About Gagan Gases
Gagan Gases is a publicly listed company based in Pithampur (India) founded in 1986. Bottled LPG is distributed for commercial applications in Madhya Pradesh. The company has 7 employees. Its chief executive, as recorded, is Kul Rattan Maheshwary. Its Indian entity Gagan Gases Limited. reported revenue of ₹6.09 Cr. Gagan Gases offers products and services including LPG and LPG Bottling Services. Its focus areas include Energy, Oil & Gas Downstream, Fuel Distribution and Services.
Company details
Founded in 1986, Gagan Gases operates in the liquefied petroleum gas sector within India. Bottled LPG is distributed for commercial uses, with an LPG refilling plant maintained in Pithampur, Madhya Pradesh. Lubricants and other industrial products are also marketed through the companys network. Operations focus on regional supply in central India, supporting various commercial needs.
- Headquarters Pithampur, India
- Employees 7
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website gagangases.com
- Social LinkedIn
- Legal Name Gagan Gases Limited.
- Market Cap₹8.90 Cr
GAGAN · BSE
- Share Price₹19.40
-1.52% today
- Revenue₹6.03 Cr
FY 2025-26 · +6.0% YoY
- EBITDA₹0.21 Cr
Margin 3.5%
- Net Profit₹0.13 Cr
FY 2025-26 · -50.0% YoY
- P/E (TTM)27.7x
P/B 2.1x
- ROE3.1%
ROCE 4.4%
- Debt / Equity0.12
Interest cover 20.0x
- Employee Count7
Associated legal entities of Gagan Gases
Gagan Gases operates through Gagan Gases Limited., a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Gagan Gases Limited. Listed CIN L24111MP1986PLC004228 | Active | 06 Mar 1986 | Indore, Madhya Pradesh | ₹6.1 Cr | 7 | 7 | View details |
Products & Services of Gagan Gases
Gagan Gases offers a comprehensive portfolio of products and services, including LPG and LPG Bottling Services.
LPG is distributed and marketed for commercial and industrial applications
LPG bottling and safe distribution services are provided for various needs
Board of directors of Gagan Gases Limited. (Gagan Gases)
Gagan Gases Limited. is the primary company behind Gagan Gases. The board of Gagan Gases Limited. currently have 5 directors; the longest-serving is Kul Rattan Maheshwary, appointed in 1996. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kul Rattan Maheshwary DIN 00786402 | Director | 01 Nov 1996 | 30 yrs | Gagan Gases Limited. |
| Gagan Maheshwary DIN 00320425 | Managing Director | 22 Aug 2016 | 10 yrs 2 mo | Gagan Gases Limited. |
| Balwinder Singh Rana DIN 00349678 | Whole-time director | 18 Jan 2018 | 8 yrs 9 mo | Gagan Gases Limited. |
| Dinesh Kumar Randhar DIN 08646283 | Director | 25 Dec 2019 | 6 yrs 10 mo | Gagan Gases Limited. |
| Usha Shrivastava DIN 09768170 | Director | 17 Oct 2022 | 4 yrs | Gagan Gases Limited. |
People of Gagan Gases
1 people are tracked at Gagan Gases (1 in leadership); the tracked headcount is 7.
| Name | Role | Group |
|---|---|---|
| CEO & MD | Leadership |
Complete people profiles for Gagan Gases
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Gagan Gases
Gagan Gases is a publicly listed company on the BSE with ticker symbol GAGAN in India, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date19 Sep 1994
- Listed onBSE: 524624
- Listed entityGagan Gases Limited.
- Exchange sectorProcess industries
- ISININE076D01016
- Share price₹18.50 · 2026-10-14
- Volume (last session)297
Financials of Gagan Gases
Exchange-reported figures of Gagan Gases Limited., the listed company behind Gagan Gases (BSE: GAGAN).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 6.03 | 5.69 | 2.13 | 2.21 | 2.90 | 2.17 | 1.25 |
| Revenue growth | +6.0% | +167.1% | -3.6% | -23.8% | +33.6% | +73.6% | - |
| EBITDA | 0.21 | 0.34 | 0.16 | 0.21 | 0.38 | 0.27 | 0.10 |
| EBITDA margin | +3.5% | +6.0% | +7.5% | +9.5% | +13.1% | +12.4% | +8.0% |
| Profit before tax | 0.18 | 0.35 | 0.08 | 2.45 | 0.27 | 0.15 | 0.05 |
