GAGAN

Gagan Gases financials

Market cap
₹8 Cr

Quarterly results

Q1 FY27: revenue down 38.4%, net profit up 157.1% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue1 2 1 1 2 +15%2 −8%2 +72%1 −38%
EBITDA0 0 0 -0 0 −90%0 −17%0 +33%0 +200%
Net profit0 0 0 -0 -0 −112%0 −11%0 +18%0 +157%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −26.5% 1Y

₹15.0₹20.0₹25.0₹30.0₹35.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹27.17 on 9 Sept 2025 → ₹19.97. High ₹35.97 (17 Mar 2026), low ₹12.46 (22 Apr 2026).

Financials, as filed

Revenue grew 68.3% a year over 2 years, FY24 to FY26. Operating margin narrowed to 3.6%.

Year endingFY24FY25FY26
Revenue₹2 Cr₹6 Cr₹6 Cr
Operating profit₹0 Cr₹0 Cr₹0 Cr
Operating margin7.5%6.0%3.6%
Interest₹0 Cr₹0 Cr₹0 Cr
Depreciation₹0 Cr₹0 Cr₹0 Cr
Net profit₹0 Cr₹0 Cr₹0 Cr
Net margin3.3%4.8%2.2%
Cash from operations₹0 Cr₹0 Cr₹-0 Cr
Free cash flow₹0 Cr₹0 Cr₹-0 Cr
ROCE3.8%10.6%5.6%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr₹5 Cr
Reserves₹-3 Cr₹-3 Cr₹-2 Cr₹-1 Cr₹-1 Cr₹-1 Cr
Borrowings₹1 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other liabilities₹0 Cr₹0 Cr₹1 Cr₹0 Cr₹0 Cr₹0 Cr
Total liabilities₹2 Cr₹2 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
Fixed assets₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹0 Cr
Capital work in progress₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Investments₹0 Cr₹0 Cr₹2 Cr₹2 Cr₹0 Cr₹2 Cr
Other assets₹1 Cr₹1 Cr₹1 Cr₹1 Cr₹3 Cr₹1 Cr
Total assets₹2 Cr₹2 Cr₹4 Cr₹4 Cr₹4 Cr₹4 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +0.14 pp while promoters trimmed −0.13 pp. The shareholder count grew 2% to 8,752.

Promoters
38.8%
DIIs
0.0%
Public
61.2%

Since Jun 2025

  • Public +0.14 pp
  • Promoters −0.13 pp
  • DIIs 0.00 pp

How it drifted, 12 quarters

Over this window promoters went from 36.5% to 38.8% — +2.2 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 36.5%, DIIs 0.1%, Public 63.4%.Dec '23: Promoters 36.7%, DIIs 0.1%, Public 63.2%.Mar '24: Promoters 36.9%, DIIs 0.0%, Public 63.0%.Jun '24: Promoters 37.8%, DIIs 0.0%, Public 62.2%.Sep '24: Promoters 38.4%, DIIs 0.0%, Public 61.6%.Dec '24: Promoters 38.6%, DIIs 0.0%, Public 61.4%.Mar '25: Promoters 38.8%, DIIs 0.0%, Public 61.2%.Jun '25: Promoters 38.9%, DIIs 0.0%, Public 61.1%.Sep '25: Promoters 39.0%, DIIs 0.0%, Public 61.0%.Dec '25: Promoters 39.0%, DIIs 0.0%, Public 61.0%.Mar '26: Promoters 38.8%, DIIs 0.0%, Public 61.2%.Jun '26: Promoters 38.8%, DIIs 0.0%, Public 61.2%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Gagan Gases Ltd. above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Reekay Seamless Equipments & Solutions Private Limited 14.20%unchanged
Gagan Investment Private Limited 9.90%unchanged
Gagan Maheshwary 8.27%unchanged
Kul Rattan Maheshwary 7.58%unchanged
Richa Maheshwary 4.41%unchanged
Rekha Maheshwary 4.32%unchanged
Rajesh Vij 1.72%unchanged
Renu Vij 1.62%unchanged
Dipak Kanayalal Shah 1.26%unchanged
Nand Gopal Biyani 0.82%unchanged
Ankit Vij 0.12%unchanged
Roshan Lal Chhabra 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Gagan Gases Ltd.

Guides on how to read this kind of business and the numbers that matter.