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Utilities

GAIL (India) Ltd.

  • 338.50 INR
  • +8.60
  • +2.61%
  • India
    Apr 20, 2018
  • Ticker
    BOM(532155)
  • Prev. close
    329.90
  • Market cap (INR)
    743,947.93M
  • Market cap (USD)
    11,265.75M
  • Shares
    2,255.07M

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 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.

Financial Highlights

Mar 2017 INRUSD
Revenue485,720.10M7,243.38M
Gross Profit63,349.10M944.70M
Operating income54,993.40M820.09M
Income before tax57,573M858.56M
Net income33,681.60M502.28M
EBITDA70,351.30M1,049.12M
Diluted EPS14.930.22
Dividends Per Share6.800.10
Total Assets592,190.70M9,119.74M
Total liabilities198,811.80M3,061.70M
Total equity393,048.90M6,052.95M
Operating cash flow63,586.90M948.25M
Currency in INRCurrency in USD

Historical Data

 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 507,720M 614,897.50M 603,681.40M 520,525.10M 485,720.10M
Gross Profit 73,294.90M 76,372.20M 54,526.90M 43,984.40M 63,349.10M
Operating income 63,078.10M 61,083.10M 42,045.70M 34,096.50M 54,993.40M
Income before tax 65,578.50M 69,224.20M 44,923.60M 29,488.80M 57,573M
Net income 43,736M 47,862.20M 31,600.50M 18,692.20M 33,681.60M
EBITDA 76,261M 77,469.10M 56,310.50M 48,972M 70,351.30M
Diluted EPS 19.39 21.22 14.01 6.21 14.93
Dividends Per Share 5.40 5.85 3.37 3.09 6.80
Total Assets 661,507.80M 738,774.50M 759,570.50M 590,375.90M 592,190.70M
Total liabilities 358,995M 396,617.20M 401,760.80M 226,069.30M 198,811.80M
Total equity 287,946.60M 324,569.50M 340,226.70M 364,034.20M 393,048.90M
Operating cash flow 62,239.70M 40,254.60M 34,254.20M 38,812.30M 63,586.90M
 Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017
Revenue 9,328.72M 10,174.65M 9,873.19M 7,950.48M 7,243.38M
Gross Profit 1,346.70M 1,263.72M 891.78M 671.81M 944.70M
Operating income 1,158.98M 1,010.73M 687.65M 520.78M 820.09M
Income before tax 1,204.92M 1,145.44M 734.72M 450.41M 858.56M
Net income 803.59M 791.97M 516.82M 285.50M 502.28M
EBITDA 1,401.20M 1,281.87M 920.95M 747.99M 1,049.12M
Diluted EPS 0.35 0.35 0.22 0.09 0.22
Dividends Per Share 0.09 0.09 0.05 0.04 0.10
Total Assets 12,171.25M 12,370.12M 12,137.34M 8,915.03M 9,119.74M
Total liabilities 6,605.24M 6,641.00M 6,419.82M 3,413.78M 3,061.70M
Total equity 5,298.00M 5,434.62M 5,436.55M 5,497.13M 6,052.95M
Operating cash flow 1,143.57M 666.08M 560.22M 592.81M 948.25M

Valuation Measures

Mar 2017
PER18.90
ROA5.69%
ROE8.89%
Operating margin11.32%
Profit margin6.93%

Key executives

  • Chairman & Managing Director: Bhuwan Chandra Tripathi
  • Chief Financial Officer & Executive Director: Subir Purkayastha
  • Secretary & Compliance Officer: Anil Kumar Jha
  • Director & Director-Human Resources: P. K. Gupta
  • Director & Marketing Director: Gajendra Singh

Shareholders

  • Government of India (53.5%)
  • Oil & Natural Gas Corp. Ltd. (4.8%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.2%)
  • Indian Oil Corp. Ltd. (2.4%)
  • ICICI Prudential Asset Management Co. Ltd. (2.1%)
  • Life Insurance Corp. of India (2.0%)
  • Matthews International Capital Management LLC (1.3%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.2%)
  • Norges Bank Investment Management (1.2%)
  • BlackRock Fund Advisors (0.9%)

Contact Details

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

Related Companies

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  • Gail Global Singapore Pte Ltd.

Competitors

    Last Updated on 20 Apr, 2018

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