Omega promo web banner
Omega promo Mobile banner

Indraprastha Gas Ltd - Stock Valuation and Financial Performance

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

Place order

Indraprastha Gas Share Price

 ₹205.65 3.25 1.61%
as on 20-Jun'25 16:59

DeciZen - make an informed investing decision on Indraprastha Gas

Overall Rating ⓘ
Bole Toh

1. Quality

Very Good
Check detailed 10 Yrs performace

2. Valuation

Undervalued
Check 10 Yrs Valuation charts

3. Price Trend

Semi Strong
Check Price chart

Indraprastha Gas stock performance -

PE Chart Key Ratios
mw4me loader
P/E Ratio (SA):
19.62
Market Cap:
28,791 Cr.
52-wk low:
153.3
52-wk high:
285.3

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 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.

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
Standalone Basis P Consolidated Basis P
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 ⓘ3,6813,6863,8154,5355,7656,4854,9417,71014,13314,00016,466
Sales YoY Gr.-0.1%3.5%18.9%27.1%12.5%-23.8%56.1%83.3%-0.9%-
Adj EPS ⓘ3.134.14.85.68.17.29.410.312.510.5
YoY Gr.--4.2%36%18.6%16.3%44.6%-11.7%30.7%9.9%21.1%-
BVPS (₹) ⓘ151820.925.129.536.241.949.550.661.166.3
Adj Net
Profit ⓘ		4384205716777881,1401,0061,3161,4461,7521,467
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 ⓘ16.6%17.3%20.3%21.1%
BVPSⓘ16.9%15.7%13.4%20.7%
Share Price 18% -1.7% 5% -12.6%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity % ⓘ		22.718.2212120.624.818.420.620.622.416.5
Op. Profit
Mgn % ⓘ		21.721.225.4252223.730.324.614.517.112
Net Profit
Mgn % ⓘ		11.911.41514.913.717.620.417.110.212.58.9
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 20.28%

Return on Equity has declined versus last 3 years average to 16.50%

Sales growth is not so good in last 4 quarters at 6.38%

Latest Financials - Indraprastha Gas Ltd.

Standalone Consolidated
TTM EPS (₹) 10.5 12.3
TTM Sales (₹ Cr.) 16,466 16,467
BVPS (₹.) ⓘ 66.3 75.8
Reserves (₹ Cr.) ⓘ 9,004 10,336
P/BV ⓘ 3.10 2.71
PE ⓘ 19.62 16.76
From the Market
52 Week Low / High (₹) 153.25 / 285.30
All Time Low / High (₹) 5.57 / 302.00
Market Cap (₹ Cr.) 28,791
Equity (₹ Cr.) 280
Face Value (₹) 2
Industry PE ⓘ 31.2

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 (%)

Valuation of Indraprastha Gas

Event Update

Login/Register to view analysis.

Analyst's Notes

IGL: Q4FY25 Result Update - 29 Apr 2025

Overall volumes increased by 4% YoY, driven by a 2/13/32% growth in Delhi/NCR/other geographical areas (GAs). 

   *Standard cubic meter (including one off reversal), Standalone numbers 

Post conference call our observations are-  

  • Inadequate price rise- IGL took Rs.1/kg hike in Delhi while in other GAs, Rs.3/kg price hike was implemented, marking the second hike in those regions. These prices have not mitigated the impact of rise in overall cost. 
  • Diversification in non-core areas- IGL has made an investment of Rs. 382 crores for setting up a solar plant in Rajasthan through a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL). Management rationale for the same is multifold: (a) Return on equity between 14-15% (current RoEs 18-20%), (b) 50% right for captive consumption, thus reducing energy cost, (c) diversification towards renewable energy sources. We are apprehensive about investments in projects where RoEs are lower than core business.
  • Management targets ~8% volume growth next year, in line 7% CAGR over FY20-25. On EBITDA margin front they are targeting Rs. 6-6.5 EBITDA/SCM next year and Rs. 7-8 EBITDA/SCM over the long term. This will be possible by securing long-term gas sourcing agreements or through spot prices declining.

IGL:Q3FY25 Result Update - 31 Jan 2025

Overall volumes increase by 7% YoY, driven by a 6% in Delhi and a 30% growth in other geographic areas apart from Delhi. While margins were impacted due to change in gas sourcing. 

   Highlights from conference call:

  • The current gas sourcing mix, after reductions, stands at 47% from APM and Non-APM, while the remaining 53% comes from RLNG, of which two-thirds are sourced from Henry Hub and one-third from Brent-linked gas.

  • The company is increasing the proportion of new well gas following the reduction in APM. However, new well gas is 20% costlier than APM, which could impact the company’s profitability.

  • The company anticipates potential price increases in the near future in Delhi. This price hike (Rs. 2-3/kg) for CNG is not expected to significantly impact its volume growth trajectory as the company has implemented price hikes in other geographical areas without material impact on volumes.

