Gujarat Gas Share Price Target – Gujarat Gas Limited (GGL) is a government company under section 2(45) of the Companies Act, 2013. GGL, earlier known as GSPC Distribution Networks Limited (GDNL), is involved in the business of Natural gas in India. Natural gas distribution is the process of moving the gas from the supply sources to the demand centres and to the final consumers.
In domestic, Industrial, Commercial and Non-commercial segments in the areas of South & Central Gujarat and Saurashtra, GGL fulfils its corporate social responsibility by supplying CNG and PNG connections to its customers.Â
Gujarat Gas Current Market OverviewÂ
- Today’s open: 661
- Today’s high: 682.8
- Today’s low: 661
- Current share price: 676
- Market Capital: 46,540 Cr.
- P/E : 37.00
- Dividend Yield: 0.84%
- 52-week High: 689.45
- 52 Week Low: 397.20
Gujarat Gas Share Price CurrentGraph
Gujarat Gas Share Price Target Tomorrow From 2024 To 2030
Below are the estimated share prices of Gujarat Gas Ltd. for the upcoming years from 2024 to 2030:
| Gujarat Gas Share Price Target Years | Share Price Target |
| 2024 | ₹925.2 |
| 2025 | ₹1057 |
| 2026 | ₹1211 |
| 2027 | ₹1385 |
| 2028 | ₹1584 |
| 2029 | ₹1814 |
| 2030 | ₹2076 |
Shareholding Pattern For Gujarat Gas
- Promoters: 60.89%
- Retail and others: 13.03%
- Mutual funds: 7.47%
- Other domestic institutions: 14.3%
- Foreign institutions: 4.31%Â
Gujarat Gas Share Annual Income Statement
The given chart shows the comparison between revenue and net income.
Below mentioned is the Annual income Statement with the annual graph:Â
| (INR) | June 2024 | Y/Y |
| Revenue | 44.50B | +17.69% |
| Operating Expense | 4.49B | +8.45% |
| Net Income | 3.31B | +53.14% |
| Net Profit Margin | 7.43 | +30.12% |
| Earnings Per Share | 4.79 | +52.55% |
| EBITDA | 5.31B | +39.79% |
| Effective Tax Rate | 25.55% | — |
Risks And Challenges For Gujarat Gas Share PriceÂ
The share price of Gujarat Gas faces several key risks and challenges:
Regulatory Risks
Gujarat Gas is in a highly sensitive industry. Fluctuations in government policies or regulations concerning the pricing of natural gas, subsidies, and environmental policies have a direct bearing on the company’s revenues.
Economic Fluctuations
It is evident that the performance of the company depends on the macroeconomic factors. This means that economic slowdown or changes in industrial activity may lead to lower demand for natural gas, hence affecting revenue and earnings.Â
Competition And Market Dynamics
Competition from other gas suppliers and other energy sources is a threat that is present. The threat of new entrants into the market could affect the position of Gujarat Gas since new entrants could provide solutions at a cheaper price or with better technology.
Operational Risks
The efficiency of the company is important in operation. The performance may be impacted by disruptions in the supply chain, pipeline maintenance problems, or operational problems.
