Gagan Gases Limited. - chemicals and materials in Indore, Madhya Pradesh, India. FY 2026 financials and compliance.
CIN L24111MP1986PLC004228 Incorporated 06 March 1986 ROC Gwalior HQ Indore, Madhya Pradesh, India
Active Listed - BSE: 524624 Public Limited Company chemicals and materials
Data last updated
Revenue · FY 2026
₹6.03 Cr
▲ 6% YoY
Computed EBITDA · FY 2026
₹27.28 Lakh
▼ 38.92% YoY
Net profit · FY 2026
₹13.97 Lakh
▼ 47.58% YoY
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹4.52 Cr
Issued & subscribed
Open charges
None
Satisfied ₹1.48 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
7
Latest available

About Gagan Gases Limited.

Data last updated: 14 July 2026

Gagan Gases Limited. is a public limited company based in Indore, Madhya Pradesh, India. It specialises in industrial and specialty gases, a part of the broader chemicals and materials sector. Incorporated on 06 March 1986, the company has been in operation for over 40 years.

Registered with ROC Gwalior under CIN L24111MP1986PLC004228. Listed on BSE: 524624.

Capital: an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹4.52 Cr. It is led by directors including Balwinder Singh Rana and Usha Shrivastava.

Last AGM: 27 September 2025. Financial statements filed for year ended 31 March 2025. Office: 40 Scheme No 78 Part 2 Vijaynagar, Indore, Madhya Pradesh, India – 452010.

As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹6.03 Cr, a growth of 6% compared to the previous year. The net worth stands at ₹3.45 Cr (up 4.22% YoY). Total assets are valued at ₹4.06 Cr (up 4.05% YoY).

The company has a workforce of approximately 7 employees as per the latest available data.

The company is associated with 1 brand - Gagan Gases. As per MCA filings, the company has satisfied charges of ₹1.48 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gagangases.com.

Company Details of Gagan Gases Limited.
CIN L24111MP1986PLC004228
Registration Number 004228
Incorporation Date 06 March 1986
ROC Gwalior
Listing Status Listed (BSE: 524624)
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
  • Social Media
    Locked
  • Registered Address
    40 Scheme No 78 Part 2 Vijaynagar, Indore, Madhya Pradesh, India – 452010
  • Industry
    Chemicals and Materials, Industrial & Specialty Gases
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Financials, compliance, directors, charges, ownership and filings for Gagan Gases Limited. in one report.

10-year financials Directors & ownership Charges & compliance

Associated Brands with Gagan Gases Limited.

Gagan Gases Limited. operates one associated brand: Gagan Gases. These brands represent Gagan Gases Limited.'s diversified market presence and brand portfolio.

Brand Description Website
Bottled LPG is distributed for commercial applications in Madhya Pradesh. gagangases.com

Business Activity of Gagan Gases Limited.

Gagan Gases Limited. is engaged in the principal business activity of manufacturing, with detailed activities including coke and refined petroleum products.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
C Manufacturing C5 Coke and refined petroleum products Locked
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Auditor Details of Gagan Gases Limited.

Gagan Gases Limited. is audited by Dilip K Neema & Associates (ICAI peer reviewed, certificate valid till 2028-07-31) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
Dilip K Neema & Associates (ICAI peer reviewed, certificate valid till 2028-07-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Gagan Gases Limited.

Gagan Gases Limited. is currently managed by 5 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Balwinder Singh Rana Whole-Time Director 18 Jan 2018 8 Years 6 Months Current
Usha Shrivastava Director 17 Oct 2022 3 Years 9 Months Current
Gagan Maheshwary Managing Director 22 Aug 2016 9 Years 11 Months Current
Kul Rattan Maheshwary Director 01 Nov 1996 29 Years 8 Months Current
Dinesh Kumar Randhar Director 25 Dec 2019 6 Years 7 Months Current

Financials of Gagan Gases Limited. FY 2026 filings available

Gagan Gases Limited. reported revenue of ₹6.03 Cr (up 6% YoY) for FY 2026.

