āagman

Not investment advice. Data and computed figures, for information only.

GAIL (India) Ltd

NSE: GAILF&O
₹169.35
+₹2.39 (+1.43%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,09,567 Cr
CMP
₹169.35
52-wk High / Low
₹187 / 134
P/E
11.1
P/B
1.2
Book Value
₹135.0
Div Yield
3.30%
ROCE
10.0%
ROE
8.7%
Face Value
₹10
D/E
0.28

Price−5.5% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹187
√(22.5 × EPS × book value per share)
ROIC
5.2%
vs 9.7% sector median
Cash flow to profit
1.48
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+684
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.5%
ROE × earnings retention ratio
ROE stability
4.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.09FII +1.96DII −1.41
Latest quarter vs the previous one
Cash-accrual divergence
−2.7%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.0x)
+Price is within 10% of its 52-week high (-9.4%)
+PE of 11.1x is below the sector median of 12.8x
Watch-outs
−Latest ROCE of 10% trails the sector median of 17.5%
−Borrowings are up 174.3% since FY2016 (9052 to 24831)
−Promoter holding fell by 0.1pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales32,78932,98634,69832,75634,73833,88936,83536,44035,31135,53735,17335,57741,198
Expenses30,12829,40530,49028,90829,94829,95233,66532,91431,64232,07732,24634,12334,100
Operating Profit2,6603,5804,2083,8494,7903,9373,1693,5263,6693,4602,9271,4537,098
OPM %8.1%10.9%12.1%11.8%13.8%11.6%8.6%9.7%10.4%9.7%8.3%4.1%17.2%
Other Income5295959156516856433,2116745665166831,250475
Interest185200176159209188169174213234254263319
Depreciation7228378721,2411,1529229397869931,1771,192474987
Profit before tax2,2833,1384,0753,0994,1143,4705,2723,2403,0292,5652,1651,9666,268
Net Profit1,7932,4423,1932,4743,1832,6904,0842,5062,3821,9891,7291,4814,671
EPS (₹)2.733.724.863.754.844.106.213.793.603.002.672.267.10

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales60,55752,05348,55254,49676,19072,51857,37292,7701,45,6681,33,2281,41,9021,41,5981,47,485
Expenses54,92647,51742,53146,69566,25263,49550,12777,6081,38,1681,18,9141,26,4891,30,0961,32,546
Operating Profit5,6314,5366,0217,8029,9389,0227,24515,1617,50014,31415,41211,50214,939
OPM %9.3%8.7%12.4%14.3%13.0%12.4%12.6%16.3%5.1%10.7%10.9%8.1%10.1%
Other Income9457311,2129481,7193,7962,8332,9252,8222,6725,2233,0232,924
Interest6528225092951593091792023657197409641,070
Depreciation1,4331,4961,5411,5271,6672,0802,1742,4202,7023,6723,7993,8353,829
Profit before tax4,4922,9495,1836,9289,83110,4297,72515,4647,25612,59516,0969,72512,964
Net Profit3,1601,8743,3744,8056,5539,5156,14312,3045,5969,90312,4637,5829,870
EPS (₹)4.672.764.987.099.6813.939.2118.408.5415.0618.9311.5315.03

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1,2681,2681,6912,2552,2554,5104,4404,4406,5756,5756,5756,575—
Reserves32,75435,13537,61439,42443,74944,75848,74259,67458,35270,42278,42282,474—
Borrowings18,2919,0526,5533,8762,2246,9127,8739,21617,81621,79421,59524,831—
Other Liabilities17,35513,60812,43315,79820,19918,75419,97523,25425,06225,94426,58326,688—
Total Liabilities69,66959,06358,29161,35368,42674,93481,03096,5841,07,8051,24,7351,33,1761,40,569—
Fixed Assets33,97629,94630,09230,48032,70038,23041,16044,57249,69755,18858,83668,667—
CWIP13,8063,6884,1265,9389,73811,66613,40015,49016,64623,62727,42124,072—
Investments1,2729,84410,12510,45210,7229,89313,05816,40817,24821,91022,76526,233—
Other Assets20,61515,58413,94814,48215,26715,14513,41320,11424,21424,01024,15521,597—
Total Assets69,66959,06358,29161,35368,42674,93481,03096,5841,07,8051,24,7351,33,1761,40,569—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4,6154,2143,9606,0248,7697,9848,3458,9939,4203,20512,58615,72711,249
Cash from Investing Activity−4,466−2,809−904−334−2,660−5,701−8,299−4,640−5,490−7,453−8,226−6,615−8,856
Cash from Financing Activity−3−3,058−3,028−5,275−5,252−3,364281−3,471−3,9172,972−3,457−8,941−2,750
Net Cash Flow146−1,65329415858−1,08132888213−1,276902171−358

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %15.010.08.012.016.022.020.013.023.010.015.014.010.0
ROE %————————————8.7
EPS (₹)7.074.672.764.987.099.6813.939.2118.408.5415.0618.9311.53
Book Value (₹)————————————135.0
Face Value (₹)————————————10
P/E————————————11.1
Div Yield %————————————3.30
NPM %7.75.13.66.88.78.412.510.212.93.87.38.55.2
OPM %13.09.09.012.014.013.012.013.016.05.011.011.08.0
D/E0.570.540.250.170.090.050.140.150.140.270.280.250.28
P/B————————————1.2

