Gujarat Gas Company Ltd. - (Amalgamation) - Stock Valuation and Financial Performance

BSE: 523477 | NSE: GUJRATGAS | Industrial Gases & Fuels | Small Cap

BSE Share Price
Not Listed

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Gujarat Gas Company Ltd. - (Amalgamation) stock performance -

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P/E Ratio (CD):
30.47
Market Cap:
9,562.3 Cr.
52-wk low:
740
52-wk high:
775

Is an attractive stock to invest in?

1. Is a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Gujarat Gas Company Ltd. - (Amalgamation) is a average quality company.

2. Is undervalued or overvalued?

No data found

3. Is a good buy now?

No data found

10 Year X-Ray of Gujarat Gas Co:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Gujarat Gas Company Ltd. - (Amalgamation) has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14TTM
ROCE % 39.8%35.5%25.8%37.1%30.3%29%39%42.9%46.3%55.6%-
Value Creation
Index
3.61.80.91.61.21.52.12.1NANA-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6537479691,2451,3011,4201,8492,4193,0963,1232,496
Sales YoY Gr.-14.4%29.7%28.5%4.6%9.1%30.3%30.8%28%0.9%-
Adj EPS 5.87.76.911.912.513.42021.122.124.924.5
YoY Gr.-31.2%-10.1%72.6%4.8%7.9%49%5.3%4.8%12.9%-
BVPS (₹) 22.328.934.444.555.359.565.661.175.177.7121.4
Adj Net
Profit
74.998.288.4153160172257270283320314
Cash Flow from Ops. 68.5126110180206178285304307405-
Debt/CF from Ops. 0.910.80.60.60.90.7000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 19%19.1%19.1%0.9%
Adj EPS 17.5%14.9%7.6%12.9%
BVPS14.9%7%5.8%3.5%
Share Price - - - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Dec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14TTM
Return on
Equity %
28.429.321.229.224.422.93233.23236.124.6
Op. Profit
Mgn %
20.519.815.620.218.119.822.516.413.315.917.3
Net Profit
Mgn %
11.513.29.212.312.412.21411.29.210.312.6
Debt to
Equity
0.20.30.20.20.20.20.20000
Working Cap
Days
14515214414015816915113712410986
Cash Conv.
Cycle
-63-50-40-36-29-24-16-17667

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to %

Sales growth has been subdued in last 3 years %

Net Profit has been subdued in last 3 years %

Sales growth is not so good in last 4 quarters at %

Latest Financials - Gujarat Gas Company Ltd. - (Amalgamation)

Standalone Consolidated
TTM EPS (₹) 24.3 24.5
TTM Sales (₹ Cr.) 2,496 2,496
BVPS (₹.) 119.6 121.4
Reserves (₹ Cr.) 1,508 1,532
P/BV 6.24 6.14
PE 30.64 30.47
From the Market
52 Week Low / High (₹) 740.00 / 775.00
All Time Low / High (₹) 6.00 / 871.75
Market Cap (₹ Cr.) 9,562
Equity (₹ Cr.) 25.7
Face Value (₹) 2
Industry PE 16.3

Management X-Ray of Gujarat Gas Co:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Gujarat Gas Co

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSDec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14
Sales653.07746.84968.501,244.621,301.251,419.671,849.332,418.593,096.053,903.35
Operating Expenses 520.43599.45819.31993.351,066.031,140.171,435.152,021.652,687.793,281.49
Manufacturing Costs11.0418.5229.0433.8942.5350.8546.0656.6569.64102.27
Material Costs466.73533.19729.79879.33933.661,003.121,286.461,839.542,483.643,018.96
Employee Cost 18.9320.5327.1429.6539.7843.2647.7460.7863.9479.34
Other Costs 23.7427.2133.3450.4850.0642.9354.8964.6870.5780.92
Operating Profit 132.64147.39149.19251.27235.22279.51414.17396.94408.26621.86
Operating Profit Margin (%) 20.3%19.7%15.4%20.2%18.1%19.7%22.4%16.4%13.2%15.9%
Other Income 12.3428.4316.1717.5141.2326.6523.8356.4967.1889.68
Interest 0.112.922.200.110.110.140.460.150.160.52
Depreciation 21.4327.3731.8738.4441.8047.3854.2160.2065.8396.84
Exceptional Items 0000000000
Profit Before Tax 123.43145.54131.29230.24234.54258.63383.34393.07409.45614.18
Tax 46.2946.7443.1376.5773.0383.61124.32118.25120.90194.07
Profit After Tax 77.1598.8088.16153.67161.52175.02259.02274.83288.55420.11
PAT Margin (%) 11.8%13.2%9.1%12.3%12.4%12.3%14.0%11.4%9.3%10.8%
Adjusted EPS (₹)6.07.76.811.812.413.520.021.222.332.6
Dividend Payout Ratio (%)17%13%18%13%12%59%60%104%31%28%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSDec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14

