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GAIL (India)
(LSE:GAID)
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Rating:58Neutral
Price Target:
$11.00
â–²(3.29% Upside)
Action:Reiterated
Date:09/23/26
The score is driven primarily by mixed financial performance—balance-sheet resilience is offset by weaker recent profitability and inconsistent/volatile free cash flow. Technical indicators add downside pressure given price below key moving averages and negative MACD. Valuation is a supporting factor due to a modest P/E, but the lack of dividend yield limits upside support.
Positive Factors
Balance-Sheet Resilience
Moderate leverage gives GAIL financial flexibility to maintain its pipeline and gas investments while limiting balance-sheet strain. Growing equity and assets provide resilience for a capital-intensive, regulated utility-style business over the next several quarters.
Negative Factors
Margin Compression
The FY26 deterioration in gross, operating, and net margins indicates that earnings are currently less efficient and less stable than at prior peaks. Persistent cost pressure or unfavorable pricing and product mix could limit profit growth even if revenue expands.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-Sheet Resilience
Moderate leverage gives GAIL financial flexibility to maintain its pipeline and gas investments while limiting balance-sheet strain. Growing equity and assets provide resilience for a capital-intensive, regulated utility-style business over the next several quarters.
Read all positive factors
GAIL (India) (GAID) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
$11.42B
Dividend Yield0%
Average Volume (3M)5.32K
Price to Earnings (P/E)11.4
Beta (1Y)0.89
Revenue Growth-2.89%
EPS Growth-21.28%
CountryUK
Employees5,038
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)75.18
Shares Outstanding1,095,850,000
10 Day Avg. Volume3,022
30 Day Avg. Volume5,320
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)<0.01
Price to Sales (P/S)0.00627
P/FCF Ratio0.36
Enterprise Value/Market Cap1.11
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.05
Enterprise Value/Ebitda0.07
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.99
Revenue Forecast (FY)$15.62B
GAIL (India) Business Overview & Revenue Model
Company Description
GAIL (India) Limited is an Indian state-owned enterprise primarily involved in the processing and distribution of natural gas, with the Government of India holding a majority ownership stake. Its principal business functions include the commercial...
How the Company Makes Money
GAIL makes money primarily through (1) natural gas transmission, (2) natural gas marketing/trading, (3) petrochemicals and gas processing, and (4) earnings from equity interests in joint ventures and associates.
1) Natural gas transmission (pipel...
GAIL (India) Earnings Call Summary
Earnings Call Date:Nov 05, 2024
(Q2-2025)
| % Change Since: |
Next Earnings Date:Oct 30, 2026
Earnings Call Sentiment Neutral
GAIL's earnings call reflected a robust first half of FY '25 with record profits and strong marketing margins. However, the second quarter witnessed a decline in gas marketing volumes and financial metrics compared to the first quarter, alongside challenges in LNG sourcing and increased operational expenses.Positive Updates
Record-Breaking Profit Before Tax (PBT) and Profit After Tax (PAT)
GAIL registered its highest ever PBT and PAT of INR 7,095 crores and INR 5,396 crores, respectively, for the first half of the financial year '25.
Negative Updates
Decline in Gas Marketing Volumes
Gas marketing volume decreased to 96.60 MMSCMD in Q2 FY '25 from 99.47 MMSCMD in Q1 FY '25, mainly due to reduced gas consumption by the power sector.
Read all updates
Q2-2025 Updates
Positive
Negative
Record-Breaking Profit Before Tax (PBT) and Profit After Tax (PAT)
GAIL registered its highest ever PBT and PAT of INR 7,095 crores and INR 5,396 crores, respectively, for the first half of the financial year '25.
Read all positive updates
Company Guidance
In the Q2 FY '25 earnings call for GAIL India Limited, the company reported significant financial metrics, including a stand-alone gross turnover of INR 32,814 crores, EBITDA of INR 3,453 crores, and PAT of INR 2,672 crores. On a consolidated basis, GAIL's turnover reached INR 33,861 crores with a PBT of INR 3,470 crores and PAT of INR 2,694 crores. The gas marketing volume for the quarter was 96.60 MMSCMD, while natural gas transmission volume stood at 130.63 MMSCMD. The average capacity utilization was 62%, with LPG transmission throughput at 1,124 TMT and a capacity utilization of 98%. The company incurred CapEx of INR 1,885 crores in Q2 and plans to achieve a marketing margin of at least INR 4,500 crores for the fiscal year, having already earned INR 3,287 crores in the first half of FY '25. Additionally, GAIL targets to increase its gas transmission volume by approximately 10 to 12 MMSCMD year-on-year over the next 2 to 3 years.GAIL (India) Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
74
Positive
Cash Flow
48
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.47T | 1.42T | 1.42T | 1.33T | 1.46T | 925.32B |
| Gross Profit | 276.67B | 242.02B | 261.65B | 181.83B | 168.37B | 220.79B |
| EBITDA | 172.55B | 145.24B | 206.43B | 170.33B | 74.37B | 180.86B |
| Net Income | 98.79B | 75.82B | 124.50B | 98.99B | 56.16B | 122.56B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 1.41T | 1.33T | 1.25T | 1.08T | 965.59B |
| Cash, Cash Equivalents and Short-Term Investments | 21.27B | 18.70B | 38.72B | 14.64B | 8.05B | 25.22B |
| Total Debt | 0.00 | 248.31B | 215.95B | 217.94B | 178.16B | 92.16B |
| Total Liabilities | -892.92B | 512.45B | 479.08B | 475.21B | 426.74B | 322.54B |
| Stockholders Equity | 892.92B | 890.50B | 849.98B | 769.97B | 649.27B | 641.14B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 24.42B | 78.05B | 845.50M | -56.26B | 26.57B |
| Operating Cash Flow | 0.00 | 112.49B | 157.35B | 125.86B | 32.05B | 96.29B |
| Investing Cash Flow | 0.00 | -91.54B | -67.38B | -82.73B | -76.40B | -56.46B |
| Financing Cash Flow | 0.00 | -27.50B | -89.41B | -34.57B | 29.72B | -39.16B |
GAIL (India) Technical Analysis
Negative
10.65
Price Trends
10.87
Negative
10.97
Negative
10.69
Negative
Market Momentum
-0.16
Positive
44.19
Neutral
18.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:GAID, the sentiment is Negative. The current price of 10.65 is below the 20-day moving average (MA) of 10.78, below the 50-day MA of 10.87, and below the 200-day MA of 10.69, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 44.19 is Neutral, neither overbought nor oversold. The STOCH value of 18.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:GAID.
