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Prices as of 8 Oct 2026 close · Not investment advice

GAIL India

NSE: GAILGas Transmission/Marketing

Share price

₹167.70

-1.76% close of 8 Oct 2026

Market cap ₹1.10L CrP/E 11.2

Business score

How strong the business is, in one number. The parts behind it are in Pro.

59

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹1.10L Cr

P/E ratio

11.2

P/B ratio

1.2

ROCE

9.7%

ROE

8.7%

Dividend yield

3.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 8 Oct 2026 close52-week high ₹185.3052-week low ₹135.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 3.5% over the past year, and 11.6% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales slipped from 15.5% to 9.8% over the last four years.

Whether it grew faster than its sector

It grew 11.6% a year against a sector median of 11.6% — 0 percentage points faster.

Room to re-rate, or risk of de-rating

At 11.2× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 7.9×, across 5 companies. It is against its own five-year median of 11.8×, the 39th percentile of its own range.

Whether growth justifies the valuation

Priced at 1.1 times its growth rate, on earnings growth of 10%.

Profit growthPrice per ₹1 profitPer 1% growth
GAIL India — this one10%/yr11.2×₹1.1
Reliance Industries5%/yr21.3×₹4.3
Oil & Natural Gas Corporation1%/yr6.3×₹6.3
Coal India-1%/yr8.1×—
Indian Oil Corporation62%/yr5.2×₹0.08
Bharat Petroleum Corporation107%/yr7.9×—

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies across the whole Oil, Gas & Consumable Fuels sector, it ranks 34 of 46 on returns, 22 of 43 on growth, 35 of 47 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 9.7% on capital, ahead of 26% of companies across its whole sector. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹52187 crore of cash from the business, spent ₹44887 crore on plant and equipment, and returned ₹16093 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 121 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back faster than it used to: it went from being paid 6 days before it paid its own suppliers to paid 14 days before it paid its own suppliers.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

7 of 9 checks clear · 78%

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Profit nearly doubled from a year ago to Rs 4,671 Cr on 17% higher revenue

Announced 31 Jul 2026 · Consolidated

Revenue

₹41,350 Cr

Revenue vs last year

+17.1%

Revenue vs last quarter

+16.2%

Net profit

₹4,671 Cr

Profit vs last year

+96.1%

Profit vs last quarter

+215.4%

Net margin

11.3%

EPS

₹7.10

Earnings call transcript · 31 Jul 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹1.10L Cr
Prev close
₹167.70
52w High
₹187
52w Low
₹134
Enterprise value
₹1.33L Cr
Beta
1.2
Price CAGR 1y
-4.0%
Price CAGR 3y
12.0%
Price CAGR 5y
10.0%
Price CAGR 10y
8.0%

Ratios

Return on assets
5.4%
PEG ratio
1.1
P/E ratio
11.2
P/B ratio
1.2
EV / EBITDA
11.7
Industry P/E
14.4
ROCE
9.7%
ROCE 5y average
14.4%
ROE
8.7%
Debt / Equity
0.3
Interest coverage
11.1
Dividend yield
3.2%
ROE 3y average
11.0%
ROE last year
9.0%

Annual P&L

Annual revenue
₹1.42L Cr
Annual profit
₹7,582 Cr
Operating margin
8.0%
Net profit margin
5.4%
EBITDA margin
8.1%
Sales growth 3y
-0.9%
Sales growth 5y
19.8%
Profit growth 3y
10.0%
Profit growth 5y
4.0%
EPS
₹11.5
Sales growth TTM
4.0%
Profit growth TTM
1.0%
Dividend payout
48.0%

Quarter P&L

Sales latest quarter
₹41,198 Cr
Profit latest quarter
₹4,671 Cr
YoY quarterly sales growth
16.7%
YoY quarterly profit growth
96.1%
OPM latest quarter
17.2%

Balance Sheet

Book Value
₹135
Face Value
₹10.0
Total debt
₹24,831 Cr
Total cash
₹2,127 Cr
Borrowings
₹24,831 Cr
Reserves / Equity
12.5

