---
title: "Eastern Gases Ltd(Liquidated) (540790) — Share Price, Financials & Analysis"
symbol: "540790"
company: "Eastern Gases Ltd(Liquidated)"
canonical: "https://tapetide.com/stocks/540790"
isin: "INE846C01014"
bse_code: "540790"
sector: "Energy"
industry: "Petroleum Products"
generated_at: "2026-09-13T18:36:53.303Z"
---

# Eastern Gases Ltd(Liquidated) (540790)

Canonical page: https://tapetide.com/stocks/540790

## Company

- **BSE Code:** 540790
- **ISIN:** INE846C01014
- **Sector:** Energy
- **Industry:** Petroleum Products
- **Macro Sector:** Energy
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** eastgas.in

## About

Eastern Gases Limited is engaged in manufacturing of gas and distributing of gaseous fuels.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 70.7 to 55.1 days.

### Weaknesses

- Company has low interest coverage ratio.
- Company has a low return on equity of 6.55% over last 3 years.
- Contingent liabilities of Rs.6.01 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | — | -48% | -26% |
| revenue growth | -96% | 4% | 13% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 63.76 | 70.3 | 70.96 | 62.79 | 70.62 | 76.74 | 77.04 | 49.18 | 4 | 3.62 | 2.87 | 1.58 |
| Expenses | 61.02 | 66.92 | 67.71 | 59.66 | 68.35 | 73.47 | 74.67 | 49.2 | 3.94 | 3.46 | 3.5 | 2.47 |
| Operating Profit | 2.74 | 3.38 | 3.25 | 3.13 | 2.27 | 3.27 | 2.37 | -0.02 | 0.06 | 0.16 | -0.63 | -0.89 |
| OPM % | 4.3 | 4.81 | 4.58 | 4.98 | 3.21 | 4.26 | 3.08 | -0.04 | 1.5 | 4.42 | -21.95 | -56.33 |
| Other Income | 0 | 0 | 0 | 0.99 | 0.08 | 0.06 | 0.28 | 1.42 | 0.26 | 0.09 | -37.43 | -0.83 |
| Interest | 1.76 | 2.07 | 1.93 | 2.16 | 1.34 | 2.3 | 1.59 | 3.55 | 1.26 | 0.57 | 0 | 0 |
| Depreciation | 0.27 | 0.57 | 0.57 | -0.28 | 0.28 | 0.28 | 0.28 | -0.46 | 0.24 | 0.24 | 0.21 | 0.63 |
| Profit before tax | 0.71 | 0.74 | 0.75 | 2.24 | 0.73 | 0.75 | 0.78 | -1.69 | -1.18 | -0.56 | -38.27 | -2.35 |
| Tax % | 0 | 0 | 0 | 59.38 | 0 | 0 | 0 | 24.85 | 0 | 0 | 0 | -12.77 |
| Net Profit | 0.71 | 0.74 | 0.75 | 0.91 | 0.73 | 0.74 | 0.78 | -2.09 | -1.17 | -0.56 | -38.27 | -2.05 |
| EPS in Rs | 0.47 | 0.49 | 0.5 | 0.61 | 0.49 | 0.49 | 0.52 | -1.39 | -0.78 | -0.37 | -25.51 | -1.37 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 38 | 63 | 90 | 136 | 209 | 227 | 228 | 268 | 254 | 12 |
| Expenses | 37 | 61 | 86 | 131 | 204 | 218 | 218 | 255 | 245 | 13 |
| Operating Profit | 1 | 2 | 3 | 4 | 6 | 9 | 10 | 12 | 9 | -1 |
| OPM % | 3.6 | 3.2 | 3.9 | 3.3 | 2.8 | 4 | 4.6 | 4.7 | 3.7 | -11 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | -38 |
| Interest | 1 | 1 | 2 | 2 | 3 | 5 | 6 | 8 | 9 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 1 |
| Profit before tax | 1 | 1 | 1 | 2 | 3 | 3 | 4 | 4 | 1 | -42 |
| Tax % | 13 | 19 | 26 | 22 | 21 | 34 | 33 | 30 | 43 | — |
| Net Profit | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 3 | 1 | -42 |
| EPS in Rs | 0.56 | 0.74 | 1.16 | 1.72 | 1.45 | 1.53 | 1.83 | 2.09 | 0.37 | -28.03 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7 | 8 | 8 | 9 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 1 | 1 | 2 | 9 | 10 | 13 | 16 | 18 | 19 | -21 |
| Borrowings | 6 | 11 | 12 | 10 | 19 | 38 | 47 | 52 | 52 | 76 |
| Other Liabilities | 5 | 13 | 14 | 20 | 21 | 24 | 16 | 10 | 9 | 9 |
| Total Liabilities | 19 | 34 | 36 | 48 | 65 | 90 | 94 | 96 | 95 | 79 |
| Fixed Assets | 5 | 6 | 7 | 9 | 8 | 23 | 27 | 29 | 27 | 26 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 3 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 |
| Other Assets | 14 | 27 | 30 | 40 | 57 | 65 | 67 | 67 | 66 | 53 |
| Total Assets | 19 | 34 | 36 | 48 | 65 | 90 | 94 | 96 | 95 | 79 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1 | -5 | -3 | 0 | -2 | 1 | 8 | 13 | 3 | 10 |
| Cash from Investing Activity | -1 | 5 | -3 | -1 | -2 | 0 | -18 | -2 | -2 | 0 |
| Cash from Financing Activity | 0 | 1 | 6 | 1 | 4 | 0 | 10 | -9 | -3 | -9 |
| Net Cash Flow | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | -2 | 0 |
| Free Cash Flow | 0 | -6 | -4 | -2 | -4 | 0 | -10 | 9 | 1 | 9 |
| CFO/OP | 232 | -350 | -116 | 0 | -29 | 19 | 97 | 125 | 25 | 109 |

