Gujarat Energy logo

Gujarat Energy share price

NSE: GUJENERGYBSE: 539336GasSmall Cap

GUJARAT ENERGY LIMITED · Formerly Gujarat Gas · Face value ₹2 · Listed Sep 2015
Last close ₹210.88down ₹1.32 (0.62%)BSE ₹211.00

Share price at the NSE close on 29 Oct 2026. Previous close ₹212.20.

29 Oct: open ₹212.00, high ₹214.19, low ₹210.09

52-week range of traded prices to 29 Oct 2026
₹210.09Low, 29 Oct 2026₹443.75High, 6 Jan 2026
Market cap
₹19,785 Cr278th largest listed
P/E
Demergernew accounts awaited
P/B
Demergernew accounts awaited
Dividend yield
4.22%
ROE
Demergernew accounts awaited
ROCE
Demergernew accounts awaited
Debt to equity
Demergernew accounts awaited
Volume, NSE
16,91,35665.7% delivered

Gujarat Energy share price chart

Daily closes since Sep 2015, adjusted for splits and bonuses, with the demerger of Jul 2026 reinvested. Reinvested means the value of the shares of the company that was split off is treated as put back into this share at its opening price on the ex-date.

−48.7%over a year; with the demerger reinvested −39.8%

ResultsSplit, bonus, rights or demerger20-session average 15,33,023 shares a day, 57.7% delivered

About Gujarat Energy

Gujarat Energy Limited is a Gandhinagar-based integrated natural gas company with a wind power arm.12 It produces oil and gas, trades natural gas, supplies piped natural gas (PNG) to homes, businesses and factories and compressed natural gas (CNG) to vehicles, and sells gas to industries such as fertilisers and power generation.34 It operates in Gujarat, Maharashtra, Rajasthan, Haryana, Punjab, Madhya Pradesh and the union territory of Dadra & Nagar Haveli.3

It runs 4 businesses: city gas distribution, gas trading, exploration and production, and renewable energy.5 It was incorporated in 2012.1 It was a city gas distributor alone until 1 May 2026, when Gujarat State Petroleum Corporation (GSPC), Gujarat State Petronet (GSPL) and GSPC Energy merged into it and its gas transmission business was demerged into GSPL Transmission Limited.6

Gujarat Energy is government-owned: in a press release of 1 May 2026, it said that after the merger allotment the Government of Gujarat would hold about 38.80% directly and about 56% together with entities it controls.789 Its holdings include 36.80% of GSPC LNG, which runs a 5 million tonnes a year LNG (liquefied natural gas) terminal at Mundra, 49.94% of Sabarmati Gas, a city gas distributor in north Gujarat, 65.45% of Gujarat State Energy Generation, which owns a gas-based power plant at Hazira, and 97.47% of GSPC Pipavav Power.6

Gujarat Energy key points

Results

  • Standalone results (the company alone) for the quarter to Jun 20261011
    Itemquarter to Jun 2026quarter to Jun 2025
    Revenue from operations₹9,670 crore₹5,924 crore
    EBITDA (profit before interest, tax, depreciation and amortisation)₹1,482 crore₹896 crore
    Profit after tax₹998 crore₹561 crore
  • In the year to Mar 2026, on a consolidated basis (the company with its subsidiaries), revenue from contracts with customers was ₹24,424.73 crore and profit before tax was ₹2,440.95 crore.1213
  • On a standalone basis, net profit after tax, measured as total comprehensive income, fell to ₹2,282.27 crore in the year to Mar 2026 from ₹4,183.06 crore a year earlier.14
  • The board recommended a dividend of ₹8.90 per share for the year to Mar 2026, 53% higher than the ₹5.82 a share paid a year earlier.15

Market position

  • The company says it is one of India's largest city gas distribution companies by sales volume.16
  • It bought about 1.8 million tonnes a year of gas from international markets in the year to Mar 2026, about 7% of India's total imports, the company says.17
  • The company's gas trading business has imported LNG on its own since 2009, more than 490 cargoes up to June 2026.18

