GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 66405.96 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 16185.41 Crore, up 1.91 % from last quarter Total Income of Rs 15882.82 Crore and down -14.26 % from last year same quarter Total Income of Rs 18878.35 Crore. Company reported net profit after tax of Rs 2042.14 Crore in latest quarter.
Investment Rationale
The brokerage values GAIL on the SoTP basis with a 5.8x blended target Sep’23E EV/EBITDA for the standalone business (unchanged) and investments at a 30% holdco discount to FV. Key risks: adverse commodity prices-margins, currency, regulations and outages.
Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of June 30, 2021, while FIIs held 16.8 per cent, DIIs 19.2 per cent and public and others 12.5 per cent.
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