  • The company has implemented a price hike in the following areas:

    • Kanpur, Hamirpur, and Fatehpur: Rs 4 per kg increase.

    • Noida, Greater Noida, Ghaziabad, Gurgaon, Karnal, and Kaithal: Rs 2 per kg increase.

    • Muzaffarnagar, Meerut, Shamli, Mahoba, Banda, and Chitrakoot: Rs 3 per kg increase.

    • Ajmer, Pali, and Rajsamand: Rs 1.5 per kg increase. 

    • These areas contribute to 30% of the company’s total volume.

  • Additionally, the company is focusing on LNG and CBG to enhance both volume and profitability. Three LNG stations are currently under construction.

  • Management expects the volume at the end of this financial year to reach 9.5 MMSCMD and EBITDA/SCM of Rs. 7-8 in Q4.

Note: The company has declared bonus shares in a 1:1 ratio, with the record date set as 31st January 2025 to determine shareholder eligibility. 

IGL Faces Another Gas Allocation Cut: Impact Assessment - 15 Nov 2024

IGL reported further 20% reduction in gas allocation by nodal agency GAIL, effective from November 16, 2024. We had written about reduction in gas allocation in our earlier notes- quarterly as well as a note on change in sourcing mix.

Gas Sourcing Mix (%) 

FY21

FY22

FY23

FY24

Non-APM

46%

34%

39%

39%

RLNG/HPHT

17%

29%

23%

28%

APM

37%

38%

35%

33%

As mentioned above, company has diversified gas sourcing mix. APM (administered price mechanism; government allocated) sourced gas is ~35% lower than spot prices and hence company could maintain healthy profitability. Now allocation of this is reduced by ~40% and hence raw material costs will increase. 

What triggers can make up for this increase in raw material costs?

  • Anticipated price hike (dependant on market dynamics). This price hike (Rs. 4-5/kg) for CNG is not expected to significantly impact its volume growth trajectory.
  • The company is actively engaging with the government to advocate for tax rationalization, including potential reductions in excise duty and VAT. This trend is expected to offset any negative impact arising from reduced APM gas allocations.
  • Additionally, the company is seeking a lower GST rate for CNG and LNG vehicles and equipment, aligning it more closely with the current 5% GST rate for EVs.

IGL:Q2FY25 Result Update - 08 Nov 2024

Overall volumes increased by 9% YoY, driven by a 7% growth in Delhi NCR and a 29% growth in newer geographic areas (Noida, Ghaziabad are expanding at a rate of 17-18%). While margins were impacted due to change in gas sourcing, company’s growth plans are intact. 

Highlights from the conference call- 

Gas sourcing mix

  • We have written about reduction in gas allocation to CGD in earlier note (read). Management commented that they have secured short term RLNG (regassified liquefied natural gas) supplies and will enter into long term gas supply contracts after evaluation (mostly in next financial year). Also, the company doesn’t anticipate any drastic cut in future. 

  • The Industrial and Commercial segment, being entirely reliant on RLNG, is inherently linked to market prices. However, the pricing remains competitive compared to alternative fuels. The Domestic PNG segment continues to receive 105% of its allocated gas, ensuring uninterrupted supply. The impact of the recent gas allocation reduction is primarily felt in the CNG segment.

  • The company anticipates potential price increases in the near future (dependant on market dynamics). This price hike (Rs. 2-3/kg) for CNG is not expected to significantly impact its volume growth trajectory.

Future plans and capital expenditure  

  • The company aims to achieve a total volume of 3,400 mmscmd for FY25 and projects a year-on-year growth rate of 8-10% in absolute volume across all segments. Additionally, the company is prioritizing LNG and CBG to enhance both volume and profitability.
  • LNG opportunity
    • IGL has secured short-term LNG supplies for the month of November. Longer-term arrangements are currently under evaluation.
    • The company believes that the absence of excise duty on LNG, combined with careful consideration of costs, transportation, and other factors, will help maintain profitability levels (similar profile to rest of the business).
    • It has ambitious plans to establish approximately 50 LNG stations within the next 3-5 years. This aligns with the government's initiative to allocate 0.5 million metric standard cubic meters per day (MMSCMD) of gas for LNG from the APM (administered price mechanism).
  • The company has a capital expenditure (capex) target of Rs. 1,700 crore for the current fiscal year. This will be allocated primarily to Delhi NCR region (45-55%) and other geographic areas (45%).

Other highlights-

  • The company is actively engaging with the government to advocate for tax rationalization, including potential reductions in excise duty and VAT. This trend is expected to offset any negative impact arising from reduced APM gas allocations.
  • Additionally, the company is seeking a lower GST rate for CNG and LNG vehicles and equipment, aligning it more closely with the current 5% GST rate for EVs.
  • Declared interim dividend of Rs. 5.5/share (total 2% yield on CMP of Rs 442).

Moneyworks4me Opinion-

IGL: Change in sourcing mix- opportunity or exit? - 18 Oct 2024

What is mentioned in company notification to exchanges?

