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Torrent Gas Limited
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Registered Details

TORRENT GAS LIMITED

Active

Updated: 23 Oct 2024

Torrent Gas Limited, is an unlisted public company incorporated on 28 May, 2018. It is classified as a public limited company and is located in Ahmedabad, Gujarat. It's authorized share capital is INR 2,416.00 cr and the total paid-up capital is INR 1,675.00 cr.

Torrent Gas Limited's operating revenue range is Over INR 500 cr for the financial year ending on 31 March, 2023. It's EBITDA has increased by 30.2% over the previous year. At the same time, it's book networth has increased by 55.41%.

Industry

Electricity, Gas & Water

Products

Manufacture of gas, distribution of gaseous fuels

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Sales

33.35%

₹ 2,549.1

EBITDA

76.8%

₹ 305.2

Net Profit

₹ -17.0

Networth

18.46%

₹ 2,034.8

Borrowings

5.04%

₹ 2,113.4

Assets

8.9%

₹ 4,753.0

Gross Margin

2.55

38.5 %

Operating Margin

2.94

12.0 %

Net Profit Margin

0.29

-0.7 %

Return on Equity

0.23

-0.8 %

ROCE

2.07

3.4 %

Debt to Equity

-0.13

1.0

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (27)

State	Type	Address

Locations on Map

Tofler Score

Very Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

LOSS MAKING
LOW ROCE
LOW CASH BALANCE
CASH DETERIORATING

Low Risk

LOW INVENTORY
GROSS MARGINS DETERIORATING

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Peers / Similar Companies

Adani Total Gas Limited Gujarat

Irm Energy Limited Gujarat

Gujarat State Petronet Limited Gujarat

Indianoil - Adani Gas Private Limited Delhi

Peers

Adani Total Gas Limited

Gujarat

Irm Energy Limited

Gujarat

Gujarat State Petronet Limited

Gujarat

Indianoil - Adani Gas Private Limited

Delhi

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	21.2	120.5	468.9	1,911.6	2,549.1
Operating profit	-7.4	15.0	132.6	172.6	305.2
Net profit	-9.7	-8.1	48.1	-18.4	-17.0
Gross margin	8.9	38.9	61.6	35.9	38.5
Operating margin	-34.8	12.4	28.3	9.0	12.0
Net margin	-30.9	-6.2	10.1	-0.9	-0.7
Networth	429.5	521.4	1,105.3	1,717.7	2,034.8
Borrowings	134.2	777.1	1,186.6	2,011.9	2,113.4
Assets	661.6	1,520.7	2,569.6	4,364.6	4,753.0
Debt to equity	0.3	1.5	1.1	1.2	1.0
Current ratio	0.6	0.3	0.7	0.6	0.6
ROE	-2.3	-1.6	4.3	-1.1	-0.8
Days payable	244.0	155.0	109.0	44.0	41.0
WC days	-1,414.0	-696.0	-67.0	-44.0	-25.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	450.0	550.0	1,085.0	1,675.0	1,675.0
Reserves	-20.5	-28.6	20.3	42.7	359.8
Borrowings +	134.2	777.1	1,186.6	2,011.9	2,113.4
Long term borrowings	-	595.5	1,075.0	1,833.4	2,054.8
Short term borrowings	134.2	181.6	111.6	178.5	58.6
Trade payables +	12.9	31.3	53.6	146.2	176.5
Days payable	244.0	155.0	109.0	44.0	41.0
Other liabilities +	97.9	222.1	277.7	635.0	604.9
Other non-current liabilities	22.5	54.9	87.4	209.2	170.9
Other current liabilities	62.5	136.0	136.8	279.7	257.5
Total liabilities	661.6	1,520.7	2,569.6	4,364.6	4,753.0
Fixed Assets +	443.6	1,219.9	1,796.8	3,453.7	3,708.2
Tangible assets	147.7	418.1	707.8	2,216.4	3,133.3
CWIP	295.2	800.4	1,073.9	1,190.1	537.3
Intangible assets	0.7	1.4	15.1	47.2	37.6
LT loans and advances	3.2	35.0	87.8	36.7	221.9
Other non-current assets	87.2	146.8	469.7	499.5	507.2
Current assets +	127.6	119.0	215.3	374.8	315.7
Inventories	0.3	1.2	2.2	11.2	7.4
Trade receivables	2.5	14.2	49.2	155.2	179.1
Cash and cash equivalents	19.4	12.6	73.3	30.5	16.7
ST loans and advances	63.8	3.1	13.7	-	-
Other current assets	41.6	87.9	76.9	177.9	112.5
Total assets	661.6	1,520.7	2,569.6	4,364.6	4,753.0

