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Indraprastha Gas Ltd. Stock Analysis

Large Cap
Evaluated by 4667 users | BSE: 532514 | NSE: IGL |
Industrial Gases & Fuels
Indraprastha Gas (IGL), incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi.In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the...
1. Right Stock
Very Good
2. Right Price
3. Right Time

Analysis of Financial Track Record

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'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 24.23%22.09%21.37%19.43%21.2%18.05%21.17%21.23%20.86%25.06%
Value Creation Index 0.860.700.640.490.630.390.630.630.60NA
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 1,7462,5173,3673,9143,6813,6863,8154,5355,7656,485
Y-o-Y Gr. Rt.-44.2%33.8%16.2%-6%0.1%3.5%18.9%27.1%12.5%
Adjusted EPS (Rs.) 3.694.395.075.156.265.998.169.6811.2616.28
Y-o-Y Gr. Rt.-19%15.5%1.6%21.6%-4.3%36.2%18.6%16.3%44.6%
Book Value per Share (Rs.) 14.3417.5621.3325.1929.9735.9541.8150.185972.32
Adjusted Net Profit 2583073553614384205716777881,140
Net Op. Cash Flow (Rs. Cr.) 4106126436486646539468791,1571,361
Debt to Cash Flow from Ops 0.840.880.710.540.2200000
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Indraprastha Gas Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 15.7%12%19.4%12.5%
Adjusted EPS 17.9%21.1%25.9%44.6%
Book Value per Share 19.719.32022.6
Share Price 18.8% 33.8% 11% 22.4%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 28.2327.526.0722.1522.6818.1920.9921.0420.6224.8
Operating Profit Margin (%) 28.5225.3922.6820.1421.6821.1525.4224.9622.0323.65
Net Profit Margin (%) 14.7912.210.549.2211.911.3814.9814.9413.6717.57
Debt to Equity 0.340.440.310.20.0700000
Working Capital Days 1391047061654831272421
Cash Conversion Cycle -21-12-6-115-4-14-12-8
Corporate Governance What do we look at?
Corporate Governance
Board Credentials
Promoter's holding
Transparency
Integrity
Entity Percentage Holding
Promoters 45.00%
Institutions 44.51%
Non-Institutions 10.49%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

MoneyWorks4Me analysed the past 10-year performance of Indraprastha Gas and arrived at the following conclusion:

Past 10 year's financial track record indicates that Indraprastha Gas is a good quality company. However, for specific investment actions please connect with your investment advisor.

The 5-year analysis of Indraprastha Gas's performance infers:

Indraprastha Gas earnings have grown by 21.1%, whereas share price has appreciated 33.8% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Indraprastha Gas share prices over the last 10 years. Here is what we found out:

Indraprastha Gas share price has appreciated 20.8% annually over the past ten years.

Indraprastha Gas (IGL), incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi.

In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the

Indraprastha Gas (IGL), incorporated in 1998, is engaged in distribution of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi.

In 1999 the company took over Delhi City Gas Distribution Project from GAIL (India). IGL laid the network for the distribution of natural gas in the National Capital of Delhi to consumers in the domestic, transport, and commercial sectors.

The company started with 9 CNG stations and 1000 PNG consumers. Today, the company has crossed 163 CNG stations and 1,22,000 domestic and 300 commercial PNG customers.

The company has entered into a joint venture with Siti Energy to set up City Gas Distribution Projects at Sonepat and Panipat located at Haryana.

Indraprastha Gas was awarded Golden Peacock Eco Innovation Award.

In 2012 IGL launched new CNG concept in Delhi

In 2013 the company decided to invest in equity shares of Central UP Gas limited (CUGL) by way of acquisition of 30000000 equity shares, constituting 50% of the paid up equity share capital of CUGL.

Business

CNG- The company's core business is to distribute CNG and PNG in Delhi. It has presence in areas including Sarita Vihar, Jasola, Dwarka , Rohini, Pitampura, Janakpuri, Maya Enclave, Saket, Hauz Khas, Paschim Vihar, Vikaspuri, Dilshad Garden and many more.

R-LNG- The company is also engaged in supplying Re-gassified Liquid Natural Gas (R-LNG) to 16 industrial consumers. It is further exploring new gas supply sources under this segment.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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