Cash Flow

Operating cash flow
₹11,249 Cr
Free cash flow
₹2,451 Cr
FCF yield
1.3%
Net cash flow
-₹358 Cr

Shareholding

Promoter holding
51.8%
FII holding
15.0%
DII holding
19.1%
Public holding
6.5%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
GAIL (India)170.7111.41,12,2443.224,671.096.941,197.616.79.7
Energy InfrTrust73.6561.44,89031.26-6.6-120.71,095.112.95.4
Indifra Ltd11.1080.000.2157.714.8582.5-0.7
Median122.1836.458,56717.242,332.2-11.921,146.414.87.5

Competes with: Gujarat State Petronet Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales32,78932,98634,69832,75634,73833,88936,83536,44035,31135,53735,17335,57741,198
Expenses30,12829,40530,49028,90829,94829,95233,66532,91431,64232,07732,24634,12334,100
Material Cost1,7542,1522,1531,9741,406
Change in Inventories751-53471197-1,356
Purchases of Stock-in-Trade26,52126,86126,77227,83331,408
Employee Cost534625448471553
Other Expenses2,2002,6122,5323,7772,241
Operating Profit2,6603,5804,2083,8494,7903,9373,1693,5263,6693,4602,9271,4537,098
OPM %8.1111121214128.609.68109.748.324.0917
Other Income5295959156516856433,2116745665166831,250475
Exceptional items (within Other Income)00000
Interest185200176159209188169174213234254263319
Depreciation7228378721,2411,1529229397869931,1771,192474987
Profit before tax2,2833,1384,0753,0994,1143,4705,2723,2403,0292,5652,1651,9666,268
Tax %21222220232223232122202525
Net Profit1,7932,4423,1932,4743,1832,6904,0842,5062,3821,9891,7291,4814,671
EPS in Rs2.733.724.863.754.844.106.213.793.6032.672.267.10
Diluted EPS in Rs3.6032.672.267.10

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales60,55752,05348,55254,49676,19072,51857,37292,7701,45,6681,33,2281,41,5431,41,2191,47,485
Expenses54,92647,51742,53146,69566,25263,49550,12777,6081,38,1681,18,9141,26,4891,30,0961,32,546
Material Cost8,044
Change in Inventories1,365
Purchases of Stock-in-Trade1,07,987
Employee Cost2,079
Other Expenses11,109
Operating Profit5,6314,5366,0217,8029,9389,0227,24515,1617,50014,31415,41211,50214,939
OPM %9912141312131651111810
Other Income9457311,2129481,7193,7962,8332,9252,8222,6725,2233,0232,924
Exceptional items (within Other Income)0
Interest6528225092951593091792023657197409641,070
Depreciation1,4331,4961,5411,5271,6672,0802,1742,4202,7023,6723,7993,8353,829
Profit before tax4,4922,9495,1836,9289,83110,4297,72515,4647,25612,59516,0969,72512,964
Tax %32373531339202023212322
Net Profit3,1601,8743,3744,8056,5539,5156,14312,3045,5969,90312,4507,5829,870
EPS in Rs4.672.764.987.099.68149.21188.5415191215
Diluted EPS in Rs12
Dividend Payout %243756432531363659374048

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
20%
3 years
-1%
TTM
4%

Compounded profit growth

10 years
15%
5 years
4%
3 years
10%
TTM
1%

Stock price CAGR

10 years
8%
5 years
10%
3 years
12%
1 year
-4%

Return on equity

10 years
13%
5 years
12%
3 years
11%
Last year
9%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1,2681,2681,6912,2552,2554,5104,4404,4406,5756,5756,5756,575
Reserves32,75435,13537,61439,42443,74944,75848,74259,67458,35270,42278,42282,475
Borrowings18,2919,0526,5533,8762,2246,9127,8739,21617,81621,79421,59524,831
Other Liabilities17,35513,60812,43315,79820,19918,75419,97523,25425,06225,94426,58326,688
Minority Interest242
Total Liabilities69,66959,06358,29161,35368,42674,93481,03096,5841,07,8051,24,7351,33,1761,40,569
Fixed Assets33,97629,94630,09230,48032,70038,23041,16044,57249,69755,18858,83668,667
CWIP13,8063,6884,1265,9389,73811,66613,40015,49016,64623,62727,42124,072
Investments1,2729,84410,12510,45210,7229,89313,05816,40817,24821,91022,76526,233
Other Assets20,61515,58413,94814,48215,26715,14513,41320,11424,21424,01024,15521,597
Total Assets69,66959,06358,29161,35368,42674,93481,03096,5841,07,8051,24,7351,33,1491,40,537

