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TORRENT GAS LIMITED

Active
Updated: 22 Feb 2026

Torrent Gas Limited is a gas distribution company that focuses on providing piped natural gas and compressed natural gas services across various regions in India. It delivers a range of solutions for residential, commercial, and industrial customers, ensuring efficient and reliable energy supply while promoting sustainable energy usage and reducing carbon footprints.

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 , Gujarat. It's authorized share capital is INR 2,416.00 cr and the total paid-up capital is INR 1,675.00 cr.

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Subscription Plans
Industry and products
Electricity, Gas & Water
  • Manufacture of gas, distribution of gaseous fuels
Company size
Auth Capital
₹ 2,416.0 Cr
Paidup Capital
₹ 1,675.0 Cr
Revenue
₹ 3250-3500 cr
# Key metrics of Torrent Gas Limited - All rupee values in INR crores. Based on March 2025 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 2,416.0 Cr | | | Paidup Capital | ₹ 1,675.0 Cr | | | Revenue | ₹ 3250-3500 cr | | | Total Revenue | ₹3,477.8 | 35.1% | | EBITDA | ₹499.9 | 63.78% | | Net Profit | ₹121.4 | None% | | Networth | ₹2,158.1 | 6.06% | | Borrowings | ₹2,469.8 | 16.87% | | Assets | ₹5,265.8 | 10.79% | | Gross Margin | 36.3% | -2.21 | | Operating Margin | 14.6% | 2.64 | | Net Profit Margin | 3.5% | 4.15 | | Return on Equity | 5.6% | 6.46 | | ROCE | 8.4% | 5.04 | | Debt to Equity | 1.1 | 0.1 |
Key Metrics

** All rupee values in INR crores. Based on March 2025 numbers.

Total Revenue
35.1%
₹ 3,477.8
EBITDA
63.78%
₹ 499.9
Net Profit
-
₹ 121.4
Networth
6.06%
₹ 2,158.1
Borrowings
16.87%
₹ 2,469.8
Assets
10.79%
₹ 5,265.8
Gross Margin
-2.21
36.3 %
Operating Margin
2.64
14.6 %
Net Profit Margin
4.15
3.5 %
Return on Equity
6.46
5.6 %
ROCE
5.04
8.4 %
Debt to Equity
0.1
1.1
Sales
Mar 2025
Net worth
Mar 2025

Locations

indian flag India (27)
State Type Address

location icon Locations on Map

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People

Designation Name DIN/PAN Tenure
Director Jinal Sudhirbhai Mehta 02685284 8 years
Director Samirkumar Barua 00211077 5 years
Director Pradip Manilal Kanakia 00770347 5 years
Director Luna Tapan Pal 08415379 1 years
Managing Director Manoj Jain 07556033 2 years

Financial Highlights

** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales 120.5 468.9 1,911.6 2,549.1 3,421.2
Operating profit 15.0 132.6 172.6 305.2 499.9
Net profit -8.1 48.1 -18.4 -17.0 121.4
Gross margin 38.9 61.6 35.9 38.5 36.3
Operating margin 12.4 28.3 9.0 12.0 14.6
Net margin -6.2 10.1 -0.9 -0.7 3.5
Networth 521.4 1,105.3 1,717.7 2,034.8 2,158.1
Borrowings 777.1 1,186.6 2,011.9 2,113.4 2,469.8
Assets 1,520.7 2,569.6 4,364.6 4,753.0 5,265.8
Debt to equity 1.5 1.1 1.2 1.0 1.1
Current ratio 0.3 0.7 0.6 0.6 0.6
ROE -1.6 4.3 -1.1 -0.8 5.6
Days payable 155.0 109.0 44.0 41.0 34.0
WC days -696.0 -67.0 -44.0 -25.0 -26.0
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Margins

