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GUJARAT ENERGY LIMITED (GUJENERGY)

₹222.62 -0.62% last close, 16 Oct

📊 NSE: GUJENERGY 🏢 LPG/CNG/PNG/LNG Supplier 📢 Latest filing: 14 Oct 2026

Q2 FY27 results

📅 Next results: 05 Nov 2026 (board meeting)

GUJARAT ENERGY LIMITED's board meets on 5 Nov 2026 to consider its Q2 FY27 results (July-September 2026).

In its latest reported quarter, Q1 FY27, GUJARAT ENERGY's revenue was ₹9,771 Cr (+67.0% year on year, +68.7% on the previous quarter), and net profit ₹1,007 Cr (+84.2% year on year); the operating margin was 14.1%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹9,771	+67.0%	+68.7%
Operating profit	₹1,381	+65.0%	+126.7%
Net profit	₹1,007	+84.2%	+562.8%
EPS (₹)	10.67	+24.8%	+109.2%
Operating margin	14.1%	—	—

Full quarterly financials → Results calendar →

GUJENERGY delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 57.99% of the GUJENERGY shares traded on NSE were taken to delivery, against the stock's own 20-session average of 56.47%. That is close to its usual level. Volume was 0.4 times its average, well below normal.

57.99%Delivery, 16 Oct

56.47%Own 20-session average

0.4×Volume vs its average

₹222.62NSE close · -0.62%

Delivery in the last 5 sessions: 51.1% · 47.0% · 50.8% · 55.5% · 58.0%

Delivery across the market →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Gujarat Energy Pays Record ₹324 Cr FY26 Dividend to Gujarat Govt Following Group Restructuring

🟡 NEUTRAL ⭐ 5/10

DIVIDEND 📅 14 Oct 2026, 06:31 PM

Gujarat Energy Limited (formerly Gujarat Gas Limited) announced a record dividend payment of ₹324 Crores to the Government of Gujarat for FY 2025-26 at ₹8.90 per share on 36.40 crore shares. This follows the Scheme of Arrangement effective May 1, 2026, which amalgamated GSPC into Gujarat Gas and increased the State Government's holding from ~6% to ~38%. Together with GSPL Transmission Limited's payout of ₹60.67 Crores, total payouts to the state reached ₹384.67 Crores. In comparison, prior cumulative payouts over FY23-FY25 totaled ₹81.55 Crores.

Paid record ₹324 Crores in FY26 dividend to Government of Gujarat at ₹8.90 per share.
State Government holding in Gujarat Energy increased from ~6% pre-scheme to ~38% post-scheme.
Scheme of Amalgamation & Arrangement of GSPC Group came into effect from May 1, 2026.
Combined FY26 dividend by GEL and GSPL Transmission Limited to the Government totaled ₹384.67 Crores.
Prior 3-year cumulative dividend paid to the Government (FY23–FY25) stood at ~₹81.55 Crores.

💡 Track subsequent quarterly earnings to monitor post-merger integration efficiencies and cash flow generation supporting these higher corporate dividend levels.

GSPL Transmission to List 31.27 Cr Shares on BSE & NSE on Sept 30 Post-Demerger

🟢 POSITIVE ⭐ 7/10

M&A 📅 29 Sep 2026, 01:40 PM

Gujarat Energy Limited (formerly Gujarat Gas Limited) announced that the demerged entity, GSPL Transmission Limited (GTL), has secured final listing and trading approvals from BSE and NSE. A total of 31,27,43,617 equity shares of face value ₹10 each will commence trading on September 30, 2026. The stock will trade under the symbol GSPLTRANS in the Trade-for-Trade (T group / BE series) segment for the first 10 trading sessions. This marks the culmination of the composite scheme involving GSPC, GSPL, GSPC Energy, and Gujarat Energy.

31,27,43,617 equity shares of ₹10 face value to list and commence trading on September 30, 2026
Post-arrangement paid-up equity capital of GSPL Transmission Limited stands at ₹3,12,74,36,170
The scrip (Symbol: GSPLTRANS, BSE Code: 544801) will be in the Trade-for-Trade segment for 10 trading days
Scheme of Arrangement had an effective date of May 1, 2026, following MCA approval on April 8, 2026

💡 Track the price discovery of GSPLTRANS during the special pre-open session on September 30, 2026, and monitor the combined valuation impact across both Gujarat Energy and the newly listed transmission entity.

