Indraprastha Gas Ltd

Indraprastha Gas Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Indraprastha Gas Ltd

₹ 435 -2.48%
13 May 10:27 a.m.
iglonline.net BSE: 532514 NSE: IGL
About

Incorporated in the year 1998, Indraprastha Gas Limited (IGL) is in the business of city gas distribution in the National Capital Territory of Delhi. IGL also supplies the gas to the near by regions of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut, Shamli, Kanpur, Muzaffarnagar, Karnal and Rewari, Hamirpur, Fatehpur, Ajmer, Pali, Rajasmand.

IGL is formed as a JV promoted by GAIL (India) Limited and Bharat Petroleum Corporation (BPCL). Government of NCT of Delhi is holding 5% equity. [1]

Key Points

Leading player in City Gas Distribution[1]
IGL has operations in the NCT of Delhi, Noida, Greater Noida, Ghaziabad, Rewari, Karnal, Kaithal, Kanpur, Muzaffarnagar, Ajmer, and Banda with 819 CNG stations, 25.60 lacs residential connections, and ~10,000 industrial/commercial customers.

Website BSE NSE
  • Market Cap ₹ 30,447 Cr.
  • Current Price ₹ 435
  • High / Low ₹ 501 / 376
  • Stock P/E 15.4
  • Book Value ₹ 138
  • Dividend Yield 2.98 %
  • ROCE 28.8 %
  • ROE 22.6 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 20.4% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 37.6%

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,551 1,257 1,831 2,215 2,406 3,194 3,554 3,711 3,682 3,407 3,459 3,550 3,597
1,059 877 1,301 1,746 1,905 2,576 3,026 3,282 3,221 2,765 2,802 2,994 3,076
Operating Profit 492 381 530 470 500 618 528 428 461 642 657 556 521
OPM % 32% 30% 29% 21% 21% 19% 15% 12% 13% 19% 19% 16% 14%
72 63 96 97 147 91 121 112 139 129 152 146 161
Interest 4 3 3 3 5 2 3 3 3 2 2 2 3
Depreciation 76 78 80 84 75 86 91 92 94 99 102 102 111
Profit before tax 484 364 543 480 567 621 554 445 503 670 704 599 569
Tax % 23% 24% 23% 22% 24% 22% 23% 25% 21% 22% 22% 21% 24%
375 278 419 375 431 481 427 334 398 522 553 475 433
EPS in Rs 5.36 3.97 5.98 5.35 6.16 6.87 6.10 4.77 5.68 7.46 7.90 6.81 6.20
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3,681 3,686 3,815 4,535 5,765 6,485 4,941 7,710 14,146 14,000
2,887 2,910 2,851 3,409 4,506 4,949 3,446 5,816 12,088 11,636
Operating Profit 794 775 964 1,126 1,259 1,536 1,495 1,894 2,058 2,364
OPM % 22% 21% 25% 25% 22% 24% 30% 25% 15% 17%
31 78 108 153 213 293 240 401 455 602
Interest 30 10 1 2 2 20 22 25 27 9
Depreciation 149 156 167 181 201 252 290 317 363 414
Profit before tax 645 687 904 1,096 1,269 1,556 1,422 1,953 2,122 2,542
Tax % 33% 33% 33% 34% 34% 20% 18% 23% 23% 22%
448 458 606 722 842 1,249 1,173 1,502 1,640 1,983
EPS in Rs 6.40 6.54 8.66 10.31 12.03 17.84 16.75 21.46 23.42 28.36
Dividend Payout % 19% 18% 20% 19% 20% 16% 21% 26% 56% 32%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 42%
TTM: -1%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 19%
TTM: 24%
Stock Price CAGR
10 Years: 22%
5 Years: 8%
3 Years: -4%
1 Year: -9%
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 21%
Last Year: 23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 140 140 140 140 140 140 140 140 140 140
Reserves 1,975 2,430 2,872 3,507 4,176 5,218 6,194 7,446 7,791 9,493
145 0 0 0 0 96 113 108 83 81
833 882 1,186 1,453 1,871 2,094 2,606 3,413 4,611 4,505
Total Liabilities 3,093 3,452 4,198 5,100 6,187 7,548 9,054 11,107 12,625 14,220
1,956 2,019 2,117 2,432 2,877 3,557 4,321 5,002 5,734 6,603
CWIP 254 267 352 386 478 777 847 1,379 1,434 1,396
Investments 308 327 784 1,316 1,778 630 2,288 2,626 1,522 2,222
575 839 945 966 1,054 2,584 1,598 2,101 3,936 3,998
Total Assets 3,093 3,452 4,198 5,100 6,187 7,548 9,054 11,107 12,625 14,220

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
664 653 946 879 1,157 1,361 1,546 1,898 2,231 1,532
-364 -175 -1,114 -717 -1,121 -521 -1,826 -1,585 -841 -1,103
-327 -256 -160 -84 -169 -243 -297 -328 -1,359 -316
Net Cash Flow -27 223 -328 78 -133 597 -577 -15 31 113

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23 25 19 18 14 10 19 25 23 27
Inventory Days 7 10 10 8 6 5 8 4 2 2
Days Payable 30 26 48 50 35 22 69 65 32 37
Cash Conversion Cycle 1 9 -19 -23 -15 -7 -41 -37 -6 -8
Working Capital Days -36 -32 -62 -67 -75 -82 -142 -113 -78 -48
ROCE % 29% 32% 32% 30% 31% 24% 27% 27%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00%
23.87% 21.88% 20.23% 19.88% 20.34% 20.99% 21.76% 21.27% 21.94% 20.94% 17.91% 16.81%
14.79% 16.05% 16.68% 16.90% 16.79% 20.10% 19.53% 20.28% 20.17% 21.06% 22.74% 24.22%
5.00% 5.00% 5.00% 5.00% 5.00% 5.18% 5.18% 5.18% 5.18% 5.18% 5.00% 5.00%
11.34% 12.07% 13.09% 13.22% 12.87% 8.74% 8.53% 8.27% 7.72% 7.83% 9.36% 8.96%
No. of Shareholders 2,12,6952,28,8852,93,1173,70,1903,69,3923,40,9153,22,3453,05,9612,72,0652,70,6873,16,3402,96,569

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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