Gujarat Gas Limited - Financial Data Insights

Gujarat Gas Limited - Financial Data Insights

  • Gujarat Gas Limited (GGL) is a government company, formerly Known as GSPC Distribution Networks Limited(GDNL).


  • The Company is engaged in the business and distribution of Natural gas in India and it's a Debt Free Company. Gujarat State Petronet holds 54.17 Percent of Stake in GGL.

 

  • GGL caters to its customers by providing CNG and PNG connections in domestic, Industrial, Commercial and Non commercial segments in the areas of South & Central Gujarat and Saurashtra.

 

  • India's largest player in City Gas Distribution with 27 CGD licenses across 43 districts in 6 states of Maharashtra, Gujarat, Rajasthan, Punjab, Haryana and Madhya Pradesh and One Union Territory of Dadra & Nagar Haveli.

 

  • GGL with more than 15.5 lakh households, over 13,000 commercial customers, 559 CNG stations, over 4000 industrial units and close to 30,000 kilometer of natural gas pipeline network.




Market Share:

  1. Domestic Connections - 24 Percent
  2. Commercial Connections - 41 Percent
  3. CNG Stations - 18 Percent
  4. Industrial Connections - 36 Percent

 


 


* Market Cap: Rs. 30,470 Cr (as on 07-12-2023)
* Debt Free & ICR(Interest Coverage Ratio): 58 Times
* Promoter Holding: 61%
* Cash Reserves in Balance Sheet: Rs.6,948 Crore (as on Sep, 2023)
* 5 Years ROE & ROCE: 29%
* DCF(Discounted Cash Flow) per Share: Rs.254
* 10 Yrs EPS Growth: 36%

 


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