| Net profit | 0.13 | 0.26 | 0.05 | 0.13 | 0.05 | 0.02 | 0.05 |
| Net profit margin | +2.2% | +4.6% | +2.4% | +5.9% | +1.7% | +0.9% | +4.0% |
| EPS (₹) | 0.31 | 0.59 | 0.13 | 4.13 | 0.13 | 0.07 | 0.11 |
| Balance sheet | |||||||
| Total assets | 3.90 | 3.76 | 3.49 | 3.41 | 1.76 | 1.88 | 1.73 |
| Net worth | 3.45 | 3.31 | 3.05 | 2.99 | 1.12 | 1.06 | 1.24 |
| Total debt | 0.39 | 0.39 | 0.39 | 0.37 | 0.48 | 0.65 | 0.33 |
| Cash & bank | 0.40 | 0.50 | 0.34 | 0.15 | 0.20 | 0.31 | 0.22 |
| Net working capital | 0.94 | 0.76 | 0.61 | 0.41 | 0.93 | 0.84 | 0.76 |
| Cash flow | |||||||
| Cash from operations | (0.13) | 0.26 | 0.09 | (0.03) | 0.11 | 0.28 | (0.28) |
| Cash from investing | 0.06 | (0.07) | 0.12 | 0.13 | 0.01 | 0.01 | 0.04 |
| Cash from financing | (0.03) | (0.03) | (0.02) | (0.15) | (0.23) | (0.20) | 0.29 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.70 | 0.53 | 1.81 | 1.71 | 1.65 | 0.86 | 1.05 | 1.86 |
| Revenue growth (YoY) | -57.6% | -38.4% | +72.4% | -8.1% | +15.4% | -35.8% | - | - |
| Other income | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Total expenses | 0.67 | 0.48 | 1.65 | 1.61 | 1.64 | 0.91 | 0.93 | 1.75 |
| EBITDA | 0.03 | 0.05 | 0.16 | 0.10 | 0.01 | (0.05) | 0.12 | 0.11 |
| EBITDA margin | +4.3% | +9.4% | +8.8% | +5.8% | +0.6% | -5.8% | +11.4% | +5.9% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Interest | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Profit before tax | 0.02 | 0.04 | 0.18 | 0.08 | (0.01) | (0.07) | 0.18 | 0.09 |
| Tax | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.07 | 0.01 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.70 | 0.53 | 1.81 | 1.71 | 1.65 | 0.86 | 1.05 | 1.86 |
| Revenue growth (YoY) | -57.6% | -38.4% | +72.4% | -8.1% | +15.4% | -35.8% | - | - |
| Other income | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Total expenses | 0.67 | 0.48 | 1.65 | 1.61 | 1.64 | 0.91 | 0.93 | 1.75 |
| EBITDA | 0.03 | 0.05 | 0.16 | 0.10 | 0.01 | (0.05) | 0.12 | 0.11 |
| EBITDA margin | +4.3% | +9.4% | +8.8% | +5.8% | +0.6% | -5.8% | +11.4% | +5.9% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Interest | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 |
| Profit before tax | 0.02 | 0.04 | 0.18 | 0.08 | (0.01) | (0.07) | 0.18 | 0.09 |
| Tax | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.07 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 6.03 | 5.69 | 2.13 | 2.21 | 2.90 | 2.17 | 1.25 |
| Revenue growth | +6.0% | +167.1% | -3.6% | -23.8% | +33.6% | +73.6% | - |
| Other income | 0.06 | 0.11 | 0.03 | 2.36 | 0.01 | 0.02 | 0.02 |
| Total expenses | 5.82 | 5.35 | 1.97 | 2.00 | 2.52 | 1.90 | 1.15 |
| Employee cost | 0.33 | 0.18 | 0.23 | 0.16 | 0.15 | 0.12 | 0.29 |
| EBITDA | 0.21 | 0.34 | 0.16 | 0.21 | 0.38 | 0.27 | 0.10 |
| EBITDA margin | +3.5% | +6.0% | +7.5% | +9.5% | +13.1% | +12.4% | +8.0% |
| Depreciation | 0.06 | 0.07 | 0.07 | 0.07 | 0.07 | 0.07 | 0.06 |
| Interest | 0.03 | 0.03 | 0.04 | 0.05 | 0.05 | 0.07 | 0.01 |
| Profit before tax | 0.18 | 0.35 | 0.08 | 2.45 | 0.27 | 0.15 | 0.05 |
| Tax | 0.05 | 0.09 | 0.03 | 0.59 | 0.22 | 0.13 | 0.00 |
| Net profit | 0.13 | 0.26 | 0.05 | 0.13 | 0.05 | 0.02 | 0.05 |
| Net profit margin | +2.2% | +4.6% | +2.4% | +5.9% | +1.7% | +0.9% | +4.0% |
| EPS (₹) | 0.31 | 0.59 | 0.13 | 4.13 | 0.13 | 0.07 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 | 4.52 |
| Reserves & surplus | (1.07) | (1.21) | (1.47) | (1.53) | (3.40) | (3.46) | (3.28) |
| Shareholders' funds (net worth) | 3.45 | 3.31 | 3.05 | 2.99 | 1.12 | 1.06 | 1.24 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.18 | 0.00 |
| Unsecured loans | 0.39 | 0.39 | 0.39 | 0.37 | 0.48 | 0.47 | 0.33 |
| Total debt | 0.39 | 0.39 | 0.39 | 0.37 | 0.48 | 0.65 | 0.33 |
| Total liabilities | 3.90 | 3.76 | 3.49 | 3.41 | 1.76 | 1.88 | 1.73 |
| Assets | |||||||
| Gross block | 11.00 | 11.00 | 10.99 | 10.99 | 11.28 | 11.28 | 11.03 |