Gross margin
Operating margin
Net margin

Balance Sheet

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 550.0 1,085.0 1,675.0 1,675.0 1,675.0
Reserves -28.6 20.3 42.7 359.8 483.1
Borrowings + 777.1 1,186.6 2,011.9 2,113.4 2,469.8
Long term borrowings 595.5 1,075.0 1,833.4 2,054.8 2,391.1
Short term borrowings 181.6 111.6 178.5 58.6 78.7
Trade payables + 31.3 53.6 146.2 176.5 202.3
Days payable 155.0 109.0 44.0 41.0 34.0
Other liabilities + 190.9 224.2 488.9 428.4 435.6
Other non-current liabilities 54.9 87.4 209.2 170.9 183.8
Other current liabilities 136.0 136.8 279.7 257.5 251.8
Total liabilities 1,520.7 2,569.6 4,364.6 4,753.0 5,265.8
Fixed Assets + 1,219.9 1,796.8 3,453.7 3,708.2 3,910.4
Tangible assets 418.1 707.8 2,216.4 3,133.3 3,362.5
CWIP 800.4 1,073.9 1,190.1 537.3 518.1
Intangible assets 1.4 15.1 47.2 37.6 29.8
LT loans and advances 35.0 87.8 36.7 221.9 545.5
Other non-current assets 146.8 469.7 499.5 507.2 517.5
Current assets + 119.0 215.3 374.8 315.7 292.5
Inventories 1.2 2.2 11.2 7.4 8.7
Trade receivables 14.2 49.2 155.2 179.1 206.8
Cash and cash equivalents 12.6 73.3 30.5 16.7 17.1
ST loans and advances 3.1 13.7 - - -
Other current assets 87.9 76.9 177.9 112.5 60.0
Total assets 1,520.7 2,569.6 4,364.6 4,753.0 5,265.8
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Total assets

Profit & Loss

Standalone
Consolidated
%
** All numbers in INR crores
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Sales + 120.5 468.9 1,911.6 2,549.1 3,421.2
Sales growth % 469.05 289.11 307.68 33.35 34.21
Expenses + 139.9 413.6 1,963.2 2,597.3 3,327.6
Cost of goods 73.7 180.1 1,225.0 1,568.6 2,180.8
Employee cost 4.5 16.8 54.1 72.5 90.8
Other costs 27.3 139.4 459.8 602.8 649.7
Operating profit + 15.0 132.6 172.6 305.2 499.9
Operating margin % 12.4 28.3 9.0 12.0 14.6
Other income 9.8 8.2 11.5 25.1 56.6
Interest 10.6 26.2 92.8 166.5 214.3
Depreciation 23.8 51.1 131.4 187.0 192.0
Exceptional items - - - - -
Profit before tax -9.5 63.5 -40.1 -23.1 150.2
Tax -1.5 15.4 -21.7 -6.1 28.8
Profit - disc. ops - - - - -
Net profit -8.1 48.1 -18.4 -17.0 121.4
Net margin % -6.2 10.1 -0.9 -0.7 3.5
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Revenue from operations

Ratios

Standalone
Consolidated
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Solvency +
Total Debt/Equity 1.5 1.1 1.2 1.0 1.1
Net Debt/Equity 1.5 1.0 1.1 1.0 1.1
Total Debt/Assets 0.5 0.5 0.5 0.4 0.5
Total Assets/Equity 2.9 2.3 2.5 2.3 2.4
Liquidity +
Current Ratio 0.3 0.7 0.6 0.6 0.6
Quick Ratio 0.3 0.7 0.6 0.6 0.5
Interest Coverage 1.4 5.1 1.9 1.8 2.3
Performance
Gross Margin 38.9 61.6 35.9 38.5 36.3
Operating Margin 12.4 28.3 9.0 12.0 14.6
Net Margin -6.2 10.1 -0.9 -0.7 3.5
Return +
Return on Equity -1.6 4.3 -1.1 -0.8 5.6
Pre-tax ROCE -0.9 4.8 1.3 3.4 8.4
Return on Assets -0.5 1.9 -0.4 -0.4 2.3
Pre-tax ROIC -0.7 3.7 1.1 2.9 6.7
Efficiency +
Days Payable 155.0 109.0 44.0 41.0 34.0
Days Inventory 6.0 4.0 3.0 2.0 1.0
Days Receivable 43.0 38.0 30.0 26.0 22.0
Fixed Asset Turnover 0.1 0.3 0.6 0.7 0.9
Total Asset Turnover 0.1 0.2 0.4 0.5 0.7
Working Capital
Cash Conversion Cycle -106.0 -67.0 -11.0 -13.0 -11.0
Working Capital Days -696.0 -67.0 -44.0 -25.0 -26.0
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Ratios

