Gagan Gases quarterly results and financials

Gagan Gases (BSE 524624)₹18.90+3.56%(9 Nov 2026 close)Industrial Gases

Key facts

In the Mar 2026 quarter (standalone), Gagan Gases reported sales of ₹1.82 Cr, up 71.7% from Mar 2025, and net profit of ₹0.12 Cr, up 20.0% year on year. For the year to Mar 2026, sales were ₹6.06 Cr and net profit ₹0.13 Cr.

Sales (Mar 2026): ₹1.82 Cr
Net profit (Mar 2026): ₹0.12 Cr
Sales (FY Mar 2026): ₹6.06 Cr
Net profit (FY Mar 2026): ₹0.13 Cr
EPS (Mar 2026): ₹0.30
Borrowings (Mar 2026): ₹0.38 Cr

Company filings, standalone accounts; latest reported quarter Mar 2026

Gagan Gases quarterly results

₹ crore unless stated; each column is a quarter.

Gagan Gases Quarterly results
	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	0.35	0.56	0.61	0.65	1.35	1.44	1.87	1.06	0.87	1.66	1.72	1.82
Expenses	0.38	0.49	0.51	0.55	1.33	1.32	1.73	0.92	0.90	1.63	1.60	1.64
Operating Profit	−0.06	0.06	0.09	0.09	0.00	0.11	0.13	0.13	−0.06	0.02	0.11	0.17
OPM %	−14.6%	9.2%	13.4%	12.6%	0.0%	7.1%	6.5%	11.5%	−5.8%	0.6%	5.9%	8.9%
Other Income	0.00	0.00	0.00	0.04	0.00	0.00	0.00	0.12	0.00	0.00	0.00	0.07
Interest	0.00	0.00	0.00	0.03	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.02
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02
Profit before tax	−0.08	0.04	0.07	0.06	−0.03	0.09	0.11	0.19	−0.08	−0.02	0.09	0.19
Tax %	0.0%	0.0%	0.0%	60.0%	0.0%	0.0%	10.1%	39.0%	0.0%	0.0%	0.0%	27.8%
Net Profit	−0.05	0.03	0.06	0.01	0.00	0.07	0.08	0.10	−0.06	0.00	0.07	0.12
EPS (Rs)	−0.14	0.10	0.16	0.05	−0.03	0.19	0.21	0.25	−0.16	−0.03	0.19	0.30

Gagan Gases profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Gagan Gases Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1.16	0.59	0.49	0.58	1.26	2.18	2.91	2.22	2.14	5.71	6.06	6.07
Expenses	1.00	0.38	0.43	0.37	1.14	1.88	2.51	1.99	1.95	5.33	5.80	5.77
Operating Profit	0.15	0.20	0.05	0.20	0.11	0.29	0.39	0.22	0.18	0.35	0.22	0.24
OPM %	12.3%	32.9%	8.4%	33.4%	8.1%	13.0%	13.2%	9.6%	8.1%	6.0%	3.5%	4.0%
Other Income	0.09	0.02	0.02	0.03	0.03	0.03	0.02	2.37	0.04	0.12	0.07	0.07
Interest	0.00	0.00	0.00	0.00	0.00	0.06	0.04	0.04	0.03	0.02	0.02	0.02
Depreciation	0.08	0.07	0.07	0.06	0.07	0.08	0.08	0.08	0.08	0.08	0.07	0.11
Profit before tax	0.15	0.14	−0.02	0.17	0.06	0.17	0.28	2.46	0.10	0.36	0.19	0.18
Tax %	14.4%	15.5%	−99.9%	12.6%	0.0%	81.3%	81.5%	24.2%	33.4%	25.8%	27.8%	—
Exceptional items	0.02	0.00	0.00	0.00	0.00	0.00	0.00	1.74	0.00	0.00	0.00	—
Net Profit	0.11	0.10	0.00	0.13	0.04	0.02	0.05	1.86	0.05	0.26	0.13	0.13
EPS (Rs)	0.28	0.25	0.00	0.32	0.12	0.08	0.14	4.15	0.14	0.61	0.32	0.30
Dividend payout %	0.0%	0.0%	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Gagan Gases balance sheet

₹ crore, at each year end.

