
About Gujarat Energy Limited
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Gujarat Energy Limited is a public limited state government company based in Gandhinagar, Gujarat, India, a subsidiary of Gujarat State Petronet Limited. It operates in the oil and gas distribution and transmission segment of the energy and power sector. It was incorporated on 21 February 2012 and has been in existence for over 14 years.
Gujarat Energy is part of the BSE 500 index.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L40200GJ2012SGC069118. Its GSTIN is 24AAECG8093Q1ZW (Gujarat). The company holds 10 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 539336 and NSE: GUJENERGY.
The company has an authorised share capital of ₹1,757.1 Cr and a paid-up capital of ₹187.65 Cr. It was formerly known as Gspc Distribution Networks Limited. It is led by directors including Avantikasing Aulakh (Managing Director) and Balwant Singh.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Gujarat Energy Bhavan, Behind Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382010.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹23,614 Cr, a growth of 43.2% compared to the previous year. For the same year it recorded a net profit of ₹2,121.78 Cr (net margin 9%) and EBITDA of ₹2,902.21 Cr (EBITDA margin 12.3%). The net worth stands at ₹18,439 Cr (down 21.7% YoY). Total assets are valued at ₹22,314 Cr (down 18.9% YoY).
The company has about 910 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Gujarat Gas. As per MCA filings, the company has satisfied charges of ₹5,566.81 Cr on record. Court records list 412 cases involving the company, including 297 filed by the company and 115 filed against it; 42 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gujaratgas.com.
Company details
Name history
Gujarat Energy has undergone 2 name changes throughout its history. The company was previously known as Gspc Distribution Networks Limited, and Gujarat Energy Limited. The current legal name is Gujarat Energy Limited.
| Company Name | Status |
|---|---|
| Gujarat Energy Limited | Current |
| Gspc Distribution Networks Limited | Previous |
CIN history
Gujarat Energy has one previous CIN (Corporate Identification Number): U40200GJ2012SGC069118. The current CIN is L40200GJ2012SGC069118, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40200GJ2012SGC069118 | Current |
| U40200GJ2012SGC069118 | Previous |
Recognitions & Rankings of Gujarat Energy
Contact details
Gujarat Energy Limited's registered office is in Gandhinagar, Gujarat. Its website is gujaratgas.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGujarat Energy Bhavan, Behind Udyog Bhavan Sector – 11, Gandhinagar, Gujarat, India – 382010
- IndustryEnergy and Power, Oil & Gas Distribution & Transmission
To see the full contact details of Gujarat Energy Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Gujarat Energy operates one associated brand: Gujarat Gas. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Natural gas is distributed throughout Gujarat by Gujarat Gas. | gujaratgas.com |
Business activity
The main business activity of Gujarat Energy is electricity, gas, steam and air condition supply. In detail, this covers manufacture of gas, distribution of gaseous fuels.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D2 | Manufacture of gas, distribution of gaseous fuels |
To see the full business activity and turnover split of Gujarat Energy Limited, buy the company report.
