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Indraprastha Gas Ltd

(IGL)

₹442.351.27%

as on 04:01PM, 08 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Indraprastha Gas Ltd Analyst Rating

based on 32 analysts

HOLD

46.88%

Buy

31.25%

Hold

21.88%

Sell

Based on 32 analysts offering long term price targets for Indraprastha Gas Ltd. An average target of ₹490.78

Source: S&P Global Market Intelligence

Indraprastha Gas Ltd Share analysis

Indraprastha Gas Ltd price forecast by 32 analysts

Upside of10.95%

High

₹648

Target

₹490.78

Low

₹355

Indraprastha Gas Ltd target price ₹490.78, a slight upside of 10.95% compared to current price of ₹442.35. According to 32 analysts rating.

Source: S&P Global Market Intelligence

Indraprastha Gas Ltd Performance

  • Day's Low

    Day's High

    ₹433.55
    ₹445.2
  • 52 Week's Low

    52 Week's High

    ₹382.65
    ₹570.35
1 Month Return-16.93 %
3 Month Return-17.69 %
1 Year Return+ 11.97 %
Previous Close₹436.80
Open₹436.95
Volume34.34L
Upper Circuit-
Lower Circuit-
Market Cap₹30,576.03Cr

Indraprastha Gas Ltd Key Statistics

P/E Ratio16.78
PEG Ratio30.51
Market Cap₹30,576.03 Cr
P/B Ratio3.53
EPS28.33
Dividend Yield2.09
SectorGas Distribution
ROE22.36

Indraprastha Gas Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹30,576.03 Cr0.73%0.51₹1,983 Cr₹14,000 Cr
HOLD₹37,228.14 Cr32.62%0.52₹1,143 Cr₹15,690 Cr
HOLD₹22,026.81 Cr15.42%0.51₹2,183 Cr₹17,294 Cr
HOLD₹52,005.00 Cr3.24%0.59₹3,527 Cr₹52,729 Cr
HOLD₹1,38,359.82 Cr26.99%0.64₹9,902 Cr₹1,33,228 Cr

About Indraprastha Gas Ltd

Indraprastha Gas Ltd (IGL) is an Indian natural gas distribution company incorporated in 1998. IGL is the largest city gas distribution company in India and is headquartered in New Delhi. IGL operates in the natural gas distribution business with a network of over 1,400 kms of pipelines in Delhi, Noida, Greater Noida, and Ghaziabad. IGL's top products include Compressed Natural Gas (CNG) for vehicular use, Piped Natural Gas (PNG) for domestic, commercial, and industrial use, and Bio-Gas for industrial use.

CNG is used by over 1.5 million vehicles in Delhi, Noida, Greater Noida, and Ghaziabad. PNG is used by over 1.2 million households, commercial establishments, and industries in these areas.

Share Price: ₹442.35 per share as on 08 Nov, 2024 04:01 PM
Market Capitalisation: ₹30,576.03Cr as of today
Revenue: ₹3,697.60Cr as on September 2024 (Q3 24)
Net Profit: ₹454.17Cr as on September 2024 (Q3 24)
Listing date: 26 Dec, 2003
Chairperson Name: Shri R. K. Jain
OrganisationIndraprastha Gas Ltd
Headquarters
IndustryGas Distribution
E-voting on sharesClick here to vote

Key events for Indraprastha Gas Ltd

  • IGL Declares 275% Interim Dividend Announcement - 07 Nov, 2024

    Indraprastha Gas Limited (IGL) has declared a 275% interim dividend of Rs 5.50 per share for FY 2024-25, with a record date of November 12, 2024. The company's PAT grew by 21% quarter-on-quarter, reflecting positive financial performance.

  • Indraprastha Gas Sees Surge in CNG Registrations - 06 Nov, 2024

    Indraprastha Gas Limited's shares rose nearly 4% as CNG vehicle registrations surged 69% m/m and 45% y/y in October 2024, indicating strong consumer interest and potential revenue growth. The Citi report forecasts a 9-10% expansion in the CNG vehicle base for IGL and MGL in FY25, supporting their growth outlook.

  • Citi Maintains Buy Call on Indraprastha Gas - 05 Nov, 2024

    Citi has reaffirmed its buy rating on Indraprastha Gas Limited, setting a target price of Rs 525 per share, reflecting a 27% upside. The brokerage highlights a strong 9% year-over-year volume growth in Q2, indicating a rebound from previous quarters. They foresee a 7-8% CAGR in volumes over the next three years and have placed IGL on a 90-day positive catalyst watch.

  • Indraprastha Gas Faces Profitability Challenges - 04 Nov, 2024

    Indraprastha Gas and Mahanagar Gas report a 20% reduction in APM gas allocation for CNG sales, potentially increasing gas costs and leading to a decline in fiscal 2026 Ebitda. Management suggests a possible CNG price hike in Delhi to maintain margins, though timing remains uncertain.

