Gail (india) Limited · NSE:GAIL
Gail (india) — Investor Presentation (May 2026)
47 slides from Gail (india)'s investor presentation, May 22, 2026
Slide 1: Exchange filing cover letter
ND/GAIL/SECTT/2026 22.05.2026 Listing Compliance Listing Compliance National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor, Plot No. C/1 Floor 1, Phiroze Jeejeebhoy G Block, Bandra-Kurla Complex Towers, Dalal Street Bandra (East) Mumbai – 400051 Mumbai – 400001 Scrip Code: GA
Slide 2: Copy to
Copy to: 1 Deutsche Bank AG The Capital, 14th Floor C-70, G Block, Bandra Kurla Complex Mumbai -400051 2 Beacon Trusteeship Limited 4C and D Siddhivinayak Chambers, Gandhi Nagar, Opposite MIG Cricket club, Bandra East, Mumbai -400051
Slide 3: Investors' & Analysts' Presentation FY 2025-26
GAIL (India) Limited Investors' & Analysts' Presentation FY 2025-26 Energizing Possibilities … 22nd May 2026
Slide 4: Safe Harbour Statement
Safe Harbour Statement This presentation has been prepared by GAIL (India) Ltd (Company or GAIL) solely for providing information about the Company. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on histori
Slide 5: Presentation Plan
Presentation Plan 1 GAIL: The Big Picture 2 Business Landscape 3 Financial Performance Highlights 4 Strategic Investments & Growth Roadmap 5 Industry Outlook & Strategic Direction ENERGIZING POSSIBILITIES…
Slide 6: Committed Leadership
Committed Leadership Shri Deepak Gupta- Chairman & Managing Director, and Director (Projects) Shri Deepak Gupta, a Mechanical Engineer from Delhi College of Engineering, brings over 35 years of extensive experience across the oil & gas value chain, combining strong technical depth with strategic and
Slide 7: Committed Leadership
Committed Leadership Shri Sanjay Kumar - Director (Marketing) Shri Sanjay Kumar, Director (Marketing), with 35+ years of experience across the gas and LNG value chain, brings deep cross-functional expertise spanning marketing, LNG trading, transmission, and operations. He has been instrumental in bu
Slide 8: GAIL: The Big Picture
GAIL The Big Picture
Slide 9: GAIL's Business Portfolio
GAIL’s Business Portfolio NG Marketing NG Transmission Petrochemicals • PE & PP 870 KTA • LNG Portfolio ~16.56 MMTPA • 18,000+ KM Pipeline Network • ~15% share in Domestic • Domestic Market Share • Market Share~65% Market (RLNG) ~48% • 280 KTA at BCPL LHC Renewables E& P and CGD • 4 Processing Units
Slide 10: GAIL Group Structure
GAIL Group Structure Subsidiaries Other JVs/Associates City Gas JVs/Associates Overseas Domestic Overseas Domestic Overseas Domestic Coal Gas India Aavantika Gas Limited Bengal Gas Company LLC Bharat China Gas Limited GAIL Global Limited Energy Office Holdings (Singapore) Bhagyanagar Gas Indradhanus
Slide 11: Shareholding Profile & Market Standing
Shareholding Profile & Market Standing % Shareholding Key Market Metrics 10% President of India’s Share 51.52% Average Share Price FY’26 Rs 176 13% Share Price as on 30.03.2026 Rs 137.71 Average Market Capitalization ( BSE-FY 2025- ~Rs 1,15,735 Cr 8% 52% 26) Listed at NSE/BSE/ GDRs on LSE 10% Divide
Slide 12: Return to Shareholders
Return to Shareholders Bonus Share Issuance Buyback (Rs./Crores) Dividend Payout on accrual basis 60 Mar’17 Bonus 1:3 49.61 51.90 50 42.84 43.59 40.92 40 Bonus 1:3 Mar’18 30 20 10 7.5 Bonus 1:1 10 4 5.5 5.5 Jul’19 0 2021-22 2022-23 2023-24 2024-25 2025-26 Bonus 1:2 Sep’22 Dividend Payout Dividend Pe
Slide 13: Credit Ratings
