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Indraprastha Gas Ltd (IGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532514 NSE: IGL Gas Transmission/Marketing | Small Cap | Indraprastha Gas Share Price

₹152.25 -1.20 (-0.78%)

As on 11-Sep'26 16:01

Indraprastha Gas Ltd (IGL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532514 NSE: IGL Gas Transmission/Marketing | Small Cap | Indraprastha Gas Share Price

₹152.25 -1.20 (-0.78%)

As on 11-Sep'26 16:01

Key Metrics
Valuation Multiples
Market Cap
₹21,483 Cr.
Current Price
₹152.3
52-Week Low / High
₹142 / 224
TTM EPS
₹8.5
TTM Sales
₹18,559 Cr.
Book Value per Share
₹72.7
P/E Ratio
17.99
Lower than its 5-year historical median
Industry PE
17
Price to Book (P/B)
2.11
Lower than its 5-year historical median
Price to Sales (P/S)
1.16
Lower than its 5-year historical median
EV/EBITDA
8.71
Lower than its 5-year historical median
Dividend Yield
3.12%
Profitability Efficiency
Return on Equity (ROE)
14.16%
Return on Capital Employed (ROCE)
19.08%
Return on Assets (ROA)
9.21%
Operating Profit Margin
11.6%
Net Profit Margin
8.44%
Gross Profit Margin
13%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
8.41%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-5.58%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-7.05%
Asset Quality
Promoter Holding
45.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9,893 Cr.
Equity
₹280 Cr.
Face Value
₹2
All Time Low / High
₹5.57 / 302.00

Indraprastha Gas stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Semi Strong
Q.1 Is Indraprastha Gas Ltd a good quality company?
Indraprastha Gas Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Indraprastha Gas Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indraprastha Gas Ltd vs industry peers?
Indraprastha Gas Ltd revenue CAGR is 26.76%, compared to the industry median CAGR of 22.8%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Indraprastha Gas Ltd?
Promoters hold 45.00% of the Indraprastha Gas Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indraprastha Gas Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 7.3% based on the current price.

DeciZen - make an informed investing decision on Indraprastha Gas

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

3. Right Time

#Likely Future 5 Year CAGR.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indraprastha Gas Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 31.9%32.3%31.7%31.2%24.8%28%27.9%29.9%22%19.1%-
Value Creation
Index
1.41.91.81.81.21.51.51.71.00.7-

Growth Parameters

Sales 3,8154,5355,7656,4854,9417,71014,13314,00014,91216,16718,559
Sales YoY Gr.-18.9%27.1%12.5%-23.8%56.1%83.3%-0.9%6.5%8.4%-
Adj EPS 4.14.85.68.17.29.410.312.510.59.88.5
YoY Gr.-18.6%16.3%44.6%-11.7%30.7%9.9%21.1%-16%-6.7%-
BVPS (₹) 20.925.129.536.241.949.550.661.166.371.372.7
Adj Net
Profit
5716777881,1401,0061,3161,4461,7521,4711,3741,194
Cash Flow from Ops. 9468791,1571,3611,5461,8982,2311,5362,1901,947-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 17.4%26.8%4.6%8.4%
Adj EPS 10.2%6.4%-1.7%-6.7%
BVPS14.6%11.2%12.1%7.6%
Share Price 7.2% -11.6% -14% -29%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
212120.624.818.420.620.622.416.514.311.9
Op. Profit
Mgn %
25.4252223.730.324.614.517.113.311.78.8
Net Profit
Mgn %
1514.913.717.620.417.110.212.59.98.56.4
Debt to
Equity
0000000000-
Working Cap
Days
3127242129263043393156
Cash Conv.
Cycle
-4-14-12-8-16-19-8-6-7-88

