Bombay Gas Company Limited Unlisted Shares
vs. prev. close ₹115
52W High
₹115
52W Low
₹115
Market cap
₹80 Cr
IPO stage
No DRHP filed
CIN
U65100MH1982PLC026295
Price History
52W High
₹115
52W Low
₹115
About Bombay Gas Company Limited Unlisted Shares
Bombay Gas Company unlisted shares - 164-year-old Mumbai institution, now a debt-free investment NBFC. Having licensed out its legacy gas distribution network for 999 years, Bombay Gas Company Limited now runs as an RBI-registered NBFC with a Rs 211.69 crore investment portfolio and zero bank debt. FY26 PAT grew to Rs 9.15 crore with an EPS of Rs 13.23 and book value of Rs 357.46 per share, backed by nearly Rs 258 crore in total assets.
Short Version :
Bombay Gas Company Limited, established in 1862 as Mumbai's original gas manufacturing and distribution utility, now operates as an RBI-registered Non-Banking Financial Company (NBFC, registration held since 1998) focused on investment and leasing activities. Its legacy 450-km cast iron gas distribution network across South and Central Mumbai has been licensed out for 999 years to Excel Telesonic India Pvt. Ltd. (its erstwhile subsidiary), freeing the company to run as a pure investment holding entity. Standalone revenue rose from Rs 17.21 crore to Rs 23.52 crore in FY26, while PAT grew from Rs 8.61 crore to Rs 9.15 crore, translating to an EPS of Rs 13.23 and book value of Rs 357.46 per share, with ROE of 3.70%. The balance sheet is dominated by a Rs 211.69 crore non-current investment portfolio and Rs 30.53 crore in cash against total assets of Rs 257.99 crore, with no bank borrowings.
Why It Trades Where It Does :
Bombay Gas's valuation is driven by its investment portfolio rather than an operating business: with the gas distribution asset licensed away for nearly a millennium, income now comes from holding and trading securities (stock-in-trade equity shares verified via demat holding), not utility operations. PAT grew 6.3% YoY even though FY25 had benefited from a one-off Rs 0.99 crore exceptional gain that did not recur in FY26 - profit before exceptional items and tax actually accelerated from Rs 10.50 crore to Rs 12.61 crore, pointing to stronger underlying investment income. Finance costs fell sharply (Rs 0.20 crore to near zero), and the company carries a long-standing Rs 3.75 crore short-term borrowing that, per the auditor's report, has no stipulated repayment terms and hasn't been demanded for repayment.
Top Risk :
Earnings depend on investment portfolio performance rather than a stable core operating business; the absence of FY25's one-off Rs 0.99 crore exceptional gain means FY26's growth has to be read on a like-for-like operating basis, not the headline PAT comparison alone.
The FY26 auditor's report carries an Emphasis of Matter: the company has not yet constituted its Audit Committee or completed its full complement of Independent Directors (only one on the board currently), a governance gap still being remediated.
Related-party dependency: Bombay Gas pays monthly rent to its holding company, Hamilton & Co. Ltd. (Rs 1,19,000 per month), and carries other long-term liabilities and an assigned loan whose terms aren't fully stipulated.
No dividend has been paid for two consecutive years despite consistent profitability, limiting near-term cash returns to shareholders.
As a closely held entity with no website and a small employee base (8), public disclosure and information flow are thinner than more actively covered unlisted names.
Top Opportunities :
Near debt-free NBFC balance sheet carrying Rs 211.69 crore in investments and Rs 30.53 crore in cash against paid-up equity capital of just Rs 6.92 crore - a large asset base relative to its outstanding share count.
PAT has grown for two straight years (Rs 8.61 crore to Rs 9.15 crore in FY26), with pre-exceptional, pre-tax profit growing even faster (20.1%), suggesting the core investment book is strengthening independent of one-off gains.
The 999-year licensing of its legacy gas distribution network converts what was once a capital-intensive regulated utility into a capital-light structure, letting the company redeploy its balance sheet entirely into its investment and leasing activities.
