Gujarat Energy Ltd. benchmarking: Performance to industry peers

Financial

	Gujarat Energy	Indraprastha Gas	Mahanagar Gas
Operational Metrics
City Gas
Daily Sales Volume - PNG	5.27 mmscmd	2.62 mmscmd	1.32 mmscmd
Infrastructure
Pipeline Length	45250.0 Km	n/a	n/a
Daily Sales Volume - CNG	3.6 mmscmd	7.07 mmscmd	3.35 mmscmd
Oil Refining
Realization / SCM - Natural Gas	74.77 Rs/SCM	52.4 Rs/SCM	48.57 Rs/SCM
Daily Sales Volume - Natural Gas	8.8 mmscmd	9.69 mmscmd	4.67 mmscmd
Financials
5 yr Average ROE	20.27 %	19.15 %	20.6 %
5yr average Equity Multiplier	1.63	1.49	1.43
5yr Average Asset Turnover Ratio	1.41	0.86	0.93
5yr Avg Net Profit Margin	8.82 %	16.1 %	15.76 %
Price to Book	2.04	1.86	1.75
P/E	18.59	13.77	13.34
5yr Avg Cash Conversion Cycle	2.45 Days	-11.39 Days	-13.12 Days
Inventory Days	1.35 Days	1.73 Days	1.98 Days
Days Receivable	21.81 Days	19.12 Days	15.11 Days
Days Payable	18.78 Days	39.82 Days	30.15 Days
5yr Average Interest Coverage Ratio	25.53	80.54	114.25
5yr Avg ROCE	22.88 %	20.51 %	25.61 %
5yr Avg Operating Profit Margin	14.43 %	19.91 %	23.23 %
5 yr average Debt to Equity	0.06	0.0	0.0
5yr CAGR Net Profit	-2.0 %	7.94 %	5.66 %
5yr Average Return on Assets	12.23 %	12.89 %	14.46 %
Shareholdings
Promoter Holding	60.89 %	45.0 %	32.5 %
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 %	1.74 %	7.01 %

	Gujarat Energy	Indraprastha Gas	Mahanagar 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 PNG 0	Product Wise Break-Up Industrial PNG 0 Compressed Natural Gas (CNG) 74.45 Piped Natural Gas (PNG) 25.53 PNG 0 Commercial PNG 0 Domestic PNG 0 CNG 0 City Gas 0 Others 0.02	Product Wise Break-Up Industrial PNG 0 Compressed Natural Gas (CNG) 0 Piped Natural Gas (PNG) 0 PNG 27.32 Commercial PNG 0 Domestic PNG 0 CNG 72.42 City Gas 0 Others 0.26
Segment Break-Up	Segment Break-Up City Gas Distribution 49.31 Gas 48.07 Power 1.03 Exploration 0.29 Gas Transmission 0 Natural Gas 0 Others 1.3	-	-
Location Wise Break-Up	Location Wise Break-Up India 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 NCR 100.0	Location Wise Break-Up Rest of the World 0 India 100.0
Operating Profit Break-Up	Operating Profit Break-Up Others 100	-	-
Customer Segment	Customer Segment Industrial & Commercial 70.1 Retail 29.9 Industrial PNG 0 Commercial PNG 0 Domestic PNG 0 CNG 0	-	Customer Segment Industrial PNG 11.95 Industrial & Commercial 0 Retail 0 Commercial PNG 3.44 Domestic PNG 12.94 CNG 71.67
Asset Break-Up - Geography Wise	Asset Break-Up - Geography Wise India 100.0	-	Asset Break-Up - Geography Wise India 100.0