Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Gas Distribution Stocks in India

Gas Distribution: GAIL (India) Ltd owns the largest revenue base; Adani Total Gas Ltd has the fastest current growth.

01 · the index people search for

Nifty Gas Distribution Index — Constituents & Performance

The Gas Distribution companies below are the listed Indian Gas Distribution universe this page tracks — the same constituent set people search for as the Nifty Gas Distribution index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Gas Distribution moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 32% behind NIFTY 500. Earnings across its companies fell 11% on average over the last four reported quarters.

BASING · +-4 joined⚠Price down, no fundamental support1 of 7 companies ahead of NIFTY 500 by 5% or more over three months

RS — · 4/7 >200d (+2) · 1/7 lead (−4) · EPS 0/7↑

20030020262025202420232022 209333 TRAILING 12-MONTH EPS · 100 AT THE START0100124Jun 22Dec 22Jun 23Dec 23Jun 24Dec 24Jun 25Dec 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 102, against 100 at the start · no comparable year yet · 6 reportingMar 2023 · trailing 12-month earnings per share at 98, against 100 at the start · up 0.2% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 2.0% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.2% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 6.6% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 21.7% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 19.5% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 2.2% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 3.8% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.1% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 9.0% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 94, against 100 at the start · down 12.1% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.5% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 10.2% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 124, against 100 at the start · down 15.1% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or two124No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20030020262025202420232022 209333 TRAILING 12-MONTH EPS · 100 AT THE START0100124Jun 22Jun 23Jun 24Jun 25Jun 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 5 reportingSep 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 6 reportingDec 2022 · trailing 12-month earnings per share at 102, against 100 at the start · no comparable year yet · 6 reportingMar 2023 · trailing 12-month earnings per share at 98, against 100 at the start · up 0.2% on a year ago · 6 reportingJun 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 2.0% on a year ago · 6 reportingSep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 3.2% on a year ago · 7 reportingDec 2023 · trailing 12-month earnings per share at 100, against 100 at the start · up 6.6% on a year ago · 7 reportingMar 2024 · trailing 12-month earnings per share at 105, against 100 at the start · up 21.7% on a year ago · 7 reportingJun 2024 · trailing 12-month earnings per share at 113, against 100 at the start · up 19.5% on a year ago · 7 reportingSep 2024 · trailing 12-month earnings per share at 108, against 100 at the start · up 2.2% on a year ago · 7 reportingDec 2024 · trailing 12-month earnings per share at 101, against 100 at the start · up 3.8% on a year ago · 7 reportingMar 2025 · trailing 12-month earnings per share at 101, against 100 at the start · down 2.1% on a year ago · 7 reportingJun 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 9.0% on a year ago · 7 reportingSep 2025 · trailing 12-month earnings per share at 94, against 100 at the start · down 12.1% on a year ago · 7 reportingDec 2025 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.5% on a year ago · 7 reportingMar 2026 · trailing 12-month earnings per share at 101, against 100 at the start · down 10.2% on a year ago · 6 reportingJun 2026 · trailing 12-month earnings per share at 124, against 100 at the start · down 15.1% on a year ago · 3 reporting · thin coverageNot reported yet — earnings trail price by a quarter or twoNo earnings on file this far back — the price series reaches further than the filings do
Gas Distribution, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 7 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Gas Distribution outperforming NIFTY 500?

Gas Distribution has underperformed NIFTY 500 by 12% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2.1%. 2 of 7 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Adani Total Gas Ltd is the strongest against the sector itself at +10.5%. Readings are as of 2026-07-19.

-2.1%Sector vs NIFTY 500 · 13 weeks
-12.0%Sector vs NIFTY 500 · 52 weeks
2/7Stocks leading NIFTY 500
2/7Stocks leading sector

Sector metric: 8.0 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Gas Distribution has underperformed NIFTY 500 by 12% over 52 weeks and 2.1% over 13 weeks. 2 of 7 covered companies beat NIFTY on Mansfield relative strength, while 2 of 7 beat the sector itself. GAIL (India) Ltd leads with revenue of ₹1,47,485 crore, based on 7 of 7 comparable companies through Jun 2026.