The company gets domestic gas allocation for meeting the requirement of CNG sales volumes (majorly auto; 75% of overall volumes) at the pricing fixed by the Govt. (presently at $6.5/mmbtu). The revised domestic gas allocation to company is approx. 21 % lesser than previous allocation. The company is in discussion with key stakeholders to minimize the impact.

How has the market reacted? 

The stock has corrected ~10% since morning and currently trades around Rs. 450. 

What is our take?

IGL sources on average about 1/3rd from APM (administered price mechanism) source, RLNG is long term sourced from mix of APM/NAPM (non-administered price mechanism). At most the impact of lower allocation from APM source will be ~10% on overall raw material volumes (21%* APM sourced ~50%). IGL can source the same from open market, as it already does (Spot prices are ~11 mmbtu), increasing overall pricing by ~7-8%. 

Moneyworks4me Opinion-

IGL:Q1FY25 Result Update - 14 Aug 2024

Steady volume growth focus on improving EBITDA per SCM above Rs. 7.5

Particulers

Q1FY25 

(Rs. Cr)

YoY Trend

Comment

Revenue

 3,521 

3%

Driven largely by volume growth 

EBITDA 

582

-9%

Maintained EBITDA per SCM at 7.4 vs 6.58 in Q4FY24

EBITDA Margin 

17%

-200 bps

 

 PAT 

401

-8%

 

Q1FY25 concall highlights- 

  • In Q1 FY25, IGL posted a sales volume of ~786 MMSCM, which grew by ~5% on a YoY basis. This is after absorbing the decrease in CNG sales to DTC buses.  Within the product mix, the company did ~587 MMSCM in CNG, and 153 MMSCM in PNG Segment (CNG & PNG segment account for 79% and 21% of total volume sales) which grew by ~5%/10% respectively on a YoY basis.

  • Capex Plan: The Company is expected to incur ~Rs. 1,700 Cr to Rs 1,800 Cr in FY25 (out of which ~Rs. 300 Cr spent in Q1 FY25) for capacity expansion and new initiatives like CBG (Compressed Biogas) plants and LNG stations.

  • New initiatives: Compressed Biogas (CBG) is a purified form of biogas with a high methane content (usually more than 90%), making it similar to compressed natural gas (CNG) in terms of energy content and utility. CBG plants will help the IGL to mitigate the risk of reducing APM (Administrative Price Mechanism) gas allocation. IGL is planning to add 10 CBG plant in this financial year for the capex of around ~Rs. 350 Cr.

View All Notes

Key Ratios of Indraprastha Gas

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
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 (₹)3.13.04.14.85.68.17.29.410.312.5
Dividend Payout Ratio (%)19%20%21%21%21%17%25%29%63%36%

Balance Sheet

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
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 Assetsⓘ 1,9562,0192,1172,4322,8773,5574,3215,0025,7346,599
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 Assetsⓘ 4117378126171179155168849748
Total Assets ⓘ 3,4193,3814,0864,9285,9497,1728,58710,45211,77913,121

Cash Flow

(All Figures are in Crores.)
Standalone Basis Consolidated Basis
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

Finance Ratio

Standalone Basis Consolidated Basis
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 20-Jun-2025 16:59 is ₹205.7.
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 20-Jun-2025 16:59 the market cap of Indraprastha Gas stood at ₹28,791.
The latest P/E ratio of Indraprastha Gas as of 20-Jun-2025 16:59 is 19.62.
The latest P/B ratio of Indraprastha Gas as of 20-Jun-2025 16:59 is 3.10.
The 52-week high of Indraprastha Gas is ₹285.3 and the 52-week low is ₹153.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹16,466 ( 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.
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
SEBI Registered: Investment Adviser - INA000013323 RIA Details
Request a Call back
Refer and Earn
Partner with Us
WhatsApp +91 9860359463
besafe@moneyworks4me.com
Warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer: Registration granted by SEBI, membership of BASL (in case of IAs) and certification from NISM in no way guarantee performance of the intermediary or provides any assurance of returns to investors.
Compliance Officer:
Name: Shrikant Jagtap
Email: shrikant.jagtap@moneyworks4me.com
Mobile No: +91 97638 00745
Grievance Officer:
Name: Mukta Vaze
Email: mukta.vaze@moneyworks4me.com
Mobile No:+91 98609 19463
Principal Officer:
Name: Atharva Bhide
Email: atharva.bhide@moneyworks4me.com
Mobile No:+91 91758 99463
SEBI regional/local office address-
Plot No. C 4-A , G Block, Near Bank of India, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra 400051
linkedin facebook twitter youtube insta telegram
Address:
The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Complaints: Complaint status | Cancellation and Refund Policy | PML Act | Grievance Redressal Process | ODR | Investor charter | Terms & Conditions | Disclaimer | Disclosure
Data provided by Accord Fintech Pvt. Ltd.
© 2025 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.
×
Please wait your portfolio is updating...