Main sectors for revenues:

1. Industrial sector
2. Household sector
3. Transport sector

TOP 3 markets and their percentage shares:

1. Industrial sector: approx. 60%
2. Household sector: approx. 25%
3. Transport sector: approx. 15%

Gujarat Gas Limited generates the majority of its revenues from the industrial sector, as many production facilities rely on natural gas as an energy source. The household sector also plays a significant role, as natural gas is used for cooking and heating in many households. The transport sector is growing steadily, as more vehicles are being converted to environmentally friendly natural gas solutions.

Production Sites: Gujarat, India

Gujarat Gas Limited produces and distributes natural gas mainly in the state of Gujarat, India. The company operates an extensive network of pipelines and supply facilities there to deliver natural gas to households, commercial, and industrial customers.

In addition, Gujarat Gas Limited has expanded its infrastructure in neighboring states to increase its reach and enhance supply security. The strategic location in one of India's most industrially developed states enables the company to produce and distribute efficiently.

Expected Revenue Growth: 10-12% annually (2026, estimate based on historical data and market trends)

Expected Infrastructure Investments: $500 million over the next 3 years (estimate)

Gujarat Gas Limited is pursuing a growth strategy based on expanding its supply network and tapping into new markets. The company plans to significantly expand its infrastructure to meet the increasing demand for natural gas in India.

Another focus is on diversifying their energy sources to reduce dependence on traditional fossil fuels and support the transition to more sustainable forms of energy. This includes investments in renewable energy and the development of technologies to improve energy efficiency.

In addition, Gujarat Gas Limited is leveraging strategic partnerships and collaborations to strengthen its market presence and unlock new business opportunities. These measures are intended to enable the company to remain competitive both nationally and internationally.

Main commodity: Natural gas

Countries of origin: Qatar, USA, Australia

Gujarat Gas Limited mainly imports natural gas in the form of liquefied natural gas (LNG). The main supplier countries for LNG are Qatar, the USA, and Australia. These countries are leading in the production and export of LNG, offering competitive prices and long-term supply contracts that are crucial for the supply security of Gujarat Gas Limited.

The import of LNG enables Gujarat Gas Limited to meet the increasing demand for natural gas in India, especially in industrial and urban areas where natural gas is preferred as a cleaner energy source compared to coal and oil.

Market share: 25% in the Indian gas market (estimated for 2026)

Revenue growth: 10% annually (estimated for 2026)

Gujarat Gas Limited has a significant competitive advantage in the Indian gas market, mainly due to its strong market presence and infrastructure in Gujarat, one of the fastest-growing states in India. The company benefits from long-term supply contracts and a well-established distribution network, allowing it to operate efficiently and cost-effectively.

Another advantage is its strategic positioning in a market with increasing demand for cleaner energy sources, supported by Indian government policies promoting natural gas as a transitional energy source. This enables Gujarat Gas Limited to further expand its market share and benefit from government subsidies and incentives.

Additionally, the company continuously invests in technological innovations and expanding its capacities to meet the rising demand and improve its operational efficiency. These factors help strengthen Gujarat Gas Limited's competitive advantage in a dynamic and high-growth market environment.

Institutional Investor Share: approximately 30% (estimate based on 2023 data)

Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in Gujarat Gas Limited is around 30%. This reflects the confidence of institutional investors in the company's long-term growth prospects.

In 2025, there were no significant insider buys or sells, indicating that the management and other insiders are satisfied with the current company strategy and development. Such stable insider activities can be seen as a positive signal for market participants.

Market share of Gujarat Gas Limited: Estimate 20% (2026)

Main competitors and their market shares:

1. Indraprastha Gas Limited: Estimate 25%
2. Mahanagar Gas Limited: Estimate 18%
3. Adani Total Gas Limited: Estimate 15%
4. GAIL (India) Limited: Estimate 12%
5. Bharat Petroleum Corporation Limited (BPCL): Estimate 10%

Moat of Gujarat Gas Limited:

Gujarat Gas Limited has a significant moat due to its strong presence in the state of Gujarat, which is considered one of the most industrialized states in India. This allows the company to benefit from a stable and growing demand for natural gas. Additionally, the company has a well-established distribution network and long-term supply contracts that strengthen its market position.

Compared to its competitors, Indraprastha Gas Limited has a similar advantage in the Delhi region, giving it a strong regional moat. Mahanagar Gas Limited benefits from its strong presence in Mumbai. Adani Total Gas Limited and GAIL (India) Limited are also significant players with strategic partnerships and a diversified portfolio that gives them a certain advantage.

Overall, Gujarat Gas Limited has a solid regional moat, but competitors are also strongly positioned in other regions, intensifying the competition.

Revenue Growth: 18% (2025) Net Income Growth: 14% (2025) Market Share in Segment: 25% (2025, estimated)

In 2025, Gujarat Gas Limited recorded a revenue growth of 18%, attributed to increasing demand for natural gas and successful expansion into new regions. The company also managed to increase its net income by 14%, indicating efficiency improvements and cost-cutting measures.

Gujarat Gas Limited's market share in the Indian natural gas market is estimated to be around 25%, making it one of the leading providers in this sector. This strong market position enables the company to benefit from the growing demand for more environmentally friendly energy sources.

The long-term growth prospects for Gujarat Gas Limited are positive, especially given the increasing urbanization and industrialization in India, which are expected to lead to higher demand for natural gas. However, investors should also consider regulatory risks and commodity price volatility, which could impact the company's profitability.

Dividend Yield: 2.5% (estimated for 2026)

Dividend History: Continuous payout over the last 5 years

Gujarat Gas Limited has regularly distributed dividends to its shareholders in recent years. The dividend yield is estimated to be around 2.5% for the year 2026, based on the latest available data and past payouts.

The company has a solid dividend history, indicating a reliable payout. This stability is often a sign of a healthy financial position and a strategic focus on consistent returns for shareholders. Analysts view Gujarat Gas Limited's dividend policy as sustainable, as long as there are no significant market changes or internal challenges.