Indraprastha Gas Ltd - Stock Valuation and Financial Performance

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

Indraprastha Gas Share Price

420.70 -0.35 -0.08%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Indraprastha Gas

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Indraprastha Gas stock performance -

mw4me loader
P/E Ratio (SA):
18.30
Market Cap:
29,410.5 Cr.
52-wk low:
375.8
52-wk high:
570.6

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 Undervalued 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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 31.4%27.4%31.9%32.3%31.7%31.2%24.8%28%27.9%29.9%-
Value Creation
Index
1.21.01.41.91.81.81.21.51.51.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,6813,6863,8154,5355,7656,4854,9417,71014,13314,00015,870
Sales YoY Gr.-0.1%3.5%18.9%27.1%12.5%-23.8%56.1%83.3%-0.9%-
Adj EPS 6.368.29.711.316.314.418.820.72523
YoY Gr.--4.3%36.2%18.6%16.3%44.6%-11.7%30.8%9.9%21.2%-
BVPS (₹) 303641.850.25972.383.999.1101.2122.2134
Adj Net
Profit
4384205716777881,1401,0061,3161,4461,7521,607
Cash Flow from Ops. 6646539468791,1571,3611,5461,8982,2311,536-
Debt/CF from Ops. 0.2000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 16%19.4%41.5%-0.9%
Adj EPS 16.7%17.3%20.3%21.2%
BVPS16.9%15.7%13.4%20.7%
Share Price 18.1% 1.4% -4.1% 10.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
22.718.2212120.624.818.420.620.622.417.9
Op. Profit
Mgn %
21.721.225.4252223.730.324.614.517.113.9
Net Profit
Mgn %
11.911.41514.913.717.620.417.110.212.510.1
Debt to
Equity
0.10000000000
Working Cap
Days
6548312724212926304351
Cash Conv.
Cycle
15-4-14-12-8-16-19-8-64

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 41.51%

Net Profit is growing at healthy rate in last 3 years 20.32%

Return on Equity has declined versus last 3 years average to 17.90%

Sales growth is not so good in last 4 quarters at 1.04%

Latest Financials - Indraprastha Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 23 26.4
TTM Sales (₹ Cr.) 15,870 15,870
BVPS (₹.) 134 151
Reserves (₹ Cr.) 9,243 10,428
P/BV 3.13 2.78
PE 18.30 15.93
From the Market
52 Week Low / High (₹) 375.80 / 570.60
All Time Low / High (₹) 11.13 / 604.00
Market Cap (₹ Cr.) 29,411
Equity (₹ Cr.) 140
Face Value (₹) 2
Industry PE 30.2

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

Key Ratios of Indraprastha Gas

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales3,6813,6863,8154,5355,7656,4854,9417,71014,13314,000
Operating Expenses 2,8832,9072,8453,4134,4974,9533,4475,81712,09111,615
Manufacturing Costs3844334875826867897699031,1041,144
Material Costs2,3412,2762,0842,4913,3973,6792,2304,39210,4369,813
Employee Cost 667892106143152134176188227
Other Costs 92120183234271334314346363431
Operating Profit 7987799691,1221,2681,5321,4941,8932,0422,385
Operating Profit Margin (%) 21.7%21.1%25.4%24.7%22.0%23.6%30.2%24.5%14.4%17.0%
Other Income 353065100146156150215276363
Interest 351479132022252728
Depreciation 149156167181201252290317363414
Exceptional Items 0000000000
Profit Before Tax 6496388611,0321,2001,4161,3311,7661,9282,307
Tax 211219290362413279326451483559
Profit After Tax 4384195716717871,1371,0061,3151,4451,748
PAT Margin (%) 11.9%11.4%15.0%14.8%13.6%17.5%20.4%17.1%10.2%12.5%
Adjusted EPS (₹)6.36.08.29.611.216.214.418.820.625.0
Dividend Payout Ratio (%)19%20%21%21%21%17%25%29%63%36%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2,0982,5162,9273,5134,1305,0625,8726,9367,0878,552
Share Capital 140140140140140140140140140140
Reserves 1,9582,3762,7873,3733,9904,9225,7326,7966,9478,412
Minority Interest0000000000
Debt145000000000
Long Term Debt145000000000
Short Term Debt0000000000
Trade Payables189161274339326225419787904985
Others Liabilities 9867048861,0771,4931,8852,2972,7293,7883,584
Total Liabilities 3,4193,3814,0864,9285,9497,1728,58710,45211,77913,121

Fixed Assets

Gross Block3,1762,1472,4002,8893,5184,4145,4506,3407,3898,666
Accumulated Depreciation1,2201282824576428571,1291,3381,6552,067
Net Fixed Assets1,9562,0192,1172,4322,8773,5574,3215,0025,7346,599
CWIP 2542673523864787778471,3791,4341,396
Investments 2912596771,1481,5442581,8261,9766771,158
Inventories41585252515146464952
Trade Receivables2352512012262211702615219031,019
Cash Equivalents 2314546095586072,1801,1321,3622,1322,149
Others Assets4117378126171179155168849748
Total Assets 3,4193,3814,0864,9285,9497,1728,58710,45211,77913,121

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 6646539468791,1571,3611,5461,8982,2311,536
PBT 6496388611,0321,2001,4161,3311,7661,9282,307
Adjustment 151142110936211715713013998
Changes in Working Capital 416024584264172347378647-383
Tax Paid -177-187-269-330-369-344-289-376-483-487
Cash Flow From Investing Activity -364-175-1,114-717-1,121-521-1,826-1,585-841-1,095
Capex -214-232-271-470-681-963-883-1,337-1,122-1,202
Net Investments -18132-900-273-486401-1,079-322825-797
Others 31265726464213575-544905
Cash Flow From Financing Activity -327-256-160-84-169-243-297-328-1,359-334
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -173-14500000000
Interest Paid -30-1000000000
Dividend Paid -77-84-133-70-140-168-196-252-1,295-280
Others -47-17-27-14-29-75-101-77-64-54
Net Cash Flow -27223-32878-133597-577-1531107
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)22.6718.1620.9820.8320.5924.7318.3920.5320.6122.36
ROCE (%)31.3627.4231.8832.3331.7431.2424.7627.9627.8829.86
Asset Turnover Ratio1.211.21.131.111.171.090.690.891.41.24
PAT to CFO Conversion(x)1.521.561.661.311.471.21.541.441.540.88
Working Capital Days
Receivable Days20222016131014171723
Inventory Days4454333211
Payable Days29283845362753503035

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 31-Oct-2024 16:01 is ₹420.7.
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 31-Oct-2024 16:01 the market cap of Indraprastha Gas stood at ₹29,410.5.
The latest P/E ratio of Indraprastha Gas as of 31-Oct-2024 16:01 is 18.30.
The latest P/B ratio of Indraprastha Gas as of 31-Oct-2024 16:01 is 3.13.
The 52-week high of Indraprastha Gas is ₹570.6 and the 52-week low is ₹375.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹15,870 ( 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.

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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