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.
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Registered Address40 Scheme No 78 Part 2 Vijaynagar, Indore, Madhya Pradesh, India – 452010
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IndustryChemicals and Materials, Industrial & Specialty Gases
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
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 |
Business activity turnover details for Gagan Gases Limited.
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
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.
| 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 |
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Gagan Maheshwary
Also directs:
Gagan Investment Private Limited
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Managing Director | 22 Aug 2016 | 9 Years 11 Months | Current |
|
Kul Rattan Maheshwary
Also directs:
Gagan Investment Private Limited
|
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.
| 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 |
| 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 |
| Segment · FY 2021 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| LPG | ₹2.17 Cr | ₹3 Lakh | - | - |
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.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 38.76% | 39.01% | 39.01% | 38.88% | 38.77% | 38.59% |
| Public | 61.24% | 60.99% | 60.99% | 61.12% | 61.23% | 61.41% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 38.76% | 38.77% | 36.93% |
| Public | 61.24% | 61.23% | 63.07% |
| Promoter change (YoY, %pts) | -0.01 | +1.84 | - |
Charges & Borrowings of Gagan Gases Limited.
| Date | Lender | Amount | Status |
|---|---|---|---|
| 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 and EPFO history for Gagan Gases Limited.
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
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GST Compliance of Gagan Gases Limited.
GST registrations and filing compliance for Gagan Gases Limited.
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Credit Ratings, Litigation & Regulatory Alerts for Gagan Gases Limited.
Credit ratings, litigation, and regulatory alerts for Gagan Gases Limited.
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MSME Payment Delays by Gagan Gases Limited.
MSME payment history for Gagan Gases Limited.
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Subsidiaries & Group Companies of Gagan Gases Limited.
Corporate group structure for Gagan Gases Limited.
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MCA Filings & Documents of Gagan Gases Limited.
MCA filings and documents for Gagan Gases Limited.
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Recent Activity on Gagan Gases Limited.
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:
- Balwinder Singh Rana - Whole-Time Director
- Usha Shrivastava - Director
- Gagan Maheshwary - Managing Director
- Kul Rattan Maheshwary - Director
- Dinesh Kumar Randhar - Director
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.