Current ratio
Debt/equity ratio

Charges on assets

Bank wise
Charges
1

Axis Trustee Services Limited

No. of Loans: 4

Total Amount : 8,243.0 cr

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Charges

Axis Trustee Services Limited

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
TORRENT ENERGY LIMITED
Amalgamated
1,988.2 Cr 2 Gujarat
EQUITAS SMALL FINANCE BANK LIMITED
Active
1,140.3 Cr 1
IRELIA SPORTS INDIA PRIVATE LIMITED
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IRELIA SPORTS INDIA PRIVATE LIMITED
Active
82.3 Cr 2 Gujarat
HEALTHCARE GLOBAL ENTERPRISES LIMITED
Active
139.4 Cr 1 Karnataka
ICRA LIMITED
Active
9.7 Cr 1
CAMLIN FINE SCIENCES LIMITED
Active
18.8 Cr 1 Maharashtra
JM FINANCIAL LIMITED
Active
95.6 Cr 1 Maharashtra
SYMED LABS LIMITED
Active
93.0 L 1 Telangana
SONA BLW PRECISION FORGINGS LIMITED
Active
621.7 Cr 1 Haryana
BRITANNIA INDUSTRIES LTD
Active
24.1 Cr 1 West Bengal
VIYASH LIFE SCIENCES PRIVATE LIMITED
Active
334.4 Cr 1 Telangana
ICRA ANALYTICS LIMITED
Active
10.0 Cr 1 West Bengal
TORRENT INVESTMENTS PRIVATE LIMITED
Active
63.7 L 1 Gujarat
TORRENT POWER LIMITED
Active
503.9 Cr 1 Gujarat
TORRENT INVESTMENTS LIMITED
Active
63.7 L 1 Gujarat
TORRENT PHARMACEUTICALS LTD
Active
169.2 Cr 1 Gujarat
TORRENT GAS JAIPUR PRIVATE LIMITED
Active
240.0 Cr 2
TORRENT GAS CHENNAI PRIVATE LIMITED
Active
227.0 Cr 2 Gujarat
DHOLPUR CGD PRIVATE LIMITED
Active
19,600.0 1 Gujarat
JODHPUR WIND FARMS PRIVATE LIMITED
Active
111.0 Cr 1 Gujarat
TORRENT POWER GRID LIMITED
Active
240.0 Cr 1 Gujarat
GUJARAT LEASE FINANCING LIMITED
Active
27.1 Cr 1 Gujarat
LATUR RENEWABLE PRIVATE LIMITED
Active
110.0 Cr 1 Gujarat
TORRENT ELECTRICALS LIMITED
Active
210.0 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 2021 ₹ 240.0 Cr
DHOLPUR CGD PRIVATE LIMITED Gujarat 2019 ₹ 19,600.0

Tofler Score

Very Good
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Poor
Fair
Good
Very Good
Excellent

Risk

Severe Risk
  • No risks identified
Moderate Risk
  • LOW INTEREST COVERAGE
  • LOW ROCE
  • LOW CASH BALANCE
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.

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Peers / Similar Companies

Adani Total Gas Limited Gujarat
Irm Energy Limited Gujarat
Gujarat State Petronet Limited Gujarat
Indianoil - Adani Gas Private Limited Delhi

Peers

Registered Details

CIN

U40100GJ2018PLC102554

PAN

AAGCT7889P

Incorporation

2018, 8.0 years

Company Email

hardiksanghvi[at]torrentgas[dot]com

Paid up Capital

₹ 1,675.0 Cr

Authorised Capital

₹ 2,416.0 Cr

AGM

Jun 2025

Type

Public
Others

FAQ - TORRENT GAS LIMITED

What is the incorporation date of TORRENT GAS LIMITED?

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

What is the authorized share capital of TORRENT GAS LIMITED?

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

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

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

What is the registered address of TORRENT GAS LIMITED?

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

What is the CIN number of TORRENT GAS LIMITED?

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The CIN number of TORRENT GAS LIMITED is U40100GJ2018PLC102554.

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