Technology

Gujarat Gas (GUJGA) is engaged in Natural Gas Business in India. Natural gas business involves distribution of gas from sources of supply to centres of demand and to the end customers. On the financial health front, the company is reducing its debt year after year and currently stands at 1.1x. Simultaneously interest coverage ratio is alos increasing and stands at 3.9x as of FY19. Currently, the stock trades at 11.9x EV/EBITDA and delivers 18.7% RoCE. Considering all the positing operational factors, we recommend BUY on the stock.

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