Equity and Liabilities

Shareholders Fund 294.40376.79458.46587.51724.34777.57855.34798.33962.461,245.11
Share Capital 12.8312.8327.2327.2327.2340.0540.0540.0525.6525.65
Reserves 281.57363.97431.23560.28697.12737.52815.29758.28936.811,219.46
Minority Interest1.942.613.123.694.425.176.37.449.1610.66
Debt58.52120.8089.44111.93127.37155.35207.35000
Long Term Debt58.52120.8089.44111.93127.37155.35207.35000
Short Term Debt0000000000
Trade Payables116.68131.75173.75179.63166.49181.32167.11122.38101.94124.86
Others Liabilities 292.73341.84389.90484.13580.61756.28921.441,403.111,371.771,575.76
Total Liabilities 764.27973.791,114.671,366.901,603.231,875.692,157.532,331.272,445.332,956.39

Fixed Assets

Gross Block416.83547.98627.83710.13766.56913.991,019.131,108.641,290.641,452.98
Accumulated Depreciation127.87154.43183.85219.68258.22304.10354.73445.01468.98547.33
Net Fixed Assets288.96393.55443.98490.45508.34609.89664.40663.64821.66905.65
CWIP 20.3647.25104.98111.05134.41135.57138.10125.61112.7670.45
Investments 179.31195.08139.95235.02354.56423.76548.77501.18386.51679.81
Inventories6.729.7713.7817.7017.7921.1310.5915.7524.3327.72
Trade Receivables40.6044.9082.3587.5695.99113.90141.12164.71183.45176.86
Cash Equivalents 10.6816.6616.0817.5522.477.919.3614.2542.0341.45
Others Assets217.64266.58313.56407.56469.66563.53645.20846.13874.591,054.45
Total Assets 764.27973.791,114.671,366.901,603.231,875.692,157.532,331.272,445.332,956.39

Cash Flow

(All Figures are in Crores.)
PARTICULARSDec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14
Cash Flow From Operating Activity 68.54125.84109.64179.70205.92178.16285.18304.21306.94506.43
PBT 123.43145.54131.29230.24234.54258.63383.34393.07409.45614.18
Adjustment 15.9723.7530.8136.2621.3933.7939.9617.9125.2235.73
Changes in Working Capital -29.625.21-7.59-13.557.37-36.42-14.54.24-20.8931.25
Tax Paid -41.24-48.66-44.87-73.25-57.38-77.84-123.62-111.01-106.84-174.73
Cash Flow From Investing Activity -52.79-164.88-75.17-179.56-192.38-196.60-214.61-20.124.92-409.08
Capex -54.83-159.21-142.32-91.75-89.89-151.65-111.97-107.31-140.47-178.66
Net Investments -3.97-15.5256.32-95.02-118.15-65.67-123.2052.73122.74-267.65
Others 6.019.8410.847.2115.6720.7220.5634.4622.6537.23
Cash Flow From Financing Activity -11.4345.02-34.731.34-8.633.89-69.13-279.21-284.07-97.92
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -0.0152.99-50.04-2.94000000
Interest Paid -0.11-2.92-2.20-0.11-0.11-0.14-0.46000
Dividend Paid -14.54-14.70-15.61-20.49-23.96-23.96-120.67-328.24-284.04-135.34
Others 3.239.6433.1124.8815.4427.985249.04-0.0337.42
Net Cash Flow 4.315.97-0.261.484.92-14.551.454.8927.79-0.57
PARTICULARSDec'04Dec'05Dec'06Dec'07Dec'08Dec'09Dec'10Dec'11Dec'12Mar'14
Ratios
ROE (%)30.4530.1121.7330.3725.2223.7732.333.8333.0538.06
ROCE (%)39.8235.5325.7737.0930.328.9739.0242.8546.3255.55
Asset Turnover Ratio0.90.860.941.020.890.830.931.11.321.48
PAT to CFO Conversion(x)0.891.271.241.171.271.021.11.111.061.21
Working Capital Days
Receivable Days23212425252725232017
Inventory Days3445553222
Payable Days100857673686349291614

