenses and 2.25% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)
    Quarterly | AnnualSep 2020Jun 2020Mar 2020Dec 2019Sep 2019
    Total Income14,091.2312,332.6518,878.3518,078.7318,470.74
    Total Income Growth (%)14.26-34.674.42-2.12-0.84
    Total Expenses12,919.0812,001.5315,720.7516,246.2617,049.82
    Total Expenses Growth (%)7.65-23.66-3.23-4.713.04
    EBIT1,172.15331.123,157.601,832.471,420.92
    EBIT Growth (%)254.00-89.5172.3128.96-31.70
    PAT1,111.78654.334,728.372,024.661,167.07
    PAT Growth (%)69.91-86.16133.5473.48-22.30
    EBIT Margin (%)8.322.6816.7310.147.69
    Net Profit Margin (%)7.895.3125.0511.206.32
    Basic EPS (₹)2.471.4510.484.492.59
    Quarterly | AnnualSep 2020Jun 2020Mar 2020Dec 2019Sep 2019
    Total Income14,366.6612,328.2418,266.3418,079.6918,479.99
    Total Income Growth (%)16.53-32.511.03-2.170.10
    Total Expenses12,788.8911,922.5515,677.7116,183.9016,916.98
    Total Expenses Growth (%)7.27-23.95-3.13-4.332.79
    EBIT1,577.77405.692,588.631,895.791,563.01
    EBIT Growth (%)288.91-84.3336.5521.29-22.02
    PAT1,239.67255.513,018.201,250.651,064.25
    PAT Growth (%)385.17-91.53141.3317.51-17.34
    EBIT Margin (%)10.983.2914.1710.498.46
    Net Profit Margin (%)8.632.0716.526.925.76
    Basic EPS (₹)2.750.576.692.772.36
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue74,054.8577,404.1655,309.0749,558.1252,804.38
    Total Revenue Growth (%)-4.3339.9511.60-6.15-14.23
    Total Expenses65,872.5168,348.1748,539.1344,010.7149,855.50
    Total Expenses Growth (%)-3.6240.8110.29-11.72-12.75
    Profit after Tax (PAT)9,422.056,545.744,799.073,368.161,869.22
    PAT Growth (%)43.9436.4042.4880.19-40.85
    Operating Profit Margin (%)11.7112.0912.9612.477.24
    Net Profit Margin (%)12.998.598.806.933.59
    Basic EPS (₹)20.8929.0321.2814.9411.05
    Quarterly | Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Revenue73,287.8076,671.1154,648.5849,325.1252,771.85
    Total Revenue Growth (%)-4.4140.3010.79-6.53-8.39
    Total Expenses65,446.0767,259.9647,717.9043,615.5749,599.05
    Total Expenses Growth (%)-2.7040.959.41-12.06-7.09
    Profit after Tax (PAT)6,620.636,025.674,618.413,502.912,298.90
    PAT Growth (%)9.8730.4731.8452.37-24.36
    Operating Profit Margin (%)11.0612.7113.4212.857.34
    Net Profit Margin (%)9.218.028.607.274.42
    Basic EPS (₹)14.6826.7220.4815.5318.12

    All figures in Rs Cr, unless mentioned otherwise

  • Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets74,914.1868,407.4061,334.1458,271.0759,037.59
    Total Assets Growth (%)9.5111.535.26-1.30-15.23
    Total Liabilities25,558.8922,357.3519,616.6518,933.1822,606.93
    Total Liabilities Growth (%)14.3213.973.61-16.25-33.24
    Total Equity49,355.2946,050.0541,717.4939,337.8936,430.66
    Total Equity Growth (%)7.1810.396.057.981.82
    Current Ratio (x)0.961.040.971.010.95
    Total Debt to Equity (x)0.130.050.050.100.18
    Contingent Liabilities2,26,955.6054,360.7133,803.7712,722.4833,681.15
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Total Assets68,533.6364,378.6158,082.1855,336.9652,994.26
    Total Assets Growth (%)6.4510.844.964.420.19
    Total Liabilities24,562.5320,285.6717,754.0617,187.5922,409.39
    Total Liabilities Growth (%)21.0814.263.30-23.30-5.74
    Total Equity43,971.1044,092.9440,328.1238,149.3730,584.87
    Total Equity Growth (%)-0.289.345.7124.735.03
    Current Ratio (x)0.971.101.021.090.99
    Total Debt to Equity (x)0.120.020.020.080.19
    Contingent Liabilities2,06,242.5935,372.1535,097.5114,024.9917,572.51

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Increase in Cash from Investing

      Company has used Rs 7444.64 cr for investing activities which is an YoY increase of 30.46%. (Source: Consolidated Financials)
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities8,345.367,984.208,768.716,024.265,918.81
    Net Cash used in Investing Activities-7,444.64-5,706.58-2,631.60-382.92-2,496.15
    Net Cash flow from Financing Activities281.22-3,364.29-5,251.62-5,275.39-2,521.28
    Net Cash Flow327.50-1,080.61857.56414.83839.90
    Closing Cash & Cash Equivalent624.13296.631,377.24519.682,398.15
    Closing Cash & Cash Equivalent Growth (%)110.41-78.46165.02-78.3353.90
    Total Debt/ CFO (x)0.760.260.240.651.13
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Net Cash flow from Operating Activities6,888.107,876.348,662.605,760.944,834.93
    Net Cash used in Investing Activities-6,828.94-5,436.60-2,567.95-380.07-1,011.33
    Net Cash flow from Financing Activities338.39-3,365.04-5,470.45-5,238.31-3,171.38
    Net Cash Flow397.55-925.30624.20142.56652.22
    Closing Cash & Cash Equivalent548.33150.781,076.08451.881,793.86
    Closing Cash & Cash Equivalent Growth (%)263.66-85.99138.13-74.8157.13
    Total Debt/ CFO (x)0.790.110.110.521.20

    All figures in Rs Cr, unless mentioned otherwise

  • Insights

    • Building-up Cash Reserves

      Company has consistently increased ROE in last 5 years with majority of profits being added to its reserves last year. (Source: Consolidated Financials)
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)19.1214.2211.518.565.13
    Return on Capital Employed (%)13.5915.9514.0812.367.71
    Return on Assets (%)12.579.567.825.783.16
    Interest Coverage Ratio (x)27.4957.8823.9611.904.59
    Asset Turnover Ratio (x)96.78111.3788.8583.3288.16
    Price to Earnings (x)3.6611.9815.4618.9424.21
    Price to Book (x)0.701.701.781.621.24
    EV/EBITDA (x)3.757.268.548.719.51
    EBITDA Margin (%)14.5714.2815.7615.6410.11
    Annual FY 2020 FY 2019 FY 2018 FY 2017 FY 2016
    Return on Equity (%)15.0513.6611.459.187.51
    Return on Capital Employed (%)13.9217.3414.9513.179.05
    Return on Assets (%)9.669.357.956.334.33
    Interest Coverage Ratio (x)73.2768.9326.1912.915.96
    Asset Turnover Ratio (x)104.86116.6992.3887.0197.96
    Price to Earnings (x)5.2113.0016.0518.1819.69
    Price to Book (x)0.781.781.841.671.48
    EV/EBITDA (x)3.997.028.428.619.60
    EBITDA Margin (%)13.6114.7716.0615.759.87
  • MANAGEMENT DISCUSSION AND ANALYSIS (FY 2019-20)

    • Structural challenges for Oil and gas sector

      The current crisis will have a profound impact on the oil & gas industry, both in the short and long term. Oil demand in particular is at risk and it may take years to regain its levels before the pandemic, and growing only slowly thereafter.

    • Carbon emission- India needs to act

      Even during last decade (2008-2018), India has registered a carbon emission growth of over 5% compared to the world average of just over 1%. Though India consumed only 5.8% of world's primary energy in 2019, but it has contributed to over 7.3% of global carbon emissions, indicating a less cleaner energy mix.

    • Growth driver - city gas distribution

      India is now the 13 largest consumer of natural gas globally and 3 in Asia Pacific region, only behind China and Japan. India's Natural Gas consumption during 2019-20 has increased by around 4% in spite of restricted activities in last week of March 2020. Overall gas consumption increased significantly primarily driven by higher LNG imports and cheaper LNG prices. Most of this consumption growth came from City Gas Distribution (CGD) and Fertilizer sector

Financial InsightsGAIL (India) Ltd.

  • Income (P&L)
  • Cash Flow
  • Ratios
    • Topline Contraction

      Sales de-grew by 4.33%. Company witnessed revenue contraction for the first time in last 3 years. (Source: Consolidated Financials)

    • Employee & Interest Expense

      Company has spent less than 1% of its operating revenues towards interest expenses and 2.25% towards employee cost in the year ending Mar 31, 2020. (Source: Consolidated Financials)

    • Increase in Cash from Investing

      Company has used Rs 7444.64 cr for investing activities which is an YoY increase of 30.46%. (Source: Consolidated Financials)

    • Building-up Cash Reserves

      Company has consistently increased ROE in last 5 years with majority of profits being added to its reserves last year. (Source: Consolidated Financials)

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Technicals

  • Buy / Sell Signals
  • Price Analysis
  • Pivot Levels & ATR
  • Chart
  • Bullish / Bearish signals for GAIL (India) Ltd. basis selected technical indicators and moving average crossovers.

    5 Day EMA Crossover

    Bearish signal on daily chart

    Appeared on: 15 Jan 2021

    5D EMA: 139.26

    Last 4 Sell Signals:21 Dec 2020
    Date7 days Gain/Loss %
    21 Dec 2020-1.79%
    17 Dec 2020-2.18%
    2 Nov 2020-1.07%
    26 Oct 2020-3.92%

    Average price decline of -3.01% within 7 days of Bearish signal in last 5 years

    Heikin-Ashi Changeover

    Bearish indication on daily chart

    • Prev. Close Price

      141.43

    • LTP

      138.50

    Formed on:15 Jan 2021

    On daily price chart, Heikin-Ashi candle changed from Green to Red

  • 45%
    Positive Movement since
    1st Jan 2005 on basis
    54%
    Negative Movement since
    1st Jan 2005 on basis
    Exclude
  • Pivot Levels

    R1R2R3PIVOTS1S2S3
    Classic144.28150.07159.72140.42134.63130.77121.12

    Average True Range

    5 DAYS14 DAYS28 DAYS
    ATR5.834.844.30

Peer Comparison

  • Stock Performance
  • Ratio Performance
    • 1D
    • 1W
    • 1M
    • 3M
    • 6M
    • 1Y
    • 5Y
  • Ratio Performance

    NAMEP/E (x)P/B (x)ROE %ROCE %ROA %Rev CAGR [3Yr]OPMNPMBasic EPSCurrent RatioTotal Debt/ Equity (x)Total Debt/ CFO (x)
    GAIL7.331.2719.1213.5912.5714.1711.7110.0220.890.960.130.76
    Adani Gas96.5226.9229.6631.2117.6116.6631.3923.273.970.940.240.79
    IGL38.217.1623.3124.5316.5519.5321.7516.8817.841.390.000.00
    Gujarat Gas26.327.7936.1322.9315.1226.2913.5911.6317.410.790.551.29
    GSPL8.381.8635.4027.4512.9526.8722.9718.6630.660.600.490.86
    Add More
    Annual Ratios (%)

    Choose from Peers

    • Mahanagar Gas

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    Peers InsightsGAIL (India) Ltd.