Valuation of Indraprastha Gas - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales3,8154,5355,7656,4854,9417,71014,13314,00014,91216,167
Operating Expenses + 2,8453,4134,4974,9533,4475,81712,09111,61512,93314,298
Manufacturing Costs4875826867897699031,1041,1441,1851,176
Material Costs2,0842,4913,3973,6792,2304,39210,4369,81311,07312,386
Employee Cost 92106143152134176188227200251
Other Costs 183234271334314346363431474486
Operating Profit 9691,1221,2681,5321,4941,8932,0422,3851,9791,869
Operating Profit Margin (%) 25.4%24.7%22.0%23.6%30.2%24.5%14.4%17.0%13.3%11.6%
Other Income + 65100146156150215276363457484
Exceptional Items 0000000000
Interest 791320222527282533
Depreciation 167181201252290317363414474515
Profit Before Tax 8611,0321,2001,4161,3311,7661,9282,3071,9371,806
Tax 290362413279326451483559469441
Profit After Tax 5716717871,1371,0061,3151,4451,7481,4681,364
PAT Margin (%) 15.0%14.8%13.7%17.5%20.4%17.1%10.2%12.5%9.8%8.4%
Adjusted EPS (₹)4.14.85.68.17.29.410.312.510.59.7
Dividend Payout Ratio (%)20.80%20.90%21.40%17.30%25.10%29.30%63%36%66.80%48.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,9273,5134,1305,0625,8726,9367,0878,5529,2849,987
Share Capital 140140140140140140140140280280
Reserves 2,7873,3733,9904,9225,7326,7966,9478,4129,0049,707
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables2743393262254197879049859351,072
Others Liabilities 8861,0771,4931,8852,2972,7293,7883,5843,9704,374
Total Liabilities 4,0864,9285,9497,1728,58710,45211,77913,12114,18915,433

Fixed Assets

Net Fixed Assets +2,1172,4322,8773,5574,3215,0025,7346,5997,1718,005
Gross Block2,4002,8893,5184,4145,4506,3407,3898,8029,84411,062
Accumulated Depreciation2824576428571,1291,3381,6552,2042,6733,057
CWIP 3523864787778471,3791,4341,3961,4861,481
Investments 6771,1481,5442581,8261,9766771,1581,6221,676
Inventories52525151464649524956
Trade Receivables2012262211702615219031,019708921
Cash Equivalents 6095586072,1801,1321,3622,1322,1492,2572,926
Others Assets 78126171179155168849748897368
Total Assets 4,0864,9285,9497,1728,58710,45211,77913,12114,18915,433
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 9468791,1571,3611,5461,8982,2311,5362,1901,947
PBT 8611,0321,2001,4161,3311,7661,9282,3071,9371,806
Adjustment 11093621171571301399896106
Changes in Working Capital 24584264172347378647-383552431
Tax Paid -269-330-369-344-289-376-483-487-395-395
Cash Flow From Investing Activity + -1,114-717-1,121-521-1,826-1,585-841-1,095-1,492-1,200
Capex -271-470-681-963-883-1,337-1,122-1,202-1,122-1,323
Net Investments -900-273-486401-1,079-322825-778-628-217
Others 5726464213575-544886257340
Cash Flow From Financing Activity + -160-84-169-243-297-328-1,359-334-775-714
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00-0-0000-7-6-5
Dividend Paid -133-70-140-168-196-252-1,295-280-735-665
Others -27-14-29-75-101-77-64-47-34-44
Net Cash Flow -32878-133597-577-1531107-7733
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)20.9820.8320.5924.7318.3920.5320.6122.3616.4614.16
ROCE (%)31.8832.3331.7431.2424.7627.9627.8829.862219.08
Asset Turnover Ratio1.131.111.171.090.690.891.41.241.21.2
PAT to CFO Conversion(x)1.661.311.471.21.541.441.540.881.491.43
Working Capital Days
Receivable Days19.6015.6012.801014.5016.8016.7022.7019.2016.70
Inventory Days4.703.8032.603.2021.101.201.101.10
Payable Days38.1044.9035.7027.3052.7050.1029.6035.1031.6029.60

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Indraprastha Gas Ltd FAQs

The current trading price of Indraprastha Gas on 11-Sep-2026 16:01 is ₹152.2.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 10-Sep-2026 the market cap of Indraprastha Gas stood at ₹21,483 Cr

The latest P/E ratio of Indraprastha Gas as of 10-Sep-2026 is 17.99.

