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Utilities

GAIL (India) Ltd.

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.

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 Other 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 Other Liquid Hydrocarbons segment sells gas processing unit products such as LPG, propane, pentane, naphtha, and by-products of polymer plant. The Other segment consists of 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.

Financial Highlights

Mar 2022 INRUSD
Revenue927,698.30M12,450.71M
Gross Profit147,011.30M1,973.05M
Operating income132,752M1,781.67M
Income before tax137,011.80M1,838.84M
Net income122,560.70M1,644.89M
EBITDA156,970.70M2,106.71M
Diluted EPS27.600.37
Dividends Per Share100.13
Total Assets965,594M12,742.90M
Total liabilities275,773.10M3,639.36M
Total equity641,142.80M8,461.13M
Operating cash flow96,435M1,294.26M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 544,963.50M 761,898.90M 725,177M 573,719.10M 927,698.30M
Gross Profit 76,631.20M 95,246.70M 82,139.90M 68,738.20M 147,011.30M
Operating income 67,502.80M 84,181.50M 72,311M 55,548.10M 132,752M
Income before tax 69,231.90M 98,311.90M 81,823.40M 60,108.70M 137,011.80M
Net income 47,943.60M 65,457.40M 94,220.50M 61,363.50M 122,560.70M
EBITDA 82,769M 100,654.20M 93,109.60M 77,224.10M 156,970.70M
Diluted EPS 10.63 14.51 20.89 13.61 27.60
Dividends Per Share 3.58 4.01 6.40 5 10
Total Assets 628,754.90M 684,074M 749,141.80M 810,098.90M 965,594M
Total liabilities 203,116.10M 197,929M 220,366.70M 235,483.60M 275,773.10M
Total equity 416,785.70M 460,041M 492,682.50M 531,823.40M 641,142.80M
Operating cash flow 91,243.90M 85,601.70M 85,777M 91,683.90M 96,435M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 8,453.49M 10,893.18M 10,227.30M 7,728.41M 12,450.71M
Gross Profit 1,188.70M 1,361.78M 1,158.43M 925.95M 1,973.05M
Operating income 1,047.10M 1,203.57M 1,019.81M 748.27M 1,781.67M
Income before tax 1,073.92M 1,405.60M 1,153.97M 809.70M 1,838.84M
Net income 743.70M 935.87M 1,328.80M 826.61M 1,644.89M
EBITDA 1,283.91M 1,439.09M 1,313.14M 1,040.26M 2,106.71M
Diluted EPS 0.16 0.20 0.29 0.18 0.37
Dividends Per Share 0.05 0.05 0.09 0.06 0.13
Total Assets 9,640.27M 9,874.75M 9,902.56M 11,079.98M 12,742.90M
Total liabilities 3,114.24M 2,857.14M 2,912.92M 3,220.78M 3,639.36M
Total equity 6,390.29M 6,640.79M 6,512.54M 7,273.91M 8,461.13M
Operating cash flow 1,415.37M 1,223.88M 1,209.72M 1,235.04M 1,294.26M

Valuation Measures

Mar 2022
PER5.64
ROA13.80%
ROE20.89%
Operating margin14.30%
Profit margin13.21%

Key executives

  • Chairman & Managing Director: Manoj Jain
  • Chief Financial Officer & Executive Director: Rakesh Kumar Jain
  • Secretary & Compliance Officer: Anil Kumar Jha
  • Director & Marketing Director: E. S. Ranganathan
  • Chief Vigilance Officer: Shubha Naresh Bhambhani

Shareholders

  • Government of India (52.1%)
  • Life Insurance Corporation of India (Investment Portfolio) (6.2%)
  • Oil & Natural Gas Corp. Ltd. (4.9%)
  • Indian Oil Corp. Ltd. (2.4%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.9%)
  • SBI Funds Management Pvt Ltd. (1.9%)
  • ICICI Prudential Asset Management Co. Ltd. (1.2%)
  • The Vanguard Group, Inc. (1.2%)
  • Norges Bank Investment Management (1.1%)
  • Franklin Templeton Asset Management (India) Pvt. Ltd. (0.8%)

Contact Details

  • Website:http://gailonline.com
  • Address: GAIL Bhawan, 16, Bhikaiji Cama Place, R. K. Puram, New Delhi, 110066, India
  • Phone: +91.11.26182955

Related Companies

  • Gail (India) Ltd. Employees Provident Fund Trust
  • Bengal Gas Co. Ltd.
  • Konkan LNG Pvt Ltd.
  • Carrizo Oil & Gas, Inc. /Eagle Ford Shale Assets/
  • Gail Global (USA) LNG LLC
  • GAIL Global (USA), Inc.
  • GAIL Gas Ltd.
  • GAIL Global (Singapore) Pte Ltd.
  • Tripura Natural Gas Co. Ltd.

Competitors

    Last Updated on 5 Aug, 2022

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