Credit Ratings International Domestic Baa3 (Stable)* ‘AAA’ Stable BBB- (Stable)* * Capped to India’s Sovereign Rating ENERGIZING POSSIBILITIES…
Slide 14: Awards & Accolades
Awards & Accolades Scope Eminence Best Investor Awards Relations Program • Corporate India (overall) Governance Extel 2025 Asia • Corporate Social Executive Team Responsibility & Survey Responsiveness 5th PSU PNGRB Excellence Transformation Award 2025 Awards Gas Transporter of Best performing PSU th
Slide 15: ESG
ESG Environmental Social Governance • HSE Score of 96.78% for • Net Zero strategy aims to • More than 25 Lakh people FY 2025-26 against an achieve 100% reduction in benefitted through GAIL’s internal target of 96.37% Scope-1 and Scope-2 CSR projects emissions by the year 2035 • Conferred with 2nd Ra
Slide 16: CSR Initiatives – GAIL Hriday
CSR Initiatives – GAIL Hriday UNNATI – Rural Development SAKSHAM – Elderly & HARIT – Environment Differently abled Care Projects AROGYA – KAUSHAL – Skill Health Development UJJWAL – SASHAKT – Women Empowerment Education ~25 Lakh lives GAIL spent ~ Rs.189 impacted positively crores under CSR through
Slide 17: Business Landscape
Business Landscape
Slide 18: Natural Gas Transmission
Natural Gas Transmission (MMSCMD) 127 120 122 • 18,000+ kms of Natural Gas Pipeline Network 111 107 (~65% Market Share) • ~14,200 km Integrated Pipeline Network • ~1,500 Km Pipeline is under construction. FY22 FY23 FY24 FY25 FY26 • 122.18 MMSCMD Natural Gas Transmission in FY’26 Gas Transmission Mix
Slide 19: Natural Gas Marketing
Natural Gas Marketing (MMSCMD) 104 101 • ~ 104.21 MMSCMD Natural gas sales during FY’26 98 96 • 16.56 MMTPA of upstream LNG Portfolio 95 • ~48% Market Share in India’s Natural Gas Consumption FY22 FY23 FY24 FY25 FY26 • 5 long chartered and 2 short chartered vessels • To source additional 4-5 MMTPA L
Slide 20: Petrochemicals & Liquid Hydrocarbons
Petrochemicals & Liquid Hydrocarbons Petrochemical Sales (TMT) Liquid Hydrocarbons Sales (TMT) 845 790 787 785 1,004 998 929 951 815 399 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 • 94 % Plant capacity utilization • 1.34 MMTPA Production Capacity • 810 KTA Polyethylene • 60 KTA Polypropylene
Slide 21: LPG Transmission
LPG Transmission LPG Transmission (TMT) • Highest ever LPG Transmission in FY 2026 4,600 4,478 • 4.58 MMTPA of LPG Transmission Capacity 4,396 4,335 • LPG Pipelines capacity utilization-100% 4,199 • Jamnagar Loni Pipeline - 3.25 MMTPA • Vizag-Secunderabad Pipeline - 1.33 MMTPA • PNGRB’s authorizatio
Slide 22: Financial Performance Highlights
Financial Performance Highlights
Slide 23: Financial Performance (Standalone)
Financial Performance (Standalone) (in Rs. crore) Turnover (Gross) Gross Margin (EBITDA) 1,43,976 1,36,960 1,38,328 1,30,284 19,168 15,876 15,583 91,426 13,119 9,384 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Profit Before Tax (PBT) Profit After Tax (PAT) 14,825 11,312 13,590 10,364 11,555 8,
Slide 24: Key Financial Ratios
Key Financial Ratios PAT to Net Worth* (in %) Return on Capital Employed* Debt Equity Ratio ( in %) 21 0.29 20 0.28 18 0.26 16 17 14 0.22 10 10 10 10 0.15 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Market Capitalization (₹/Crore)# Earning Per Share*$ (₹/Share) Share P
Slide 25: Balance Sheet as on 31st March 2026
