Gujarat Gas LimitedGUJGASLTDCorporate

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

₹247.70

MCap ₹23,240 Cr · P/E 16.7

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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.

₹5,765 Cr

Sales · Mar 2026

+34.4% YoY

₹782 Cr

Operating Profit · Mar 2026

+74.0% YoY

13.6%

OPM % · Mar 2026

+29.5% YoY

₹521 Cr

Net Profit · Mar 2026

+81.4% YoY

₹7.56

EPS · Mar 2026

+81.3% YoY

📝 Gujarat Gas Limited — results explained

Quarter ended March 2026 (Q4 FY26)

Gujarat Gas Limited reported revenue of ₹5,765 crore for the quarter ended March 2026 (Q4 FY26), up 34.4% from ₹4,289 crore in the same quarter last year, and up 49.2% sequentially over the December 2025 quarter.

Net profit rose 81.4% year-on-year to ₹521 crore, from ₹287 crore. Earnings per share (EPS) came in at ₹7.56.

Operating profit stood at ₹782 crore — an operating margin (OPM) of 13.6%, 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 ₹17,674 crore, a growth of 2.8% over FY25, with a net profit of ₹1,394 crore (up 21.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹17,674 crore with a net profit of ₹1,394 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 16.7.

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 ?

16.67above ind

Industry P/E ?

14.70

P/B ?

1.26

P/S ?

1.31

P/FCF ?

14.69

Enterprise Value ?

₹23,410 Cr

EV/EBITDA ?

10.66

PEG ?

1.11

Earnings Yield ?

7.1%

Dividend Yield ?

2.37%

Profitability & Returns

Sales (TTM) ?

₹17,674 Cr

OPM ?

12.4%

Profit after tax (TTM) ?

₹1,394 Cr

EPS (TTM) ?

₹14.86

ROCE ?

23.0%

ROE ?

7.5%

ROA ?

6.0%

Growth

Sales — latest qtr ?

₹5,765 Cr

PAT — latest qtr ?

₹521 Cr

YoY qtr sales growth ?

34.4%

YoY qtr profit growth ?

81.4%

Sales growth (3y) ?

12%

Sales growth (5y) ?

19%

Profit growth (3y) ?

15%

Profit growth (5y) ?

13%

Financial Health

Debt ?

₹170 Cr

Debt to Equity ?

0.01

Interest Coverage ?

47.5

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	5,765	+34.4%	+49.2%
Operating Profit	582	560	388	497	401	591	536	514	380	450	520	447	447	782	+74.0%	+74.8%
Other Income	32	32	24	30	23	31	39	39	59	74	59	73	55	98	+31.8%	+79.5%
Interest	8	6	7	8	7	7	8	8	9	7	8	8	9	10	+34.4%	+14.7%
Depreciation	109	109	115	118	120	121	123	130	129	129	131	134	135	144	+12.0%	+6.5%
Profit Before Tax	497	477	289	401	296	550	443	415	300	388	440	378	358	726	+87.2%	+102.8%
Net Profit	371	369	215	298	220	410	330	307	222	287	327	281	266	521	+81.4%	+96.2%
EPS	5.39	5.36	3.12	4.33	3.20	5.95	4.79	4.46	3.22	4.17	4.75	4.08	3.86	7.56	+81.3%	+95.9%
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%	13.6%	+29.5%	+17.2%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹17,185 Cr	₹17,674 Cr	₹17,674 Cr	+2.8%
Operating Profit	₹1,880 Cr	₹2,196 Cr	₹2,196 Cr	+16.8%
OPM %	10.94%	12.43%	12.43%	+13.6%
NPM %	6.67%	7.89%	7.89%	+18.3%
Other Income	₹210 Cr	₹285 Cr	₹285 Cr	+35.8%
Depreciation	₹511 Cr	₹545 Cr	₹545 Cr	+6.7%
Interest	₹32 Cr	₹35 Cr	₹35 Cr	+7.1%
EBIT	₹1,369 Cr	₹1,652 Cr	₹1,652 Cr	+20.6%
PBT	₹1,547 Cr	₹1,902 Cr	₹1,902 Cr	+23.0%
Tax	₹401 Cr	₹302 Cr	₹302 Cr	-24.6%
Net Profit	₹1,146 Cr	₹1,394 Cr	₹1,394 Cr	+21.7%
EPS	₹16.64	₹20.25	₹20.25	+21.7%
Material Cost	₹13,220 Cr	₹8,851 Cr	₹8,851 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	188	+36.2%
Reserves	6,858	7,552	8,316	18,329	+120.4%
Borrowings	152	150	150	170	+13.3%
Other Liabilities	3,747	3,819	4,011	4,709	+17.4%
Total Liabilities	10,895	11,658	12,615	23,396	+85.5%
Fixed Assets	7,338	7,763	8,208	8,819	+7.4%
CWIP	983	918	839	829	-1.2%
Investments	30	135	136	2,275	+1572.8%
Other Assets	2,544	2,842	3,433	11,474	+234.2%
Total Assets	10,895	11,658	12,615	23,396	+85.5%

💧 Cash Flow (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Cash from Operating Activity	2,378	1,634	1,806	2,407	+33.3%
Cash from Investing Activity	-1,041	-879	-1,921	-1,955	-1.8%
Cash from Financing Activity	-678	-514	-474	-268	+43.5%
Net Cash Flow	658	241	-589	185	+131.4%
Free Cash Flow	1,292	797	1,055	1,582	+50.0%
CFO/OP	117%	103%	111%	87%	-21.6%

➗ Ratios (latest 4 periods)

Metric	Mar 2023	Mar 2024	Mar 2025	Mar 2026	% Chg
Debtor Days	22	24	23	26	+13.0%
Inventory Days	—	—	—	19	—
Days Payable	—	—	—	32	—
Cash Conversion Cycle	22	24	23	14	-39.1%
Working Capital Days	-33	-35	-8	62	+875.0%
ROCE %	31%	21%	20%	23%	+15.0%

👥 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?