GAIL (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.

• PE Ratio(x)7.10
• EPS - TTM(₹)18.89
• MCap(₹ Cr.)60,458.45
• MCap Rank4
• PB Ratio(x)1.22
• Div Yield(%)4.77
• Face Value(₹)10.00
• 52W High(₹)146.20
• 52W Low(₹)65.00
• MCap/Sales0.48
• Beta(1 Month)0.53
• BV/Share(₹)109.43

• PE Ratio(x)7.10
• EPS - TTM(₹)18.89
• MCap(₹ Cr.)60,706.51
• MCap Rank4
• PB Ratio(x)1.22
• Div Yield(%)4.77
• Face Value(₹)10.00
• 52W High(₹)146.20
• 52W Low(₹)65.70
• MCap/Sales0.48
• Beta(1 Month)0.47
• BV/Share(₹)109.43

• 1 Day0.22%
• 1 Month13.12%
• 3 Months51.21%
• 1 Year6.47%
• 3 Years-21.85%
• 5 Years29.89%

• 1 Day0.19%
• 1 Month13.17%
• 3 Months51.04%
• 1 Year6.52%
• 3 Years-21.8%
• 5 Years29.71%

• GAIL (India) Ltd. stock price down 1.14 per cent as Sensex climbs

  News

• Share price of GAIL (India) Ltd. rises as Nifty strengthens

  News

• Announcement under Regulation 30 (LODR)-Public Announcement-Buyback of Shares

  Announcements

• Buyback Of Equity Shares By GAIL (India) Limited {"Company") - Board Resolution

  Announcements

• Income (P&L)

  • 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)

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	14,091.23	12,332.65	18,878.35	18,078.73	18,470.74
  Total Income Growth (%)	14.26	-34.67	4.42	-2.12	-0.84
  Total Expenses	12,919.08	12,001.53	15,720.75	16,246.26	17,049.82
  Total Expenses Growth (%)	7.65	-23.66	-3.23	-4.71	3.04
  EBIT	1,172.15	331.12	3,157.60	1,832.47	1,420.92
  EBIT Growth (%)	254.00	-89.51	72.31	28.96	-31.70
  PAT	1,111.78	654.33	4,728.37	2,024.66	1,167.07
  PAT Growth (%)	69.91	-86.16	133.54	73.48	-22.30
  EBIT Margin (%)	8.32	2.68	16.73	10.14	7.69
  Net Profit Margin (%)	7.89	5.31	25.05	11.20	6.32
  Basic EPS (₹)	2.47	1.45	10.48	4.49	2.59

  QuarterlyAnnual	Sep 2020	Jun 2020	Mar 2020	Dec 2019	Sep 2019
  Total Income	14,366.66	12,328.24	18,266.34	18,079.69	18,479.99
  Total Income Growth (%)	16.53	-32.51	1.03	-2.17	0.10
  Total Expenses	12,788.89	11,922.55	15,677.71	16,183.90	16,916.98
  Total Expenses Growth (%)	7.27	-23.95	-3.13	-4.33	2.79
  EBIT	1,577.77	405.69	2,588.63	1,895.79	1,563.01
  EBIT Growth (%)	288.91	-84.33	36.55	21.29	-22.02
  PAT	1,239.67	255.51	3,018.20	1,250.65	1,064.25
  PAT Growth (%)	385.17	-91.53	141.33	17.51	-17.34
  EBIT Margin (%)	10.98	3.29	14.17	10.49	8.46
  Net Profit Margin (%)	8.63	2.07	16.52	6.92	5.76
  Basic EPS (₹)	2.75	0.57	6.69	2.77	2.36

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Revenue	74,054.85	77,404.16	55,309.07	49,558.12	52,804.38
  Total Revenue Growth (%)	-4.33	39.95	11.60	-6.15	-14.23
  Total Expenses	65,872.51	68,348.17	48,539.13	44,010.71	49,855.50
  Total Expenses Growth (%)	-3.62	40.81	10.29	-11.72	-12.75
  Profit after Tax (PAT)	9,422.05	6,545.74	4,799.07	3,368.16	1,869.22
  PAT Growth (%)	43.94	36.40	42.48	80.19	-40.85
  Operating Profit Margin (%)	11.71	12.09	12.96	12.47	7.24
  Net Profit Margin (%)	12.99	8.59	8.80	6.93	3.59
  Basic EPS (₹)	20.89	29.03	21.28	14.94	11.05

