GAIL (India) Financial Statements

Name: GAIL (India) Financials — historical data
Creator: StockeZee

For Mar 2026, GAIL (India) reported revenue of ₹1,42,094 crore and net profit of ₹7,582 crore. Return on equity stands at 8.71%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 100 constituent

Latest year revenue: ₹1,42,094 Cr
EBITDA: ₹11,510 Cr
Operating margin: 8.1%
Profit after tax: ₹7,582 Cr
Net margin: 5.34%
EPS: ₹11.53
Latest year: Mar 2026
Years reported: 9

GAIL (India) profit & loss

Reported annual performance for GAIL (India), oldest to newest. Figures in ₹ crore unless a row states otherwise.

GAIL (India) annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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
Sales Growth YoY %	—	39.38%	-4.81%	-20.86%	61.72%	57.07%	-8.48%	6.59%	-0.14%
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
Cost of Materials Consumed	4,141	5,080	4,412	3,906	11,103	6,860	7,325	7,273	8,044
Purchases of Stock-in-Trade	36,721	54,808	52,878	39,379	59,267	1,23,964	1,00,670	1,08,757	1,07,987
Changes in Inventories	-34	-548	-428	440	-263	-1,993	-41	-292	1,365
Gross Profit	13,866	16,894	15,706	13,703	22,767	17,044	25,545	26,553	24,699
Gross Margin %	25.35%	22.16%	21.64%	23.86%	24.51%	11.68%	19.13%	18.66%	17.38%
Total Operating Expenses	6,087	7,226	6,681	6,459	7,615	9,556	11,249	11,121	13,188
Employee Benefit Expense	1,346	1,863	1,634	1,646	1,816	1,902	2,274	2,236	2,079
Other Expenses	4,742	5,363	5,047	4,813	5,800	7,653	8,975	8,885	11,109
EBITDA	7,779	9,668	9,025	7,244	15,152	7,488	14,296	15,432	11,510
OPM %	14.22%	12.68%	12.44%	12.61%	16.31%	5.13%	10.71%	10.85%	8.1%
Total Non-Operating Expenses	1,822	2,601	2,389	2,353	4,385	3,068	4,391	6,987	4,799
Depreciation & Amortisation	1,527	1,667	2,080	2,174	2,420	2,702	3,672	3,799	3,835
Finance Costs	295	159	309	179	202	367	719	748	964
Exceptional Items (Before Tax)	0	775	0	0	1,762	0	0	2,440	0
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
Current Tax	1,684	2,468	2,116	1,592	3,256	1,356	2,681	3,460	1,276
Deferred Tax	459	810	-1,202	-9	-96	305	12	172	868
Effective Tax %	31.65%	33.35%	11.17%	26.33%	20.43%	28.89%	24.67%	24.89%	26.08%
Profit/Loss from Discontinued Operations	5	0	0	0	0	0	0	0	0
Total Profit for Period	4,805	6,553	9,515	6,143	12,304	5,596	9,903	12,463	7,582
Less: Non-controlling Interests	6	7	93	6	48	-20	4	13	-1
Net Profit (Owner's PAT)	4,799	6,546	9,422	6,136	12,256	5,616	9,899	12,450	7,582
Net Profit Margin %	8.77%	8.59%	12.98%	10.69%	13.2%	3.85%	7.42%	8.75%	5.34%
PAT Growth YoY %	—	36.4%	43.94%	-34.87%	99.73%	-54.18%	76.27%	25.77%	-39.1%
Earnings Per Share (EPS)	₹7.09	₹9.59	₹13.85	₹9.21	₹18.4	₹8.54	₹15.06	₹18.93	₹11.53
Diluted Shares Outstanding (Cr.)	677	682	680	666	666	658	658	658	658
Profit/Loss from Associates	153	0	2,247	1,715	0	1,508	1,682	1,503	1,504
Other Comprehensive Income (Net of Tax)	94	-123	-2,733	1,326	2,670	-583	3,139	-511	733
Expenses	48,737	67,617	65,932	52,538	78,583	1,41,455	1,23,594	1,28,967	1,35,383
Material Cost %	7.57%	6.66%	6.08%	6.8%	11.96%	4.7%	5.49%	5.11%	5.66%
Employee Cost %	2.46%	2.44%	2.25%	2.87%	1.95%	1.3%	1.7%	1.57%	1.46%
Other Cost %	8.67%	7.04%	6.95%	8.38%	6.24%	5.25%	6.72%	6.24%	7.82%
Interest Coverage (x)	21.2	50.26	22.48	28.28	62.88	13.06	14.77	15.55	7.96

