Gujarat Energy Ltd. benchmarking: Performance to industry peers

Financial

	Gujarat Energy	Adani Total Gas	Indraprastha Gas
Operational Metrics
City Gas
Daily Sales Volume - PNG	4.93 mmscmd	0.99 mmscmd	2.4 mmscmd
Infrastructure
Pipeline Length	44540.0 Km	n/a	n/a
Daily Sales Volume - CNG	3.45 mmscmd	2.22 mmscmd	7.12 mmscmd
Oil Refining
Realization / SCM - Natural Gas	51.31 Rs/SCM	57.1 Rs/SCM	51.73 Rs/SCM
Daily Sales Volume - Natural Gas	8.37 mmscmd	3.21 mmscmd	9.31 mmscmd
Financials
5 yr Average ROE	20.27 %	19.56 %	19.15 %
5yr average Equity Multiplier	1.63	1.81	1.49
5yr Average Asset Turnover Ratio	1.41	0.67	0.86
5yr Avg Net Profit Margin	8.82 %	16.91 %	16.1 %
Price to Book	5.62	14.76	1.89
P/E	42.03	109.52	15.95
5yr Avg Cash Conversion Cycle	2.45 Days	-0.55 Days	-11.39 Days
Inventory Days	1.35 Days	7.57 Days	1.73 Days
Days Receivable	21.81 Days	28.12 Days	19.12 Days
Days Payable	18.78 Days	35.65 Days	39.82 Days
5yr Average Interest Coverage Ratio	25.53	11.92	80.54
5yr Avg ROCE	22.88 %	22.56 %	20.51 %
5yr Avg Operating Profit Margin	14.43 %	26.83 %	19.91 %
5 yr average Debt to Equity	0.06	0.39	0.0
5yr CAGR Net Profit	-2.0 %	7.17 %	7.94 %
5yr Average Return on Assets	12.23 %	10.87 %	12.89 %
Shareholdings
Promoter Holding	60.89 %	74.8 %	45.0 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	-1.96 %	0.03 %	1.74 %

	Gujarat Energy	Adani Total Gas	Indraprastha Gas
Product Wise Break-Up	Product Wise Break-Up Industrial PNG 68.4 CNG 21.8 Domestic PNG 8.1 Commercial PNG 1.7 City Gas 0 Piped Natural Gas (PNG) 0 Compressed Natural Gas (CNG) 0	-	Product Wise Break-Up Industrial PNG 0 Domestic PNG 0 Piped Natural Gas (PNG) 23.84 CNG 0 Compressed Natural Gas (CNG) 76.14 City Gas 0 Commercial PNG 0 Others 0.02
Segment Break-Up	Segment Break-Up Natural Gas 100.0	Segment Break-Up Natural Gas 100.0	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0 Khurja 0 Vadodra 0 Faridabad 0 Ahmedabad 0	Location Wise Break-Up Rest of the World 0 Faridabad 21.0 Khurja 0 Vadodra 5.0 India 0 Ahmedabad 36.0 Others 38.0	Location Wise Break-Up Rest of the World 0 Faridabad 0 Khurja 0 Vadodra 0 NCR 100.0 Ahmedabad 0
Customer Segment	Customer Segment Industrial & Commercial 70.1 Retail 29.9 PNG Commercial 0 PNG Domestic 0 PNG Industrial 0 CNG 0	Customer Segment Domestic PNG 6.0 Industrial PNG 41.0 Industrial & Commercial 0 CNG 48.0 Retail 0 Commercial PNG 4.0 Others 1.0	-
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	-	-