GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 60255.50 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 15663.59 Crore, up 13.53 % from last quarter Sales of Rs 13796.29 Crore and down -12.41 % from last year same quarter Sales of Rs 17882.74 Crore. Company reported net profit after tax of Rs 1416.65 Crore in latest quarter.
Investment Rationale
The stock is trading at 8x FY23 EPS of INR16.6 and 5.1x FY23 EV/EBITDA. It values the stock at 8x FY23 EPS (~34% discount to LT average) and add investments (of INR39/share) to arrive at Target Price of INR165.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.2 per cent, DIIs 28 per cent and public and others 4 per cent.
