GAIL (India) Ltd(GAIL)

NSE: GAILBSE: 532155

₹ 163.3-2.74%refreshed 23 Oct, 03:50 pm ISTMarket cap: ₹ 1.07 L crNext results: 30 Oct 2026Website: www.gailonline.comUpdated: 24 Oct 2026

About

GAIL (India) Ltd is the country's largest natural gas transmission and marketing company, operating over 18,000 km of pipeline and holding approximately 65% market share in gas transmission. GAIL also operates petrochemicals, city gas distribution, and LPG/liquid hydrocarbons businesses, and holds a diversified upstream LNG portfolio of 16.56 MMTPA.^[1][2][3]

Key operating volumes

Natural gas transmission: 107 MMSCMD in Q1 FY27, down from full-year FY26 average of 120 MMSCMD, reflecting seasonal demand softness.^[4]
Natural gas marketing: 94 MMSCMD in Q1 FY27, broadly in line with FY26 level of 95 MMSCMD.^[4]
LPG transmission: record 4,600 TMT in FY26, up from 4,478 TMT in FY25, with LPG pipelines running at 100% capacity utilisation.^[1]
Petrochemical plant utilisation: 94% in FY26; combined polymer sales (GAIL standalone + BCPL) reached ~1,085 KTA in FY26.^[1]
Petrochemicals sales: 225 TMT in Q1 FY27.^[4]

Pipeline network and transmission infrastructure

GAIL operates 18,000+ km of natural gas pipeline, holding approximately 65% market share in gas transmission in India as of FY26.^[1]
LHC (liquid hydrocarbon) plant capacity utilisation was 61% in FY26.^[1]

Gas supply mix and customers

Total gas supply in Q1 FY27: 93.82 MMSCMD. Sector breakdown - CGD: 33.59, Fertilisers: 30.01, Overseas: 8.76, Power: 9.68, Others: 11.78 MMSCMD.^[4]
CGD sector supply grew to 33.59 MMSCMD in Q1 FY27 from 30.22 MMSCMD in Q4 FY26, the only segment showing QoQ volume growth.^[4]
Overseas gas sales reached 13.08 MMSCMD in 9M FY26, nearly double the 6.80 MMSCMD in 9M FY25.^[5]
GAIL holds a diversified upstream LNG portfolio of 16.56 MMTPA, including long-term US LNG contracts that provide supply resilience.^[1]

Expansion and capex

FY27 annual capex planned at approximately ₹11,500 crore; ₹6,176 crore deployed in Q1 FY27 alone (54% of annual plan), led by operational capex at 74% of the quarter's spend.^[4]
FY27 capex allocation: pipelines ₹2,401 crore (21%), renewables ₹1,950 crore (17%), petrochemicals, E&P and CGD receiving remaining share.^[1]
PDH-PP plant at Usar (500 KTA capacity) under construction; 60 KTA PP plant at Pata commissioned in Q4 FY26.^[1]
Dabhol LNG terminal expansion planned in two phases: Expansion 1 (1.3 MMTPA) and Expansion 2 (6.3 MMTPA), adding 7.6 MMTPA re-gas capacity.^[1]
Renewable energy target: expand from existing 155 MW to 1,063 MW near-term and 3.6 GW by 2035; 600 MW solar + 550 MWh BESS in Uttar Pradesh and 100 MW solar + 22 MWh BESS in Maharashtra planned.^[1]
JLPL LPG pipeline capacity authorised by PNGRB for doubling; GMPL PTA plant (1,250 KTA) nearing commencement with market preparedness complete.^[1]
Target to source additional 4 - 5 MMTPA LNG by 2030, expanding upstream portfolio beyond 16.56 MMTPA.^[1]

Clean energy and new businesses

CBG sales reached ~88,174 MT in FY26 through the CBG-CGD Synchronization scheme, more than double GAIL's MoU target; 6 additional CBG plants under construction.^[1]

Balance sheet and financial scale

Debt-equity ratio: 0.22x in Q1 FY27, improving from 0.26x in FY26; LT loan outstanding ₹13,823 crore against net worth of ₹70,658 crore.^[4]
Capital employed: ₹1,05,910 crore in Q1 FY27; return on capital employed was 20% in FY26, up 3 percentage points year-on-year.^[4][1]
Standalone EBITDA: ₹6,948 crore in Q1 FY27; full-year FY26 standalone EBITDA was ₹19,168 crore, a multi-year high versus ₹15,876 crore in FY25.^[4][1]

Market Cap

₹1,07,371 Cr

High / Low

₹187 / 134

Stock P/E

10.9

Price / Book

1.2

Book Value

₹135

EPS

₹11.5

No. of Shares

657.51 Cr

ROCE

9.7%

ROE

8.7%

OPM

6.4%

Debt / Equity

0.22

Sales

₹1,42,094 Cr

Net Profit

₹7,582 Cr

Promoter holding

51.8%

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GAIL (India) Ltd(GAIL)

About

Key operating volumes

Pipeline network and transmission infrastructure

Gas supply mix and customers

Expansion and capex

Clean energy and new businesses

Balance sheet and financial scale

Signal history

The analysis Screener can't give you

AI Deep Dive

Verdict

Company data

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