Companies
7
complete canonical membership
Combined market value
₹3.1 L Cr
GAIL (India) Ltd
Revenue growing
5/7
positive TTM year-on-year growth
Beating NIFTY 500
2/7
positive Mansfield relative strength
Comparing 5 of 7
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Petronet LNG Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 89.6% evidence confidence.
Indraprastha Gas Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
Adani Total Gas Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Petronet LNG LtdPETRONET 70.2/100Favorable setup90% evidence ASLEEP 20.9/35 Revenue -14.7% · PAT -1.5% · OPM change 8 pp 88% evidence 21.8/25 ROCE 22.7% · OPM 20% 100% evidence 13.5/20 P/E 10.8× · PEG 1.3 100% evidence 14.0/20 RS sector 7.1% · RS bench -0.5% · 1Y -7%0 of 10 weeks ahead 70% evidence
Exact sum: 20.9 + 21.8 + 13.5 + 14 = 70.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Adani Total Gas LtdATGL 47.0/100Mixed-negative evidence87% evidence TURNING 16.6/35 Revenue 19.8% · PAT -2.5% · OPM change -6 pp 100% evidence 10.5/25 ROCE 15.3% · OPM 15% 100% evidence 3.5/20 P/E 113× · PEG 8.42 65% evidence 16.4/20 RS sector 10.5% · RS bench 4.7% · 1Y 4.4%9 of 11 weeks ahead 70% evidence
Exact sum: 16.6 + 10.5 + 3.5 + 16.4 = 47 · Decision use: Price leads the evidence: RS versus the benchmark is 4.7%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
3Indraprastha Gas LtdIGL 46.6/100Mixed-negative evidence96% evidence ASLEEP 15.5/35 Revenue 8.3% · PAT -9.8% · OPM change -2 pp 88% evidence 14.3/25 ROCE 17.9% · OPM 10% 100% evidence 16.5/20 P/E 13.7× · PEG 1.26 100% evidence 0.3/20 RS sector -12.8% · RS bench -17.1% · 1Y -24.4%0 of 12 weeks ahead 100% evidence
Exact sum: 15.5 + 14.3 + 16.5 + 0.3 = 46.6 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
4Gujarat Gas LtdGUJGASLTD 46.3/100Mixed-negative evidence83% evidence 16.5/35 Revenue 3.7% · PAT -10.6% · OPM change 0 pp 83% evidence 16.3/25 ROCE 18.5% · OPM 11% 95% evidence 11.4/20 P/E 18.6× · PEG — 50% evidence 2.1/20 RS sector -12.2% · RS bench -12.9% · 1Y -23.3%0 of 7 weeks ahead to 2026-06-28 100% evidence
Exact sum: 16.5 + 16.3 + 11.4 + 2.1 = 46.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
5GAIL (India) LtdGAIL 45.1/100Mixed-negative evidence94% evidence TURNING 15.9/35 Revenue 3.5% · PAT -15.4% · OPM change 7 pp 100% evidence 8.5/25 ROCE 9.7% · OPM 17% 100% evidence 7.8/20 P/E 12.1× · PEG 1.79 100% evidence 12.9/20 RS sector -1.9% · RS bench 6% · 1Y -1.1%5 of 10 weeks ahead 70% evidence
Exact sum: 15.9 + 8.5 + 7.8 + 12.9 = 45.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
6Gujarat State Petronet LtdGSPL 40.5/100Mixed-negative evidence73% evidence 13.1/35 Revenue -7.5% · PAT -18.6% · OPM change 3 pp 56% evidence 9.8/25 ROCE 15.2% · OPM 16% 75% evidence 11.0/20 P/E 14.4× · PEG 1.27 100% evidence 6.6/20 RS sector -4.7% · RS bench -16.3% · 1Y -27.5%2 of 12 weeks ahead to 2026-03-29 70% evidence
Exact sum: 13.1 + 9.8 + 11 + 6.6 = 40.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
7Mahanagar Gas LtdMGL 39.2/100Mixed-negative evidence94% evidence ASLEEP 7.7/35 Revenue 11.1% · PAT -33.4% · OPM change -10 pp 100% evidence 13.4/25 ROCE 18.1% · OPM 14% 100% evidence 11.5/20 P/E 15.5× · PEG 0.3 100% evidence 6.6/20 RS sector -5.6% · RS bench -4.7% · 1Y -18.8%2 of 10 weeks ahead 70% evidence
Exact sum: 7.7 + 13.4 + 11.5 + 6.6 = 39.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

Adani Total Gas Ltd has the strongest one-year price move in Gas Distribution at +4.4%. GAIL (India) Ltd leads on Mansfield relative strength against NIFTY at +6%. 2 of 7 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

GAIL (India) Ltd has the highest Revenue among the 7 Gas Distribution companies compared here, at ₹1,47,485 crore. Petronet LNG Ltd is next at ₹43,495 crore. Adani Total Gas Ltd has the highest Revenue growth at 19.8%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: GAIL (India) Ltd is the scale leader at ₹1,47,485 crore, 239.1% ahead of Petronet LNG Ltd. Adani Total Gas Ltd's growth is 19.8% from a ₹6,269 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderGAIL (India) Ltd · ₹1,47,485 crore
Gap239.1% versus #2 · Petronet LNG Ltd
Persistence6/8 recent comparable periods
Coverage7/7 companies · 130 observations

Investor read: GAIL (India) Ltd is the scale benchmark; Adani Total Gas Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: GAIL (India) Ltd's growth falls below Adani Total Gas Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1GAIL (India) Ltd GAIL₹1.5 L Cr
2Petronet LNG Ltd PETRONET₹43.5K Cr
3Gujarat Gas Ltd GUJGASLTD₹17.1K Cr
4Gujarat State Petronet Ltd GSPL · older report₹16.3K Cr
5Indraprastha Gas Ltd IGL₹16.2K Cr
Revenue growthfastest growers
1Adani Total Gas Ltd ATGL20%
2Mahanagar Gas Ltd MGL11%
3Indraprastha Gas Ltd IGL8.4%
4Gujarat Gas Ltd GUJGASLTD3.7%
5GAIL (India) Ltd GAIL3.5%
Revenue · company comparison
7/7 level · 7/7 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
GAIL (India) Ltd GAIL₹41.2K Cr17%Jun 2026
Petronet LNG Ltd PETRONET₹9.4K Cr-23%Mar 2026
Gujarat Gas Ltd GUJGASLTD₹5.8K Cr41%Mar 2026
Indraprastha Gas Ltd IGL₹4.2K Cr5.5%Mar 2026
Gujarat State Petronet Ltd GSPL₹3.9K Cr-11%Dec 2025
Mahanagar Gas Ltd MGL₹2.4K Cr14%Jun 2026
Adani Total Gas Ltd ATGL₹1.8K Cr27%Jun 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Adani Total Gas Ltd · ATGL

₹648 Cr
₹883 Cr
₹1.0K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.5K Cr
₹1.6K Cr
₹1.8K Cr

GAIL (India) Ltd · GAIL

₹21.8K Cr
₹26.1K Cr
₹27.3K Cr
₹37.9K Cr
₹38.7K Cr
₹35.9K Cr
₹33.2K Cr
₹32.8K Cr
₹33.0K Cr
₹34.7K Cr
₹32.8K Cr
₹34.7K Cr
₹33.9K Cr
₹36.8K Cr
₹36.4K Cr
₹35.3K Cr
₹35.5K Cr
₹35.2K Cr
₹35.6K Cr
₹41.2K Cr

Gujarat Gas Ltd · GUJGASLTD

—
—
—
—
—
₹3.7K Cr
₹3.9K Cr
₹3.8K Cr
₹3.8K Cr
₹3.9K Cr
₹4.1K Cr
₹4.5K Cr
₹3.8K Cr
₹4.2K Cr
₹4.1K Cr
₹3.9K Cr
₹3.8K Cr
₹3.7K Cr
₹5.8K Cr
—

Gujarat State Petronet Ltd · GSPL

₹4.1K Cr
₹5.5K Cr
₹5.0K Cr
₹5.5K Cr
₹4.3K Cr
₹4.0K Cr
₹4.3K Cr
₹4.1K Cr
₹4.3K Cr
₹4.4K Cr
₹4.5K Cr
₹4.7K Cr
₹4.0K Cr
₹4.4K Cr
₹4.3K Cr
₹4.1K Cr
₹4.0K Cr
₹3.9K Cr
—
—

Indraprastha Gas Ltd · IGL

₹1.8K Cr
₹2.2K Cr
₹2.4K Cr
₹3.2K Cr
₹3.6K Cr
₹3.7K Cr
₹3.7K Cr
₹3.4K Cr
₹3.5K Cr
₹3.6K Cr
₹3.6K Cr
₹3.5K Cr
₹3.7K Cr
₹3.8K Cr
₹3.9K Cr
₹3.9K Cr
₹4.0K Cr
₹4.1K Cr
₹4.2K Cr
—

Mahanagar Gas Ltd · MGL

₹830 Cr
₹1.0K Cr
₹1.1K Cr
₹1.5K Cr
₹1.6K Cr
₹1.7K Cr
₹1.6K Cr
₹1.5K Cr
₹1.6K Cr
₹1.6K Cr
₹1.6K Cr
₹1.7K Cr
₹1.8K Cr
₹1.8K Cr
₹2.0K Cr
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹2.4K Cr

Petronet LNG Ltd · PETRONET

₹10.8K Cr
₹12.6K Cr
₹11.2K Cr
₹14.3K Cr
₹16.0K Cr
₹15.8K Cr
₹13.9K Cr
₹11.7K Cr
₹12.5K Cr
₹14.7K Cr
₹13.8K Cr
₹13.4K Cr
₹13.0K Cr
₹12.2K Cr
₹12.3K Cr
₹11.9K Cr
₹11.0K Cr
₹11.2K Cr
₹9.4K Cr
—

Revenue growth · reported quarter history

Adani Total Gas Ltd · ATGL

—
—
—
—
72%
25%
10%
1.3%
-1.8%
4.5%
4.7%
8.4%
11%
12%
15%
20%
19%
16%
16%
27%

GAIL (India) Ltd · GAIL

—
—
—
116%
78%
37%
22%
-13%
-15%
-3.3%
-1.4%
5.9%
2.7%
6.2%
11%
1.7%
4.9%
-4.5%
-2.4%
17%

Gujarat Gas Ltd · GUJGASLTD

—
—
—
—
—
—
—
—
—
6.7%
5.2%
18%
-1.6%
5.7%
-0.8%
-13%
-0.1%
-12%
41%
—

Gujarat State Petronet Ltd · GSPL

—
—
32%
62%
5.6%
-27%
-14%
-26%
-1.1%
9.8%
6.1%
15%
-6.4%
-0.7%
-5.3%
-13%
0.4%
-11%
—
—

Indraprastha Gas Ltd · IGL

—
—
—
154%
94%
68%
53%
6.7%
-2.7%
-4.2%
-2.3%
3.2%
6.9%
5.7%
9.8%
11%
8.8%
8.2%
5.5%
—

Mahanagar Gas Ltd · MGL

—
—
—
137%
88%
63%
48%
5.7%
0.5%
-6.1%
0.2%
8.3%
14%
18%
22%
25%
15%
12%
4.5%
14%

Petronet LNG Ltd · PETRONET

—
—
—
66%
48%
25%
24%
-18%
-22%
-6.5%
-0.6%
15%
3.9%
-17%
-11%
-11%
-15%
-8.7%
-23%
—
07 · compare level, then change

Operating Economics & Margin Trend

Petronet LNG Ltd has the highest OPM among the 7 Gas Distribution companies compared here, at 20%. GAIL (India) Ltd is next at 17%. The same company also holds the highest Margin change, at +8 percentage points. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Petronet LNG Ltd leads both opm at 20% and margin change at +8 percentage points.

