Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.55 | 0.60 | 0.64 | 1.34 | 1.43 | 1.86 | 1.05 | 0.86 | 1.65 | 1.71 | 1.81 | 0.53 |
| Expenses | 0.50 | 0.52 | 0.56 | 1.34 | 1.33 | 1.74 | 0.93 | 0.91 | 1.64 | 1.61 | 1.65 | 0.48 |
| Operating Profit | 0.05 | 0.08 | 0.08 | 0.00 | 0.10 | 0.12 | 0.12 | -0.05 | 0.01 | 0.10 | 0.16 | 0.05 |
| OPM % | 9.09% | 13.33% | 12.50% | 0.00% | 6.99% | 6.45% | 11.43% | -5.81% | 0.61% | 5.85% | 8.84% | 9.43% |
| Other Income | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 |
| Interest | 0.00 | 0.00 | 0.04 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Depreciation | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 |
| Profit before tax | 0.03 | 0.06 | 0.05 | -0.02 | 0.08 | 0.10 | 0.18 | -0.07 | -0.01 | 0.08 | 0.18 | 0.04 |
| Tax % | 0.00% | 0.00% | 60.00% | 0.00% | 0.00% | 10.00% | 38.89% | 0.00% | 0.00% | 0.00% | 27.78% | 0.00% |
| Net Profit | 0.04 | 0.07 | 0.02 | -0.01 | 0.08 | 0.09 | 0.11 | -0.07 | -0.01 | 0.08 | 0.13 | 0.04 |
| EPS in Rs | 0.09 | 0.15 | 0.04 | -0.02 | 0.18 | 0.20 | 0.24 | -0.15 | -0.02 | 0.18 | 0.29 | 0.09 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1.15 | 0.58 | 0.48 | 0.57 | 1.25 | 2.17 | 2.90 | 2.21 | 2.13 | 5.69 | 6.03 | 5.70 |
| Expenses | 1.01 | 0.39 | 0.44 | 0.38 | 1.15 | 1.89 | 2.52 | 2.00 | 1.96 | 5.35 | 5.82 | 5.38 |
| Operating Profit | 0.14 | 0.19 | 0.04 | 0.19 | 0.10 | 0.28 | 0.38 | 0.21 | 0.17 | 0.34 | 0.21 | 0.32 |
| OPM % | 12.17% | 32.76% | 8.33% | 33.33% | 8.00% | 12.90% | 13.10% | 9.50% | 7.98% | 5.98% | 3.48% | 5.61% |
| Other Income | 0.08 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 2.36 | 0.03 | 0.11 | 0.06 | 0.06 |
| Interest | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.07 | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.03 |
| Depreciation | 0.07 | 0.06 | 0.06 | 0.05 | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 |
| Profit before tax | 0.14 | 0.13 | -0.01 | 0.16 | 0.05 | 0.16 | 0.27 | 2.45 | 0.09 | 0.35 | 0.18 | 0.29 |
| Tax % | 14.29% | 15.38% | -100.00% | 12.50% | 0.00% | 81.25% | 81.48% | 24.08% | 33.33% | 25.71% | 27.78% | |
| Net Profit | 0.12 | 0.11 | 0.00 | 0.14 | 0.05 | 0.03 | 0.06 | 1.87 | 0.06 | 0.27 | 0.14 | 0.24 |
| EPS in Rs | 0.27 | 0.24 | 0.00 | 0.31 | 0.11 | 0.07 | 0.13 | 4.14 | 0.13 | 0.60 | 0.31 | 0.54 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 18% | 23% | 40% | 10% | ||
| Compounded Profit Growth | 2% | 36% | 0% | 14% | ||
| Stock Price CAGR | 8% | 13% | 4% | -16% | ||
| Return on Equity | 5% | 5% | 5% | 4% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 |
| Reserves | -3.71 | -3.58 | -3.47 | -3.47 | -3.33 | -3.28 | -3.46 | -3.40 | -1.53 | -1.47 | -1.21 | -1.07 |
