reports
- Swarnendu Bhushan
MOSL: GUJARAT GAS: Margin surprises; volumes dip, likely to remain mut...
GUJARAT GAS: Margin surprises; volumes dip, likely to remain muted ahead (GUJGA IN, Mkt Cap USD4b, CMP INR464, TP INR586, 26% Upside, Buy) Lower-than-estimated volumes resulted in lower-than-estimated spot/short-term cargoes, thereby reducing gas cost. As a result, GUJGA reported a beat on our EBITDA estimate, with higher EBITDA/scm (at INR6.8). Volumes stood at 9.8mmscmd (Morbi: ~4.7mmscmd) in 1QFY23 It is currently clocking volumes of ~9mmscmd. Of this, Morbi stands at 4.3mmscmd. LPG cons...
With a more favourable environment, GUJARAT GAS improves to Positive
GUJARAT GAS (IN), a company active in the Gas Distribution industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date December 3, 2021, the closing price was INR 662.40 and its potential was estimated ...
- Swarnendu Bhushan
MOSL: GUJARAT GAS (Buy)-Ecstatic margins; unlikely to sustain
GUJARAT GAS: Ecstatic margins; unlikely to sustain (GUJGA IN, Mkt Cap USD7.2b, CMP INR772, TP INR860, 11% Upside, Buy) Gujarat Gas (GUJGA) reported a beat on our numbers, driven by better-than-estimated EBITDA/scm (INR7.9), while volumes were in-line (at 10mmscmd, with Morbi at 5.6mmscmd). The gross margin stood at INR10.4/scm (v/s our estimate of INR7.8), led by lower gas costs. In 1QFY22, GUJGA began procuring 1.33mmscmd of gas from the Barmer field in Rajasthan (in addition to 0.67mmsc...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.