LeaderPetronet LNG Ltd · 20%
Gap17.6% versus #2 · GAIL (India) Ltd
Persistence5/8 recent comparable periods
Coverage7/7 companies · 135 observations

Investor read: Petronet LNG Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Petronet LNG Ltd PETRONET20%
2GAIL (India) Ltd GAIL17%
3Gujarat State Petronet Ltd GSPL · older report16%
4Adani Total Gas Ltd ATGL15%
5Mahanagar Gas Ltd MGL14%
Margin changefastest expanders
1Petronet LNG Ltd PETRONET+8.0 pp
2GAIL (India) Ltd GAIL+7.0 pp
3Gujarat State Petronet Ltd GSPL · older report+3.0 pp
4Gujarat Gas Ltd GUJGASLTD0.0 pp
5Indraprastha Gas Ltd IGL−2.0 pp
Operating margin · company comparison
7/7 level · 7/7 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Petronet LNG Ltd PETRONET20%+8.0 ppMar 2026
GAIL (India) Ltd GAIL17%+7.0 ppJun 2026
Gujarat State Petronet Ltd GSPL16%+3.0 ppDec 2025
Adani Total Gas Ltd ATGL15%−6.0 ppJun 2026
Mahanagar Gas Ltd MGL14%−10.0 ppJun 2026
Gujarat Gas Ltd GUJGASLTD11%0.0 ppMar 2026
Indraprastha Gas Ltd IGL10%−2.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Adani Total Gas Ltd · ATGL

36%
23%
13%
21%
20%
21%
17%
23%
26%
25%
25%
26%
25%
20%
20%
21%
20%
20%
19%
15%

GAIL (India) Ltd · GAIL

17%
18%
16%
12%
4.9%
1.0%
2.0%
8.0%
11%
12%
12%
14%
12%
9.0%
10%
10%
10%
8.0%
4.1%
17%

Gujarat Gas Ltd · GUJGASLTD

12%
4.6%
15%
12%
16%
16%
14%
10%
13%
10%
14%
12%
14%
9.0%
11%
13%
12%
12%
11%
—

Gujarat State Petronet Ltd · GSPL

20%
11%
20%
18%
23%
21%
20%
17%
21%
18%
21%
17%
17%
13%
13%
17%
15%
16%
—
—

Indraprastha Gas Ltd · IGL

29%
21%
21%
19%
15%
12%
13%
19%
19%
16%
14%
16%
14%
10%
12%
13%
11%
12%
10%
—

Mahanagar Gas Ltd · MGL

36%
10%
20%
20%
16%
15%
24%
34%
30%
29%
24%
26%
23%
18%
20%
24%
16%
17%
13%
14%

Petronet LNG Ltd · PETRONET

12%
14%
10%
7.5%
7.3%
11%
7.0%
10%
10%
12%
8.0%
12%
9.0%
10%
12%
10%
10%
11%
20%
—

Margin change · reported quarter history

Adani Total Gas Ltd · ATGL

−14.4 pp
−19.9 pp
−22.1 pp
−20.9 pp
−15.4 pp
−2.0 pp
+4.0 pp
+2.0 pp
+5.7 pp
+4.0 pp
+8.0 pp
+3.0 pp
−1.0 pp
−5.0 pp
−5.0 pp
−5.0 pp
−5.0 pp
0.0 pp
−1.0 pp
−6.0 pp

GAIL (India) Ltd · GAIL

+6.3 pp
+3.4 pp
−2.7 pp
−3.0 pp
−11.7 pp
−16.7 pp
−13.6 pp
−4.0 pp
+6.1 pp
+11.0 pp
+10.0 pp
+6.0 pp
+1.0 pp
−3.0 pp
−2.0 pp
−4.0 pp
−2.0 pp
−1.0 pp
−5.9 pp
+7.0 pp

Gujarat Gas Ltd · GUJGASLTD

−17.6 pp
−17.1 pp
−1.2 pp
−12.3 pp
+4.6 pp
+11.4 pp
−0.9 pp
−1.7 pp
−3.2 pp
−6.0 pp
0.0 pp
+2.0 pp
+1.0 pp
−1.0 pp
−3.0 pp
+1.0 pp
−2.0 pp
+3.0 pp
0.0 pp
—

Gujarat State Petronet Ltd · GSPL

−17.8 pp
−20.4 pp
−4.1 pp
−14.6 pp
+3.1 pp
+10.4 pp
+0.2 pp
−0.6 pp
−1.8 pp
−3.0 pp
+1.0 pp
0.0 pp
−4.0 pp
−5.0 pp
−8.0 pp
0.0 pp
−2.0 pp
+3.0 pp
—
—

Indraprastha Gas Ltd · IGL

−2.2 pp
−13.4 pp
−10.9 pp
−11.0 pp
−14.1 pp
−9.2 pp
−7.8 pp
−0.3 pp
+4.2 pp
+4.0 pp
+1.0 pp
−3.0 pp
−5.0 pp
−6.0 pp
−2.0 pp
−3.0 pp
−3.0 pp
+2.0 pp
−2.0 pp
—

