Gujarat Gas Ltd.

Financial

	Gujarat Gas	Indraprastha Gas	Mahanagar Gas
Operational Metrics
City Gas
Daily Sales Volume - PNG	5.54 mmscmd	2.37 mmscmd	1.26 mmscmd
Infrastructure
Pipeline Length	39370.0 Km	n/a	n/a
Daily Sales Volume - CNG	3.33 mmscmd	6.86 mmscmd	3.01 mmscmd
Oil Refining Sector
Realization / SCM - Natural Gas	50.86 Rs/SCM	46.99 Rs/SCM	51.2 Rs/SCM
Daily Sales Volume - Natural Gas	8.88 mmscmd	9.13 mmscmd	4.28 mmscmd
Financials
5 yr Average ROE	24.79 %	20.58 %	20.6 %
5yr average Equity Multiplier	1.81	1.47	1.43
5yr Average Asset Turnover Ratio	1.41	0.84	0.93
5yr Avg Net Profit Margin	9.75 %	17.65 %	15.76 %
Price to Book	3.5	2.73	2.23
P/E	25.97	17.41	12.25
5yr Avg Cash Conversion Cycle	2.64 Days	-11.24 Days	-13.12 Days
Inventory Days	1.5 Days	2.02 Days	1.98 Days
Days Receivable	22.97 Days	22.69 Days	15.11 Days
Days Payable	18.12 Days	38.96 Days	30.15 Days
5yr Average Interest Coverage Ratio	20.72	79.29	114.25
5yr Avg ROCE	24.21 %	22.18 %	25.61 %
5yr Avg Operating Profit Margin	15.32 %	21.97 %	23.23 %
5 yr average Debt to Equity	0.18	0.0	0.0
5yr CAGR Net Profit	-0.94 %	9.71 %	5.66 %
5yr Average Return on Assets	13.44 %	14.0 %	14.46 %
Shareholdings
Promoter Holding	60.89 %	45.0 %	32.5 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	-2.26 %	2.67 %	8.1 %

Business

	Gujarat Gas	Indraprastha Gas	Mahanagar Gas
Product Wise Break-Up	Product Wise Break-Up Industrial PNG 68.4 CNG 21.8 Domestic PNG 8.1 Commercial PNG 1.7 City Gas 0 Piped Natural Gas (PNG) 0 Compressed Natural Gas (CNG) 0 PNG 0	Product Wise Break-Up City Gas 0 Industrial PNG 0 Commercial PNG 0 Piped Natural Gas (PNG) 24.21 Domestic PNG 0 CNG 0 Compressed Natural Gas (CNG) 75.75 PNG 0 Others 0.04	Product Wise Break-Up City Gas 0 Industrial PNG 0 Commercial PNG 0 Piped Natural Gas (PNG) 0 Domestic PNG 0 CNG 72.19 Compressed Natural Gas (CNG) 0 PNG 27.52 Others 0.29
Segment Break-Up	Segment Break-Up Natural Gas 100.0	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 NCR 100.0	Location Wise Break-Up Rest of the World 0 India 100.0
Customer Segment	Customer Segment Industrial & Commercial 70.1 Retail 29.9 Industrial PNG 0 Commercial PNG 0 Domestic PNG 0 CNG 0	-	Customer Segment Industrial & Commercial 0 Industrial PNG 16.06 Commercial PNG 0 Domestic PNG 13.45 CNG 70.5 Retail 0
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	-	Asset Break-Up - Geography Wise India 100.0