GAIL (India) Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £6.71B | 9.25 | 21.92% | 3.84% | 0.27% | ― | |
66 Neutral | £631.92M | 8.35 | 32.38% | 5.93% | 5.60% | 5.05% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
60 Neutral | £29.96B | 24.24 | 9.45% | 2.78% | 0.54% | -2.65% | |
59 Neutral | £2.72B | 52.00 | 1.10% | 6.12% | -7.78% | -91.96% | |
59 Neutral | £57.73B | 17.44 | 8.47% | 4.21% | -3.76% | 8.20% | |
58 Neutral | $11.42B | 11.45 | 11.13% | 0.00% | -2.89% | -21.28% |
* Utilities Sector Average
GB:GAID
GAIL (India)
10.40
-0.97
-8.50%
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GAIL (India) Corporate Events
Shareholder Meetings
GAIL (India) Conducts 42nd AGM via Digital Platforms, Publishes Voting Results Online
Neutral
Sep 1, 2026
GAIL (India) Limited has announced that its 42nd Annual General Meeting of shareholders was held on 27 August 2026 at 11:30 a.m. via video conferencing and other audio-visual means, reflecting continued use of digital platforms for statutory corpo...
Business Operations and StrategyExecutive/Board ChangesDividendsFinancial DisclosuresRegulatory Filings and ComplianceShareholder Meetings
GAIL’s 42nd AGM Backs Dividend, Board Changes as Natural Gas Strategy Holds Firm
Positive
Aug 27, 2026
GAIL (India) Limited convened its 42nd Annual General Meeting for FY 2025-26 via video conferencing, allowing shareholders to participate remotely for the seventh consecutive year while complying with corporate and securities regulations. Manageme...
Executive/Board ChangesRegulatory Filings and Compliance
GAIL outlines credentials and compliance status of director Dr. Banwari Lal
Positive
Aug 21, 2026
GAIL (India) Limited has detailed the profile of Dr. Banwari Lal, who holds a Ph.D. in Agronomy and an LL.B., and brings over 33 years of professional experience in business taxation, general administration, and vigilance, including more than a de...
Business Operations and StrategyM&A Transactions
GAIL Secures 100% Ownership of Konkan LNG After Capital Reduction
Positive
Aug 13, 2026
GAIL (India) Limited has become the sole owner of Konkan LNG Limited after a court-approved reduction of Konkan LNG’s equity share capital. Following the National Company Law Tribunal’s order, Konkan LNG remitted consideration to GAIL ...
Executive/Board ChangesRegulatory Filings and Compliance
GAIL (India) Adds Two Government-Nominated Independent Directors to Board
Positive
Aug 13, 2026
GAIL (India) Limited has received a directive from the Ministry of Petroleum and Natural Gas nominating Dr. Banwari Lal and Rupa Saikia as Non-Official Independent Directors on its Board for a term of three years or until further orders. The compa...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
GAIL Sets Virtual 42nd AGM, Opens E-Voting for Shareholders
Positive
Aug 5, 2026
GAIL (India) Limited has convened its 42nd Annual General Meeting for members on 27 August 2026 at 11:30 a.m., to be conducted via video conferencing and other audio-visual means rather than an in-person gathering. The AGM will be accompanied by t...
Financial DisclosuresRegulatory Filings and Compliance
GAIL Board Approves Q1 FY27 Unaudited Financial Results
Neutral
Jul 31, 2026
GAIL (India) Limited has reported its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following approval by its Board of Directors at a meeting held on July 31, 2026. The disclosure has been made in lin...
DividendsRegulatory Filings and ComplianceShareholder Meetings
GAIL Sets Date for 42nd AGM and Final Dividend Record Date
Positive
Jul 23, 2026
GAIL (India) Limited has announced that its 42nd Annual General Meeting for FY 2025-26 will be held on 27 August 2026 at 11:30 a.m. via video conferencing and other audio-visual means, with the AGM notice and annual report to be sent electronicall...
Financial DisclosuresRegulatory Filings and Compliance
GAIL Board to Review Q1 FY27 Results, Extends Trading Window Closure
Neutral
Jul 21, 2026
GAIL (India) Limited has scheduled a meeting of its Board of Directors for 31 July 2026 to consider the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. This review will provide investors and regulators w...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.