Business segments

  • City gas distribution. City gas distribution volume was 12.34 mmscmd (million standard cubic metres a day) in the quarter to Jun 2026, and CNG volume a record 3.76 mmscmd, up 13% from 3.33 mmscmd a year earlier.19
  • Gas trading. Gas trading volume was 12.22 mmscmd in the quarter to Jun 2026, 8.9 mmscmd of it moved to the company's city gas business at a markup; gas trading earnings before tax rose to ₹726 crore from ₹237 crore a year earlier.2021
  • Exploration and production. The company has 11 producing oil and gas fields across onshore Gujarat and offshore basins; its share of oil output in the quarter to Jun 2026 was 336 barrels a day.2223
  • Wind power. The company owns 123.9 MW of wind capacity across 5 farms in Gujarat with 79 turbines, which generated 162.5 million units of electricity in the year to Mar 2026 at a plant load factor (output as a share of the maximum possible) of 14.94%.242526

Sales volume mix

  • Share of city gas distribution volume by customer type27
    Itemquarter to Jun 2026
    Industrial piped gas63%
    CNG for vehicles30%
    Domestic piped gas6%
    Commercial piped gas1%
  • The Morbi ceramic cluster is the largest group of industrial piped gas customers; during the Middle East crisis its supply rose from about 0.4 mmscmd in April 2026 to about 8.0 mmscmd in May and June 2026, averaging 5.67 mmscmd in the quarter.2829
  • In the year to Mar 2026, fertiliser makers took 55% of the 4.94 mmscmd of gas the company traded outside its own city gas business.30

City gas network

  • City gas network at 30 Jun 202631
    Itemquarter to Jun 2026
    Areas authorised for city gas distribution27
    Districts covered44
    Pipeline networkabout 45,900 km
    CNG stations844
    Domestic piped gas connectionsmore than 24.77 lakh
    Commercial connectionsmore than 16,600
    Industrial connectionsmore than 4,496
  • In the quarter to Jun 2026 the company added 6 CNG stations and about 59,000 domestic piped gas customers.1928

Expansion and capital spending

  • On its earnings call of 12 Aug 2026, the company said it plans its own propane import and storage facility near the Morbi market and has shortlisted sites in Gujarat.32
  • The company stated in its annual report for the year to Mar 2026 that it plans 4 new wells in its operated blocks in the year to Mar 2027 and 18 over the next 4 to 5 years.33

What the company expects

  • On its earnings call of 12 Aug 2026, the company said it had cash of around ₹7,200 crore and a capital spending plan of around ₹1,000 crore for city gas distribution, which excludes the planned propane facility.3435
  • On its earnings call of 12 Aug 2026, the company said it keeps its guidance for city gas EBITDA of ₹5.5 to ₹6.5 per standard cubic metre, against about ₹5.18 in the quarter to Jun 2026.34
  • On its earnings call of 12 Aug 2026, the company said about 28% of its gas volumes, about 2 million tonnes of LNG equivalent, is on term contracts, and that it expects at least 4 million tonnes in 2030.36

Recent events

  • GSPL Transmission Limited, holder of the demerged gas transmission business, received final listing and trading approval on 28 Sep 2026, with trading from 30 Sep 2026; the company's shareholders received 1 of its shares for every 3 they held.3738
  • The company allotted 62,27,14,719 shares to shareholders of GSPC and GSPL on 16 May 2026 under the merger; the shares began trading on 18 Jun 2026.39

