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GUJARAT ENERGY (GUJENERGY) had a P/E of 9.7× on 6 Nov 2026, below the industry P/E of 12.1×, and the shares are 51% below their 52-week high. It earns ROCE of 12% and ROE of 9.6%, and sales and net profit grew 12% and 9.7% a year over 3 years. Its dividend yield is 4.0%, and debt is 0.17× equity. It is a small-cap company with a market cap of ₹20,283 Cr, ranked 3rd of 9 Utilities (Regulated Gas) companies by market cap; the shares fell 45% over the past year.

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

past year
Open
₹222.40
Day high
₹222.40
Day low
₹213.08
Prev. close
₹224.64
Volume
15.5 L

Health check

3 good · 1 fair · 2 to check
  • ReturnsBehind

    −44.8% over a year, better than 0 of 7 peers.

  • Price tagCheaper

    P/E 9.7 vs industry 12.1.

  • GrowthStrong

    Sales +12.1%, profit +9.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 12.2% vs peer median 16.3%.

  • Balance sheetSolid

    Debt 0.17× equity, interest covered 10.7×, Piotroski 7 of 9.

  • Red flags2 to check

    51% below its 52-week high.

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

Utilities - Regulated Gas

8 listed peers. Screen the industry

Small cap

₹20,283 Cr, #3 of 9 in its industry by size.

Defensive

Beta 0.62 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹27,308 Cr · profit ₹2,430 Cr
Market cap
₹20,283 Cr
Small cap
P/E
9.7
Industry 12.1
Price to book
1.10
Peers 1.99
Dividend yield
3.96%
ROE
9.6%
Peers 13.6%
ROCE
12.2%
Peers 16.3%
Debt to equity
0.17
Debt ₹3,243 Cr
EPS (TTM)
₹22.36
Face value ₹2
OPM (TTM)
12.7%
Net margin 8.9%
Sales growth
+63.1%
Latest quarter vs a year ago
Profit growth
+69.8%
Latest quarter vs a year ago
Price to sales
0.74
EV/EBITDA 6.1

Strengths and risks

Strengths

  • Dividend yield of 3.96%.
  • Quarterly profit up 69.8% on a year ago.
  • Quarterly sales up 63.1% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • 51% below its 52-week high.
  • Promoter stake down from 60.9% to 38.9%.

Derived automatically from reported figures. Not a recommendation.

About GUJARAT ENERGY

Gujarat Energy Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations. The company also owns wind power generation assets…

Headquarters
Gandhinagar
Employees
964
Sector
Utilities
ISIN
INE844O01030

Price range

52 weeks

₹206.33₹443.75

Today

₹213.08₹222.40
Avg volume (3M)
18.5 L
1-year return
minus 44.8%
From 52-week high
minus 51.3%

Analyst consensus

27 analysts
BuyMean target ₹346.93 plus 60.5%

Target range, with today’s price

Low ₹231.00High ₹600.00

Today’s price ₹216.18 is below the lowest analyst target.

Next results expected around 20 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%20,2839.75.512.2%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 29.2%
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–−0.11%11,15816.98.316.3%13.1%0.167.0%−7.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
5,8513,7803,6585,7929,545
5,0143,3333,2115,1838,164
8374474476091,381
14.3%11.8%12.2%10.5%14.5%
17071.955.9180220
58.48.18.745.663
220134135224201
–––−147–
7283773593741,337
24.9%25.7%25.7%59.4%24.7%
588280267351999
6.284.063.883.7510.67

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+12.1%
Profit CAGR 3Y
+9.7%
EPS CAGR 3Y
−1.0%
ROE
9.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
16,66515,59727,49923,504
–minus 6.4%+76.3%minus 14.5%
14,22613,68823,73320,352
2,4391,9093,7653,153
14.6%12.2%13.7%13.4%
59.778.6474573
40.429.3289251
4284741,062899
−2.852.9−876−136
2,0281,5372,0122,441
24.6%25.6%−61.8%31.3%
1,5281,1444,1152,019
–minus 25.2%+259.8%minus 50.9%
22.2016.6143.9221.55

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
13813862.862.8
6,8907,58523,50018,376
1521503,1513,243
3,7473,8196,2965,864
10,92711,69233,01027,546
7,9428,23517,79413,987
1,0811,0111,278927
30.4135153117
6759166,1186,284
1,1991,3957,6676,231
10,92711,69233,01027,546

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,3751,6343,3702,721
−1,039−879−3,840−2,097
−678−514−892−417
658241−1,362206
−1,087−837−953−953
1,2897972,4171,767
−138−457−355−184

Shareholding pattern

Source: NSE filings
38.9%
promoters
  • Promoters38.94%
  • Public61.06%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202638.94%61.06%0.00
30 Jun 202638.94%61.06%0.00
16 May 202638.94%61.06%minus 21.95
31 Mar 202660.89%39.11%0.00
31 Dec 202560.89%39.11%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you