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	68.02	36.17	42.22	38.38	35.24
Reserves	-3.1	-1.88	0.79	0.98	7.57
Borrowings +	20.29	51.1	46.18	46.1	44.46
Long term borrowings	0.0	39.16	41.84	42.01	43.23
Short term borrowings	20.29	11.94	4.34	4.09	1.23
Trade payables	1.95	2.06	2.08	3.35	3.71
Other liabilities +	14.8	14.61	10.81	14.55	12.73
Other non-current liabilities	3.4	3.61	3.4	4.79	3.6
Other current liabilities	9.45	8.94	5.32	6.41	5.42
Total liabilities
Fixed Assets +	67.05	80.22	69.93	79.13	78.02
Tangible assets	22.32	27.49	27.54	50.78	65.92
CWIP	44.62	52.64	41.79	27.27	11.3
Intangible assets	0.11	0.09	0.59	1.08	0.79
LT loans and advances	0.49	2.3	3.42	0.84	4.67
Other non-current assets	13.17	9.65	18.28	11.44	10.67
Current assets +	19.28	7.83	8.38	8.59	6.64
Inventories	0.04	0.08	0.08	0.26	0.16
Trade receivables	0.38	0.94	1.92	3.55	3.77
Cash and cash equivalents	2.93	0.83	2.85	0.7	0.35
ST loans and advances	9.65	0.2	0.53	0.0	0.0
Other current assets	6.28	5.78	2.99	4.08	2.37
Total assets

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	450.0	550.0	1,085.0	1,675.0	1,675.0
Reserves	-21.5	-19.2	55.5	-23.2	293.3
Borrowings +	134.2	872.7	1,489.2	2,424.1	2,640.5
Long term borrowings	-	655.1	1,290.9	2,048.8	2,514.5
Short term borrowings	134.2	217.6	198.3	375.3	126.1
Trade payables +	14.4	33.5	86.5	192.0	230.4
Days payable	110.0	126.0	105.0	46.0	44.0
Other liabilities +	111.5	264.1	456.9	792.3	764.2
Other non-current liabilities	24.4	65.1	153.0	255.8	213.1
Other current liabilities	72.8	165.5	217.3	344.4	320.7
Total liabilities	674.2	1,667.6	3,086.6	4,868.2	5,373.0
Fixed Assets +	525.6	1,397.4	2,620.0	4,332.2	4,847.1
Tangible assets	222.6	503.3	1,147.2	2,595.8	3,850.7
CWIP	298.9	889.3	1,421.7	1,689.2	958.7
Intangible assets	4.1	4.8	51.2	47.2	37.7
LT loans and advances	3.3	51.5	40.9	31.9	68.9
Other non-current assets	60.7	61.5	84.5	49.5	55.6
Current assets +	84.7	157.1	341.1	454.7	401.4
Inventories	0.3	1.7	2.7	12.2	9.8
Trade receivables	4.3	17.3	89.4	194.1	226.6
Cash and cash equivalents	26.2	17.5	94.0	41.0	21.5
ST loans and advances	6.6	1.1	13.7	-	-
Other current assets	47.4	119.6	141.1	207.4	143.5
Total assets	674.2	1,667.6	3,086.6	4,868.2	5,373.0

