Arthneeti

GAIL (India) Q2 FY27 Share Price & Earnings Call Analysis

₹167.91+1.66% today
Market cap
₹1.11L Cr
P/E
11.22
ROE
8.71%
PEG
1.07
Price to sales
0.76
Debt to equity
0.28
52W high / low
₹185 / ₹135
Sales growth (5Y)
19.80%
EBITDA margin
10.13%
Net profit margin
5.35%
Promoter holding
51.85%
Sales (last year)
₹1.47L Cr

Incorporated in 1984, GAIL, a Government of India undertaking, is an integrated natural gas company in India. It owns over 11,500 km of natural gas pipelines, over 2300 km of LPG pipelines, six LPG gas-processing units and a petrochemicals facility. It also has a joint-venture interest in Petronet LNG Ltd, Ratnagiri Gas and Power Pvt Ltd, and in the CGD business in several cities. GAIL has wholly owned subsidiaries in Singapore and the US for expanding its presence outside India in the segments of LNG, petrochemical trading and shale gas assets.

Guidance scorecard · Q2 FY27 call

What GAIL (India) Ltd's management guided
and where it ranks in Gas

#3of 10 in
Gas
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Natural Gas Transmission volume expected around 123 MMSCMD for FY'27, with potential revisions based on geopolitical/domestic demand changes.
  • Transmission volume growth driven by increased PNG connections, industrial uptake, and CGD sector expansion, targeting 275 new CNG stations and 3.7 lakh new DPNG connections over next two years.
  • LPG-HC production increased 20% due to additional gas allocation; production likely stable around 1.9 MMSCMD for FY'27.
  • Petrochemical unit (Pata Plant) moving towards ethane feedstock for sustainable margins; full utilization expected soon.
  • Incremental demand growth anticipated from CGD, fertilizer, power, industrial sectors, and LNG long-haul trucks as per PNGRB Vision 2030 targeting ~300 MMSCMD gas consumption.

2 more points from GAIL (India) Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what GAIL (India) Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Capex for FY'27: ₹11,500 crores guidance; ₹6,176 crores incurred in Q1 FY'27, showing strong progress.
  • Projects scheduled for completion in current financial year: JHBDPL remaining section, KKMBPL Phase II, Gurdaspur-Jammu Pipeline, C2-C3 Pipeline.
  • Projects slated for FY 2027-28 completion: Vijaipur-Bina Pipeline, DUPL-DPPL capacity augmentation.

2 more points from GAIL (India) Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what GAIL (India) Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Ask what GAIL (India) Ltd said on the order book →

Full Q1 FY27 analysis
Full Gas ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Gas
on management's own guidance

  1. IRM EnergyGood growth
    2
  2. Aegis Logistics LtdGood growth
    1
  3. This stockGAIL (India)Moderate growth
    3
See all potential multibaggersAll Gas rankings

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Gas companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Aegis Logistics Ltd20–40%Flat₹47,972 Cr38.3
2IRM Energy20–40%Flat₹1,060 Cr14.5
3GAIL (India)This stock10–20%Flat₹1.11L Cr11.2
410–20%Flat₹63,718 Cr104.8
510–20%Flat₹43,950 Cr10.4
610–20%Flat₹20,887 Cr10.7

Sign up free to see every company in the sector ranking and track GAIL (India) Ltd.

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Financials of GAIL (India) Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

GAIL (India) Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.90%51.90%51.92%51.92%51.90%51.88%51.88%51.88%51.88%51.88%51.79%51.85%
FIIs +14.24%14.17%15.20%16.79%16.05%14.79%14.91%13.72%14.07%13.04%15.00%16.59%
DIIs +19.37%19.56%18.13%16.92%17.59%19.02%18.93%19.88%19.76%20.50%19.09%17.88%
Government +7.92%7.63%7.63%7.62%7.61%7.61%7.61%7.61%7.61%7.61%7.59%7.60%
Public +6.58%6.75%7.14%6.76%6.84%6.68%6.66%6.92%6.69%6.98%6.52%6.07%
No. of Shareholders10,11,14512,27,20915,17,62215,50,41616,02,02816,71,48216,38,22716,32,18715,88,21016,17,71615,66,82715,20,267

