Gujarat Gas Ltd., incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 29383.93 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 2885.70 Crore, up 12.73 % from last quarter Sales of Rs 2559.91 Crore and up 12.54 % from last year same quarter Sales of Rs 2564.25 Crore Company reported net profit after tax of Rs 392.18 Crore in latest quarter.
Investment Rationale
Assuming similar volume growth potential of ~10% in the medium term, GUJGA (at 17x FY23E EPS) trades at a 37% discount to IGL (at 27x FY23E EPS)
Promoter/FII Holdings
Promoters held 60.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 9 per cent, DIIs 7.3 per cent and public and others 22.8 per cent.
