GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 40681.48 Crore) operating in Gas & Petroleum sector.
AgenciesPromoters held 51.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.7 per cent, DIIs 28.2 per cent and public and others 4.4 per cent.
Motilal Oswal has given a buy rating to GAIL (India) with a target price of Rs 153. The share price moved up by 2 per cent from its previous close of Rs 90.20. The stock’s last traded price is Rs 92.
GAIL (India) Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 40681.48 Crore) operating in Gas & Petroleum sector.
Financials For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 13796.29 Crore, up 13.32 % from last quarter Sales of Rs 12174.15 Crore and down -24.34 % from last year same quarter Sales of Rs 18235.45 Crore Company reported net profit after tax of Rs 776.65 Crore in latest quarter.
Investment Rationale The stock is trading at 5.9x FY22E EPS of INR15.3 and 4.0x FY22E EV/EBITDA, with dividend yield of ~7% in FY20.
Promoter/FII Holdings Promoters held 51.8 per cent stake in the company as of Sept 30, 2020, while FIIs held 15.7 per cent, DIIs 28.2 per cent and public and others 4.4 per cent.
Agencies
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