GAIL (India)
GAIL (India) Ltd valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for GAIL (India) Ltd, framed against the sector median so the premium or discount is obvious at a glance.
GAIL (India) Ltd trades at a P/E of 14.79× and P/B of 1.26×, against the Utilities sector median P/E of 8.64×.
Valuation
Profitability
Growth
Financial Health
GAIL (India) Ltd financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for GAIL (India) Ltd, switchable between annual and quarterly views, consolidated or standalone.
GAIL (India) Ltd reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,15,826.96 Cr and reported EPS of ₹11.53.
| Period | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 54,694 | 76,234 | 72,568 | 57,428 | 92,874 | 1,45,875 | 1,33,500 | 1,42,291 | 1,42,094 |
| Other Income | 813 | 1,214 | 1,546 | 1,120 | 1,172 | 1,328 | 1,008 | 1,268 | 1,510 |
| Total Income | 55,507 | 77,448 | 74,114 | 58,548 | 94,046 | 1,47,204 | 1,34,507 | 1,43,559 | 1,43,604 |
| Cost of Goods Sold (COGS) | 40,828 | 59,340 | 56,862 | 43,725 | 70,107 | 1,28,831 | 1,07,955 | 1,15,738 | 1,17,396 |
| Gross Profit | 13,866 | 16,894 | 15,706 | 13,703 | 22,767 | 17,044 | 25,545 | 26,553 | 24,699 |
| +Operating Expenses | 6,087 | 7,226 | 6,681 | 6,459 | 7,615 | 9,556 | 11,249 | 11,121 | 13,188 |
| EBITDA | 7,779 | 9,668 | 9,025 | 7,244 | 15,152 | 7,488 | 14,296 | 15,432 | 11,510 |
| +Non-Operating Expenses | 1,822 | 2,601 | 2,389 | 2,353 | 4,385 | 3,068 | 4,391 | 6,987 | 4,799 |
| Profit Before Tax (PBT) | 6,770 | 9,831 | 8,182 | 6,011 | 15,464 | 5,748 | 10,913 | 14,592 | 8,221 |
| +Tax Expense | 2,143 | 3,278 | 914 | 1,583 | 3,160 | 1,660 | 2,692 | 3,633 | 2,144 |
| Profit After Tax (PAT) | 4,805 | 6,553 | 9,515 | 6,143 | 12,304 | 5,596 | 9,903 | 12,463 | 7,582 |
| Earnings Per Share (EPS) | 7.09 | 9.59 | 13.85 | 9.21 | 18.40 | 8.54 | 15.06 | 18.93 | 11.53 |
| Diluted Shares Outstanding (Nos.) | 677 | 682 | 680 | 666 | 666 | 658 | 658 | 658 | 658 |
| +Additional Disclosures | 89,823 | 1,27,617 | 1,22,400 | 99,310 | 1,53,169 | 2,71,192 | 2,36,374 | 2,48,151 | 2,55,016 |
| Sales Growth % | — | 39.38 | -4.81 | -20.86 | 61.72 | 57.07 | -8.48 | 6.59 | -0.14 |
| YoY Sales Growth % | — | 39.38 | -4.81 | -20.86 | 61.72 | 57.07 | -8.48 | 6.59 | -0.14 |
| Material Cost % | 8 | 7 | 6 | 7 | 12 | 5 | 5 | 5 | 6 |
| Employee Cost % | 2 | 2 | 2 | 3 | 2 | 1 | 2 | 2 | 1 |
| Other Cost % | 9 | 7 | 7 | 8 | 6 | 5 | 7 | 6 | 8 |
| OPM % | 14 | 13 | 12 | 13 | 16 | 5 | 11 | 11 | 8 |
| Tax % | 32 | 33 | 11 | 26 | 20 | 29 | 25 | 25 | 26 |
| Profit Growth % | — | 36.37 | 45.20 | -35.44 | 100.29 | -54.52 | 76.97 | 25.85 | -39.17 |
| Gross Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Additional Fields | 6,252 | 8,001 | 6,945 | 5,070 | 12,731 | 4,786 | 10,624 | 11,633 | 7,675 |
GAIL (India) segment analysis: revenue and profit mix.
Disclosed business segments at GAIL (India) with their share of revenue and profit, switchable between consolidated and standalone reporting.
GAIL (India) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
GAIL (India) Ltd investment thesis: bull case, bear case, and the flip lines.