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity4,2143,9606,0248,7697,9848,3458,9939,4203,20512,58615,72711,249
Cash from Investing Activity-2,809-904-334-2,660-5,701-8,299-4,640-5,490-7,453-8,226-6,615-8,856
Cash from Financing Activity-3,058-3,028-5,275-5,252-3,364281-3,471-3,9172,972-3,457-8,941-2,750
Net Cash Flow-1,65329415858-1,08132888213-1,276902171-358
Free Cash Flow1,4982,5004,0295,370443-8903,3092,481-5,548987,8182,451

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days191921232124222927262722
Inventory Days181417171621251917202016
Days Payable262527352425372820222419
Cash Conversion Cycle1281161320102023242219
Working Capital Days-12-17-10-24-5-10-24-6-6-8-7-14
ROCE %10812162220132310151410

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters525252525252525252525252
FIIs151414151716151514141315
DIIs191920181718191920202119
Government7.917.927.637.637.627.617.617.617.617.617.617.59
Public6.306.586.757.146.766.846.686.666.926.696.986.52
No. of Shareholders9,45,49810,11,14512,27,20915,17,62215,50,41616,02,02816,71,48216,38,22716,32,18715,88,21016,17,71615,66,827

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -6.0% (₹178.45 → ₹167.70)Brick size ₹3.57 (fixed)Bricks 34
₹140₹160₹180₹168Dec '25Feb '26Apr '26Jun '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹167.70 on 8 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

total loans / revolving facilities outstanding at period end, the base of loan_default_cr

16,793cr

2026-06-30

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

25,87,76,979inr

2026-03-31

News

News and filings about GAIL India. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

  • Gujarat State Petronet Limited

Uses as raw material

  • LNG
  • Naphtha
  • Natural Gas
  • Propane (Usar PDH feedstock)

Depends on the price of

  • LNG
  • Natural gas
  • lpg_propane_butane

Buys from

Sells to

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Oil, Gas & Consumable Fuels
Industry
Gas Transmission/Marketing
Classification
Oil, Gas & Consumable Fuels › Gas Transmission/Marketing
ISIN
INE129A01019

Business segments

  • Natural Gas Transmission/Marketing · 88%
  • Petrochemicals · 4%
  • City Gas · 4%
  • LPG and Liquid Hydrocarbons · 2%
  • Other Segment · 1%
  • LPG Transmission · 1%

Plants

  • Auraiya GPU · Auraiya, Uttar Pradesh
  • Gandhar GPU · Bharuch, Gujarat
  • Lakwa GPU · Lakwa, Assam
  • Pata Petrochemical Complex · Pata, Uttar Pradesh
  • Usar Petrochemical Complex (PDH-PP)
  • Vaghodia GPU · Vadodara, Gujarat
  • Vijaipur Plant · Vijaipur, Madhya Pradesh

News impact

Big market events that reach GAIL India, and how the effect spreads.

1 Oct, 21:36 IST · Market event · medium impact

Russia-NATO tensions rise over nuclear warning

Russia's nuclear warning rattled markets without changing any Indian order or fuel flow, lifting hope-buying in defence names like Paras while crude softness trims oil producers like Oil India.

Capital GoodsOil, Gas & Consumable Fuels

Who it hits first

  • Russia issued a nuclear warning toward NATO, lifting war-risk fears across world markets.
  • For India the hit is mood, not mechanics: no trade route, order book or fuel flow changes on a warning alone.
  • Defence suppliers may catch hopeful buying on faster-order talk, while richly priced stocks face fear-led selling.