GAIL (India) revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

GAIL (India) balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

GAIL (India) annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	46,050	49,355	53,280	64,305	65,107	77,196	85,240	89,292
Equity Share Capital	2,255	4,510	4,440	4,440	6,575	6,575	6,575	6,575
Reserves & Surplus	43,749	44,758	48,742	59,674	58,352	70,422	78,422	82,475
Total Equity	46,050	49,355	53,280	64,305	65,107	77,196	85,240	89,292
Non-Current Liabilities	11,697	13,083	15,553	17,161	20,963	25,881	26,009	27,964
Long-term Borrowings	1,028	3,773	5,237	5,468	8,880	12,806	10,781	13,628
Deferred Tax Liabilities	6,510	4,039	4,088	4,199	4,395	4,136	4,260	5,113
Non-Current Provisions	702	539	557	676	809	942	994	19
Other Non-Current Liabilities	2,564	3,768	4,527	5,124	5,028	4,948	4,926	5,040
Non-Current Financial Liabilities	1,921	4,737	6,380	7,162	10,730	15,855	15,828	17,792
Current Liabilities	10,660	12,476	12,552	15,093	21,711	21,641	21,900	23,281
Short-term Borrowings	1,043	2,564	1,523	2,362	7,395	5,802	5,526	6,336
Trade Payables	3,876	3,922	4,453	5,361	7,144	6,640	7,760	6,104
Current Financial Liabilities	8,708	10,519	10,462	12,449	19,002	18,770	19,255	20,561
Other Current Financial Liabilities	3,789	4,033	4,486	4,725	4,463	6,328	5,969	8,122
Other Current Liabilities	573	1,182	1,262	1,771	1,780	1,795	1,558	1,794
Current Provisions	755	775	829	873	929	1,076	980	923
Current Tax Liabilities	624	—	—	—	—	—	107	3
Total Liabilities	22,357	25,559	28,105	32,254	42,674	47,521	47,908	51,245
Total Non-Current Assets	57,359	62,920	70,518	80,252	87,250	1,04,445	1,11,647	1,20,775
Property, Plant & Equipment (PPE)	31,288	35,897	37,953	40,410	44,651	47,957	49,353	59,424
Capital Work-in-Progress	9,738	11,666	13,400	15,490	16,647	23,627	27,421	24,072
Intangible Assets	1,413	2,333	3,208	4,162	5,046	7,232	6,158	5,777
Non-Current Investments	10,626	—	—	16,408	17,248	21,910	14,639	16,873
Loans – Non-Current	669	556	390	285	281	306	329	341
Other Non-Current Assets	963	754	1,115	865	1,034	1,147	1,143	1,113
Non-Current Financial Assets	12,472	11,593	14,429	18,893	19,128	23,595	24,248	26,922
Net Fixed Assets	42,438	49,896	54,560	60,062	66,343	78,815	82,932	89,274
Total Current Assets	11,049	11,994	10,867	16,307	20,531	20,272	21,502	19,762
Inventories	2,503	3,183	2,990	3,577	5,918	5,970	6,250	5,155
Trade Receivables	4,363	4,818	3,502	7,447	10,680	9,580	9,436	8,605
Cash & Cash Equivalents	297	624	1,507	1,520	244	1,146	1,317	959
Current Investments	—	—	468	—	—	—	—	—
Loans – Current	824	1,070	686	100	68	73	74	75
Current Financial Assets	6,911	7,905	7,167	12,030	13,674	12,905	13,382	11,989
Other Current Assets	1,635	907	710	701	938	1,396	1,845	2,610
Other Current Financial Assets	299	766	487	1,679	1,824	1,540	1,151	1,182
Current Tax Assets	—	—	—	—	—	—	24	8
Net Working Capital	389	-482	-1,685	1,214	-1,180	-1,369	-398	-3,520
Additional Asset Fields	1,532	764	511	623	924	1,087	243	242
Def Tax Assets	1,486	676	414	432	744	888	—	—
Non Controlling Int	46	87	97	191	180	199	243	242
Total Assets	68,407	74,914	81,385	96,559	1,07,781	1,24,717	1,33,149	1,40,537
Total Borrowings	2,071	6,338	6,760	7,830	16,275	18,608	16,307	19,964
Net Debt	1,774	5,713	5,254	6,311	16,031	17,462	14,990	19,005
Debt to Equity (x)	0.04	0.13	0.13	0.12	0.25	0.24	0.19	0.22
Current Ratio (x)	1.04	0.96	0.87	1.08	0.95	0.94	0.98	0.85