Last updated

All 39 sources, each with its page
  1. 1. Annual report, 5 Sep 2026, page 3
  2. 2. Investor presentation, 12 Aug 2026, page 9
  3. 3. Annual report, 5 Sep 2026, page 86
  4. 4. Annual report, 5 Sep 2026, page 24
  5. 5. Investor presentation, 12 Aug 2026, page 13
  6. 6. Annual report, 5 Sep 2026, page 7
  7. 7. Annual report, 5 Sep 2026, page 134
  8. 8. Exchange filing, 1 May 2026, page 3
  9. 9. Exchange filing, 1 May 2026, page 2
  10. 10. Investor presentation, 12 Aug 2026, page 7
  11. 11. Earnings call, 12 Aug 2026, page 5
  12. 12. Annual report, 5 Sep 2026, page 380
  13. 13. Annual report, 5 Sep 2026, page 290
  14. 14. Annual report, 5 Sep 2026, page 43
  15. 15. Annual report, 5 Sep 2026, page 24
  16. 16. Annual report, 5 Sep 2026, page 86
  17. 17. Annual report, 5 Sep 2026, page 40
  18. 18. Investor presentation, 12 Aug 2026, page 23
  19. 19. Investor presentation, 12 Aug 2026, page 4
  20. 20. Earnings call, 12 Aug 2026, page 17
  21. 21. Earnings call, 12 Aug 2026, page 3
  22. 22. Investor presentation, 12 Aug 2026, page 26
  23. 23. Investor presentation, 12 Aug 2026, page 28
  24. 24. Investor presentation, 12 Aug 2026, page 30
  25. 25. Annual report, 5 Sep 2026, page 122
  26. 26. Annual report, 5 Sep 2026, page 23
  27. 27. Investor presentation, 12 Aug 2026, page 17
  28. 28. Earnings call, 12 Aug 2026, page 4
  29. 29. Investor presentation, 12 Aug 2026, page 4
  30. 30. Annual report, 5 Sep 2026, page 39
  31. 31. Investor presentation, 12 Aug 2026, page 15
  32. 32. Earnings call, 12 Aug 2026, page 7
  33. 33. Annual report, 5 Sep 2026, page 41
  34. 34. Earnings call, 12 Aug 2026, page 15
  35. 35. Earnings call, 12 Aug 2026, page 15
  36. 36. Earnings call, 12 Aug 2026, page 12
  37. 37. Exchange filing, 29 Sep 2026, page 1
  38. 38. Exchange filing, 5 Sep 2026, page 2
  39. 39. Annual report, 5 Sep 2026, page 22

Results

Consolidated; ₹ crore.Gujarat Energy quarterly results

Revenue growth, 12 months
+42.0%
Net profit growth, 12 months
–

Quarter to Jun 2026, against the quarter before

Revenue
₹9,771 Crup 62.79%
Net profit
₹1,007 Crup 563.64%
Net margin
10.3%

Revenue by quarter

₹3,949 CrSep 24₹4,333 CrDec 24₹4,289 CrMar 25₹4,065 CrJun 25₹3,979 CrSep 25₹3,865 CrDec 25₹6,002 CrMar 26₹9,771 CrJun 26

Net profit by quarter, a loss in red

₹309 CrSep 24₹221 CrDec 24₹288 CrMar 25₹328 CrJun 25₹280 CrSep 25₹267 CrDec 25₹152 CrMar 26₹1,007 CrJun 26

The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹24,425 Cr, differs from its quarters added, ₹17,912 Cr.

₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue3,9494,3334,2894,0653,9793,8656,0029,771
Net profit3092212883282802671521,007
Net margin7.8%5.1%6.7%8.1%7.0%6.9%2.5%10.3%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated. The year to Mar 2026 ended before the demerger of 2 Jul 2026: these businesses may include ones that left with it.Segment revenue and profit

  • Gas Trading₹16,086 Cr48.7%
  • City Gas Distribution₹15,976 Cr48.3%
  • Power₹585 Cr1.8%
  • Regasification business₹311 Cr0.9%
  • E and P₹93 Cr0.3%

Valuation

Today, against the company's own history. Not shown, P/E: demerger, new accounts awaited. Not shown, P/B: demerger, new accounts awaited. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.Gujarat Energy PE ratio and valuation

Dividend yield

At or below today's level on 100% of 2,459 trading days over the last 10 years.

LowestHighest
Its median0.43%Industry median1.73%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−22.6%+29.2%−42.3%2.9%
3 years−10.8%−1.0%−11.7%1.8%
5 years−9.5%+3.0%−13.6%1.4%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Gujarat Energy shareholding pattern

Shareholding by group

  • Promoters38.94%
  • Foreign institutions11.94%
  • Indian institutions21.34%
  • Governments7.23%
  • Individuals and others20.55%
Holder
Governor of GujaratPromoter38.80%
GUJARAT STATE FERTILIZERS & CHEMICALS LIMITEDCompanies5.08%
LICI ASM NON PARInsurance companies4.47%
GUJARAT INDUSTRIAL DEVELOPMENT CORPORATIONGovernment-promoted companies3.54%
GUJARAT MARITIME BOARDCompanies3.04%
GUJARAT ALKALIES AND CHEMICALS LIMITEDGovernment-promoted companies2.35%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +1.09 pts, Indian institutions −2.89 pts, mutual funds −3.04 pts.

