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Utilities

GAIL (India) Ltd.

  • 393.10 INR
  • +5.85
  • +1.51%
  • India
    Aug 17, 2018
  • Ticker
    BOM(532155)
  • Prev. close
    387.25
  • Market cap (INR)
    873,276M
  • Market cap (USD)
    12,422.80M
  • 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 2018 INRUSD
Revenue544,963.50M8,453.49M
Gross Profit107,958.30M1,674.65M
Operating income62,521.30M969.83M
Income before tax69,231.90M1,073.92M
Net income47,943.60M743.70M
EBITDA77,790.20M1,206.68M
Diluted EPS21.280.33
Dividends Per Share7.170.11
Total Assets613,341.40M9,403.94M
Total liabilities196,166.50M3,007.68M
Total equity416,785.70M6,390.29M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 614,897.50M 603,681.40M 520,525.10M 485,720.10M 544,963.50M
Gross Profit 76,372.20M 54,526.90M 43,984.40M 63,349.10M 107,958.30M
Operating income 61,083.10M 42,045.70M 34,096.50M 54,993.40M 62,521.30M
Income before tax 69,224.20M 44,923.60M 29,488.80M 57,573M 69,231.90M
Net income 47,862.20M 31,600.50M 18,692.20M 33,681.60M 47,943.60M
EBITDA 77,469.10M 56,310.50M 48,972M 70,351.30M 77,790.20M
Diluted EPS 21.22 14.01 6.21 14.93 21.28
Dividends Per Share 5.85 3.37 3.09 6.80 7.17
Total Assets 738,774.50M 759,570.50M 590,375.90M 592,190.70M 613,341.40M
Total liabilities 396,617.20M 401,760.80M 226,069.30M 198,811.80M 196,166.50M
Total equity 324,569.50M 340,226.70M 364,034.20M 393,048.90M 416,785.70M
Operating cash flow 40,254.60M 34,254.20M 38,812.30M 63,586.90M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 10,174.65M 9,873.19M 7,950.48M 7,243.38M 8,453.49M
Gross Profit 1,263.72M 891.78M 671.81M 944.70M 1,674.65M
Operating income 1,010.73M 687.65M 520.78M 820.09M 969.83M
Income before tax 1,145.44M 734.72M 450.41M 858.56M 1,073.92M
Net income 791.97M 516.82M 285.50M 502.28M 743.70M
EBITDA 1,281.87M 920.95M 747.99M 1,049.12M 1,206.68M
Diluted EPS 0.35 0.22 0.09 0.22 0.33
Dividends Per Share 0.09 0.05 0.04 0.10 0.11
Total Assets 12,370.12M 12,137.34M 8,915.03M 9,119.74M 9,403.94M
Total liabilities 6,641.00M 6,419.82M 3,413.78M 3,061.70M 3,007.68M
Total equity 5,434.62M 5,436.55M 5,497.13M 6,052.95M 6,390.29M
Operating cash flow 666.08M 560.22M 592.81M 948.25M --

Valuation Measures

Mar 2018
PER15.44
ROA7.95%
ROE11.84%
Operating margin11.47%
Profit margin8.79%

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 (53.0%)
  • Oil & Natural Gas Corp. Ltd. (4.8%)
  • Life Insurance Corp. of India (3.5%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.1%)
  • ICICI Prudential Asset Management Co. Ltd. (2.8%)
  • Indian Oil Corp. Ltd. (2.4%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.4%)
  • Matthews International Capital Management LLC (1.3%)
  • Norges Bank Investment Management (1.1%)
  • 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 Gas Ltd.
  • Gail Global Singapore Pte Ltd.

Competitors

    Last Updated on 17 Aug, 2018

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