AgenciesRelated
HDFC Securities has buy call on GAIL (India) with a target price of Rs 215. The current market price of GAIL (India) Ltd. is Rs 151.1. Time period given by analyst is one year when GAIL (India) Ltd. price can reach defined target.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 65451.28 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 26566.52 Crore, up 20.45 % from last quarter Total Income of Rs 22056.21 Crore and up 67.27 % from last year same quarter Total Income of Rs 15882.82 Crore. Company has reported net profit after tax of Rs 3374.35 Crore in latest quarter.
Investment Rationale
The BUY recommendation on GAIL with a target price of INR 215 is based on 10% CAGR expansion in gas transmission volume over FY22-24E to 136mmscmd on the back of (1) increase in domestic gas production, (2) increase in demand of RLNG, and (3) completion of major pipelines in eastern and southern India. Q3FY22 EBITDA/APAT at INR 42.2/32.9bn were 6/18% above estimates, owing to strong performance from the gas marketing segment, lower-than-expected raw material cost, and higher-than-expected other income.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of 31-Dec-2021, while FIIs owned 19.69 per cent, DIIs 15.26 per cent.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 65451.28 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2021, the company has reported a Consolidated Total Income of Rs 26566.52 Crore, up 20.45 % from last quarter Total Income of Rs 22056.21 Crore and up 67.27 % from last year same quarter Total Income of Rs 15882.82 Crore. Company has reported net profit after tax of Rs 3374.35 Crore in latest quarter.
Investment Rationale
The BUY recommendation on GAIL with a target price of INR 215 is based on 10% CAGR expansion in gas transmission volume over FY22-24E to 136mmscmd on the back of (1) increase in domestic gas production, (2) increase in demand of RLNG, and (3) completion of major pipelines in eastern and southern India. Q3FY22 EBITDA/APAT at INR 42.2/32.9bn were 6/18% above estimates, owing to strong performance from the gas marketing segment, lower-than-expected raw material cost, and higher-than-expected other income.
Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of 31-Dec-2021, while FIIs owned 19.69 per cent, DIIs 15.26 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
Pick the best companies to invest
BECOME AN ETPRIME MEMBERRead More News on
(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
...moreDownload The Economic Times News App to get Daily Market Updates & Live Business News.
Pick the best stocks for yourself
Powered by