Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 30 Sep - MoP&NG nominates Shri Rajeev Kumar as government nominee director for three years.
Source: Bse
GAIL (India) Limited (GAIL)
Large CapEnergy stocks · Large cap · NSE
GAIL (India) Limited operates an 18,000+ KM natural gas pipeline network (65% market share), markets 16.56 MMTPA LNG (48% domestic RLNG share), and produces 870 KTA petrochemicals. It also has 155 MW renewables, 1.3 MMTPA LHC processing, and 4.58 MMTPA LPG transmission capacity.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result31 Jul, 07:46 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Energy P/E 11.4 (n=18)
Technical timing lens
Trend score and candlestick chart
40NeutralSMA20 -2.1% / mo · MACD − · sector -3.5pp vs Nifty 500 (3M)
Stock trend: 46
Sector RS: 31
Sector 3M: -9.1% vs Nifty 500 -5.6%
Energy FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
GAILD candles · FIT view+1.0%Latest close ₹167.30 on 2026-10-19
Bar
-0.7%
RSI
43
MACD hist
-0.13
52W pos
63%
2026-10-19O ₹168.51H ₹169.30L ₹166.50C ₹167.30Vol 31.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
GAILNifty EnergyNifty 500
- GAIL
- -3.3%
- Nifty 500
- -5.6%
- Nifty Energy
- -9.3%
- Vs Nifty 500
- +2.3 pp
Chart stats
19 Oct 2026- From 52W high
- -10.5%
- 52W range position
- 63%
- ATR (14)
- 2.0%
- Volume vs 20D
- 0.39x
- Avg traded value
- ₹132 Cr
- 20D price channel
- ₹165.9 - ₹174.7
₹186.9
₹134.4 - ₹186.9
₹3.3
Latest completed session
20-session average
17.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +16.7% · PAT +96.1% YoY
Technical
Neutral40
Price trend and sector-relative-strength timing.
Valuation
Legacy model-1.9%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence67
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +17% YoY · PAT +96% YoY · margin expansion · +16% QoQ · operating leverage
Filed 31 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹41,198 Cr | +16.7% | +15.8% |
| EBITDA | ₹7,098 Cr | +93.5% | +388.5% |
| Operating margin | 17.0% | +700 bps | +1290 bps |
| PAT | ₹4,671 Cr | +96.1% | +215.4% |
| PAT margin | 11.3% | +459 bps | +718 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 11.10
- P/B
- 1.24
- EV/EBITDA
- 7.17
- Market Cap
- 109805.00Cr
Profitability
- ROE
- 8.71%
- ROCE
- 9.67%
- ROA
- 7.02%
- Dividend Y
- 3.29%
Growth (CAGR)
- Revenue 5Y
- 20.00%
- EPS 5Y
- 4.00%
- Revenue 3Y
- -1.00%
- EPS 3Y
- 10.00%
Balance Sheet
- Debt/Equity
- 0.28
- Interest Coverage
- 13.96×
- Altman Z
- 3.73
- Book Value
- 135.00
Cash Flow
- FCF Yield
- 2.18%
- FCF Positive Y
- 11/5
- OCF
- 11249.00 Cr
- EPS TTM
- 15.03
Shareholding
- Promoter Hold
- 51.79%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 62%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 141.6k-0.2% vs prev
Net Profit
₹ CrLatest: 7,582-39.2% vs prev
Return on Equity
%Latest: 8.5-42.0% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 43. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 falling (~2.1% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 10% off 52W high · 25% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
58
RS percentile
Stage 1 Base / Transition
1M return
-3.8%
3M return
-3.3%
6M return
+0.7%
1Y return
-6.3%
RS 1D
-1
RS 20D
+1
Sector rank
#6
Industry rank
#7
Stage evidence
- Price is within 0.3% of the 30-week proxy.
