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Gail (India) Ltd

₹ 165-0.05%
14 Jan – close price
🔗gailonline.com•BSE: 532155•NSE: GAIL
Market Cap₹ 1,08,601 Cr.
Current Price₹ 165
High / Low₹ 203
Stock P/E13.3
Book Value₹ 112
Dividend Yield4.54 %
ROCE15.3 %
ROE14.1 %
Face Value₹ 10.0
Sales₹ 1,40,399 Cr.
OPM8.96 %
Mar Cap₹ 1,08,601 Cr.

ABOUT

Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.

KEY POINTS

Business OverviewGAIL is the largest state-owned natural gas processing and distribution company in India. It has a diversified business portfolio and has interests and has interests in sourcing and trading natural gas, production of LPG, Liquid hydrocarbons,, and petrochemicals, transmission of natural gas and LPG through pipelines, etc. GAIL also has interests in India and overseas in Oil and Gas Blocks, Renewable Energy, CGD, CBG, and Green Hydrogeetc. GAIL also has interests in India and overseas in Oil and Gas Blocks, Renewable Energy, CGD, CBG, and Green Hydrogen.[1]

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.GAIL (India)165.1713.34108600.924.542217.24-17.0235008.056.3715.28140399.248.968143.482217.241.478.420.26
2.Guj.St.Petronet305.5516.7417239.481.64389.03-7.424007.870.3915.1616765.7714.591029.89260.771.448.220.01
3.Energy InfrTrust87.5065.575810.0017.4456.24340.241892.82-6.454.203876.2738.2488.6156.246.420.067.16
4.Indifra Ltd14.55–10.610.00-0.13-148.152.60-72.770.114.77-15.72-0.39-0.130.590.050.00
–Median: 3 Co.165.1716.7417239.484.54389.03-7.424007.870.3915.1616765.7714.591029.89260.771.478.220.26

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
38,47935,36532,84332,21231,80734,23632,31833,67432,91234,93735,68534,76935,008
Expenses
36,71435,10432,53629,77928,31530,41428,76029,14629,16732,09932,46931,43531,817
Operating Profit
1,7652613072,4333,4913,8233,5584,5283,7452,8383,2163,3343,191
Other Income
7996891,0172685618126383727133,190566292793
Profit before tax
1,8762235911,8893,1303,6942,8423,6423,4535,0292,7012,5332,823
Tax %
18%-10%-2%25%23%23%23%25%23%23%24%26%21%
Net Profit
1,5372466041,4122,4052,8432,1772,7242,6723,8672,0491,8862,217
EPS in Rs
2.340.370.922.153.664.323.314.144.065.883.122.873.37

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
57,35456,59551,72148,14953,66275,12671,88056,73091,626144,250130,573137,208140,399
Expenses
50,66451,89947,42041,73546,00565,56363,41250,26677,788137,552117,184122,827127,821
Operating Profit
6,6904,6964,3016,4147,6569,5648,4686,46413,8396,69813,38914,38112,578
Other Income
1,2499248708739921,2101,4201,9852,0372,6862,1934,7884,841
Interest
366361800479275139108156174312697744784
Depreciation
1,1719741,3101,3971,4151,5501,8361,9082,1112,4883,3313,6003,549
Profit before tax
6,4024,2843,0625,4116,9589,0857,9436,38613,5906,58411,55514,82513,086
Net Profit
4,3753,0392,2263,5034,6186,0266,6214,89010,3645,3028,83611,31210,020
EPS in Rs
6.474.493.295.186.838.919.797.3415.568.0613.4417.2015.24
Dividend Payout %
30%25%31%54%44%27%44%45%43%62%41%44%–

Compounded Sales Growth

10 Years:9%
5 Years:14%
3 Years:14%
TTM:5%

Compounded Profit Growth

10 Years:12%
5 Years:8%
3 Years:-3%
TTM:-22%

Stock Price CAGR

10 Years:10%
5 Years:12%
3 Years:19%
1 Year:-9%

Return on Equity

10 Years:13%
5 Years:14%
3 Years:13%
Last Year:14%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1,2681,2681,2681,6912,2552,2554,5104,4404,4406,5756,5756,5756,575
Reserves
25,80427,85133,82636,45838,07341,83839,46142,17151,14649,07957,60463,98967,060
Borrowings
10,2689,5568,0605,0632,0811,0015,7626,5987,65615,73019,21018,44319,503
Other Liabilities
12,49414,24212,64312,14515,69219,30418,82019,74723,12324,77326,15626,92225,888
Total Liabilities
49,83452,91755,79755,35758,10164,39868,55372,95686,36596,156109,546115,929119,026
Fixed Assets
21,47727,76028,46728,50628,79031,08633,64536,49839,78144,30748,96052,16652,037
Gross Block
34,03041,29829,37430,67632,62636,65840,94845,36350,59257,42265,17771,216–
Accumulated Depreciation
12,55313,5399072,1703,8365,5727,3038,86510,81113,11516,21719,050–
CWIP
9,7284,3603,4203,8035,5149,20210,58211,90313,07113,66215,85918,84320,151
Investments
4,2894,3228,5859,3779,9539,6247,4989,72412,12112,78917,51417,48418,761
Other Assets
14,34116,47515,32613,67113,84414,48516,82814,83121,39225,39827,21427,43628,078
Total Assets
49,83452,91755,79755,35758,10164,39868,55372,95686,36596,156109,546115,929119,026

