Asia300

GAIL (India) Ltd.

India

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Mar 23, 2017
Prev close: 376.85
Mar 23, 2017
Market cap:
Market cap(USD):
637,367.62M
9,724.12M
Shares: 1,691.30M

Currency in INR

Company profile

Market(Ticker): BOM(532155)
Sector:
Industry:
Utilities
Gas Distributors
Full time employees: 22,529

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 2016

  • Local currency
  • US Dollar
Revenue 544,864M
Gross profit 42,897.9M
Operating income 29,836.1M
Income before tax 30,922.4M
Net income 22,516.2M
EBITDA 48,264.6M
Diluted EPS 13.31
Dividends per share 4.12
Total assets 730,838.1M
Total liabilities 360,244.1M
Total equity 353,962.4M
Operating cash flow 51,961.9M

Currency in INR

Revenue 8,322.24M
Gross profit 655.22M
Operating income 455.71M
Income before tax 472.30M
Net income 343.91M
EBITDA 737.19M
Diluted EPS 0.20
Dividends per share 0.06
Total assets 11,036.09M
Total liabilities 5,439.90M
Total equity 5,345.04M
Operating cash flow 793.66M

Currency in USD

Valuation measures

Mar 2016

PER 20.07
ROA 3.02%
ROE 6.48%
Operating margin 5.47%
Profit margin 4.13%

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(56.1%)
  • Life Insurance Corp. of India(9.9%)
  • Oil & Natural Gas Corp. Ltd.(4.8%)
  • Indian Oil Corp. Ltd.(2.4%)
  • Matthews International Capital Management LLC(1.8%)
  • Reliance Nippon Life Asset Management Ltd.(1.4%)
  • Norges Bank Investment Management(1.1%)
  • The Vanguard Group, Inc.(0.7%)
  • HDFC Asset Management Co. Ltd.(0.7%)
  • Hermes Investment Management 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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