Indraprastha Gas Ltd

Indraprastha Gas Ltd

₹ 193 4.08%
30 Apr - close price
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.

  • Market Cap 26,963 Cr.
  • Current Price 193
  • High / Low 285 / 153
  • Stock P/E 18.4
  • Book Value 66.3
  • Dividend Yield 2.34 %
  • ROCE 21.6 %
  • ROE 16.5 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 68.0%
  • Debtor days have improved from 22.4 to 17.3 days.

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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,406 3,194 3,554 3,711 3,682 3,407 3,459 3,556 3,597 3,521 3,697 3,759 3,951
1,905 2,576 3,026 3,282 3,221 2,765 2,802 2,992 3,074 2,939 3,161 3,395 3,453
Operating Profit 500 618 528 428 461 642 657 564 523 582 536 364 497
OPM % 21% 19% 15% 12% 13% 19% 19% 16% 15% 17% 14% 10% 13%
77 31 110 56 71 46 134 55 109 73 149 129 91
Interest 5 2 3 3 3 2 2 2 3 2 2 2 3
Depreciation 75 86 91 92 94 99 102 102 111 114 118 122 120
Profit before tax 498 560 543 389 435 587 686 516 519 538 565 369 466
Tax % 27% 25% 23% 28% 24% 25% 22% 24% 26% 25% 24% 22% 25%
362 421 416 278 330 438 535 392 383 401 431 286 349
EPS in Rs 2.58 3.01 2.97 1.99 2.36 3.13 3.82 2.80 2.73 2.87 3.08 2.04 2.49
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
3,914 3,681 3,686 3,815 4,535 5,765 6,485 4,941 7,710 14,133 14,000 14,928
3,131 2,887 2,910 2,851 3,410 4,506 4,949 3,446 5,816 12,089 11,609 12,949
Operating Profit 783 794 775 964 1,125 1,259 1,536 1,495 1,894 2,044 2,391 1,979
OPM % 20% 22% 21% 25% 25% 22% 24% 30% 25% 14% 17% 13%
21 34 29 65 90 144 152 149 213 274 357 442
Interest 45 30 10 1 2 2 20 22 25 27 28 9
Depreciation 220 149 156 167 181 201 252 290 317 363 414 474
Profit before tax 540 649 638 861 1,032 1,200 1,416 1,331 1,766 1,928 2,307 1,937
Tax % 33% 33% 34% 34% 35% 34% 20% 24% 26% 25% 24% 24%
360 438 419 571 671 787 1,137 1,006 1,315 1,445 1,748 1,468
EPS in Rs 2.57 3.13 2.99 4.08 4.79 5.62 8.12 7.18 9.39 10.32 12.49 10.48
Dividend Payout % 21% 19% 20% 21% 21% 21% 17% 25% 29% 63% 36% 105%
Compounded Sales Growth
10 Years: 15%
5 Years: 18%
3 Years: 25%
TTM: 7%
Compounded Profit Growth
10 Years: 13%
5 Years: 6%
3 Years: 5%
TTM: -14%
Stock Price CAGR
10 Years: 17%
5 Years: -4%
3 Years: 3%
1 Year: -17%
Return on Equity
10 Years: 20%
5 Years: 19%
3 Years: 19%
Last Year: 16%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 140 140 140 140 140 140 140 140 140 140 140 280
Reserves 1,623 1,958 2,376 2,787 3,373 3,990 4,922 5,732 6,796 6,947 8,412 9,004
352 145 0 0 0 0 96 113 108 83 81 69
739 833 868 1,164 1,419 1,823 2,017 2,606 3,413 4,614 4,492 4,836
Total Liabilities 2,855 3,076 3,384 4,091 4,932 5,953 7,176 8,591 10,457 11,783 13,125 14,189
1,895 1,956 2,019 2,117 2,432 2,877 3,557 4,321 5,002 5,734 6,599 7,171
CWIP 262 254 267 352 386 478 777 847 1,379 1,434 1,396 1,486
Investments 117 291 259 677 1,148 1,544 258 1,826 1,976 677 1,158 1,622
580 575 839 945 966 1,054 2,584 1,598 2,101 3,939 3,972 3,910
Total Assets 2,855 3,076 3,384 4,091 4,932 5,953 7,176 8,591 10,457 11,783 13,125 14,189

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
648 664 653 946 879 1,157 1,361 1,546 1,898 2,231 1,536 2,205
-300 -364 -175 -1,114 -717 -1,121 -521 -1,826 -1,585 -841 -1,095 -1,507
-241 -327 -256 -160 -84 -169 -243 -297 -328 -1,359 -334 -775
Net Cash Flow 106 -27 223 -328 78 -133 597 -577 -15 31 107 -77

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 20 23 25 19 18 14 10 19 25 23 27 17
Inventory Days 6 7 10 10 8 6 5 8 4 2 2 2
Days Payable 26 30 26 48 50 35 22 69 65 32 37 31
Cash Conversion Cycle 0 1 9 -19 -23 -15 -7 -41 -37 -6 -8 -12
Working Capital Days -32 -36 -32 -62 -67 -75 -82 -142 -113 -78 -71 -47
ROCE % 29% 31% 27% 32% 31% 29% 29% 24% 26% 27% 29% 22%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00%
20.34% 20.99% 21.76% 21.27% 21.94% 20.94% 17.91% 16.81% 16.16% 19.29% 14.32% 14.67%
16.79% 20.10% 19.53% 20.28% 20.17% 21.06% 22.74% 24.22% 25.10% 23.18% 26.12% 26.18%
5.00% 5.18% 5.18% 5.18% 5.18% 5.18% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
12.87% 8.74% 8.53% 8.27% 7.72% 7.83% 9.36% 8.96% 8.74% 7.53% 9.55% 9.15%
No. of Shareholders 3,69,3923,40,9153,22,3453,05,9612,72,0652,70,6873,16,3402,96,5692,90,3782,60,8673,44,9093,52,161

* 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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