NSE: GUJGASLTD | BSE: 539336

Mid-range Performer

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442.55 0.20 (0.05%)

35.39% Fall from 52W High

208.5K NSE+BSE Volume

NSE 04 Sep, 2025 3:31 PM (IST)

30,464.7

Market Cap

High in industry

0.9

Beta 1Year

Low volatility

Dividend

Gujarat Gas Ltd. last dividend of ₹5.82 per share was given on 04 Sep 2025 See details

Gujarat Gas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for GUJGASLTD, BSE:539336 Gujarat Gas Ltd.

Gujarat Gas Ltd.

05 Nov 2023

442.55

0.05%

Margin strength helps offset flat QoQ volumes

Hold: Gujarat Gas Ltd.

Target

ICICI Securities Limited

Gujarat Gas (GUJGA) has delivered muted Q2FY24 earnings, with 23% YoY dip in EBITDA / 26% YoY dip in PAT to INR 5bn/INR 3bn, beating I-Sec’s estimates of EBITDA/PAT of INR 3.8/2.1bn, respectively. Earnings beat estimates despite a miss on volumes (9.3mmscmd vs estimates of 9.6mmscmd) with stronger margins offsetting the volumes miss.

Gujarat Gas Ltd. is trading above its 150 day SMA of 441.5

Gujarat Gas Ltd.

04 Sep 2023, 12:00AM

442.55

0.05%

Stronger propane prices drive another Morbi price hike by Gujarat Gas

Hold: Gujarat Gas Ltd.

Target

ICICI Securities Limited

Gujarat Gas (GUJGA) has hiked industrial gas prices at Morbi by INR 2.5/scm, the second hike in Q2, post a INR 2/scm hike taken in Aug’23. The decision has been driven by an improvement in propane prices in last 2-3 months. Prices have steadily improved since then, with Aug’23 prices at USD 470/t and Sep’23 prices declared at USD 550/t – coupled with an increase in import duties to ~18% from <6% earlier.

Gujarat Gas Ltd. is trading below its 50 day SMA of 451.6

Gujarat Gas Ltd.

04 Aug 2023, 12:00AM

442.55

0.05%

To invest INR 1bn in GSPC LNG for long-term advantages in transportation costs, loading access

Hold: Gujarat Gas Ltd.

Target

ICICI Securities Limited

Gujarat Gas (GUJGA) has delivered a weak Q1FY24, with 36% YoY dip in EBITDA/ 44% dip in PAT to INR 3.9bn/INR 2.2bn, missing I-Sec estimates of EBITDA/PAT of INR 7/4.6bn, respectively. The miss was due to a 5% YoY dip in volumes and a sharp 32% dip in EBITDA/scm.

Gujarat Gas Ltd. is trading above its 150 day SMA of 441.5

Gujarat Gas Ltd.

12 Jul 2023

442.55

0.05%

Difficult environment to force difficult choices

Hold: Gujarat Gas Ltd.

Recommendation Target

ICICI Securities Limited

Gujarat Gas (GUJGA) faces a tough choice: prioritise volume growth or maintain margins over the next 12 months. The conversion of about 55% of available units in its major consumption hub of Morbi to dual fuel use poses a challenge.

Gujarat Gas Ltd. has an average target of 550.67 from 3 brokers.

Gujarat Gas Ltd.

11 May 2023

442.55

0.05%

GUJARAT GAS LIMITED

Hold: Gujarat Gas Ltd.

Prabhudas Lilladhar

Gujarat Gas Ltd. is trading above its 150 day SMA of 441.5

Gujarat Gas Ltd.

11 May 2023

442.55

0.05%

Price cuts drive volume recovery

Buy: Gujarat Gas Ltd.

Motilal Oswal

Gujarat Gas Ltd. is trading below its 50 day SMA of 451.6

Gujarat Gas Ltd.

11 May 2023

442.55

0.05%

Resilient quarter, FY24E prospects strong as well

Buy: Gujarat Gas Ltd.

Target

ICICI Securities Limited

Gujarat Gas (GUJGA) has reported 20% YoY dip in recurring EBITDA and 19% YoY dip in net earnings to Rs5.6bn/Rs3.7bn, respectively, with QoQ performance being largely flat. However, earnings were strongly above our estimates, with sharply improved costs in Q4FY23 driving a material beat vs our EBITDA/PAT estimates of Rs3bn/Rs1.7bn, respectively.

Gujarat Gas Ltd. is trading below its 50 day SMA of 451.6

Gujarat Gas Ltd.

11 May 2023

442.55

0.05%

Gujarat Gas

Buy: Gujarat Gas Ltd.

Recommendation Target

ICICI Direct

Gujarat Gas Ltd. is trading below its 50 day SMA of 451.6

Gujarat Gas Ltd.

07 May 2023

442.55

0.05%

GUJARAT GAS LIMITED

Hold: Gujarat Gas Ltd.

Target

Prabhudas Lilladhar

Gujarat Gas Ltd. is trading above its 150 day SMA of 441.5

Gujarat Gas Ltd.

28 Apr 2023

442.55

0.05%

Another cut in industrial prices at Morbi; FY24 operational environment improving

Buy: Gujarat Gas Ltd.

Recommendation Target

ICICI Securities Limited

As per CNBC TV-18 (link), which we have confirmed with the Gujarat Gas (GGL) management, GGL has cut its Morbi industrial prices by a further Rs5/scm to keep prices competitive in the wake of the recent lowering of propane prices (estimated at ~Rs40/scm as of now). The revised industrial prices for Morbi are now at Rs39.5/scm (net of taxes) while non-Morbi prices remain at ~Rs47/scm.

Gujarat Gas Ltd. has an average target of 550.67 from 3 brokers.

Is Gujarat Gas Ltd. worth buying?

437 Votes:

Buy 80.09%

Sell 8.47%

Hold 11.44%

RESEARCH REPORTS

Hold SEE REPORTS >

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Sell SEE REPORTS >

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