Mutual fund holdings

54 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 5 of the 15 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 54 funds holding Gujarat Energy

Added
9
Cut
6
Held unchanged
39
Sold out
3
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Gujarat Energy insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Promoters and promoter group: no market trade
  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Gujarat Energy competitors and peers

LPG/CNG/PNG/LNG Supplier, 8 listed companies, priced on 29 Oct 2026. The table lists the 7 companies closest to Gujarat Energy in market cap.Oil and gas companies

Gujarat Energy is not on the chart: it has no P/E or return on equity today

Return on equity across, P/E up, size is market cap
Company
Adani Total Gas logoAdani Total GasATGL60,11693.6411.61+24.0%+2.6%13.3%12.5%0.05%
Petronet LNG logoPetronet LNGPETRONET43,37310.311.95−24.8%+13.4%20.0%21.9%3.46%
Indraprastha Gas logoIndraprastha GasIGL19,83014.601.72+9.8%−18.5%12.3%9.5%3.35%
Mahanagar Gas logoMahanagar GasMGL10,40114.541.62+11.3%−33.1%11.6%13.5%2.85%
Confidence Petroleum India logoConfidence Petroleum IndiaCONFIPET2,24616.721.58+72.5%–9.8%11.5%0.15%
IRM Energy logoIRM EnergyIRMENERGY1,01113.831.01+12.0%+80.9%7.5%9.4%0.61%
Axiom Gas EngineeringAXIOMGAS124––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Gujarat Energy dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.6Mar 170.8Mar 181Mar 191.3Mar 202Mar 212Mar 226.7Mar 235.7Mar 245.8Mar 258.9Mar 26
Highest ₹8.90 a share, year to Mar 2026.
Ex-dateTypePer share
11 Sep 2026Final₹8.90
4 Sep 2025Final₹5.82
9 Sep 2024Final₹5.66
11 Sep 2023Final₹6.65
19 Aug 2022Final₹2.00
8 Sep 2021Final₹2.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Gujarat Energy announcements

Gujarat Energy share price by year

Each calendar year to 2025.Gujarat Energy share price history

YearClose at year endChangeHighest closeLowest close
2025412.20−17.3%514.15370.20
2024498.70+8.1%680.00451.25
2023461.50−5.1%514.00403.85
2022486.15−23.4%715.35407.75
2021634.85+68.7%772.10349.65
2020376.40+58.5%382.20205.10
2019237.55+77.3%237.55116.70
2018134.01−20.3%181.93120.26
2017168.11+60.7%192.83105.40
2016104.61−16.3%135.4996.23
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026212.68215.90211.50212.20212.8415,37,54062.3%
27 Oct 2026215.00216.51211.16212.68213.9034,57,39874.1%
26 Oct 2026213.90218.54212.00215.30215.386,95,46753.7%
23 Oct 2026218.80218.80211.32214.28213.837,23,78646.7%
22 Oct 2026221.71224.56217.25218.13219.1513,50,01355.8%
21 Oct 2026220.90225.39218.40222.02222.2237,29,85769.6%
19 Oct 2026222.59223.19218.75220.08220.187,51,83657.2%
16 Oct 2026224.01224.80220.82222.62223.026,63,68358.0%
15 Oct 2026226.40229.35223.10224.01225.398,33,72255.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
2 Jul 2026Demerger0.8529Part of the business became a separate company. The factor is the opening price on the ex-date divided by the previous close. The chart shows earlier prices with the demerger reinvested.
15 Jan 2019Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson
Manoj Kumar Das IAS
At the end of the quarter to Jun 2026
Managing director
Avantika Aulakh IAS
At the end of the quarter to Jun 2026
NSE symbol
GUJENERGY
BSE code
539336
ISIN
INE844O01030
Industry
Gas
Former symbols
GUJGASLTD
CIN
L40200GJ2012SGC069118
Corporate identity number, the registrar of companies' code for it
Incorporated
2012
Registered office
Gujarat Energy Bhavan, Behind Udyog Bhavan, Sector - 11, Gandhi Nagar 382010
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments