Investors Should Be Encouraged By Gujarat Gas' (NSE:GUJGASLTD) Returns On Capital
Oct 27
Indian (NIFTY) Gas Utilities Industry Analysis
UpdatedOct 30, 2023
DataAggregated Company Financials
Companies7
- 7D-4.7%
- 3M-10.2%
- 1Y-58.1%
- YTD-59.2%
Over the last 7 days, the Gas Utilities industry has dropped 4.7%, driven by GAIL (India) declining 1.7%. However, the industry is down 58% over the past year. As for the next few years, earnings are expected to grow by 15% per annum.
Industry Valuation and Performance
Has the Indian Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 31 Oct 2023 | ₹2.2t | ₹2.0t | ₹103.0b | 18.7x | 21.5x | 1.1x |
| Thu, 28 Sep 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 19.1x | 23x | 1.2x |
| Sat, 26 Aug 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 18.4x | 23.1x | 1.2x |
| Mon, 24 Jul 2023 | ₹2.4t | ₹2.1t | ₹117.6b | 17.2x | 20.1x | 1.2x |
| Wed, 21 Jun 2023 | ₹2.4t | ₹2.1t | ₹117.5b | 16.4x | 20.1x | 1.2x |
| Fri, 19 May 2023 | ₹2.4t | ₹2.0t | ₹145.7b | 16.8x | 16.2x | 1.2x |
| Sun, 16 Apr 2023 | ₹2.6t | ₹2.0t | ₹146.0b | 17.4x | 18x | 1.3x |
| Tue, 14 Mar 2023 | ₹2.7t | ₹2.0t | ₹146.0b | 16.6x | 18.7x | 1.4x |
| Thu, 09 Feb 2023 | ₹3.1t | ₹2.0t | ₹142.2b | 16x | 21.7x | 1.5x |
| Sat, 07 Jan 2023 | ₹5.4t | ₹1.9t | ₹175.2b | 16.4x | 30.9x | 2.9x |
| Mon, 05 Dec 2022 | ₹5.5t | ₹1.9t | ₹175.2b | 17.3x | 31.1x | 2.9x |
| Wed, 02 Nov 2022 | ₹5.5t | ₹1.7t | ₹189.6b | 16.1x | 29.1x | 3.2x |
| Fri, 30 Sep 2022 | ₹5.1t | ₹1.7t | ₹189.6b | 16.1x | 27.1x | 3x |
| Sun, 28 Aug 2022 | ₹5.2t | ₹1.7t | ₹189.6b | 15.9x | 27.6x | 3.1x |
| Tue, 26 Jul 2022 | ₹4.6t | ₹1.4t | ₹177.9b | 14.6x | 25.7x | 3.2x |
| Thu, 23 Jun 2022 | ₹3.8t | ₹1.4t | ₹177.9b | 14.4x | 21.4x | 2.7x |
| Sat, 21 May 2022 | ₹4.2t | ₹1.3t | ₹168.2b | 15.2x | 25x | 3.2x |
| Mon, 18 Apr 2022 | ₹4.4t | ₹1.3t | ₹168.0b | 15.5x | 26.1x | 3.5x |
| Wed, 16 Mar 2022 | ₹3.3t | ₹1.3t | ₹168.0b | 14.7x | 19.6x | 2.6x |
| Fri, 11 Feb 2022 | ₹3.6t | ₹1.2t | ₹169.8b | 15.2x | 21.1x | 2.9x |
| Sun, 09 Jan 2022 | ₹3.6t | ₹1.1t | ₹155.4b | 16.5x | 23.5x | 3.3x |
| Tue, 07 Dec 2021 | ₹3.3t | ₹1.1t | ₹155.4b | 17.1x | 21.5x | 3.1x |
| Thu, 04 Nov 2021 | ₹3.3t | ₹1.1t | ₹156.0b | 17.7x | 21.3x | 3.1x |
| Sat, 02 Oct 2021 | ₹3.4t | ₹980.3b | ₹139.7b | 19.4x | 24.1x | 3.4x |
| Mon, 30 Aug 2021 | ₹3.3t | ₹980.3b | ₹139.7b | 20.4x | 23.9x | 3.4x |
| Tue, 06 Jul 2021 | ₹2.9t | ₹980.3b | ₹139.7b | 20.6x | 21x | 3x |
| Fri, 09 Apr 2021 | ₹2.7t | ₹875.5b | ₹112.8b | 24.1x | 23.6x | 3x |
| Thu, 31 Dec 2020 | ₹1.8t | ₹882.1b | ₹132.3b | 20.1x | 13.7x | 2.1x |
Price to Earnings Ratio
10.1x
Current Industry PE
- Investors are relatively neutral on the Indian Gas Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 22.3x.
- The 3-year average PS ratio of 2.5x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 7.2% per year over the last three years.
- Meanwhile revenues for these companies have grown 30% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Utilities industry?
| IN Market | -2.60% | |
| Utilities | -2.06% | |
| Gas Utilities | -4.73% | |
| Gas Utilities | -4.73% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GUJGASLTD Gujarat Gas | ₹411.15 | 1.1% +₹3.0b | -20.7% | PE20.8x | |
| GSPL Gujarat State Petronet | ₹273.90 | 0.8% +₹1.3b | 21.1% | PE10.3x |