Gail (india) Limited
GAIL, India's principal natural gas transmission and distribution company, was set up by the GoI in August 1984 to create natural gas transportation and distribution infrastructure for the development of the natural gas sector across the country. The...
Key Metrics
EPS
15.06
Current ratio
0.94
Debt/Equity
0.36
Debt/EBITDA
1.65
Interest coverage ratio
18.51
Operating Cashflow to total debt
0.45
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Majority ownership by the GoI and an experienced management team
Leadership position in the natural gas transmission business
Adequate gas tie-ups
Revenue risk mitigated by a regulated nature of natural gas transmission business and a diversified revenue stream
Strong financial profile, marked by increased scale of operations and a healthy capital structure
Liquidity: Strong
Cons
Material reduction in the shareholding of GoI
Higher-than-expected debt-funded capital expenditure (capex) plans, leading to pressure on the capital structure, thereby increasing the overall gearing above 1x
Material decline in profitability on sustained basis
Risk related to un-hedged USA LNG contract
Susceptibility to volatile commodity prices associated with petrochemicals, LPG and other liquid hydrocarbons
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About Gail (india) Limited bond.
This comprehensive profile covers key factual information about Gail (india) Limited. GAIL, India's principal natural gas transmission and distribution company, was set up by the GoI in August 1984 to create natural gas transportation and distribution infrastructure for the development of the natural gas sector across the country. The company’s activities range from natural gas transmission and distribution to processing (for fractionating LPG, propane, special boiling point [SBP] solvent, and pentane), transmission of LPG, production and marketing of petrochemicals like high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) and leasing bandwidth in telecommunications. Being the owner of the largest natural gas pipeline infrastructure in India, GAIL has leveraged its position to extend its presence in power, LNG regasification, CGD, and E&P through various equity and joint venture (JV) participations. Brief Financials (₹ crore) March 31, 2023 (A) March 31 EPS in Mar-2024 was 15.06. Current ratio in Mar-2024 was 0.94. Debt/Equity in Mar-2024 was 0.36. Debt/EBITDA in Mar-2024 was 1.65. Interest coverage ratio in Mar-2024 was 18.51. Operating Cashflow to total debt in Mar-2024 was 0.45. Total revenue for Mar-2025(E) was ₹180055.87. Net income for Mar-2025(E) stood at ₹9640.04. Total assets as of Mar-2024 were ₹124,735.01. Operating cash flow for Mar-2024 was ₹12,585.72. The company’s borrowing relationships include Central Bank of India (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), Union Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr). Peers and comparison entities consist of Gail (india) Limited, Adani Total Gas Limited, Gujarat Gas Limited, Indraprastha Gas Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Majority ownership by the GoI and an experienced management team; Leadership position in the natural gas transmission business; Adequate gas tie-ups; Revenue risk mitigated by a regulated nature of natural gas transmission business and a diversified revenue stream; Strong financial profile, marked by increased scale of operations and a healthy capital structure; Liquidity: Strong. Key risks include: Material reduction in the shareholding of GoI; Higher-than-expected debt-funded capital expenditure (capex) plans, leading to pressure on the capital structure, thereby increasing the overall gearing above 1x; Material decline in profitability on sustained basis; Risk related to un-hedged USA LNG contract; Susceptibility to volatile commodity prices associated with petrochemicals, LPG and other liquid hydrocarbons. Leadership team details include Sandeep Kumar Gupta (Chairman and Managing Director), Rakesh Kumar Jain (Chief Financial Officer and Executive Director), Rajeev Kumar Singhal (Executive Director and Director of Business Development), Deepak Gupta (Director of Projects), Ayush Gupta (Director of Human Resources), Sanjay Kumar (Director of Marketing), Asheesh Joshi (Government Nominee Director), Kushagra Mittal (Government Nominee Director), Anant Kumar Singh, IPS (Chief Vigilance Officer (CVO)). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.