GAIL (India) Ltd.

NSE: GAIL · Oil Gas & Consumable Fuels

₹185.79-0.11%06 Nov 2026

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Instant answers about GAIL (India) Ltd. — computed from its filings, no language model

Market cap₹1,22,159 cr

Current price₹185.79

High / Low₹186 / ₹135

P/E9.7

P/B1.26

Book value₹147.1

ROE13.1%

ROCE14.5%

Debt / equity0.16

Dividend yield3.23%

EPS (TTM)₹19.20

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY20	FY21	FY22	FY23	FY24	FY26
Revenue	72,568	57,428	92,874	1,45,875	1,33,500	1,42,094
EBITDA	9,025	7,244	15,152	7,488	14,296	11,510
Operating margin	12.4%	12.6%	16.3%	5.1%	10.7%	8.1%
Interest	309	179	202	367	719	964
Depreciation	2,080	2,174	2,420	2,702	3,672	3,835
Profit before tax	8,182	6,011	15,464	5,748	10,913	8,221
Tax	914	1,583	3,160	1,660	2,692	2,144
Net profit	9,422	6,136	12,256	5,616	9,899	7,582
EPS ₹	20.89	13.61	27.60	8.52	15.06	11.53
Operating cash flow	—	—	9,629	3,205	12,586	11,249
Capex	—	—	6,971	8,831	12,501	8,806
Dividend paid	—	—	3,995	3,069	3,621	3,945
Total assets	74,914	81,010	96,559	1,07,781	1,24,717	1,40,537
Equity	49,268	53,182	64,114	64,927	76,997	89,050

Quarterly performance

last 29 quarters · ₹ crore

showing latest 8 of 29 periods

	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	18,482	18,250	17,898	17,938	12,181	13,810	15,681	15,757	17,589	21,782	26,176	27,328	37,942	38,729	35,940	33,264	32,849	33,050	34,768	32,833	34,822	33,981	36,937	35,429	35,657	35,303	35,705	41,350	47,301
Operating profit	2,358	1,654	2,171	2,842	694	1,423	2,245	2,882	2,640	3,622	4,627	4,264	4,547	1,904	482	556	2,661	3,580	4,208	3,849	4,790	3,937	3,169	3,669	3,460	2,927	1,453	7,098	6,992
Operating margin	12.8%	9.1%	12.1%	15.8%	5.7%	10.3%	14.3%	18.3%	15.0%	16.6%	17.7%	15.6%	12.0%	4.9%	1.3%	1.7%	8.1%	10.8%	12.1%	11.7%	13.8%	11.6%	8.6%	10.4%	9.7%	8.3%	4.1%	17.2%	14.8%
Other income	160	235	196	956	158	295	219	448	114	274	421	363	91	241	450	547	152	205	414	237	221	277	378	144	237	338	791	132	173
Interest	30	33	31	216	53	32	37	58	52	46	47	57	58	82	120	107	185	200	176	159	209	188	169	213	234	254	263	319	323
Depreciation	437	469	535	640	521	546	561	546	590	604	608	619	677	695	699	631	722	837	872	1,241	1,152	922	939	993	1,177	1,192	474	987	1,013
Profit before tax	2,307	1,706	2,816	2,942	729	1,432	2,346	2,726	2,540	3,246	4,394	4,375	3,903	1,368	113	365	2,283	2,749	3,574	2,685	3,650	3,104	4,879	2,607	2,286	1,819	1,508	5,925	5,829
Tax	804	539	787	-1,215	86	364	449	684	383	855	1,020	902	979	371	264	46	490	696	881	625	930	780	1,188	647	577	436	485	1,597	1,377
Net profit	1,502	1,167	2,025	4,728	654	1,112	1,884	2,487	2,138	2,883	3,781	3,454	3,253	0	414	634	1,792	2,444	3,195	2,469	3,183	2,694	4,082	2,369	1,972	1,756	1,485	4,665	4,720
EPS ₹	6.66	2.59	4.49	10.48	1.45	2.47	4.18	5.52	4.81	6.49	8.51	7.78	7.34	2.00	0.63	0.96	2.73	3.72	4.86	3.75	4.84	4.10	6.21	3.60	3.00	2.67	2.26	7.10	7.18
Revenue YoY	—	—	—	—	-34.1%	-24.3%	-12.4%	-12.2%	44.4%	57.7%	66.9%	73.4%	115.7%	77.8%	37.3%	21.7%	-13.4%	-14.7%	-3.3%	-1.3%	6.0%	2.8%	6.2%	1.7%	4.9%	-4.4%	—	16.7%	32.7%
Profit YoY	—	—	—	—	-56.4%	-4.7%	-7.0%	-47.4%	226.7%	159.3%	100.7%	38.9%	52.2%	-100.0%	-89.1%	-81.6%	-44.9%	—	672.1%	289.3%	77.6%	10.2%	27.8%	-25.6%	-26.8%	-57.0%	—	96.9%	139.3%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

GAIL (India) Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†	FY18†	FY19†
Revenue	23,953	25,040	32,537	40,398	47,480	57,508	56,742	51,914	48,903	53,825	75,127
Operating profit	4,232	4,776	5,532	5,815	6,535	6,701	4,696	4,268	6,409	7,634	9,529
Operating margin	17.7%	19.1%	17.0%	14.4%	13.8%	11.7%	8.3%	8.2%	13.1%	14.2%	12.7%
Other income	619	434	441	432	698	899	861	858	1,666	987	1,571
Interest	87	70	83	116	195	366	361	640	479	275	139
Depreciation	560	562	650	791	981	1,176	974	1,313	1,397	1,415	1,550
Profit before tax	4,204	4,578	5,240	5,340	6,058	6,402	4,284	3,173	5,411	6,958	9,085
Tax	1,400	1,439	1,679	1,686	2,036	2,027	1,245	874	1,908	2,340	3,059
Net profit	2,804	3,140	3,561	3,654	4,022	4,375	3,039	2,299	3,503	4,618	6,026

Quarters

showing latest 8 of 47 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†	MAR '18†	JUN '18†	SEP '18†	DEC '18†	MAR '19†
Revenue	4,529	4,298	4,935	5,731	6,173	5,816	6,234	6,041	6,224	6,206	6,569	7,116	8,128	8,384	8,909	8,889	9,726	11,294	10,488	11,112	11,393	12,504	12,471	12,900	14,002	16,039	14,567	13,372	14,130	14,969	14,271	12,565	14,165	13,452	11,732	10,852	12,058	12,319	13,674	11,570	12,410	14,414	15,431	17,299	19,275	19,789	18,764
Operating profit	878	872	1,160	1,399	1,475	270	1,087	1,085	1,039	1,287	1,364	1,455	1,457	1,333	1,288	1,577	1,676	1,795	768	1,922	1,412	2,002	1,199	1,508	1,463	2,290	1,440	1,045	2,022	986	643	1,044	844	1,156	1,224	1,593	1,535	1,726	1,555	1,899	2,069	1,970	1,695	2,244	2,928	2,673	1,684
Operating margin	19.4%	20.3%	23.5%	24.4%	23.9%	4.6%	17.4%	18.0%	16.7%	20.7%	20.8%	20.4%	17.9%	15.9%	14.5%	17.7%	17.2%	15.9%	7.3%	17.3%	12.4%	16.0%	9.6%	11.7%	10.5%	14.3%	9.9%	7.8%	14.3%	6.6%	4.5%	8.3%	6.0%	8.6%	10.4%	14.7%	12.7%	14.0%	11.4%	16.4%	16.7%	13.7%	11.0%	13.0%	15.2%	13.5%	9.0%
Other income	181	185	100	115	186	231	88	60	147	126	102	48	150	191	52	65	116	21	230	38	237	154	270	58	222	208	411	172	289	140	259	79	302	257	220	605	317	276	468	116	293	303	276	120	366	220	866
