Gail (India) Ltd
NSE: GAIL · Gas · sector
₹168.28NSE close 2026-10-26
Key numbers
Market cap₹1,10,646 cr
Price₹168.28
52w high / low₹187 / ₹134
P/E11.2xSector median 23.7x
P/B1.2xSector median 4.4x
Book value₹135.4
Dividend yield3.57%Sector median 2.20%
ROE11.3%Sector median 17.4%
ROCE11.6%Sector median 18.1%
OPM10.1%Sector median 15.8%
Debt / equity0.22xSector median 0.31x
EV/EBITDA8.6xSector median 15.4x
Interest cover11.8x
Current ratio0.85x
Sales growth 3y-0.9%Sector median -1.0%
Profit growth 3y+10.5%Sector median +17.6%
PEG1.06x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 2 companies in Gas (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹2,127 cr vs borrowings ₹19,964 cr (FY26): borrowings are higher by ₹17,838 cr.
- Operating profit covered interest 11.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 15% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹168.28 on 2026-10-26: -9.9% from the 52-week high, +25.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹240.29 · low ₹135.40
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33,981 | 36,937 | 36,551 | 35,429 | 35,657 | 35,303 | 35,705 | 41,350 |
| EBITDA | 3,937 | 5,609 | 3,535 | 3,669 | 3,460 | 2,927 | 1,453 | 7,098 |
| OPM % | 11.6% | 15.2% | 9.7% | 10.4% | 9.7% | 8.3% | 4.1% | 17.2% |
| Other income | 277 | 378 | 392 | 144 | 237 | 338 | 791 | 132 |
| Net profit | 2,694 | 4,082 | 2,492 | 2,369 | 1,972 | 1,756 | 1,485 | 4,665 |
| EPS (₹) | 4.10 | 6.21 | 3.79 | 3.60 | 3.00 | 2.67 | 2.26 | 7.10 |
| Revenue YoY | +4.9% | -4.4% | -2.3% | +16.7% | ||||
| Profit YoY | -26.8% | -57.0% | -40.4% | +96.9% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 92,874 | 1,45,875 | 1,33,500 | 1,42,291 | 1,42,094 | 1,48,016 |
| EBITDA | 16,914 | 7,488 | 14,296 | 17,872 | 11,510 | 14,939 |
| Net profit | 12,256 | 5,616 | 9,899 | 12,450 | 7,582 | 9,879 |
| EPS (₹) | 27.60 | 8.52 | 15.06 | 18.93 | 11.53 | 15.03 |
| Revenue growth | +57.1% | -8.5% | +6.6% | -0.1% | +3.6% | |
| Profit growth | -54.2% | +76.3% | +25.8% | -39.1% | -15.1% | |
| Dividend / share (₹) | 9.00 | 5.00 | 5.50 | 6.50 | 6.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.9% | +19.9% | +3.6% |
| Net profit | +10.5% | +4.3% | -15.1% |
| EPS | +10.6% | -3.3% | – |
| Share price | – | -12.8% (2y) | -6.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 64,927 | 76,997 | 84,998 | 89,050 |
| Borrowings | – | 16,275 | 18,608 | 16,307 | 19,964 |
| Cash & equivalents | – | 1,103 | 1,712 | 2,721 | 2,127 |
| Total assets | – | 1,07,781 | 1,24,717 | 1,33,149 | 1,40,537 |
| Fixed assets | – | 44,651 | 47,957 | 49,353 | 59,424 |
| Capital work in progress | – | 16,646 | 23,627 | 27,421 | 24,072 |
| Investments | – | 17,248 | 21,910 | 14,639 | 16,873 |
| Receivables | – | 10,680 | 9,580 | 9,436 | 8,605 |
| Inventory | – | 5,918 | 5,970 | 6,250 | 5,155 |
| Payables | – | 7,144 | 6,640 | 7,760 | 6,104 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 9,629 | 3,205 | 12,586 | 15,735 | 11,249 |
| Cash from investing | -5,646 | -7,640 | -8,273 | -6,738 | -9,154 |
| Cash from financing | -3,916 | 2,972 | -3,457 | -8,941 | -2,750 |
| Capex | 6,971 | 8,831 | 12,501 | 7,930 | 8,806 |
| Free cash flow | 2,657 | -5,626 | 85 | 7,805 | 2,442 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 8.6% | 12.9% | 14.6% | 8.5% |
| ROCE % | – | 7.5% | 12.2% | 15.1% | 8.4% |
| Debtor days | – | 27 | 26 | 24 | 22 |
| Inventory days | – | 17 | 20 | 20 | 16 |
| Payable days | – | 20 | 22 | 24 | 19 |
| Cash conversion cycle (days) | – | 24 | 24 | 20 | 19 |
| Working capital days | – | -3 | -4 | -1 | -9 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 51.85% |
| FIIs | 16.59% |
| DIIs | 17.98% |
| of which Mutual funds | 7.10% |
| of which Insurance | 9.25% |
| Government | 7.51% |
| Public (non-institutions) | 6.07% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.90% | 51.88% | 51.88% | 51.88% | 51.88% | 51.88% | 51.79% | 51.85% |
| Promoter group | % |
|---|---|
| President of India | 51.85% |
| Oil and Natural Gas Corporation Limited | 5.00% |
| Indian Oil Corporation Limited | 2.50% |
| Public holders above 1% | % |
|---|---|
| Lici Annuity Non-par | 8.58% |
| SBI Arbitrage Opportunities Fund | 3.57% |
| NPS TR AC ICICI Pension Fund Scheme E - Tier I | 1.52% |
| T. Rowe Price Emerging Markets Discovery Stock Trust | 1.30% |
15,20,267 shareholders. Pledged: 0.00% of promoter shares.
Peers in Gas
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| GAIL | ₹1,10,646 cr | 11.2x | 1.2x | 11.3% | 11.6% | 10.1% | -0.9% | 3.57% |
| AEGISLOG | ₹45,318 cr | 36.2x | 7.5x | 23.4% | 24.6% | 21.5% | -1.1% | 0.83% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Natural Gas Transmission/Marketing | ₹1,55,918 cr | 87.9% | ₹9,404 cr | 6.0% |
| Petrochemicals | ₹7,574 cr | 4.3% | ₹-1,410 cr | -18.6% |
| City Gas | ₹7,401 cr | 4.2% | ₹699 cr | 9.4% |
| LPG and Liquid Hydrocarbons | ₹4,293 cr | 2.4% | ₹489 cr | 11.4% |
| Other Segment | ₹1,238 cr | 0.7% | ₹454 cr | 36.6% |
| LPG Transmission | ₹916 cr | 0.5% | ₹456 cr | 49.7% |
| Unallocated | ₹0 cr | 0.0% | ₹0 cr | 0.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Dividend | Dividend - Re 0.50 Per Share |
| 2026-02-05 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2025-08-04 | Dividend | Dividend - Re 1 Per Share |
| 2025-02-07 | Dividend | Interim Dividend - Rs 6.50 Per Share |
| 2024-02-06 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2023-03-21 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-09-06 | Bonus | Bonus 1:2 |
| 2022-08-01 | Dividend | Dividend - Rs 1 Per Share |
| 2022-04-21 | Buyback | Buyback |
| 2022-03-21 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-12-30 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2021-03-22 | Dividend | Interim Dividend - Rs 2.5 Per Share |
| 2021-01-27 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2021-01-27 | Buyback | Buyback |
| 2020-02-17 | Dividend | Interim Dividend - Rs 6.4 Per Share |
| 2019-08-08 | Dividend | Dividend - Rs 0.885 Per Share |
| 2019-07-09 | Bonus | Bonus 1:1 |
| 2019-02-12 | Dividend | Interim Dividend - Rs 6.25 Per Share |
| 2018-08-30 | Dividend | Annual General Meeting/Dividend- Rs 1.44 Per Share |
| 2018-03-27 | Bonus | Bonus 1:3 |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Natural Gas Marketing: Marketing of Natural Gas, Biofuels
- Natural Gas and LPG Transmission: Transmission of Natural Gas and LPG through pipeline
- Petrochemicals: Production and Marketing of Polyethylene
- Other Liquid HydroCarbons (LHC) Production: Production and Marketing of LPG, Propane, Pentane, Naphtha etc.
- Renewable Energy & others: Generation of Electricity (Wind and Solar) and Sale through Power Purchase Agreements (PPAs) etc.
| Sector | Energy |
| Industry | Gas |
| Sub-industry | Gas Transmission/Marketing |
| Symbol | GAIL |
| BSE code | 532155 |
| ISIN | INE129A01019 |
| Face value | ₹10.0 |
| Incorporated | 1984-08-16 |
| Website | gailonline.com |
| Plants (India / abroad) | 22 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.