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+11.0%
5 years+20.0%
3 years−1.0%
TTM+4.0%
Compounded profit growth
10 years+15.0%
5 years+4.0%
3 years+10.0%
TTM+1.0%
Stock price CAGR
10 years+8.0%
5 years+10.0%
3 years+9.0%
Last year−7.0%
Return on equity
10 years13.0%
5 years12.0%
3 years11.0%
Last year9.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters54.97%54.97%53.96%52.64%52.06%51.82%51.80%51.91%51.90%51.88%51.88%51.79%
FIIs15.26%15.26%17.41%20.86%16.30%15.63%19.62%16.40%14.17%14.79%13.04%15.00%
DIIs17.10%17.10%16.24%14.65%18.31%19.32%15.90%17.93%19.56%19.02%20.50%19.09%
Government7.38%7.38%7.43%8.13%8.31%8.47%7.93%7.93%7.63%7.61%7.61%7.59%
Public5.29%5.29%4.97%3.72%5.02%4.76%4.75%5.83%6.75%6.68%6.98%6.52%
No. of shareholders1,73,8741,73,8741,85,6711,78,5293,45,3425,23,2177,26,7129,25,22212,27,20916,71,48216,17,71615,66,827
Change since Jun 2023 (pp)
Promoters −3.18FIIs −0.26DIIs +1.99Public +1.23

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Change in DirectorateAnnouncement under Regulation 30 (LODR)-Change in DirectorateAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Change in Directorate
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingJul 2026RecordingMay 2026PPTMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026Recording

Corporate actions

As of 2 Sep 2026
2 Sep 2026DIVIDENDDividend - Re 0.50 Per Share—
5 Feb 2026DIVIDENDInterim Dividend - Rs 5 Per Share—
4 Aug 2025DIVIDENDDividend - Re 1 Per Share—
7 Feb 2025DIVIDENDInterim Dividend - Rs 6.50 Per Share—
6 Feb 2024DIVIDENDInterim Dividend - Rs 5.50 Per Share—
21 Mar 2023DIVIDENDInterim Dividend - Rs 4 Per Share—
6 Sep 2022BONUSBonus 1:2—
1 Aug 2022DIVIDENDDividend - Rs 1 Per Share—
21 Mar 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
30 Dec 2021DIVIDENDInterim Dividend - Rs 4 Per Share—
22 Mar 2021DIVIDEND Interim Dividend - Rs 2.5 Per Share—
27 Jan 2021DIVIDEND Interim Dividend - Rs 2.50 Per Share—
17 Feb 2020DIVIDEND Interim Dividend - Rs 6.4 Per Share—
8 Aug 2019DIVIDEND Dividend - Rs 0.885 Per Share—
9 Jul 2019BONUS Bonus 1:1—
12 Feb 2019DIVIDEND Interim Dividend - Rs 6.25 Per Share—
30 Aug 2018DIVIDEND Annual General Meeting/Dividend- Rs 1.44 Per Share—
27 Mar 2018BONUS Bonus 1:3—
18 Jan 2018DIVIDEND Interim Dividend - Rs 7.65 Per Share (Purpose Revised)—
31 Aug 2017DIVIDEND Dividend - Rs 2.70 Per Share—
9 Mar 2017BONUS Bonus 1:3—
2 Feb 2017DIVIDEND Interim Dividend Rs 8.50 Per Share (Purpose Revised)—
8 Sep 2016DIVIDEND Dividend Rs 3/- Per Share—
16 Feb 2016DIVIDEND Interim Dividend Rs 2.50 Per Share (Purpose Revised)—
27 Aug 2015DIVIDEND Dividend - Rs 3/- Per Share—
2 Mar 2015DIVIDENDInterim Dividend - Rs 3/- Per Share (Purpose Revised)—
27 Aug 2014DIVIDENDAnnual General Meeting / Final Dividend - Rs 5.90/- Per Share—
10 Feb 2014DIVIDENDInterim Dividend - Rs 4.50/- Per Share (Purpose Revised)—
5 Sep 2013DIVIDENDAnnual General Meeting / Final Dividend - Rs 5.60/- Per Share—
18 Feb 2013DIVIDENDInterim Dividend Rs 4 Per Share (Purpose Revised)—
16 Aug 2012DIVIDENDAnnual General Meeting And Dividend Rs.5.70 Per Share—
25 Jan 2012DIVIDENDInterim Dividend Rs.3/- Per Share (Purpose Revised)—
17 Aug 2011DIVIDENDDividend-Rs.5.50 Per Share—
27 Dec 2010DIVIDENDInterim Dividend-Rs.2/- Per Share (Purpose Revised)—
2 Sep 2010DIVIDENDAnnual General Meeting And Final Dividend Rs.5.50 Per Share (Bc Start Date Revised)—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman