About
Gujarat Energy Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations. The company also owns wind power generation assets in Gujarat and operates a pilot project of blending green hydrogen. Additionally, it provides IT services for various e-governance initiatives of the government of Gujarat. It operates in the states of Gujarat, Maharashtra, Punjab, Madhya Pradesh, Rajasthan, and Haryana; and 1 union territory of Dadra and Nagar Haveli, and Daman and Diu. The company was formerly known as Gujarat Gas Limited and changed its name to Gujarat Energy Limited in May 2026. Gujarat Energy Limited was incorporated in 2012 and is based in Gandhinagar, India.
Key Metrics
as of Sep 2026Market Cap24,736 Cr
P/E12.60
Div Yield3.38 %
Book Value₹268.00
52w High₹392.00
52w Low₹246.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9,444.00 | 5,765.00 | 3,658.00 | 3,780.00 | 5,730.00 | 4,102.00 | 4,153.00 | 3,782.00 | 4,450.00 | 4,134.00 | 3,929.00 | 3,845.00 | 3,782.00 |
| Expenses | 8,148.00 | 4,983.00 | 3,211.00 | 3,333.00 | 4,959.00 | 3,652.00 | 3,772.00 | 3,268.00 | 3,915.00 | 3,543.00 | 3,528.00 | 3,349.00 | 3,394.00 |
| Operating Profit | 1,295.00 | 782.00 | 447.00 | 447.00 | 770.00 | 450.00 | 380.00 | 514.00 | 536.00 | 591.00 | 401.00 | 497.00 | 388.00 |
| OPM % | 14.00 | 14.00 | 12.00 | 12.00 | 13.00 | 11.00 | 9.00 | 14.00 | 12.00 | 14.00 | 10.00 | 13.00 | 10.00 |
| Other Income | 187.00 | 98.00 | 55.00 | 73.00 | 125.00 | 74.00 | 59.00 | 39.00 | 39.00 | 87.00 | 23.00 | 30.00 | 24.00 |
| Depreciation | 142.00 | 144.00 | 135.00 | 134.00 | 141.00 | 129.00 | 129.00 | 130.00 | 123.00 | 121.00 | 120.00 | 118.00 | 115.00 |
| Interest | 9.00 | 10.00 | 9.00 | 8.00 | 9.00 | 7.00 | 9.00 | 8.00 | 8.00 | 7.00 | 7.00 | 8.00 | 7.00 |
| Profit before tax | 1,331.00 | 726.00 | 358.00 | 378.00 | 746.00 | 388.00 | 300.00 | 415.00 | 443.00 | 550.00 | 296.00 | 401.00 | 289.00 |
| Tax % | 25.00 | 28.00 | 26.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 | 26.00 |
| Net Profit | 998.00 | 521.00 | 266.00 | 281.00 | 561.00 | 287.00 | 222.00 | 307.00 | 330.00 | 410.00 | 220.00 | 298.00 | 215.00 |
| EPS in Rs | 10.64 | 7.56 | 3.86 | 4.08 | 8.15 | 4.17 | 3.22 | 4.46 | 4.79 | 5.95 | 3.20 | 4.33 | 3.12 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 23,388.00 | 16,487.00 | 15,690.00 | 16,759.00 | 16,456.00 | 9,866.00 | 10,300.00 | 7,754.00 | 6,174.00 | 5,093.00 | 6,106.00 | 9,006.00 |
| Expenses | 20,236.00 | 14,579.00 | 13,787.00 | 14,338.00 | 14,354.00 | 7,761.00 | 8,652.00 | 6,758.00 | 5,261.00 | 4,331.00 | 5,367.00 | 7,894.00 |
| Operating Profit | 3,151.00 | 1,908.00 | 1,904.00 | 2,422.00 | 2,103.00 | 2,105.00 | 1,649.00 | 997.00 | 913.00 | 762.00 | 739.00 | 1,112.00 |
| OPM % | 13.00 | 12.00 | 12.00 | 14.00 | 13.00 | 21.00 | 16.00 | 13.00 | 15.00 | 15.00 | 12.00 | 12.00 |
| Other Income | 555.00 | 201.00 | 161.00 | 98.00 | 77.00 | 68.00 | 82.00 | 93.00 | 28.00 | 17.00 | 10.00 | 101.00 |
| Interest | 38.00 | 52.00 | 54.00 | 67.00 | 82.00 | 134.00 | 205.00 | 208.00 | 206.00 | 218.00 | 250.00 | 334.00 |
| Depreciation | 579.00 | 511.00 | 474.00 | 428.00 | 385.00 | 344.00 | 318.00 | 288.00 | 272.00 | 257.00 | 245.00 | 238.00 |
| Profit before tax | 3,089.00 | 1,547.00 | 1,536.00 | 2,025.00 | 1,713.00 | 1,695.00 | 1,208.00 | 594.00 | 463.00 | 303.00 | 254.00 | 641.00 |
| Tax % | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 25.00 | 1.00 | 30.00 | 37.00 | 28.00 | 26.00 | 31.00 |
| Net Profit | 2,299.00 | 1,146.00 | 1,143.00 | 1,525.00 | 1,286.00 | 1,268.00 | 1,193.00 | 417.00 | 291.00 | 220.00 | 188.00 | 444.00 |
| EPS in Rs | 33.39 | 16.64 | 16.60 | 22.16 | 18.68 | 18.42 | 17.33 | 6.06 | 4.23 | 3.19 | 2.74 | 0.99 |
| Dividend Payout % | 35.00 | 35.00 | 34.00 | 30.00 | 11.00 | 11.00 | 7.00 | 17.00 | 19.00 | 19.00 | 18.00 | 16.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 188.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 | 138.00 |
| Reserves | 18,329.00 | 8,316.00 | 7,552.00 | 6,858.00 | 5,462.00 | 4,311.00 | 3,153.00 | 2,046.00 | 1,709.00 | 1,507.00 | 1,372.00 | 1,853.00 |
| Borrowings | 170.00 | 150.00 | 150.00 | 152.00 | 629.00 | 983.00 | 2,055.00 | 2,213.00 | 2,328.00 | 2,359.00 | 2,357.00 | 3,226.00 |
| Other Liabilities | 4,709.00 | 4,011.00 | 3,819.00 | 3,747.00 | 3,327.00 | 3,077.00 | 2,551.00 | 2,730.00 | 2,459.00 | 2,345.00 | 2,184.00 | 1,679.00 |
| Total Liabilities | 23,396.00 | 12,615.00 | 11,658.00 | 10,895.00 | 9,555.00 | 8,509.00 | 7,897.00 | 7,127.00 | 6,633.00 | 6,348.00 | 6,050.00 | 6,896.00 |
| Fixed Assets | 8,819.00 | 8,208.00 | 7,763.00 | 7,338.00 | 6,631.00 | 6,040.00 | 5,585.00 | 5,290.00 | 5,094.00 | 4,903.00 | 4,673.00 | 4,487.00 |
| CWIP | 829.00 | 839.00 | 918.00 | 983.00 | 992.00 | 731.00 | 569.00 | 489.00 | 478.00 | 506.00 | 468.00 | 357.00 |
| Investments | 2,275.00 | 136.00 | 135.00 | 30.00 | 22.00 | 20.00 | 17.00 | 16.00 | 16.00 | 68.00 | 122.00 | 1,099.00 |
| Other Assets | 11,474.00 | 3,433.00 | 2,842.00 | 2,544.00 | 1,909.00 | 1,717.00 | 1,725.00 | 1,333.00 | 1,045.00 | 871.00 | 787.00 | 953.00 |
| Total Assets | 23,396.00 | 12,615.00 | 11,658.00 | 10,895.00 | 9,555.00 | 8,509.00 | 7,897.00 | 7,127.00 | 6,633.00 | 6,348.00 | 6,050.00 | 6,896.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2,407.00 | 1,806.00 | 1,634.00 | 2,378.00 | 1,662.00 | 1,659.00 | 1,422.00 | 964.00 | 785.00 | 701.00 | 637.00 | 1,094.00 |
| Cash from Investing Activity | -1,955.00 | -1,921.00 | -879.00 | -1,041.00 | -1,294.00 | -612.00 | -467.00 | -612.00 | -430.00 | -458.00 | 375.00 | -365.00 |
| Cash from Financing Activity | -268.00 | -474.00 | -514.00 | -678.00 | -628.00 | -1,318.00 | -502.00 | -349.00 | -273.00 | -255.00 | -1,224.00 | -563.00 |
| Net Cash Flow | 185.00 | -589.00 | 241.00 | 658.00 | -260.00 | -272.00 | 453.00 | 3.00 | 82.00 | -13.00 | -212.00 | 166.00 |
| Free Cash Flow | 1,582.00 | 1,055.00 | 797.00 | 1,292.00 | 295.00 | 903.00 | 826.00 | 434.00 | 330.00 | 221.00 | 79.00 | 741.00 |
| CFO/OP % | 87.00 | 111.00 | 103.00 | 117.00 | 100.00 | 99.00 | 103.00 | 97.00 | 97.00 | 98.00 | 94.00 | 112.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 26.00 | 23.00 | 24.00 | 22.00 | 21.00 | 29.00 | 18.00 | 24.00 | 23.00 | 25.00 | 18.00 | 15.00 |
| Inventory Days | 19.00 | — | — | — | — | 3.00 | 2.00 | 4.00 | 4.00 | 4.00 | 3.00 | 2.00 |
| Days Payable | 32.00 | — | — | — | — | 23.00 | 16.00 | 21.00 | 23.00 | 30.00 | 19.00 | 21.00 |
| Cash Conversion Cycle | 14.00 | 23.00 | 24.00 | 22.00 | 21.00 | 8.00 | 4.00 | 7.00 | 5.00 | -1.00 | 2.00 | -4.00 |
| Working Capital Days | 62.00 | -8.00 | -35.00 | -33.00 | -25.00 | -48.00 | -38.00 | -45.00 | -55.00 | -67.00 | -85.00 | -81.00 |
| ROCE % | 23.00 | 20.00 | 21.00 | 31.00 | 31.00 | 34.00 | 29.00 | 19.00 | 17.00 | 14.00 | 12.00 | 19.00 |
Corporate Actions
15 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 02 Jul 2026 | 02 Jul 2026 | — | — | Spin Off |
| Other | 02 Jul 2026 | 02 Jul 2026 | — | — | Demerger |
| Dividend | 04 Sep 2025 | 05 Sep 2025 | — | 5.82 | |
| Dividend | 09 Sep 2024 | 09 Sep 2024 | — | 5.66 | |
| Dividend | 11 Sep 2023 | 11 Sep 2023 | — | 6.65 | |
| Dividend | 19 Aug 2022 | 22 Aug 2022 | — | 2.00 | |
| Dividend | 08 Sep 2021 | 09 Sep 2021 | — | 2.00 | |
| Dividend | 09 Sep 2020 | 10 Sep 2020 | — | 1.25 | |
| Dividend | 12 Sep 2019 | — | — | 1.00 | |
| Split | 15 Jan 2019 | 16 Jan 2019 | 10:2 | — | |
| Dividend | 18 Sep 2018 | — | — | 4.00 | |
| Dividend | 20 Sep 2017 | — | — | 3.00 | |
| Dividend | 21 Sep 2016 | — | — | 2.50 | |
| Other | 21 Sep 2016 | — | — | — | Dividend - 2.50 Per Share |
| Dividend | 17 Dec 2015 | — | — | 5.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update19 Aug from care
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Rating update9 Jun from crisil
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Rating update9 Mar from crisil
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Rating update26 Nov 2025 from fitch
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Rating update29 Sep 2025 from care
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Rating update9 Dec 2024 from crisil