Interest	20	20	20	19	19	19	31	18	18	14	20	21	12	16	34	21	23	21	52	59	26	55	55	61	108	91	106	93	92	85	91	164	164	158	155	177	120	160	22	101	93	48	33	44	45	23	26
Depreciation	149	139	142	143	139	137	141	140	142	141	139	160	163	161	167	178	201	198	214	217	249	242	273	281	289	301	306	234	237	251	253	308	323	333	350	335	356	358	347	345	342	367	361	379	351	363	457
Profit before tax	890	899	1,098	1,352	1,503	345	1,004	987	1,027	1,258	1,306	1,322	1,433	1,347	1,139	1,443	1,568	1,598	731	1,685	1,374	1,859	1,141	1,224	1,288	2,451	1,439	890	1,983	853	558	651	660	922	940	1,686	1,375	1,484	866	1,569	1,927	1,858	1,604	1,940	2,897	2,507	1,740
Tax	317	278	375	455	479	92	374	331	314	398	396	435	509	379	356	458	474	507	248	551	388	574	523	416	373	771	467	269	680	249	48	227	219	258	170	351	451	501	606	543	618	596	583	681	934	826	618
Net profit	573	621	722	897	1,023	253	630	656	713	860	911	887	924	968	783	985	1,094	1,091	483	1,134	985	1,285	618	808	916	1,679	972	621	1,303	604	511	424	441	664	770	1,335	925	983	260	1,026	1,310	1,262	1,021	1,259	1,963	1,681	1,122
EPS ₹	6.77	7.35	8.54	10.61	12.10	2.00	4.97	5.17	5.62	6.78	7.18	6.99	7.28	7.63	6.17	7.76	8.63	8.60	3.81	8.94	7.77	10.13	4.87	6.37	7.22	13.24	7.66	4.90	10.27	4.76	4.03	3.34	3.47	5.24	6.07	10.53	7.29	7.75	1.54	6.06	7.74	7.46	4.53	5.58	8.70	7.46	4.98
Revenue YoY	—	—	—	—	36.3%	35.3%	26.3%	5.4%	0.8%	6.7%	5.4%	17.8%	30.6%	35.1%	35.6%	24.9%	19.7%	34.7%	17.7%	25.0%	17.1%	10.7%	18.9%	16.1%	22.9%	28.3%	16.8%	3.7%	0.9%	-6.7%	-2.0%	-6.0%	0.2%	-10.1%	-17.8%	-13.6%	-14.9%	-8.4%	16.6%	6.6%	2.9%	17.0%	12.8%	49.5%	55.3%	37.3%	21.6%
Profit YoY	—	—	—	—	78.8%	-59.2%	-12.8%	-26.9%	-30.3%	239.4%	44.6%	35.2%	29.5%	12.5%	-14.0%	11.0%	18.5%	12.8%	-38.3%	15.1%	-10.0%	17.7%	27.9%	-28.7%	-7.1%	30.7%	57.2%	-23.1%	42.3%	-64.0%	-47.5%	-31.7%	-66.2%	10.0%	50.8%	214.8%	109.9%	48.0%	-66.2%	-23.2%	41.6%	28.4%	292.4%	22.8%	49.9%	33.2%	9.9%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 23 periods

	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '26	JUN '26	SEP '26
ROE	19.1%	17.4%	17.3%	17.0%	11.5%	14.3%	17.7%	21.2%	19.1%	20.9%	15.9%	10.8%	6.6%	4.4%	7.3%	11.1%	12.9%	14.7%	13.8%	14.8%	8.5%	11.1%	13.1%
ROCE	18.1%	15.3%	14.8%	14.0%	12.3%	15.3%	18.3%	21.7%	20.5%	22.4%	18.1%	12.8%	7.5%	5.7%	6.9%	10.8%	12.6%	14.0%	13.7%	14.9%	8.4%	11.6%	14.5%
Net margin	13.0%	12.9%	13.8%	14.1%	10.7%	12.1%	13.3%	13.9%	13.2%	11.8%	8.1%	5.1%	2.9%	2.0%	3.9%	6.0%	7.4%	8.3%	8.5%	9.0%	5.3%	6.7%	7.9%
EBITDA margin	12.4%	11.1%	11.5%	12.1%	12.6%	14.6%	16.1%	16.9%	16.3%	15.1%	11.8%	8.0%	5.1%	4.0%	5.4%	8.2%	10.7%	12.1%	12.3%	11.4%	8.1%	10.1%	11.6%
Debt / equity	0.13	0.13	0.13	0.13	0.14	0.14	0.14	0.14	0.12	0.12	0.20	0.20	0.25	0.25	0.22	0.22	0.24	0.24	0.20	0.20	0.22	0.22	0.16
Interest coverage	32.63	25.72	24.97	23.09	41.35	51.49	56.98	64.54	72.89	77.55	58.71	31.82	16.68	9.36	10.00	14.43	16.67	18.01	18.76	20.73	9.53	11.79	14.01
Asset turnover	0.97	0.88	0.83	0.80	0.71	0.78	0.87	1.00	0.96	1.17	1.23	1.32	1.35	1.31	1.16	1.15	1.07	1.09	1.06	1.07	1.01	1.05	1.03

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 14 periods

	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	SEP '25	MAR '26	SEP '26
Share capital	1,691	2,255	2,255	4,510	4,440	4,440	6,575	6,575	6,575	6,575	6,575	6,575	6,575	6,575
Other equity / reserves	37,614	39,424	43,749	44,758	48,742	59,674	59,228	58,352	66,284	70,422	77,234	81,566	82,474	90,158
Total equity	39,305	41,679	46,004	49,268	53,182	64,114	65,803	64,927	72,859	76,997	83,809	88,141	89,050	96,733
Borrowings	3,909	2,096	2,070	6,338	7,205	7,830	13,000	16,275	16,199	18,608	16,862	17,478	19,964	15,496
Current liabilities	9,299	11,186	10,660	12,476	12,177	15,093	20,653	21,711	21,013	21,641	19,799	24,261	23,281	26,606
Non-current liabilities	9,634	8,430	11,697	13,083	15,553	17,161	19,511	20,963	22,152	25,881	25,172	23,797	27,964	31,229
Total assets	58,271	61,334	68,407	74,914	81,010	96,559	1,06,144	1,07,781	1,16,202	1,24,717	1,28,989	1,36,472	1,40,537	1,54,839
Property, plant & equipment	29,334	29,417	31,169	35,897	37,953	40,410	41,389	44,651	46,704	47,957	47,501	50,727	59,424	60,617
Capital work-in-progress	3,908	5,938	9,738	11,666	13,400	15,490	17,208	16,646	21,124	23,627	26,281	28,038	24,072	25,069
Investments	10,125	10,070	10,722	9,893	—	—	0	17,248	18,827	21,910	14,399	24,172	16,873	18,025
Inventories	1,708	1,933	2,503	3,183	2,990	3,577	6,391	5,918	5,910	5,970	4,697	5,739	5,155	7,488
Receivables	3,854	4,426	5,375	5,848	4,595	8,502	14,526	11,728	9,636	10,630	11,308	10,015	8,605	14,306
Cash & equivalents	520	1,377	297	624	1,507	1,520	569	244	1,986	1,146	1,573	522	959	1,074

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY15‡	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY26
Cash from operations	4,214	5,919	6,024	8,769	7,984	8,345	8,993	9,629	3,205	12,586	11,249
Cash from investing	-2,116	-2,496	-383	-2,632	-5,707	-7,445	-4,693	-5,646	-7,640	-8,273	-9,154
Cash from financing	-3,058	-2,521	-5,275	-5,252	-3,364	281	-3,471	-3,916	2,972	-3,457	-2,750
Capex	2,890	3,232	2,042	3,402	7,796	9,263	5,697	6,971	8,831	12,501	8,806
Free cash flow	1,324	2,687	3,983	5,367	188	-918	3,296	2,657	-5,626	85	2,442
Dividends paid	—	—	—	—	—	—	2,238	3,995	3,069	3,621	3,945

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹60,617 cr39%

CWIP

₹25,069 cr16%

Investments

₹18,025 cr12%

Inventories

₹7,488 cr5%

Receivables

₹14,306 cr9%

Cash & equivalents

₹1,074 cr1%

Other assets

₹28,259 cr18%

Peer comparison

largest in Oil Gas & Consumable Fuels · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Reliance Industries Ltd.	17,86,356	1,320.00	21.8	1.89	8.7%
Oil & Natural Gas Corporation Ltd.	2,91,561	231.76	5.9	0.73	12.4%
Coal India Ltd.	2,46,509	400.00	7.4	1.93	26.2%
Indian Oil Corporation Ltd.	2,06,523	146.25	4.4	0.89	20.3%
Bharat Petroleum Corporation Ltd.	1,36,680	319.90	8.6	1.35	15.6%
GAIL (India) Ltd.	1,22,159	185.79	9.7	1.26	13.1%
Hindustan Petroleum Corporation Ltd.	82,379	387.15	—	1.56	-4.9%
Oil India Ltd.	72,205	443.90	8.6	1.24	14.4%
Adani Total Gas Ltd.	63,282	575.40	98.6	12.22	12.4%
Petronet LNG Ltd.	47,550	317.00	19.9	1.96	9.9%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+8.8%

6 months+11.1%

1 year+0.6%

3Y CAGR+14.6%

5Y CAGR+12.9%

10Y CAGR+8.8%

50-day avg₹171.98

200-day avg₹166.40

RSI (14)74

Long-term financials (FY12–FY15)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY15	₹60,704 Cr	—	₹3,071 Cr
FY14	₹61,918 Cr	—	₹4,728 Cr
FY13	₹51,094 Cr	₹6,558 Cr	₹4,317 Cr
FY12	₹44,182 Cr	₹6,355 Cr	₹4,401 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare GAIL (India) Ltd. with

Oil & Natural Gas Corporation vs GAIL (India)Coal India vs GAIL (India)Indian Oil Corporation vs GAIL (India)Bharat Petroleum Corporation vs GAIL (India)GAIL (India) vs Hindustan Petroleum Corporation GAIL (India) vs Oil India

FAQs

What is the share price of GAIL (India) Ltd.?

GAIL (India) Ltd. (GAIL) closed at ₹185.79 on NSE on 06 Nov 2026.

What is the market cap of GAIL (India) Ltd.?

₹1,22,159 crore at the latest close.

What is the P/E ratio of GAIL (India) Ltd.?

9.7, on trailing-twelve-month earnings from its filings.

How fast is GAIL (India) Ltd. growing?

GAIL (India) Ltd.: revenue has compounded at 15.2% a year over three years; net profit at -14.8% a year. Latest-quarter revenue is up 32.7% year on year, profit up 139.3%.

How profitable is GAIL (India) Ltd.?

On a trailing-twelve-month basis return on equity is 13.1%, return on capital employed 14.5%, operating margin 11.6%, net margin 7.9%.

How much debt does GAIL (India) Ltd. have?

GAIL (India) Ltd. is lightly geared: debt to equity is 0.16 with borrowings of ₹15,496 cr against cash of ₹1,074 cr (balance sheet of 2026-09-30). Operating profit covers interest 14.0 times.

Financials parsed from GAIL (India) Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '17. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.