Who may gain

  • Paras Defence — defence-electronics supplier; war risk revives faster-order hopes
  • Coal India — domestic coal looks safer when imported-energy risk rises (steady, not a buy)

Along the supply chain

Downstream

No downstream disruption either: Indian factories, pipelines and banks run exactly as before until rhetoric becomes action.

Upstream

No direct supply-chain link — purely a sentiment event; no supplier or customer volumes change on this headline.

Where demand moves

Business

No business demand moves: no new defence order, oil cargo or loan follows from a warning — only the hope of future defence orders flickers.

Capital

Capital turns defensive: fear-led selling can hit richly priced capital-goods names first, while cash-rich energy producers and banks sit steadier.

How it spreads across sectors

Capital Goods

Sentiment drag on rich valuations; defence-linked names see hopeful but order-less buying.

Financial Services

Banks face only market-mood risk; Indian Bank itself has no link to this story.

Oil, Gas & Consumable Fuels

Softer Brent trims producer realisations slightly; no physical supply change follows a warning.

When it plays out

Immediate

In the first week, fear-led swings hit richly priced stocks while defence names see hopeful buying.

Medium term

Over six months, only real order or crude-price changes matter; today's warning alone leaves none.

Short term

Over the next month, the mood fades unless warnings turn into sanctions or supply cuts.

Who it hits first

  • India's gas regulator PNGRB and the Oil Ministry launched National PNG Drive 3.0 to add 50 lakh (5 million) home piped-gas connections by March 31, 2027.
  • The drive pushes households to switch from LPG cylinders to piped natural gas for cooking.
  • City-gas sellers such as Indraprastha Gas in Delhi-NCR and Mahanagar Gas in Mumbai stand to gain connection fees plus years of gas sales.

Who may gain

  • Indraprastha Gas — Delhi-NCR home piped-gas seller; gains connection fees and long-term gas volumes
  • Mahanagar Gas — Mumbai home piped-gas seller; same connection-led growth
  • GAIL India — gas pipeline owner and supplier to IGL and MGL; gains throughput
  • Petronet LNG — gas importer feeding city-gas networks; gains regas volumes
  • Adani Total Gas and Gujarat Energy — other city-gas sellers riding the same wave

Along the supply chain

Downstream

Downstream, the newly connected homes burn piped gas for cooking instead of LPG refills, so cylinder makers like Confidence Petroleum and LPG dealers lose business one kitchen at a time.

Upstream

Upstream, the extra gas comes from producers and importer Petronet LNG, moves through GAIL's pipelines to city sellers, and needs more pipes and laying work from suppliers such as Maharashtra Seamless and Likhitha as networks grow.

Where demand moves

Business

Households signing up for piped gas create fresh demand that flows first to city-gas sellers (IGL, MGL and peers), then back to GAIL's pipelines and Petronet's import terminals — while LPG cylinder makers and dealers slowly lose refill demand.

Capital

Investors are likely to favour city-gas distributors and gas infrastructure names on the multi-year volume outlook, while LPG-linked names such as Confidence Petroleum face selling pressure as cooking demand shifts to pipes.

How it spreads across sectors

Chemicals

Fertiliser makers that burn pooled gas (Chambal, RCF, NFL) face slightly stronger overall gas demand but no direct price hit from this drive.

Oil, Gas & Consumable Fuels

City-gas distributors and gas infrastructure gain connection-led volumes; LPG-linked names soften as cooking demand shifts from cylinders to pipes.

Power

Gas-fired power sellers such as Torrent Power see no direct change — a neutral read-through from a busier gas system.

Commodity angle

Commodity

Natural gas

Move series

Natural gas

Note

Natural gas is in a demand shock (price 2.963 USD/MMBtu, pack move -6.911%), but every dependent row carries a null cost weight, so no margin bps existed to copy and all signals carry commodity_impact_bps null.

Shock

demand

Unit

USD/MMBtu

A pattern seen before

Cascade chain

  • 50 lakh new PNG homes → city-gas sales volumes up
  • City-gas demand up → GAIL pipeline throughput and Petronet regas volumes up
  • LPG-to-PNG switching → LPG cylinder and refill demand down

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

In the first week, city-gas shares react to the headline while distributors line up connection camps and marketing.