Financials of Gujarat Energy Limited
FY 2025-26 filings availableGujarat Energy Limited reported revenue of ₹23,614 Cr (up 43.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue 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 | 23,614 | 16,487 | 15,690 | 16,759 | 16,456 | 9,866 | 10,300 |
| Revenue growth | +43.2% | +5.1% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| EBITDA | 2,902 | 1,899 | 1,901 | 2,418 | 2,089 | 2,102 | 1,647 |
| EBITDA margin | +12.3% | +11.5% | +12.1% | +14.4% | +12.7% | +21.3% | +16.0% |
| Profit before tax | 2,441 | 1,549 | 1,537 | 2,028 | 1,715 | 1,698 | 1,208 |
| Net profit | 2,122 | 1,155 | 1,104 | 1,531 | 1,297 | 1,273 | 1,200 |
| Net profit margin | +9.0% | +7.0% | +7.0% | +9.1% | +7.9% | +12.9% | +11.7% |
| EPS (₹) | 21.55 | 16.68 | 16.61 | 22.20 | 18.70 | 18.45 | 17.41 |
| Balance sheet | |||||||
| Total assets | 22,314 | 27,504 | 7,998 | 7,306 | 6,381 | 5,575 | 5,482 |
| Net worth | 18,439 | 23,563 | 7,722 | 7,028 | 5,630 | 4,478 | 3,317 |
| Total debt | 3,243 | 3,151 | 150 | 152 | 629 | 983 | 2,055 |
| Cash & bank | 1,314 | 3,003 | 926 | 681 | 21.32 | 321 | 694 |
| Net working capital | 4,904 | 4,645 | (554) | (796) | (1,008) | (831) | (203) |
| Cash flow | |||||||
| Cash from operations | 2,721 | 3,370 | 1,634 | 2,375 | 1,662 | 1,659 | 1,420 |
| Cash from investing | (2,138) | (3,840) | (879) | (1,039) | (1,294) | (614) | (466) |
| Cash from financing | (417) | (892) | (514) | (678) | (628) | (1,318) | (502) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,621 | 9,545 | 5,792 | 3,658 | 5,974 | 5,851 | 4,102 | 4,153 |
| Revenue growth (YoY) | +61.1% | +63.1% | +41.2% | -11.9% | +58.0% | +31.5% | - | - |
| Other income | 140 | 220 | 180 | 55.86 | 167 | 170 | 75.05 | 57.89 |
| EBITDA | 840 | 1,381 | 462 | 447 | 672 | 837 | 450 | 380 |
| EBITDA margin | +8.7% | +14.5% | +8.0% | +12.2% | +11.2% | +14.3% | +11.0% | +9.2% |
| Depreciation | 205 | 201 | 224 | 135 | 226 | 220 | 129 | 129 |
| Interest | 66.33 | 62.96 | 45.64 | 8.72 | 65.11 | 58.37 | 7.44 | 9.30 |
| Profit before tax | 708 | 1,337 | 374 | 359 | 547 | 728 | 389 | 300 |
| Tax | 218 | 330 | 222 | 92.40 | 159 | 181 | 101 | 78.62 |
| Net profit | 490 | 1,007 | 152 | 267 | 389 | 547 | 288 | 221 |
| EPS (₹) | 5.32 | 10.67 | 3.75 | 3.88 | 4.52 | 6.28 | 4.18 | 3.21 |
| 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 | 23,388 | 27,020 | 15,690 | 16,759 | 16,456 | 9,866 | 10,300 |
| Revenue growth | -13.4% | +72.2% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| EBITDA | 3,108 | 2,203 | 1,901 | 2,418 | 2,089 | 2,102 | 1,647 |
| EBITDA margin | +13.3% | +8.2% | +12.1% | +14.4% | +12.7% | +21.3% | +16.0% |
| Profit before tax | 3,089 | 2,954 | 1,536 | 2,025 | 1,713 | 1,695 | 1,208 |
| Net profit | 2,335 | 5,071 | 1,103 | 1,528 | 1,296 | 1,271 | 1,195 |
| Net profit margin | +10.0% | +18.8% | +7.0% | +9.1% | +7.9% | +12.9% | +11.6% |
| EPS (₹) | 24.50 | 44.81 | 16.60 | 22.16 | 18.68 | 18.42 | 17.33 |
| Balance sheet | |||||||
| Total assets | 18,891 | 23,669 | 7,965 | 7,274 | 6,351 | 5,546 | 5,455 |
| Net worth | 18,517 | 23,240 | 7,689 | 6,996 | 5,599 | 4,449 | 3,291 |
| Total debt | 170 | 141 | 150 | 152 | 629 | 983 | 2,055 |
| Cash & bank | 1,070 | 2,806 | 926 | 681 | 21.13 | 319 | 692 |
| Net working capital | 5,061 | 4,852 | (554) | (796) | (1,009) | (832) | (204) |
| Cash flow | |||||||
| Cash from operations | 2,407 | 2,811 | 1,634 | 2,378 | 1,662 | 1,659 | 1,422 |
| Cash from investing | (1,995) | (3,779) | (879) | (1,041) | (1,294) | (612) | (467) |
| Cash from financing | (268) | (454) | (514) | (678) | (628) | (1,318) | (502) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,590 | 9,444 | 5,765 | 3,658 | 5,966 | 5,730 | 4,102 | 4,153 |
| Revenue growth (YoY) | +60.7% | +64.8% | +40.5% | -11.9% | +57.8% | +28.8% | - | - |
| Other income | 222 | 187 | 160 | 54.60 | 210 | 125 | 74.35 | 58.52 |
| Total expenses | 8,793 | 8,148 | 5,046 | 3,211 | 5,324 | 4,959 | 3,652 | 3,772 |
| EBITDA | 797 | 1,295 | 719 | 447 | 643 | 770 | 450 | 380 |
| EBITDA margin | +8.3% | +13.7% | +12.5% | +12.2% | +10.8% | +13.4% | +11.0% | +9.2% |
| Depreciation | 146 | 142 | 144 | 135 | 146 | 141 | 129 | 129 |
| Interest | 10.02 | 9.02 | 9.53 | 8.72 | 9.98 | 8.84 | 7.44 | 9.30 |
| Profit before tax | 863 | 1,331 | 726 | 358 | 697 | 746 | 388 | 300 |
| Tax | 224 | 333 | 205 | 92.40 | 173 | 184 | 101 | 78.62 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,621 | 9,545 | 5,792 | 3,658 | 5,974 | 5,851 | 4,102 | 4,153 |
| Revenue growth (YoY) | +61.1% | +63.1% | +41.2% | -11.9% | +58.0% | +31.5% | - | - |
| Other income | 140 | 220 | 180 | 55.86 | 167 | 170 | 75.05 | 57.89 |
| EBITDA | 840 | 1,381 | 462 | 447 | 672 | 837 | 450 | 380 |
| EBITDA margin | +8.7% | +14.5% | +8.0% | +12.2% | +11.2% | +14.3% | +11.0% | +9.2% |
| Depreciation | 205 | 201 | 224 | 135 | 226 | 220 | 129 | 129 |
| Interest | 66.33 | 62.96 | 45.64 | 8.72 | 65.11 | 58.37 | 7.44 | 9.30 |
| Profit before tax | 708 | 1,337 | 374 | 359 | 547 | 728 | 389 | 300 |
| Tax | 218 | 330 | 222 | 92.40 | 159 | 181 | 101 | 78.62 |
| Net profit | 490 | 1,007 | 152 | 267 | 389 | 547 | 288 | 221 |
| EPS (₹) | 5.32 | 10.67 | 3.75 | 3.88 | 4.52 | 6.28 | 4.18 | 3.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 23,614 | 16,487 | 15,690 | 16,759 | 16,456 | 9,866 | 10,300 |
| Revenue growth | +43.2% | +5.1% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| Other income | 689 | 213 | 164 | 104 | 92.49 | 73.69 | 83.89 |
| Total expenses | 20,712 | 14,588 | 13,790 | 14,341 | 14,367 | 7,765 | 8,653 |
| Employee cost | 0.00 | 189 | 199 | 201 | 197 | 183 | 182 |
| EBITDA | 2,902 | 1,899 | 1,901 | 2,418 | 2,089 | 2,102 | 1,647 |
