MarketFriction

GAIL (India) Ltd

NSE GAIL · BSE 532155 · Gas Transmission/Marketing
₹171.22 +0.39%
NSE close2026-10-01
52 week range134.36 - 186.87
Market cap₹1,11,803 Cr.
P/E11.3
Nifty Next 50Nifty 100Nifty 200Nifty 500Nifty EnergyNifty Oil & GasNifty PSENifty Infrastructure No price band Delivery 58.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales32,98634,69832,75634,73833,88936,83536,44035,31135,53735,17335,57741,198
Expenses29,40530,49028,90829,94829,95233,66532,91431,64232,07732,24634,12334,100
Operating Profit3,5804,2083,8494,7903,9373,1693,5263,6693,4602,9271,4537,098
OPM %11%12%12%14%12%9%10%10%10%8%4.1%17%
Other Income5959156516856433,2116745665166831,250475
Interest200176159209188169174213234254263319
Depreciation8378721,2411,1529229397869931,1771,192474987
Profit before tax3,1384,0753,0994,1143,4705,2723,2403,0292,5652,1651,9666,268
Tax %22%22%20%23%22%23%23%21%22%20%25%25%
Net Profit2,4423,1932,4743,1832,6904,0842,5062,3821,9891,7291,4814,671
EPS in Rs3.724.863.754.844.106.213.793.603.002.672.267.10
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales52,05348,55254,49676,19072,51857,37292,770145,668133,228141,902141,598147,485
Expenses47,51742,53146,69566,25263,49550,12777,608138,168118,914126,489130,096132,546
Operating Profit4,5366,0217,8029,9389,0227,24515,1617,50014,31415,41211,50214,939
OPM %9%12%14%13%12%13%16%5%11%11%8%10%
Other Income7311,2129481,7193,7962,8332,9252,8222,6725,2233,0232,924
Interest8225092951593091792023657197409641,070
Depreciation1,4961,5411,5271,6672,0802,1742,4202,7023,6723,7993,8353,829
Profit before tax2,9495,1836,9289,83110,4297,72515,4647,25612,59516,0969,72512,964
Tax %37%35%31%33%9%20%20%23%21%23%22%
Net Profit1,8743,3744,8056,5539,5156,14312,3045,5969,90312,4637,5829,870
EPS in Rs2.764.987.099.6813.939.2118.408.5415.0618.9311.5315.03
Dividend Payout %37%56%43%25%31%36%36%59%37%40%48%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth11%20%-1%4%
Compounded Profit Growth15%4%10%1%
Stock Price CAGR9%9%11%-4%
Return on Equity13%12%11%9%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,2681,2681,6912,2552,2554,5104,4404,4406,5756,5756,5756,575
Reserves32,75435,13537,61439,42443,74944,75848,74259,67458,35270,42278,42282,474
Borrowings18,2919,0526,5533,8762,2246,9127,8739,21617,81621,79421,59524,831
Other Liabilities17,35513,60812,43315,79820,19918,75419,97523,25425,06225,94426,58326,688
Total Liabilities69,66959,06358,29161,35368,42674,93481,03096,584107,805124,735133,176140,569
Fixed Assets33,97629,94630,09230,48032,70038,23041,16044,57249,69755,18858,83668,667
CWIP13,8063,6884,1265,9389,73811,66613,40015,49016,64623,62727,42124,072
Investments1,2729,84410,12510,45210,7229,89313,05816,40817,24821,91022,76526,233
Other Assets20,61515,58413,94814,48215,26715,14513,41320,11424,21424,01024,15521,597
Total Assets69,66959,06358,29161,35368,42674,93481,03096,584107,805124,735133,176140,569
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4,2143,9606,0248,7697,9848,3458,9939,4203,20512,58615,72711,249
Cash from Investing Activity-2,809-904-334-2,660-5,701-8,299-4,640-5,490-7,453-8,226-6,615-8,856
Cash from Financing Activity-3,058-3,028-5,275-5,252-3,364281-3,471-3,9172,972-3,457-8,941-2,750
Net Cash Flow-1,65329415858-1,08132888213-1,276902171-358
Free Cash Flow1,4982,5004,0295,370443-8903,3092,481-5,548987,8182,451
CFO/OP93%103%120%130%102%121%142%84%64%111%118%113%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191921232124222927262722
Inventory Days181417171621251917202016
Days Payable262527352425372820222419
Cash Conversion Cycle1281161320102023242219
Working Capital Days-12-17-10-24-5-10-24-6-6-8-7-14
ROCE %10%8%12%16%22%20%13%23%10%15%14%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.91%51.90%51.90%51.92%51.92%51.90%51.88%51.88%51.88%51.88%51.88%51.79%
FIIs14.76%14.24%14.17%15.20%16.79%16.05%14.79%14.91%13.72%14.07%13.04%15.00%
DIIs19.14%19.37%19.56%18.13%16.92%17.59%19.02%18.93%19.88%19.76%20.50%19.09%
Government7.91%7.92%7.63%7.63%7.62%7.61%7.61%7.61%7.61%7.61%7.61%7.59%
Public6.30%6.58%6.75%7.14%6.76%6.84%6.68%6.66%6.92%6.69%6.98%6.52%
No. of Shareholders9,45,49810,11,14512,27,20915,17,62215,50,41616,02,02816,71,48216,38,22716,32,18715,88,21016,17,71615,66,827

