# GAIL share price today (GAIL (India) Ltd, NSE: GAIL)

> GAIL share price today: ₹181.75 at the NSE close on 3 November 2026, down 0.6% in a year. GAIL (India) (NSE: GAIL) is worth ₹1,19,438 crore, trades at a P/E of 9.5 and has closed between ₹137.19 and ₹183.41 over the past 52 weeks. > GAIL (India) Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. GAIL · Gas Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/gail-indialtd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹181.75 (−0.6% in a year)
- P/E: 9.5× (lower than 66% of the last 11 years)
- Revenue (Sep 2026): ₹47,139 Cr (+32.6% on a year ago)
- Profit (Sep 2026): ₹4,724 Cr (+137.5% on a year ago)
- Operating margin: 15.0% (+5.0 points on a year ago)
- ROCE: 10%, FY26
- ROIC: 10.4%, against a 12.0% cost of capital: −1.6 points

The main question: the share price moved −0.6% in a year while yearly earnings per share moved −39.1%. The difference came from the market paying a higher multiple. ## What is the GAIL share price today? GAIL (India) Ltd's share price was ₹181.75 at the close on 3 November 2026. It has been stalling near its high for 4 weeks. That is 6.9% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹137 and ₹183, and at that close it sat 96% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row. Over the last 11 years the share price moved +186% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at GAIL this quarter? Three changes stood out: highest quarterly profit in 16 quarters, highest quarterly revenue in 16 quarters and operating margin up 5 points on a year earlier. 1. Highest quarterly profit in 16 quarters Profit of ₹4,724 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Profit reached a record because gas transmission hit a peak and country gas use moved back toward levels before the crisis. Next results: check whether gas transmission stays within the range management gave for FY27. From the earnings call on 30 Oct 2026. 2. Highest quarterly revenue in 16 quarters Revenue of ₹47,139 crore in the September 2026 quarter is the highest of the last 16 quarters. Why: Revenue reached a record because the company sold more gas in its marketing business, with volumes up from the first quarter. Next results: check whether country gas use keeps recovering, including refineries and city gas. From the earnings call on 30 Oct 2026. 3. Operating margin up 5 points on a year earlier 15% in the September 2026 quarter, from 10%. Why: Operating margin rose because the polymer business recovered to close to breaking even as output rose and it used a better feed mix. Next results: check whether the polymer business stays close to breaking even, as management expects. From the earnings call on 30 Oct 2026. ## What dividend does GAIL pay? GAIL paid ₹5.50 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 3.03% at the ₹181.75 close on 3 November 2026. The last was a dividend of ₹0.50 a share, ex-date 2 September 2026. ### GAIL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 2 Sep 2026 | ₹0.50 | Dividend | same day |
| 5 Feb 2026 | ₹5 | Interim | same day |
| 4 Aug 2025 | ₹1 | Dividend | same day |
| 7 Feb 2025 | ₹6.50 | Interim | same day |
| 6 Feb 2024 | ₹5.50 | Interim | same day |
| 21 Mar 2023 | ₹4 | Interim | same day |
| 1 Aug 2022 | ₹1 | Dividend | 2 Aug 2022 |
| 21 Mar 2022 | ₹5 | Interim | 22 Mar 2022 |
| 30 Dec 2021 | ₹4 | Interim | 31 Dec 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. GAIL (India) Ltd paid out 48% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What are GAIL's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), GAIL reported revenue of ₹47,139 crore, up 32.6% from ₹35,537 crore a year earlier, and a profit of ₹4,724 crore, up 137.5% from ₹1,989 crore. ### GAIL results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹47,139 crore | ₹35,537 crore | +32.6% |
| Profit | ₹4,724 crore | ₹1,989 crore | +137.5% |
| Earnings per share | ₹7.18 | ₹3.00 | +139.3% |
| Operating margin | 15.0% | 10.0% | +5.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). GAIL's management discussed these results on a call held on 30 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the GAIL share price history? GAIL closed at ₹181.75 on 3 November 2026, down 0.6% from ₹182.76 a year earlier (31 October 2025) and up 80.0% over five years. Its highest weekly close since March 2016 was ₹237.69 on 30 August 2024. ### GAIL share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹163.96 | +10.9% |
| 1 month ago · 1 Oct 2026 | ₹171.22 | +6.1% |
| 6 months ago · 30 Apr 2026 | ₹163.23 | +11.3% |
| 1 year ago · 31 Oct 2025 | ₹182.76 | −0.6% |
| 3 years ago · 3 Nov 2023 | ₹123.75 | +46.9% |
| 5 years ago · 4 Nov 2021 | ₹101.00 | +80.0% |
| 10 years ago · 4 Nov 2016 | ₹79.51 | +128.6% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹63.65 | +185.5% |
| Highest weekly close since March 2016 · 30 Aug 2024 | ₹237.69 | −23.5% |
| Lowest weekly close since March 2016 · 27 Mar 2020 | ₹46.33 | +292.3% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹183.41 | −0.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹137.19 | +32.5% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on GAIL? 3 Nov 2026: GAIL closed at ₹181.75, up 10.9% on the week and up 6.1% on the month. 30 Oct 2026: GAIL held its results call for July to September 2026. Management guided: FY27 natural gas transmission 126-127 MMSCMD. ### Earlier

