INSUBCONTINENT EXCLUSIVE:
CLSA has a buy rating on GAIL India in the long term with a target price of Rs 180
Shares of GAIL ended down 0.9% at Rs 126.7 on Tuesday while the BSE Sensex closed 205.10 points (0.49%) down at 41,323.81.
Company
FInancialsFor the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 18235.45 crore, down -1.26% from last quarter
sales of Rs 18467.44 crore and down -5.73% from last year same quarter Sales of Rs 19342.88 crore
The company has reported net profit after tax of Rs 849.27 crore in the latest quarter
Mr.Dinkar Prakash Srivastava, Mr.Gajendra Singh, Mr.Jayanto Narayan Choudhury, Mr.Manoj Jain, Mr.P K Gupta, Mr.Rajiv Bansal, Mrs.Banto Devi
Company has ASA - Associates LLP as its auditors
As on 31-12-2019, the company has a total of 4,510,141,866 shares outstanding
Investment RationaleGAIL is trading near its 10-year low PE and at a sub-6 times core PE, stripping off the value of investments, said CLSA
Any plans of unbundling gas transmission may be positive in the short term as the demerged valuation may be much higher than implied by its
current stock price, said CLSA.