Gujarat Gas Limited (GUJGASLTD) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Gujarat Gas Limited ₹273, price ₹230, upside +18.6%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range ₹230.07 – ₹739.50 · fair‑value band ₹155.32 – ₹402.32 · the ₹230.07 price screens below the ₹272.92 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 29, 2026.
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Gujarat Energy Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations.
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Gujarat Energy Limited engages in the distribution of natural gas in India. It operates a network of approximately 42,600 kilometers of natural gas pipeline and 828 compressed natural gas (CNG) stations. The company supplies piped natural gas to approximately 22.6 lakh households, approximately 15,600 commercial customers; and approximately 4,400 industrial customers, as well as operates 828 CNG stations. The company also owns wind power generation assets in Gujarat and operates a pilot project of blending green hydrogen. Additionally, it provides IT services for various e-governance initiatives of the government of Gujarat. It operates in the states of Gujarat, Maharashtra, Punjab, Madhya Pradesh, Rajasthan, and Haryana; and 1 union territory of Dadra and Nagar Haveli, and Daman and Diu. The company was formerly known as Gujarat Gas Limited and changed its name to Gujarat Energy Limited in May 2026. Gujarat Energy Limited was incorporated in 2012 and is based in Gandhi nagar, India.
Stock analysis
Gujarat Gas Limited (GUJGASLTD) currently trades at ₹230.07, while our model-based Fair Value estimate is ₹272.92, implying the stock looks roughly 15.7% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹512.03 per share, and 20 of the 26 models we run sit above the ₹230.07 price.
Bear case: the Dividend Discount group reads lowest at ₹29.60, and 6 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹155.32 (bear) to ₹402.32 (bull), the price of ₹230.07 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 42/100 (below-average quality), in the Utilities sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Gujarat Gas Limited reported revenue of ₹236B in FY2026 versus ₹165B in FY2022, a compound +9.4%/yr. Reported net income was ₹20.2B in FY2026, compounding +11.9%/yr from FY2022.
Key figures
Market cap ₹307B (≈ $3.2B) · P/E ratio 676.7 · P/S ratio 57.9 · EPS (TTM) ₹0.3400 · Dividend yield 3.9% · Net margin 8.5% · Return on equity 12.3% · Return on assets (EBIT) 23.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −31% fair-value upside, at 19%, GUJGASLTD screens cheaper than that median.
Fair Value models
Bear ₹155.32Fair Value ₹272.92Bull ₹402.32
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+43.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+12.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.1%
Start year 2021 (pandemic). Over 10 years: +14.5% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+7.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)3.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.3.2% vs 21.0%, slowing
Profit margin 2005 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 9%
Start year 2021 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−3.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+9.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about −7.0% a year for the price and +4.9% for the forecasts.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Gas Utilities” was too small, so the broader sector is used.)Utilities · 667 stocks
Beats the sector median on 6/10 measures
Overall it ranks above its sector peers.
Valuation
Quality Score42 · Below median
Fair Value upside+18.6% · Above median
Profitability
Return on equity (TTM)12.3% · Above median
Return on assets6.7% · Top 25%
Net margin (TTM)8.6% · Below median
Operating margin (TTM)10.3% · Below median
Growth and dividend
Revenue growth21.1% · Top 25%
Dividend yield (TTM)3.9% · Above median
Balance sheet
Debt / equity0.16× · Below median
Valuation Multiplesvs Utilities median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Gujarat Gas Limited Fair Value". https://www.fairvalue-calculator.com/stock/GUJGASLTD
Frequently asked questions
Is Gujarat Gas Limited (GUJGASLTD) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of ₹272.92 versus a price of ₹230.07, about +19% upside (undervalued).
What is the fair value of GUJGASLTD?
Our model-based fair value for Gujarat Gas Limited is ₹272.92 (as of Sep 29, 2026), built from audited fundamentals. The current price: ₹230.07.
What is the quality score of GUJGASLTD?
Gujarat Gas Limited has a Quality Score of 42/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Gujarat Gas Limited (GUJGASLTD)?
Our model-based price target is the fair value of ₹272.92 (as of Sep 29, 2026) from 26 valuation models. Cautious scenario ₹155.32, optimistic scenario ₹402.32. It is a calculation from audited fundamentals, not an analyst target.
What is the Gujarat Gas Limited stock forecast for 2026?
Our models put fair value at ₹272.92, about +19% upside versus a price of ₹230.07 (undervalued). Cautious scenario ₹155.32, optimistic scenario ₹402.32. The calculation is refreshed regularly with new filings.
What is the revenue of Gujarat Gas Limited (GUJGASLTD)?
Gujarat Gas Limited reported trailing-twelve-month revenue of about ₹236B (latest available figure, as of Sep 29, 2026).
Does Gujarat Gas Limited pay a dividend?
Gujarat Gas Limited currently shows a dividend yield of about 3.87% relative to its recent price (as of Sep 29, 2026).
What growth is priced into Gujarat Gas Limited (GUJGASLTD)?