  QuarterlyAnnual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Revenue	73,287.80	76,671.11	54,648.58	49,325.12	52,771.85
  Total Revenue Growth (%)	-4.41	40.30	10.79	-6.53	-8.39
  Total Expenses	65,446.07	67,259.96	47,717.90	43,615.57	49,599.05
  Total Expenses Growth (%)	-2.70	40.95	9.41	-12.06	-7.09
  Profit after Tax (PAT)	6,620.63	6,025.67	4,618.41	3,502.91	2,298.90
  PAT Growth (%)	9.87	30.47	31.84	52.37	-24.36
  Operating Profit Margin (%)	11.06	12.71	13.42	12.85	7.34
  Net Profit Margin (%)	9.21	8.02	8.60	7.27	4.42
  Basic EPS (₹)	14.68	26.72	20.48	15.53	18.12

  All figures in Rs Cr, unless mentioned otherwise

• Balance Sheet

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Assets	74,914.18	68,407.40	61,334.14	58,271.07	59,037.59
  Total Assets Growth (%)	9.51	11.53	5.26	-1.30	-15.23
  Total Liabilities	25,558.89	22,357.35	19,616.65	18,933.18	22,606.93
  Total Liabilities Growth (%)	14.32	13.97	3.61	-16.25	-33.24
  Total Equity	49,355.29	46,050.05	41,717.49	39,337.89	36,430.66
  Total Equity Growth (%)	7.18	10.39	6.05	7.98	1.82
  Current Ratio (x)	0.96	1.04	0.97	1.01	0.95
  Total Debt to Equity (x)	0.13	0.05	0.05	0.10	0.18
  Contingent Liabilities	2,26,955.60	54,360.71	33,803.77	12,722.48	33,681.15

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Total Assets	68,533.63	64,378.61	58,082.18	55,336.96	52,994.26
  Total Assets Growth (%)	6.45	10.84	4.96	4.42	0.19
  Total Liabilities	24,562.53	20,285.67	17,754.06	17,187.59	22,409.39
  Total Liabilities Growth (%)	21.08	14.26	3.30	-23.30	-5.74
  Total Equity	43,971.10	44,092.94	40,328.12	38,149.37	30,584.87
  Total Equity Growth (%)	-0.28	9.34	5.71	24.73	5.03
  Current Ratio (x)	0.97	1.10	1.02	1.09	0.99
  Total Debt to Equity (x)	0.12	0.02	0.02	0.08	0.19
  Contingent Liabilities	2,06,242.59	35,372.15	35,097.51	14,024.99	17,572.51

  All figures in Rs Cr, unless mentioned otherwise

• Cash Flows

  • 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 Activities	8,345.36	7,984.20	8,768.71	6,024.26	5,918.81
  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 Activities	281.22	-3,364.29	-5,251.62	-5,275.39	-2,521.28
  Net Cash Flow	327.50	-1,080.61	857.56	414.83	839.90
  Closing Cash & Cash Equivalent	624.13	296.63	1,377.24	519.68	2,398.15
  Closing Cash & Cash Equivalent Growth (%)	110.41	-78.46	165.02	-78.33	53.90
  Total Debt/ CFO (x)	0.76	0.26	0.24	0.65	1.13

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Net Cash flow from Operating Activities	6,888.10	7,876.34	8,662.60	5,760.94	4,834.93
  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 Activities	338.39	-3,365.04	-5,470.45	-5,238.31	-3,171.38
  Net Cash Flow	397.55	-925.30	624.20	142.56	652.22
  Closing Cash & Cash Equivalent	548.33	150.78	1,076.08	451.88	1,793.86
  Closing Cash & Cash Equivalent Growth (%)	263.66	-85.99	138.13	-74.81	57.13
  Total Debt/ CFO (x)	0.79	0.11	0.11	0.52	1.20