Fundamentals

Market Cap₹ 1,11,803 Cr.
Current Price₹ 170
Stock P/E11.3
Book Value₹ 135
ROCE9.67 %
ROE8.71 %
Dividend Yield3.23 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)4%
Compounded Profit Growth (TTM)1%
Consolidated figures.
Valuation
Market capRs 112,579 Cr
Enterprise valueRs 135,284 Cr
P/E (TTM)11.40x
Price to book1.26x
Price to sales0.76x
EV / EBITDA7.57x
EV / EBIT9.64x
EV / sales0.92x
Price to cash flow10.01x
Earnings yield8.77%
Dividend yield3.21%
P/E, 3-year average11.21x
P/B, 3-year average1.33x
P/E, 5-year average9.94x
P/B, 5-year average1.15x
Profitability
Operating margin (excl. other income)8.12%
Operating margin (incl. other income)10.26%
EBITDA margin12.11%
Pre-tax margin8.79%
Net profit margin6.70%
Net margin, latest quarter11.32%
ROE8.71%
ROCE9.70%
ROA5.54%
ROE, 3-year average12.68%
ROCE, 3-year average13.59%
ROA, 3-year average7.90%
ROE, 5-year average13.53%
ROCE, 5-year average14.77%
ROA, 5-year average8.60%
ROIC (approx.)9.79%
Tax rate22.04%
Other income / net worth3.39%
Growth
Sales growth (latest year)-0.21%
Profit growth (latest year)-39.10%
Sales CAGR, 3 years-0.94%
Sales CAGR, 5 years19.80%
Profit CAGR, 3 years10.53%
Profit CAGR, 5 years4.32%
Sales growth QoQ15.80%
Profit growth QoQ214.22%
Sales growth YoY (latest quarter)16.67%
Profit growth YoY (latest quarter)96.92%
Per share
EPS (TTM)Rs 15.02
EPS (latest year)Rs 11.53
EPS (latest quarter)Rs 7.10
EPS, 3-year averageRs 15.17
EPS, 5-year averageRs 16.33
Book value per shareRs 135.43
Sales per shareRs 224.31
Cash flow per shareRs 17.11
Free cash flow per shareRs 3.73
Dividend per share (latest year)Rs 5.50
Dividend per share, 3-year averageRs 6.17
Dividend per share, 5-year averageRs 6.70
Dividends
Dividend payout47.69%
Dividend payout, 3-year average41.28%
Dividend payout, 5-year average43.72%
Efficiency
Asset turnover1.01x
Fixed asset turnover2.06x
Inventory turnover23.83x
Inventory days15 days
Debtor days22 days
Debtors turnover16.46x
Creditor days19 days
Cash conversion cycle19 days
Working capital days-14 days
Leverage
Total debtRs 24,831 Cr
Cash and bankRs 2,127 Cr
Net debtRs 22,705 Cr
Debt to equity0.28x
Net debt / EBITDA1.27x
Interest coverage13.12x
Current ratio (filing 2026-03-31)0.85x
Quick ratio (filing 2026-03-31)0.63x
Trade payables (filing 2026-03-31)Rs 6,104 Cr
Owners' fund to total sources63.35%
Debt to assets17.66%
Cash flow
Cash from Operating Activity (latest year)Rs 11,249 Cr
Cash from Investing Activity (latest year)Rs -8,856 Cr
Cash from Financing Activity (latest year)Rs -2,750 Cr
Net Cash Flow (latest year)Rs -358 Cr
Free cash flow (latest year)Rs 2,451 Cr
FCFE (approx.: FCF + change in debt)Rs 5,687 Cr
Cash from ops / profit, 5 years1.09x