Mahanagar Gas Ltd · MGL

−7.3 pp
−37.5 pp
−24.2 pp
−29.8 pp
−20.2 pp
+5.0 pp
+4.2 pp
+14.4 pp
+13.8 pp
+14.0 pp
0.0 pp
−8.0 pp
−7.0 pp
−11.0 pp
−4.0 pp
−2.0 pp
−7.0 pp
−1.0 pp
−7.0 pp
−10.0 pp

Petronet LNG Ltd · PETRONET

−9.9 pp
−4.5 pp
−3.9 pp
−4.8 pp
−4.7 pp
−2.8 pp
−3.5 pp
+2.5 pp
+2.7 pp
+1.0 pp
+1.0 pp
+2.0 pp
−1.0 pp
−2.0 pp
+4.0 pp
−2.0 pp
+1.0 pp
+1.0 pp
+8.0 pp
—
08 · compare level, then change

Profit Scale & Acceleration

GAIL (India) Ltd has the highest Net profit among the 7 Gas Distribution companies compared here, at ₹9,870 crore. Petronet LNG Ltd is next at ₹3,913 crore. Petronet LNG Ltd has the highest Profit growth at -1.5%, so level and change sit with different companies. 7 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: GAIL (India) Ltd leads with ₹9,870 crore of TTM profit, 152.2% above Petronet LNG Ltd. Petronet LNG Ltd shows -1.5% growth from a ₹3,913 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGAIL (India) Ltd · ₹9,870 crore
Gap152.2% versus #2 · Petronet LNG Ltd
Persistence4/8 recent comparable periods
Coverage7/7 companies · 130 observations

Investor read: GAIL (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1GAIL (India) Ltd GAIL₹9.9K Cr
2Petronet LNG Ltd PETRONET₹3.9K Cr
3Gujarat State Petronet Ltd GSPL · older report₹1.6K Cr
4Indraprastha Gas Ltd IGL₹1.5K Cr
5Gujarat Gas Ltd GUJGASLTD₹1.0K Cr
Profit growthfastest growers
1Petronet LNG Ltd PETRONET-1.5%
2Adani Total Gas Ltd ATGL-2.5%
3Indraprastha Gas Ltd IGL-9.8%
4Gujarat Gas Ltd GUJGASLTD-11%
5GAIL (India) Ltd GAIL-15%
Net profit · company comparison
7/7 level · 7/7 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
GAIL (India) Ltd GAIL₹4.7K Cr96%Jun 2026
Petronet LNG Ltd PETRONET₹1.4K Cr25%Mar 2026
Gujarat State Petronet Ltd GSPL₹379 Cr13%Dec 2025
Indraprastha Gas Ltd IGL₹339 Cr-25%Mar 2026
Mahanagar Gas Ltd MGL₹193 Cr-40%Jun 2026
Gujarat Gas Ltd GUJGASLTD₹152 Cr-47%Mar 2026
Adani Total Gas Ltd ATGL₹142 Cr-14%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Adani Total Gas Ltd · ATGL

₹158 Cr
₹128 Cr
₹81 Cr
₹138 Cr
₹160 Cr
₹150 Cr
₹98 Cr
₹150 Cr
₹173 Cr
₹177 Cr
₹168 Cr
₹172 Cr
₹186 Cr
₹142 Cr
₹155 Cr
₹165 Cr
₹163 Cr
₹159 Cr
₹168 Cr
₹142 Cr

GAIL (India) Ltd · GAIL

₹2.9K Cr
₹3.8K Cr
₹3.5K Cr
₹3.3K Cr
₹1.3K Cr
₹398 Cr
₹643 Cr
₹1.8K Cr
₹2.4K Cr
₹3.2K Cr
₹2.5K Cr
₹3.2K Cr
₹2.7K Cr
₹4.1K Cr
₹2.5K Cr
₹2.4K Cr
₹2.0K Cr
₹1.7K Cr
₹1.5K Cr
₹4.7K Cr

Gujarat Gas Ltd · GUJGASLTD

—
—
—
—
—
₹372 Cr
₹370 Cr
₹216 Cr
₹296 Cr
₹221 Cr
₹410 Cr
₹331 Cr
₹309 Cr
₹221 Cr
₹288 Cr
₹328 Cr
₹280 Cr
₹267 Cr
₹152 Cr
—

Gujarat State Petronet Ltd · GSPL

₹513 Cr
₹351 Cr
₹639 Cr
₹648 Cr
₹621 Cr
₹530 Cr
₹543 Cr
₹434 Cr
₹590 Cr
₹496 Cr
₹663 Cr
₹527 Cr
₹423 Cr
₹335 Cr
₹352 Cr
₹465 Cr
₹389 Cr
₹379 Cr
—
—

Indraprastha Gas Ltd · IGL

₹419 Cr
₹375 Cr
₹431 Cr
₹481 Cr
₹427 Cr
₹334 Cr
₹398 Cr
₹522 Cr
₹553 Cr
₹475 Cr
₹433 Cr
₹480 Cr
₹454 Cr
₹325 Cr
₹453 Cr
₹428 Cr
₹385 Cr
₹392 Cr
₹339 Cr
—

