Gujarat Gas - The Green Wave Upgrading The Multiple: Motilal Oswal
Gujarat Gas pumping station (Image: Company website)

Gujarat Gas - The Green Wave Upgrading The Multiple: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Gujarat Gas Ltd. has proved to be a clear outperformer since the curbing of polluting fuels at Morbi – an impetus by the government toward the adoption of greener fuel.

Since our upgrade in December 2019, the stock is up 116% - it has outperformed the Nifty by approximately 95% - despite which the stock trades at 21 times FY23E earnings per share currently.

Interestingly, we have upgraded our EPS every quarter since then (from Rs 12.3 to Rs 19.9 for FY22E) on the back of better-than-expected volume growth.

Click on the attachment to read the full report:

Motilal Oswal Gujarat Gas Company Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.