- Results for July to September 2026: Revenue up 32.6% and profit up 137.5% on a year earlier. - 2 Sep 2026: ex-date for a dividend of ₹0.50 a share. - 5 Feb 2026: ex-date for an interim dividend of ₹5 a share. ## What did GAIL management say on the latest results call? On the call for July to September 2026, held on 30 October 2026, GAIL's management guided: FY27 natural gas transmission 126-127 MMSCMD. > “Basically, we are not supplying $30-$32 gas. We are supplying based on a mixture of gas. We are supplying around $15-$16.”
> Management, on the call for July to September 2026

### What management guided

- FY27 gas marketing profit before tax ₹9,000-9,500 crore. - FY28 normalised gas marketing profit before tax ₹4,500-5,000 crore at 100-plus MMSCMD. - Polymer to stay around break-even through FY27. - PDH-PP Usar commissioning 30 Jun 2027 plus/minus 6 months, certain in FY28. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4241-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What to watch in GAIL's next results? When GAIL reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Transmission stake within guided range in H2 - check country recovery sustaining with refinery plus city-gas legs delivering. - What to check (from the call)
- Transmission stake within guided range in H2 - check country recovery sustaining with refinery plus city-gas legs delivering. - Marketing profit before tax pacing toward full-year range - check Brent volatility persisting with spot leverage offsetting softer JCC gains. - Usar plant staying inside scheduled window - check no slip beyond tolerance; grid links commissioning on schedule. ## Which stock lists is GAIL on? GAIL is on 2 of our India lists: Dividend stocks and Oil & gas stocks. - [Dividend stocks Regular dividend yield (%): 3.11](https://www.sectoralpha.in/dividend-stocks-india)
- [Oil & gas stocks Group on the list: Gas pipelines, LNG, city gas and LPG](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is GAIL profitable? GAIL (India) Ltd earned ₹4,724 Cr of net profit in the Sep 2026 quarter, +137.5% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹7,582 Cr. Over 10 years profit has grown 15.0% a year on average. That is 10.0% of the quarter's revenue. The same quarter a year earlier earned ₹1,989 Cr. For the full year, FY26 profit was ₹7,582 Cr (−39.2% on the year before). Why profit moved: revenue changed +32.6% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +33.8% and revenue +10.6%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does GAIL make, and is it growing? GAIL (India) Ltd reported ₹47,139 Cr of revenue in the Sep 2026 quarter, +32.6% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 10 years it has grown 10.5% a year on average. The last full year, FY26, came in at ₹1,41,598 Cr. The last four reported quarters add to ₹1,59,087 Cr. FY26 revenue was ₹1,41,598 Cr, −0.2% on the year before. Recent pace: the last four quarters grew +10.6% on average, against 10.5% a year over the longer run, so this year is growing at about the same pace as its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +10.4%, against +8.1% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +15.0%, against +4.5% a year (accelerating). ## How much of every ₹100 of sales does GAIL keep? GAIL (India) Ltd's operating margin was 15.0% in the Sep 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 5.0% and 16.0%. The latest quarter is within that range. Why the margin moved: operating margin changed +5.1 percentage points on the year while gross margin changed +3.1 points. So the gain came mostly from the gross margin, which means input costs and prices charged. ## Is GAIL's profit turning into cash? Over the last 3 years, 132% of GAIL (India) Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹11,249 Cr of operating cash against ₹7,582 Cr of profit. After ₹10,317 Cr of spending on assets, ₹932 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 132% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle. What to look at next: the bigger use of cash is spending on new assets, at 3.3× depreciation over three years. The next section checks what that spending is building. ## Where does GAIL's cash go? GAIL (India) Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 19 days in FY26, up from 10 days in FY21. It spent ₹37,702 Cr on assets over the last 3 years. Customers take 22 days to pay, and stock sits for 16 days on average. At FY26 sales of ₹1,41,598 Cr, each day of that cycle ties up about ₹388 Cr, so roughly ₹7,371 Cr is tied up in the business at any time. FY26: customers took 22 days to pay and stock sat for 16 days, about 0.5 months of sales sitting as stock, for a full cycle of 19 days, longer than FY21's 10. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 16 days. Customers pay about 22 days after that. Suppliers are paid at 19 days. Together that makes the 19-day cycle. Spending on assets: ₹37,702 Cr over the last 3 years, against ₹11,306 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹24,072 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is GAIL's P/E ratio, and how does it compare with its own history? GAIL (India) Ltd's P/E is 9.5×, near the low end of its own history: it has been lower only 34% of the time. Its usual P/E (the middle reading) is 12.3×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −39.1% while the price moved −0.6%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +12.5% a year; about +6.4% a year came from earnings growth and about +6.1 percentage points from the multiple (the market paying more); over 10 years the price moved +8.6% a year; about +21.4% a year came from earnings growth and about −12.8 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the GAIL business getting better or worse? GAIL (India) Ltd's business is giving mixed signals. Growth has been steadily positive, but ROCE at 14.7% is below the 15% level needed to call it steady growth. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does GAIL earn on its capital? GAIL (India) Ltd earned a ROCE of 10% in FY26. That is up from a low of 8% in FY16. Its return on capital used (ROIC) is 1.6 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 5.4% net margin and 1.01× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 5.4% net margin × 1.01× asset turnover × 1.58× leverage (assets divided by equity) ≈ 8.6% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 10.4% − 12.0% = −1.6 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 10.4% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 6.2%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does GAIL have too much debt? GAIL (India) Ltd has total debt of ₹24,192 Cr against shareholder equity of ₹97,003 Cr as of Sep 2026, so its debt is 0.25× its equity, which is very little. Year by year, that ratio went from 0.14 in FY22 to 0.28 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the GAIL shareholding pattern? Domestic institutions raised their stake in GAIL (India) Ltd by 1.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 17.9% of the company. Foreign institutions moved −0.2 points over the same period, to 16.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +1.0 points over 8 quarters, to 17.9%; Foreign institutions: −0.2 points over 8 quarters, to 16.6%; Promoters: −0.1 points over 8 quarters, to 51.9%. Why the owners changed: domestic institutions drove it (+1.0 points). They raised their stake step by step. ## How far is GAIL from balance-sheet trouble? For GAIL (India) Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does GAIL rank in its industry? 62.4 out of 100, rank 2 of 7 in Gas Distribution, with 100% of the evidence available. GAIL (India) Ltd scores 62.4 out of 100 against the 7 companies it is compared with in Gas Distribution, ranking 2. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 27.9 + 10.1 + 9.9 + 14.5 = 62.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is GAIL compared with? GAIL ranks 2 of 7 Gas Distribution companies on the 4-Factor Sector Score, with 62.4 out of 100. 1. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) PETRONET · breaking out · Most evidence points up · 96% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue -24.8% · Profit 13.4% · Operating margin change 18 points · 88% evidence Capital efficiency 20.8/25 · ROCE 22.6% · Operating margin 28% · 100% evidence Valuation 13.1/20 · P/E 10.3× · PEG 1.3 · 100% evidence Relative strength 20.0/20 · Lead over its industry 11.1% · Lead over NIFTY 500 8% · 1 year 2.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.4 + 20.8 + 13.1 + 20 = 75.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. GAIL (India) Ltd this page GAIL · breaking out · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Revenue 10.4% · Profit 15% · Operating margin change 5 points · 100% evidence Capital efficiency 10.1/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 9.9/20 · P/E 8.7× · PEG 1.79 · 100% evidence Relative strength 14.5/20 · Lead over its industry 8.4% · Lead over NIFTY 500 5.4% · 1 year -8.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 27.9 + 10.1 + 9.9 + 14.5 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ATGL · basing · Evidence leans down · 78% evidence 45.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 23.7% · Profit 2.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.5/25 · ROCE 15.3% · Operating margin 17% · 100% evidence Valuation 3.5/20 · P/E 91.6× · PEG 8.41 · 65% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.9% · 1 year -15.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 14.5 + 3.5 + 8.3 = 45.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) MGL · turning · Evidence leans down · 81% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.1% · Profit -33.4% · Operating margin change -10 points · 88% evidence Capital efficiency 13.1/25 · ROCE 17% · Operating margin 14% · 100% evidence Valuation 12.0/20 · P/E 14.5× · PEG 0.3 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.4% · 1 year -17.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 13.1 + 12 + 9.9 = 44.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Gujarat State Petronet Ltd](https://www.sectoralpha.in/stocks/gujarat-state-petronet-ltd) GSPL · Too little evidence to rank firmly · 55% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/43.75 · Revenue -7.5% · Profit -18.6% · Operating margin change 3 points · 47% evidence Capital efficiency 12.3/31.25 · ROCE 15.2% · Operating margin 16% · 75% evidence Valuation 13.2/25 · P/E 14.4× · PEG 1.27 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.8 + 12.3 + 13.2 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. [Indraprastha Gas Ltd](https://www.sectoralpha.in/stocks/indraprastha-gas-ltd) IGL · basing · Evidence leans down · 100% evidence 41.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 14.7% · Profit -37.6% · Operating margin change -11.6 points · 100% evidence Capital efficiency 12.8/25 · ROCE 17.5% · Operating margin -0.6% · 100% evidence Valuation 14.8/20 · P/E 19.5× · PEG 1.26 · 100% evidence Relative strength 5.3/20 · Lead over its industry -8.9% · Lead over NIFTY 500 -11.5% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 12.8 + 14.8 + 5.3 = 41.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) GUJGASLTD · Too little evidence to rank firmly · 47% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/43.75 · Revenue 3.7% · Profit -10.6% · Operating margin change 0 points · 53% evidence Capital efficiency 18.2/31.25 · ROCE 18.5% · Operating margin 11% · 71% evidence Valuation 14.9/25 · P/E 18.6× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.3 + 18.2 + 14.9 = 52.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Gas Distribution](https://www.sectoralpha.in/sectors/gas-distribution), all 7 compared on one page. ## Which companies are close to GAIL in size? GAIL is the largest of 7 Gas Distribution companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Adani Total Gas, Petronet LNG, Gujarat Gas, Indraprastha Gas, Gujarat State Petronet and Mahanagar Gas. ### Gas Distribution companies close in size