Mahanagar Gas Ltd · MGL

₹204 Cr
₹57 Cr
₹132 Cr
₹185 Cr
₹164 Cr
₹172 Cr
₹269 Cr
₹368 Cr
₹338 Cr
₹317 Cr
₹261 Cr
₹289 Cr
₹287 Cr
₹221 Cr
₹247 Cr
₹319 Cr
₹191 Cr
₹201 Cr
₹130 Cr
₹193 Cr

Petronet LNG Ltd · PETRONET

₹818 Cr
₹1.2K Cr
₹791 Cr
₹725 Cr
₹786 Cr
₹1.2K Cr
₹619 Cr
₹819 Cr
₹856 Cr
₹1.2K Cr
₹764 Cr
₹1.1K Cr
₹871 Cr
₹902 Cr
₹1.1K Cr
₹842 Cr
₹830 Cr
₹870 Cr
₹1.4K Cr
—

Profit growth · reported quarter history

Adani Total Gas Ltd · ATGL

—
—
—
—
1.3%
17%
21%
8.7%
8.1%
18%
71%
15%
7.5%
-20%
-7.7%
-4.1%
-12%
12%
8.4%
-14%

GAIL (India) Ltd · GAIL

—
—
—
52%
-54%
-89%
-81%
-45%
86%
702%
285%
78%
10%
28%
1.3%
-25%
-26%
-58%
-41%
96%

Gujarat Gas Ltd · GUJGASLTD

—
—
—
—
—
—
—
—
—
-41%
11%
53%
4.4%
0.0%
-30%
-0.9%
-9.4%
21%
-47%
—

Gujarat State Petronet Ltd · GSPL

—
—
11%
-11%
21%
51%
-15%
-33%
-5.0%
-6.4%
22%
21%
-28%
-32%
-47%
-12%
-8.0%
13%
—
—

Indraprastha Gas Ltd · IGL

—
—
—
73%
1.9%
-11%
-7.7%
8.5%
30%
42%
8.8%
-8.1%
-18%
-32%
4.6%
-11%
-15%
21%
-25%
—

Mahanagar Gas Ltd · MGL

—
—
—
-9.3%
-20%
202%
104%
99%
106%
84%
-3.0%
-21%
-15%
-30%
-5.4%
10%
-33%
-9.1%
-47%
-40%

Petronet LNG Ltd · PETRONET

—
—
—
8.2%
-3.9%
3.2%
-22%
13%
8.9%
1.4%
23%
35%
1.8%
-26%
43%
-24%
-4.7%
-3.6%
25%
—
09 · compare level, then change

Return On Capital Employed

Petronet LNG Ltd has the highest ROCE among the 7 Gas Distribution companies compared here, at 22.7%. Gujarat Gas Ltd is next at 18.5%. The same company also holds the highest ROCE change, at -1.5 percentage points. 7 of 7 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Petronet LNG Ltd leads ROCE at 22.7%, 4.2 percentage points above Gujarat Gas Ltd. Petronet LNG Ltd has the strongest latest improvement at -1.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderPetronet LNG Ltd · 22.7%
Gap22.7% versus #2 · Gujarat Gas Ltd
Persistence0/8 recent comparable periods
Coverage7/7 companies · 90 observations

Investor read: Petronet LNG Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Petronet LNG Ltd PETRONET23%
2Gujarat Gas Ltd GUJGASLTD19%
3Mahanagar Gas Ltd MGL18%
4Indraprastha Gas Ltd IGL18%
5Adani Total Gas Ltd ATGL15%
ROCE changefastest improvers
1Petronet LNG Ltd PETRONET−1.5 pp
2Gujarat Gas Ltd GUJGASLTD−2.0 pp
3GAIL (India) Ltd GAIL−2.4 pp
4Indraprastha Gas Ltd IGL−2.4 pp
5Adani Total Gas Ltd ATGL−3.0 pp
Return on capital · company comparison
7/7 level · 7/7 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Petronet LNG Ltd PETRONET19%−1.5 ppMar 2026
Mahanagar Gas Ltd MGL15%−4.3 ppJun 2026
Adani Total Gas Ltd ATGL15%−3.0 ppJun 2026
Gujarat State Petronet Ltd GSPL13%−4.3 ppDec 2025
GAIL (India) Ltd GAIL12%−2.4 ppJun 2026
Indraprastha Gas Ltd IGL11%−2.4 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Adani Total Gas Ltd · ATGL

30%
—
23%
—
21%
—
22%
—
22%
26%
20%
25%
19%
22%
15%
18%
14%
16%
13%
15%

GAIL (India) Ltd · GAIL

12%
—
16%
—
15%
—
5.9%
—
4.9%
12%
11%
16%
12%
16%
11%
15%
9.0%
11%
6.5%
12%

Gujarat State Petronet Ltd · GSPL

28%
—
23%
—
—
—
21%
—
18%
20%
17%
20%
16%
17%
12%
13%
10%
13%
—
—

Indraprastha Gas Ltd · IGL

22%
—
20%
—
21%
—
20%
—
19%
28%
19%
27%
16%
21%
13%
20%
11%
18%
11%
—

Mahanagar Gas Ltd · MGL

28%
—
19%
—
16%
—
21%
—
28%
38%
28%
33%
23%
25%
19%
24%
17%
20%
15%
—

Petronet LNG Ltd · PETRONET

23%
—
25%
—
23%
—
22%
—
22%
25%
21%
27%
22%
23%
21%
23%
18%
22%
19%
—

ROCE change · reported quarter history

Adani Total Gas Ltd · ATGL

—
—
—
—
−8.9 pp
—
−1.5 pp
—
+1.5 pp
—
−2.1 pp
—
−3.7 pp
−3.9 pp
−4.6 pp
−7.6 pp
−5.0 pp
−6.0 pp
−2.2 pp
−3.0 pp