Revenue · FY 2026
₹6.03 Cr ▲ 6%
Profit · FY 2026
₹13.97 Lakh ▼ 47.58%
Computed EBITDA · FY 2026
₹27.28 Lakh ▼ 38.92%
Revenue₹ Cr · Standalone02.557.5FY 2019: ₹1 Cr0.6FY 2019FY 2020: ₹1 Cr · +119% YoY1.3+119%FY 2020FY 2021: ₹2 Cr · +70.9% YoY2.2+70.9%FY 2021FY 2022: ₹3 Cr · +33.6% YoY2.9+33.6%FY 2022FY 2023: ₹2 Cr · -23.8% YoY2.2-23.8%FY 2023FY 2024: ₹2 Cr · -3.5% YoY2.1-3.5%FY 2024FY 2025: ₹6 Cr · +166.7% YoY5.7+166.7%FY 2025FY 2026: ₹6 Cr · +6% YoY6+6%FY 2026
Net Profit₹ Cr · Standalone012FY 2019: ₹0 Cr0.1FY 2019FY 2020: ₹0 Cr · -64.3% YoY0.1-64.3%FY 2020FY 2021: ₹0 Cr · -40% YoY0-40%FY 2021FY 2022: ₹0 Cr · +90.7% YoY0.1+90.7%FY 2022FY 2023: ₹2 Cr · +3162.8% YoY1.9+3162.8%FY 2023FY 2024: ₹0 Cr · -96.8% YoY0.1-96.8%FY 2024FY 2025: ₹0 Cr · +343.4% YoY0.3+343.4%FY 2025FY 2026: ₹0 Cr · -47.6% YoY0.1-47.6%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year012Q1'25: ₹1 Cr1.3Q1'25Q2'25: ₹1 Cr1.4Q2'25Q3'25: ₹2 Cr1.9Q3'25Q4'25: ₹1 Cr1.1Q4'25Q1'26: ₹1 Cr · -35.9% YoY0.9-35.9%Q1'26Q2'26: ₹2 Cr · +15.2% YoY1.6+15.2%Q2'26Q3'26: ₹2 Cr · -8.2% YoY1.7-8.2%Q3'26Q4'26: ₹2 Cr · +72% YoY1.8+72%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Revenue from Operations ₹6.03 Cr ₹5.69 Cr ₹2.13 Cr ₹2.21 Cr ₹2.9 Cr ₹2.17 Cr ₹1.27 Cr ₹58 Lakh
Other Income ₹6.15 Lakh ₹11.05 Lakh ₹3.19 Lakh ₹2.36 Cr ₹86,000 ₹2 Lakh ₹0 ₹1 Lakh
Total Income ₹6.09 Cr ₹5.8 Cr ₹2.16 Cr ₹4.56 Cr ₹2.91 Cr ₹2.19 Cr ₹1.27 Cr ₹59 Lakh
Cost of Materials Consumed ₹4.89 Cr ₹4.6 Cr ₹1.3 Cr ₹1.42 Cr ₹2.39 Cr ₹1.51 Cr ₹65 Lakh ₹0
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 -₹29.1 Lakh ₹0 ₹0 ₹0
Employee Benefit Expense ₹47.24 Lakh ₹35.44 Lakh ₹36.57 Lakh ₹29.52 Lakh ₹28.51 Lakh ₹26 Lakh ₹29 Lakh ₹24 Lakh
Finance Costs ₹3 Lakh ₹3.15 Lakh ₹3.51 Lakh ₹4.51 Lakh ₹5.46 Lakh ₹7 Lakh ₹1 Lakh ₹0
Depreciation & Amortisation ₹5.8 Lakh ₹6.74 Lakh ₹6.74 Lakh ₹6.74 Lakh ₹7.31 Lakh ₹7 Lakh ₹6 Lakh ₹5 Lakh
Other Expenses ₹45.7 Lakh ₹39.88 Lakh ₹30.54 Lakh ₹28.54 Lakh ₹12.96 Lakh ₹12 Lakh ₹21 Lakh ₹14 Lakh
Total Expenses ₹5.9 Cr ₹5.45 Cr ₹2.08 Cr ₹2.11 Cr ₹2.64 Cr ₹2.03 Cr ₹1.22 Cr ₹43 Lakh
Profit Before Exceptional Items & Tax ₹18.48 Lakh ₹34.77 Lakh ₹8.87 Lakh ₹2.45 Cr ₹26.95 Lakh ₹16 Lakh ₹5 Lakh ₹16 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹18.48 Lakh ₹34.77 Lakh ₹8.87 Lakh ₹2.45 Cr ₹26.95 Lakh ₹16 Lakh ₹5 Lakh ₹16 Lakh
Total Tax Expense ₹4.51 Lakh ₹8.12 Lakh ₹2.86 Lakh ₹58.8 Lakh ₹21.23 Lakh ₹13 Lakh ₹0 ₹2 Lakh
Net Profit ₹13.97 Lakh ₹26.65 Lakh ₹6.01 Lakh ₹1.87 Cr ₹5.72 Lakh ₹3 Lakh ₹5 Lakh ₹14 Lakh
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹13.97 Lakh ₹26.65 Lakh ₹6.01 Lakh ₹1.87 Cr ₹5.72 Lakh ₹3 Lakh ₹5 Lakh ₹14 Lakh
EBITDA (computed) ₹27.28 Lakh ₹44.66 Lakh ₹19.12 Lakh ₹2.57 Cr ₹39.72 Lakh ₹30 Lakh ₹12 Lakh ₹21 Lakh
Basic EPS ₹0.31 ₹0.59 ₹0.13 ₹4.13 ₹0.13 ₹0.07 ₹0.12 ₹0.31
Diluted EPS ₹0.31 ₹0.59 ₹0.13 ₹4.13 ₹0.13 ₹0.07 ₹0.12 ₹0.31
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022 FY 2021 FY 2020 FY 2019
Total Assets ₹4.06 Cr ₹3.9 Cr ₹3.64 Cr ₹4.14 Cr ₹1.94 Cr ₹198,692 Cr ₹179,799 Cr ₹1.44 Cr
Non-current Assets ₹51.97 Lakh ₹56.96 Lakh ₹63.15 Lakh ₹69.89 Lakh ₹89.89 Lakh ₹103,683 Cr ₹95,736 Cr ₹1.03 Cr
Current Assets ₹3.54 Cr ₹3.33 Cr ₹3.01 Cr ₹3.44 Cr ₹1.04 Cr ₹95,009 Cr ₹84,064 Cr ₹41.61 Lakh
Property, Plant & Equipment ₹48.34 Lakh ₹54.14 Lakh ₹60.33 Lakh ₹67.07 Lakh ₹85.6 Lakh ₹92,916 Cr ₹71,506 Cr ₹70.49 Lakh
Inventories ₹9.02 Lakh ₹23,000 ₹14.73 Lakh ₹12.99 Lakh ₹37.91 Lakh ₹8,948.68 Cr ₹8,318.31 Cr ₹15,000
Trade Receivables ₹56.73 Lakh ₹28.1 Lakh ₹21.42 Lakh ₹21.74 Lakh ₹37.97 Lakh ₹51,026 Cr ₹48,134 Cr ₹18.95 Lakh
