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GAIL (India) Limited
(GAIL)
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Rating:65Neutral
Price Target:
₹186.00
▲(9.41% Upside)
Action:Reiterated
Date:08/25/26
The score is anchored by stable but mixed fundamentals: a strong balance sheet is tempered by volatile cash flow and a FY2026 step-down in net income and free cash flow. Technicals are neutral to slightly weak, while valuation (moderate P/E and healthy dividend yield) is a key supporting factor.
Positive Factors
Controlled leverage and expanding balance sheet
Moderate leverage and steadily growing equity and assets provide financial resilience for a capital-intensive infrastructure business. This balance-sheet capacity can support maintenance and expansion investment while limiting financing pressure if earnings remain uneven.
Negative Factors
FY2026 earnings and per-share growth weakened
The FY2026 profit decline and negative EPS growth show that recent operating improvements have not translated into sustained bottom-line expansion. Continued earnings pressure could constrain internal funding, dividend growth and confidence in future returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Controlled leverage and expanding balance sheet
Moderate leverage and steadily growing equity and assets provide financial resilience for a capital-intensive infrastructure business. This balance-sheet capacity can support maintenance and expansion investment while limiting financing pressure if earnings remain uneven.
Read all positive factors
GAIL (India) Limited (GAIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.14T
Dividend Yield3.16%
Average Volume (3M)791.26K
Price to Earnings (P/E)11.5
Beta (1Y)1.30
Revenue Growth3.52%
EPS Growth-15.10%
CountryIN
Employees5,356
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)16.60
Shares Outstanding6,575,099,600
10 Day Avg. Volume222,705
30 Day Avg. Volume791,260
Financial Highlights & Ratios
PEG Ratio-0.31
Price to Book (P/B)1.02
Price to Sales (P/S)0.64
P/FCF Ratio37.08
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹195.00Price Target Upside14.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)15.52
Revenue Forecast (FY)₹1.51T
GAIL (India) Limited Business Overview & Revenue Model
Company Description
GAIL (India) Limited is a leading energy company involved in the processing and distribution of natural gas, operating both within India and globally. The company's diverse operations are organized into key divisions, including Transmission Servic...
How the Company Makes Money
GAIL makes money primarily by operating and commercializing natural gas infrastructure and by buying and selling natural gas and related products. Key revenue streams typically include: (1) Natural gas transmission: GAIL earns pipeline tariffs/tra...
GAIL (India) Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.44T | 1.42T | 1.42T | 1.33T | 1.46T | 927.70B |
| Gross Profit | 224.70B | 242.02B | 251.83B | 244.28B | 162.33B | 220.79B |
| EBITDA | 138.43B | 145.24B | 144.26B | 135.72B | 73.39B | 150.60B |
| Net Income | 109.15B | 75.82B | 124.50B | 98.99B | 56.16B | 122.56B |
Balance Sheet | ||||||
| Total Assets | 1.36T | 1.41T | 1.33T | 1.25T | 1.08T | 965.59B |
| Cash, Cash Equivalents and Short-Term Investments | 17.45B | 21.27B | 38.72B | 14.64B | 8.05B | 25.22B |
| Total Debt | 224.33B | 248.31B | 215.95B | 217.94B | 178.16B | 92.16B |
| Total Liabilities | 480.58B | 512.45B | 479.08B | 475.21B | 426.74B | 322.54B |
| Stockholders Equity | 881.41B | 890.50B | 849.98B | 769.97B | 649.27B | 641.14B |
Cash Flow | ||||||
| Free Cash Flow | 18.31B | 24.42B | 78.05B | 845.50M | -56.26B | 26.57B |
| Operating Cash Flow | 57.47B | 112.49B | 157.35B | 125.86B | 32.05B | 96.29B |
| Investing Cash Flow | -57.91B | -91.54B | -67.38B | -82.73B | -76.40B | -56.46B |
| Financing Cash Flow | -7.37B | -27.50B | -89.41B | -34.57B | 29.72B | -39.16B |
GAIL (India) Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹221.27B | 16.29 | ― | 3.00% | 9.92% | -18.29% | |
71 Outperform | ₹108.30B | 15.19 | ― | 2.73% | 11.12% | -33.11% | |
70 Outperform | ₹246.90B | 19.88 | ― | 2.21% | 43.18% | 34.40% | |
68 Neutral | ₹151.74B | 13.71 | ― | 1.86% | ― | ― | |
65 Neutral | ₹1.14T | 11.54 | ― | 3.16% | 3.52% | -15.10% | |
56 Neutral | ₹673.58B | 106.78 | ― | 0.04% | 19.81% | -2.41% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:GAIL
GAIL (India) Limited
173.30
6.74
4.05%
IN:ATGL
Adani Total Gas Ltd.
612.45
19.41
3.27%
IN:GSPL
Gujarat State Petronet Limited
268.95
-25.61
-8.69%
IN:GUJGASLTD
Gujarat Gas Ltd.
263.15
-104.61
-28.44%
IN:IGL
Indraprastha Gas Limited
158.05
-49.86
-23.98%
IN:MGL
Mahanagar Gas Ltd
1,096.40
-148.09
-11.90%
GAIL (India) Limited Corporate Events
GAIL Strengthens Board With Appointment of Independent Director Rupa Saikia
Aug 23, 2026
GAIL (India) Limited, a major public sector player in India’s natural gas transmission and marketing, operates a large pipeline network and underpins gas-based industrial growth while supporting the shift to cleaner energy. Its equity is lis...
GAIL announces cessation of Government Nominee Director from board
Aug 11, 2026
GAIL (India) Limited has announced the cessation of Shri Kushagra Mittal as a Non-Executive Government Nominee Director on its board with effect from August 11, 2026. The change in directorship, disclosed in line with SEBI’s listing obligati...
GAIL Releases Q1 FY 2026–27 Unaudited Financial Results
Aug 2, 2026
GAIL (India) Limited has published its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026 and has formally notified the National Stock Exchange of India and BSE Limited in line with SEBI’s listing and ...
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.