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GAIL (India) Limited GAIL.NS

IN · National Stock Exchange of India · XNSE · stock · Utilities · website

GAIL (India) Limited statistics & valuation

Market cap₹1.15T
P / E15.2×
P / S0.8×
P / B1.3×
P / FCF47.1×
Net margin5.4%
FCF margin1.7%
Net debt₹238.7B
Enterprise value USD$14.6B
Earnings yield EBIT/EV5.5%
Return on capital6.5%
Graham number +7.2%₹187.44

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹187.44); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
3.90% 7.50% 8.80% 5.40% 2023202420252026
Gross margin (%)
7.20% 13.70% 18.40% 17.10% 2023202420252026
Operating margin (%)
3.40% 8.30% 8.20% 5.40% 2023202420252026
Return on equity (%)
8.60% 12.90% 14.60% 8.50% 2023202420252026
Shares outstanding
6.58B 6.58B 6.58B 6.58B 2023202420252026
Net debt (₹)
₹175.72B ₹206.48B ₹202.78B ₹238.72B 2023202420252026
Share buybacks (₹)
₹13.29B 2023202420252026
Return on assets (%)
5.20% 7.90% 9.40% 5.40% 2023202420252026
Free cash flow margin (%)
-3.90% 0.10% 5.50% 1.70% 2023202420252026
Debt / equity (×)
0.27× 0.28× 0.25× 0.28× 2023202420252026
EPS (₹)
₹8.52 ₹15.06 ₹18.93 ₹11.53 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

GAIL (India) Limited trades at about 15.2× earnings — near its 10-year norm (10-year range 10×–14.2×, median 13.9×).

10× 15.2×

Shaded band = 10-year range (10×–14.2×); dot = today's 15.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin17.1%18.4%13.7%7.2%
Operating margin5.4%8.2%8.3%3.4%
Net margin5.4%8.8%7.5%3.9%
FCF margin1.7%5.5%0.1%-3.9%
Return on assets5.4%9.4%7.9%5.2%
Return on equity8.5%14.6%12.9%8.6%
Debt / equity0.15×0.13×0.17×0.14×
Current ratio0.851.000.940.95

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.