Gujarat Gas Limited (GUJGASLTD) - Net Assets
Based on the latest financial reports, Gujarat Gas Limited (GUJGASLTD) has net assets worth Rs86.98 Billion INR (≈ $940.70 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs133.70 Billion ≈ $1.45 Billion USD) and total liabilities (Rs46.72 Billion ≈ $505.21 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Gujarat Gas Limited to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs86.98 Billion |
| % of Total Assets | 65.06% |
| Annual Growth Rate | 18.26% |
| 5-Year Change | 88.18% |
| 10-Year Change | 299.55% |
| Growth Volatility | 18.42 |
Gujarat Gas Limited - Net Assets Trend (2005–2025)
This chart illustrates how Gujarat Gas Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Gujarat Gas Limited's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Gujarat Gas Limited (2005–2025)
The table below shows the annual net assets of Gujarat Gas Limited from 2005 to 2025. For live valuation and market cap data, see Gujarat Gas Limited (GUJGASLTD) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs84.90 Billion ≈ $918.12 Million |
+9.93% |
| 2024-03-31 | Rs77.22 Billion ≈ $835.16 Million |
+9.88% |
| 2023-03-31 | Rs70.28 Billion ≈ $760.05 Million |
+24.83% |
| 2022-03-31 | Rs56.30 Billion ≈ $608.86 Million |
+24.79% |
| 2021-03-31 | Rs45.12 Billion ≈ $487.91 Million |
+36.00% |
| 2020-03-31 | Rs33.17 Billion ≈ $358.76 Million |
+50.43% |
| 2019-03-31 | Rs22.05 Billion ≈ $238.49 Million |
+18.16% |
| 2018-03-31 | Rs18.66 Billion ≈ $201.84 Million |
+12.18% |
| 2017-03-31 | Rs16.64 Billion ≈ $179.93 Million |
-21.70% |
| 2016-03-31 | Rs21.25 Billion ≈ $229.79 Million |
+6.73% |
| 2015-03-31 | Rs19.91 Billion ≈ $215.31 Million |
+21.71% |
| 2014-03-31 | Rs16.36 Billion ≈ $176.91 Million |
+67.84% |
| 2013-03-31 | Rs9.75 Billion ≈ $105.40 Million |
+20.23% |
| 2012-03-31 | Rs8.11 Billion ≈ $87.67 Million |
-6.33% |
| 2011-03-31 | Rs8.65 Billion ≈ $93.59 Million |
+10.26% |
| 2010-03-31 | Rs7.85 Billion ≈ $84.88 Million |
+7.66% |
| 2009-03-31 | Rs7.29 Billion ≈ $78.84 Million |
+23.32% |
| 2008-03-31 | Rs5.91 Billion ≈ $63.94 Million |
+28.08% |
| 2007-03-31 | Rs4.62 Billion ≈ $49.92 Million |
+21.66% |
| 2006-03-31 | Rs3.79 Billion ≈ $41.03 Million |
+28.03% |
| 2005-03-31 | Rs2.96 Billion ≈ $32.05 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gujarat Gas Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2642.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs75.89 Billion | 89.39% |
| Common Stock | Rs1.38 Billion | 1.62% |
| Other Comprehensive Income | Rs7.61 Billion | 8.96% |
| Other Components | Rs27.40 Million | 0.03% |
| Total Equity | Rs84.90 Billion | 100.00% |
Gujarat Gas Limited Competitors by Market Cap
The table below lists competitors of Gujarat Gas Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Linglong Tyre Co Ltd
SHG:601966
|
$2.83 Billion |
|
NH Hoteles
MC:NHH
|
$2.83 Billion |
|
Delek Logistics Partners LP
NYSE:DKL
|
$2.83 Billion |
|
Geo-Jade Petroleum Corp
SHG:600759
|
$2.84 Billion |
|
NMI Holdings Inc
NASDAQ:NMIH
|
$2.83 Billion |
|
Hypera S.A
SA:HYPE3
|
$2.83 Billion |
|
Global Business Travel Group Inc
NYSE:GBTG
|
$2.83 Billion |
|
Seabridge Gold Inc.
TO:SEA
|
$2.83 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gujarat Gas Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 77,224,800,000 to 84,896,400,000, a change of 7,671,600,000 (9.9%).
- Net income of 11,483,200,000 contributed positively to equity growth.
- Dividend payments of 3,890,700,000 reduced retained earnings.
- Other comprehensive income decreased equity by 68,241,400,000.
