Gagan Gases Ltd.

BSE: GAGAN524624ISIN INE076D01016

Commodities
Industrial Gases

Share price

₹18.90-0.50 (-2.58%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹37.69
52W low: ₹11.90
Off 52W high: -49.85%
1M return: +3.73%
3M return: -3.08%
6M return: +45.95%
1Y return: -22.00%
20D avg volume: 880
50 DMA: ₹19.52
200 DMA: ₹20.22

Key ratios Standalone

Market cap: ₹8.54 Cr
Current price: ₹18.90
52W high / low: ₹37.69 / ₹11.90
Face value: ₹10.00
P/E: 31.50
P/B: 2.75
EPS (TTM): ₹0.60
Book value / share: ₹6.87
ROE: 8.78%
ROCE: 5.40%
Operating margin: 4.82%
Net margin: 2.70%
Debt / equity: 0.11
Net debt: ₹-0.01 Cr
Interest cover: 7.00
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 38.7 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	0.70	0.53	1.81	1.71	1.65	0.86	1.05	1.86	1.43	1.34	—
	0.00	0.00	0.06	0.00	0.00	0.00	0.11	—	—	0.00	—
	0.70	0.53	1.87	1.71	1.65	0.86	1.16	1.86	1.43	1.34	—
	0.69	0.49	1.69	1.63	1.65	0.93	0.98	1.76	1.35	1.36	—
	0.50	0.25	1.45	1.39	1.39	0.66	0.77	1.56	1.20	1.10	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.12	0.12	0.13	0.12	0.12	0.11	0.08	0.09	0.09	0.09	—
	0.00	0.00	0.03	0.00	0.00	0.00	0.03	—	—	0.00	—
	0.01	0.01	0.01	0.02	0.02	0.02	0.02	0.01	0.01	0.01	—
	0.06	0.11	0.07	0.11	0.13	0.15	0.09	0.09	0.08	0.14	—
	0.02	0.04	0.18	0.08	-0.01	-0.07	0.18	0.10	0.08	-0.01	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.02	0.04	0.18	0.08	-0.01	-0.07	0.18	0.10	0.08	-0.01	—
	0.00	0.00	0.05	0.00	0.00	0.00	0.07	0.01	0.01	—	—
	0.02	0.04	0.13	0.08	-0.01	-0.07	0.11	0.09	0.08	-0.01	—
	0.04	0.09	0.30	0.18	-0.01	-0.15	0.25	0.20	0.17	-0.03	—
Key metrics
	0.03	0.05	0.22	0.10	0.01	-0.05	0.23	0.11	0.09	0.00	—
	4.30%	9.40%	12.20%	5.80%	0.60%	-5.80%	21.90%	5.90%	6.30%	0.00%	—
	2.90%	7.50%	7.20%	4.70%	-0.60%	-8.10%	10.50%	4.80%	5.60%	-0.70%	—
	0.50%	—	5.40%	—	-0.30%	—	5.60%	—	—	—	—
	-57.60%	-38.40%	72.40%	-8.10%	15.40%	-35.80%	—	—	—	—	—
	300.00%	157.10%	18.20%	-11.10%	-112.50%	-600.00%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	4.75	6.03	5.69	—
	0.06	0.06	0.11	—
	4.81	6.09	5.80	—
	4.50	5.90	5.45	—
	3.59	4.89	4.60	—
	0.00	0.00	0.00	—
	0.49	0.47	0.35	—
	0.03	0.03	0.03	—
	0.05	0.06	0.07	—
	0.35	0.46	0.40	—
	0.32	0.18	0.35	—
	0.00	0.00	0.00	—
	0.32	0.18	0.35	—
	0.05	0.05	0.08	—
	0.27	0.14	0.27	—
	0.61	0.31	0.59	—
Key metrics
	0.40	0.27	0.45	—
	8.42%	4.50%	7.90%	—
	5.68%	2.30%	4.70%	—
	—	5.40%	10.10%	—
	-12.36%	6.00%	—	—
	125.00%	-48.10%	—	—
	—	-0.13	0.26	—
	—	-0.93	0.96	—
	—	0.11	0.12	—
	—	-0.01	-0.11	—
	—	38.7	18.0	—
Balance sheet
	—	4.06	3.90	—
	—	3.54	3.33	—
	—	0.40	0.50	—
	—	0.57	0.28	—
	—	0.09	0.00	—
	—	—	0.00	—
	—	0.48	0.54	—
	—	0.02	0.00	—
	—	0.16	0.13	—
	—	0.39	0.39	—
	—	0.00	0.00	—
	—	0.39	0.39	—
	—	3.45	3.31	—
Cash flow
	—	-0.13	0.26	—
	—	0.06	-0.07	—
	—	-0.03	-0.03	—
	—	0.00	0.00	—

