Gujarat Gas Limited (GGL) is India’s largest city gas distribution (CGD) company, operating under the administrative control of Gujarat State Petroleum Corporation (GSPC). It is listed on the NSE (GUJGASLTD) and BSE (539336) and serves residential, industrial, commercial, and vehicular consumers across six states and one union territory, with over 42,600 km of pipeline and 828+ CNG stations, reaching 22.6 million households.
Recent News and Financial Updates
Q4 FY25 Performance: For the quarter ending March 31, 2025, GGL achieved an EBITDA of Rs 5,240 million (up 19% QoQ) and a profit after tax of Rs 2,870 million (up 30% QoQ). Total sales volume was 9.31 mmscmd, with industrial (5.03 mmscmd), domestic PNG (0.89 mmscmd), and commercial PNG (0.16 mmscmd) contributions. The company added 38,700 new domestic customers and three CNG stations. A dividend of Rs 5.82 per share (291% of face value) was approved, pending shareholder approval.
Order Win: On June 26, 2025, Surya Roshni Limited secured a Rs 75.4 crore order from GGL for supplying 3LPE-coated ERW steel pipes across various locations.
Merger Approval: In August 2024, Gujarat State Petronet approved the merger of Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), and GSPC Energy with GGL, potentially strengthening its operational base.
Market and Industry Context
CNG Prices: As of July 3, 2025, CNG in Gujarat is priced at Rs 79.67 per kg, unchanged over the past 10 days, influenced by global natural gas prices.
LPG Price Cut: Commercial 19-kg LPG cylinder prices were reduced by Rs 58.50 effective July 1, 2025, benefiting commercial users but not affecting domestic LPG prices (Rs 853 per 14.2-kg cylinder).
Sector Outlook: The CGD sector is seeing growth due to rising CNG adoption, infrastructure expansion, and policy support for cleaner fuels. GGL is expanding in Thane rural, Ahmedabad rural, and Rajasthan to capture industrial demand, though it faces challenges from electric vehicle adoption and competition in the I&C segment.
Positive Developments
GGL’s infrastructure (42,600 km pipeline, 828+ CNG stations) and focus on CNG volume growth (12% YoY target) position it well in the CGD market.
A positive effect is also visible in the chart also, Gujarat’s state-owned enterprises, including GGL, outperformed Sensex and Nifty in Q1 FY26, with GGL’s stock rising 14.3% from Rs 412.60 to Rs 471.60 between March 28 and June 30, 2025. Strategic expansions in new geographies and industrial zones support long-term growth.
Strategic expansions in new geographies and industrial zones support long-term growth.
Recent News and Financial Updates
Q4 FY25 Performance: For the quarter ending March 31, 2025, GGL achieved an EBITDA of Rs 5,240 million (up 19% QoQ) and a profit after tax of Rs 2,870 million (up 30% QoQ). Total sales volume was 9.31 mmscmd, with industrial (5.03 mmscmd), domestic PNG (0.89 mmscmd), and commercial PNG (0.16 mmscmd) contributions. The company added 38,700 new domestic customers and three CNG stations. A dividend of Rs 5.82 per share (291% of face value) was approved, pending shareholder approval.
Order Win: On June 26, 2025, Surya Roshni Limited secured a Rs 75.4 crore order from GGL for supplying 3LPE-coated ERW steel pipes across various locations.
Merger Approval: In August 2024, Gujarat State Petronet approved the merger of Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL), and GSPC Energy with GGL, potentially strengthening its operational base.
Market and Industry Context
CNG Prices: As of July 3, 2025, CNG in Gujarat is priced at Rs 79.67 per kg, unchanged over the past 10 days, influenced by global natural gas prices.
LPG Price Cut: Commercial 19-kg LPG cylinder prices were reduced by Rs 58.50 effective July 1, 2025, benefiting commercial users but not affecting domestic LPG prices (Rs 853 per 14.2-kg cylinder).
Sector Outlook: The CGD sector is seeing growth due to rising CNG adoption, infrastructure expansion, and policy support for cleaner fuels. GGL is expanding in Thane rural, Ahmedabad rural, and Rajasthan to capture industrial demand, though it faces challenges from electric vehicle adoption and competition in the I&C segment.
Positive Developments
GGL’s infrastructure (42,600 km pipeline, 828+ CNG stations) and focus on CNG volume growth (12% YoY target) position it well in the CGD market.
A positive effect is also visible in the chart also, Gujarat’s state-owned enterprises, including GGL, outperformed Sensex and Nifty in Q1 FY26, with GGL’s stock rising 14.3% from Rs 412.60 to Rs 471.60 between March 28 and June 30, 2025. Strategic expansions in new geographies and industrial zones support long-term growth.
Strategic expansions in new geographies and industrial zones support long-term growth.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.