Gujarat Gas LimitedGUJGASLTDCorporate

Utilities Utilities - Regulated Gas Latest results: Mar 2026 14 quarters of data

₹247.70

MCap ₹23,240 Cr · P/E 22.6

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹5,792 Cr

Sales · Mar 2026

+35.0% YoY

₹609 Cr

Operating Profit · Mar 2026

+35.5% YoY

10.5%

OPM % · Mar 2026

+0.0% YoY

₹152 Cr

Net Profit · Mar 2026

-47.2% YoY

₹2.21

EPS · Mar 2026

-47.1% YoY

📝 Gujarat Gas Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Gujarat Gas Limited reported revenue of ₹5,792 crore for the quarter ended March 2026 (Q4 FY26), up 35.0% from ₹4,289 crore in the same quarter last year, and up 49.9% sequentially over the December 2025 quarter.

Net profit fell 47.2% year-on-year to ₹152 crore, from ₹288 crore. Earnings per share (EPS) came in at ₹2.21.

Operating profit stood at ₹609 crore — an operating margin (OPM) of 10.5%, compared with 10.5% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Gujarat Gas Limited posted revenue of ₹17,701 crore, a growth of 3.0% over FY25, with a net profit of ₹1,026 crore (down 10.6% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹17,701 crore with a net profit of ₹1,026 crore.

Valuation snapshot

At the current price of ₹247.70, GUJGASLTD has a market capitalisation of ₹23,240 crore and a trailing P/E of about 22.6.

Within the Utilities - Regulated Gas industry, it is the 3rd-largest of the 6 companies we track by market value.

Shareholding pattern

As of May 2026, promoters held 38.94%, foreign institutional investors (FIIs) 10.57%, domestic institutional investors (DIIs) 24.64%, the government 7.29%, public shareholders 18.57% of Gujarat Gas Limited.

Promoter holding slipped from 60.89% to 38.94% over the latest period.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹23,240 Cr

Current Price ?

₹247.7

P/E ?

22.64above ind

Industry P/E ?

14.70

P/B ?

1.26

P/S ?

1.31

P/FCF ?

13.14

Enterprise Value ?

₹26,483 Cr

EV/EBITDA ?

13.09

PEG ?

4.53

Earnings Yield ?

5.3%

Dividend Yield ?

2.37%

Profitability & Returns

Sales (TTM) ?

₹17,701 Cr

OPM ?

11.4%

Profit after tax (TTM) ?

₹1,026 Cr

EPS (TTM) ?

₹10.94

ROCE ?

18.0%

ROE ?

5.6%

ROA ?

3.7%

Growth

Sales — latest qtr ?

₹5,792 Cr

PAT — latest qtr ?

₹152 Cr

YoY qtr sales growth ?

35.0%

YoY qtr profit growth ?

-47.2%

Sales growth (3y) ?

12%

Sales growth (5y) ?

19%

Profit growth (3y) ?

Profit growth (5y) ?

Financial Health

Debt ?

₹3,243 Cr

Debt to Equity ?

0.18

Interest Coverage ?

19.8

Current Ratio ?

N/A

Ownership

Promoter holding ?

38.94%

Change in promoter holding ?

-21.95%

Pledged percentage ?

N/A

Market

Return 3 months ?

-37.6%

Return 6 months ?