  • Indraprastha Gas Upgraded to HOLD with Target Price - 30 Oct, 2024

    Indraprastha Gas reported lower-than-expected Q2 results but showed strong volume growth. The stock rating is upgraded from SELL to HOLD with a target price of Rs 402.

  • Indraprastha Gas Reports Q2 Results and Dividend - 29 Oct, 2024

    Indraprastha Gas Limited reported a 9% sales growth in Q2 FY25, with a net profit decline of 18%. The company declared an interim dividend of Rs 5.50 per share. Despite the profit drop, shares rallied due to revenue growth and positive analyst ratings, including Morgan Stanley's target price of Rs 575, indicating strong future potential.

  • Indraprastha Gas Reports Declining Profits in Q2 FY25 - 28 Oct, 2024

    Indraprastha Gas reported a net profit of ₹454 crore in Q2 FY25, an 18% decline YoY. The subsequent report showed a 19.41% drop to ₹431 crore, missing estimates. An interim dividend of ₹5.50 per share was declared despite the profit decline.

  • Negative Outlook for Indraprastha Gas Amid Competition - 25 Oct, 2024

    The potential declaration of gas networks as common carriers poses a negative outlook for Indraprastha Gas Ltd. Increased competition could lead to reduced profits for the company and others in the sector.

  • Indraprastha Gas Faces Major Gas Allocation Cut - 20 Oct, 2024

    Indraprastha Gas Ltd announced a significant 21% reduction in domestic gas allocation, effective October 16, 2024, which is expected to adversely affect profitability. The company is in discussions to mitigate the impact.

  • Indraprastha Gas Shares Plunge After Gas Allocation Cut - 18 Oct, 2024

    Indraprastha Gas Ltd shares fell significantly due to a 20% reduction in domestic gas allocation for CNG, impacting profitability. The stock tumbled up to 15% amid concerns over increased reliance on costly imported gas.

  • IGL Faces Profitability Hit from Gas Allocation Cut - 17 Oct, 2024

    Indraprastha Gas Ltd (IGL) reported a 21% reduction in domestic gas allocation, effective October 16, 2024, which is anticipated to adversely affect profitability. The company is in discussions to mitigate the impact.

  • Indraprastha Gas Q2 PAT Expected to Decline - 10 Oct, 2024

    Indraprastha Gas is projected to see a 17.5% year-on-year dip in Q2 PAT to Rs. 440 crore, with net sales expected to decrease by 1.3% YoY to Rs. 3,410 crore. EBITDA is also anticipated to fall by 7.9% YoY to Rs. 610 crore.

  • Citi Reiterates Buy Rating for Indraprastha Gas - 09 Oct, 2024

    Citi has reiterated its Buy rating on Indraprastha Gas Ltd (IGL) with a target price of ₹620, highlighting positive volume growth prospects and CNG vehicle adoption incentives. The stock has shown resilience, gaining over 11% in six months despite recent fluctuations.

Insights on Indraprastha Gas Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 3.67K Cr → 3.87K Cr (in ₹), with an average increase of 5.1% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 16.16% to 19.29% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, GAIL India Ltd has given 103.3% return, outperforming this stock by 113.8%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, GAIL India Ltd has given 64.5% return, outperforming this stock by 52.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 45.00% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 11.92% to 10.41% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 8.74% to 7.52% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, IGL stock has moved down by -16.9%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 481.2 Cr → 454.88 Cr (in ₹), with an average decrease of 5.5% per quarter

News

Top Gainers and Losers today on 30 July, 2024: Tata Motors, NTPC, LTI Mindtree, Cipla among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 99.56 points, or 0.12, to settle at 81355.84, while the Nifty gained 21.2 points, or 0.09, to close at 24836.1.30 Jul, 2024 04:03 PM

Buy Cipla; target of Rs 1830: Motilal Oswal

Motilal Oswal is bullish on Cipla has recommended buy rating on the stock with a target price of Rs 1830 in its research report dated July 26, 2024.30 Jul, 2024 10:18 PM

Accumulate Cipla; target of Rs 1680: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Cipla with a target price of Rs 1680 in its research report dated July 28, 2024.31 Jul, 2024 10:54 AM
View More