Sales to cash flow12.59x
Statement figures
Net sales (TTM)Rs 147,485 Cr
Net sales (latest year)Rs 141,598 Cr
Sales (latest quarter)Rs 41,198 Cr
Operating profit excl. other income (latest year)Rs 11,502 Cr
Operating profit (latest quarter)Rs 7,098 Cr
Other income (TTM)Rs 2,924 Cr
EBITDA (TTM)Rs 17,862 Cr
PBDT (TTM)Rs 16,793 Cr
Profit before tax (TTM)Rs 12,964 Cr
Tax (latest year)Rs 2,144 Cr
Net profit (TTM)Rs 9,879 Cr
Net profit (latest year)Rs 7,582 Cr
Net profit (latest quarter)Rs 4,665 Cr
Depreciation (TTM)Rs 3,829 Cr
Depreciation (latest quarter)Rs 987 Cr
Interest (TTM)Rs 1,070 Cr
Cost of goods sold (latest year)Rs 123,613 Cr
Total expenditure (latest year)Rs 130,096 Cr
Total income (latest year)Rs 144,620 Cr
Share capitalRs 6,575 Cr
ReservesRs 82,474 Cr
Shareholders' fundsRs 89,050 Cr
Total assetsRs 140,569 Cr
Net blockRs 68,667 Cr
Capital work in progressRs 24,072 Cr
InvestmentsRs 26,233 Cr
ReceivablesRs 8,605 Cr
InventoryRs 5,188 Cr
Other liabilitiesRs 26,688 Cr
Shares outstanding (crore)657.51
Ownership
Promoter holding51.79% (-0.09 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 11.4 is at the 55th percentile of its own 9.4-year range (median 10.6, low 3.9, high 24.5).
P/B 1.26 is at the 40th percentile (median 1.31).
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.
PeriodGAILNifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-0.9%-6.8% +5.9 pts
3 months-1.7%-7.6% +5.9 pts
6 months+24.3%+0.4% +23.9 pts
1 year-1.8%-9.9% +8.1 pts
2 years-22.3%-13.6% -8.7 pts
3 years+37.6%+14.2% +23.5 pts
5 years+57.4%+27.9% +29.5 pts
168 mutual fund schemes hold about ₹7,680 Cr. Over three months 40 bought more and 50 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Contra Fund2.29%1,092 +4%
SBI Balanced Advantage Fund2.56%1,084 +3%
HDFC Balanced Advantage Fund0.81%871 +3%
SBI Energy Opportunities Fund7.98%664 +9%
SBI PSU Fund6.78%454 -30%
SBI Multi Asset Allocation Fund(A1.98%414 -4%
SBI ELSS Tax Saver Fund0.96%305 -32%
Aditya Birla SL PSU Equity Fund3.83%232 -20%
ICICI Pru Nifty Next 50 Index Fund1.88%191 +0%
SBI Dividend Yield Fund2.08%178 -31%
ICICI Pru Energy Opportunities Fund1.80%149 +130%
UTI Nifty Next 50 Index Fund1.89%142 +0%
Kotak Arbitrage Fund(M0.16%122 +114%
Motilal Oswal BSE Enhanced Value Index Fund4.58%103 +2%
DSP Large Cap Fund1.26%90 +5%
HDFC Large & Mid Cap Fund0.27%82 +1%
SBI Infrastructure Fund1.48%71 +5%
Bandhan ELSS-Tax Saver Fund0.89%62 -10%
Kotak Multi Asset Allocation Fund0.38%59 -3%
Nippon India Power & Infra Fund0.70%56 +3%
DSP Multi Asset Allocation Fund0.51%56 -51%
Bandhan Value Fund0.53%53 -11%
HDFC NIFTY Next 50 Index Fund1.89%51 +0%
Franklin Build India Fund1.52%48 -12%
SBI Nifty Next 50 Index Fund1.89%45 +0%