-40.7%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Mar bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	YoY %	QoQ %
Sales	3,821	4,074	3,924	3,991	4,084	4,294	4,615	3,949	4,333	4,289	4,065	3,979	3,865	5,792	+35.0%	+49.9%
Operating Profit	582	560	388	497	401	591	536	514	380	450	520	447	447	609	+35.5%	+36.1%
Other Income	32	32	24	28	23	31	39	39	57	74	59	71	55	34	-54.3%	-37.7%
Interest	8	6	7	8	7	7	8	8	9	7	8	8	9	46	+518.3%	+427.5%
Depreciation	109	109	115	118	120	121	123	130	129	129	131	134	135	224	+74.2%	+65.7%
Profit Before Tax	498	478	290	399	297	551	444	417	300	389	441	377	359	374	-3.7%	+4.1%
Net Profit	372	370	216	296	221	410	331	309	221	288	328	280	267	152	-47.2%	-43.0%
EPS	5.40	5.38	3.14	4.30	3.21	5.96	4.80	4.48	3.21	4.18	4.76	4.06	3.88	2.21	-47.1%	-43.0%
OPM %	15.2%	13.8%	9.9%	12.4%	9.8%	13.8%	11.6%	13.0%	8.8%	10.5%	12.8%	11.2%	11.6%	10.5%	+0.0%	-9.5%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹17,185 Cr	₹17,701 Cr	₹17,701 Cr	+3.0%
Operating Profit	₹1,880 Cr	₹2,023 Cr	₹2,023 Cr	+7.6%
OPM %	10.94%	11.43%	11.43%	+4.5%
NPM %	6.68%	5.80%	5.80%	-13.2%
Other Income	₹208 Cr	₹219 Cr	₹219 Cr	+5.2%
Depreciation	₹511 Cr	₹625 Cr	₹625 Cr	+22.4%
Interest	₹32 Cr	₹71 Cr	₹71 Cr	+117.9%
EBIT	₹1,369 Cr	₹1,399 Cr	₹1,399 Cr	+2.1%
PBT	₹1,549 Cr	₹1,551 Cr	₹1,551 Cr	+0.1%
Tax	₹401 Cr	₹302 Cr	₹302 Cr	-24.6%
Net Profit	₹1,148 Cr	₹1,026 Cr	₹1,026 Cr	-10.6%
EPS	₹16.67	₹14.91	₹14.91	-10.6%
Material Cost	₹13,220 Cr	₹8,850 Cr	₹8,850 Cr	-33.1%
Employee Cost	₹189 Cr	₹148 Cr	₹148 Cr	-22.1%
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Equity Capital	138	138	138	187	+35.5%
Reserves	6,890	7,585	8,352	18,251	+118.5%
Borrowings	152	150	150	3,243	+2062.0%
Other Liabilities	3,747	3,819	4,011	5,864	+46.2%
Total Liabilities	10,927	11,692	12,651	27,546	+117.7%
Fixed Assets	7,338	7,763	8,208	13,651	+66.3%
CWIP	983	918	839	836	-0.4%
Investments	63	168	172	1,010	+487.2%
Other Assets	2,544	2,842	3,433	12,049	+251.0%
Total Assets	10,927	11,692	12,651	27,546	+117.7%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	2,375	1,634	1,806	2,721	+50.7%
Cash from Investing Activity	-1,039	-879	-1,921	-2,097	-9.2%
Cash from Financing Activity	-678	-514	-474	-417	+12.0%
Net Cash Flow	658	241	-589	206	+135.0%
Free Cash Flow	1,289	797	1,055	1,768	+67.6%
CFO/OP	117%	103%	111%	100%	-9.9%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	22	24	23	27	+17.4%
Inventory Days	—	—	—	22	—
Days Payable	—	—	—	32	—
Cash Conversion Cycle	22	24	23	17	-26.1%
Working Capital Days	-33	-35	-8	53	+762.5%
ROCE %	31%	20%	20%	18%	-10.0%

👥 Shareholding (latest 4 periods)

Metric	Sep 2025	Dec 2025	Mar 2026	May 2026	% Chg
Promoters	60.89%	60.89%	60.89%	38.94%	-36.0%
FIIs	3.70%	3.82%	3.98%	10.57%	+165.6%
DIIs	14.97%	15.06%	14.76%	24.64%	+66.9%
Government	7.01%	7.01%	7.01%	7.29%	+4.0%
Public	13.41%	13.23%	13.35%	18.57%	+39.1%
No. of Shareholders	1,69,570	1,66,450	1,73,919	3,27,682	+88.4%

⚖️ Peer comparison

Industry: Utilities - Regulated Gas · 6 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	GAIL GAIL (India)	₹173.62	114,157	11.6	147,485	9,870	10.1%	6.7%	-0.3%	-39.2%	16.7%	96.1%
2	ATGL Adani Total	₹595.45	65,488	103.6	6,679	632	17.5%	9.5%	15.9%	0.1%	27.3%	-14.2%
3	GUJGASLTD Gujarat Gas	₹327.05	30,685	21.9	17,701	1,026	11.4%	5.8%	3.0%	-10.6%	35.0%	-47.2%
4	IGL Indraprastha Gas	₹151.75	21,245	15.6	18,141	1,354	9.0%	7.5%	5.8%	-6.5%	16.6%	-44.4%
5	GSPL Gujarat State	₹277.00	15,629	14.9	16,696	1,585	15.1%	9.5%	-29.9%	-24.7%	-6.2%	13.1%
6	STEAMHOUSE Steamhouse India	₹128.50	—	—	—	—	—	—	—	—	13.8%	83.4%

❓ Frequently asked questions

What was Gujarat Gas Limited's revenue in Q4 FY26?

What was Gujarat Gas Limited's net profit in Q4 FY26?