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.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||22.1%||21.4%||19.4%||21.2%||18.1%||21.2%||21.2%||20.9%||25.1%||18.7%||-|
|Value Creation Index ⓘ||0.6||0.5||0.4||0.5||0.3||0.6||0.9||0.9||1.2||0.7||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||33.8%||16.2%||-6%||0.1%||3.5%||18.9%||27.1%||12.5%||-23.8%||-|
|Adj EPS ⓘ||4.4||5.1||5.2||6.3||6||8.2||9.7||11.3||16.3||14.4||18.8|
|YoY Gr. Rt. %||-||15.5%||1.6%||21.6%||-4.3%||36.2%||18.6%||16.3%||44.6%||-11.7%||-|
|BVPS (₹) ⓘ||17.6||21.3||25.2||30||36||41.8||50.2||59||72.3||83.9||99.1|
|Adj Net Profit ⓘ||307||355||361||438||420||571||677||788||1,140||1,006||1,315|
|Cash Flow from Ops. ⓘ||612||643||648||664||653||946||879||1,157||1,361||1,546||-|
|Debt/CF from Ops. ⓘ||0.9||0.7||0.5||0.2||0||0||0||0||0||0||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||14.1%||19.1%||14.1%||-11.7%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||27.5||26.1||22.2||22.7||18.2||21||21||20.6||24.8||18.4||20.5|
|Op. Profit Mgn % ⓘ||25.4||22.7||20.1||21.7||21.2||25.4||25||22||23.7||30.3||22.2|
|Net Profit Mgn % ⓘ||12.2||10.5||9.2||11.9||11.4||15||14.9||13.7||17.6||20.4||15.5|
|Debt to Equity ⓘ||0.4||0.3||0.2||0.1||0||0||0||0||0||0||0|
|Working Cap Days ⓘ||104||70||61||65||48||31||27||24||21||29||128|
|Cash Conv. Cycle ⓘ||-12||-6||-1||1||5||-4||-14||-12||-8||-16||22|
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%
|TTM EPS (₹)||18.8||21.5|
|TTM Sales (₹ Cr.)||8,485||8,485|
|BVPS (₹.) ⓘ||99.1||108.4|
|Reserves (₹ Cr.) ⓘ||6,796||7,446|
|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|
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:
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: