1. Utilities

  2. •

    Regulated Gas
GAIL (India) Limited

GAIL (India) Limited

GAID.L
GAIL (India) LimitedGB flagLondon Stock Exchange
8.10
INR
+0.15
- -
GAIL (India) Limited
GAID.L
(London Stock Exchange)

Recent

price

8.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
312.11
389.56
450.21
545.43
535.4
459.9
429.74
482.1
672.86
641.71
507.09
833.55
1,322.31
1,212.38
1,294.57
1,291.89
1,300.25
Revenue per Share
35.66
39.41
38.79
42.45
28.03
16.58
29.87
42.56
58.05
83.56
54.45
110.41
51.1
90.33
113.58
69.18
106.19
Basic EPS, GAAP
-23.39
-42.01
-21.17
-5.81
11.75
22.17
35.32
47.6
1.67
-8.14
29.25
22.06
-51.19
0.77
71.21
22.28
- -
Free Cash Flow per Basic Share
- -
11.11
12.68
13.3
11.81
7.45
15.64
18.68
18.52
35.13
19.86
35.99
27.93
33.04
39.01
35.99
- -
Dividend per Share
155.19
179.93
11.25
11.25
11.25
11.25
261.54
286.7
321.03
381.27
410.96
484.62
534.51
590.87
669.36
59.99
- -
Book Value per Share
190.98
226.91
261.77
296.69
321.09
314
340.23
360.56
395.89
421.05
452.32
556.43
566.42
668.5
746.9
783.05
- -
Tangible Book Value per Share
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,128
1,127
1,110
1,099
1,096
1,096
1,096
1,096
Basic Weighted Avg Shares
351,916
439,247
507,632
614,988
603,681
518,553
484,546
543,581
758,677
723,550
571,518
925,320
1,453,246
1,328,586
1,419,017
1,415,977
1,424,746
Sales/Revenue/Turnover
15.96
14.12
12.31
10.38
7.1
6.27
11.1
12.35
11
9.87
9.55
14.2
3.43
8.34
8.19
5.42
7.48
Operating Margin (%)
8,243
10,561
13,705
16,715
14,663
14,956
15,430
15,275
16,666
20,802
21,676
24,219
27,960
37,115
37,992
38,351
36,398
Depreciation Expense
40,210
44,436
43,736
47,862
31,600
18,692
33,682
47,991
65,457
94,220
61,364
122,561
56,160
98,992
124,498
75,825
116,361
Net Income, GAAP
31.14
30.75
34.18
31.71
31.63
37.01
34.9
30.66
33.35
8.77
20.49
20.43
22.88
21.38
22.57
22.04
22.31
Effective Tax Rate (%)
11.43
10.12
8.62
7.78
5.23
3.6
6.95
8.83
8.63
13.02
10.74
13.25
3.86
7.45
8.77
5.35
8.17
Profit Margin (%)
2,654
-15,599
-16,434
16,319
2,606
-5,547
850
-2,979
3,886
-8,193
-13,100
12,138
-11,803
-13,687
-3,978
-35,197
- -
Working Capital
58,238
93,410
131,684
160,608
78,876
58,648
31,798
11,186
10,278
38,659
56,907
64,700
99,974
151,374
150,190
175,311
- -
LT Debt
217,611
258,965
302,513
342,157
373,163
364,306
393,379
417,175
460,500
493,553
532,798
643,055
651,070
771,958
852,405
892,917
- -
Total Equity
14.98
13.11
9.78
8.77
5.94
4.61
7.92
10.32
11.95
12.48
7.4
15.54
4.91
9.59
8.75
5.41
- -
Return on Invested Capital (%)
18.4
16.18
17.75
25.59
22.7
25.54
16.96
14.12
17.96
21.75
12.02
21.05
8.46
12.8
14.3
13.14
59.15
Return on Capital (%)
23.13
23.52
40.58
377.32
249.12
147.36
21.9
15.53
19.11
23.8
13.74
24.48
9.98
16.03
18.03
18.97
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
65,764
- -
LT Borrowings
- -
107,810
- -
LT Finance Leases
- -
42,380
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
6,575
- -
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
215,017
- -
Cash, Cash Equivalents & STI
- -
24,510
- -
Accounts Receivable, Net
- -
94,364
- -
Inventories
- -
62,499
- -
Total Current Liabilities
- -
218,995
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
65,764
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.52%
11.14%
4.75%
Free Cash Flow
755.72%
1,721.19%
-68.71%
Net Income, GAAP
27.66%
21.7%
-39.1%
Sales/Revenue/Turnover
13.65%
23.4%
-0.21%
Total Cash Common Dividend
25.83%
16.73%
-7.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
327,886
329,857
346,978
323,864
1,328,586
2025
347,378
338,889
368,347
364,403
1,419,017
2026
353,107
351,734
355,766
- -
1,415,977