| Net block | 0.49 | 0.55 | 0.60 | 0.67 | 0.85 | 0.93 | 0.71 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2.44 | 2.45 | 2.27 | 2.36 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.09 | 0.00 | 0.15 | 0.13 | 0.38 | 0.09 | 0.08 |
| Sundry debtors | 0.57 | 0.28 | 0.21 | 0.22 | 0.38 | 0.51 | 0.48 |
| Cash & bank balances | 0.40 | 0.50 | 0.34 | 0.15 | 0.20 | 0.31 | 0.22 |
| Loans & advances | 0.04 | 0.10 | 0.03 | 0.59 | 0.09 | 0.04 | 0.05 |
| Total current assets | 1.10 | 0.88 | 0.73 | 1.09 | 1.05 | 0.95 | 0.83 |
| Total current liabilities | 0.16 | 0.12 | 0.12 | 0.68 | 0.12 | 0.11 | 0.07 |
| Net working capital | 0.94 | 0.76 | 0.61 | 0.41 | 0.93 | 0.84 | 0.76 |
| Total assets | 3.90 | 3.76 | 3.49 | 3.41 | 1.76 | 1.88 | 1.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.50 | 0.34 | 0.15 | 0.20 | 0.31 | 0.22 | 0.17 |
| Net cash from operating activities | (0.13) | 0.26 | 0.09 | (0.03) | 0.11 | 0.28 | (0.28) |
| Net cash from investing activities | 0.06 | (0.07) | 0.12 | 0.13 | 0.01 | 0.01 | 0.04 |
| Net cash from financing activities | (0.03) | (0.03) | (0.02) | (0.15) | (0.23) | (0.20) | 0.29 |
| Net change in cash | (0.10) | 0.16 | 0.20 | (0.05) | (0.12) | 0.09 | 0.05 |
| Closing cash | 0.40 | 0.50 | 0.34 | 0.15 | 0.20 | 0.31 | 0.22 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.0% | +167.1% | -3.6% | -23.8% | +33.6% | +73.6% | - |
| EBITDA growth | -38.2% | +112.5% | -23.8% | -44.7% | +40.7% | +170.0% | - |
| PBT growth | -48.6% | +337.5% | -96.7% | +807.4% | +80.0% | +200.0% | -70.6% |
| Net income growth | -50.0% | +420.0% | -61.5% | +160.0% | +150.0% | -60.0% | - |
| Revenue CAGR (3Y) | +39.7% | +25.2% | -0.6% | +20.9% | +71.0% | +65.4% | +29.2% |
| EBITDA CAGR (3Y) | 0.0% | -3.6% | -16.0% | +28.1% | +23.9% | +89.0% | -16.2% |
| Profitability & leverage | |||||||
| Net income margin | +2.2% | +4.6% | +2.4% | +84.2% | +1.7% | +0.9% | +4.0% |
| Return on capital employed | +4.4% | +7.7% | +2.6% | +4.2% | +6.1% | +4.4% | +1.2% |
| Return on net worth | +3.1% | +6.0% | +1.3% | +3.1% | +1.3% | +0.7% | +1.1% |
| Debt / equity | 0.12 | 0.12 | 0.13 | 0.21 | 0.52 | 0.43 | 0.15 |
| Long-term debt / equity | 0.12 | 0.12 | 0.13 | 0.21 | 0.52 | 0.43 | 0.15 |
| Interest cover | 20.00 | 11.11 | 44.44 | 35.71 | 16.13 | 35.00 | 25.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.55 | 0.52 | 0.19 | 0.20 | 0.26 | 0.19 | 0.11 |
| Inventory turnover | 134.00 | 75.87 | 15.21 | 8.67 | 12.34 | 25.53 | 31.25 |
| Debtors turnover | 14.19 | 23.22 | 9.91 | 7.37 | 6.52 | 4.38 | 3.73 |
| EPS (₹) | 0.31 | 0.59 | 0.13 | 4.13 | 0.13 | 0.07 | 0.11 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 7.64 | 7.33 | 6.74 | 6.61 | 2.48 | 2.35 | 2.74 |
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Frequently Asked Questions about Gagan Gases
Gagan Gases was founded in 1986.
Gagan Gases is headquartered in Pithampur, India. It is registered at Pithampur, Madhya Pradesh, India.
Kul Rattan Maheshwary is the CEO of Gagan Gases, as recorded in our data.
Gagan Gases has 7 employees.
The primary company behind Gagan Gases, Gagan Gases Limited., reported revenue of ₹6.09 Cr for FY 2026, up 6% year on year.
Founded in 1986, Gagan Gases operates in the liquefied petroleum gas sector within India. Bottled LPG is distributed for commercial uses, with an LPG refilling plant maintained in Pithampur, Madhya Pradesh. Lubricants and other industrial products are also marketed through the companys network. Operations focus on regional supply in central India, supporting various commercial needs.
Gagan Gases offers LPG and LPG Bottling Services.
Yes, Gagan Gases is publicly traded on BSE under the ticker symbol GAGAN.
Gagan Gases operates through Gagan Gases Limited..
The legal entities of Gagan Gases currently have 6 directors, including Balwinder Singh Rana, Usha Shrivastava, Gagan Maheshwary and others.