GAIL (India) Ltd.

In the news

Indian subway boom promises smarter urban growth Dec 6, 2018
Nikkei Asia300 ends week lower amid geopolitical and trade tensions May 25, 2018
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 2022	INR	USD
Revenue	927,698.30M	12,450.71M
Gross Profit	147,011.30M	1,973.05M
Operating income	132,752M	1,781.67M
Income before tax	137,011.80M	1,838.84M
Net income	122,560.70M	1,644.89M
EBITDA	156,970.70M	2,106.71M
Diluted EPS	27.60	0.37
Dividends Per Share	10	0.13
Total Assets	965,594M	12,742.90M
Total liabilities	275,773.10M	3,639.36M
Total equity	641,142.80M	8,461.13M
Operating cash flow	96,435M	1,294.26M
	Currency in INR	Currency in USD

Historical Data

INR | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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 2018	Mar 2019	Mar 2020	Mar 2021	Mar 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
PER	5.64
ROA	13.80%
ROE	20.89%
Operating margin	14.30%
Profit margin	13.21%

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