Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 21567.26 Crore) operating in Gas & Petroleum sector.
By ETMarkets.com | Updated:
Agencies
Promoters held 60.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.1 per cent, DIIs 7.3 per cent and public and others 22.7 per cent.
Motilal Oswal has given a buy rating to Gujarat Gas with a target price of Rs 440. The share price moved up by 2.32 per cent from its previous close of Rs 301.25. The stock’s last traded price is Rs 308.25.
Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 21567.26 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 2559.91 Crore, up 136.39 % from last quarter Sales of Rs 1082.92 Crore and up 1.87 % from last year same quarter Sales of Rs 2512.91 Crore Company reported net profit after tax of Rs 474.79 Crore in latest quarter.
Investment Rationale The brokerage has built in volume CAGR of ~10% with FY20 as a base, EBITDA margin of INR4.8/scm (similar to INR4.7/scm in FY20) for FY22-FY23E. GUJGA trades at 17.2x FY22E EPS of INR17.6 and 10.2x FY21 EV/EBITDA. Promoter/FII Holdings Promoters held 60.9 per cent stake in the company as of Sept 30, 2020, while FIIs held 9.1 per cent, DIIs 7.3 per cent and public and others 22.7 per cent.