  All figures in Rs Cr, unless mentioned otherwise

• Ratios

  • 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 (%)	19.12	14.22	11.51	8.56	5.13
  Return on Capital Employed (%)	13.59	15.95	14.08	12.36	7.71
  Return on Assets (%)	12.57	9.56	7.82	5.78	3.16
  Interest Coverage Ratio (x)	27.49	57.88	23.96	11.90	4.59
  Asset Turnover Ratio (x)	96.78	111.37	88.85	83.32	88.16
  Price to Earnings (x)	3.66	11.98	15.46	18.94	24.21
  Price to Book (x)	0.70	1.70	1.78	1.62	1.24
  EV/EBITDA (x)	3.75	7.26	8.54	8.71	9.51
  EBITDA Margin (%)	14.57	14.28	15.76	15.64	10.11

  Annual	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
  Return on Equity (%)	15.05	13.66	11.45	9.18	7.51
  Return on Capital Employed (%)	13.92	17.34	14.95	13.17	9.05
  Return on Assets (%)	9.66	9.35	7.95	6.33	4.33
  Interest Coverage Ratio (x)	73.27	68.93	26.19	12.91	5.96
  Asset Turnover Ratio (x)	104.86	116.69	92.38	87.01	97.96
  Price to Earnings (x)	5.21	13.00	16.05	18.18	19.69
  Price to Book (x)	0.78	1.78	1.84	1.67	1.48
  EV/EBITDA (x)	3.99	7.02	8.42	8.61	9.60
  EBITDA Margin (%)	13.61	14.77	16.06	15.75	9.87

• Management View (MD&A)

  • 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

• Buy/Sell Signals

  Stochastic Crossover

  Bearish signal on weekly chart

  Appeared on: 22 Jan 2021

  Region: Overbought (Above 80)

  Last Signal 24 Dec 2020 (Loss 0.33%)

  Average price decline of -5.13% within 7 weeks of Bearish signal in last 10 years

  10 Day EMA Crossover

  Bearish signal on daily chart

  Appeared on: 21 Jan 2021

  10D EMA: 136.52

  Last Signal 21 Dec 2020 (Loss -1.79%)

  Average price decline of -2.61% within 7 days of Bearish signal in last 5 years

  14 Day EMA Crossover

  Bearish signal on daily chart

  Appeared on: 21 Jan 2021

  14D EMA: 135.14

  Last Signal 21 Dec 2020 (Loss -1.79%)

  Average price decline of -2.62% within 7 days of Bearish signal in last 5 years

  MACD Crossover

  Bearish signal on daily chart

  Appeared on: 20 Jan 2021

  Region: Positive

  Last Signal 21 Dec 2020 (Loss -1.79%)

  Average price decline of -4.14% within 10 days of Bearish signal in last 10 years

  5 Day EMA Crossover

  Bearish signal on daily chart

  Appeared on: 20 Jan 2021

  5D EMA: 138.73

  Last Signal 15 Jan 2021 (Loss -2.82%)

  Average price decline of -2.99% within 7 days of Bearish signal in last 5 years

• Price Analysis
  45%

  Positive Movement
  since 1st Jan 2005
  on basis

  54%

  Negative Movement
  since 1st Jan 2005
  on basis

  Exclude

  Global Meltdown1st Jan 2008 to 10th Nov 2008

  Covid Crisis1st Feb 2020 to 31st Mar 2020

• Pivot Levels

  R1	135.90	Pivot 134.45	S1	132.60
  R2	137.75		S2	131.15
  R3	141.05		S3	127.85

• Average True Range

  5 Days	14 Days	28 Days
  5.07	4.83	4.39

• Stock Performance

  • Stock Returns vs Nifty 100

    Stock gave a 3 year return of -27.6% as compared to Nifty 100 which gave a return of 25.94%. (as of last trading session)

  • CHART
  • TABLE

  • 1D
  • 1W
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y

  • Choose from Peers

    Choose from Stocks

  NAME	1D	1W	1M	3M	1Y	3Y	5Y
  GAIL	0.22	-3.21	13.12	51.21	6.47	-21.85	29.89
  Adani Gas	1.92	1.01	1.41	86.61	117.92	0.00	0.00
  IGL	0.25	-2.49	8.41	36.55	13.19	72.51	368.48
  Gujarat Gas	-4.06	-6.90	0.14	21.45	24.56	99.29	216.37
  GSPL	-0.88	-3.98	-0.66	2.30	-20.16	-3.39	47.67
  Add More

  All values in %

  Choose from Peers

  • Mahanagar Gas

  Choose from Stocks
• Ratio Performance

  • Stock Returns vs Nifty 100

    Stock gave a 3 year return of -27.6% as compared to Nifty 100 which gave a return of 25.94%. (as of last trading session)

  NAME	P/E (x)	P/B (x)	ROE %	ROCE %	ROA %	Rev CAGR [3Yr]	OPM	NPM	Basic EPS	Current Ratio	Total Debt/ Equity (x)	Total Debt/ CFO (x)
  GAIL	7.10	1.22	19.12	13.59	12.57	14.17	11.71	10.02	20.89	0.96	0.13	0.76
  Adani Gas	97.49	27.20	29.66	31.21	17.61	16.66	31.39	23.27	3.97	0.94	0.24	0.79
  IGL	37.26	6.98	23.31	24.53	16.55	19.53	21.75	16.88	17.84	1.39	0.00	0.00
  Gujarat Gas	24.50	7.26	36.13	22.93	15.12	26.29	13.59	11.63	17.41	0.79	0.55	1.29
  GSPL	8.05	1.78	35.40	27.45	12.95	26.87	22.97	18.66	30.66	0.60	0.49	0.86
  Add More

  Annual Ratios (%)

  Choose from Peers

  • Mahanagar Gas

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• QoQ Change
  Category	31 Dec 2020	30 Sep 2020	30 Jun 2020	31 Mar 2020
  Promoters	52.12	52.11	52.10	52.06
  Pledge	0.00	0.00	0.00	0.00
  FII	15.62	15.09	15.61	16.30
  DII	19.89	20.06	19.14	18.32
  Mutual Funds	9.86	10.60	11.26	11.34
  Others	12.37	12.74	13.15	13.32

• Total Shareholdings
  Category	No. of Shares	Percentage	% Change QoQ
  Promoters	2,33,44,49,987	52.12 %	0.01
  Pledge	0	0.00 %	0.00
  FII	69,97,05,814	15.62 %	0.53
  DII	89,08,28,122	19.89 %	-0.17
  MF	44,14,23,644	9.86 %	-0.74
  Others	58,51,57,943	12.37 %	-0.37

• HDFC Balanced Advantage Direct-G

  Hybrid: Dynamic Asset Allocation

  • 662.02

    Amount Invested (in Cr.)

  • 1.67%

    % of AUM

  • 0.00

    % Change (MoM basis)

• ICICI Pru Value Discovery Direct-G

  Equity: Value Oriented

  3

  • 468.35

    Amount Invested (in Cr.)

  • 2.68%

    % of AUM

  • -0.84

    % Change (MoM basis)

• HDFC Equity Direct-G

  Equity: Multi Cap

  2

  • 438.70

    Amount Invested (in Cr.)

