Date: 30 Jan 2024

Gas Distribution

Sector	Market Cap	No of Companies
Gas Distribution	370952.45	9

 

NetWorth	120459.62	TTM Sales	211308.25	TTM Sales Var (%)	-3.90
Debt	23004.86	TTM OP	21220.64	TTM NP Var (%)	5.23
Capital Employed	162253.93	TTM OPM (%)	12.12	EV/TM Sales	1.76
Net Block	117169.16	TTM PATM (%)	7.29	EV/TTM EBITDA	17.88
Current Assets	44213.36	Debt / Equity	0.19	P/E	24.07
ROCE (%)	17.91	RONW (%)	12.79	P/B	3.08

The above figures are in Rs. Crores as of 30 Jan 2024

TTM ended December 2023

	30 Jan 2024	31 Dec 2022	31 Dec 2021	MoM Var. (%)	YoY Var. (%)
Sector Marketcap	370952.45	588818.55	380860.87	-37	-2.6
Total Marketcap	37753281.25	28374455.84		33.05
Sector's share	0.98	2.08		-1.1
Sector No of companies	9	9	9	0	0
Total Listed companies	4525	4237	0	288	4525
Sector's share	0.2	0.21	0	-0.01	0.2
Nifty 50	21737.6		17662.15		23.07

 

Gainers
Company Name	30/01/2024	29/12/2023	Var%
Mahanagar Gas	1443.65	1199.45	20.36
Gujarat Gas	554.45	461.30	20.19
Petronet LNG	267.60	222.65	20.19
Guj.St.Petronet	356.00	305.75	16.43
GAIL (India)	172.05	162.05	6.17
Losers
Company Name	30/01/2024	29/12/2023	Var%
Deep Energy	192.90	196.80	-1.98

 

During the month of January 2024, Gas Distribution sector’s Marketcap decreased -37% to Rs 370952.45 crore, compared to 33.05% rise in total listed marketcap to Rs 37753281.25 crore.

Sector’s share of total listed marketcap moved to 0.98% in January 2024 from 2.08% in December 2022 and % in December 2021.

In terms of price appreciation in the sector, there were 8 gainers and 1 losers in the month of Jan 2024. The gainers accounted for 88.89% of sector companies, losers accounted for 11.11% of sector companies.

The top 3 gainers were Mahanagar Gas (20.36% gain), Gujarat Gas (20.19% gain) and Petronet LNG (20.19% gain).

Deep Energy (-1.98% fall) was the only one loser.

During the month GAIL (India) Ltd, Mahanagar Gas Ltd, Petronet LNG Ltd, Indraprastha Gas Ltd and Adani Total Gas Ltd announced their results. Of these GAIL (India) Ltd, Mahanagar Gas Ltd, Petronet LNG Ltd, Indraprastha Gas Ltd and Adani Total Gas Ltd reported rise in net profit attributable to shareholders.

During the month GAIL (India) Ltd, Mahanagar Gas Ltd, Petronet LNG Ltd, Indraprastha Gas Ltd, Gujarat State Petronet Ltd, Deep Energy Resources Ltd, Adani Total Gas Ltd, Gujarat Gas Ltd and Deep Industries Ltd filed their shareholding patterns.

FIIs increased their shareholding in Mahanagar Gas Ltd from 30.51% to 30.85% and Gujarat State Petronet Ltd from 16.01% to 16.03%. FIIs reduced their shareholding in Deep Industries Ltd from 2.18% to 2.03%, Gujarat Gas Ltd from 3.80% to 3.34%, GAIL (India) Ltd from 14.65% to 14.14%, Adani Total Gas Ltd from 13.94% to 13.06%, Indraprastha Gas Ltd from 20.94% to 17.90% and Petronet LNG Ltd from 33.31% to 26.83%.

DIIs increased their shareholding in Petronet LNG Ltd from 4.84% to 9.92%, Indraprastha Gas Ltd from 20.72% to 22.10%, Mahanagar Gas Ltd from 15.50% to 16.72%, Gujarat Gas Ltd from 13.01% to 13.96% and GAIL (India) Ltd from 18.97% to 19.21%. DIIs reduced their shareholding in Gujarat State Petronet Ltd from 24.87% to 24.45%.

During the month Annual reports of GAIL (India) Ltd, Mahanagar Gas Ltd, Great Eastern Energy Corporation Ltd, Petronet LNG Ltd, Indraprastha Gas Ltd, Gujarat State Petronet Ltd, Deep Energy Resources Ltd, East West Pipeline Pvt Ltd, Green Gas Ltd, Central UP Gas Ltd, Maharashtra Natural Gas Ltd, Sabarmati Gas Ltd, Adani Total Gas Ltd, GSPC LNG Ltd, Gujarat Gas Ltd, Aavantika Gas Ltd, Unison Enviro Pvt Ltd, Deep Industries Ltd, Torrent Gas Pvt Ltd, Think Gas Distribution Pvt Ltd, Haryana City Gas Distribution Ltd, GSPL India Transco Ltd, Bengal Gas Company Ltd, Torrent Gas Moradabad Ltd, Sanwariya Gas Ltd, Matrix Gas and Renewables Ltd and Helios Capital Asset Management India Pvt Ltd were updated in Capitaline.