Gujarat Gas Company Ltd. - (Amalgamation) Stock News

Gujarat Gas Company Ltd. - (Amalgamation) FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Gujarat Gas Co on 01-Jan-1970 05:30 is ₹0.00.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 01-Jan-1970 05:30 the market cap of Gujarat Gas Co stood at ₹9,562.3.
The latest P/E ratio of Gujarat Gas Co as of 01-Jan-1970 05:30 is 30.64.
The latest P/B ratio of Gujarat Gas Co as of 01-Jan-1970 05:30 is 6.24.
The 52-week high of Gujarat Gas Co is ₹775.0 and the 52-week low is ₹740.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Gas Co is ₹2,496 ( Cr.) .

About Gujarat Gas Company Ltd. - (Amalgamation)

Gujarat Gas Company was incorporated on January 17, 1980 under the name of Gujarat Amico Chem and obtained the certificate for commencement of business on August 14, 1980. It was promoted by Mafatlal Fine Spinning & Manufacturing Co. and GIIC to implement the Ankleshwar & Bharuch National Gas distribution project by entering into an agreement on December 21, 1987. Erstwhile  a part of BG group, the company was acquired by an integrated gas major GSPC group on June 12,2013.

The company became a subsidiary of MIL on acquisition of 6,12,000 equity shares of Rs 10 each effective January 28, 1991. The company was allotted 1,70,000 CMD of national gas for Ankleshwar Branch project and 3,00,000 CMD of national gas for the Surat project. The name was changed to Gujarat Gas Co. on June 8, 1998.

The corporate office of the company is in Ahmedabad and its area of operations is spread in the districts of Surat and Bharuch.

Milestones

  • 1980: Incorporation of the company
  • 1988: Signed Joint Venture (JV) with Mafatlal group of gas in Gujarat
  • 1989: Commissioning of network and supply of gas in Ankleshwar
  • 1990: Commissioning of network at Bharuch
  • 1991: Commissioning of network Surat
  • 1992: Started GNG operations
  • 1994: Started GFCL (Gujarat Gas Financial Services)
  • 1997: Acquired by BG group (Formaly British Group)
  • 1999: Reached 1,00,000 customer mark
  • 2001: Started Transmission business
  • 2002: Achieved 1mmscmd of gas sales
  • 2003: Obtain OHSAS 18001 accreditation- first in gas industry in India
  • 2004: Commissioned 6 new CNG stations
  • 2005: Listed and awarded one among India’s best managed companies
  • 2006: Reached 20 plus CNG stations
  • 2007: Touched 2,00,000 PNG and 50,000 CNG customer mark
  • 2009: Received the 'Surat Na Sitara' award for the 'best consumer oriented company in surat' in the corporate category at a public function held in Surat on 24th of January 2009
  • 2012: Entered into an agreement with BG India Energy Solutions (BGIESPL), for the purchase or re-gasified LNG (RLNG) volumes of up to 1.0 mmscmd (39,206 mmbtu/day)
  • The Company  executed a fully termed Gas Sales and Transportation Contract (GSTC) with GAIL (India) Ltd (GAIL) for the purchase of gas from the Panna-Mukta and Tapti (PMT) fields.
  • Gujarat Gas gets PNGRB nod for Hazira- Ankleshwar natural gas pipeline.
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