  • 2.01%

    % of AUM

  • 0.71

    % Change (MoM basis)

• Futures
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)

  Date	Price
  27-09-2020Current	131.700.05 (0.04%)
  131.50 Open	133.95 High	130.60 Low
  131.65 Prev Close	3,008 Contracts Traded	24,246.25 Turnover (₹ Lakhs)

• Options
  • TypeCEPE
  • Expiry Month28-01-2021 (Current)25-02-2021 (Near)25-03-2021 (Far)
  • Strike Price62.565.067.570.072.575.077.580.082.585.087.590.092.595.097.5100.0102.5105.0107.5110.0112.5115.0117.5120.0122.5125.0127.5130.0132.5135.0137.5140.0142.5145.0147.5150.0152.5155.0157.5160.0162.5165.0167.5170.0

  Date	Price
  27-09-2020Current	0.00-22.50 (-100.00%)
  0.00 Open	0.00 High	0.00 Low
  22.50 Close	0 Contracts Traded	0.00 Turnover (₹ Lakhs)

• Recent

  Board Meeting

  Quarterly Results

  Oct 27, 2020

  General Meeting

  -

  Aug 24, 2020

  Board Meeting

  Quarterly Results

  Aug 04, 2020

• Board Meetings

  Announced on	Meeting on
  Oct 27, 2020	Nov 10, 2020
  Quarterly Results
  Aug 04, 2020	Aug 13, 2020
  Quarterly Results
  Jun 12, 2020	Jun 24, 2020
  Audited Results & Final Dividend
  Jan 28, 2020	Feb 10, 2020
  Quarterly Results & Interim Dividend
  Jan 10, 2020	Jan 16, 2020
  Others

• Dividends

  Announced on	Ex-Date	Dividend%
  Jan 28, 2020	Feb 17, 2020	64%
  May 27, 2019	Aug 08, 2019	8%
  Jan 21, 2019	Feb 12, 2019	62%
  May 24, 2018	Aug 30, 2018	14%
  Jan 05, 2018	Jan 18, 2018	76%

• Bonus

  Announced on	Ex-Date
  May 27, 2019	Jul 09, 2019
  Bonus Ratio: 1 share(s) for every 1 shares held
  Feb 12, 2018	Mar 27, 2018
  Bonus Ratio: 1 share(s) for every 3 shares held
  Jan 25, 2017	Mar 09, 2017
  Bonus Ratio: 1 share(s) for every 3 shares held
  Jun 23, 2008	Oct 06, 2008
  Bonus Ratio: 1 share(s) for every 2 shares held

• Splits

  No Data Available

• Rights

  No Data Available

• AGM/EGM Meetings

  Announced on	Meeting on
  Aug 24, 2020	Sep 22, 2020
  -
  Jul 23, 2019	Aug 20, 2019
  Book closure from Aug 13, 2019 to Aug 20, 2019
  May 31, 2019	Jul 02, 2019
  -
  Jul 18, 2018	Sep 11, 2018
  Book closure from Sep 1, 2018 to Sep 11, 2018
  Jul 23, 2019	-
  Book closure from Aug 13, 2019 to Aug 20, 2019

GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 60458.45 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.For the quarter ended 30-09-2020, the company has reported a Consolidated sales of Rs 13796.29 Crore, up 13.32 % from last quarter Sales of Rs 12174.15 Crore and down -24.34 % from last year same quarter Sales of Rs 18235.45 Crore Company has reported net profit after tax of Rs 776.65 Crore in latest quarter.The company’s top management includes Dr.Ashuotsh Karnatak, Dr.Rahul Mukherjee, Mr.A K Tiwari, Mr.Ashish Chatterjee, Mr.Gajendra Singh, Mr.Jayanto Narayan Choudhury, Mr.Manoj Jain, Mr.P K Gupta, Mrs.Banto Devi Kataria. Company has ASA & Associates LLP as its auditors. As on 31-12-2020, the company has a total of 4,510,141,866 shares outstanding. Show More

GAIL (India) Ltd. share price moved up by 0.22% from its previous close of Rs 133.75. GAIL (India) Ltd. stock last traded price is 134.05

GAIL (India) Ltd. share price moved up by 0.19% from its previous close of Rs 133.80. GAIL (India) Ltd. stock last traded price is 134.05

DATA SOURCES: TickerPlant (for live BSE/NSE quotes service) and Dion Global Solutions Ltd. (for corporate data, historical price & volume, F&O data). Sensex & BSE Quotes and Nifty & NSE Quotes are real-time and licensed from BSE and NSE respectively. All timestamps are reflected in IST (Indian Standard Time).

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