1. GAIL (India) Ltd ₹1,10,402 crore
2. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ₹58,779 crore
3. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) ₹43,425 crore
4. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) ₹33,105 crore
5. [Indraprastha Gas Ltd](https://www.sectoralpha.in/stocks/indraprastha-gas-ltd) ₹19,487 crore
6. [Gujarat State Petronet Ltd](https://www.sectoralpha.in/stocks/gujarat-state-petronet-ltd) ₹15,141 crore
7. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) ₹10,357 crore

[All 7 Gas Distribution companies, largest first](https://www.sectoralpha.in/sectors/gas-distribution#all-companies)

### Companies close in size in other industries

1. [Britannia Industries Ltd](https://www.sectoralpha.in/stocks/britannia-industries-ltd) ₹1,11,763 crore · FMCG - Foods
2. [Cipla Ltd](https://www.sectoralpha.in/stocks/cipla-ltd) ₹1,11,397 crore · Pharma - Formulators
3. GAIL (India) Ltd ₹1,10,402 crore
4. [Tata Power Company Ltd](https://www.sectoralpha.in/stocks/tata-power-company-ltd) ₹1,10,255 crore · Power - Generation/Distribution
5. [Jindal Steel Ltd](https://www.sectoralpha.in/stocks/jindal-steel-ltd) ₹1,08,252 crore · Steel Products

## What else do people ask about GAIL? ### What is GAIL's share price today? GAIL (India) Ltd's share price is ₹181.75, −0.6% over the past year. The whole company is worth ₹1,19,438 Cr on the market. In the last 52 weeks it traded between ₹137 to ₹183; today it is 96% of the way up from the low, 6.9% above its 200-day average (as of 3 November 2026). ### What were GAIL's latest quarterly results? GAIL (India) Ltd reported revenue of ₹47,139 Cr and net profit of ₹4,724 Cr for the Sep 2026 quarter. Revenue rose 32.6% and profit rose 137.5% compared with a year earlier. Earnings per share were ₹7.18. The operating margin was 15.0%, 5.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is GAIL's market cap? GAIL (India) Ltd's market capitalisation is ₹1,19,438 Cr at a share price of ₹181.75. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is GAIL performing? GAIL (India) Ltd's share price has been stalling near its high for 4 weeks. In its latest quarter, revenue rose 32.6% and profit rose 137.5% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will GAIL's share price go up? This page does not forecast GAIL (India) Ltd's share price. What it shows instead: the share price is ₹181.75, and it has been stalling near its high for 4 weeks. Its P/E of 9.5× is higher than 34% of its own last 11 years (as of 3 November 2026). ### Does GAIL have too much debt? No, GAIL (India) Ltd has little debt: its debt is 0.28× its equity, and its operating profit is 12 times its interest bill. FY26 borrowings were ₹24,831 Cr against equity of ₹89,049 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is GAIL in its business cycle? GAIL (India) Ltd's FY26 operating margin was 8.0%, against a 13-year range of 5.0% to 16.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the GAIL story? The main question: the share price moved −0.6% in a year while yearly earnings per share moved −39.1%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is GAIL a stock worth studying right now? What the numbers show: GAIL (India) Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a GAIL share price forecast for 2026? What management itself guided: FY27 natural gas transmission 126-127 MMSCMD. ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

This is research, not advice. We’re not SEBI-registered.