Indraprastha Gas Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹3,458.51Cr (-)₹3,550.41Cr (↑2.66%)₹3,596.79Cr (↑1.31%)₹3,520.60Cr (↓2.12%)₹3,697.60Cr (↑5.03%)
Net Income₹552.67Cr (-)₹475.45Cr (↓13.97%)₹433.29Cr (↓8.87%)₹480.22Cr (↑10.83%)₹454.17Cr (↓5.42%)
Net Profit Margin15.98% (-)13.39% (↓16.21%)12.05% (↓10.01%)13.64% (↑13.20%)12.28% (↓9.97%)
Value in ₹ crore
Details2021202220232024
Total Assets₹8,635.71Cr (-)₹10,530.62Cr (↑21.94%)₹11,883.81Cr (↑12.85%)₹13,253.10Cr (↑11.52%)
Total Liabilities₹2,763.86Cr (-)₹3,594.47Cr (↑30.05%)₹4,797.25Cr (↑33.46%)₹4,701.36Cr (↓2.00%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹1,360.75Cr (-)₹1,545.97Cr (↑13.61%)₹1,897.90Cr (↑22.76%)₹2,230.59Cr (↑17.53%)₹1,535.66Cr (↓31.15%)

Index Inclusions

S&P BSE 250 LargeMidCap

₹10,536.53

-0.57 (-60.03%)

Nifty Midcap 150

₹20,919.90

-1.3 (-274.95%)

BSE 200

₹11,109.17

-0.53 (-59.47%)

Nifty Midcap 100

₹56,352.00

-1.33 (-757.15%)

S&P BSE OIL & GAS

₹27,324.24

-2.08 (-580.64%)

Nifty MidSmallcap 400

₹19,796.45

-1.39 (-280%)

Nifty LargeMidcap 250

₹15,789.35

-0.87 (-138.5%)

BSE Mid-Cap

₹46,080.07

-1.18 (-548.46%)

Nifty 200

₹13,602.30

-0.58 (-79.45%)

Nifty 500

₹22,645.65

-0.7 (-160.6%)

S&P BSE Energy

₹11,565.90

-2.1 (-247.8%)

BSE 500

₹35,663.87

-0.67 (-239.76%)

S&P BSE 150 MidCap

₹15,831.74

-1.31 (-210.24%)

S&P BSE 400 MidSmallCap

₹12,115.41

-1.4 (-171.94%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Indraprastha Gas Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
45%
0.00
Foreign Institutions
19.29%
19.37
Mutual Funds
10.41%
-12.64
Retail Investors
7.52%
-13.92
Others
17.78%
-2.24

Indraprastha Gas Ltd Key Indicators

Details20202021202220232024
Return On Equity %24.7318.3920.5320.6122.36
Details20202021202220232024
Return On Assets %17.3513.5814.2713.814.98
Details20202021202220232024
Book Value Per Share (₹)76.5490.49108.37113.3137.62
Details20202021202220232024
Earning Per Share (₹)17.8416.7521.4623.4228.33

Indraprastha Gas Ltd Valuation

Indraprastha Gas Ltd in the last 5 years

  • Overview

  • Trends

Lowest (14.18x)

July 28, 2022

Today (16.78x)

November 8, 2024

Industry (20.32x)

November 8, 2024

Highest (36.62x)

February 11, 2021

LowHigh

Indraprastha Gas Ltd Earnings and Dividends

  • Indraprastha Gas Ltd Earnings Results

    Indraprastha Gas Ltd’s net profit fell -17.69% since last year same period to ₹454.88Cr in the Q2 2024-2025. On a quarterly growth basis, Indraprastha Gas Ltd has generated -5.47% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Indraprastha Gas Ltd Dividends May,2024

    In the quarter ending March 2024, Indraprastha Gas Ltd has declared dividend of ₹5 - translating a dividend yield of 2.03%.

    Read More about Dividends

Indraprastha Gas Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Indraprastha Gas Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Indraprastha Gas Ltd (IGL) share price today is ₹442.35

Indraprastha Gas Ltd is listed on NSE

Indraprastha Gas Ltd is listed on BSE

  • Today’s highest price of Indraprastha Gas Ltd is ₹445.2.
  • Today’s lowest price of Indraprastha Gas Ltd is ₹433.55.

PE Ratio of Indraprastha Gas Ltd is 16.78

PE ratio = Indraprastha Gas Ltd Market price per share / Indraprastha Gas Ltd Earnings per share

Today’s traded volume of Indraprastha Gas Ltd(IGL) is 34.34L.

Today’s market capitalisation of Indraprastha Gas Ltd(IGL) is ₹30576.03Cr.

Indraprastha Gas Ltd(IGLPrice
52 Week High
₹570.35
52 Week Low
₹382.65

Indraprastha Gas Ltd(IGL) share price is ₹442.35. It is down -22.44% from its 52 Week High price of ₹570.35

Indraprastha Gas Ltd(IGL) share price is ₹442.35. It is up 15.60% from its 52 Week Low price of ₹382.65

Indraprastha Gas Ltd(IGLReturns
1 Day Returns
5.55%
1 Month Returns
-16.93%
3 Month Returns
-17.69%
1 Year Returns
11.97%