C&AG Appoints Dhirubhai Shah & Co. LLP as Statutory Auditor of Gujarat Energy for FY 2026-27

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 10 Sep 2026, 08:35 PM

The Comptroller & Auditor General of India (C&AG) has appointed M/s. Dhirubhai Shah & Co. LLP (WR0141) as the Statutory Auditors of Gujarat Energy Limited for FY 2026-27 under Section 139 of the Companies Act, 2013. The appointment was conveyed via C&AG letter dated September 10, 2026. The firm will also audit the Consolidated Financial Statements of the company. Additionally, the supplementary audit has been entrusted to the Principal Accountant General (Audit-II), Gujarat.

C&AG letter dated September 10, 2026 appoints M/s. Dhirubhai Shah & Co. LLP as Statutory Auditors.
Appointment covers the financial year 2026-27 for standalone and consolidated financial statements.
Supplementary audit entrusted to Principal Accountant General (Audit-II), Gujarat under Sections 143(6) & (7).
Jun 2026 quarterly revenue of the company stood at ₹9,771.38 crore with a net profit of ₹1,007.4 crore.

💡 This is a standard statutory appointment by C&AG for a state PSU entity. Investors should continue to monitor core quarterly earnings performance and gas transmission/distribution volumes.

Gujarat Energy Dispatches FY26 Annual Report & AGM Notice for Sept 29; Recommends ₹8.90 Dividend

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 05 Sep 2026, 08:52 PM

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) has issued the notice for its 14th Annual General Meeting scheduled for September 29, 2026, alongside publishing its FY2025-26 Annual Report. The report details the company's transition into an integrated energy provider following the amalgamation of GSPC and GSPL effective May 1, 2026. For FY26, the company reported turnover of ₹24,198.00 crore, net profit of ₹2,298.55 crore, and an EPS of ₹24.50. The Board has recommended a dividend of ₹8.90 per equity share of face value ₹2, which is 53% higher than the previous year.

14th Annual General Meeting scheduled for Tuesday, September 29, 2026 via video conferencing.
Reported FY26 Turnover of ₹24,198.00 crore, EBITDA of ₹3,772.12 crore (15.59% margin), and Net Profit of ₹2,298.55 crore.
Proposed dividend of ₹8.90 per equity share (face value ₹2), up 53% compared to previous year.
Core CGD segment handled 8.69 MMSCMD volume across 839 CNG stations and >24.18 lakh PNG-D connections in FY26.

💡 Track voting resolutions and commentary during the AGM on September 29, 2026, alongside the upcoming Q2 FY27 operational performance post-merger.

Gujarat Energy Sets 70.66% : 29.34% Cost Apportionment for GTL Demerger

🟡 NEUTRAL ⭐ 3/10

M&A 📅 05 Sep 2026, 07:33 PM

Gujarat Energy Limited (formerly Gujarat Gas Limited) has issued a guidance note detailing the cost of acquisition apportionment following the demerger of its Gas Transmission Business into GSPL Transmission Limited (GTL). The total cost of acquisition for shares held prior to the July 2, 2026 record date will be apportioned 70.66% to Gujarat Energy Limited and 29.34% to GSPL Transmission Limited. GTL has allotted 31,27,43,617 equity shares of Rs 10 each in the ratio of 1:3 (1 share of GTL for every 3 shares of GEL).

Cost of acquisition apportioned at 70.66% for Gujarat Energy Limited and 29.34% for GSPL Transmission Limited
GTL allotted 31,27,43,617 equity shares of face value INR 10 each to eligible shareholders
Share entitlement ratio fixed at 1 GTL share (FV INR 10) for every 3 GEL shares (FV INR 2)
Demerger appointed date was 1 April 2025 with effective date as 1st May 2026

💡 Use the 70.66% to 29.34% cost ratio for computing capital gains tax obligations when selling GEL or newly allotted GTL shares; track listing timelines for GTL equity shares.

Gujarat Energy EVP Yogiraj Navathe Retires on Superannuation Effective Aug 29, 2026

🟡 NEUTRAL ⭐ 2/10

MANAGEMENT 📅 29 Aug 2026, 07:38 PM

Gujarat Energy Limited has informed exchanges about the cessation of Shri Yogiraj Navathe, Executive Vice President, as Senior Management Personnel effective August 29, 2026, after office hours. The departure is due to scheduled superannuation (retirement). This represents a routine personnel transition with no direct impact on operations or financials.

Shri Yogiraj Navathe ceases to be Senior Management Personnel / Executive Vice President.
Cessation is effective from August 29, 2026, after office hours.
Reason for cessation is normal superannuation.

💡 Track subsequent company announcements regarding any replacement or new executive management appointments.

Gujarat Energy: Fractional Share Proceeds Distributed Post-Merger Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Aug 2026, 08:08 PM

Gujarat Energy Limited (erstwhile Gujarat Gas Limited) informed the exchanges regarding email communications sent to eligible shareholders of GSPC and GSPL concerning fractional share entitlements under the Composite Scheme of Arrangement. The independent trustee, IDBI Trusteeship Services Limited, sold the consolidated fractional shares on July 20, 2026, at prevailing market prices. The company completed the distribution of net sale proceeds to eligible shareholders on August 7, 2026, after applicable TDS deductions. A total of 62,27,14,719 equity shares had been previously allotted on May 16, 2026, pursuant to the scheme effective May 1, 2026.

Scheme of Arrangement became effective on May 1, 2026, with 62,27,14,719 equity shares allotted on May 16, 2026.
35,20,17,714 equity shares allotted to GSPC shareholders and 27,06,97,005 shares to GSPL shareholders.
Independent trustee executed the sale of consolidated fractional shares on July 20, 2026.
Distribution of fractional entitlement net sale proceeds completed on August 7, 2026.

💡 Eligible shareholders of erstwhile GSPC and GSPL should check their registered bank accounts for the credit of fractional entitlement sale proceeds.

Gujarat Energy Sets Sept 11, 2026 as Dividend Record Date; 14th AGM on Sept 29

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 27 Aug 2026, 06:49 PM

Gujarat Energy Limited has scheduled its 14th Annual General Meeting (AGM) for Tuesday, September 29, 2026, via Video Conferencing. The company has fixed Friday, September 11, 2026, as the record date to determine shareholder eligibility for the FY2025-26 dividend. If approved at the AGM, the dividend payout will be completed on or before October 28, 2026. Remote e-voting will run from September 25 to September 28, 2026, with the cut-off date set as September 22, 2026.

14th AGM scheduled for Tuesday, September 29, 2026, at 3:00 PM IST
Record date for FY2025-26 dividend eligibility fixed as Friday, September 11, 2026
Dividend payout date slated on or before Wednesday, October 28, 2026, subject to AGM approval
Cut-off date for e-voting set as September 22, 2026, with voting between September 25 and 28, 2026

💡 Investors seeking dividend eligibility should ensure shares are held in their demat accounts prior to the record date of September 11, 2026.

Gujarat Energy Sets Sept 11, 2026 as Dividend Record Date; 14th AGM on Sept 29

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 27 Aug 2026, 06:47 PM

Gujarat Energy Limited (formerly Gujarat Gas Limited) has scheduled its 14th Annual General Meeting (AGM) for Tuesday, September 29, 2026, via video conferencing. The company has fixed Friday, September 11, 2026, as the record date to determine shareholder eligibility for the FY 2025-26 dividend. If approved at the AGM, the dividend will be disbursed on or before October 28, 2026. Remote e-voting will be open from September 25 to September 28, 2026, with a voting cut-off date of September 22, 2026.

Record date for payment of FY 2025-26 dividend is Friday, September 11, 2026
14th Annual General Meeting (AGM) to be held on Tuesday, September 29, 2026 at 3:00 PM IST via VC/OAVM
Dividend payout date is set on or before Wednesday, October 28, 2026, subject to AGM approval
Remote e-voting period runs from September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM) with cut-off on September 22, 2026

💡 Shareholders seeking dividend eligibility must hold shares as of the close of business on September 11, 2026; watch for the dispatch of the FY 2025-26 Annual Report and notice detailing the dividend per share amount.

Gujarat Energy Sets Sept 11, 2026 Record Date for FY26 Dividend; 14th AGM on Sept 29

🟡 NEUTRAL ⭐ 4/10

DIVIDEND 📅 27 Aug 2026, 06:45 PM

Gujarat Energy Limited has scheduled its 14th Annual General Meeting (AGM) for Tuesday, September 29, 2026, via Video Conferencing. The company has fixed Friday, September 11, 2026, as the record date to determine shareholder eligibility for the FY 2025-26 dividend. If approved at the AGM, the dividend payout will occur on or before Wednesday, October 28, 2026. Remote e-voting will run from September 25 to September 28, 2026, with a voting cut-off date of September 22, 2026.

14th AGM scheduled for Tuesday, September 29, 2026 at 3:00 PM IST via VC/OAVM
Record date for FY 2025-26 dividend fixed as Friday, September 11, 2026
Dividend payout date set on or before Wednesday, October 28, 2026, subject to AGM approval
Remote e-voting period open from September 25, 2026 (9:00 AM) to September 28, 2026 (5:00 PM)

💡 Investors seeking FY26 dividend eligibility must hold shares before the September 11, 2026 record date. Track AGM proceedings on September 29, 2026, for shareholder approval and subsequent payout updates.

CARE Reaffirms 'AAA/Stable/A1+' Rating for Gujarat Energy on Enhanced ₹12,836 Cr Bank Facilities

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 20 Aug 2026, 12:16 PM

CARE Ratings has reaffirmed the credit rating of Gujarat Energy Limited (erstwhile Gujarat Gas Limited) at 'CARE AAA; Stable / CARE A1+' for its bank facilities, which were enhanced from ₹2,900 crore to ₹12,836 crore following the consummation of its composite amalgamation scheme. The rating reflects the company's transformation into an integrated energy major, dominant CGD and gas trading presence, and a robust negative net debt position. As of March 31, 2026, GEL held cash and bank balances of ₹6,393 crore against a consolidated debt of ₹3,243 crore (of which ₹2,984 crore is held in subsidiary GSPC LNG Limited). FY26 consolidated revenue stood at ₹23,614 crore with a healthy PBILDT margin of 13.07%, despite sales volume moderation in CGD (8.69 MMSCMD) and trading (10.19 MMSCMD).

Bank facilities rated at 'CARE AAA; Stable / CARE A1+', enhanced from ₹2,900 crore to ₹12,836 crore post-merger.
Cash and bank balances stood at ₹6,393 crore against total consolidated debt of ₹3,243 crore as of March 31, 2026.
FY26 consolidated revenue reported at ₹23,614 crore with PBILDT margin of 13.07%.
Planned annual capex of ₹1,000-1,100 crore expected to be fully funded via internal accruals.

💡 Track volume recovery in the industrial CGD segment (particularly Morbi ceramic cluster) and the company's ability to pass on elevated spot RLNG procurement costs without dampening demand.

Gujarat Energy: TDS Intimation on Recommended Dividend of Rs 8.90 per Share

🟡 NEUTRAL ⭐ 2/10

DIVIDEND 📅 19 Aug 2026, 05:53 PM

Gujarat Energy Limited has issued a compliance communication to shareholders regarding Tax Deduction at Source (TDS) on the recommended dividend of Rs 8.90 per equity share (face value Rs 2) for FY 2025-26. The dividend was recommended by the Board on 30th May 2026 and is subject to shareholder approval at the forthcoming AGM. The filing details applicable withholding rates—standard 10% for resident individuals above Rs 10,000, and 20% for unlinked or invalid PANs—along with instructions for submitting exemption forms like Form 121 via KFin Technologies.

Dividend recommended at Rs 8.90 per equity share of face value Rs 2 each for FY 2025-26
Board approved dividend recommendation on 30th May 2026, subject to AGM approval
Standard resident individual TDS rate is 10% on dividend payouts exceeding Rs 10,000
Higher TDS rate of 20% applies to resident shareholders with invalid or inoperative PANs
Concessional forms (such as Form 121) must be submitted within 2 days post record date via KFin Technologies

💡 Eligible shareholders seeking lower or nil withholding tax should ensure their PAN is updated and submit exemption forms (Form 121/treaty documents) to RTA KFin Technologies before the cutoff date once the record date is declared.