Medium term

Over six months, new connections convert into billed gas volumes and extra revenue for distributors, GAIL and Petronet.

Short term

Over the next month, connection bookings and pipeline-laying orders show whether the drive is really biting.

25 Sept, 23:37 IST · Market event · medium impact

India’s net FDI rises to five-year high of $7.3 billion in July 2026

India’s net foreign investment hit a five-year high of $7.3 billion in July, modestly helping insurers, exchanges and tech suppliers, with no clear losers.

Financial ServicesInformation TechnologyTelecommunication

Who it hits first

  • India pulled in $7.3 billion in net foreign direct investment in July 2026, the highest monthly figure in five years, signalling stronger foreign confidence.
  • Money flowed mainly into phone networks (communication), banks and insurers (financial services) and software and computer services, lifting the outlook for those industries.
  • SBI Life Insurance, which sells life cover, and Multi Commodity Exchange, which runs commodity trading, get a mild sentiment boost as foreign interest in finance revives.
  • Netweb Technologies, which builds servers for data centers, could see longer-term demand if computer-services investment turns into new data capacity.
  • Sterlite Technologies, which makes fibre-optic cables, would normally cheer communication inflows, but strict exchange trading curbs (ASM stage 4) overshadow the news.

Who may gain

  • SBI Life Insurance — life insurer, gains from brighter financial-services sentiment
  • Multi Commodity Exchange — commodity exchange, gains if foreign flows lift trading volumes
  • Netweb Technologies — server maker, gains if tech FDI spurs data-center orders
  • Large banks and insurers broadly — benefit from stronger capital inflows and firmer valuations

Along the supply chain

Downstream

Downstream, foreign capital into phone, finance and software firms may later flow to network builders, server makers and service vendors, but today brings sentiment only, not confirmed purchases.

Upstream

No direct supply-chain link — this is a capital-flow event, not a factory order; upstream suppliers of coal, gas or consumer goods see no change.

Where demand moves

Business

Foreign firms putting money into Indian finance, software and phone networks can, over time, mean more software contracts, more insurance and banking business, and more network gear orders — for example, data-center servers from Netweb Technologies and fibre from Sterlite Technologies — though no new orders are announced today.

Capital

The $7.3 billion inflow supports the rupee, adds liquidity to equity markets and can lift trading activity on venues like Multi Commodity Exchange, while insurers such as SBI Life Insurance benefit from richer financial-sector valuations.

How it spreads across sectors

Financial Services

Foreign money favours banks, insurers and market venues; sentiment improves and trading and deal activity may pick up.

Information Technology

Computer-services inflows support hopes for tech spending and data-center demand, aiding server and software firms.

Telecommunication

Communication inflows help carrier investment mood, supporting fibre and equipment makers, though trading curbs mute Sterlite Technologies.

When it plays out

Immediate

Mild positive mood for financial, IT and telecom shares; market-infra names like exchanges may see busier trading.

Medium term

If strong inflows persist, tech and finance firms could see real business gains such as mandates and network orders; otherwise the lift fades.

Short term

Follow-through depends on August FDI and foreign-investor flows; insurers and lenders drift with rate expectations.

Who it hits first

  • Commerce Minister Piyush Goyal says the India-US trade deal is done and dusted, with only execution and final competitive-advantage details left.
  • Lower US duties would directly cut costs for Indian exporters of clothes, bedsheets, generic drugs and software services.
  • The five map seeds (Coal India, Oil India, GAIL, ABB India and Dabur) are domestic businesses with no US sales channel, so the deal barely touches them.
  • Textiles exporters such as Welspun Living and Jindal Worldwide, which sell 41% and 90% of revenue abroad, stand first in line for new orders.

Who may gain

  • US-facing textiles makers (bedsheets, garments, fabrics) through lower American tariffs.
  • Generic-drug and drug-ingredient exporters through smoother US market access.
  • Software and IT hardware firms through friendlier US tech ties and sentiment.
  • Cotton, yarn and fabric suppliers at home as exporter order books refill.
  • Domestic giants like Coal India, GAIL, Oil India, ABB India and Dabur see no direct gain.