| Borrowings | 0.45 | 0.13 | 0.01 | 0.09 | 0.02 | 0.33 | 0.65 | 0.48 | 0.37 | 0.39 | 0.39 | 0.39 |
| Other Liabilities | 0.21 | 0.23 | 0.22 | 0.20 | 0.24 | 0.23 | 0.28 | 0.34 | 0.78 | 0.20 | 0.20 | 0.22 |
| Total Liabilities | 1.47 | 1.30 | 1.28 | 1.34 | 1.45 | 1.80 | 1.99 | 1.94 | 4.14 | 3.64 | 3.90 | 4.06 |
| Fixed Assets | 0.96 | 0.88 | 0.81 | 0.75 | 0.70 | 0.72 | 0.93 | 0.86 | 0.67 | 0.60 | 0.54 | 0.48 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.14 | 0.00 | 0.00 | 0.00 | 2.36 | 2.27 | 2.45 | 2.44 |
| Other Assets | 0.51 | 0.42 | 0.47 | 0.59 | 0.61 | 1.08 | 1.06 | 1.08 | 1.11 | 0.77 | 0.91 | 1.14 |
| Total Assets | 1.47 | 1.30 | 1.28 | 1.34 | 1.45 | 1.80 | 1.99 | 1.94 | 4.14 | 3.64 | 3.90 | 4.06 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 0.29 | 0.23 | 0.16 | 0.03 | 0.16 | -0.28 | 0.28 | 0.11 | -0.03 | 0.09 | 0.26 | -0.13 |
| Cash from Investing Activity | 0.00 | 0.02 | 0.00 | 0.00 | -0.13 | 0.04 | 0.01 | 0.01 | 0.13 | 0.12 | -0.07 | 0.06 |
| Cash from Financing Activity | -0.25 | -0.31 | -0.13 | 0.07 | -0.06 | 0.29 | -0.20 | -0.23 | -0.15 | -0.02 | -0.03 | -0.03 |
| Net Cash Flow | 0.04 | -0.06 | 0.03 | 0.11 | -0.03 | 0.05 | 0.09 | -0.12 | -0.05 | 0.20 | 0.16 | -0.10 |
| Free Cash Flow | 0.29 | 0.25 | 0.16 | 0.03 | 0.16 | -0.35 | 0.24 | 0.11 | 0.09 | 0.09 | 0.25 | -0.13 |
| CFO/OP | 375% | 186% | 100% | 75% | 100% | -270% | 111% | 53% | 271% | 71% | 103% | -33% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 44.46 | 50.78 | 100.69 | 121.67 | 121.67 | 140.16 | 85.78 | 47.83 | 36.33 | 35.99 | 17.96 | 34.50 |
| Inventory Days | 3.23 | 0.00 | 0.00 | 44.92 | 21.75 | 66.05 | 33.42 | 42.12 | 0.00 | 6.72 | ||
| Days Payable | 3.23 | 5.62 | 0.00 | 0.00 | 2.57 | 5.62 | 1.49 | |||||
| Cash Conversion Cycle | 44.46 | 50.78 | 100.69 | 121.67 | 121.67 | 179.47 | 107.54 | 113.88 | 67.18 | 72.49 | 17.96 | 39.73 |
| Working Capital Days | 7.02 | -6.35 | 88.10 | 121.67 | 108.86 | 160.60 | 89.15 | 90.62 | 41.29 | 47.98 | 16.04 | 32.69 |
| ROCE % | 7.52% | 11.16% | 13.15% | -0.91% | 13.62% | 4.32% | 14.02% | 19.34% | 8.06% | 3.82% | 10.64% | 5.57% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 36.54% | 36.71% | 36.93% | 37.78% | 38.43% | 38.59% | 38.77% | 38.89% | 39.01% | 39.01% | 38.76% | 38.76% |
| DIIs | 0.07% | 0.07% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% |
| Public | 63.40% | 63.22% | 63.05% | 62.21% | 61.57% | 61.40% | 61.22% | 61.10% | 60.99% | 60.99% | 61.24% | 61.24% |
| No. of Shareholders | 7,287 | 7,324 | 7,571 | 7,948 | 8,020 | 8,584 | 8,666 | 8,596 | 8,552 | 8,449 | 8,765 | 8,752 |
Fundamentals
Market Cap₹ 8.88 Cr.
Current Price₹ 19.6
Stock P/E37.0
Book Value₹ 7.64
ROCE5.57 %
ROE4.14 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)14%
Standalone figures.
