|
14 Mar 2025 |
Gujarat Gas
|
Consensus Share Price Target
|
387.55 |
476.96 |
- |
23.07 |
hold
|
|
|
|
|
08 Feb 2025
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
560.00
|
460.80
(-15.90%)
|
44.50 |
Buy
|
|
|
Gujarat Gas (GUJGA) reported 26/28% YoY decline in EBITDA/PAT to INR 3.8bn/INR 2.2bn (I-Sec est. of INR 4.1/INR 2.3bn) in Q3FY25.
|
|
07 Feb 2025
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
395.00
|
460.80
(-15.90%)
|
Target met |
Sell
|
|
|
|
|
07 Nov 2024
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
565.00
|
540.80
(-28.34%)
|
45.79 |
Hold
|
|
|
|
|
07 Nov 2024
|
Gujarat Gas
|
Motilal Oswal
|
387.55
|
660.00
|
540.80
(-28.34%)
|
70.30 |
Buy
|
|
|
Gujrat Gas (GUJGA)’s 2QFY25 EBITDA was ahead of our estimates as a strong EBITDA/scm margin offset the volume weakness. Management slightly raised its margin guidance to INR5-6/scm (from INR4.5-5.5).
|
|
02 Sep 2024
|
Gujarat Gas
|
Motilal Oswal
|
387.55
|
715.00
|
680.00
(-43.01%)
|
84.49 |
Buy
|
|
|
Gujarat Gas has announced a scheme of amalgamation and arrangement, under which Gujarat State Petroleum Corp. (GSPC), Gujarat State Petronet (GUJS) and GSPC Energy (GEL) will merge with Gujarat Gas.
|
|
09 Aug 2024
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
666.00
|
610.70
(-36.54%)
|
Target met |
Accumulate
|
|
|
|
|
09 May 2024
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
350.00
|
531.95
(-27.15%)
|
9.69 |
Sell
|
|
|
Gujarat Gas (GUJGA) has delivered strong Q4FY24 earnings, with 48% QoQ surge in EBITDA/67% QoQ rise in adj. PAT to INR 5.9bn/INR 3.7bn
|
|
14 Feb 2024
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
548.00
|
559.75
(-30.76%)
|
Target met |
Hold
|
|
|
|
|
12 Jan 2024
|
Gujarat Gas
|
Sharekhan
|
387.55
|
615.00
|
534.60
(-27.51%)
|
Target met |
Buy
|
|
|
|
|
05 Nov 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
425.00
|
419.45
(-7.61%)
|
Target met |
Hold
|
|
|
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.
|
|
04 Sep 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
435.00
|
456.15
(-15.04%)
|
Target met |
Hold
|
|
|
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.
|
|
04 Aug 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
445.00
|
455.05
(-14.83%)
|
Target met |
Hold
|
|
|
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.
|
|
12 Jul 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
494.00
|
480.60
(-19.36%)
|
Target met |
Hold
|
|
|
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.
|
|
11 May 2023
|
Gujarat Gas
|
ICICI Direct
|
387.55
|
570.00
|
488.25
(-20.62%)
|
Target met |
Buy
|
|
|
|
|
11 May 2023
|
Gujarat Gas
|
Motilal Oswal
|
387.55
|
610.00
|
488.25
(-20.62%)
|
Target met |
Buy
|
|
|
|
|
11 May 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
585.00
|
462.85
(-16.27%)
|
Target met |
Buy
|
|
|
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.
|
|
11 May 2023
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
450.00
|
488.25
(-20.62%)
|
Target met |
Hold
|
|
|
|
|
07 May 2023
|
Gujarat Gas
|
Prabhudas Lilladhar
|
387.55
|
450.00
|
460.70
(-15.88%)
|
Target met |
Hold
|
|
|
|
|
28 Apr 2023
|
Gujarat Gas
|
ICICI Securities Limited
|
387.55
|
565.00
|
454.50
(-14.73%)
|
Target met |
Buy
|
|
|
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.
|
|
14 Feb 2023
|
Gujarat Gas
|
ICICI Direct
|
387.55
|
520.00
|
474.80
(-18.38%)
|
Target met |
Hold
|
|
|
|