Along the supply chain

Downstream

US retail chains, apparel brands, hospitals and technology buyers receive cheaper Indian goods and services, while Indian exporters expand shipping, warehousing and compliance work.

Upstream

Cotton growers, spinners, weavers and dyeing units, plus drug-ingredient and packaging suppliers, get second-order demand as exporters such as Welspun Living and Jindal Worldwide run fuller order books.

Where demand moves

Business

American retailers and importers place bigger clothing and home-textile orders as duties fall; US drug distributors pull more Indian generics; US firms keep outsourcing software and hardware work — business demand moves from US buyers to Indian exporters.

Capital

Investors rotate toward export-led textiles, pharma and IT shares on better earnings hopes, funding capacity additions; domestic defensives see no such inflow.

How it spreads across sectors

Capital Goods

Neutral — factory equipment demand follows domestic capex, not export duties.

Fast Moving Consumer Goods

Neutral — household brands live on Indian demand, not US trade.

Healthcare

Mildly positive — smoother US access helps drug exporters; hospitals and domestic diagnostics feel nothing.

Information Technology

Mildly positive on sentiment and services continuity; hardware makers gain if tech trade eases.

Oil, Gas & Consumable Fuels

Neutral — refiners and gas utilities sell at home and face no tariff channel.

Textiles

Positive first-order lift — lower US tariffs directly raise exporter volumes and margins.

When it plays out

Immediate

Export shares gap up on headlines; textiles names with confirmed US exposure lead while domestic seeds drift flat.

Medium term

Real order flows and margins decide — exporters with strong balance sheets convert the deal into earnings; pledged or leveraged names lag.

Who it hits first

  • India's September flash PMI showed private businesses growing faster than the month before, across both factories and services.
  • When business speeds up, factories order more machines and materials, transport firms move more goods, and banks lend more.
  • The boost is spread across the whole economy rather than one company, so individual stock gains should be small.

Who may gain

  • Factory-equipment makers such as ABB India and Hitachi Energy India, as faster manufacturing pulls through orders
  • Fuel suppliers such as Coal India, GAIL and Oil India, as busier plants burn more energy
  • Lenders such as Indian Bank, as stronger activity supports borrowing and repayment
  • Movers of goods such as Delhivery and Shreeji Shipping, as rising output fills trucks and ships

Along the supply chain

Downstream

Big buyers of fuel and equipment — power plants such as NTPC and steel makers such as Tata Steel and JSW Steel — run their plants harder and benefit from fuller capacity.

Upstream

Makers of parts and inputs feeding industrial giants — such as ABB's component suppliers and Coal India's mining contractors — enjoy steadier volumes as factories run harder.

Where demand moves

Business

Factories with fuller order books buy more equipment, power and fuel, while service firms see more customers; transport and shipping volumes rise with output.

Capital

Investors bid up economy-sensitive stocks such as industrials, energy suppliers and lenders on the stronger growth signal; no deals or fundraising stem from this data.

How it spreads across sectors

Capital Goods

Positive — faster factory growth pulls through equipment orders within weeks.

Financial Services

Positive — stronger business activity supports loan growth and repayments.

Oil, Gas & Consumable Fuels

Positive — higher industrial activity raises fuel and gas demand.

Services

Positive — busier trade lifts logistics, transport and port volumes.

When it plays out

Immediate

Economy-sensitive stocks edge up over 1-7 days as traders price the stronger growth signal.

Medium term

Over 1-6 months, sustained expansion would lift earnings of equipment makers, fuel suppliers and lenders.

Short term

Over 1-4 weeks, order books and freight volumes confirm or deny the flash reading when final PMI lands.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

2 Sep 2026unspecified₹0.5
5 Feb 2026interim₹5
4 Aug 2025unspecified₹1
7 Feb 2025interim₹6.5
6 Feb 2024interim₹5.5
21 Mar 2023interim₹4
6 Sep 2022bonus₹0
1 Aug 2022unspecified₹1

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.