GAIL (India) Ltd.

In the news

Indian subway boom promises smarter urban growth Dec 6, 2018
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GAIL India profit jumps after impairment charges hurt year-earlier finances May 24, 2018
India shares rebound as fall in US bond yields boosts risk asset demand May 24, 2018
US shale-based LNG gushes into Asia May 22, 2018

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 2020	INR	USD
Revenue	725,084.20M	10,225.99M
Gross Profit	119,324.10M	1,682.84M
Operating income	69,448.50M	979.44M
Income before tax	81,823.40M	1,153.97M
Net income	94,220.50M	1,328.80M
EBITDA	90,250.10M	1,272.81M
Diluted EPS	20.89	0.29
Dividends Per Share	--	--
Total Assets	749,141.80M	9,902.56M
Total liabilities	255,588.90M	3,378.51M
Total equity	492,682.50M	6,512.54M
Operating cash flow	85,777M	1,209.72M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	520,525.10M	485,517.20M	544,963.50M	761,898.90M	725,084.20M
Gross Profit	43,984.40M	63,304M	76,631.20M	95,246.70M	119,324.10M
Operating income	34,096.50M	53,013.90M	67,502.80M	84,181.50M	69,448.50M
Income before tax	29,488.80M	51,840.40M	69,231.90M	98,311.90M	81,823.40M
Net income	18,692.20M	33,689.20M	47,943.60M	65,457.40M	94,220.50M
EBITDA	48,972M	68,352.40M	82,769M	100,654.20M	90,250.10M
Diluted EPS	3.10	7.46	10.63	14.51	20.89
Dividends Per Share	1.54	3.40	3.58	4.01	--
Total Assets	590,375.90M	596,645.80M	628,754.90M	684,074M	749,141.80M
Total liabilities	226,069.30M	198,746.40M	203,116.10M	197,929M	255,588.90M
Total equity	364,034.20M	393,048.90M	416,785.70M	460,041M	492,682.50M
Operating cash flow	38,812.30M	63,040.50M	91,243.90M	85,601.70M	85,777M

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020
Revenue	7,950.48M	7,240.35M	8,453.49M	10,893.18M	10,225.99M
Gross Profit	671.81M	944.03M	1,188.70M	1,361.78M	1,682.84M
Operating income	520.78M	790.57M	1,047.10M	1,203.57M	979.44M
Income before tax	450.41M	773.07M	1,073.92M	1,405.60M	1,153.97M
Net income	285.50M	502.39M	743.70M	935.87M	1,328.80M
EBITDA	747.99M	1,019.31M	1,283.91M	1,439.09M	1,272.81M
Diluted EPS	0.04	0.11	0.16	0.20	0.29
Dividends Per Share	0.02	0.05	0.05	0.05	--
Total Assets	8,915.03M	9,188.35M	9,640.27M	9,874.75M	9,902.56M
Total liabilities	3,413.78M	3,060.69M	3,114.24M	2,857.14M	3,378.51M
Total equity	5,497.13M	6,052.95M	6,390.29M	6,640.79M	6,512.54M
Operating cash flow	592.81M	940.10M	1,415.37M	1,223.88M	1,209.72M

Valuation Measures

Mar 2020
PER	3.65
ROA	13.14%
ROE	19.77%
Operating margin	9.57%
Profit margin	12.99%

Key executives

Chairman & Managing Director: Manoj Jain
Chief Financial Officer & Finance Director: A K Tiwari
Secretary & Compliance Officer: Anil Kumar Jha
Director & Director-Human Resources: P. K. Gupta
Director & Marketing Director: E. S. Ranganathan

Shareholders

Government of India (51.7%)
Life Insurance Corp of India (5.1%)
Oil & Natural Gas Corp. Ltd. (4.8%)
HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.4%)
ICICI Prudential Asset Management Co. Ltd. (3.1%)
Indian Oil Corp. Ltd. (2.4%)
SBI Funds Management Pvt Ltd. (1.2%)
Franklin Templeton Asset Management (India) Pvt Ltd. (1.1%)
The Vanguard Group, Inc. (0.8%)
Kotak Mahindra Asset Management Co. Ltd. (0.8%)

Contact Details

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

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Competitors

Last Updated on 3 Jul, 2020