### Ratios

| Item | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 96 | 92 | 122 | 89 | 88 | 82 | 85 | 86 | 70 | 55 |
| Inventory Days | 4 | 5 | 6 | 6 | 1 | 1 | 1 | 2 | 9 | 19 |
| Days Payable | 10 | 43 | 67 | 41 | 42 | 33 | 37 | 22 | 8 | 6 |
| Cash Conversion Cycle | 90 | 53 | 61 | 54 | 48 | 50 | 50 | 66 | 72 | 68 |
| Working Capital Days | 74 | 62 | 72 | 28 | 34 | 30 | 28 | 24 | 23 | 23 |
| ROCE % | 5 | 13 | 11 | 15 | 16 | 15 | 16 | 14 | 15 | 12 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Jun 2018 |
| --- | --- | --- |
| Promoters | 56.83% | 56.83% |
| DIIs | 0% | 0.06% |
| Public | 43.17% | 43.11% |
| No. of Shareholders | 2171 | 2181 |

### Quarterly

| Category | Dec 2017 | Mar 2018 | Jun 2018 |
| --- | --- | --- | --- |
| Promoters | 56.83% | 56.83% | 56.83% |
| DIIs | 0% | 0% | 0.06% |
| Public | 43.17% | 43.17% | 43.11% |
| No. of Shareholders | 2174 | 2171 | 2181 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Sell
- **Buy / Neutral / Sell:** 6 / 5 / 8