164 years of continuous operating history and a 28-year-old RBI NBFC registration reflect an established, regulator-recognized institution with a long track record of managing its own securities portfolio.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on platform transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Energy — Oil & Gas
Founded
1982
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
500
Face Value
₹10.00
Total Shares
6920520
Regulatory Information
Corporate Identity Number (CIN)
U65100MH1982PLC026295
PAN Number
AAACB5863D
ISIN
INE04OE01014
Key Valuation Ratios
Valuation
Market Cap
₹79.59 Cr
P/E Ratio
8.70×
P/S Ratio
3.40×
P/B Ratio
0.32×
EV / EBITDA
4.04×
Returns & Per Share
ROE
3.70%
EPS
₹13.23
Book Value / Share
₹357.48
Solvency
Debt / Equity
0.02×
Interest Coverage
2,743.28×
Company Fundamentals
As of FY2026 Annual · updated 16 Oct 2026Gross Profit
₹23.44 Cr
EBITDA
₹13.06 Cr
Revenue Growth
36.20%
Profit Margin
39.05%
Performance Trends
5 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.02×
EBITDA Margin
55.74%
Interest Coverage
2,743.28×
Financial Statements
| Line item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total Income | |||||
| Revenue from operationsDisclosed | 4.06₹ Crore | 4.76₹ Crore | 265.82₹ Crore | 17.21₹ Crore | 23.44₹ Crore |
| Other incomeDisclosed | 53₹ Thousand | 0₹ Crore | 5.81₹ Lakh | 0₹ Crore | 8.13₹ Lakh |
| Total IncomeDerived | 4.07₹ Crore | 4.76₹ Crore | 265.88₹ Crore | 17.21₹ Crore | 23.52₹ Crore |
| Expenses | |||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 1.07₹ Crore | 25.01₹ Lakh | 92₹ Thousand | 0₹ Crore | 5.34₹ Crore |
| Changes in inventoriesDisclosed | -48.71₹ Lakh | 18.63₹ Lakh | 10.32₹ Lakh | 25.36₹ Lakh | -1.74₹ Crore |
| Employee benefits expenseDisclosed | 3.55₹ Crore | 2.5₹ Crore | 2.87₹ Crore | 2.9₹ Crore | 2.63₹ Crore |
| Finance costsDisclosed | 14₹ Thousand | 4.54₹ Lakh | 11.18₹ Lakh | 19.83₹ Lakh | 46₹ Thousand |
| Depreciation and amortization expenseDisclosed | 1.05₹ Lakh | 2.31₹ Lakh | 1.98₹ Lakh | 4.36₹ Lakh | 44.38₹ Lakh |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 4.66₹ Crore | 75.85₹ Lakh | 25.13₹ Crore | 3.31₹ Crore | 4.23₹ Crore |
| Total ExpensesDerived | 8.8₹ Crore | 3.76₹ Crore | 28.24₹ Crore | 6.7₹ Crore | 10.9₹ Crore |
| Profit | |||||
| Exceptional itemsDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 98.96₹ Lakh | 0₹ Crore |
| Profit before taxDerived | -4.73₹ Crore | 99.39₹ Lakh | 237.63₹ Crore | 11.49₹ Crore | 12.61₹ Crore |
| Current tax expenseDisclosed | 2₹ Lakh | 5.6₹ Lakh | 54.69₹ Crore | 3.05₹ Crore | 3.5₹ Crore |
| Deferred tax expenseDisclosed | -42.21₹ Lakh | -9.94₹ Lakh | -5.42₹ Lakh | -8.62₹ Lakh | -4.76₹ Lakh |
| Tax expenseDisclosed | -53.57₹ Lakh | -24.64₹ Lakh | 54.64₹ Crore | 2.88₹ Crore | 3.46₹ Crore |
| Profit After TaxDerived | -4.2₹ Crore | 1.24₹ Crore | 182.99₹ Crore | 8.61₹ Crore | 9.15₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Total Comprehensive IncomeDerived | -4.2₹ Crore | 1.24₹ Crore | 182.99₹ Crore | 8.61₹ Crore | 9.15₹ Crore |
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Current Price
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About Bombay Gas Company Limited Unlisted Shares unlisted shares
Indicative · updated dailyBombay Gas Company Limited unlisted share price today
Bombay Gas Company Limited unlisted share price today is ₹115 as of 16 October 2026.
Bombay Gas Company Limited Unlisted Shares — frequently asked questions
- What is the grey market price for Bombay Gas Company Limited?
No IPO is currently announced for Bombay Gas Company Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Bombay Gas Company Limited filed for an IPO, and when might it list?
Bombay Gas Company Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Bombay Gas Company Limited compare to its listed peers?
There is no closely comparable listed company for Bombay Gas Company Limited in India today.
- Is Bombay Gas Company Limited on the SME or Mainboard IPO track?
Bombay Gas Company Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Bombay Gas Company Limited's CIN and registered office?
Bombay Gas Company Limited's Corporate Identity Number is U65100MH1982PLC026295, registered at Mumbai, Maharashtra, India.
- What is Bombay Gas Company Limited's market capitalisation?
Bombay Gas Company Limited's market capitalisation is approximately ₹80 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Bombay Gas Company Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Bombay Gas Company Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Bombay Gas Company Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Bombay Gas Company Limited unlisted shares?
Submit an Express Sell Interest for Bombay Gas Company Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Bombay Gas Company Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Bombay Gas Company Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Bombay Gas Company Limited's minimum is ₹57,500.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Bombay Gas Company Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Bombay Gas Company Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Bombay Gas Company Limited unlisted shares?
Bombay Gas Company Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Bombay Gas Company Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Bombay Gas Company Limited unlisted shares taxed?
If you sell unlisted shares, including Bombay Gas Company Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Bombay Gas Company Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Bombay Gas Company Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
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No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Bombay Gas Company Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Bombay Gas Company Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Bombay Gas Company Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
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