GAIL (India) (GAIL) had a P/E of 9.7× on 6 Nov 2026, below the industry P/E of 12.1×. Sales fell 0.9% a year over 3 years while net profit grew 11%; its ROCE of 9.1% is the second-lowest among the 7 largest Utilities (Regulated Gas) peers. Debt is 0.25× equity, and its dividend yield is 3.0%. It is a large-cap company with a market cap of ₹1.2 lakh crore, the largest of 9 Utilities (Regulated Gas) companies by market cap; the shares rose 2.4% over the past year.
- ₹185.45
- ₹186.66
- ₹183.52
- ₹185.99
- 78.1 L
Health check
- ReturnsAhead
+2.4% over a year, better than 5 of 7 peers.
- Price tagCheaper
P/E 9.7 vs industry 12.1.
- GrowthSteady
Sales −0.9%, profit +10.5% a year over 3 years.
- ProfitabilityWeak
ROCE 9.1% vs peer median 16.3%.
- Balance sheetFair
Debt 0.25× equity, interest covered 11.1×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Large cap
Defensive
Key metrics
- Market cap
- ₹1.2L Cr
- Large cap
- P/E
- 9.7
- Industry 12.1
- Price to book
- 1.26
- Peers 1.99
- Dividend yield
- 2.96%
- ROE
- 13.6%
- Peers 13.3%
- ROCE
- 9.1%
- Peers 16.3%
- Debt to equity
- 0.25
- Debt ₹24,192 Cr
- EPS (TTM)
- ₹19.20
- Face value ₹10
- OPM (TTM)
- 11.6%
- Net margin 7.9%
- Sales growth
- +32.6%
- Latest quarter vs a year ago
- Profit growth
- +139.3%
- Latest quarter vs a year ago
- Price to sales
- 0.77
- EV/EBITDA 7.9
Strengths and risks
Strengths
- Dividend yield of 2.96%.
- Quarterly profit up 139.3% on a year ago.
- Quarterly sales up 32.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
About GAIL (India)
GAIL (India) Limited operates as a natural gas processing and distribution company in India and internationally. It operates through Transmission Services, Natural Gas Marketing, Petrochemicals, LPG and Other Liquid Hydrocarbons, and Other segments. The company is involved in the transmission and marketing of natural gas through pipelines to the power, fertilizer, industrial, automotive, petrochemical, domestic, and commercial sectors; exploration and…
- Headquarters
- New Delhi
- Employees
- 5,356
- Sector
- Utilities
- ISIN
- INE129A01019
- Website
- gailonline.com
Price range
- Avg volume (3M)
- 76.8 L
- 1-year return
- plus 2.4%
- From 52-week high
- minus 1.6%
Analyst consensus
Next results expected around 28 Jan 2027
Peers · Utilities - Regulated Gas
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| GAILGAIL (India) | 185.79 | minus 0.11% | 1,22,158 | 9.7 | 12.8 | 9.1% | 11.6% | 0.25 | −0.9% | plus 2.4% |
| ATGLAdani Total Gas | 575.40 | minus 1.07% | 63,283 | 98.7 | 54.8 | 13.6% | 17.8% | 0.53 | 10.4% | minus 7.6% |
| GUJENERGYGUJARAT ENERGY | 216.18 | minus 3.77% | 20,283 | 9.2 | 5.5 | 12.2% | 12.7% | 0.17 | 12.1% | minus 44.8% |
| IGLIndraprastha Gas | 141.97 | plus 0.86% | 19,876 | 19.9 | 8.3 | 16.3% | 6.4% | 0.01 | 4.6% | minus 34.5% |
| MGLMahanagar Gas | 1,129.60 | plus 2.13% | 11,158 | 16.9 | 7.0 | 16.5% | 14.0% | 0.03 | 9.3% | minus 12.5% |
| STEAMHOUSESteamhouse India | 131.87 | minus 0.45% | 3,645 | 64.6 | 47.3 | 19.6% | 15.8% | 0.55 | 15.9% | plus 28.6% |
| IRMENERGYIRM Energy | 240.95 | plus 1.53% | 989 | 11.5 | 7.4 | 7.8% | 13.1% | 0.07 | 2.8% | minus 23.7% |
| RAJSECRajasthan Securities | 60.11 | minus 0.32% | 462 | 6.9 | 4.3 | 89.3% | −45.5% | – | – | plus 37.1% |
| Median of 7 peers | – | −0.32% | 11,158 | 16.9 | 7.4 | 16.3% | 13.1% | 0.12 | 9.9% | −12.5% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 35,311 | 35,173 | 35,577 | 41,198 | 47,139 | |
| 31,642 | 32,246 | 34,123 | 34,100 | 40,148 | |
| 3,669 | 2,927 | 1,453 | 7,098 | 6,992 | |
| 10.4% | 8.3% | 4.1% | 17.2% | 14.8% | |
| 566 | 683 | 1,250 | 475 | 445 | |
| 213 | 254 | 263 | 319 | 323 | |
| 993 | 1,192 | 474 | 987 | 1,013 | |
| 3,029 | 2,165 | 1,966 | 6,268 | 6,100 | |
| 21.3% | 20.1% | 24.7% | 25.5% | 22.6% | |
| 2,369 | 1,756 | 1,485 | 4,665 | 4,720 | |
| 3.60 | 2.67 | 2.26 | 7.10 | 7.18 |
Profit & loss
- Sales CAGR 3Y
- −0.9%
- Profit CAGR 3Y
- +10.5%
- EPS CAGR 3Y
- +10.6%
- ROE
- 13.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,45,325 | 1,32,859 | 1,41,902 | 1,41,598 | |
| – | minus 8.6% | +6.8% | minus 0.2% | |
| 1,37,550 | 1,18,069 | 1,26,268 | 1,30,248 | |
| 7,775 | 14,789 | 15,634 | 11,350 | |
| 5.3% | 11.1% | 11.0% | 8.0% | |
| 2,611 | 2,401 | 2,773 | 3,014 | |
| 371 | 726 | 740 | 964 | |
| 2,796 | 3,711 | 4,011 | 3,674 | |
| 37.7 | −158 | 2,440 | – | |
| 7,256 | 12,595 | 16,096 | 9,725 | |
| 22.9% | 21.4% | 22.6% | 22.0% | |
| 5,616 | 9,899 | 12,450 | 7,582 | |
| – | +76.3% | +25.8% | minus 39.1% | |
| 8.52 | 15.06 | 18.93 | 11.53 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,575 | 6,575 | 6,575 | 6,575 | |
| 58,352 | 70,422 | 78,422 | 82,475 | |
| 17,816 | 21,794 | 21,595 | 24,831 | |
| 25,037 | 25,926 | 26,556 | 26,656 | |
| 1,07,781 | 1,24,717 | 1,33,149 | 1,40,537 | |
| 64,089 | 75,670 | 82,932 | 89,477 | |
| 17,523 | 24,038 | 28,522 | 24,864 | |
| 5,106 | 8,792 | 8,134 | 9,366 | |
| 805 | 1,464 | 2,451 | 1,870 | |
| 20,258 | 14,753 | 11,110 | 14,960 | |
| 1,07,781 | 1,24,717 | 1,33,149 | 1,40,537 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3,205 | 12,586 | 15,727 | 11,249 | |
| −7,640 | −8,273 | −6,730 | −9,154 | |
| 2,972 | −3,457 | −8,941 | −2,750 | |
| −1,463 | 855 | 56.4 | −655 | |
| −8,831 | −12,501 | −7,922 | −8,806 | |
| −5,626 | 84.6 | 7,805 | 2,442 | |
| −3,069 | −3,621 | −4,275 | −3,945 |
Shareholding pattern
- Promoters51.85%
- Public48.15%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 51.85% | 48.15% | plus 0.06 | |
| 30 Jun 2026 | 51.79% | 48.21% | minus 0.09 | |
| 31 Mar 2026 | 51.88% | 48.12% | 0.00 | |
| 31 Dec 2025 | 51.88% | 48.12% | 0.00 | |
| 30 Sep 2025 | 51.88% | 48.12% | – |
Major shareholders
Filings & events
News
No recent news coverage found.