Gujarat Energy Issues TDS Advisory for Recommended Dividend of ₹8.90 per Share

🟡 NEUTRAL ⭐ 3/10

DIVIDEND 📅 19 Aug 2026, 05:51 PM

Gujarat Energy Limited has issued an informational communication to shareholders regarding Tax Deducted at Source (TDS) on the recommended dividend of ₹8.90 per equity share (face value ₹2) for FY2025-26. Resident individuals will face 10% TDS if dividend income exceeds ₹10,000, while invalid or unlinked PAN will attract a higher rate of 20%. Eligible shareholders seeking nil or concessional withholding must submit relevant declarations (such as Form 121 or lower-tax certificates) via the KFin Technologies portal within two days post the record date.

Recommended dividend stands at ₹8.90 per equity share of face value ₹2
TDS rate of 10% applies to resident individuals if dividend exceeds ₹10,000 threshold
Higher TDS rate of 20% applicable for invalid, missing, or inoperative PANs
Concessional tax exemption forms (Form 121 / treaty documents) to be uploaded up to 2 days post record date

💡 Shareholders eligible for nil or lower TDS should submit Form 121 or relevant declarations via KFin Technologies before the cutoff date (two days post record date) to avoid 20% tax deduction.

Gujarat Energy Q1 FY27 Concall: PAT Up 78% to ₹998 Cr, Targets 75+ New CNG Stations in FY27

🟢 POSITIVE ⭐ 5/10

EARNINGS 📅 17 Aug 2026, 07:00 PM

Gujarat Energy Limited released its Q1 FY27 earnings conference call transcript, detailing strong post-merger integrated performance. Revenue from operations rose 63% YoY to ₹9,670 crore, while Profit After Tax (PAT) expanded 78% YoY to ₹998 crore. Total gas sales volume reached 15.66 mmscmd, driven by a 64% YoY jump in industrial PNG volumes to 7.17 mmscmd and a 13% YoY growth in CNG volumes to 3.76 mmscmd. Management guided for ₹1,100–1,200 crore in gas trading margins for FY27 and noted pending tax refund claims of approximately ₹900 crore resulting from unabsorbed merger losses.

Q1 FY27 Revenue grew 63% YoY to ₹9,670 crore and PAT increased 78% YoY to ₹998 crore.
Industrial PNG sales surged 64% YoY to 7.17 mmscmd, with Morbi ceramic cluster volumes rising from ~0.4 mmscmd in April 2026 to ~8 mmscmd by June 2026.
CNG volume reached 3.76 mmscmd across 844 stations, with plans to add >75 new CNG stations and upgrade ~70 in FY27.
Gas trading segment delivered earnings before tax of ₹726 crore (up 206% YoY), with full-year trading margin guidance of ₹1,100–1,200 crore.
Company expects around ₹900 crore in income tax refunds over the next year following revised returns for merger-related tax adjustments.

💡 Monitor the sustainability of Morbi industrial gas volumes against alternative fuel prices and track Q2 FY27 operational updates expected in mid-November 2026.

Gujarat Energy Submits Application for Reclassification of GSEG to Public Category

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Aug 2026, 08:31 PM

Gujarat Energy Limited has formally applied to the NSE and BSE on August 13, 2026, for the reclassification of Gujarat State Energy Generation Limited (GSEG) from the 'Promoter' category to 'Public Shareholder'. This follows the company's previous board-level intimations on August 3 and August 11, 2026. The process is governed by Regulation 31A of SEBI (LODR) Regulations and is currently awaiting stock exchange approval. This is a procedural change in shareholding classification and does not involve any immediate financial inflow or outflow.

Application for reclassification submitted to NSE and BSE on August 13, 2026
Follows two prior intimations dated August 3, 2026, and August 11, 2026
Entity involved is Gujarat State Energy Generation Limited (GSEG)
Process initiated under Regulation 31A of SEBI Listing Regulations, 2015

💡 Investors should monitor the stock exchange notifications for the final approval of this reclassification, which will officially move GSEG's holding to the public category.

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