Balance Sheet as on 31st March 2026 Rs in Crores Assets Equity & Liabilities 1,22,567 1,22,567 Non Current Equity Liabilities Current Assets Assets 17,835 74,074 48,492 1,04,731 Equity Share Non Current Current PPE 51,677 Other Equity Capital Liabilities Liabilities CWIP 15,895 67,499 6,575 27,007 2
Slide 26: Financial Performance (Consolidated)
Financial Performance (Consolidated) (in Rs. crore) Turnover (Gross) Gross Margin (EBITDA) 1,45,531 1,41,949 1,41,716 20,643 1,33,130 18,086 16,986 92,636 14,524 10,323 FY22 FY23 FY24 FY25 FY26 FY22 FY23 FY24 FY25 FY26 Profit Before Tax (PBT) Profit After Tax (PAT) 12,256 12,450 15,464 16,096 9,899
Slide 27: One Off Transactions – FY 25-26
One Off Transactions –FY 25-26 Particulars Q1 FY’26 Q2 FY’26 Q3 FY’26 Q4 FY’26 FY’26 Gas Marketing Segment • Provision for Doubtful Dues (675) (675) • Entry Tax Provision reversal 291 291 Gas Transmission Segment • Differential Tariff Settlement 133 133 • Excess Provision Written back 22 87 109 •
Slide 28: Strategic Investments & Growth Roadmap
Strategic Investments & Growth Roadmap
Slide 29: Capital Expenditure: FY2025-26
Capital Expenditure: FY2025-26 1% Capex Breakup Rs in Crores % 3% 3% Pipelines 2,900 30 Operational Capex 2,443 25 17% 30% Petrochemicals 2,059 21 Equity Contributions to JVs/ 1,594 17 Subsidiaries CGD Projects 313 03 Exploration & Production 240 03 Net Zero/Renewables 44 01 21% 25% TOTAL 9,594 100
Slide 30: Capital Allocation: FY2026-27
Capital Allocation: FY2026-27 Capex Breakup Rs in Crores % 3% 4% Operational Capex 3530 30 6% Pipelines 2401 21 30% 6% Net Zero/Renewables 1950 17 Petrochemicals 1486 13 13% Equity Contributions to JVs/ Subsidiaries 713 06 Other Projects 692 06 Exploration & Production 484 04 CGD Projects 344 03 17%
Slide 31: Major Projects in Pipeline
Major Projects in Pipeline Pipelines Petrochemicals • JHBDPL Pipeline • KKMBPL Phase-II Pipeline • GMPL – PTA Plant (1,250 KTA) • Gurdaspur Jammu Pipeline • PDH-PP Plant Usar (500 KTA) • JLPL LPG Pipeline capacity augmentation • C2-C3 Pipeline (Vijaipur – Pata) • Vijaipur – Bina Pipeline • DUPL-DPPL
Slide 32: Industry Outlook & Strategic Direction
Industry Outlook & Strategic Direction
Slide 33: Global LNG Trade – CY 2025
Global LNG Trade – CY 2025 WORLD Equatorial Guinea, 3, 1% Qatar (84 MMTPA) Mozambique, 4, 1% Canada, 2, 1% UAE, 0.1, 0% Bahrain, 0.1, 0% Norway, 3, 1% Peru, 4, 1% Angola, 5, 1% Vietnam, 0.1, 0% Bangladesh, 4.5, 5% Brunei, 5, 1% Cameroon, 2, 0% Thailand, 2.2, 3% UK, 0.5, 1% UAE, 5, 1% Taiwan, 8.5, 10
Slide 34: Global Gas Demand – Outlook
Global Gas Demand – Outlook • 2025 marked a transitional year for global gas: tight first-half markets gave way to easing H2 conditions as new LNG supply arrived. • LNG demand growth was led by Europe and North America due to colder winters and higher gas-based power demand, while Asia-Pacific deman
Slide 35: Global Gas Outlook (2026–2030)
Global Gas Outlook (2026–2030) • Global LNG supply is expected to rise significantly by 2030, with ~220 MMTPA of new liquefaction capacity mainly from the US and Qatar. • The US is expected to increase its share of global LNG supply from ~20%(~103 MMTPA) in 2024 to ~33%(~234 MMTPA) by 2030, reshapin
Slide 36: Global Gas Demand - Outlook
Global Gas Demand - Outlook • Following the supply shock of 2022/23, natural gas • On LNG supply side, the supply cuts on Qatari markets moved towards a gradual rebalancing and volume during 2026 are being balanced gradually returned to structural growth by other regions- USA, Mexico, Nigeria, Austr
Slide 37: Strait of Hormuz: Critical Chokepoint for LNG Supply
