Asia300

GAIL (India) Ltd.

India

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Jun 21, 2017
Prev close: 368.35
Jun 21, 2017
Market cap:
Market cap(USD):
622,991.56M
9,657.44M
Shares: 1,691.30M

Currency in INR

Company profile

Market(Ticker): BOM(532155)
Sector:
Industry:
Utilities
Gas Distributors
Full time employees: --

Business summary

GAIL (India) Ltd. engages in the exploration, production, processing, transmission, distribution, and marketing of natural gas. It operates through the following segments: Transmission Services, Natural Gas Marketing, Petrochemicals, Liquefied Petroleum Gas (LPG) and Liquid Hydrocarbons, and Other. The Transmission Services segment includes natural gas and LPG. The Natural Gas Marketing segment supplies of natural gas include fuel to power plants, feedstock for gas-based fertilizer plants, LPG extraction, and city gas distribution. The Petrochemicals segment manufactures and markets polymers polypropylene, linear low density polyethylene, and high density polyethylene from natural gas. The LPG and Liquid Hydrocarbons segment sells gas processing unit products such as LPG, propane, pentane, naphtha, and by-products of polymer plant. The Other segment includes GAIL TEL, exploration and production, city gas, and power generation. The company was founded on August 16, 1984 and is headquartered in New Delhi, India. ^

Company background

GAIL is India's largest natural gas provider. It is 56% owned by the government. The company is part of a consortium involved in two offshore exploration and production blocks in Myanmar. It also holds a participating interest in South East Asia Gas Pipeline, which is involved in a project for transporting gas from the blocks to China.

B.C. Tripathi has been GAIL's chairman and managing director since August 2009. He joined the company in 1984 following a brief stint at another state-run company, ONGC. Tripathi has been involved in several key gas pipeline projects. His tenure as chairman and managing director had been slated to end in July 2014, but the government gave him a five-year extension.

GAIL was established under the Ministry of Petroleum and Natural Gas in August 1984, when the country's gas industry was in its infancy. The aim was to create the necessary infrastructure for sustained development of natural gas. Originally called Gas Authority of India, the company was renamed GAIL (India) in November 2002. It now has 12 joint ventures and five subsidiaries, including operations in Singapore and the U.S. for pursuing overseas opportunities in such areas as liquefied natural gas and petrochemical trading.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 485,720.1M
Gross profit 92,580.4M
Operating income 50,511.8M
Income before tax 57,573M
Net income 33,681.6M
EBITDA 65,941.9M
Diluted EPS 19.91
Dividends per share --
Total assets 592,190.7M
Total liabilities 198,811.8M
Total equity 393,048.9M
Operating cash flow --

Currency in INR

Revenue 7,243.38M
Gross profit 1,380.62M
Operating income 753.26M
Income before tax 858.56M
Net income 502.28M
EBITDA 983.36M
Diluted EPS 0.29
Dividends per share --
Total assets 9,119.74M
Total liabilities 3,061.70M
Total equity 6,052.95M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 18.90
ROA 5.09%
ROE 9.01%
Operating margin 10.39%
Profit margin 6.93%

Key executive

  • Chairman & Managing Director: Bhuwan Chandra Tripathi
  • Executive Director & Finance Director: Subir Purkayastha
  • Secretary & Compliance Officer: Anil Kumar Jha
  • Chief Vigilance Officer: Rajesh Ranjan
  • Executive Director & Director-Projects: Ashutosh Karnatak

Share holders

  • Government of India(54.4%)
  • Life Insurance Corp. of India(8.3%)
  • Oil & Natural Gas Corp. Ltd.(4.8%)
  • Indian Oil Corp. Ltd.(2.4%)
  • Matthews International Capital Management LLC(1.8%)
  • HDFC Asset Management Co. Ltd.(1.3%)
  • Norges Bank Investment Management(1.1%)
  • Reliance Nippon Life Asset Management Ltd.(1.1%)
  • The Vanguard Group, Inc.(0.8%)
  • DSP BlackRock Investment Managers Pvt Ltd.(0.7%)

Address

  • Website: http://www.gailonline.com
  • Address: 16, Bhikaiji Cama Place, R. K. Puram, New Delhi, 110066, India
  • Phone: +91.11.26172580

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