GAIL (India) Ltd · GAIL

—
—
—
—
+2.8 pp
—
−9.9 pp
—
−10.2 pp
—
+4.8 pp
—
+7.0 pp
+4.3 pp
−0.1 pp
−1.3 pp
−2.9 pp
−5.6 pp
−4.1 pp
−2.4 pp

Gujarat State Petronet Ltd · GSPL

—
—
—
—
—
—
−2.2 pp
—
—
—
−4.2 pp
—
−2.5 pp
−3.3 pp
−5.5 pp
−7.3 pp
−5.7 pp
−4.3 pp
—
—

Indraprastha Gas Ltd · IGL

—
—
—
—
−1.4 pp
—
+0.2 pp
—
−1.9 pp
—
−0.5 pp
—
−3.4 pp
−6.3 pp
−6.0 pp
−7.1 pp
−4.5 pp
−2.9 pp
−2.4 pp
—

Mahanagar Gas Ltd · MGL

—
—
—
—
−12.3 pp
—
+2.5 pp
—
+11.9 pp
—
+6.9 pp
—
−5.2 pp
−13.0 pp
−9.2 pp
−8.7 pp
−5.3 pp
−4.7 pp
−4.3 pp
—

Petronet LNG Ltd · PETRONET

—
—
—
—
+0.5 pp
—
−2.7 pp
—
−1.4 pp
—
−1.0 pp
—
−0.1 pp
−1.2 pp
−0.3 pp
−3.7 pp
−3.2 pp
−1.8 pp
−1.5 pp
—
10 · compare level, then change

Valuation Against Growth & Quality

Mahanagar Gas Ltd has the lowest PEG among the 7 Gas Distribution companies compared here, at 0.3×. Indraprastha Gas Ltd is next at 1.26×. Petronet LNG Ltd has the lowest P/E at 10.8×, so level and change sit with different companies. 6 of 7 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Mahanagar Gas Ltd has the lowest comparable PEG at 0.3×, 76.2% below Indraprastha Gas Ltd. Only 6 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderMahanagar Gas Ltd · 0.3×
Gap76.2% versus #2 · Indraprastha Gas Ltd
Persistence0/8 recent comparable periods
Coverage6/7 companies · 45 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
1Mahanagar Gas Ltd MGL0.3
2Indraprastha Gas Ltd IGL1.3
3Gujarat State Petronet Ltd GSPL · older report1.3
4Petronet LNG Ltd PETRONET1.3
5GAIL (India) Ltd GAIL1.8
P/Elowest P/E
1Petronet LNG Ltd PETRONET10.8
2GAIL (India) Ltd GAIL12.1
3Indraprastha Gas Ltd IGL13.7
4Gujarat State Petronet Ltd GSPL · older report14.4
5Mahanagar Gas Ltd MGL15.5
Valuation · company comparison
6/7 level · 7/7 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Adani Total Gas Ltd ATGL8.4121.4Jun 2026
GAIL (India) Ltd GAIL1.815.0Jun 2026
Petronet LNG Ltd PETRONET1.310.2Mar 2026
Gujarat State Petronet Ltd GSPL1.316.3Dec 2025
Indraprastha Gas Ltd IGL1.312.5Mar 2026
Mahanagar Gas Ltd MGL0.313.8Jun 2026
Gujarat Gas Ltd GUJGASLTD—18.8Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Adani Total Gas Ltd · ATGL

5.8
7.6
13.8
64.5
—
—
—
17.9
11.3
15.1
13.5
6.7
5.3
4.6
8.4
—
—
—
—
—

GAIL (India) Ltd · GAIL

—
—
0.2
0.1
—
—
—
—
—
—
—
—
—
—
0.4
1.8
—
—
—
—

Gujarat State Petronet Ltd · GSPL

0.6
0.4
—
—
—
0.4
1.5
—
—
1.1
—
—
1.3
—
—
—
—
—
—
—

Indraprastha Gas Ltd · IGL

0.7
0.5
0.5
—
0.8
0.9
1.1
2.4
—
3.0
1.7
—
1.3
—
—
—
—
—
—
—

Mahanagar Gas Ltd · MGL

0.3
—
—
—
—
—
—
—
—
—
—
—
0.3
—
—
—
—
—
—
—

Petronet LNG Ltd · PETRONET

0.8
0.5
0.4
0.5
0.7
0.6
—
—
—
—
0.5
1.4
0.9
1.0
—
1.3
—
—
—
—

P/E · reported quarter history

Adani Total Gas Ltd · ATGL

267.2
318.9
392.9
494.9
727.6
801.0
180.0
131.7
120.7
190.4
170.6
147.6
125.0
106.5
99.3
114.5
110.2
100.1
90.6
121.4