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 11.01 | Sell |
| EMA (10) | 11.01 | Sell |
| SMA (20) | 12.55 | Sell |
| EMA (20) | 11.93 | Sell |
| SMA (50) | 12.95 | Sell |
| EMA (50) | 13.53 | Sell |
| SMA (100) | — | Neutral |
| EMA (100) | — | Neutral |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 20.55 | Buy |
| MACD (12,26,9) | -1.05 | Sell |
| Stochastic (14,3,3) | 0 | Buy |
| ADX (14) | 27.29 | Buy |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 0.47 | High Volatility |
| ROC (12) | -28.02 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 4.97 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jan - Certificate confirming compliance with Regulation 74(5) of the SEBI (DP) Regulations, 2018, for the quarter ended December, 31, 2025. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 9 Jan - Certificate confirming compliance with Regulation 74(5) of the SEBI (DP) Regulations, 2018, for the quarter ended December, 31, 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5d6dfede-42ee-45d1-b306-c2ff5a0da23c.pdf) |
| 9 Feb - Q3/9M Dec 31, 2025 results: Q net profit ₹141.84cr; exceptional charge ₹58.20cr; exclusive marketing deal with Cipla. | [Board Meeting Outcome for Outcome Of Board Meeting - Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025. 9 Feb - Q3/9M Dec 31, 2025 results: Q net profit ₹141.84cr; exceptional charge ₹58.20cr; exclusive marketing deal with Cipla.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4cae829d-ec9a-483c-8be3-10978466e2e1.pdf) |
| 5 Feb - SEBI special window Feb 5, 2026–Feb 4, 2027 for re-lodgement and dematerialisation of pre-April 1, 2019 physical share transfers. | [Newspaper Advertisement 5 Feb - SEBI special window Feb 5, 2026–Feb 4, 2027 for re-lodgement and dematerialisation of pre-April 1, 2019 physical share transfers.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/16014756-1ddb-45a7-b8ef-e04b6ef2c7fb.pdf) |
| 30 Jan - Board meeting Feb 9, 2026 to approve quarter and nine-month results ended Dec 31, 2025; trading window closed. | [Board Meeting Intimation for Board Meeting To Consider And Approve The Unaudited Financial Results For The Quarter And Nine Months Ended December 31, 2025. 30 Jan - Board meeting Feb 9, 2026 to approve quarter and nine-month results ended Dec 31, 2025; trading window closed.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ddcbd3ff-73c5-46de-8714-4a0ad709518b.pdf) |
| 20 Jan - Nilesh Pendse appointed Category Lead–Vaccines effective Feb 1, 2026; other senior role restructurings. | [Announcement under Regulation 30 (LODR)-Change in Management 20 Jan - Nilesh Pendse appointed Category Lead–Vaccines effective Feb 1, 2026; other senior role restructurings.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/fcefdd38-abc4-41ea-b4fa-4db4bd11c904.pdf) |
| — | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 27 Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=55ce65db-1e47-4d06-aaf6-223de0f94559.pdf) |
| — | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 27 Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/55ce65db-1e47-4d06-aaf6-223de0f94559.pdf) |
| — | [Outcome of Board Meeting 14 Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f25ebeb0-dcf7-4d46-981b-db7fb878b074.pdf) |
| — | [Outcome of Board Meeting 14 Aug 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/8/f25ebeb0-dcf7-4d46-981b-db7fb878b074.pdf) |
| — | [Board Meeting Intimation for Declaration Of Un-Audited Financial Result For The Quarter Ended 30.06.2018 11 Aug 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fcf271f2-2147-4cb5-944a-497dd8db6996.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Financial Year 2013 from nse](https://archives.nseindia.com/annual_reports/AR_1016_PFIZER_2012_2013_16082013113811.zip) |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ca2d461a-9579-4603-b773-388de30d5565.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f95397ef-bd6f-4b5c-8ed6-151421762f49.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a636b83a-573c-48cc-a7bf-d9dfa9c34f5c.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/500680/74114500680.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/500680/69146500680.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/500680/5006800320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/500680/5006800319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/500680/5006800318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540790/5407900317.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2016 | [Concall - Nov 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=228C08F1_8F65_458D_B6E8_80D9399961B7_165726.pdf) |
| May 2017 | [Concall - May 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/5/3a306898-c4e3-4f7e-aece-61e65a5e4733.pdf) |
| May 2016 | [Concall - May 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=04282890_0507_464D_B12B_6B23A878262F_163149.pdf) |
| Feb 2017 | [Concall - Feb 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=45EBD7D9_1846_47C4_9BD8_7CD66CDED8CB_165427.pdf) |
| Feb 2016 | [Concall - Feb 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6107176F_B6F2_4C62_BAAF_22C1DB73717F_161003.pdf) |
| Aug 2020 | [Concall - Aug 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/db5745d1-8eac-4e5c-8daf-e12a267909b7.pdf) |
| Aug 2016 | [Concall - Aug 2016](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8198EA0B_9F13_4212_A5C3_68A867E42B33_165813.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:36:53.303Z.