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	66.74	32.98	35.15	34.41	31.17
Reserves	-3.19	-1.15	1.8	-0.48	5.46
Borrowings +	19.91	52.33	48.25	49.8	49.14
Long term borrowings	0.0	39.29	41.82	42.09	46.8
Short term borrowings	19.91	13.05	6.43	7.71	2.35
Trade payables	2.13	2.01	2.8	3.94	4.29
Other liabilities +	16.54	15.84	14.8	16.27	14.22
Other non-current liabilities	3.61	3.91	4.96	5.26	3.97
Other current liabilities	10.79	9.92	7.04	7.08	5.97
Total liabilities
Fixed Assets +	77.95	83.8	84.88	88.99	90.21
Tangible assets	33.01	30.18	37.17	53.32	71.67
CWIP	44.33	53.33	46.06	34.7	17.84
Intangible assets	0.61	0.29	1.66	0.97	0.7
LT loans and advances	0.49	3.09	1.33	0.65	1.28
Other non-current assets	9.0	3.69	2.74	1.02	1.04
Current assets +	12.57	9.42	11.05	9.34	7.47
Inventories	0.04	0.1	0.09	0.25	0.18
Trade receivables	0.63	1.03	2.9	3.99	4.22
Cash and cash equivalents	3.89	1.05	3.05	0.84	0.4
ST loans and advances	0.98	0.06	0.45	0.0	0.0
Other current assets	7.03	7.17	4.57	4.26	2.67
Total assets

Total assets

Profit & Loss

Standalone

Consolidated

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	21.2	120.5	468.9	1,911.6	2,549.1
Sales growth %	2124.66	469.05	289.11	307.68	33.35
Expenses +	39.3	139.9	413.6	1,963.2	2,597.3
Cost of goods	19.3	73.7	180.1	1,225.0	1,568.6
Employee cost	1.6	4.5	16.8	54.1	72.5
Other costs	7.6	27.3	139.4	459.8	602.8
Operating profit +	-7.4	15.0	132.6	172.6	305.2
Operating margin %	-34.8	12.4	28.3	9.0	12.0
Other income	10.3	9.8	8.2	11.5	25.1
Interest	5.2	10.6	26.2	92.8	166.5
Depreciation	5.6	23.8	51.1	131.4	187.0
Exceptional items	-	-	-	-	-
Profit before tax	-7.9	-9.5	63.5	-40.1	-23.1
Tax	1.9	-1.5	15.4	-21.7	-6.1
Profit - disc. ops	-	-	-	-	-
Net profit	-9.7	-8.1	48.1	-18.4	-17.0
Net margin %	-30.9	-6.2	10.1	-0.9	-0.7

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	67.34	92.45	98.29	99.4	99.02
Expenses +	124.97	107.3	86.69	102.08	100.9
Cost of goods	61.37	56.52	37.75	63.7	60.93
Employee cost	5.16	3.46	3.53	2.81	2.82
Other costs	24.27	20.95	29.21	23.91	23.42
Operating profit	-23.45	11.51	27.79	8.98	11.86
Other income	32.66	7.55	1.71	0.6	0.98
Interest	16.41	8.11	5.5	4.82	6.47
Depreciation	17.76	18.26	10.7	6.83	7.26
Exceptional items	0.0	0.0	0.0	0.0	0.0
Profit before tax	-24.97	-7.3	13.31	-2.08	-0.9
Tax	5.94	-1.12	3.22	-1.13	-0.24
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-30.91	-6.19	10.09	-0.95	-0.66

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	72.9	182.6	741.3	2,286.1	3,153.6
Sales growth %	None	150.5	305.96	208.41	37.95
Expenses +	85.8	185.5	653.9	2,401.6	3,199.2
Cost of goods	48.0	96.5	299.9	1,516.9	1,922.2
Employee cost	3.5	6.8	25.1	66.8	85.0
Other costs	14.8	37.6	207.9	561.2	767.9
Operating profit +	6.6	41.7	208.4	141.2	378.5
Operating margin %	9.1	22.8	28.1	6.2	12.0
Other income	5.9	8.7	12.7	13.0	22.1
Interest	5.4	13.9	40.5	99.4	190.0
Depreciation	14.2	30.7	80.5	157.3	234.1
Exceptional items	-	-	-	-0.3	-
Profit before tax	-7.0	5.8	100.0	-102.8	-23.4
Tax	3.5	2.9	24.2	-35.0	-6.1
Profit - disc. ops	-	-	-	-	-
Net profit	-10.5	2.9	76.1	-67.8	-17.3
Net margin %	-13.4	1.5	10.1	-3.0	-0.6