The latest P/B ratio of Indraprastha Gas as of 10-Sep-2026 is 2.11.

The 52-week high of Indraprastha Gas is ₹223.6 and the 52-week low is ₹141.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹18,559 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indraprastha Gas Ltd is a good quality company.

The key valuation ratios of Indraprastha Gas Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Indraprastha Gas Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Indraprastha Gas Ltd

Indraprastha Gas Limited (IGL) is incorporated in 1998, the company is a Joint Venture of GAIL and BPCL. Government of National Capital Territory (NCT) of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers.

The project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors. With the backing of strong promoters - GAIL (India) and Bharat Petroleum Corporation (BPCL) - IGL plans to provide natural gas in the entire capital region.

Business area of the company

The company mainly operates in two businesses, they are:

  • To provide safe, convenient and reliable natural gas supply to its customers in the domestic and commercial sectors.
  • To provide a cleaner, environment-friendly alternative as auto fuel to residents of the areas of NCT of Delhi; districts Gautam Budh Nagar, Ghaziabad, Hapur, Muzaffarnagar, Shamli, uncovered parts of Meerut & Kanpur, Fatehpur and Hamirpur in Uttar Pradesh; districts Rewari, Gurugram, Karnal and Kaithal in Haryana; and, district Ajmer, Pali & Rajsamand in Rajasthan. This will considerably bring down the alarmingly high levels of pollution.

Products

PNG - PNG is mainly methane - CH4 with a small percentage of other higher hydrocarbons. The ratio of carbon to hydrogen is least in methane and hence it burns almost completely making it the cleanest fuel. It is procured from the oil / gas wells and transported through a network of pipelines across the country.

CNG - CNG stands for compressed natural gas. It is gaseous fuel and is a mixture of hydrocarbons mainly Methane. For use in Automobiles as fuel, it is compressed to a pressure of 200-250 Kg/cm² to enhance the vehicle on-board storage capacity.CNG is a fossil fuel substitute for other auto fuels such as petrol, diesel, Auto LPG etc.

Commercial & Industrial Usage - Natural gas is a versatile fuel which is gaining immense popularity for Industrial and commercial usage. Under the commercial sector all leading hotels, restaurants, malls, commercial complexes and hospitals in the Delhi & NCR are being supplied PNG by IGL. In the industrial sector, PNG is being used to run boilers, furnaces, ovens, hot water generators, thermifluid heaters, gas turbines for power generation and Vapour Absorption Machines (VAM) for heating and cooling applications. Industries have saved on cost and storage space by using PNG and in turn pollution levels have also gone down.

Awards for CSR activities:

  • CSR Community Initiative Awards for IGL Swasth Saarthi and Self Defence training programmes at New Delhi.
  • CSR Health Impact Awards 2018 for IGL Swasth Saarthi programme at New Delhi.
  • Asia’s best CSR Leadership Awards for categories of Women Empowerment and Innovation in CSR practices at Singapore.
  • CSR Times Awards 2018 organized at New Delhi.
  • Social Imprints - CSR Awards & Summit 2019 for Women Empowerment organized at New Delhi.
  • Social and Business Enterprise Responsible Awards organized by SABERA for IGL Swasth Saarthi Programme at New Delhi.
  • CSR Leadership award under the category Conservation, Pollution Control and Clean Environment & Resources held at New Delhi.
  • Award for Gender Sensitization CSR programme at Dainik Jagran CSR awards 2019 at New Delhi.
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