Skip to content
thestock.space

As of 6 Nov 2026, Gagan Gases trades at 29.9× trailing earnings, above the industry P/E of 14.3×, and the shares are 52% below their 52-week high. Its ROCE of 5.5% is the lowest among the 7 largest Oil & Gas Refining & Marketing peers, and sales grew 40% a year over 3 years while net profit fell 58%. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹8.25 Cr, ranked 20th of 20 Oil & Gas Refining & Marketing companies by market cap; the shares fell 25% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹18.00
Day high
₹18.25
Day low
₹17.50
Prev. close
₹18.25
Volume
65

Health check

2 fair · 4 to check
  • ReturnsBehind

    −24.7% over a year, better than 0 of 7 peers.

  • Price tagPricier

    P/E 29.9 vs industry 14.3.

  • GrowthSteady

    Sales +39.7%, profit −57.8% a year over 3 years.

  • ProfitabilityWeak

    ROCE 5.5% vs peer median 20.5%.

  • Balance sheetFair

    Debt 0.11× equity, interest covered 7.2×, Piotroski 4 of 9.

  • Red flags3 to check

    Quarterly sales down 57.2% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Refining & Marketing

19 listed peers. Screen the industry

Small cap

₹8.25 Cr, #20 of 20 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹5 Cr · profit ₹0 Cr
Market cap
₹8.25 Cr
Small cap
P/E
29.9
Industry 14.3
Price to book
2.44
Peers 1.81
Dividend yield
0.00%
ROE
8.1%
Peers 17.3%
ROCE
5.5%
Peers 20.5%
Debt to equity
0.11
Debt ₹0.39 Cr
EPS (TTM)
₹0.61
OPM (TTM)
6.0%
Net margin 5.7%
Sales growth
−57.2%
Latest quarter vs a year ago
Profit growth
n/a
Year-ago quarter not reported
Price to sales
1.73
EV/EBITDA 25.9

Strengths and risks

Risks to check

  • Quarterly sales down 57.2% on a year ago.
  • P/E of 29.9 against an industry P/E of 14.3.
  • 52% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Gagan Gases

Gagan Gases Limited engages in the bottling and selling of LPG for commercial and industrial use in the private sector and markets in India. The company operates LPG bottling plant at Pithampur, as well as provides assistance to Reliance and Aegis Gas. It is also involved in the filling of LPG cylinders, and sale of LPG in its own cylinder. Gagan Gases Limited was incorporated in 1986 and is based in Indore, India.

Headquarters
Indore
Sector
Energy
ISIN
INE076D01016
Website
gagangases.com

Price range

52 weeks

₹11.90₹37.69

Today

₹17.50₹18.25
Avg volume (3M)
2.3K
1-year return
minus 24.7%
From 52-week high
minus 51.6%

Peers · Oil & Gas Refining & Marketing

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
RELIANCEReliance Industries1,320.00plus 0.50%17,86,28621.810.79.0%11.2%0.446.4%minus 10.8%
IOCIndian Oil Corporation146.25plus 1.21%2,06,5234.33.820.5%7.3%0.58−2.2%minus 14.6%
BPCLBharat Petroleum Corporation319.90plus 0.88%1,38,7898.73.826.4%3.4%0.62−1.2%minus 15.0%
HINDPETROHindustan Petroleum Corporation387.15plus 1.87%82,37957.44.223.3%1.2%1.400.2%minus 21.6%
PETRONETPetronet LNG317.000.00%47,55010.37.121.2%16.0%0.09−9.7%plus 13.0%
AEGISLOGAegis Logistics1,141.10minus 3.77%40,05330.126.714.2%20.9%0.51−1.3%plus 55.4%
MRPLMangalore Refinery & Petrochemicals175.67plus 1.12%30,7887.06.119.0%6.3%0.60−6.7%minus 1.2%
GAGANGagan Gases18.250.00%829.927.45.5%6.0%0.1139.7%minus 24.7%
Median of 7 peers–0.88%82,37910.36.120.5%7.3%0.58−1.3%−10.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1.61.71.80.50.7
1.71.61.70.50.7
−00.10.100
−0.4%4.7%8.2%7.3%2.7%
000.100
––000
−00.10.200
––25.3%––
−00.10.100
-0.010.180.300.090.04

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+39.7%
Profit CAGR 3Y
−57.8%
EPS CAGR 3Y
−57.8%
ROE
8.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2.22.15.76
–minus 3.5%+166.7%+6.0%
225.35.8
0.20.20.30.2
10.1%7.7%5.9%3.5%
0000
0000
0.10.10.10.1
2.3–0.10.1
2.50.10.30.2
24.0%32.2%23.3%24.4%
1.90.10.30.1
–minus 96.8%+343.4%minus 47.6%
4.130.130.590.31

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4.54.54.54.5
−1.5−1.5−1.2−1.1
0.40.40.40.4
0.80.20.20.2
4.13.63.94.1
0.70.60.50.5
2.52.60.52.8
10.42.90.7
4.13.63.94.1

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−00.10.3−0.1
0.10.1−0.10.1
−0.2−0−0−0
−0.10.20.2−0.1
––−0–
−00.10.3−0.1

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you