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      Shareholding Pattern

      • QOQ Change
      • Total Shareholdings
      • Showing Shareholding as on 31 Dec 2020
        Category31 Dec 202030 Sep 202030 Jun 202031 Mar 2020
        Promoters52.1252.1152.1052.06
        Pledge0.000.000.000.00
        FII15.6215.0915.6116.30
        DII19.8920.0619.1418.32
        Mutual Funds9.8610.6011.2611.34
        Others12.3712.7413.1513.32
      • Showing Shareholding as on 31 Dec 2020
        CategoryNo. of SharesPercentage% Change QoQ
        Promoters2,33,44,49,98752.12 %0.01
        Pledge00.00 %0.00
        FII69,97,05,81415.62 %0.53
        DII89,08,28,12219.89 %-0.17
        MF44,14,23,6449.86 %-0.74
        Others58,51,57,94312.37 %-0.37

      MF Ownership

      MF Ownership as on 31 December 2020

      F&O Quote

      • Futures
      • Options
        • Expiry

        Price

        136.40-5.65 (-3.98%)

        OpenHighLowPrev CloseContracts TradedTurnover (₹ Lakhs)
        142.55144.05134.95142.057,50363,997.27

      Corporate Actions

      • Board Meeting/AGM
      • Dividends
      • Others
      • Meeting DateAnnounced onPurposeDetails
        Jan 15, 2021Jan 11, 2021Board MeetingInterim Dividend & Buy Back of Shares
        Nov 10, 2020Oct 27, 2020Board MeetingQuarterly Results
        Sep 22, 2020Aug 24, 2020AGM-
        Aug 13, 2020Aug 04, 2020Board MeetingQuarterly Results
        Jun 24, 2020Jun 12, 2020Board MeetingAudited Results & Final Dividend
      • TypeDividendDividend per ShareEx-Dividend DateAnnounced on
        Interim64%6.4Feb 17, 2020Jan 28, 2020
        Final8%0.885Aug 08, 2019May 27, 2019
        Interim62%6.25Feb 12, 2019Jan 21, 2019
        Final14%1.44Aug 30, 2018May 24, 2018
        Interim76%7.65Jan 18, 2018Jan 05, 2018
      • All TypesEx-DateRecord DateAnnounced onDetails
        BonusJul 09, 2019Jul 10, 2019May 27, 2019Bonus Ratio: 1 share(s) for every 1 shares held
        BonusMar 27, 2018Mar 29, 2018Feb 12, 2018Bonus Ratio: 1 share(s) for every 3 shares held
        BonusMar 09, 2017Mar 11, 2017Jan 25, 2017Bonus Ratio: 1 share(s) for every 3 shares held
        BonusOct 06, 2008Oct 07, 2008Jun 23, 2008Bonus Ratio: 1 share(s) for every 2 shares held

      About GAIL

      GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 62465.46 Crore) operating in Gas & Petroleum sector. GAIL (India) Ltd. key Products/Revenue Segments include Gas Natural which contributed Rs 60143.69 Crore to Sales Value (83.67 % of Total Sales), Polymers which contributed Rs 5370.65 Crore to Sales Value (7.47 % of Total Sales), Sale of services which contributed Rs 2219.09 Crore to Sales Value (3.08 % of Total Sales), Propane which contributed Rs 595.62 Crore to Sales Value (0.82 % of Total Sales), Other Operating Revenue which contributed Rs 146.78 Crore to Sales Value (0.20 % of Total Sales), Compressed Natural Gas (CNG) which contributed Rs 50.92 Crore to Sales Value (0.07 % of Total Sales), Power which contributed Rs 48.25 Crore to Sales Value (0.06 % of Total Sales), Oil Crude which contributed Rs 24.39 Crore to Sales Value (0.03 % of Total Sales) and Income From Telecom which contributed Rs 4.02 Crore to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2020. Show More

      • Executives
      • Auditors
      • AK

        A K Jha

        Co. Secretary & Compl. Officer
        AK

        A K Jha

        Secretary
        AK

        A K Tiwari

        Director - Finance & CFO
        AC

        Ashish Chatterjee

        Government Nominee Director
        Show More
      • ASA & Associates LLP

      Key Indices Listed on

      Nifty 50, Nifty 100, Nifty 200, + 37 more

      Address

      16, Bhikaiji Cama Place,R. K. Puram,New Delhi, Delhi - 110066

      GAIL Share Price Update

      GAIL (India) Ltd. share price moved down by -3.82% from its previous close of Rs 144.00. GAIL (India) Ltd. stock last traded price is 138.50

      Share PriceValue
      Today/Current/Last138.50
      Previous Day144.00

      Trending in Markets

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