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Commentary (9 May 2024 @ 05:59):

Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 33,500 kilometers of gas pipeline and 721 compressed natural gas stations...

Stats
Today's Volume	1.18M
Average Volume	1.54M
Market Cap	366.19B
EPS	INR0 ( 2024-05-08 )
Next earnings date	( INR4.90 ) 2024-08-02
Last Dividend	INR6.65 ( 2023-09-11 )
Next Dividend	INR0 ( N/A )
P/E	33.21
ATR14	INR0.670 (0.13%)

Volume Correlation

Long: 0.15 (neutral)

Short: 0.83 (strong)

Signal:(53.582) Same movement expected

Gujarat Gas Limited Correlation

10 Most Positive Correlations
DALALSTCOM.NS	0.861

10 Most Negative Correlations
ABBOTINDIA.NS	-0.812

Did You Know?

Correlation is a statistical measure that describes the relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation (as one variable increases, the other decreases), 1 indicates a perfect positive correlation (as one variable increases, the other increases), and 0 indicates no correlation (there is no relationship between the variables).

Correlation can be used to analyze the relationship between any two variables, not just stocks. It's commonly used in fields such as finance, economics, psychology, and more.

Gujarat Gas Limited Correlation - Currency/Commodity

-0.81
( strong negative )

-0.05
( neutral )

-0.74
( moderate negative )

-0.20
( neutral )

-0.39
( neutral )

0.65
( weak )

Gujarat Gas Limited Financials

Annual	2023
Revenue:	INR156.90B
Gross Profit:	INR24.61B (15.69 %)
EPS:	INR16.61

FY	2023
Revenue:	INR156.90B
Gross Profit:	INR24.61B (15.69 %)
EPS:	INR16.61

FY	2022
Revenue:	INR167.59B
Gross Profit:	INR34.86B (20.80 %)
EPS:	INR22.20

FY	2022
Revenue:	INR164.54B
Gross Profit:	INR25.77B (15.66 %)
EPS:	INR18.70

Financial Reports:

No articles found.

Gujarat Gas Limited Dividends

(Q3/22)	(Q4/22)	(Q1/23)	(Q2/23)	(Q3/23)	(Q4/23)	(Q1/24)	(Q2/24)	(Q3/24)	(Q4/24)
INR2.00 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR6.65 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)	INR0 (N/A)

Gujarat Gas Limited Dividend Information - Dividend Knight

Dividend Sustainability Score: 9.55 - good (95.54%) | Divividend Growth Potential Score: 5.58 - Stable (11.52%)

Very Unsafe

High risk of being cut

Unsafe

Heightened risk of being cut

Borderline

Moderate risk of being cut

Safe

Unlikely to be cut

Very Safe

Very unlikely to be cut

Information

First Dividend	INR1.000	2015-12-17
Last Dividend	INR6.65	2023-09-11
Next Dividend	INR0	N/A
Payout Date	0000-00-00
Next Payout Date	N/A
# dividends	9	--
Total Paid Out	INR15.80	--
Avg. Dividend % Per Year	0.53%	--
Score	3.07	--
Div. Sustainability Score	9.55
Div.Growth Potential Score	5.58
Div. Directional Score	7.56	--

Next Divdend (Est)
(2024-06-14)

INR8.67 Estimate 3.11 %

Dividend Stability

0.25 Very Poor

Dividend Score

3.07

Pay Frequency

Annually

Yearly Payout

Year	Amount	Yield
2015	INR0	0.00%
2016	INR0	0.00%
2017	INR0	0.00%
2018	INR0.800	0.47%
2019	INR1.000	0.75%
2020	INR1.250	0.49%
2021	INR2.00	0.53%
2022	INR2.00	0.31%
2023	INR6.65	1.36%
2024	INR0	0.00%