GAIL (India) cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

GAIL (India) annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	9,629	3,205	12,586	15,735	11,249
Profit Before Tax	15,464	5,748	10,913	14,592	8,221
Depreciation & Amortisation	2,420	2,702	3,672	3,799	3,835
Finance Costs	202	367	719	748	964
Working Capital Changes	-3,334	-3,103	1,222	1,639	240
Tax Paid	-3,284	-1,614	-3,274	-2,490	-1,778
Net Cash from Investing Activities	-5,646	-7,640	-8,273	-6,738	-9,154
Purchase of PPE	-6,971	-8,831	-12,501	-7,930	-8,806
Sale of Fixed Assets	33	77	14	13	9
Interest Received	93	128	346	376	257
Net Cash from Financing Activities	-3,916	2,972	-3,457	-8,941	-2,750
Proceeds from Borrowings	2,240	10,522	13,060	7,713	6,143
Repayment of Borrowings	-1,614	-2,077	-10,727	-10,014	-2,486
Interest Paid	-363	-679	-1,398	-1,486	-1,446
Dividend Paid	-3,995	-3,069	-3,621	-4,275	-3,945
Buyback / Redemption of Shares	0	-1,329	0	0	0
Lease Liabilities Paid	-217	-313	-788	-912	-1,018
Net Change in Cash	13	-1,276	902	171	-358
Effect of Foreign Exchange Changes	-54	187	47	115	297
Free Cash Flow	2,657	-5,626	85	7,805	2,442
CFO / PBT (x)	0.62	0.56	1.15	1.08	1.37

GAIL (India) key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

GAIL (India) trades at a P/E of 15.05× against a sector median of 10.65× — a 41% premium. Sector comparisons can mislead for conglomerates with mixed business lines.

GAIL (India) valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	15.05
Forward P/E	Valuation	9.93
P/B	Valuation	1.28
PEG (TTM)	Valuation	1.43
EV / EBITDA (TTM)	Valuation	16.35
P/S (TTM)	Valuation	0.81
Operating margin	Profitability	8.13%
Net margin (TTM)	Profitability	5.69%
Return on equity	Return ratios	8.71%
Return on capital employed	Return ratios	9.68%
Return on assets	Return ratios	3.51%
Debt to equity	Leverage & liquidity	0.28
Beta	Leverage & liquidity	1.43
EPS (TTM)	Per share	₹11.52
Book value	Per share	₹135.55
Revenue / share (TTM)	Per share	₹216.73
Cash flow / share	Per share	₹17.11
Dividend yield	Shareholder returns	3.14%
Dividend payout (TTM)	Shareholder returns	51.77%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

GAIL (India): frequently asked questions

What is GAIL (India)'s annual revenue?

GAIL (India) reported revenue of ₹1,42,094 crore in Mar 2026, down 0.1% on the previous financial year.

Is GAIL (India) profitable?

GAIL (India) reported a net profit of ₹7,582 crore in Mar 2026, down 39.1% on the previous financial year.

What is GAIL (India)'s EPS?

GAIL (India) reported earnings per share of ₹11.53 for Mar 2026.

What is GAIL (India)'s operating margin?

GAIL (India)'s operating margin for Mar 2026 was 8.10%.

What is GAIL (India)'s return on equity?

GAIL (India)'s return on equity stands at 8.71%. ROE measures profit generated per rupee of shareholder equity.

How many years of GAIL (India) financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about GAIL (India) Limited (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.