GAIL (India) Ltd · GAIL

8.9
6.1
5.8
4.8
4.3
5.4
8.2
12.3
19.7
20.2
14.8
14.6
13.8
11.0
11.4
11.9
11.6
12.5
10.5
15.0

Gujarat Gas Ltd · GUJGASLTD

25.3
29.9
28.4
22.3
28.8
24.6
19.6
20.9
21.4
25.3
34.0
39.2
34.5
28.1
23.1
28.2
25.5
24.3
18.8
—

Gujarat State Petronet Ltd · GSPL

9.5
9.3
9.2
7.4
8.1
9.0
8.7
9.8
10.6
11.3
12.9
10.3
14.1
13.5
12.3
16.8
16.7
16.3
—
—

Indraprastha Gas Ltd · IGL

26.2
22.7
17.8
17.2
16.3
16.9
17.9
20.2
18.9
16.2
15.5
17.8
19.8
14.8
16.8
17.4
17.0
17.0
12.5
—

Mahanagar Gas Ltd · MGL

12.8
12.6
12.9
13.0
15.3
12.7
12.3
13.1
12.9
10.3
10.4
12.3
16.0
10.6
13.0
14.3
11.4
11.5
9.7
13.8

Petronet LNG Ltd · PETRONET

11.4
10.8
8.9
9.0
8.6
9.3
9.8
10.1
10.5
9.6
11.3
13.6
12.9
12.9
12.1
11.4
10.8
11.5
10.2
—
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Gas Distribution comparison names 5 specific ways its own evidence can mislead, all listed below. 1 of the 7 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 7 Gas Distribution companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing6 cross-checked · 1 unverified · 0 withheld, of 7 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Gas Distribution company comparison FAQs

These 24 answers restate the Gas Distribution comparison above in question form. Every one is computed from the same 7 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Gas Distribution sector outperforming NIFTY 500?

Gas Distribution has underperformed NIFTY 500 by 12% over 52 weeks and 2.1% over 13 weeks. 2 of 7 covered companies beat NIFTY on Mansfield relative strength, while 2 of 7 beat the sector itself.

Which Gas Distribution company is largest by revenue?

GAIL (India) Ltd leads with revenue of ₹1,47,485 crore, based on 7 of 7 comparable companies through Jun 2026.

Which Gas Distribution company is growing fastest?

Adani Total Gas Ltd has the fastest current revenue growth at 19.8%, across 7 of 7 comparable companies.

Which Gas Distribution company has the strongest 4-Factor Sector Score?

Petronet LNG Ltd ranks first at 70.2/100 with 89.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Gas Distribution company has the lowest comparable PEG?

Mahanagar Gas Ltd has the lowest comparable PEG at 0.3, among 6 of 7 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Gas Distribution comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Gas Distribution index?

The Nifty Gas Distribution index tracks India's listed Gas Distribution companies as a single basket. This page follows the same 7 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Gas Distribution sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Gas Distribution stocks in India?

Ranked by this page's four-factor score, Petronet LNG Ltd places first among 7 listed Gas Distribution companies, followed by Adani Total Gas Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Gas Distribution stocks are listed in India?

This comparison covers 7 listed Gas Distribution companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Gas Distribution company is the biggest?

GAIL (India) Ltd is the largest, with trailing-twelve-month revenue of ₹1,47,485 crore, ahead of Petronet LNG Ltd at ₹43,495 crore. That covers 7 of 7 companies with comparable reporting through Jun 2026.

Which Gas Distribution company has the best profit margins?

Petronet LNG Ltd has the highest operating margin at 20%, from 7 of 7 comparable companies. Petronet LNG Ltd shows the biggest recent improvement, at +8 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Gas Distribution company makes the most profit?

GAIL (India) Ltd earns the most, at ₹9,870 crore of trailing-twelve-month net profit, from 7 of 7 comparable companies. Petronet LNG Ltd has the fastest profit growth at -1.5%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Gas Distribution company earns the highest return on capital?

Petronet LNG Ltd leads on return on capital employed at 22.7%, across 7 of 7 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Gas Distribution stock is the cheapest?

On PEG — where a LOWER number is cheaper — Mahanagar Gas Ltd screens cheapest at 0.3×. Only 6 of 7 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Gas Distribution sector beating the market?

Gas Distribution has underperformed NIFTY 500 by 12% over the last 52 weeks and 2.1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 7 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Gas Distribution stock has the strongest price momentum?

GAIL (India) Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Gas Distribution company scores highest for research priority?

Petronet LNG Ltd scores 70.2 out of 100 with 89.6% evidence confidence, from 20.9 points on growth and earnings, 21.8 on capital efficiency, 13.5 on valuation and 14 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Gas Distribution companies does this comparison cover, and over what period?

It compares 7 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Gas Distribution sector?

The 7 Gas Distribution companies on this page carry ₹3,13,649 crore of combined market value. GAIL (India) Ltd is the largest at ₹1,19,299 crore, about 38% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

What is the Gas Distribution sector's P/E ratio?

The median price-to-earnings ratio across the 7 Gas Distribution companies on this page is 14.4×, measured on the 7 that report a comparable figure. A sector-level history for this multiple is not held here, so this is a cross-section of today, not a comparison with the sector’s own past. Figures are as of 2026-08-05.

How is the Gas Distribution sector performing?

2 of the 7 covered Gas Distribution companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 12% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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