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HomeSTOCKSStrong Increase In Gas Transport, Petrochemical; ₹178 Govt Share Will Double?

Strong Increase In Gas Transport, Petrochemical; ₹178 Govt Share Will Double?

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Gail (India) Ltd (NSE: GAIL) Share Price: GAIL India share has delivered a profit of 89.66 percent in the past year. 

The current price of the share on BSE is 178.50 rupees. Brokerage firm anticipates growth to continue in GAIL India. 

So, the Brokerage has raised the price target for GAIL India share at ₹178 per share, with a ‘Buy’ rating. 

This week, the stock traded at 178.50 which was an increase of 2.76 percent on the BSE. 

The stock reached a record high of Rs 180 on that day. The stock has gained around 46 percent over the past three months.

GAIL India Limited’s total net profits on a stand-alone basis for the quarter ending December 2023 of the financial year currently in operation was 10 times higher, reaching Rs 2842.62 crore. 

The high performance across every business segment including gas transportation to Petrochemicals, has resulted in an impressive increase in profits. 

The profit for the quarter between July and September 2023 was 2404.89 crore. 

The revenue from operations of the company remained pretty steady at 34,253.52 crore during the October-December 2023 period.

GAIL India’s Q3 Profit Was More Than What Was Expected

The Brokerage has stated in its research that its net income of 2843 crore was 29 percent higher than the estimate. 

The increase in profit was driven by strong earnings from the Gas Trading/Petchem sector and higher income from other sources along with an uptick in interest cost/tax rates. 

GAIL share was able to profit from the strong margins in marketing, whereas LPG-LHC EBITDA increased due to more realized. 

The management of the company has increased its FY24 gas marketing EBITDA estimates by Rs 5500 crore and anticipates it to reach Rs 4000 crore in FY25 and Rs 4500 crore in FY26.

The Brokerage expressed their opinion that, based on GAIL India’s performance and prospects the brokerage has kept a ‘buy’ rating on GAIL India shares. The price target was increased to 178 rupees per share.

About Gail (India) Ltd Company

GAIL (India) Limited is an Indian natural gas distribution and processing company. It was established in 1984. 

It’s involved in tasks of transmission, Electric power generation, and distribution. It holds a joint venture interest of Ratnagiri Gas and Power Pvt Ltd, Petronet LNG Ltd, and its CGD business. 

Its segments include Natural Gas Marketing, Transmission Services, Liquid LPG Hydrocarbons, Petrochemicals as well as Other Segments. 

Other segments include City Gas Distribution (CGD), Exploration and Production (E&P), and GAIL Tel along power generation. 

The total operating revenues for the business is 144249.68 crores, while equity capital is 6575.10 crores.

Fundamental Analysis of Gail (India) Ltd

Market Cap₹ 1,16,971 Cr.
Current Price₹ 178.50
52-wk High₹ 180
52-wk Low₹ 91.05
Stock P/E14.54
Book Value₹ 111
Dividend3.09 %
ROCE9.76 %
ROE8.69 %
Face Value₹ 10.0
P/B Value1.61
OPM8.23 %
EPS₹ 12.3
Debt₹ 17,951 Cr.
Debt to Equity0.25

Gail (India) Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 185₹ 205
2025₹ 215₹ 245
2026₹ 250₹ 260
2027₹ 265₹ 275
2028₹ 285₹ 300
2029₹ 315₹ 345
2030₹ 350₹ 360
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Gail (India) Ltd Shareholding Pattern

Promoters Holding
Dec 202251.91%
Mar 202351.91%
June 202351.91%
Sept 202351.91%
Dec 202351.90%
FII Holding
Dec 202218.04%
Mar 202316.40%
June 202316.09%
Sept 202314.76%
Dec 202314.24%
DII Holding
Dec 202215.97%
Mar 202317.93%
June 202318.06%
Sept 202319.14%
Dec 202319.37%
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Govt. Holding
Dec 20227.91%
Mar 20237.93%
June 20237.93%
Sept 20237.91%
Dec 20237.92%
Public Holding
Dec 20226.18%
Mar 20235.83%
June 20236.01%
Sept 20236.30%
Dec 20236.58%

Gail (India) Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 76,190 Cr
2020₹ 72,518 Cr
2021₹ 57,372 Cr
2022₹ 92,770 Cr
2023₹ 133,679 Cr
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Last 5 Years’ Net Profit:

2019₹ 6,553 Cr
2020₹ 9,515 Cr
2021₹ 6,143 Cr
2022₹ 12,304 Cr
2023₹ 8,071 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20190.05
20200.13
20210.13
20220.12
20230.25

Last 10 Years’ Profit Growth:

10 Years:3%
5 Years:3%
3 Years:-16%
Current Year:-4%

Last 10 years’ Return on Equity (ROE):

10 Years:13%
5 Years:15%
3 Years:14%
Last Year:9%

Sales Growth Over 10 Years:

10 Years:11%
5 Years:22%
3 Years:26%
Current Year:-4%

Conclusion

This article is a complete guide about Gail (India) Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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Also Read: Huge Earning In CNG Sale; Share Will Run Like Rocket; ₹1132 And ₹1326 Target

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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