Valuation
Market capRs 9 Cr
Enterprise valueRs 8 Cr
P/E (TTM)35.45x
Price to book2.47x
Price to sales1.49x
EV / EBITDA22.36x
EV / EBIT26.56x
EV / sales1.49x
Earnings yield2.82%
P/E, 3-year average88.13x
P/B, 3-year average2.95x
P/E, 5-year average68.48x
P/B, 5-year average2.91x
Profitability
Operating margin (excl. other income)3.48%
Operating margin (incl. other income)4.48%
EBITDA margin6.67%
Pre-tax margin5.09%
Net profit margin4.21%
Net margin, latest quarter7.55%
ROE4.14%
ROCE5.57%
ROA3.52%
ROE, 3-year average4.87%
ROCE, 3-year average6.68%
ROA, 3-year average4.07%
ROE, 5-year average22.22%
ROCE, 5-year average28.04%
ROA, 5-year average15.36%
ROIC (approx.)6.72%
Tax rate27.78%
Other income / net worth1.74%
Growth
Sales growth (latest year)5.98%
Profit growth (latest year)-48.15%
Sales CAGR, 3 years39.74%
Sales CAGR, 5 years22.68%
Profit CAGR, 3 years-57.85%
Profit CAGR, 5 years36.08%
Sales growth QoQ-70.72%
Profit growth QoQ-69.23%
Sales growth YoY (latest quarter)-38.37%
Per share
EPS (TTM)Rs 0.53
EPS (latest year)Rs 0.31
EPS (latest quarter)Rs 0.09
EPS, 3-year averageRs 0.35
EPS, 5-year averageRs 1.06
Book value per shareRs 7.64
Sales per shareRs 12.61
Cash flow per shareRs -0.29
Free cash flow per shareRs -0.29
Efficiency
Asset turnover1.49x
Fixed asset turnover12.56x
Inventory turnover55.11x
Inventory days7 days
Debtor days35 days
Debtors turnover10.58x
Creditor days1 days
Cash conversion cycle40 days
Working capital days33 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs -0 Cr
Debt to equity0.11x
Net debt / EBITDA-0.03x
Interest coverage10.67x
Owners' fund to total sources84.98%
Debt to assets9.61%
Cash flow
Cash from Operating Activity (latest year)Rs -0 Cr
Cash from Investing Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years0.12x
Statement figures
Net sales (TTM)Rs 6 Cr
Net sales (latest year)Rs 6 Cr
Sales (latest quarter)Rs 1 Cr
Operating profit excl. other income (latest year)Rs 0 Cr
Operating profit (latest quarter)Rs 0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 0 Cr
PBDT (TTM)Rs 0 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 5 Cr
Total expenditure (latest year)Rs 6 Cr
Total income (latest year)Rs 6 Cr
Share capitalRs 5 Cr
ReservesRs -1 Cr
Shareholders' fundsRs 3 Cr
Total assetsRs 4 Cr
Net blockRs 0 Cr
InvestmentsRs 2 Cr
ReceivablesRs 1 Cr
InventoryRs 0 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)0.45
Ownership
Promoter holding38.76% (-0.13 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 35.5 is at the 28th percentile of its own 8.5-year range
(median 51.2, low 3.1, high 336.6).
P/B 2.47 is at the 12th percentile (median 3.34).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | 524624 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -5.9% | -2.8% | -3.1 pts |
| 1 month | -5.8% | -6.8% | +1.0 pts |
| 3 months | -12.1% | -7.6% | -4.5 pts |
| 3 years | +6.8% | +14.2% | -7.4 pts |
| 5 years | +71.2% | +27.9% | +43.3 pts |
Red flags
F-score 4 of 8| explain | Weak cash conversion Cash from operations was 47% of net profit over the last 3 years |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹1 Cr -38.4% vs Jun 2025.
Net profit ₹0 Cr +157.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Linde India Ltd | 52,869 | 96.3 | 18.2 % |
| Ellenbarrie Industrial Gases Ltd | 5,205 | 43.2 | 14.5 % |
| Steamhouse India Ltd | 3,058 | 79.2 | 16.0 % |
| Stallion India Fluorochemicals Ltd | 2,548 | 49.0 | 11.8 % |
| Hilltone Software & Gases Ltd | 51 | 0.79 % | |
| National Oxygen Ltd | 26 | -21.5 % | |
| Bhagawati Gas Ltd | 15 | 15.0 | 6.10 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Gagan Gases Ltd?
Gagan Gases Ltd (524624) has a market capitalisation of Rs 8.88 Cr. at the 2026-10-01 close.
What is the P/E ratio of Gagan Gases Ltd?
Gagan Gases Ltd trades at a P/E of 37.0 on trailing twelve-month profit, at the 2026-10-01 close.
What were Gagan Gases Ltd's latest quarterly results?
In the Jun 2026 quarter, Gagan Gases Ltd sales was Rs 1 Cr (-38.4% vs Jun 2025) and net profit was Rs 0 Cr.