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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.

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
₹185.45
Day high
₹186.66
Day low
₹183.52
Prev. close
₹185.99
Volume
78.1 L

Health check

3 good · 2 fair · 1 to 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.

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

Utilities - Regulated Gas

8 listed peers. Screen the industry

Large cap

₹1.2L Cr, the largest of 9 in its industry.

Defensive

Beta 0.50 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹1,59,087 Cr · profit ₹12,626 Cr
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.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

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

Price range

52 weeks

₹134.36₹188.90

Today

₹183.52₹186.66
Avg volume (3M)
76.8 L
1-year return
plus 2.4%
From 52-week high
minus 1.6%

Analyst consensus

30 analysts
BuyMean target ₹201.07 plus 8.2%

Target range, with today’s price

Low ₹162.00High ₹225.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Regulated Gas

Capital-heavy industry columns

Company
GAILGAIL (India)185.79minus 0.11%1,22,1589.712.89.1%11.6%0.25−0.9%plus 2.4%
ATGLAdani Total Gas575.40minus 1.07%63,28398.754.813.6%17.8%0.5310.4%minus 7.6%
GUJENERGYGUJARAT ENERGY216.18minus 3.77%20,2839.25.512.2%12.7%0.1712.1%minus 44.8%
IGLIndraprastha Gas141.97plus 0.86%19,87619.98.316.3%6.4%0.014.6%minus 34.5%
MGLMahanagar Gas1,129.60plus 2.13%11,15816.97.016.5%14.0%0.039.3%minus 12.5%
STEAMHOUSESteamhouse India131.87minus 0.45%3,64564.647.319.6%15.8%0.5515.9%plus 28.6%
IRMENERGYIRM Energy240.95plus 1.53%98911.57.47.8%13.1%0.072.8%minus 23.7%
RAJSECRajasthan Securities60.11minus 0.32%4626.94.389.3%−45.5%––plus 37.1%
Median of 7 peers–−0.32%11,15816.97.416.3%13.1%0.129.9%−12.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
35,31135,17335,57741,19847,139
31,64232,24634,12334,10040,148
3,6692,9271,4537,0986,992
10.4%8.3%4.1%17.2%14.8%
5666831,250475445
213254263319323
9931,1924749871,013
3,0292,1651,9666,2686,100
21.3%20.1%24.7%25.5%22.6%
2,3691,7561,4854,6654,720
3.602.672.267.107.18

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−0.9%
Profit CAGR 3Y
+10.5%
EPS CAGR 3Y
+10.6%
ROE
13.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,45,3251,32,8591,41,9021,41,598
–minus 8.6%+6.8%minus 0.2%
1,37,5501,18,0691,26,2681,30,248
7,77514,78915,63411,350
5.3%11.1%11.0%8.0%
2,6112,4012,7733,014
371726740964
2,7963,7114,0113,674
37.7−1582,440–
7,25612,59516,0969,725
22.9%21.4%22.6%22.0%
5,6169,89912,4507,582
–+76.3%+25.8%minus 39.1%
8.5215.0618.9311.53

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
6,5756,5756,5756,575
58,35270,42278,42282,475
17,81621,79421,59524,831
25,03725,92626,55626,656
1,07,7811,24,7171,33,1491,40,537
64,08975,67082,93289,477
17,52324,03828,52224,864
5,1068,7928,1349,366
8051,4642,4511,870
20,25814,75311,11014,960
1,07,7811,24,7171,33,1491,40,537

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
3,20512,58615,72711,249
−7,640−8,273−6,730−9,154
2,972−3,457−8,941−2,750
−1,46385556.4−655
−8,831−12,501−7,922−8,806
−5,62684.67,8052,442
−3,069−3,621−4,275−3,945

Shareholding pattern

Source: NSE filings
51.9%
promoters
  • Promoters51.85%
  • Public48.15%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202651.85%48.15%plus 0.06
30 Jun 202651.79%48.21%minus 0.09
31 Mar 202651.88%48.12%0.00
31 Dec 202551.88%48.12%0.00
30 Sep 202551.88%48.12%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you