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	92.56	95.43	98.32	99.44	99.3
Expenses +	108.94	96.97	86.73	104.46	100.74
Cost of goods	60.89	50.46	39.78	65.98	60.53
Employee cost	4.5	3.56	3.32	2.91	2.68
Other costs	18.78	19.65	27.58	24.41	24.18
Operating profit	8.39	21.77	27.64	6.14	11.92
Other income	7.44	4.57	1.68	0.56	0.7
Interest	6.8	7.27	5.37	4.32	5.98
Depreciation	17.97	16.05	10.68	6.84	7.37
Exceptional items	0.0	0.0	0.0	-0.01	0.0
Profit before tax	-8.94	3.03	13.27	-4.47	-0.74
Tax	4.42	1.49	3.21	-1.52	-0.19
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-13.36	1.53	10.1	-2.95	-0.55

Revenue from operations

Ratios

Standalone

Consolidated

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.3	1.5	1.1	1.2	1.0
Net Debt/Equity	0.3	1.5	1.0	1.1	1.0
Total Debt/Assets	0.2	0.5	0.5	0.5	0.4
Total Assets/Equity	1.5	2.9	2.3	2.5	2.3
Liquidity +
Current Ratio	0.6	0.3	0.7	0.6	0.6
Quick Ratio	0.6	0.3	0.7	0.6	0.6
Interest Coverage	-1.4	1.4	5.1	1.9	1.8
Performance
Gross Margin	8.9	38.9	61.6	35.9	38.5
Operating Margin	-34.8	12.4	28.3	9.0	12.0
Net Margin	-30.9	-6.2	10.1	-0.9	-0.7
Return +
Return on Equity	-2.3	-1.6	4.3	-1.1	-0.8
Pre-tax ROCE	-3.6	-0.9	4.8	1.3	3.4
Return on Assets	-1.5	-0.5	1.9	-0.4	-0.4
Pre-tax ROIC	-2.4	-0.7	3.7	1.1	2.9
Efficiency +
Days Payable	244.0	155.0	109.0	44.0	41.0
Days Inventory	5.0	6.0	4.0	3.0	2.0
Days Receivable	44.0	43.0	38.0	30.0	26.0
Fixed Asset Turnover	0.1	0.1	0.3	0.6	0.7
Total Asset Turnover	0.0	0.1	0.2	0.4	0.5
Working Capital
Cash Conversion Cycle	-195.0	-106.0	-67.0	-11.0	-13.0
Working Capital Days	-1,414.0	-696.0	-67.0	-44.0	-25.0

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	0.3	1.6	1.3	1.5	1.3
Net Debt/Equity	0.2	1.6	1.2	1.4	1.3
Total Debt/Assets	0.2	0.5	0.5	0.5	0.5
Total Assets/Equity	1.6	3.1	2.7	3.0	2.7
Liquidity +
Current Ratio	0.4	0.4	0.7	0.5	0.6
Quick Ratio	0.4	0.4	0.7	0.5	0.6
Interest Coverage	1.2	3.0	5.2	1.4	2.0
Performance
Gross Margin	34.2	47.1	59.5	33.6	39.0
Operating Margin	9.1	22.8	28.1	6.2	12.0
Net Margin	-13.4	1.5	10.1	-3.0	-0.6
Return +
Return on Equity	-2.5	0.6	6.7	-4.1	-0.9
Pre-tax ROCE	-1.9	1.0	5.2	-0.4	3.2
Return on Assets	-1.6	0.2	2.5	-1.4	-0.3
Pre-tax ROIC	-1.4	0.8	5.0	-0.4	3.1
Efficiency +
Days Payable	110.0	126.0	105.0	46.0	44.0
Days Inventory	2.0	6.0	3.0	3.0	2.0
Days Receivable	21.0	34.0	44.0	31.0	26.0
Fixed Asset Turnover	0.1	0.1	0.3	0.5	0.7
Total Asset Turnover	0.1	0.1	0.2	0.5	0.6
Working Capital
Cash Conversion Cycle	-87.0	-86.0	-58.0	-12.0	-16.0
Working Capital Days	-684.0	-519.0	-79.0	-73.0	-32.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

