Moneycontrol PRO

Gujarat Gas: Why we are not seeing any upside in this stock

The sharp fall in industrial volume was led by the shutdown of the Morbi-based ceramic plants and the favourable economics of switching to propane.

November 24, 2022 / 03:16 PM IST
Gujarat Gas: Why we are not seeing any upside in this stock

LNG - Representative Image (Source: Reuters)

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights 23 percent sequential fall in revenue Morbi shutdown and fuel switching lead to industrial volume fall Fourth quarter of sequential volume de-growth EBITDA of 9.2/scm in Q2 unlikely to sustain Valuation unattractive Gujarat Gas (CMP: Rs 503.55; Market capitalisation: Rs 34,664 crore) has reported a decline in revenues due to a steep  drop in industrial volumes and a dip in realisations, while relief in gas cost helped it to beat margin expectations. A 49 percent year-on-year (YoY) and 32 percent sequential fall in industrial volumes indicate...

  • PRO Panorama

    Moneycontrol Pro Panorama | What will it take to revive animal spirits?

    Dec 5, 2022 / 03:07 PM IST

    In today’s edition of Moneycontrol Pro Panorama: India to quality check its imported goods, collegium issue a bone of contention, fissures in US-EU unity, India needs specific agenda for Global South at G20, and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | When central bankers laugh

    Dec 3, 2022 / 12:13 PM IST

    Cracking jokes during a monetary policy review meeting? Don’t laugh it off. Central bankers in advanced economies are actually walking the laugh

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers