GAIL Share Price has been on a roller coaster ride over the past few months, with investors keeping a close eye as the share price continues to fluctuate. For those who are looking for more information about this company and its current stock performance, here is an overview of all you need to know about Gail’s share price movements and potential future predictions.
Gail Share Price Graph
About the Company
Gail otherwise known as Gas Authority of India Limited was established in 1984. It was incorporated to provide infrastructure in the gas sector with a view to creating sustainable growth in the gas sector. Gail is the flagship company of India in the natural gas segment. In 2002, the name Gail (India) Limited came into being.
In 1991, the Hazira-Vijaipur-Jagdishpur (HVJ) 2800 km pipeline was inaugurated to enable the distribution of gas. Later within a couple of years, three LPG plants came into being and Gail also acquired some regional pipelines. The whole procedure enabled Gail to start the full-fledged operation of carriage and distribution of LPG to different areas.
By 1997 Gail advanced its operation by starting to distribute CNG (compressed natural gas) through 9 CNG stations for a vast fleet of commercial vehicles in Delhi. In 1999, they set up the first petrochemical plant in India at Pata.
Gail added another feather to its crown when it started the world’s longest pipeline for distribution of LPG along Jamnagar – Loni incidentally which was also the first cross-country LPG distribution pipeline of India.
Gail, with a view to becoming a leader, has always been on the lookout for strategic diversification. In 2001, it started leasing bandwidth for telecom companies through its newly formed subsidiary Gailtel. Later Gail also diversified its business into the business of power, liquid hydrocarbons.
Company Financials for Analyzing GAIL Share Price
GAIL share price is Rs 380.70 (as of 19.06.17, EOD) in BSE. As per the latest data on Gail share price, the standalone basis P/E is 18.24 versus the average industry PE of 19.70, and EPS is Rs 20.71. The market cap is Rs 63,906 crores. The face value of a share is Rs 10. The Book Value per share is Rs 184.99. The price over book value ratio or P/BV is 1.95. The Dividend yield is 2.53%. The 52 weeks high price is Rs 399.40 and 52 weeks low is Rs 295.25.
GAIL earns its revenue mostly from the sale of Natural Gas. But there are other sources of earning as well. The audited financial report of Gail Ltd. for the year ended 31 March 2018 shows that the company has earned Rs 38213.13 crores from the sales of Natural Gas amounting to 78.17% of total sales, earned Rs 5377.28 crores from the sales of Polymers amounting to 11.00% of total sales value, Rs 2399.76 crores earned from sales of Liquified Natural Gas (LNG) amounting to 4.90% of total sales, revenue from sales of services contributed Rs 1707.33 crores ( 3.49% of total sales ), Sale of Propane contributed Rs 397.76 crores amounting to 0.81% of total sales value, sale of Naptha contributed Rs 246.45 crores (0.50% of total sales value) and sale if other products contributed Rs 222.29 crores amounting to 0.45% of total sales.
In addition to the revenue earned from the sale of products already mentioned, GAIL also earned revenue from other operating income which contributed Rs 94.24 crores (0.19% of sales value). The sale of Propane contributed Rs 93.74 crores which contributed 0.19% to total sales. Revenue from Power contributed Rs 68.05 crores (o.13% of sales value). Sales from crude oil contributed Rs 34.23 crores (0.07% of total sales value). Sales from Butane contributed Rs 26.00 crores (0.05% of sales value). Meanwhile, income from telecommunication earned Rs 2.73 crores (0.00% of sales value).
The company’s top management includes Dr Ashutosh Karnatak, Dr A K Pujari, Dr Rahul Mukherjee, Mr Ashish Chatterjee, Mr Anupam Kulshrestha, Mr B C Tripathi, Mr Gajendra Singh, Mr Sanjay Tandon, Mr Dinkar Prakash Srivastava, Mr Jayanto Narayan Choudhury, Mr P K Gupta, Mr Manoj Jain, Mr S K Srivastava, Mrs Banto Devi Kataria, Mr Subir Purkayastha, Ms Indrani Kaushal.
GAIL (India) Ltd. has appointed M/S ASA u0026amp; Associates LLP as its auditors.
As on 30 September 2018, the company has a total of 2,255,070,933 shares outstanding.
Gail share price pattern currently has different shareholders in the manner as stated below.
- The promoters and promoter group of the company hold 1,196,872,456 nos of shares which is equivalent to 53.07% of total shares.
- The foreign institutions or FIIs hold another 418,007,497 nos of shares amounting to 18.54% of total shares.
- The non-banking financial institutions or NBFCs and mutual funds together also hold 234,029,654 nos of shares or 10.60% of total shares.
- The Central Government holds 175,171,948 nos of shares or 7.77% of total shares.
- Other financial institutions hold 119,520,209 nos of shares amounting to 5.30% of total shares.
- Others hold 54,337,125 nos or shares or 2.41% of total shares.
- The general public holds 35,927,672 nos of shares which is equivalent to 1.59% of total shares.
- In addition, a total number of 16,209,367 shares are subscribed to GDR which is equivalent to 0.72% of total shares.
Final Thoughts about GAIL Share Price
Overall, the Gail share price has demonstrated considerable stability over recent years and could be an attractive addition to any portfolio seeking a diversified energy-related stock. In conclusion, with India’s expected economic growth poised to contribute to the already successful sector of GAIL company, savvy investors may be well served by adding this promising outlook to their portfolios in 2023.