Red flags

F-score 4 of 8
lookRegulator order or action Regulator order or action 2025-12-11: GAIL (India) Limited has informed the Exchange about Action(s) taken or orders passed
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.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2021-03-24-Promotersother-
2021-03-19PRESIDENT OF INDIA ACTING THROUGH Promotersother49,859,905Rs 747.90 CrOthers
2021-03-19PRESIDENT OF INDIA ACTING THROUGH Promotersother49,859,905Rs 747.90 CrOthers
2019-10-10President of IndiaPromotersother19,610,227Rs 251.07 CrOff Market
2017-01-25PRESIDENT OF INDIA ACTING THROUGH Promoter Groupother15,315,380Rs 15.32 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹41,198 Cr +16.7% vs Jun 2025. Net profit ₹4,671 Cr +96.1%.

Activity

Compare
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Indifra Ltd9-0.72 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-02Dividend - Re 0.50 Per Share
2026-02-05Interim Dividend - Rs 5 Per Share
2025-08-04Dividend - Re 1 Per Share
2025-02-07Interim Dividend - Rs 6.50 Per Share
2024-02-06Interim Dividend - Rs 5.50 Per Share
2023-03-21Interim Dividend - Rs 4 Per Share
2022-09-06Bonus 1:20.6667
2022-08-01Dividend - Rs 1 Per Share
2022-04-21Buyback
2022-03-21Interim Dividend - Rs 5 Per Share
2021-12-30Interim Dividend - Rs 4 Per Share
2021-03-22 Interim Dividend - Rs 2.5 Per Share
2021-01-27 Interim Dividend - Rs 2.50 Per Share
2021-01-27 Buyback
2020-02-17 Interim Dividend - Rs 6.4 Per Share
2019-08-08 Dividend - Rs 0.885 Per Share
2019-07-09 Bonus 1:10.5000
2019-02-12 Interim Dividend - Rs 6.25 Per Share
2018-08-30 Annual General Meeting/Dividend- Rs 1.44 Per Share
2018-03-27 Bonus 1:30.7500
2018-01-18 Interim Dividend - Rs 7.65 Per Share (Purpose Revised)
2017-08-31 Dividend - Rs 2.70 Per Share
2017-03-09 Bonus 1:30.7500
2017-02-02 Interim Dividend Rs 8.50 Per Share (Purpose Revised)
2016-09-08 Dividend Rs 3/- Per Share
2016-02-16 Interim Dividend Rs 2.50 Per Share (Purpose Revised)
2015-08-27 Dividend - Rs 3/- Per Share
2015-03-02Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2014-08-27Annual General Meeting / Final Dividend - Rs 5.90/- Per Share
2014-02-10Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
2013-09-05Annual General Meeting / Final Dividend - Rs 5.60/- Per Share
2013-02-18Interim Dividend Rs 4 Per Share (Purpose Revised)
2012-08-16Annual General Meeting And Dividend Rs.5.70 Per Share
2012-01-25Interim Dividend Rs.3/- Per Share (Purpose Revised)
2011-08-17Dividend-Rs.5.50 Per Share
2010-12-27Interim Dividend-Rs.2/- Per Share (Purpose Revised)
2010-09-02Annual General Meeting And Final Dividend Rs.5.50 Per Share (Bc Start Date Revised)
2009-12-24Int Div-Rs.2/- Per Share Purpose Revised
2009-08-20Dividend-Rs.3/- Per Share
2009-01-30Interim Dividend - 40% Purpose Revised
2008-10-06Bonus 1:20.6667
2008-08-21Agm/Dividend - 60%
2007-12-19Interim Dividend - 40% Purpose Revised
2007-08-16Agm/Final Dividend-20%
2007-03-09Spl Interim Dividend-25% Purpose Revised
2006-12-27Interim Dividend-55% Purpose Revised
2006-07-28Agm/Final Dividend-20%
DateTypeWhat it says
2026-09-30General UpdatesNomination of Government Nominee Director
2026-09-19Press ReleaseA press release dated September 19, 2026, titled " Shri Manoj Kumar Sharma assumes charge as Director (Projects) of GAIL (India) Limited".