Compounded growth

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -12.36%
Profit YoY (TTM): +125.00%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 39.68%

Quarter	September 2026	June 2026
Promoter %	39.68%	38.76%

Holder	Type	Holding	Previous	Change
Reekay Seamless Equipments & Solutions Private Limited	Public	14.20%	14.20%	0.00%
Gagan Investment Private Limited	Promoter Group	9.90%	9.90%	0.00%
Gagan Maheshwary	Promoter	9.20%	8.27%	+0.93%
Kul Rattan Maheshwary	Promoter	7.58%	7.58%	0.00%
Richa Maheshwary	Promoter	4.41%	4.41%	0.00%
Rekha Maheshwary	Promoter	4.32%	4.32%	0.00%
Rajesh Vij	Promoter	1.72%	1.72%	0.00%
Renu Vij	Promoter	1.62%	1.62%	0.00%
Dipak Kanayalal Shah	Public	1.33%	1.26%	+0.07%
Nand Gopal Biyani	Promoter	0.82%	0.82%	0.00%
Ankit Vij	Promoter	0.11%	0.12%	-0.01%
Roshan Lal Chhabra	Promoter	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Linde India Limited	54,544	6,395.55	110.37	15.10%	+13.26% TTM	-3.66% TTM	+6.76%
ELLENBARRIE INDUSTRIAL GASES LIMITED S	4,909	348.35	40.70	13.00%	—	—	-24.02%
Steamhouse India Limited	3,687	133.40	—	—	+24.40% FY26	+24.01% FY26	—
Stallion India Fluorochemicals Limited S	2,310	199.00	44.42	8.80%	—	—	—
Hilltone Software and Gases Ltd S	53	40.48	-79.37	0.60%	—	—	-46.46%
National Oxygen Ltd. S	28	56.48	16.76	17.90%	-51.00% TTM	+122.28% TTM	-45.48%
Bhagawati Gas Limited S	16	9.63	16.05	6.70%	-63.04% TTM	+270.37% TTM	—
Gagan Gases Ltd. S	9	18.90	31.50	5.40%	-12.36% TTM	+125.00% TTM	-22.00%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

We are hereby enclosing the newspaper publication of financial results for the quarter ended 30.09.202619 Oct 2026 · Company Update / Newspaper Publication
We are enclosing herewith the unaudited financial results for the quarter ended 30.09.202617 Oct 2026 · Result / Financial Results
We are enclosing herewith the following: (i) Un-audited Financial Results for the quarter and half year ended 30th September, 2026. (ii) Limited Review Report on the result issued by ....17 Oct 2026 · Board Meeting / Outcome of Board Meeting
Gagan Gases Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2026 ,inter alia, to consider and approve the Unaudited financial results ....8 Oct 2026 · Board Meeting / Board Meeting
We are enclosing the Compliance certificate under regulation 74(5) of SEBI for the quarter ended 30.09.2026.8 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are enclosing Scrutinizer report and Voting results for the AGM held on 26.09.2026.26 Sep 2026 · AGM/EGM / AGM
We wish to inform that the trading window of the company shall remain closed from Thursday, 1st October, 2026 till the end of forty-eight hours from the date of declaration of quarterly ....26 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
We are enclosing herewith outcome of 40th AGM of the company held on 26th September, 2026 at 10:00A.M. and concluded at 11.50 A.M.26 Sep 2026 · Company Update / Meeting Updates
We are enclosing herewith the outcome of 40th AGM of the company held on 26th September, 2026 at 10:00 A.M. and concluded at 11.50 A.M.26 Sep 2026 · AGM/EGM / AGM
We are Enclosing herewith copy of Agenda & Annual Report for the year ending 31.03.2026.26 Aug 2026 · Others / Reg. 34 (1) Annual Report
We wish to inform that 40th AGM of the members of the company held on 26th September, 2026 at the registered office of the company at 10:00 A.M.11 Aug 2026 · AGM/EGM / AGM
We are enclosing here with the newspaper publication of notice of AGM held on 26th September , 2026 at the registered office of the company at 10:00 A.M.11 Aug 2026 · Company Update / Newspaper Publication
We are enclosing herewith the newspaper publication for the quarterly results ended as on 30.06.2026.11 Aug 2026 · Company Update / Newspaper Publication
We wish to inform that the Share Transfer Book and Register of the members of the company will remain closed from 19.09.2026 to 26.09.2026 (both days inclusive) for the purpose of the AGM.10 Aug 2026 · Corp. Action / Book Closure
We wish to inform that the 40th Annual general meeting of the member of the company will be held on 26th September, 2026 at the registered office of the company at 10:00 A.M.10 Aug 2026 · AGM/EGM / AGM
We are enclosing 1. (i) Un-audited Financial Results for the quarter ended on 30th June, 2026. (ii) Limited Review Report on the result issued by the Auditor of the Company for the quarter ....10 Aug 2026 · Board Meeting / Outcome of Board Meeting
We are enclosing 1. (i) Un-audited Financial Results for the quarter ended on 30th June, 2026. (ii) Limited Review Report on the result issued by the Auditor of the Company for the quarter ....10 Aug 2026 · Board Meeting / Outcome of Board Meeting
We are enclosing unaudited results for the quarter ended 30th June, 2026.10 Aug 2026 · Result / Financial Results
Gagan Gases Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/08/2026 ,inter alia, to consider and approve 1. To take on record the Unaudited ....21 Jul 2026 · Board Meeting / Board Meeting
We enclosing herewith the certificate under Regulation 74(5) of SEBI for the quarter ended 30.06.2026.10 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
We are enclosing the details of the closure of trading window for the purpose of declaration of unaudited quarterly results for the quarter ended 30.06.2026.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
we are enclosing herewith the newspaper publication of audited results for the year ended 31.03.2026.1 Jun 2026 · Company Update / Newspaper Publication
We are enclosing audited results for the quarter and year ended 31st march, 2026.30 May 2026 · Result / Financial Results
We wish to inform you that the Board of Directors at its meeting held on 30th May,2026 , which commenced at 2:00 P.M. and concluded at 2:40 P.M. considered and approved the Audited Financial ....30 May 2026 · Board Meeting / Outcome of Board Meeting
Gagan Gases Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve Audited financial results for the ....9 May 2026 · Board Meeting / Board Meeting
Intimation of death of Mr. Roshan Lal Chabbra, promoter group under regulation 30 and 31A of SEBI.8 May 2026 · Company Update / Demise
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....6 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
We are enclosing certificate regarding non applicability of Regulation 24(A) on our company.6 Apr 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
We are enclosing certificate under regulation 74(5) received from M/s MUFG Intime India Pvt Ltd for quarter ended 31st March,2026.6 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ankit Vij6 Apr 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
This is to inform that trading window shall remain closed from 01.04.2026 till the end of forty eight hours from the date of declaration of quarterly results and annual audited financial ....25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
We are herewith enclosing copy of quarterly results ended 31.12.2025 published in newspaper.29 Jan 2026 · Company Update / Newspaper Publication
We are enclosing Unaudited results for quarter and nine month ended on 31.12.202528 Jan 2026 · Result / Financial Results
We wish to inform you that the Board of Directors at its meeting held on 28th January, 2026 , which commenced at 2 P.M. and concluded at 2.40 P.M. considered and approved the Un-audited ....28 Jan 2026 · Board Meeting / Outcome of Board Meeting
Gagan Gases Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/01/2026 ,inter alia, to consider and approve 1. To take on record the unaudited ....19 Jan 2026 · Board Meeting / Board Meeting
We are submitting compliance certificate under regulation 74(5) of SEBI for quarter ended 31.12.2025.10 Jan 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
This is to inform that the trading window shall remain closed from 1st January,2026 till the end of forty eight hours from the date of declaration of quarterly results for the third quarter ....23 Dec 2025 · Insider Trading / SAST / Closure of Trading Window
We are enclosing herewith the Newspaper publication for quarterly results as on 30.09.2025.10 Nov 2025 · Company Update / Newspaper Publication
We are enclosing here with the quarterly result for the quarter ended on 30th september,2025.8 Nov 2025 · Result / Financial Results
We are enclosing Outcome of Board Meeting & Unaudited financial results for quarter ended on 30th September 2025.8 Nov 2025 · Board Meeting / Outcome of Board Meeting

Board meetings

17 Oct 2026 Board Meeting - Financial Results
10 Aug 2026 Board Meeting - Financial Results