Valuation
Company Industry Analyst Rating MktCap
(US$bn)
Price Target
Price
Up/
down (%)
CORE EPS EPS Growth (%) PER (x) P/Bk (x) EV/EBITDA (x) Yield (%) ROAE (%)
FY24 FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY26F FY25F FY25F FY25F
Adani Power Ltd Power Ishan VERMA ADD 25.0 555 649 16.9% 54.0 33.1 35.9 (0.4%) 0.1% 16.80 15.47 3.80 3.05 11.63 0.00% 25.6%
GAIL India Gas Transmission & Dist Pratyush KAMAL ADD 14.7 191 261 36.4% 15.1 16.8 19.1 11.2% 13.7% 11.41 10.03 1.50 1.36 8.97 3.51% 11.6%
Gujarat Gas Gas Transmission & Dist Pratyush KAMAL ADD 3.9 480 642 33.8% 16.6 21.9 34.9 31.9% 59.3% 21.91 13.75 3.75 3.06 12.83 1.25% 18.2%
Indraprastha Gas Gas Transmission & Dist Pratyush KAMAL REDUCE 3.4 211 419 98.9% 28.3 29.3 25.7 3.5% (12.4%) 7.18 8.20 1.29 1.13 3.93 1.71% 19.4%
Mahanagar Gas Gas Transmission & Dist Pratyush KAMAL REDUCE 1.5 1,330 1,397 5.1% 129.2 117.3 108.3 (9.3%) (7.6%) 11.34 12.28 2.15 1.95 7.11 0.38% 20.0%
NTPC Ltd Power Ishan VERMA ADD 37.7 333 385 15.7% 16.1 19.8 20.8 23.0% 5.2% 16.85 16.01 2.00 1.87 10.66 2.45% 12.3%
Petronet LNG Gas Transmission & Dist Pratyush KAMAL ADD 5.4 306 519 69.6% 21.7 28.8 40.5 32.5% 40.8% 10.63 7.55 2.48 2.01 7.91 3.60% 24.1%