2026-09-19AppointmentAppointment of Mr Manoj Kumar Sharma as Executive Director of the company w.e.f. September 19, 2026.
2026-09-18Director changeChange in Director(s) of the company.
2026-09-14Concall / analyst meetSchedule of meet
2026-09-09AppointmentAppointment of Joint Statutory Auditor(s) for FY 2026-27
2026-09-09AppointmentAppointment of Joint Statutory Auditor(s) for FY 2026-27
2026-09-08Press ReleaseA press release dated September 07, 2026, titled " GAIL (India) Limited and Petronet LNG Limited host MC² Plus Hyderabad Connect to Accelerate Innov...
2026-09-03Concall / analyst meetSchedule of meet
2026-08-28Shareholder meetingVoting results.
2026-08-27Shareholder meetingProceedings of Annual General Meeting held on August 27, 2026
2026-08-26Disclosure of material issueGAIL (India) Limited has informed regarding Disclosure of material issue
2026-08-23Change in ManagementChange in Management
2026-08-20Change in ManagementChange in Management
2026-08-15Change in ManagementChange in Management
2026-08-13Change in ManagementChange in Management
2026-08-11CessationCessation of Shri Kushagra Mittal as Non- Executive Director of the company w.e.f. August 11, 2026.
2026-08-06Concall / analyst meetSchedule of meet
2026-08-05UpdatesBusiness Responsibility and Sustainability Report of the Company for the Financial Year 2025-26.
2026-08-05Record DateRecord date for the purpose of Dividend is 02-Sep-2026.
2026-08-05Record DateRecord date for the purpose of Dividend is 02-Sep-2026.
2026-08-05Record DateRecord date for the purpose of Dividend is 02-Sep-2026.
2026-08-05Shareholder meetingNotice of Annual General Meeting to be held on August 27, 2026
2026-08-04Concall / analyst meetTranscript
2026-07-31Press ReleaseA press release dated July 31, 2026, titled " GAIL reports Revenue from Operations of ₹38,982 crore and PAT of ₹4,292 crore for Q1 FY2026-...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.89
Max pain (expiry 2026-10-27)175
Largest call open interest at175
Largest put open interest at190
Implied volatility, at the money20.7%
Underlying at snapshot171.22
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-283,500
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-04-27NCLTGail India Ltd Vs Regen Infrastructure and Service Pvt Ltd & 1 Another
2021-04-27NCLTGail India Ltd Vs Regen Powertech Ltd & 1 Another
2021-04-27NCLTGail India Ltd Vs Regen Powertech Ltd & 1 Another
2020-12-15NCLATGail India Ltd VS Kuldip Kumar Bassi Resolution Professional of Asian Colour Coated Ispat Ltd
2020-11-03NCLATGail India Ltd VS Divyesh Desai Liquidator of Aster Silicates Ltd
2020-02-27NCLATGail India Ltd. VS Ajay Joshi & Ors. Resolution Professional of Alok Industries
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of GAIL (India) Ltd?

GAIL (India) Ltd (GAIL) has a market capitalisation of Rs 1,11,803 Cr. at the 2026-10-01 close.

What is the P/E ratio of GAIL (India) Ltd?

GAIL (India) Ltd trades at a P/E of 11.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were GAIL (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, GAIL (India) Ltd sales was Rs 41,198 Cr (+16.7% vs Jun 2025) and net profit was Rs 4,671 Cr.

What is the 52-week high and low of GAIL (India) Ltd?

The 52-week high is Rs 186.87 and the 52-week low is Rs 134.36.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03