- The 30-week proxy changed +1.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price above
Sector
neutral
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 100.22+0.55%
RS vs Nifty 500100
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation13/30
Growth10/25
Quality0/20
Balance Sheet12/15
Cash Flow6/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Balance sheet contributes 12/15 to the score.
- Cash flow contributes 6/10 to the score.
Main drags
- Fair-value margin of safety is negative at -1.9%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Growth is weaker at 10/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
11.1
PB
1.2
EV/EBITDA
7.2
ROE
8.7%
ROCE
9.7%
FCF Yield
2.2%
Debt/Equity
0.3
MoS
-1.9%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-1.9%
Previous: -1.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
46
46
46
46
46
46
46
46
46
46
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹213.67
+21.7% MoS
Growth-justified P/E
10.9
Growth-justified Value
₹164.13
-1.9% MoS
PEG
1.73
Comparable companies
Peers
Business-comparable peers in Energy — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RELIANCE
Large
Reliance Industries Limited
Oil & Gas
match 125
33
21.3
8.9%
-6%
WATCHLIST
TECILCHEM
Small
TECIL Chemicals and Hydro Power Limited
Chemicals
match 60
1
—
—
—
OVERVALUED
ATGL
Mid
Adani Total Gas Limited
Oil & Gas
match 8
36
101.0
14.4%
-508%
WATCHLIST
AEGISVOPAK
Large
Aegis Vopak Terminals Limited
Oil & Gas
match 6
26
115.0
11.0%
-430%
OVERVALUED
ONGC
Large
Oil & Natural Gas Corporation Limited
Oil & Gas
match 1
75
6.5
11.6%
+62%
DEEP VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis under stressReviewed 2026-06-12T08:53:11.038Z
Management commentary snapshot
GAIL (Standalone) reported a significant decline in FY26 financial performance with Turnover down 1.2%, EBITDA down 31.5%, PBT down 39.6%, and PAT down 38.3% YoY. Consolidated results also showed declines across key metrics.
FY26 saw a sharp decline in profitability, likely impacted by market volatility and one-off provisions. While GAIL has ambitious growth plans in pipelines, petrochemicals, and renewables, and a diversified LNG portfolio, the ongoing Middle East conflict and its impact on LNG supply/prices pose significant near-term risks. Long-term India gas demand outlook remains strong.
Current business mix
Gas Transmission Mix - FY2026
Latest issuer-disclosed distribution across 5 reported categories.
APM/NAPM26.0%
RLNG44.0%
Spot4.0%
Mid Term24.0%
RIL & BP MDP2.0%
Growth engines
CGD Sector Growth
Expected to grow at a CAGR of ~15% till 2030, leading gas consumption growth in India.
Petrochemical Capacity Expansion
Upcoming PDH-PP Usar (500 KTA) and GMPL PTA Plant (1,250 KTA) will drive top-line growth.
Renewable Energy Capacity
Target to attain 3.6 GW RE capacity by 2035; work commenced to increase RE portfolio from 155 MW to 1,063 MW.
LNG Sourcing Diversification
To source additional 4-5 MMTPA LNG by 2030; diversified portfolio averted energy crisis during current war.
Capacity and execution
Pipelines under construction
~1,500 km pipeline under construction; DUPL Pipeline capacity expansion.
LPG Pipeline Capacity Augmentation
PNGRB authorization received for doubling the capacity of Jamnagar Loni Pipeline (JLPL).
New Petrochemical Plants
PDH-PP Usar (500 KTA) and GMPL PTA Plant (1,250 KTA) in pipeline.
Renewable Energy Projects
600 MW Solar with BESS (UP), 100 MW Solar with BESS (MH), 178.2 MW Wind (MH).
Tailwinds
India's Natural Gas Demand Growth
Expected to grow strongly, led by CGD, refineries, petrochemicals, steel, and power sectors.
Government Support for CGD
Measures like reallocating cheapest domestic gas and priority for CNG/D-PNG use promote sector growth.
Global LNG Supply Increase
Expected to rise significantly by 2030 (~220 MMTPA new capacity), mainly from US and Qatar, softening prices.
Polymer Demand in India
Future polymer demand growth estimated at ~7-8% p.a., driven by packaging, auto/construction, and agriculture.
Headwinds
Middle East Conflict
Hormuz closure significantly disrupted LNG industry; recovery will take time, impacting global LNG supply.
LNG Production Normalization
Even after war subsides, normalization is expected to be gradual, with Qatar indicating multi-year recovery.
Market Volatility
Remained high due to geopolitical and supply chain disruptions in 2025.
Risk radar
Geopolitical Disruptions
Strait of Hormuz is a critical chokepoint; any disruption can create far-reaching impacts on global energy security.
LNG Supply Vulnerability
Concentration of LNG exports from Qatar and UAE through Strait of Hormuz (~20% global supply) creates systemic vulnerability.
Project Execution Risk
Large number of projects in pipeline (pipelines, petrochemicals, renewables) carry execution and commissioning risks.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The document presents annual financial results and operational KPIs over several fiscal years (FY22-FY26), making year-over-year comparison most appropriate to assess long-term trends and annual performance.
Sector KPIs management disclosed
Natural Gas Transmission Volume
122.18 MMSCMD in FY'26
Natural Gas Sales Volume
104.21 MMSCMD in FY'26
Petrochemical Sales
785 TMT in FY'26
LPG Transmission
4,600 TMT in FY'26 (Highest ever)
Management forward view
Net Zero Strategy
Aims for 100% reduction in Scope-1 & Scope-2 emissions by 2035 and 35% reduction in Scope-3 by 2040.
Renewable Energy Target
Set target to attain 3.6 GW of Renewable Energy capacity by 2035.
Strategic LNG Sourcing
India should strengthen a diversified LNG sourcing portfolio to improve energy security.
Key Priorities
LNG sourcing from diversified geographies, infrastructure development, strategic gas storage, CBG, and favourable government policies.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| LNG Supply Normalization | Middle East conflict and Hormuz closure have significantly disrupted the LNG industry; recovery will take time. | Signs of easing geopolitical tensions and actual LNG production normalization from Qatar and other regions. |
| New Liquefaction Capacity | Global LNG supply expected to rise significantly by 2030 (~220 MMTPA new capacity), mainly from US and Qatar. | Commissioning timelines and actual output from new liquefaction projects, especially from the US and Qatar. |
| CGD Sector Growth | CGD sector expected to grow at a CAGR of ~15% till 2030, leading gas consumption in India. | Growth in CNG and D-PNG connections and volumes, particularly the reallocation of domestic gas. |
| Petrochemical Project Progress | Upcoming PDH-PP Usar (500 KTA) and GMPL PTA Plant (1,250 KTA) will drive top-line growth. | Commissioning dates and ramp-up of new petrochemical capacities, including the 60 KTA PATA Plant commissioned in Q4 FY26. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
67Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 11th percentile within Energy. Main check: results consistency is weak at 27/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 20 Oct 2026
management-trust-v1
41 docs text-extracted · 4 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
52nd percentile
overall median 67 · Energy: 11th pctile, median 73 · Large: 29th pctile, median 73
Evidence depth
Financial-only
41 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
27
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 2.2%.
- ▸11 years of positive FCF.
Trust risks
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE trend is -3.3%.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching GAIL (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Change in Directorate 18 Sep - GAIL appoints Shri Manoj Kumar Sharma as Director (Projects) effective 18.09.2026, till superannuation on 30.04.2031.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 8 Sep - GAIL and Petronet LNG hosted MC² Plus Hyderabad Connect; 30 startups may receive up to ₹1.5 crore funding.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Change in Management 23 Aug - This is in continuation of our letter of even no. dated 13.08.2026 The information pertaining to Smt. Rupa Saikia (DIN 11908368) is as provided in …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.