Maharatna PSU Stocks to Buy: The stock of Gail (India) Ltd (NSE: GAIL), a Maharatna company in the gas transmission sector, is up by more than 1 percent in early trade on Friday (March 1). Global brokerage firm believes that this Maharatna PSU stock is ready for a long race.
Developments in the international market may impact the company’s margins. This makes shares attractive to buy. Investors in GAIL have gotten more than 80 percent returns in the last year.
GAIL: Will Touch ₹200 Level
Brokerage house has maintained a buy advisory on GAIL. The target price has also been raised from Rs 195 per share to Rs 210.
On 29 February 2024, the share price closed at Rs 182. This will allow the stock to rise by 10-11 percent over the current price.
In the last year, investors in GAIL have got more than 80 percent returns.
This PSU stock has jumped more than 50 percent in 6 months. The 52-week high of the stock is 187.80 and the low is 102.10. The market cap of the company on BSE is more than Rs 1.21 lakh crore.
GAIL: What Is The Brokerage’s Opinion?
Citi says that there has been a big decline in the prices of America’s Henry Hub. Prices have fallen from an average of $2.7/mmBtu in Q3 to now $1.5/mmBtu (Metric Million British Thermal Unit).
GAIL imports about 50 percent of natural gas from America. Input gas cost in the petrochemical segment is expected to reduce by $0.5. This will keep the realization stable.
The brokerage says that due to stable realization, Petchem’s EBITDA will improve. Trading EBITDA is also expected to increase.
The fall in spot LNG prices will also benefit. This update from the international market will have an impact on the company’s movements.
About Gail (India) Ltd Company
GAIL (India) Limited is an Indian natural gas distribution and processing company. It was established in 1984.
It’s involved in tasks of transmission, Electric power generation, and distribution. It holds a joint venture interest of Ratnagiri Gas and Power Pvt Ltd, Petronet LNG Ltd, and its CGD business.
Its segments include Natural Gas Marketing, Transmission Services, Liquid LPG Hydrocarbons, Petrochemicals as well as Other Segments.
Other segments include City Gas Distribution (CGD), Exploration and Production (E&P), and GAIL Tel along power generation.
The total operating revenues for the business is 144249.68 crores, while equity capital is 6575.10 crores.
Fundamental Analysis of Gail (India) Ltd
| Market Cap | ₹ 1,21,672 Cr. |
| Current Price | ₹ 185 |
| 52-wk High | ₹ 188 |
| 52-wk Low | ₹ 102 |
| Stock P/E | 15.1 |
| Book Value | ₹ 111 |
| Dividend | 2.91 % |
| ROCE | 9.76 % |
| ROE | 8.69 % |
| Face Value | ₹ 10.0 |
| P/B Value | 1.68 |
| OPM | 8.23 % |
| EPS | ₹ 12.3 |
| Debt | ₹ 17,951 Cr. |
| Debt to Equity | 0.25 |
Gail (India) Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹ 185 | ₹ 210 |
| 2025 | ₹ 215 | ₹ 245 |
| 2026 | ₹ 250 | ₹ 260 |
| 2027 | ₹ 265 | ₹ 275 |
| 2028 | ₹ 285 | ₹ 300 |
| 2029 | ₹ 315 | ₹ 345 |
| 2030 | ₹ 350 | ₹ 360 |
Gail (India) Ltd Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 51.91% |
| Mar 2023 | 51.91% |
| June 2023 | 51.91% |
| Sept 2023 | 51.91% |
| Dec 2023 | 51.90% |
| FII Holding | |
| Dec 2022 | 18.04% |
| Mar 2023 | 16.40% |
| June 2023 | 16.09% |
| Sept 2023 | 14.76% |
| Dec 2023 | 14.24% |
| DII Holding | |
| Dec 2022 | 15.97% |
| Mar 2023 | 17.93% |
| June 2023 | 18.06% |
| Sept 2023 | 19.14% |
| Dec 2023 | 19.37% |
| Govt. Holding | |
| Dec 2022 | 7.91% |
| Mar 2023 | 7.93% |
| June 2023 | 7.93% |
| Sept 2023 | 7.91% |
| Dec 2023 | 7.92% |
| Public Holding | |
| Dec 2022 | 6.18% |
| Mar 2023 | 5.83% |
| June 2023 | 6.01% |
| Sept 2023 | 6.30% |
| Dec 2023 | 6.58% |
Gail (India) Ltd Share: Last 5 Years’ Financial Condition
To better understand how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 76,190 Cr |
| 2020 | ₹ 72,518 Cr |
| 2021 | ₹ 57,372 Cr |
| 2022 | ₹ 92,770 Cr |
| 2023 | ₹ 133,679 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 6,553 Cr |
| 2020 | ₹ 9,515 Cr |
| 2021 | ₹ 6,143 Cr |
| 2022 | ₹ 12,304 Cr |
| 2023 | ₹ 8,071 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.05 |
| 2020 | 0.13 |
| 2021 | 0.13 |
| 2022 | 0.12 |
| 2023 | 0.25 |
Last 10 Years’ Profit Growth:
| 10 Years: | 3% |
| 5 Years: | 3% |
| 3 Years: | -16% |
| Current Year: | -4% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 13% |
| 5 Years: | 15% |
| 3 Years: | 14 % |
| Last Year: | 9% |
Sales Growth Over 10 Years:
| 10 Years: | 11% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| Current Year: | -4% |
Conclusion
This article is a complete guide about Gail (India) Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses.
Also, We have discussed the share’s prospects and growth potential in detail.
This information will help you in your further investment.
If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.
If you have any further queries, please comment below. We will be happy to answer all your questions.
If you like this information, share the article with as many people as possible.
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We provide timely updates about the stock market and financial products to help you make better investment choices. Do your research before any investment.
