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Utilities

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

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 2021 INRUSD
Revenue573,719.10M7,728.41M
Gross Profit68,805.40M926.85M
Operating income55,548M748.27M
Income before tax60,108.70M809.70M
Net income61,363.50M826.61M
EBITDA77,224M1,040.26M
Diluted EPS13.610.18
Dividends Per Share----
Total Assets813,849.60M11,131.28M
Total liabilities239,234.30M3,272.08M
Total equity531,823.40M7,273.91M
Operating cash flow91,683.90M1,235.04M
Currency in INRCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 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 2017Mar 2018Mar 2019Mar 2020Mar 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
PER9.95
ROA7.85%
ROE11.97%
Operating margin9.68%
Profit margin10.69%

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
Last Updated on 22 Oct, 2021

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