| EBITDA margin | +12.3% | +11.5% | +12.1% | +14.4% | +12.7% | +21.3% | +16.0% |
| Depreciation | 899 | 511 | 474 | 428 | 385 | 344 | 318 |
| Interest | 251 | 51.80 | 53.52 | 66.76 | 81.68 | 134 | 205 |
| Profit before tax | 2,441 | 1,549 | 1,537 | 2,028 | 1,715 | 1,698 | 1,208 |
| Tax | 763 | 401 | 393 | 499 | 428 | 427 | 9.16 |
| Net profit | 2,122 | 1,155 | 1,104 | 1,531 | 1,297 | 1,273 | 1,200 |
| Net profit margin | +9.0% | +7.0% | +7.0% | +9.1% | +7.9% | +12.9% | +11.7% |
| EPS (₹) | 21.55 | 16.68 | 16.61 | 22.20 | 18.70 | 18.45 | 17.41 |
| 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 | 187 | 187 | 138 | 138 | 138 | 138 | 138 |
| Reserves & surplus | 18,251 | 23,375 | 7,585 | 6,890 | 5,492 | 4,340 | 3,180 |
| Shareholders' funds (net worth) | 18,439 | 23,563 | 7,722 | 7,028 | 5,630 | 4,478 | 3,317 |
| Minority interest | 420 | 494 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 3,060 | 2,946 | 0.00 | 0.00 | 478 | 897 | 1,998 |
| Unsecured loans | 183 | 206 | 150 | 152 | 151 | 85.32 | 57.02 |
| Total debt | 3,243 | 3,151 | 150 | 152 | 629 | 983 | 2,055 |
| Total liabilities | 22,314 | 27,504 | 7,998 | 7,306 | 6,381 | 5,575 | 5,482 |
| Assets | |||||||
| Gross block | 22,119 | 26,808 | 11,194 | 10,306 | 9,180 | 8,221 | 7,441 |
| Net block | 13,396 | 17,016 | 7,763 | 7,338 | 6,631 | 6,040 | 5,585 |
| Capital work in progress | 850 | 1,211 | 918 | 983 | 992 | 731 | 569 |
| Investments | 1,010 | 2,317 | 168 | 62.75 | 52.03 | 47.80 | 43.21 |
| Inventories | 1,122 | 865 | 58.67 | 61.18 | 53.39 | 52.48 | 46.26 |
| Sundry debtors | 1,752 | 2,146 | 1,030 | 1,021 | 930 | 775 | 510 |
| Cash & bank balances | 1,314 | 3,003 | 926 | 681 | 21.32 | 321 | 694 |
| Loans & advances | 5,944 | 4,101 | 214 | 216 | 385 | 192 | 190 |
| Total current assets | 10,132 | 10,115 | 2,229 | 1,979 | 1,390 | 1,341 | 1,440 |
| Total current liabilities | 5,228 | 5,470 | 2,782 | 2,775 | 2,398 | 2,172 | 1,643 |
| Net working capital | 4,904 | 4,645 | (554) | (796) | (1,008) | (831) | (203) |
| Total assets | 22,314 | 27,504 | 7,998 | 7,306 | 6,381 | 5,575 | 5,482 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 813 | 2,175 | 675 | 16.63 | 277 | 550 | 98.39 |
| Net cash from operating activities | 2,721 | 3,370 | 1,634 | 2,375 | 1,662 | 1,659 | 1,420 |
| Net cash from investing activities | (2,138) | (3,840) | (879) | (1,039) | (1,294) | (614) | (466) |
| Net cash from financing activities | (417) | (892) | (514) | (678) | (628) | (1,318) | (502) |
| Net change in cash | 166 | (1,362) | 241 | 658 | (260) | (273) | 451 |
| Closing cash | 1,314 | 3,003 | 926 | 681 | 21.32 | 321 | 694 |
| 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 | +43.2% | +5.1% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| EBITDA growth | +52.8% | -0.1% | -21.4% | +15.8% | -0.6% | +27.6% | - |
| PBT growth | -10.7% | +77.9% | -24.2% | +18.2% | +1.0% | +40.5% | +102.8% |
| Net income growth | +83.7% | +4.6% | -27.9% | +18.0% | +1.9% | +6.1% | - |
| Revenue CAGR (3Y) | +12.1% | +18.8% | +16.7% | +17.6% | +28.5% | +16.9% | +26.5% |
| EBITDA CAGR (3Y) | +6.6% | +8.2% | -3.3% | +13.7% | +28.8% | +32.4% | +29.9% |
| Profitability & leverage | |||||||
| Net income margin | +7.1% | +14.4% | +7.3% | +9.1% | +7.8% | +12.9% | +11.6% |
| Return on capital employed | +11.1% | +17.5% | +20.8% | +30.6% | +30.1% | +33.1% | +28.3% |
| Return on net worth | +8.0% | +25.5% | +15.5% | +24.2% | +25.5% | +32.6% | +43.4% |
| Debt / equity | 0.15 | 0.11 | 0.02 | 0.06 | 0.16 | 0.39 | 0.77 |
| Long-term debt / equity | 0.14 | 0.10 | 0.02 | 0.05 | 0.13 | 0.35 | 0.72 |
| Interest cover | 13.70 | 18.15 | 3.75 | 3.35 | 4.79 | 7.64 | 15.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.99 | 1.48 | 1.52 | 1.78 | 1.93 | 1.28 | 1.47 |
| Inventory turnover | 24.59 | 61.30 | 271.89 | 302.11 | 317.13 | 203.71 | 182.01 |
| Debtors turnover | 12.53 | 17.83 | 15.89 | 17.74 | 19.69 | 15.65 | 20.63 |
| EPS (₹) | 64.27 | 130.98 | 16.61 | 22.20 | 18.70 | 18.45 | 17.41 |
| Dividend per share (₹) | 8.90 | 5.82 | 5.66 | 6.65 | 2.00 | 2.00 | 1.25 |
| Book value per share (₹) | 582.97 | 746.08 | 112.18 | 102.09 | 81.78 | 65.04 | 48.19 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,590 | 9,444 | 5,765 | 3,658 | 5,966 | 5,730 | 4,102 | 4,153 |
| Revenue growth (YoY) | +60.7% | +64.8% | +40.5% | -11.9% | +57.8% | +28.8% | - | - |
| Other income | 222 | 187 | 160 | 54.60 | 210 | 125 | 74.35 | 58.52 |
| Total expenses | 8,793 | 8,148 | 5,046 | 3,211 | 5,324 | 4,959 | 3,652 | 3,772 |
| EBITDA | 797 | 1,295 | 719 | 447 | 643 | 770 | 450 | 380 |
| EBITDA margin | +8.3% | +13.7% | +12.5% | +12.2% | +10.8% | +13.4% | +11.0% | +9.2% |
| Depreciation | 146 | 142 | 144 | 135 | 146 | 141 | 129 | 129 |
| Interest | 10.02 | 9.02 | 9.53 | 8.72 | 9.98 | 8.84 | 7.44 | 9.30 |
| Profit before tax | 863 | 1,331 | 726 | 358 | 697 | 746 | 388 | 300 |
| Tax | 224 | 333 | 205 | 92.40 | 173 | 184 | 101 | 78.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 23,388 | 27,020 | 15,690 | 16,759 | 16,456 | 9,866 | 10,300 |
| Revenue growth | -13.4% | +72.2% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| Other income | 625 | 1,366 | 163 | 101 | 90.74 | 71.44 | 83.66 |
| Total expenses | 20,280 | 24,817 | 13,790 | 14,341 | 14,367 | 7,765 | 8,653 |
| Employee cost | 245 | 210 | 199 | 201 | 197 | 183 | 182 |
| EBITDA | 3,108 | 2,203 | 1,901 | 2,418 | 2,089 | 2,102 | 1,647 |
| EBITDA margin | +13.3% | +8.2% | +12.1% | +14.4% | +12.7% | +21.3% | +16.0% |
| Depreciation | 579 | 544 | 474 | 428 | 385 | 344 | 318 |
| Interest | 64.90 | 69.92 | 53.52 | 66.76 | 81.68 | 134 | 205 |
| Profit before tax | 3,089 | 2,954 | 1,536 | 2,025 | 1,713 | 1,695 | 1,208 |
| Tax | 790 | (1,250) | 393 | 499 | 428 | 427 | 14.46 |
| Net profit | 2,335 | 5,071 | 1,103 | 1,528 | 1,296 | 1,271 | 1,195 |
| Net profit margin | +10.0% | +18.8% | +7.0% | +9.1% | +7.9% | +12.9% | +11.6% |
| EPS (₹) | 24.50 | 44.81 | 16.60 | 22.16 | 18.68 | 18.42 | 17.33 |
| 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 | 188 | 188 | 138 | 138 | 138 | 138 | 138 |
| Reserves & surplus | 18,329 | 23,052 | 7,552 | 6,858 | 5,462 | 4,311 | 3,153 |
| Shareholders' funds (net worth) | 18,517 | 23,240 | 7,689 | 6,996 | 5,599 | 4,449 | 3,291 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 478 | 897 | 1,998 |
| Unsecured loans | 170 | 141 | 150 | 152 | 151 | 85.32 | 57.02 |
| Total debt | 170 | 141 | 150 | 152 | 629 | 983 | 2,055 |
| Total liabilities | 18,891 | 23,669 | 7,965 | 7,274 | 6,351 | 5,546 | 5,455 |
| Assets | |||||||
| Gross block | 14,142 | 18,956 | 11,194 | 10,306 | 9,180 | 8,221 | 7,441 |
| Net block | 8,563 | 11,972 | 7,763 | 7,338 | 6,631 | 6,040 | 5,585 |
| Capital work in progress | 843 | 1,201 | 918 | 983 | 992 | 731 | 569 |
| Investments | 2,275 | 3,249 | 135 | 30.41 | 22.39 | 19.77 | 17.25 |
| Inventories | 990 | 707 | 58.67 | 61.18 | 53.39 | 52.48 | 46.26 |
| Sundry debtors | 1,686 | 2,234 | 1,030 | 1,021 | 930 | 775 | 510 |
| Cash & bank balances | 1,070 | 2,806 | 926 | 681 | 21.13 | 319 | 692 |
| Loans & advances | 5,821 | 3,897 | 214 | 216 | 383 | 192 | 190 |
| Total current assets | 9,567 | 9,644 | 2,229 | 1,979 | 1,388 | 1,338 | 1,438 |
| Total current liabilities | 4,505 | 4,792 | 2,782 | 2,775 | 2,397 | 2,170 | 1,642 |
| Net working capital | 5,061 | 4,852 | (554) | (796) | (1,009) | (832) | (204) |
| Total assets | 18,891 | 23,669 | 7,965 | 7,274 | 6,351 | 5,546 | 5,455 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 712 | 2,134 | 675 | 16.44 | 277 | 548 | 94.36 |
| Net cash from operating activities | 2,407 | 2,811 | 1,634 | 2,378 | 1,662 | 1,659 | 1,422 |
| Net cash from investing activities | (1,995) | (3,779) | (879) | (1,041) | (1,294) | (612) | (467) |
| Net cash from financing activities | (268) | (454) | (514) | (678) | (628) | (1,318) | (502) |
| Net change in cash | 144 | (1,421) | 241 | 658 | (260) | (272) | 453 |
| Closing cash | 1,070 | 2,806 | 926 | 681 | 21.13 | 319 | 692 |
| 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 | -13.4% | +72.2% | -6.4% | +1.8% | +66.8% | -4.2% | - |
| EBITDA growth | +41.1% | +15.9% | -21.4% | +15.8% | -0.6% | +27.6% | - |
| PBT growth | +4.6% | +92.3% | -24.1% | +18.2% | +1.1% | +40.4% | +103.4% |
| Net income growth | -54.0% | +359.6% | -27.8% | +17.9% | +2.0% | +6.4% | - |
| Revenue CAGR (3Y) | +11.8% | +18.0% | +16.7% | +17.6% | +28.5% | +16.9% | +26.5% |
| EBITDA CAGR (3Y) | +8.7% | +1.8% | -3.3% | +13.7% | +28.8% | +32.4% | +29.9% |
| Profitability & leverage | |||||||
| Net income margin | +9.8% | +15.6% | +7.3% | +9.1% | +7.8% | +12.9% | +11.6% |
| Return on capital employed | +14.8% | +19.1% | +20.9% | +30.7% | +30.2% | +33.3% | +28.4% |
| Return on net worth | +11.1% | +27.3% | +15.6% | +24.2% | +25.6% | +32.8% | +43.6% |
| Debt / equity | 0.01 | 0.01 | 0.02 | 0.06 | 0.16 | 0.39 | 0.78 |
| Long-term debt / equity | 0.01 | 0.01 | 0.02 | 0.05 | 0.14 | 0.35 | 0.72 |
| Interest cover | 2.57 | 4.22 | 3.75 | 3.35 | 4.79 | 7.64 | 15.42 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.44 | 1.83 | 1.52 | 1.78 | 1.93 | 1.28 | 1.47 |
| Inventory turnover | 28.51 | 72.35 | 271.89 | 302.11 | 317.13 | 203.71 | 182.01 |
| Debtors turnover | 12.35 | 16.99 | 15.89 | 17.74 | 19.69 | 15.65 | 20.63 |
| EPS (₹) | 72.85 | 133.25 | 16.60 | 22.16 | 18.68 | 18.42 | 17.33 |
| Dividend per share (₹) | 8.90 | 5.82 | 5.66 | 6.65 | 2.00 | 2.00 | 1.25 |
| Book value per share (₹) | 582.97 | 732.65 | 111.70 | 101.62 | 81.34 | 64.62 | 47.80 |
To see the full year-wise statements and ratios of Gujarat Energy Limited, buy the company report.
Board of directors of Gujarat Energy Limited
Gujarat Energy has 8 current directors and 40 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balwant Singh Also directs: Gujarat Chemical Port Limited | Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Rekha Jain Also directs: PNB Gilts Limited | Director | 20 Apr 2022 | 4 Years 6 Months | Current |
| Yogesh Singh | Director | 15 Aug 2021 | 5 Years 2 Months | Current |
| Bhadresh Vinaychandra Mehta | Director | 15 Aug 2021 | 5 Years 2 Months | Current |
| Ashwinikumar Rajendraprasad Yadav | Additional Director | 27 Jan 2026 | 0 Years 9 Months | Current |
| Avantikasing Aulakh Also directs: Gujarat Chemical Port Limited, Gujarat Alkalies and Chemicals Limited, Gujarat Metro Rail Corporation (GMRC) Limited and 5 more | Managing Director | 24 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Gujarat Energy Limited is audited by Maubhai & Shah LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Maubhai & Shah LLP | FY 2023 | 106041W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 38.90%, foreign institutional investors hold 10.80%, domestic institutional investors hold 31.50% and retail and other public shareholders hold 18.80%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 38.90% | 60.90% | 60.90% | 60.90% |
| Public | 61.10% | 39.10% | 39.10% | 39.10% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jun 2021 | 100452633 | Hdfc Bank Limited | ₹1,000 Cr | Satisfied | |
| 11 Sep 2019 | 100290540 | Sbicap Trustee Company Limited | ₹624 Cr | Satisfied | |
| 29 Nov 2017 | 100140552 | Sbicap Trustee Company Limited | ₹250 Cr | Satisfied | |
| 16 Oct 2017 | 100132405 | Sbicap Trustee Company Limited | ₹624 Cr | Satisfied | |
| 28 Feb 2017 | 100085085 | Sbicap Trustee Company Limited | ₹1,300 Cr | Satisfied |
To see the full charge records of Gujarat Energy Limited, buy the company report.
Total charge records: 22 View all charges
Legal cases
Gujarat Energy Limited has 412 court cases on record: 297 filed by Gujarat Energy, 115 filed against it. 42 cases are pending and 370 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 318 | 67 | 16 |
| High courts | 81 | 45 | 24 |
| Supreme Court | 13 | 3 | 2 |
Cases on record (5 of 412)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Arbitration matter | Filed by the company against Oswal Energies Limited (Formerly Known As Oswal Infrastructure Ltd.) and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed against the company by T and L Gases Private Limited | Pending |
| Supreme Court | Court case (1505-Appeal Against Orders Of Statutory Bodies : Matters filed against the orders of other Regulatory Authorities / Bodies) | Filed by the company against Gail (India) Limited Rep. by Its Director Gail Bhawan, 16, Bhikaji Cama Placerk Puram, New Delhi ,New Delhi , Delhi and 1 other | Pending |
| High Court, GUJARAT | Arbitration matter | Filed against the company by Orion Security Solutions Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Gaytech Engineering Private Limited | Disposed |
To see the full case history of Gujarat Energy Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Gujarat Energy Limited was last rated by Indiarating on 26 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 26 Apr 2023 |
To see the full credit ratings and regulatory alerts of Gujarat Energy Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Gujarat Energy Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Gujarat Energy has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Gujarat Energy Limited has a workforce of 910 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 910 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Gujarat Energy Limited, buy the company report.
GST
Gujarat Energy has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECG8093Q1ZW | Gujarat | Active | 01 Jul 2017 |
| 24AAECG8093Q2ZV | Gujarat | Active | 24 Mar 2025 |
| 24AAECG8093Q3ZU | Gujarat | Active | 30 Apr 2026 |
| 26AAECG8093Q1ZS | Dadra and Nagar Haveli and Daman and Diu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Gujarat Energy Limited, buy the company report.
Recent activity
Gujarat Energy Limited has 78 board changes on record since 2012: 45 appointments and 33 cessations. The latest: Ashwinikumar Rajendraprasad Yadav was appointed as Additional Director on 27 Jan 2026.
124 earlier events are in the company report.
News
Frequently asked questions
Gujarat Energy is an active public limited state government company based in Gandhinagar, Gujarat, India. The company works in oil and gas distribution and transmission, within the energy and power industry. It was incorporated on 21 February 2012 (14+ years old) and is registered under CIN L40200GJ2012SGC069118. Listed on BSE: 539336 and NSE: GUJENERGY.
Gujarat Energy reported revenue of ₹23,614 Cr for FY 2025-26 (up 43.2% YoY) based on consolidated financials.
Gujarat Energy has 8 current directors:
- Avantikasing Aulakh - Managing Director
- Balwant Singh - Director
- Rekha Jain - Director
- Yogesh Singh - Director
- Bhadresh Vinaychandra Mehta - Director
- Ashwinikumar Rajendraprasad Yadav - Additional Director
- Manoj Das - Additional Director
- Thiruvenkadam Natarajan - Director
The latest financial statements of Gujarat Energy on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Gujarat Energy is 24AAECG8093Q1ZW, registered in Gujarat. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 24AAECG8093Q2ZV (Gujarat), 24AAECG8093Q3ZU (Gujarat), 26AAECG8093Q1ZS (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Gujarat Energy is L40200GJ2012SGC069118. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Gujarat Energy is a listed company as per MCA records. Its shares are listed on both BSE (code: 539336) and NSE (symbol: GUJENERGY).
Gujarat Energy has 412 court cases on record: 297 filed by the company and 115 filed against it. 42 are pending. Most are in the district courts.
Gujarat Energy was incorporated on 21 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ashwinikumar Rajendraprasad Yadav was appointed as Additional Director on 27 Jan 2026. Avantikasing Aulakh was appointed as Managing Director on 24 Dec 2025. Manoj Das was appointed as Additional Director on 02 Nov 2025. Gujarat Energy has 78 board changes on record in total.