Cash & Equivalents ₹39.97 Lakh ₹50.24 Lakh ₹34.2 Lakh ₹14.58 Lakh ₹19.6 Lakh ₹31,208 Cr ₹22,376 Cr ₹17.05 Lakh
Equity (Net Worth) ₹3.45 Cr ₹3.31 Cr ₹3.05 Cr ₹2.99 Cr ₹1.12 Cr ₹106,155 Cr ₹123,996 Cr ₹1.19 Cr
Equity Share Capital ₹4.52 Cr ₹4.52 Cr ₹4.52 Cr ₹4.52 Cr ₹4.52 Cr ₹451,850 Cr ₹451,850 Cr ₹4.52 Cr
Borrowings (Non-current) ₹39.26 Lakh ₹39.26 Lakh ₹39.27 Lakh ₹37.28 Lakh ₹47.85 Lakh ₹65,252 Cr ₹32,566 Cr ₹2.33 Lakh
Borrowings (Current) ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Debt (computed) ₹39.26 Lakh ₹39.26 Lakh ₹39.27 Lakh ₹37.28 Lakh ₹47.85 Lakh ₹65,252 Cr ₹32,566 Cr ₹2.33 Lakh
Current Liabilities ₹15.83 Lakh ₹12.79 Lakh ₹12.04 Lakh ₹68.47 Lakh ₹12.2 Lakh ₹10,949 Cr ₹6,900 Cr ₹4.58 Lakh
Total Liabilities ₹60.74 Lakh ₹58.9 Lakh ₹59.56 Lakh ₹1.15 Cr ₹82.13 Lakh ₹92,537 Cr ₹55,803 Cr ₹25.48 Lakh
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow -₹13.26 Lakh ₹26.1 Lakh ₹9.31 Lakh -₹2.67 Lakh ₹10.7 Lakh
Investing Cash Flow ₹5.99 Lakh -₹6.91 Lakh ₹11.82 Lakh ₹12.74 Lakh ₹54,000
Financing Cash Flow -₹2.99 Lakh -₹3.16 Lakh -₹1.51 Lakh -₹15.08 Lakh -₹22.85 Lakh
Capital Expenditure ₹0 ₹0 ₹0 ₹0 ₹0
Free Cash Flow (computed) -₹13.26 Lakh ₹26.1 Lakh ₹9.31 Lakh -₹2.67 Lakh ₹10.7 Lakh
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash -₹10.26 Lakh ₹16.03 Lakh ₹19.62 Lakh -₹5.01 Lakh -₹11.61 Lakh
The cash-flow statement became part of the exchange results-filing format in FY2022 - earlier years were not filed and are hidden.
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25
Revenue from Operations ₹1.81 Cr ₹1.71 Cr ₹1.65 Cr ₹85.89 Lakh ₹1.05 Cr ₹1.86 Cr ₹1.43 Cr ₹1.34 Cr
Other Income ₹6.06 Lakh ₹0 ₹9,000 ₹0 ₹10.81 Lakh ₹0 ₹0 ₹24,000
Total Income ₹1.87 Cr ₹1.71 Cr ₹1.65 Cr ₹85.89 Lakh ₹1.16 Cr ₹1.86 Cr ₹1.43 Cr ₹1.34 Cr
Cost of Materials Consumed ₹1.45 Cr ₹1.39 Cr ₹1.39 Cr ₹65.62 Lakh ₹76.69 Lakh ₹1.56 Cr ₹1.2 Cr ₹1.1 Cr
Purchases of Stock-in-Trade ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Changes in Inventories ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 -₹3.8 Lakh ₹0
Employee Benefit Expense ₹13.01 Lakh ₹11.72 Lakh ₹11.76 Lakh ₹10.78 Lakh ₹7.74 Lakh ₹9.42 Lakh ₹8.95 Lakh ₹9.33 Lakh
Finance Costs ₹2.97 Lakh ₹0 ₹0 ₹1,000 ₹2.97 Lakh ₹0 ₹0 ₹18,000
Depreciation & Amortisation ₹85,000 ₹1.65 Lakh ₹1.65 Lakh ₹1.65 Lakh ₹2.25 Lakh ₹1.5 Lakh ₹1.5 Lakh ₹1.5 Lakh
Other Expenses ₹7.37 Lakh ₹10.57 Lakh ₹13.07 Lakh ₹14.68 Lakh ₹8.6 Lakh ₹8.84 Lakh ₹8.12 Lakh ₹14.32 Lakh
Total Expenses ₹1.69 Cr ₹1.63 Cr ₹1.65 Cr ₹92.74 Lakh ₹98.25 Lakh ₹1.76 Cr ₹1.35 Cr ₹1.36 Cr
Profit Before Exceptional Items & Tax ₹17.86 Lakh ₹8.07 Lakh -₹60,000 -₹6.85 Lakh ₹17.84 Lakh ₹10.03 Lakh ₹8.13 Lakh -₹1.23 Lakh
Exceptional Items ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹17.86 Lakh ₹8.07 Lakh -₹60,000 -₹6.85 Lakh ₹17.84 Lakh ₹10.03 Lakh ₹8.13 Lakh -₹1.23 Lakh
Total Tax Expense ₹4.51 Lakh ₹0 ₹0 ₹0 ₹6.63 Lakh ₹1 Lakh ₹50,000 ₹0
Net Profit ₹13.35 Lakh ₹8.07 Lakh -₹60,000 -₹6.85 Lakh ₹11.21 Lakh ₹9.03 Lakh ₹7.63 Lakh -₹1.23 Lakh
Other Comprehensive Income ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Total Comprehensive Income ₹13.35 Lakh ₹8.07 Lakh -₹60,000 -₹6.85 Lakh ₹11.21 Lakh ₹9.03 Lakh ₹7.63 Lakh -₹1.23 Lakh
EBITDA (computed) ₹21.68 Lakh ₹9.72 Lakh ₹1.05 Lakh -₹5.19 Lakh ₹23.06 Lakh ₹11.53 Lakh ₹9.63 Lakh ₹45,000
Basic EPS ₹0.30 ₹0.18 ₹-0.01 ₹-0.15 ₹0.25 ₹0.20 ₹0.17 ₹-0.03
Diluted EPS ₹0.30 ₹0.18 ₹-0.01 ₹-0.15 ₹0.25 ₹0.20 ₹0.17 ₹-0.03
Latest 8 quarters shown.
Segment · FY 2021 (annual) Revenue Result (PBIT) Assets Liabilities
LPG ₹2.17 Cr ₹3 Lakh - -
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Shareholding Pattern of Gagan Gases Limited.

