Gujarat Gas Share Price Target 2026, 2027, 2030, 2040, 2050
Gujarat Gas is part of Gujarat State Petronet Limited; it is India’s largest city gas company that supplies gas through pipelines to homes, vehicles, shops, and factories, it provides PNG gas for cooking in houses and CNG gas for vehicles as a cleaner fuel, and also supplies gas to many businesses and industries; the company works in 6 states and 1 union territory and serves over 23 lakh homes, many commercial users, and more than 4,000 industries, especially in places like Morbi.
What is Gujarat Gas Ltd NSE: GUJGASLTD?
Gujarat Gas Limited was established in 1980, is situated in Gandhinagar, India, and is mainly owned by Gujarat State Petroleum Corporation; it supplies natural gas to homes, vehicles, shops, and factories through pipelines, it provides PNG gas for cooking in houses, CNG for vehicles at fuel stations, and gas for industries to run machines, and it works in states like Gujarat, Maharashtra, and Rajasthan, making it one of the biggest gas distribution companies in India; the company has a very large pipeline network, supplies gas to many homes, and runs many CNG stations, which helps reduce pollution because gas is cleaner than other fuels.
It is one of the top natural gas companies in India and is known as the largest city gas company based on how much gas it sells. The company mainly supplies natural gas to homes, industries, and businesses like hotels and shops. It works in many districts and different states, so it plays an important role in India’s energy system. The company provides clean and safe gas through pipelines, which is better for the environment than fuels like coal, diesel, or LPG cylinders. In 2026, its share price target would be ₹667, as per stock market analysts.
According to stock market analysts, its share price would be between ₹271 to ₹667 in 2026.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 271 | 667 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 389 | 443 |
| February | 400 | 435 |
| March | 303 | 432 |
| April | 288 | 418 |
| May | 271 | 462 |
| June | 300 | 490 |
| July | 290 | 512 |
| August | 304 | 532 |
| September | 335 | 565 |
| October | 355 | 590 |
| November | 400 | 632 |
| December | 489 | 667 |
It mainly supplies two types of gas, PNG (Piped Natural Gas) and CNG (Compressed Natural Gas). PNG is used in homes for cooking and heating, and it comes directly through pipelines, so people do not need gas cylinders. CNG is used as fuel in vehicles like cars, buses, and auto-rickshaws, and it is cleaner than petrol or diesel. The company also supplies gas to factories and businesses for running machines and cooking in hotels. In 2027, its share price target would be ₹1044, as per stock market analysts.
According to stock market analysts, its share price would be between ₹630 to ₹1044 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 630 | 1044 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 630 | 721 |
| February | 640 | 745 |
| March | 655 | 776 |
| April | 674 | 800 |
| May | 690 | 832 |
| June | 710 | 865 |
| July | 725 | 890 |
| August | 742 | 932 |
| September | 768 | 954 |
| October | 790 | 989 |
| November | 825 | 1010 |
| December | 874 | 1044 |
The company has built a very large and strong pipeline network that connects gas sources to homes, industries, and businesses. This network helps supply gas continuously without any break, which is more convenient than using cylinders. The pipelines are designed with safety systems to prevent leaks and ensure a safe supply. It keeps improving and expanding its pipeline network, so more areas can get piped gas. In 2028, its share price target would be ₹1310, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1005 to ₹1310 in 2028.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 1005 | 1310 |
It works in many states of India, such as Gujarat, Maharashtra, Rajasthan, Haryana, Punjab, and Madhya Pradesh, along with the union territory of Dadra and Nagar Haveli. Because of this wide presence, the company is able to serve both city and industrial areas. It also helps bring clean energy to places where gas services were not available earlier. The company is still expanding into new cities and regions, which helps increase its reach and supports the country’s goal of using more natural gas. In 2029, its share price target would be ₹1603, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1278 to ₹1603 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 1278 | 1603 |
It operates many CNG stations in its service areas, where vehicles can fill up with gas. These stations are important because CNG is a cleaner fuel compared to petrol and diesel, which helps reduce air pollution. Many cars, buses, and commercial vehicles depend on these stations for daily fuel. The company has built hundreds of such stations and is still adding more in new areas. This helps promote cleaner transport and also supports the company’s growth. In 2030, its share price target would be ₹1986, as per stock market analysts.
According to stock market analysts, its share price would be between ₹1586 to ₹1986 in 2030.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1586 | 1986 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1586 | 1700 |
| February | 1600 | 1723 |
| March | 1614 | 1745 |
| April | 1632 | 1774 |
| May | 1654 | 1800 |
| June | 1678 | 1821 |
| July | 1700 | 1845 |
| August | 1721 | 1865 |
| September | 1745 | 1887 |
| October | 1765 | 1900 |
| November | 1790 | 1932 |
| December | 1811 | 1986 |
The company focuses a lot on customer service and makes its services easy to use. It provides online facilities where customers can check gas usage, pay bills, apply for new connections, and submit meter readings. These services save time and reduce the need to visit offices. Gujarat Gas Limited also has customer care and helpline services to solve problems quickly. The company makes sure customers have a smooth and easy experience, which helps build trust and a good reputation. In 2040, its share price target would be ₹4554, as per stock market analysts.