Bank wise

Charges

Axis Trustee Services Limited

No. of Loans: 4

Total Amount : 4,111.0 cr

Axis Bank Limited

No. of Loans: 2

Total Amount : 111.0 cr

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 5.0 cr

Charge Holder	Amount	Date of creation/modification
Axis Trustee Services Limited	900.0 cr	09 Feb, 2024
Axis Bank Limited	85.0 cr	05 Oct, 2023
Axis Bank Limited	26.0 cr	05 Oct, 2023
Axis Trustee Services Limited	2,143.0 cr	21 Apr, 2023
Axis Trustee Services Limited	868.0 cr	30 Jan, 2023
Axis Trustee Services Limited	200.0 cr	10 Aug, 2022
IndusInd Bank Limited	5.0 cr	28 Feb, 2019

Charges

Axis Trustee Services Limited

Axis Bank Limited

IndusInd Bank Limited

People

Designation	Name	DIN/PAN	Tenure
Director	Samirkumar Barua	00211077	4 years
Director	Pradip Manilal Kanakia	00770347	4 years
Director	Jinal Sudhirbhai Mehta	02685284	7 years
CFO	Naresh Kumar Poddar	<HIDDEN>	6 years
Director	Manoj Jain	07556033	1 years
Kmp	Hardik Harshadkumar Sanghvi	<HIDDEN>	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address
TORRENT ENERGY LIMITED	Amalgamated	1,988.2 Cr	2	Gujarat
AXIS CAPITAL LIMITED	Active	73.5 Cr	1	Maharashtra
EQUITAS SMALL FINANCE BANK LIMITED	Active	1,138.5 Cr	1	Tamil Nadu
JM FINANCIAL LIMITED	Active	95.6 Cr	1	Maharashtra
SONA BLW PRECISION FORGINGS LIMITED	Active	621.3 Cr	1	Haryana
VIYASH LIFE SCIENCES PRIVATE LIMITED	Active	334.4 Cr	1	Telangana
HEALTHCARE GLOBAL ENTERPRISES LIMITED	Active	139.4 Cr	1	Karnataka
CAMLIN FINE SCIENCES LIMITED	Active	16.7 Cr	1	Maharashtra
BRITANNIA INDUSTRIES LTD	Active	24.1 Cr	1	West Bengal
SYMED LABS LIMITED	Active	93.0 L	1	Telangana
TORRENT INVESTMENTS PRIVATE LIMITED	Active	63.7 L	1	Gujarat
TORRENT POWER LIMITED	Active	480.6 Cr	1	Gujarat
TORRENT PHARMACEUTICALS LTD	Active	169.2 Cr	1	Gujarat

Subsidiary Companies

Name	State / Country	Incorporation Year	Paidup Capital
TORRENT GAS CHENNAI PRIVATE LIMITED	Gujarat	2019	₹ 227.0 Cr
TORRENT GAS JAIPUR PRIVATE LIMITED	Gujarat	2021	₹ 240.0 Cr

Registered Details

CIN

U40100GJ2018PLC102554

PAN

AAGCT7889P

Incorporation

2018, 6.9 years

Company Email

hardiksanghvi@torrentgas.com

Paid up Capital

₹ 1,675.0 Cr

Authorised Capital

₹ 2,416.0 Cr

AGM

Aug 2024

Type

Public

Non-government Company

FAQ - TORRENT GAS LIMITED

What is the incorporation date of TORRENT GAS LIMITED?

The incorporation date of TORRENT GAS LIMITED is 28 May, 2018

What is the authorized share capital of TORRENT GAS LIMITED?

The authorized share capital of TORRENT GAS LIMITED is INR ₹ 2,416.0 Cr.

What is the paid-up capital of TORRENT GAS LIMITED?

The paid-up capital of TORRENT GAS LIMITED is INR ₹ 1,675.0 Cr.

What is the registered address of TORRENT GAS LIMITED?

The registered address of TORRENT GAS LIMITED is Samanvay, 600, Tapovan, Ambawadi NA Ahmedabad Ahmedabad Gujarat - 380015

What is the CIN number of TORRENT GAS LIMITED?

The CIN number of TORRENT GAS LIMITED is U40100GJ2018PLC102554.

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