Financials of GAIL (India) Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +32,98634,69832,75634,73833,88936,83536,44035,31135,53735,17335,57741,19847,139
Expenses +29,40530,49028,90829,94829,95233,66532,91431,64232,07732,24634,12334,10040,148
Operating Profit3,5804,2083,8494,7903,9373,1693,5263,6693,4602,9271,4537,0986,992
OPM %11%12%12%14%12%9%10%10%10%8%4.1%17%15%
Other Income +5959156516856433,2116745665166831,250475445
Interest200176159209188169174213234254263319323
Depreciation8378721,2411,1529229397869931,1771,1924749871,013
Profit before tax3,1384,0753,0994,1143,4705,2723,2403,0292,5652,1651,9666,2686,100
Tax %22%22%20%23%22%23%23%21%22%20%25%25%23%
Net Profit +2,4423,1932,4743,1832,6904,0842,5062,3821,9891,7291,4814,6714,724
EPS in Rs3.724.863.754.844.106.213.793.603.002.672.267.107.18

Financials of GAIL (India) Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +60,55752,05348,55254,49676,19072,51857,37292,770145,668133,228141,902141,598159,087
Expenses +54,92647,51742,53146,69566,25263,49550,12777,608138,168118,914126,489130,096140,617
Operating Profit5,6314,5366,0217,8029,9389,0227,24515,1617,50014,31415,41211,50218,470
OPM %9%9%12%14%13%12%13%16%5%11%11%8%12%
Other Income +9457311,2129481,7193,7962,8332,9252,8222,6725,2233,0232,853
Interest6528225092951593091792023657197409641,159
Depreciation1,4331,4961,5411,5271,6672,0802,1742,4202,7023,6723,7993,8353,665
Profit before tax4,4922,9495,1836,9289,83110,4297,72515,4647,25612,59516,0969,72516,499
Tax %32%37%35%31%33%9%20%20%23%21%23%22%
Net Profit +3,1601,8743,3744,8056,5539,5156,14312,3045,5969,90312,4637,58212,605
EPS in Rs4.672.764.987.099.6813.939.2118.408.5415.0618.9311.5319.21
Dividend Payout %24%37%56%43%25%31%36%36%59%37%40%48%

Financials of GAIL (India) Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital1,2681,2681,6912,2552,2554,5104,4404,4406,5756,5756,5756,5756,575
Reserves32,75435,13537,61439,42443,74944,75848,74259,67458,35270,42278,42282,47490,158
Borrowings +18,2919,0526,5533,8762,2246,9127,8739,21617,81621,79421,59524,83124,192
Other Liabilities +17,35513,60812,43315,79820,19918,75419,97523,25425,06225,94426,58326,68833,914
Total Liabilities69,66959,06358,29161,35368,42674,93481,03096,584107,805124,735133,176140,569154,839
Fixed Assets +33,97629,94630,09230,48032,70038,23041,16044,57249,69755,18858,83668,66773,503
CWIP13,8063,6884,1265,9389,73811,66613,40015,49016,64623,62727,42124,07225,069
Investments1,2729,84410,12510,45210,7229,89313,05816,40817,24821,91022,76526,23325,584
Other Assets +20,61515,58413,94814,48215,26715,14513,41320,11424,21424,01024,15521,59730,682
Total Assets69,66959,06358,29161,35368,42674,93481,03096,584107,805124,735133,176140,569154,839

Financials of GAIL (India) Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +4,2143,9606,0248,7697,9848,3458,9939,4203,20512,58615,72711,249
Cash from Investing Activity +-2,809-904-334-2,660-5,701-8,299-4,640-5,490-7,453-8,226-6,615-8,856
Cash from Financing Activity +-3,058-3,028-5,275-5,252-3,364281-3,471-3,9172,972-3,457-8,941-2,750
Net Cash Flow-1,65329415858-1,08132888213-1,276902171-358
Free Cash Flow1,4982,5004,0295,370443-8903,3092,481-5,548987,8182,451
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit93%103%120%130%102%121%142%84%64%111%118%113%

Financials of GAIL (India) Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191921232124222927262722
Inventory Days181417171621251917202016
Days Payable262527352425372820222419
Cash Conversion Cycle1281161320102023242219
Working Capital Days-12-17-10-24-5-10-24-6-6-8-7-14
ROCE %10%8%12%16%22%20%13%23%10%15%14%10%

Guidance history

How GAIL (India) Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

28out of 100

Momentum score · price trend

28 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−8.3%53%
Last 6 months+2.9%60%
Last 3 months−7.5%52%

The price is 29.4% below its all-time high of ₹237.69 (30 Aug 2024). Stocks more than 20% below their peak have their score halved, so 56 became 28.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For GAIL (India) Ltd: 0.4 × 53 + 0.4 × 60 + 0.2 × 52 = 56, halved to 28 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What GAIL (India) Ltd's management said in earlier quarters

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