Indraprastha Gas Ltd Stock Analysis

BSE: 532514 | NSE: IGL | Industrial Gases & Fuels | Large Cap

BSE Share Price Jul 01, 18:01
359.90 3.80 (1.07%)

DeciZen - Make an Informed Decision on Indraprastha Gas

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

FAQs

1. Is Indraprastha Gas Ltd a good quality company?

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

2. Is Indraprastha Gas Ltd undervalued or overvalued?

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

3. Is Indraprastha Gas Ltd a good buy now?

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

10 Year X-Ray of Indraprastha Gas:

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

Value Creation Index Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
ROCE % 22.1%21.4%19.4%21.2%18.1%21.2%21.2%20.9%25.1%18.7%-
Value Creation Index 0.60.50.40.50.30.60.90.91.20.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,5173,3673,9143,6813,6863,8154,5355,7656,4854,9418,485
YoY Gr. Rt. %-33.8%16.2%-6%0.1%3.5%18.9%27.1%12.5%-23.8%-
Adj EPS 4.45.15.26.368.29.711.316.314.418.8
YoY Gr. Rt. %-15.5%1.6%21.6%-4.3%36.2%18.6%16.3%44.6%-11.7%-
BVPS (₹) 17.621.325.2303641.850.25972.383.999.1
Adj Net Profit 3073553614384205716777881,1401,0061,315
Cash Flow from Ops. 6126436486646539468791,1571,3611,546-
Debt/CF from Ops. 0.90.70.50.2000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.8%6%2.9%-23.8%
Adj EPS 14.1%19.1%14.1%-11.7%
BVPS 1918.518.716
Share Price 22.4% 11.2% 5.7% -36.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21TTM
Return on Equity % 27.526.122.222.718.2212120.624.818.420.5
Op. Profit Mgn % 25.422.720.121.721.225.4252223.730.322.2
Net Profit Mgn % 12.210.59.211.911.41514.913.717.620.415.5
Debt to Equity 0.40.30.20.10000000
Working Cap Days 104706165483127242129128
Cash Conv. Cycle -12-6-115-4-14-12-8-1622

Recent Performance Summary

Net Profit is growing at healthy rate in last 3 years 14.08%

Sales growth is good in last 4 quarters at 61.77%

Return on Equity has declined versus last 3 years average to 20.50%

Sales growth has been subdued in last 3 years 2.89%

Latest Financials - Indraprastha Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 18.8 21.5
TTM Sales (₹ Cr.) 8,485 8,485
BVPS (₹.) 99.1 108.4
Reserves (₹ Cr.) 6,796 7,446
P/BV 3.59 3.29
PE 18.96 16.59
From the Market
52 Week Low / High (₹) 322.10 / 604.00
All Time Low / High (₹) 11.13 / 604.00
Market Cap (₹ Cr.) 24,927
Equity (₹ Cr.) 140
Face Value (₹) 2
Industry PE 9.4

Management X-Ray of Indraprastha Gas :

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 (%)

Event Update

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Analyst's Notes

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News

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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