BQ Prime's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
GAIL India Ltd. reported higher than estimated Ebitda of Rs 34.9 billion (up 44% QoQ, our estimate: Rs 26.4 billion) while profit after tax came in at Rs 24 billion (up 70% QoQ, our estimate: Rs 17.8 billion).
Pipeline utilisation increased to 52% owing to growing domestic demand.
GAIL expects transmission volumes to grow to 132 million metric standard cubic metre per day in FY25.
Going forward, we build in a 4.8/4.5% compound annual growth rate volume growth over FY24-26E in transmission and trading segments.
We maintain ‘Buy' rating on the company, and value it at nine times FY26 adjusted earnings per share of 12.7 and the value of listed and unlisted investment at Rs 25 to arrive at our target price of Rs 139.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