For today's price to be fair in a discounted-cash-flow model, Gujarat Gas Limited would have to grow free cash flow by -3.2 % per year for five years (discount rate 10.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.1 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of GUJGASLTD use?
Our models discount Gujarat Gas Limited at 10.9 %: a base by market capitalisation (mid), damped by beta 0.50, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Gujarat Gas Limited that is -3.2 % per year a year over ten years, using the same discount rate (10.9 %) and the same formula as our fair value.
How much growth has Gujarat Gas Limited (GUJGASLTD) delivered so far?
Over the past 5 years revenue at Gujarat Gas Limited grew +19.1 % a year. The price currently implies -3.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Gujarat Gas Limited (GUJGASLTD) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Gujarat Gas Limited (-3.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Gujarat Gas Limited (GUJGASLTD)?
The free-cash-flow yield on the price is 9.41 %: that much free cash flow Gujarat Gas Limited produces per unit of market value. When it exceeds the discount rate of our models (10.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gujarat Gas Limited (GUJGASLTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gujarat Gas Limited it is ₹272.92 per share (as of Sep 29, 2026), against a price of ₹230.07. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Gujarat Gas Limited stock overvalued or undervalued in 2026?
As of Sep 29, 2026, GUJGASLTD trades below its calculated fair value: price ₹230.07, fair value ₹272.92, a gap of about +19% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of GUJGASLTD?
No. The price is what the market pays today (₹230.07); the fair value is what the company's own numbers justify (₹272.92). For Gujarat Gas Limited the two are ₹42.85 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gujarat Gas Limited worth?
The market values Gujarat Gas Limited at about ₹307B (market capitalisation, as of Sep 29, 2026). Per share that is ₹230.07; our models calculate a fair value of ₹272.92 per share.
What do the bullish and bearish scenarios say about GUJGASLTD?
Our models span a range for Gujarat Gas Limited: cautious scenario ₹155.32, base ₹272.92, optimistic ₹402.32 per share (as of Sep 29, 2026, price ₹230.07). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Gujarat Gas Limited (GUJGASLTD)?
Balance-sheet figures for Gujarat Gas Limited (as of Sep 29, 2026): return on equity 12.3%, debt of 0.16 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is GUJGASLTD from its 52-week high?
Gujarat Gas Limited trades at ₹230.07, about 48% below its 52-week high of ₹441.00 and at the low of ₹230.07 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹272.92 is for.
Which stocks are comparable to Gujarat Gas Limited?
From the same area (Utilities) we also value NextEra Energy, Inc, Iberdrola, S.A, China Yangtze Power Co, Enel SpA, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Gujarat Gas Limited stock attractive at the current price?
The data as of Sep 29, 2026: price ₹230.07, calculated fair value ₹272.92 (+19%), Quality Score 42/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of GUJGASLTD calculated?
We run Gujarat Gas Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹272.92, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.7 % above its aggregate fair value. Gujarat Gas Limited currently trades 16 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Gujarat Gas Limited (GUJGASLTD)?
The closing price on Oct 1, 2026 was ₹230.07. Our model-based fair value is ₹272.92, about +19% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gujarat Gas Limited right now?
A fairly wide model range (₹155.32 to ₹402.32) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Gujarat Gas Limited (GUJGASLTD) come from?
Earnings per share at Gujarat Gas Limited grew +18.2 % a year from 2015 to 2026. Broken into its drivers: revenue per share +10.5 %, EBIT margin −2.0 %, tax rate +0.4 %, residual (interest, one-offs) +8.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Gujarat Gas Limited
How large is the market capitalisation of Gujarat Gas Limited (GUJGASLTD)?
The market capitalisation of Gujarat Gas Limited is ₹307B (≈ $3.2B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Gujarat Gas Limited (GUJGASLTD)?
The price-to-earnings ratio of Gujarat Gas Limited is 676.7. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Gujarat Gas Limited (GUJGASLTD)?
The price-to-sales ratio of Gujarat Gas Limited is 57.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gujarat Gas Limited (GUJGASLTD)?
Earnings per share at Gujarat Gas Limited are ₹0.3400 (price ÷ EPS = P/E 676.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gujarat Gas Limited (GUJGASLTD)?
The dividend yield of Gujarat Gas Limited is 3.9%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gujarat Gas Limited (GUJGASLTD)?
The net margin of Gujarat Gas Limited is 8.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Gujarat Gas Limited (GUJGASLTD)?
The return on equity (ROE) of Gujarat Gas Limited is 12.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Gujarat Gas Limited (GUJGASLTD)?
On an EBIT basis the return on assets of Gujarat Gas Limited is 23.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Gujarat Gas Limited (GUJGASLTD)?
The operating margin of Gujarat Gas Limited is 10.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gujarat Gas Limited (GUJGASLTD)?
Revenue at Gujarat Gas Limited is growing +21.1% versus a year earlier (3y avg +12.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Gujarat Gas Limited (GUJGASLTD)?
Earnings per share at Gujarat Gas Limited are growing +32.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Gujarat Gas Limited (GUJGASLTD) carry?
The net debt of Gujarat Gas Limited is ₹19.3B (fiscal year 2026, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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