According to stock market analysts, its share price would be between ₹4070 to ₹4554 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 4070 | 4554 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 4070 | 4198 |
| February | 4092 | 4225 |
| March | 4110 | 4257 |
| April | 4132 | 4274 |
| May | 4152 | 4290 |
| June | 4174 | 4335 |
| July | 4190 | 4387 |
| August | 4210 | 4412 |
| September | 4232 | 4432 |
| October | 4258 | 4474 |
| November | 4274 | 4500 |
| December | 4300 | 4554 |
It also supports industrial growth, especially in places like Morbi, which is known for its ceramic and manufacturing industries. The company supplies gas to these industries to run machines and production work. Natural gas helps industries save costs and work more efficiently because it burns cleaner than other fuels. This support is very important for local industries and economic growth. In 2050, its share price target would be ₹7490, as per stock market analysts.
According to stock market analysts, its share price would be between ₹7041 to ₹7490 in 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 7041 | 7490 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 7041 | 7178 |
| February | 7065 | 7205 |
| March | 7084 | 7223 |
| April | 7100 | 7254 |
| May | 7123 | 7278 |
| June | 7154 | 7321 |
| July | 7174 | 7365 |
| August | 7211 | 7387 |
| September | 7250 | 7410 |
| October | 7274 | 7435 |
| November | 7310 | 7468 |
| December | 7335 | 7490 |
Should I buy Gujarat Gas stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 271 | 667 |
| 2027 | 630 | 1044 |
| 2028 | 1005 | 1310 |
| 2029 | 1278 | 1603 |
| 2030 | 1586 | 1986 |
| 2040 | 4070 | 4554 |
| 2050 | 7041 | 7490 |
It could be a good option for long-term investment, but it could not be right for everyone; the company is strong because it is India’s largest city gas distributor and gets benefit from increasing use of clean fuels like CNG and PNG, and its price is not too high or too low, so it looks fairly valued; but its growth is not very fast, and its business depends a lot on industries and gas supply, which can affect profits and share price; overall, for long-term investors could look into it.
Gujarat Gas earnings results
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
| Sales + | 10,300 | 9,866 | 16,456 | 16,759 | 15,690 | 16,487 | 15,412 |
| Expenses + | 8,652 | 7,761 | 14,354 | 14,338 | 13,787 | 14,579 | 13,548 |
| Operating Profit | 1,649 | 2,105 | 2,103 | 2,422 | 1,904 | 1,908 | 1,864 |
| OPM % | 16% | 21% | 13% | 14% | 12% | 12% | 12% |
| Other Income + | 82 | 70 | 79 | 101 | 161 | 204 | 263 |
| Interest | 205 | 134 | 82 | 67 | 54 | 52 | 32 |
| Depreciation | 318 | 344 | 385 | 428 | 474 | 511 | 530 |
| Profit before tax | 1,208 | 1,698 | 1,715 | 2,028 | 1,537 | 1,549 | 1,565 |
| Tax % | 1% | 25% | 25% | 25% | 26% | 26% | |
| Net Profit + | 1,199 | 1,270 | 1,287 | 1,528 | 1,144 | 1,148 | 1,162 |
| EPS in Rs | 17.41 | 18.45 | 18.70 | 22.20 | 16.61 | 16.68 | 16.88 |
| Dividend Payout % | 7% | 11% | 11% | 30% | 34% | 35% |
Key Metrics
| TTM PE Ratio | PB Ratio | Dividend Yield | Sector PE | Sector PB | Sector Div Yld |
| 19.86 | 2.72 | 1.74% | 21.68 | 2.78 | 1.43% |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Gujarat Gas Ltd | 20.10 | 2.72 | 1.74% |
| Gail (India) Ltd | 7.20 | 1.05 | 5.50% |
| Adani Total Gas Ltd | 86.32 | 13.43 | 0.05% |
| Indraprastha Gas Ltd | 12.06 | 1.95 | 4.73% |
Is Gujarat Gas stock good to buy? (bull case & bear case)
Bull Case:
- The company earns about ₹15,000–₹ 18,000 crore in revenue, which shows it is large and stable.
- It makes around ₹1,200–₹1,500+ crore in profit every year, indicating steady earnings.
- Its ROE is around 18–22%, which means it gives good returns to investors.
- It is India’s largest city gas company, so it has a strong and reliable business.
- Demand for CNG and PNG is increasing, which can help the company grow in the future.
- It has a big pipeline network and many CNG stations, which help it reach more customers.
- The company earns good cash, which helps it run its business smoothly.
- It has low debt, so there is less financial risk.
Bear Case:
- The company’s profit margin is around 6–8%, which is not very high.
- Revenue growth is slow or sometimes negative, around -5% to 5%, which is a weak point.
- The business depends a lot on industries, which can be unstable.
- Gas prices from global markets can affect profits.
Conclusion
It is a strong and stable company in India’s gas sector with a leading position in city gas distribution, a large pipeline network, and increasing demand for clean fuels like CNG and PNG, which can support its growth in the future; however, its growth is not very fast and it depends a lot on industries and global gas prices, overall, the stock looks fairly priced and can be a good option for long-term investment with steady returns.