Strait of Hormuz: Critical Chokepoint for LNG Supply • The Strait of Hormuz is a critical chokepoint for global LNG markets, and any disruption can create far-reaching impacts on global energy security. During current crisis, Strait of Hormuz is closed effecting global LNG supply significantly. • Th
Slide 38: India's LNG imports - CY 2025
India’s LNG imports - CY 2025 India’s LNG import – CY 2025 (MMT) Angola, 1.7, • India’s LNG imports in CY 2025 stood at approximately 25.5 7% MMTPA. Qatar, 12, Nigeria, 1.8, 46% 7% • Qatar and UAE accounted for close to 60% of India’s overall LNG imports. Oman, 2.1, • As of December 2025, India’s to
Slide 39: India's Expected Natural gas demand in 2030 & 2040
India’s Expected Natural gas demand in 2030 & 2040 GtG: Good to Go Scenario – Moderate growth & expected developments GtB: Good to Best Scenario – Accelerated growth & favorable policy implementation Source: India’s Natural Gas Demand Projection for 2030 - 2040 by PNGRB ENERGIZING POSSIBILITIES…
Slide 40: Expected Natural Gas consumption in MMSCMD (GtG Scenario)
Expected Natural Gas consumption in MMSCMD (GtG Scenario) 2030 ( ~ 297 MMSCMD) 2040 ( ~ 495 MMSCMD) • CGD sector is expected to be the Fertilizer, 65, Others, 57, 19% 22% Fertilizer, 72, 14% highest consuming Others, 77, 16% LNG as trucking fuel, 4, 1% sector with over 40% Steel/Sponge share (over 2
Slide 41: Gas infrastructure in India - One Nation-One Grid
Gas infrastructure in India - “One Nation-One Grid” Operational pipelines 27,427 km Authorized pipelines 34,273 km Fig: PNGRB |Natural Gas Pipelines Network in India - as on 31st December, 2025 S. Existing Re-gas Terminals Re-gas Capacity Capacity Utilization GJPL No. (MMTPA) (Apr 2025 - Apr2026) DB
Slide 42: City Gas Distribution – Making gas accessible to public
City Gas Distribution – Making gas accessible to public 8,692 CNG… DPNG 18,000 1,67,00,013 12,50,00,000 Till2021 Feb 2026 2030 CGD Growth: CGD sector, expected to grow at a CAGR of ~15% till 2030, will lead the growth of gas consumption in India Most of the growth will come from the CNG sector a
Slide 43: Current Gas Scenario
Current Gas Scenario • ~ 60% of India’s LPG requirement is imported. • ~ 90% of LPG imports traditionally come from the middle East. • India has strategically diversified its LNG sourcing portfolio. • GAIL had prudently entered into US LNG contracts more than a decade ago. • GAIL’s diversified LNG p
Slide 44: Conclusion
Conclusion • Middle East conflict and Hormuz closure have significantly disrupted the LNG industry; recovery will take time. • Even after the war subsides, LNG production normalization is expected to be gradual, with Qatar indicating a multi-year recovery timeline. • India should strengthen a divers
Slide 45: Petrochemical Business Outlook
Petrochemical Business Outlook • India’s per capita consumption of Polymers is just 15 kg vs. China per capita consumption of 83 kg. • World average per capita consumption of Plastics is ~39 Kg with US consuming as high as 93 Kg per capita India’s per capita consumption is one of the lowest in Asia
Slide 46: New Initiatives
Compressed Bio Gas (CBG) • GAIL achieved ~88,174 MT of CBG sales New through CBG-CGD Synchronization scheme in 2025-26, more than double of Initiatives MoU target • 443 TPAs signed with 344 CBG Biogas producers and 42 CGD entities • 6 CBG Plants under construction with collective production capacity
Slide 47: Thank You
Thank You