Why someone would buy GAIL (India) Ltd, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
GAIL (India) Ltd's investment case rests on 9 positive markers and 8 flagged concerns drawn from the latest reported filings.
What you're getting.
GAIL exhibits a competitive Price-to-Earnings (PE) ratio of 12.50, which is lower than the sector PE of 13.29, suggesting potential undervaluation. This indicates an attractive entry point for investors.
The company demonstrates robust profitability with a Return on Capital Employed (ROCE) of 14.00% and Return on Equity (ROE) of 13.10%, indicating efficient capital utilization and strong shareholder returns.
A consistent promoter holding of 51.9% reflects strong management confidence and commitment to GAIL's long-term prospects. This stable ownership structure provides investor assurance.
GAIL maintains a very healthy debt-to-equity ratio of 0.25, significantly reducing financial risk and providing flexibility for future growth initiatives. This strong balance sheet is a key advantage.
The company offers an attractive dividend yield of 4.08%, providing a steady income stream for investors. This consistent payout reflects financial stability and a shareholder-friendly policy.
What can break it.
GAIL's latest quarterly profit after tax (PAT) saw a significant decline of 25.60% to ₹2369 crore, raising concerns about short-term profitability and operational challenges. This trend requires close monitoring.
The stock has shown considerable volatility, with a 52-week high of ₹216.47 and a low of ₹150.52. This wide range indicates potential price instability, posing risks for short-term investors.
Despite a low debt-to-equity ratio, the absolute debt of ₹21595 crore is substantial. While manageable, it necessitates careful financial oversight to avoid future liquidity pressures.
Foreign Institutional Investors (FIIs) have shown a declining trend in holdings, from 19.92% in June 2022 to 13.72% in September 2025, potentially signaling reduced foreign investor confidence.
Volatility in global natural gas prices and crude oil benchmarks could significantly impact GAIL's profitability and operational margins, given its exposure to commodity markets.
What would change my mind.
Trim if P/E re-rates above 19 (~2.2× the sector multiple of 8.6). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 28.31. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
GAIL (India) Ltd peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — GAIL (India) Ltd is highlighted for quick read-across.
Quick Compare
Peer Comparison
GAIL (India) Ltd technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for GAIL (India) Ltd — derived from the live tape, not yesterday's close.
GAIL (India) Ltd last traded at ₹176.09 with an intraday range of ₹175–₹178.2 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹176.09| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 184.26 | +8.17 | +4.64% |
| R3 | 181.06 | +4.97 | +2.82% |
| R2 | 179.63 | +3.54 | +2.01% |
| R1 | 177.86 | +1.77 | +1.01% |
| PIVOT | 176.43 | 0.34 | 0.19% |
| CURRENT | 176.09 | — | — |
| S1 | 168.26 | -7.83 | -4.45% |
| S2 | 171.46 | -4.63 | -2.63% |
| S3 | 173.23 | -2.86 | -1.62% |
| S4 | 174.66 | -1.43 | -0.81% |
GAIL is trading Below CPR, indicating Bearishness
CPR is Average
Day's range: 175.78 ~ 177.27
Trading Inside opening range
GAIL (India) Ltd delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for GAIL (India) Ltd over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in GAIL (India) Ltd stood at 56.0% of traded volume, against a 20-day average of 53.7%.
GAIL (India) announcements: results, concalls, ratings, M&A.
Filings GAIL (India) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
GAIL (India) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 176 documents below.
General Updates
GAIL (India) Limited has informed the Exchange about General Updates
Analysts/Institutional Investor Meet/Con. Call Updates
GAIL (India) Limited has informed the Exchange about Transcript
Analysts/Institutional Investor Meet/Con. Call Updates
GAIL (India) Limited has informed the Exchange about Schedule of meet
Copy of Newspaper Publication
GAIL (India) Limited has informed the Exchange about Copy of Newspaper Publication
Analysts/Institutional Investor Meet/Con. Call Updates
GAIL (India) Limited has informed the Exchange about Presentation
Investor decks & rating reports.
Analysts/Institutional Investor Meet/Con. Call Updates
Analysts/Institutional Investor Meet/Con. Call Updates
Investor Presentation
Investor Presentation
GAIL (India) dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue GAIL (India) has declared, sequenced by announce and record date.
GAIL (India) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About GAIL (India) Ltd: business, sector, key facts.
