SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹164.30 2.25 (1.39%)

As on 05-Jun'26 16:59

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

₹164.30 2.25 (1.39%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹22,687 Cr.
Current Price
₹164.3
52-Week Low / High
₹142 / 229
TTM EPS
₹9.7
TTM Sales
₹17,846 Cr.
Book Value per Share
₹71.3
P/E Ratio
16.63
Lower than its 5-year historical median
Industry PE
22.9
Price to Book (P/B)
2.27
Lower than its 5-year historical median
Price to Sales (P/S)
1.27
Lower than its 5-year historical median
EV/EBITDA
8.47
Lower than its 5-year historical median
Dividend Yield
3.45%
Profitability Efficiency
Return on Equity (ROE)
16.46%
Underperforms industry median
Return on Capital Employed (ROCE)
22.00%
Underperforms industry median
Return on Assets (ROA)
10.75%
Operating Profit Margin
13.4%
Net Profit Margin
9.83%
Gross Profit Margin
14.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
6.62%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-16.37%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-16.05%
Asset Quality
Promoter Holding
45.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹9,707 Cr.
Equity
₹280 Cr.
Face Value
₹2
All Time Low / High
₹5.57 / 302.00

Indraprastha Gas stock performance

Key Ratios
mw4me loader

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 18.14%, compared to the industry median CAGR of 15.74%, 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 10.3% 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 27.4%31.9%32.3%31.7%31.2%24.8%28%27.9%29.9%22%-
Value Creation
Index
1.01.41.91.81.81.21.51.51.71.0-

Growth Parameters

Sales 3,6863,8154,5355,7656,4854,9417,71014,13314,00014,92817,846
Sales YoY Gr.-3.5%18.9%27.1%12.5%-23.8%56.1%83.3%-0.9%6.6%-
Adj EPS 34.14.85.68.17.29.410.312.510.59.7
YoY Gr.-36%18.6%16.3%44.6%-11.7%30.7%9.9%21.1%-16%-
BVPS (₹) 1820.925.129.536.241.949.550.661.166.371.3
Adj Net
Profit
4205716777881,1401,0061,3161,4461,7521,4711,364
Cash Flow from Ops. 6539468791,1571,3611,5461,8982,2311,5362,205-
Debt/CF from Ops. 0000000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 16.8%18.1%24.6%6.6%
Adj EPS 15%5.2%3.8%-16%
BVPS15.6%12.9%10.2%8.6%
Share Price 11.1% -8.9% -10.8% -22%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
18.2212120.624.818.420.620.622.416.514.2
Op. Profit
Mgn %
21.225.4252223.730.324.614.517.113.410.4
Net Profit
Mgn %
11.41514.913.717.620.417.110.212.59.97.6
Debt to
Equity
00000000000
Working Cap
Days
4831272421292630433856
Cash Conv.
Cycle
5-4-14-12-8-16-19-8-6-78

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3,6863,8154,5355,7656,4854,9417,71014,13314,00014,928
Operating Expenses + 2,9072,8453,4134,4974,9533,4475,81712,09111,61512,933
Manufacturing Costs4334875826867897699031,1041,1441,185
Material Costs2,2762,0842,4913,3973,6792,2304,39210,4369,81311,073
Employee Cost 7892106143152134176188227200
Other Costs 120183234271334314346363431474
Operating Profit 7799691,1221,2681,5321,4941,8932,0422,3851,995
Operating Profit Margin (%) 21.1%25.4%24.7%22.0%23.6%30.2%24.5%14.4%17.0%13.4%
Other Income + 3065100146156150215276363442
Exceptional Items 0000000000
Interest 147913202225272825
Depreciation 156167181201252290317363414474
Profit Before Tax 6388611,0321,2001,4161,3311,7661,9282,3071,937
Tax 219290362413279326451483559469
Profit After Tax 4195716717871,1371,0061,3151,4451,7481,468
PAT Margin (%) 11.4%15.0%14.8%13.7%17.5%20.4%17.1%10.2%12.5%9.8%
Adjusted EPS (₹)3.04.14.85.68.17.29.410.312.510.5
Dividend Payout Ratio (%)20.10%20.80%20.90%21.40%17.30%25.10%29.30%63%36%66.80%

Valuation of Indraprastha Gas - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2,5162,9273,5134,1305,0625,8726,9367,0878,5529,284
Share Capital 140140140140140140140140140280
Reserves 2,3762,7873,3733,9904,9225,7326,7966,9478,4129,004
Debt +0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Minority Interest0000000000
Trade Payables161274339326225419787904985935
Others Liabilities 7048861,0771,4931,8852,2972,7293,7883,5843,970
Total Liabilities 3,3814,0864,9285,9497,1728,58710,45211,77913,12114,189

Fixed Assets

Net Fixed Assets +2,0192,1172,4322,8773,5574,3215,0025,7346,5997,171
Gross Block2,1472,4002,8893,5184,4145,4506,3407,3898,8029,844
Accumulated Depreciation1282824576428571,1291,3381,6552,2042,673
CWIP 2673523864787778471,3791,4341,3961,486
Investments 2596771,1481,5442581,8261,9766771,1581,622
Inventories58525251514646495249
Trade Receivables2512012262211702615219031,019708
Cash Equivalents 4546095586072,1801,1321,3622,1322,1492,257
Others Assets 7378126171179155168849748897
Total Assets 3,3814,0864,9285,9497,1728,58710,45211,77913,12114,189

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 6539468791,1571,3611,5461,8982,2311,5362,205
PBT 6388611,0321,2001,4161,3311,7661,9282,3071,937
Adjustment 142110936211715713013998112
Changes in Working Capital 6024584264172347378647-383552
Tax Paid -187-269-330-369-344-289-376-483-487-395
Cash Flow From Investing Activity + -175-1,114-717-1,121-521-1,826-1,585-841-1,095-1,507
Capex -232-271-470-681-963-883-1,337-1,122-1,202-1,122
Net Investments 32-900-273-486401-1,079-322825-778-628
Others 265726464213575-544886242
Cash Flow From Financing Activity + -256-160-84-169-243-297-328-1,359-334-775
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -145000000000
Interest Paid -1000-0-0000-7-6
Dividend Paid -84-133-70-140-168-196-252-1,295-280-735
Others -17-27-14-29-75-101-77-64-47-34
Net Cash Flow 223-32878-133597-577-1531107-77

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)18.1620.9820.8320.5924.7318.3920.5320.6122.3616.46
ROCE (%)27.4231.8832.3331.7431.2424.7627.9627.8829.8622
Asset Turnover Ratio1.21.131.111.171.090.690.891.41.241.21
PAT to CFO Conversion(x)1.561.661.311.471.21.541.441.540.881.5
Working Capital Days
Receivable Days21.8019.6015.6012.801014.5016.8016.7022.7019.10
Inventory Days4.404.703.8032.603.2021.101.201.10
Payable Days28.1038.1044.9035.7027.3052.7050.1029.6035.1031.60

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indraprastha Gas Ltd FAQs

The current trading price of Indraprastha Gas on 05-Jun-2026 16:59 is ₹164.3.

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 04-Jun-2026 the market cap of Indraprastha Gas stood at ₹22,687 Cr

The latest P/E ratio of Indraprastha Gas as of 04-Jun-2026 is 16.63.

The latest P/B ratio of Indraprastha Gas as of 04-Jun-2026 is 2.27.

The 52-week high of Indraprastha Gas is ₹229.2 and the 52-week low is ₹141.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹17,846 ( 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.
You have 0 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×