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 See more articles on 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
Financial Highlights
| Mar 2021 | INR | USD |
| Revenue | 573,719.10M | 7,728.41M |
| Gross Profit | 68,805.40M | 926.85M |
| Operating income | 55,548M | 748.27M |
| Income before tax | 60,108.70M | 809.70M |
| Net income | 61,363.50M | 826.61M |
| EBITDA | 77,224M | 1,040.26M |
| Diluted EPS | 13.61 | 0.18 |
| Dividends Per Share | -- | -- |
| Total Assets | 813,849.60M | 11,131.28M |
| Total liabilities | 239,234.30M | 3,272.08M |
| Total equity | 531,823.40M | 7,273.91M |
| Operating cash flow | 91,683.90M | 1,235.04M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
| Revenue | 485,517.20M | 544,963.50M | 761,898.90M | 725,177M | 573,719.10M |
| Gross Profit | 63,304M | 76,631.20M | 95,246.70M | 82,139.90M | 68,805.40M |
| Operating income | 53,013.90M | 67,502.80M | 84,181.50M | 72,311M | 55,548M |
| Income before tax | 51,840.40M | 69,231.90M | 98,311.90M | 81,823.40M | 60,108.70M |
| Net income | 33,689.20M | 47,943.60M | 65,457.40M | 94,220.50M | 61,363.50M |
| EBITDA | 68,352.40M | 82,769M | 100,654.20M | 93,109.60M | 77,224M |
| Diluted EPS | 7.46 | 10.63 | 14.51 | 20.89 | 13.61 |
| Dividends Per Share | 3.40 | 3.58 | 4.01 | 6.40 | -- |
| Total Assets | 596,645.80M | 628,754.90M | 684,074M | 749,141.80M | 813,849.60M |
| Total liabilities | 198,746.40M | 203,116.10M | 197,929M | 220,366.70M | 239,234.30M |
| Total equity | 393,048.90M | 416,785.70M | 460,041M | 492,682.50M | 531,823.40M |
| Operating cash flow | 63,040.50M | 91,243.90M | 85,601.70M | 85,777M | 91,683.90M |
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
| Revenue | 7,240.35M | 8,453.49M | 10,893.18M | 10,227.30M | 7,728.41M |
| Gross Profit | 944.03M | 1,188.70M | 1,361.78M | 1,158.43M | 926.85M |
| Operating income | 790.57M | 1,047.10M | 1,203.57M | 1,019.81M | 748.27M |
| Income before tax | 773.07M | 1,073.92M | 1,405.60M | 1,153.97M | 809.70M |
| Net income | 502.39M | 743.70M | 935.87M | 1,328.80M | 826.61M |
| EBITDA | 1,019.31M | 1,283.91M | 1,439.09M | 1,313.14M | 1,040.26M |
| Diluted EPS | 0.11 | 0.16 | 0.20 | 0.29 | 0.18 |
| Dividends Per Share | 0.05 | 0.05 | 0.05 | 0.09 | -- |
| Total Assets | 9,188.35M | 9,640.27M | 9,874.75M | 9,902.56M | 11,131.28M |
| Total liabilities | 3,060.69M | 3,114.24M | 2,857.14M | 2,912.92M | 3,272.08M |
| Total equity | 6,052.95M | 6,390.29M | 6,640.79M | 6,512.54M | 7,273.91M |
| Operating cash flow | 940.10M | 1,415.37M | 1,223.88M | 1,209.72M | 1,235.04M |
Valuation Measures
| Mar 2021 | |
| PER | 9.95 |
| ROA | 7.85% |
| ROE | 11.97% |
| Operating margin | 9.68% |
| Profit margin | 10.69% |
Key executives
- Chairman, MD & Director-Human Resources: Manoj Jain
- Chief Financial Officer & Finance Director: A K Tiwari
- Finance Director & Executive Director: Rakesh Kumar Jain
- Secretary & Compliance Officer: Anil Kumar Jha
- Director & Marketing Director: E. S. Ranganathan
Shareholders
- Government of India (51.4%)
- Life Insurance Corp of India (6.9%)
- Oil & Natural Gas Corp. Ltd. (4.9%)
- ICICI Prudential Asset Management Co. Ltd. (2.6%)
- Indian Oil Corp. Ltd. (2.4%)
- HDFC Asset Management Co. Ltd. (Invt Mgmt) (1.9%)
- The Vanguard Group, Inc. (1.2%)
- SBI Funds Management Pvt Ltd. (1.1%)
- Franklin Templeton Asset Management (India) Pvt Ltd. (0.9%)
- BlackRock Fund Advisors (0.7%)
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
- Likhitha Infrastructure Ltd
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Last Updated on 22 Oct, 2021
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