What GAIL (India) Ltd does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
GAIL (India) Ltd operates in the Utilities, listed as NSE: GAIL, BSE: 532155.
GAIL (India) Limited is a prominent player in India's natural gas sector, with a significant international presence. Its core business revolves around the entire natural gas value chain, from processing and transmission to marketing and distribution. This includes transporting and selling natural gas to diverse sectors such as power generation, fertilizer production, industrial applications, the automotive industry, petrochemicals, and residential and commercial consumers.
A key aspect of GAIL's operations is its extensive natural gas transmission network. This infrastructure facilitates the efficient delivery of natural gas to various parts of the country, supporting the growth of industries and fueling domestic energy needs. Beyond transmission, GAIL actively markets natural gas, ensuring a consistent supply to its diverse customer base. This marketing arm includes the sale of compressed biogas, demonstrating the company's commitment to sustainable energy sources.
GAIL's business extends beyond natural gas marketing. The company is a significant producer and marketer of liquefied petroleum gas (LPG), along with other liquid hydrocarbons like propane and pentane. It also produces and sells petrochemicals, including naphtha, mixed fuel oil, ethylene, propylene, and polypropylene. Furthermore, GAIL manufactures high-density polyethylene (HDPE) and linear low-density polyethylene (LLDPE) under its own brand names, G-Lex and G-Lene, respectively. These petrochemical products find applications in numerous industries.
In addition to its core energy businesses, GAIL is diversifying into renewable energy sources. The company has invested in wind and solar power generation, reflecting a commitment to environmental sustainability and a broader energy portfolio. This diversification strategy not only complements its traditional energy businesses but also positions GAIL for long-term growth in a changing energy landscape. In summary, GAIL's operations span a wide range of energy-related activities, contributing significantly to India's energy security and economic development.
Questions investors ask about GAIL (India) Ltd (GAIL).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of GAIL (India) Ltd (GAIL)?
The current share price of GAIL (India) Ltd (GAIL) is ₹176.09. Today, the stock has gained by ₹0.68 (0.39%), trading in a range of ₹175 to ₹178.2. The stock opened at ₹176.45 with a trading volume of 89,41,189 shares.
02Is GAIL (India) Ltd stock a good investment for long-term?
GAIL (India) Ltd can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,15,826.96 crores, P/E ratio of 14.79, ROE of 8.69%, and ROCE of 14.00%. The dividend yield stands at 7.33%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of GAIL (India) Ltd stock?
The 52-week high price of GAIL (India) Ltd (GAIL) is ₹195.45, while the 52-week low is ₹134.36. Currently trading at ₹176.09, the stock is 68.3% away from its 52-week low and 9.9% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy GAIL (India) Ltd stock at the current price?
Whether to buy GAIL (India) Ltd stock at ₹176.09 depends on multiple factors. The stock is currently trading with a P/E ratio of 14.79 and P/B ratio of 1.26. Today's performance shows a gain of 0.39%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of GAIL (India) Ltd and when is the next dividend?
GAIL (India) Ltd offers a dividend yield of 7.33%, which means for every ₹100 invested at the current price of ₹176.09, you can expect to receive approximately ₹7.33 annually as dividends. The face value of the stock is ₹10.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of GAIL (India) Ltd?
GAIL (India) Ltd's key financial metrics include: P/E Ratio: 14.79, P/B Ratio: 1.26, ROE: 8.69%, ROCE: 14.00%, Dividend Yield: 7.33%, EPS: ₹11.53, Book Value: ₹135.55, and Debt-to-Equity: 27.81. The company's market cap stands at ₹1,15,826.96 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is GAIL (India) Ltd stock performing today in the market?
GAIL (India) Ltd stock opened at ₹176.45 and is currently trading at ₹176.09, showing a gain of ₹0.68 (0.39%). The intraday high is ₹178.2 and low is ₹175. The trading volume stands at 89,41,189 shares, indicating strong market participation today.
08What is the P/E ratio of GAIL (India) Ltd and what does it indicate?
GAIL (India) Ltd has a Price-to-Earnings (P/E) ratio of 14.79, which means investors are willing to pay ₹14.79 for every ₹1 of earnings. With an EPS of ₹11.53, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about GAIL (India) Ltd (GAIL) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
Related
Peers, sector trends, screeners and strategy playbooks contextual to this stock.