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
4,9222,4444,0715,7618,6637,8766,8888,3738,7542,80811,84815,568
Cash from Investing Activity
-3,232-964-671-380-2,568-5,437-6,829-4,170-4,413-6,553-8,002-6,056
Cash from Financing Activity
-1,397-2,989-3,318-5,238-5,470-3,365338-3,539-4,1862,552-3,431-9,212
Net Cash Flow
293-1,50982143624-925398664155-1,194415301

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
182019212120232229262724
Inventory Days
181714171715192216151819
Days Payable
322725273525263628212326
Cash Conversion Cycle
41081131016817212218
Working Capital Days
-6-3-11-4-18-1-7-19-4-5-7-6
ROCE %
18%12%9%14%17%22%17%13%24%10%16%15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters
51.91%51.91%51.91%51.91%51.90%51.90%51.92%51.92%51.90%51.88%51.88%51.88%51.88%
FIIs
18.04%16.40%16.09%14.76%14.24%14.17%15.20%16.79%16.05%14.79%14.91%13.72%14.07%
DIIs
15.97%17.93%18.06%19.14%19.37%19.56%18.13%16.92%17.59%19.02%18.93%19.88%19.76%
Public
6.18%5.83%6.01%6.30%6.58%6.75%7.14%6.76%6.84%6.68%6.66%6.92%6.69%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

GAIL (India) Announces Trading Window Closure for Entire FY 2026-27

27th March 2026, 7:46 pm

GAIL (India) Revises Pipeline Project Completion Schedule to September 2026

26th March 2026, 2:19 am

GAIL to Infuse up to US$64 Million Equity into US Subsidiary GAIL Global (USA) Inc.

26th March 2026, 2:20 am

GAIL (India) Limited Revises Completion Timeline for MNJPL Project to June 30, 2026

26th March 2026, 2:17 am

GAIL to Acquire 49% Stake in Leafiniti Bioenergy for ₹13.54 Crore

19th March 2026, 3:11 am

Published by Other Websites

External media mentions & references

India Turns LPG Crisis into Piped Gas Expansion Drive

2nd April 2026, 11:12 am

Petronet LNG: Nomura Reiterates Buy, Sees 37% Upside to Rs 340

1st April 2026, 5:35 am

India Defies $120 Oil Surge: Fuel Prices Steady After Tax Cut

30th March 2026, 12:00 pm

India Forces LPG Surrender: 6,000 PNG Users Switch Amid War

29th March 2026, 7:53 pm

India Eyes Russian LNG, Crude Amid Iran Crisis, Defying Sanctions

27th March 2026, 3:31 pm

News Articles

Editorial & research coverage

GAIL Appoints New CMD Amid Profit Pressure: Will Projects Focus Drive Turnaround?
GAIL Appoints New CMD Amid Profit Pressure: Will Projects Focus Drive Turnaround?

12th February 2026, 9:48 pm

India-US Energy Talks: Demand Surge Tests Cleaner Tech Frontier
India-US Energy Talks: Demand Surge Tests Cleaner Tech Frontier

5th February 2026, 1:16 pm

GAIL Battles Regulator Over Tariff: Future Capex Squeeze?
GAIL Battles Regulator Over Tariff: Future Capex Squeeze?

5th February 2026, 6:29 am

India Pivots to US Energy: Trade Deal Fuels New Supply Chains
India Pivots to US Energy: Trade Deal Fuels New Supply Chains

5th February 2026, 5:39 am

Chola Inv & Finance Upgrade: BUY Signal Amidst Expansion Woes
Chola Inv & Finance Upgrade: BUY Signal Amidst Expansion Woes

4th February 2026, 1:29 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

6 Jan - Certificate issued by MCS Share Transfer Agent Limited, the Registrar and Share Transfer Agent of the Company for the Quarter ended 31.12.2025.