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
16.38
22.32
29.16
- -
90.33
2025
29.04
24.6
37.26
22.74
113.58
2026
21.6
16.02
13.56
- -
69.18

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
33.04
2025
- -
- -
- -
- -
39.01
2026
- -
- -
- -
- -
35.99
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Business
GAIL (India) Limited GAIL (India) Limited is India's largest state-owned natural gas processing and distribution company, operating across the full natural gas value chain including transmission, marketing, processing, LNG sourcing and regasification, petrochemical production, city gas distribution, LPG transmission and production, upstream exploration and production, and renewable energy initiatives. The company owns and operates approximately 16,421 km of natural gas pipelines commanding 65% market share in transmission; markets natural gas with 47% domestic share supplying two-thirds to fertilizers and 45% to power plants; produces LPG and liquid hydrocarbons at five gas processing units with 1,425 KTA capacity and 10% LPG production share; transmits LPG via 2,040 km network including the 1,427 km Jamnagar-Loni pipeline; manufactures polymers like polyethylene and polypropylene at Pata (810 KTA) and Brahmaputra Cracker & Polymer Limited (280 KTA) with 15% petrochemical sales share, alongside upcoming polypropylene at Usar and Pata under G-Pol brand and purified terephthalic acid via GAIL Mangalore Petrochemicals Limited under G-Tex; sources 16.55 MMTPA LNG portfolio from the US, Qatar and Australia with five owned vessels and charters; leads city gas distribution through eight joint ventures and three subsidiaries authorized in 72 geographical areas serving 9.71 million PNG customers and over 3,100 CNG stations with 54% market share; holds stakes in 13 E&P blocks including in India, Myanmar and US shale; and operates 145 MW renewable capacity plus a 10 MW green hydrogen plant at Vijaipur and compressed biogas initiatives. GAIL (India) Limited, founded in 1984 and headquartered in New Delhi, primarily serves power, fertilizer, industrial, transport and residential sectors across India with international LNG trading and sourcing presence in the US, Singapore, Qatar, Australia and Myanmar. In recent developments, the company signed a 10-year LNG sales agreement with ADNOC Gas in November 2024 and a multi-year deal with Vitol in July 2025; extended a 15-year gas supply pact with Oil India Limited in July 2025 for up to 900,000 SCMD from Rajasthan fields and formed a strategic MoU with Oil India in September 2025; agreed to acquire 49% equity in Leafiniti Bioenergy in August 2025 for compressed biogas projects; approved Rs 5,364 crore expansion of Jamnagar-Loni LPG pipeline capacity to 6.5 MMTPA by 2028 in September 2025; re-engaged INEOS for revival of its Mangalore PTA plant in November 2024; entered a 14-year LNG carrier time charter in May 2024; commissioned its first CBG plant in Ranchi in 2024 with TruAlt Bioenergy partnership for ten more; implemented SAP S/4 HANA on i-Cloud for digital transformation; and allocated Rs 12,000 crore capex for FY27 targeting pipelines, petrochemicals, city gas, E&P and net-zero initiatives including Rs 1,200 crore for green efforts.