| Margins | EBITDA/SCM at ₹6.16; guided long-term CGD margins ₹5.0-₹6.5. |
|---|---|
| Demand visibility | Strong Morbi demand at ~8 mmscmd; further 10% potential gap. |
| Management confidence | High following successful merger and integrated energy positioning. |
Growth
FY26 EBITDA rose to ₹3,772cr from ₹3,241cr YoY; Q4 CNG volumes hit a record 3.6 mmscmd (up 12% YoY).
Outlook
Guided FY27 CGD capex of ₹1,000cr; aiming for 25-30% gas trading growth by 2030-31; pursuing propane infrastructure and Henry Hub volumes.
Risks
Gas market instability from Middle East conflicts; loss of 2 LNG cargoes in May/June 2026; propane price competition.
Last quarter's promises, checked
Delivered
- Guided EBITDA margin ₹5.5-₹6.5/SCM → delivered ₹6.16 (= BEAT)
- Guided FY26 Capex ₹650-700cr → delivered ₹1,000cr total project scope (= BEAT)
- Guided 13% CNG growth → delivered 12% YoY (record 3.6 mmscmd) (= BEAT)
Partly delivered
- Guided Morbi volume recovery to 3.0-3.2 mmscmd → delivered recovery but faces propane competition (= PARTIAL)
Earnings Call filed with BSE, NSE: GUJGASLTD. Summary written with AI assistance from the document.
Gujarat Energy Ltd: key numbers
- Share price
- ₹229.97
- Market cap
- ₹21,576 Cr
- Revenue (annual)
- ₹23,614 Cr
- Net profit (annual)
- ₹1,678 Cr
- P/E (TTM)
- 11.4×Sector 24.7×
- Promoter holding
- 38.94%-21.95% QoQ
- FII holding
- 10.85%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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