- Other factors increased equity by 68,320,500,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs11.48 Billion | +13.53% |
| Dividends Paid | Rs3.89 Billion | -4.58% |
| Other Comprehensive Income | Rs-68.24 Billion | -80.38% |
| Other Changes | Rs68.32 Billion | +80.48% |
| Total Change | Rs- | 9.93% |
Book Value vs Market Value Analysis
This analysis compares Gujarat Gas Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 88.87x to 3.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs4.28 | Rs380.05 | x |
| 2006-03-31 | Rs5.47 | Rs380.05 | x |
| 2007-03-31 | Rs6.66 | Rs380.05 | x |
| 2008-03-31 | Rs8.53 | Rs380.05 | x |
| 2009-03-31 | Rs10.53 | Rs380.05 | x |
| 2010-03-31 | Rs11.33 | Rs380.05 | x |
| 2011-03-31 | Rs12.48 | Rs380.05 | x |
| 2012-03-31 | Rs11.67 | Rs380.05 | x |
| 2013-03-31 | Rs55278.01 | Rs380.05 | x |
| 2014-03-31 | Rs23.76 | Rs380.05 | x |
| 2015-03-31 | Rs28.92 | Rs380.05 | x |
| 2016-03-31 | Rs30.89 | Rs380.05 | x |
| 2017-03-31 | Rs24.18 | Rs380.05 | x |
| 2018-03-31 | Rs27.11 | Rs380.05 | x |
| 2019-03-31 | Rs32.04 | Rs380.05 | x |
| 2020-03-31 | Rs48.19 | Rs380.05 | x |
| 2021-03-31 | Rs65.04 | Rs380.05 | x |
| 2022-03-31 | Rs81.78 | Rs380.05 | x |
| 2023-03-31 | Rs102.09 | Rs380.05 | x |
| 2024-03-31 | Rs112.18 | Rs380.05 | x |
| 2025-03-31 | Rs123.33 | Rs380.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gujarat Gas Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.97%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 1.49x
- Recent ROE (13.53%) is below the historical average (20.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 26.13% | 11.78% | 1.19x | 1.86x | Rs474.73 Million |
| 2006 | 26.04% | 13.14% | 1.06x | 1.87x | Rs604.50 Million |
| 2007 | 19.09% | 9.04% | 1.20x | 1.76x | Rs416.71 Million |
| 2008 | 26.03% | 12.29% | 1.27x | 1.67x | Rs941.95 Million |
| 2009 | 22.17% | 12.35% | 1.11x | 1.62x | Rs881.86 Million |
| 2010 | 22.34% | 12.27% | 1.06x | 1.72x | Rs961.97 Million |
| 2011 | 30.00% | 13.94% | 1.20x | 1.80x | Rs1.72 Billion |
| 2012 | 34.05% | 11.31% | 1.54x | 1.96x | Rs1.93 Billion |
| 2013 | -0.37% | -0.12% | 1.96x | 1.64x | Rs-1.00 Billion |
| 2014 | 1.74% | 0.36% | 1.17x | 4.07x | Rs-1.35 Billion |
| 2015 | 22.43% | 4.96% | 1.31x | 3.46x | Rs2.47 Billion |
| 2016 | 8.94% | 3.11% | 1.00x | 2.87x | Rs-224.40 Million |
| 2017 | 13.26% | 4.33% | 0.80x | 3.83x | Rs542.18 Million |
| 2018 | 15.67% | 4.74% | 0.93x | 3.57x | Rs1.06 Billion |
| 2019 | 18.98% | 5.40% | 1.08x | 3.25x | Rs1.98 Billion |
| 2020 | 36.14% | 11.64% | 1.30x | 2.39x | Rs8.67 Billion |
| 2021 | 28.37% | 12.88% | 1.16x | 1.89x | Rs8.23 Billion |
| 2022 | 22.87% | 7.82% | 1.72x | 1.70x | Rs7.24 Billion |
| 2023 | 21.75% | 9.12% | 1.53x | 1.55x | Rs8.26 Billion |
| 2024 | 14.81% | 7.29% | 1.34x | 1.51x | Rs3.71 Billion |
| 2025 | 13.53% | 6.97% | 1.30x | 1.49x | Rs2.99 Billion |
Industry Comparison
This section compares Gujarat Gas Limited's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $77,073,369,473
- Average return on equity (ROE) among peers: 20.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gujarat Gas Limited (GUJGASLTD) | Rs86.98 Billion | 26.13% | 0.54x | $2.83 Billion |
| Adani Total Gas Limited (ATGL) | $14.71 Billion | 29.66% | 0.68x | $7.55 Billion |
| GAIL (India) Limited (GAIL) | $302.51 Billion | 14.46% | 0.98x | $11.61 Billion |
| Gujarat State Petronet Limited (GSPL) | $20.05 Billion | 25.26% | 1.25x | $1.74 Billion |
| Indraprastha Gas Limited (IGL) | $106.42 Billion | 16.14% | 0.46x | $2.51 Billion |
| IRM ENERGY LTD (IRMENERGY) | $3.46 Billion | 18.23% | 1.29x | $158.48 Million |
| Mahanagar Gas Limited (MGL) | $15.28 Billion | 20.20% | 0.54x | $1.21 Billion |
About Gujarat Gas Limited
Gujarat Gas Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG sta… Read more