Gagan Gases Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	4.51	4.51	4.51	4.51	4.51	4.51	4.52	4.51	4.52	4.51	4.51	4.51
Reserves	−3.72	−3.59	−3.48	−3.48	−3.34	−3.29	−3.46	−3.41	−1.54	−1.48	−1.22	−1.08
Borrowings	0.44	0.12	0.00	0.08	0.01	0.32	0.64	0.47	0.36	0.38	0.38	0.38
Other Liabilities	0.22	0.24	0.23	0.21	0.24	0.24	0.29	0.35	0.79	0.20	0.20	0.23
Total Liabilities	1.45	1.28	1.26	1.32	1.42	1.78	1.99	1.92	4.13	3.61	3.87	4.04
Fixed Assets	0.95	0.87	0.80	0.74	0.69	0.71	0.92	0.85	0.66	0.59	0.53	0.47
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.13	0.00	0.00	0.00	2.35	2.26	2.44	0.00
Other Assets	0.50	0.41	0.46	0.58	0.60	1.07	1.07	1.07	1.12	0.76	0.90	3.57
Inventories	0.02	0.00	0.00	0.00	0.00	0.09	0.10	0.39	0.14	0.16	0.00	0.10
Trade receivables	0.18	0.15	0.15	0.15	0.18	0.47	0.50	0.37	0.21	0.20	0.27	0.56
Cash & equivalents	0.13	0.07	0.10	0.21	0.18	0.23	0.32	0.21	0.16	0.35	0.51	0.41
Total Assets	1.45	1.28	1.26	1.32	1.42	1.78	1.99	1.92	4.13	3.61	3.87	4.04

Gagan Gases cash flow

₹ crore, for each year.

Gagan Gases Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	0.30	0.24	0.17	0.04	0.17	−0.29	0.29	0.12	−0.04	0.10	0.27	−0.14
Cash from investing activity	0.00	0.01	0.00	0.00	−0.12	0.03	0.00	0.00	0.12	0.11	−0.06	0.05
Cash from financing activity	−0.26	−0.32	−0.14	0.08	−0.07	0.30	−0.21	−0.24	−0.16	−0.03	−0.04	−0.04
Net cash flow	0.03	−0.05	0.02	0.10	−0.02	0.04	0.08	−0.11	−0.04	0.19	0.15	−0.09
Capex	0.00	0.00	0.00	0.00	0.00	0.08	0.05	0.00	0.00	0.00	0.02	0.00
Free cash flow	0.30	0.26	0.17	0.04	0.17	−0.36	0.25	0.12	0.10	0.10	0.26	−0.13
CFO / OP %	375.1%	186.0%	100.1%	75.1%	100.1%	−270.0%	111.1%	53.1%	271.1%	71.0%	103.1%	−33.0%

Gagan Gases ratios

Working-capital days and returns, by year.

Gagan Gases Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	44	51	101	122	122	140	86	48	36	36	18	34
Inventory days	3	0	0	—	—	45	22	66	33	42	0	7
Days payable	2	—	—	—	—	5	0	0	2	5	—	0
Cash conversion cycle	44	51	101	122	122	179	108	114	67	72	18	40
Working capital days	7	−6	88	122	109	161	89	91	41	48	16	180
ROCE %	7.5%	11.1%	13.1%	−0.9%	13.6%	4.3%	13.9%	19.3%	8.0%	3.8%	10.6%	5.5%

Gagan Gases: frequently asked questions

What are the latest quarterly results of Gagan Gases?

For the Mar 2026 quarter, Gagan Gases reported sales of ₹1.82 Cr, up 71.7% year on year and net profit of ₹0.12 Cr, up 20.0% year on year. The operating margin was 8.9%.

What is the annual revenue of Gagan Gases?

Gagan Gases' sales for the year to Mar 2026 were ₹6.06 Cr; over the last twelve months they were ₹6.07 Cr.

What is the net profit of Gagan Gases?

Net profit for the year to Mar 2026 was ₹0.13 Cr, and ₹0.13 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.30.

How much debt does Gagan Gases have?

Gagan Gases reported borrowings of ₹0.38 Cr at Mar 2026, against cash and equivalents of ₹0.41 Cr.

What is the free cash flow of Gagan Gases?

Cash from operations was −₹0.14 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹0.13 Cr.

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