Indraprastha Gas Ltd - Stock Valuation and Financial Performance

BSE: 532514 | NSE: IGL | Gas Transmission/Marketing | Mid Cap

Indraprastha Gas Share Price

463 -14.10 -2.96%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Indraprastha Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation


3. Price Trend

Indraprastha Gas stock performance -

mw4me loader
P/E Ratio (SA):
Market Cap:
32,410 Cr.
52-wk low:
52-wk high:

Is Indraprastha Gas Ltd an attractive stock to invest in?

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 Strong which suggest that the price of Indraprastha Gas Ltd is likely to Rise 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

ROCE % 19.4%21.2%18.1%21.2%21.2%20.9%25.1%18.7%20.8%20.9%-
Value Creation

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,9143,6813,6863,8154,5355,7656,4854,9417,71014,14615,572
Sales YoY Gr.--6%0.1%3.5%18.9%27.1%12.5%-23.8%56.1%83.5%-
Adj EPS 5.26.368.29.711.316.314.418.820.724.2
YoY Gr.-21.6%-4.3%36.2%18.6%16.3%44.6%-11.7%30.8%9.9%-
BVPS (₹) 25.2303641.850.25972.383.999.1101.2120.7
Adj Net
Cash Flow from Ops. 6486646539468791,1571,3611,5461,8982,231-
Debt/CF from Ops. 0.50.200000000-


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 15.4%25.6%29.7%83.5%
Adj EPS 16.7%16.4%8.3%9.9%
Share Price 23.5% 8.2% -3.9% -4.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on
Equity %
Op. Profit
Mgn %
Net Profit
Mgn %
Debt to
Working Cap
Cash Conv.

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 21.80%

Sales growth is growing at healthy rate in last 3 years 29.69%

Sales growth is good in last 4 quarters at 13.33%

Net Profit has been subdued in last 3 years 8.27%

Latest Financials - Indraprastha Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 24.2 27.8
TTM Sales (₹ Cr.) 15,572 15,572
BVPS (₹.) 120.7 134.2
Reserves (₹ Cr.) 8,312 9,256
P/BV 3.83 3.45
PE 19.12 16.63
From the Market
52 Week Low / High (₹) 375.80 / 515.55
All Time Low / High (₹) 11.13 / 604.00
Market Cap (₹ Cr.) 32,410
Equity (₹ Cr.) 140
Face Value (₹) 2
Industry PE 35.6

Management X-Ray of Indraprastha Gas:

Shareholding Pattern

Promoter's Holding & Share Pledging

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

Event Update

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Analyst's Notes

Key Ratios of Indraprastha Gas

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Operating Expenses 3,1262,8832,9072,8453,4134,4974,9533,4475,81712,090
Manufacturing Costs3563844334875826867897699031,103
Material Costs2,6292,3412,2762,0842,4913,3973,6792,2304,39210,436
Employee Cost 60667892106143152134176188
Other Costs 8192120183234271334314346363
Operating Profit 7887987799691,1221,2681,5321,4941,8932,056
Operating Profit Margin (%) 20.1%21.7%21.1%25.4%24.7%22.0%23.6%30.2%24.5%14.5%
Other Income 21353065100146156150215262
Interest 493514791320222527
Depreciation 220149156167181201252290317363
Exceptional Items 0000000000
Profit Before Tax 5406496388611,0321,2001,4161,3311,7661,928
Tax 180211219290362413279326451483
Profit After Tax 3604384195716717871,1371,0061,3151,445
PAT Margin (%) 9.2%11.9%11.4%15.0%14.8%13.6%17.5%20.4%17.1%10.2%
Adjusted EPS (₹)
Dividend Payout Ratio (%)21%19%20%21%21%21%17%25%29%63%

Balance Sheet

(All Figures are in Crores.)

Equity and Liabilities

Shareholders Fund 1,7632,0982,5162,9273,5134,1305,0625,8726,9367,087
Share Capital 140140140140140140140140140140
Reserves 1,6231,9582,3762,7873,3733,9904,9225,7326,7966,947
Minority Interest0000000000
Long Term Debt28814500000000
Short Term Debt34000000000
Trade Payables184189161274339326225419787904
Others Liabilities 1,0249867048861,0771,4931,8852,2972,7293,785
Total Liabilities 3,2933,4193,3814,0864,9285,9497,1728,58710,45211,776

Fixed Assets

Gross Block2,9733,1762,1472,4002,8893,5184,4145,4506,3407,433
Accumulated Depreciation1,0781,2201282824576428571,1291,3381,699
Net Fixed Assets1,8951,9562,0192,1172,4322,8773,5574,3215,0025,734
CWIP 2622542673523864787778471,3791,434
Investments 1172912596771,1481,5442581,8261,976677
Trade Receivables220235251201226221170261521903
Cash Equivalents 2512314546095586072,1801,1321,3622,633
Others Assets5104117378126171179155168346
Total Assets 3,2933,4193,3814,0864,9285,9497,1728,58710,45211,776

Cash Flow

(All Figures are in Crores.)
Cash Flow From Operating Activity 6486646539468791,1571,3611,5461,8982,231
PBT 5406496388611,0321,2001,4161,3311,7661,928
Adjustment 2471511421109362117157130139
Changes in Working Capital 30416024584264172347378647
Tax Paid -169-177-187-269-330-369-344-289-376-483
Cash Flow From Investing Activity -300-364-175-1,114-717-1,121-521-1,826-1,585-841
Capex -248-214-232-271-470-681-963-883-1,337-1,122
Net Investments -69-18132-900-273-486401-1,079-322825
Others 1731265726464213575-544
Cash Flow From Financing Activity -241-327-256-160-84-169-243-297-328-1,359
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -94-173-1450000000
Interest Paid -45-30-100000000
Dividend Paid -77-77-84-133-70-140-168-196-252-1,295
Others -25-47-17-27-14-29-75-101-77-64
Net Cash Flow 106-27223-32878-133597-577-1531
ROE (%)22.1322.6718.1620.9820.8320.5924.7318.3920.5320.61
ROCE (%)28.9731.3627.4231.8832.3331.7431.2424.7627.9627.88
Asset Turnover Ratio1.371.
PAT to CFO Conversion(x)1.81.521.561.661.311.471.21.541.441.54
Working Capital Days
Receivable Days17202220161310141717
Inventory Days3445433321
Payable Days26292838453627535030

Indraprastha Gas Ltd Stock News

Indraprastha Gas Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indraprastha Gas on 12-Apr-2024 16:59 is ₹463.0.
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 12-Apr-2024 16:59 the market cap of Indraprastha Gas stood at ₹32,410.
The latest P/E ratio of Indraprastha Gas as of 12-Apr-2024 16:59 is 19.12.
The latest P/B ratio of Indraprastha Gas as of 12-Apr-2024 16:59 is 3.83.
The 52-week high of Indraprastha Gas is ₹515.5 and the 52-week low is ₹375.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹15,572 ( Cr.) .

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.


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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