As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 38.76%, domestic institutional investors hold 0.01%, retail and other public shareholders hold 61.23% of Gagan Gases Limited.. The company had 8,765 shareholders on record.

Promoters: 38.76%DII (Domestic Institutional): 0.01%Retail & Others: 61.23%
Mar 2026
QUARTER
38.76% Promoters
0.01% DII (Domestic Institutional)
61.23% Retail & Others
Promoter holding - history
Now 38.76% · Mar 2026High 39.01% · Sep 2025Low 36.04% · Jun 2023
35%36.5%38%39.5%41%Jun 2023Dec 2023Jun 2024Dec 2024Jun 2025Dec 2025Jun 2023: 36.04%Sep 2023: 36.54%Dec 2023: 36.72%Mar 2024: 36.93%Jun 2024: 37.78%Sep 2024: 38.43%Dec 2024: 38.59%Mar 2025: 38.77%Jun 2025: 38.88%Sep 2025: 39.01%Dec 2025: 39.01%Mar 2026: 38.76%39.01%36.04%38.76%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Promoters38.76%39.01%39.01%38.88%38.77%38.59%
Public61.24%60.99%60.99%61.12%61.23%61.41%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024
Promoters38.76%38.77%36.93%
Public61.24%61.23%63.07%
Promoter change (YoY, %pts)-0.01+1.84-

Charges & Borrowings of Gagan Gases Limited.

Open charges
₹0
Satisfied charges
₹1.48 Cr
Breakdown by lending institutions
Dena Bank₹1.48 Cr
Latest charge details
DateLenderAmountStatus
15 May 2000 Dena Bank ₹25 Lakh Satisfied
18 Oct 1999 Dena Bank ₹50 Lakh Satisfied
06 Mar 1999 Dena Bank ₹40 Lakh Satisfied
31 Mar 1998 Dena Bank ₹33.29 Lakh Satisfied

Total charge records: 4 View all charges

Employees and EPFO Compliance at Gagan Gases Limited.

Gagan Gases Limited. has a workforce of 7 employees as of Mar 28, 2024.

Employee count
7
Active EPFO establishments
1
Employee growth
16.67%
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GST Compliance of Gagan Gases Limited.

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Credit Ratings, Litigation & Regulatory Alerts for Gagan Gases Limited.

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MSME Payment Delays by Gagan Gases Limited.

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Subsidiaries & Group Companies of Gagan Gases Limited.

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MCA Filings & Documents of Gagan Gases Limited.

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Recent Activity on Gagan Gases Limited.

Activity
27 Sep 2025
Gagan Gases Limited. last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Activity
31 Mar 2025
Gagan Gases Limited. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Directors
17 Oct 2022
Usha Shrivastava was appointed as a Director on 17 Oct 2022 & has been associated with this company since 3 years 9 months.
Directors
25 Dec 2019
Dinesh Kumar Randhar was appointed as a Director on 25 Dec 2019 & has been associated with this company since 6 years 7 months.
Directors
26 Sep 2018
Balwinder Singh Rana was appointed as a Cfo on 26 Sep 2018 & has been associated with this company since 7 years 9 months.
Directors
18 Jan 2018
Balwinder Singh Rana was appointed as a Whole-time director on 18 Jan 2018 & has been associated with this company since 8 years 6 months.

Recent News on Gagan Gases Limited.

Three entities settle disclosure lapse cases with Sebi
17 Apr 2018 · The New Indian Express

Frequently Asked Questions about Gagan Gases Limited.

Gagan Gases Limited. is an active public limited company in the chemicals and materials sector based in Indore, Madhya Pradesh, India. It was incorporated on 06 March 1986 (40+ years old) and is registered under CIN L24111MP1986PLC004228. Listed on BSE: 524624. The company has 7 employees.

Gagan Gases Limited. reported revenue of ₹6.03 Cr for FY 2026 (up 6% YoY) based on standalone BSE filings.

The current directors of Gagan Gases Limited. are:

The primary industry of Gagan Gases Limited. is chemicals and materials. The company specifically operates in industrial and specialty gases. The company is currently active in this sector.

Yes. Gagan Gases Limited. is listed on BSE with code 524624.

Gagan Gases Limited. can be reached at the registered office: 40 Scheme No 78 Part 2 Vijaynagar, Indore, Madhya Pradesh, India – 452010, or through the website gagangases.com.

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