Dividend Commentary

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

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TTKPRESTIG.NS	Dividend Junior	2023-07-21	Annually	20	0.43%
PKTEA.NS	Dividend Junior	2023-09-18	Sporadic	15	0.24%
JKLAKSHMI.NS	Dividend Junior	2023-08-11	Annually	18	0.50%
DHRUV.NS	Dividend Junior	2023-09-05	Insufficient data to determine frequency	2	0.15%
SOMANYCERA.NS	Dividend Junior	2023-08-18	Annually	23	0.39%
MMP.NS	Dividend Junior	2023-08-18	Annually	4	0.49%

Dividend Sustainability Score (DSS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
netProfitMarginTTM	0.0729	1.500	8.54	10.00	[0 - 0.5]
returnOnAssetsTTM	0.0978	1.200	6.74	8.09	[0 - 0.3]
returnOnEquityTTM	0.158	1.500	9.35	10.00	[0.1 - 1]
payoutRatioTTM	0	-1.000	0	0	[0 - 1]
currentRatioTTM	0.792	0.800	-1.041	-0.833	[1 - 3]
quickRatioTTM	0.696	0.800	-0.612	-0.490	[0.8 - 2.5]
cashRatioTTM	0.329	1.500	9.28	10.00	[0.2 - 2]
debtRatioTTM	0.00278	-1.500	9.95	-10.00	[0 - 0.6]
interestCoverageTTM	50.45	1.000	10.00	10.00	[3 - 30]
operatingCashFlowPerShareTTM	13.44	2.00	5.52	10.00	[0 - 30]
freeCashFlowPerShareTTM	13.44	2.00	3.28	6.56	[0 - 20]
debtEquityRatioTTM	0.00421	-1.500	9.98	-10.00	[0 - 2.5]
grossProfitMarginTTM	0.189	1.000	-0.184	-0.184	[0.2 - 0.8]
operatingProfitMarginTTM	0.0942	1.000	-0.115	-0.115	[0.1 - 0.6]
cashFlowToDebtRatioTTM	28.47	1.000	10.00	10.00	[0.2 - 2]
assetTurnoverTTM	1.342	0.800	4.39	3.51	[0.5 - 2]
Total Score				9.55

Dividend Growth Score (DGS)

Ratio	Actual Value	Weight	Normalized Value	Score	Range
peRatioTTM	32.79	1.000	6.79	0	[1 - 100]
returnOnEquityTTM	0.158	2.50	9.58	10.00	[0.1 - 1.5]
freeCashFlowPerShareTTM	13.44	2.00	5.52	6.56	[0 - 30]
dividendYielPercentageTTM	1.221	1.500	10.00	0	[0 - 0.4]
operatingCashFlowPerShareTTM	13.44	2.00	5.52	10.00	[0 - 30]
payoutRatioTTM	0	1.500	0	0	[0 - 1]
pegRatioTTM	24.20	1.500	10.00	0	[0.5 - 2]
operatingCashFlowSalesRatioTTM	0.0590	1.000	-1.026	0	[0.1 - 0.5]
Total Score				5.58

Gujarat Gas Limited

Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 33,500 kilometers of gas pipeline and 721 compressed natural gas stations. As of March 31, 2022, the company supplied piped natural gas to approximately 17 lakh households; approximately 4,300 industrial customers; and approximately 13,600 commercial and non-commercial customers. It operates in 21 districts of the state of Gujarat, 9 districts of the state of Punjab, 5 districts of the state of Madhya Pradesh, 4 districts of the state of Rajasthan, 2 districts of the state of Maharashtra, 2 districts of the state of Haryana, and Dadra and Nagar Haveli in the Union Territory of Dadra and Nagar Haveli and Daman and Diu. The company was formerly known as GSPC Distribution Networks Limited and changed its name to Gujarat Gas Limited in May 2015. Gujarat Gas Limited was incorporated in 2012 and is based in Ahmedabad, India. Gujarat Gas Limited is a subsidiary of Gujarat State Petronet Limited.