REVISION IN COMPLETION SCHEDULE FOR DURGAPUR - HALDIA & DHAMRA - HALDIA PIPELINE SECTIONS OF INTEGRATED JAGDISHPUR - HALDIA - BOKARO - DHAMRA PIPELINE PROJECT

3 Jan - Completion revised Dec 2025→Mar 2026 for Durgapur–Haldia and Dhamra–Haldia; Board approved 03.01.2026.

REVISION IN COMPLETION SCHEDULE FOR SRIKAKULAM ANGUL PIPELINE PROJECT

3 Jan - Completion revised Dec 2025 to June 2026; mainline 422km commissioned 26-09-2025; spur 280/322km completed.

REVISION IN COMPLETION SCHEDULE FOR KOCHI-KOOTTANAD-BENGALURU-MANGALURU PIPELINE (KKBMPL) PROJECT

3 Jan - KKBMPL completion revised from Dec 2025 to Mar 2026; 884km laid, 628km commissioned.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

23 Dec - GAIL signs MoU with Chhattisgarh to study 12.7 LMT urea plant along MNJPL; investment decision pending.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

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Financial Year 2019

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Financial Year 2018

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Financial Year 2017

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Financial Year 2016

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Financial Year 2015

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Financial Year 2014

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Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

5 Dec 2025 from icra

Rating update

4 Jul 2025 from care

Rating update

27 Jun 2025 from icra

Rating update

22 Jan 2025 from fitch

Rating update

5 Jul 2024 from care

Rating update

28 Jun 2024 from icra

Concalls

Oct 2025

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Nov 2024

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Oct 2023

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Feb 2022

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Oct 2021

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Jun 2021

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Nov 2020

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Aug 2020

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Jun 2020

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Nov 2019

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Aug 2019

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Stock Analysis

Description

  1. GAIL (India) Ltd. has informed stock exchanges about its upcoming schedule of analyst and institutional investor meetings and conferences. The company officials will attend events hosted by Emkay Global Financial Services (Emkay Confluence 2025), Equirus Securities (Equirus Annual India Conference 2025), Antique (Antique’s Flagship Investor Conference 2025), Elara Capital (Ashwamedh, Elara India Dialogue), and J P Morgan (10th Annual India Conference). These meetings are set to take place physically in Mumbai, spanning from August 12, 2025, through September 22, 2025. The format includes investor group one-on-one and group sessions. GAIL has explicitly clarified that no Unpublished Price Sensitive Information (UPSI) is proposed to be shared during any of these scheduled engagements.

Key Growth Triggers

  1. Partnership with TruAlt Bioenergy Limited for establishing new Compressed Bio Gas (CBG) projects through Leafiniti Bioenergy Private Limited (LBPL).
  2. MoU with Hindustan Copper Limited (HCL) to jointly explore and develop critical mineral resources.
  3. Proposed development of a gas-based fertilizer project in Chhattisgarh, along GAIL's pipeline corridor.
  4. Expansion of the Jamnagar-Loni Petroleum Product (LPG) Pipeline (JLPL) capacity.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. GAIL has been levied a penalty of ₹12,33,830 and a fine of ₹9,50,000 by Customs, Nhava Sheva, Mumbai, for alleged violation related to import duty benefits.
  2. Focus Energy and co-parties have filed counter-claims totaling ₹529.32 Crores plus applicable interest in ongoing arbitration proceedings.
  3. A CGST order demands ₹143.08 crore in GST and penalty related to corporate guarantees for subsidiaries/JVs.
  4. Q2 FY26 consolidated PAT figures reported across different news snippets show significant year-on-year variation, ranging from a substantial decrease to marked increases.

Key Dates To Watch

  1. Board Meeting to approve Q2 FY2025-26 financial results: October 31, 2025.
  2. Interim levelized tariff for INGPL network effective: January 1, 2026.

Corporate Announcements

27th Mar 26
Impact Rating: 6
GAIL (India) Limited has notified that its trading window will remain closed for designated persons and their immediate relatives for the entirety of the Financial Year 2026-27, commencing April 1, 2026.
25th Mar 26
Impact Rating: 8
GAIL (India) Limited announced a revised completion schedule for its Durgapur-Haldia pipeline project sections, now targeting September 2026. The delay is attributed to issues related to Right of Use (RoU) and fisheries availability.
25th Mar 26
Impact Rating: 9
GAIL (India) Limited announced its Board approved infusing up to US$64 million in equity into its US subsidiary, GAIL Global (USA) Inc., to strengthen its financial position and reduce loan obligations.
25th Mar 26
Impact Rating: 5
GAIL (India) Limited announced a revised completion schedule for its 1702 Km Mumbai-Nagpur-Jharsuguda Pipeline (MNJPL) project. The project is now targeted for progressive completion by June 30, 2026, as approved by the Board.
18th Mar 26
Impact Rating: 8
GAIL is acquiring a 49% stake in Leafiniti Bioenergy Private Limited, an operator of a Compressed Bio Gas plant, for a total consideration of ₹13.54 crore. This move aims to bolster GAIL's CBG business.