Indraprastha Gas Ltd
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]
- Market Cap ₹ 30,156 Cr.
- Current Price ₹ 431
- High / Low ₹ 516 / 376
- Stock P/E 17.8
- Book Value ₹ 115
- Dividend Yield 3.02 %
- ROCE 26.7 %
- ROE 20.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 3.02%.
- Company has been maintaining a healthy dividend payout of 39.1%
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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,517 | 3,367 | 3,914 | 3,681 | 3,686 | 3,815 | 4,535 | 5,765 | 6,485 | 4,941 | 7,710 | 14,146 | 14,109 | |
1,883 | 2,603 | 3,131 | 2,887 | 2,910 | 2,851 | 3,410 | 4,506 | 4,949 | 3,446 | 5,816 | 12,088 | 11,779 | |
Operating Profit | 634 | 764 | 783 | 794 | 775 | 964 | 1,125 | 1,259 | 1,536 | 1,495 | 1,894 | 2,058 | 2,330 |
OPM % | 25% | 23% | 20% | 22% | 21% | 25% | 25% | 22% | 24% | 30% | 25% | 15% | 17% |
8 | 12 | 21 | 34 | 29 | 65 | 90 | 144 | 152 | 149 | 213 | 260 | 300 | |
Interest | 49 | 61 | 45 | 30 | 10 | 1 | 2 | 2 | 20 | 22 | 25 | 27 | 9 |
Depreciation | 143 | 187 | 220 | 149 | 156 | 167 | 181 | 201 | 252 | 290 | 317 | 363 | 397 |
Profit before tax | 450 | 528 | 540 | 649 | 638 | 861 | 1,032 | 1,200 | 1,416 | 1,331 | 1,766 | 1,928 | 2,224 |
Tax % | 32% | 33% | 33% | 33% | 34% | 34% | 35% | 34% | 20% | 24% | 26% | 25% | |
306 | 354 | 360 | 438 | 419 | 571 | 671 | 787 | 1,137 | 1,006 | 1,315 | 1,445 | 1,695 | |
EPS in Rs | 4.38 | 5.06 | 5.15 | 6.25 | 5.99 | 8.16 | 9.58 | 11.24 | 16.24 | 14.37 | 18.78 | 20.64 | 24.21 |
Dividend Payout % | 23% | 22% | 21% | 19% | 20% | 21% | 21% | 21% | 17% | 25% | 29% | 63% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 26% |
3 Years: | 30% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | 15% |
5 Years: | 17% |
3 Years: | 9% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | 22% |
5 Years: | 7% |
3 Years: | -6% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 19% |
Last Year: | 20% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 |
Reserves | 1,089 | 1,353 | 1,623 | 1,958 | 2,376 | 2,787 | 3,373 | 3,990 | 4,922 | 5,732 | 6,796 | 6,947 | 7,920 |
539 | 458 | 352 | 145 | 0 | 0 | 0 | 0 | 96 | 113 | 108 | 83 | 84 | |
557 | 682 | 739 | 833 | 868 | 1,164 | 1,419 | 1,823 | 2,017 | 2,606 | 3,413 | 4,611 | 4,306 | |
Total Liabilities | 2,325 | 2,634 | 2,855 | 3,076 | 3,384 | 4,091 | 4,932 | 5,953 | 7,176 | 8,591 | 10,457 | 11,781 | 12,450 |
1,580 | 1,847 | 1,895 | 1,956 | 2,019 | 2,117 | 2,432 | 2,877 | 3,557 | 4,321 | 5,002 | 5,734 | 6,053 | |
CWIP | 375 | 291 | 262 | 254 | 267 | 352 | 386 | 478 | 777 | 847 | 1,379 | 1,434 | 1,488 |
Investments | 98 | 143 | 117 | 291 | 259 | 677 | 1,148 | 1,544 | 258 | 1,826 | 1,976 | 677 | 1,528 |
272 | 352 | 580 | 575 | 839 | 945 | 966 | 1,054 | 2,584 | 1,598 | 2,101 | 3,936 | 3,382 | |
Total Assets | 2,325 | 2,634 | 2,855 | 3,076 | 3,384 | 4,091 | 4,932 | 5,953 | 7,176 | 8,591 | 10,457 | 11,781 | 12,450 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
612 | 643 | 648 | 664 | 653 | 946 | 879 | 1,157 | 1,361 | 1,546 | 1,898 | 2,231 | |
-606 | -362 | -300 | -364 | -175 | -1,114 | -717 | -1,121 | -521 | -1,826 | -1,585 | -841 | |
65 | -218 | -241 | -327 | -256 | -160 | -84 | -169 | -243 | -297 | -328 | -1,359 | |
Net Cash Flow | 71 | 63 | 106 | -27 | 223 | -328 | 78 | -133 | 597 | -577 | -15 | 31 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 19 | 19 | 20 | 23 | 25 | 19 | 18 | 14 | 10 | 19 | 25 | 23 |
Inventory Days | 9 | 7 | 6 | 7 | 10 | 10 | 8 | 6 | 5 | 8 | 4 | 2 |
Days Payable | 43 | 32 | 26 | 30 | 26 | 48 | 50 | 35 | 22 | 69 | 65 | 32 |
Cash Conversion Cycle | -14 | -6 | 0 | 1 | 9 | -19 | -23 | -15 | -7 | -41 | -37 | -6 |
Working Capital Days | -58 | -44 | -32 | -36 | -32 | -62 | -67 | -75 | -82 | -142 | -113 | -78 |
ROCE % | 33% | 32% | 29% | 31% | 27% | 32% | 31% | 29% | 29% | 24% | 26% | 27% |
Documents
Announcements
- Closure of Trading Window 1d
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 19 Feb
- Announcement under Regulation 30 (LODR)-Cessation 12 Feb
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Feb - Signing of Memorandum of Understanding (MOU) to establish Compressed Biogas (CBG) Plants
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 Feb - Link of transcript of conference call held on January 29, 2024.
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
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Financial Year 2010
from nse
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Financial Year 2010
from bse
Concalls
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Jan 2024Transcript PPT REC
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Nov 2023TranscriptPPT
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Jul 2023TranscriptPPT
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May 2023Transcript PPT
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Jan 2023TranscriptPPT
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Oct 2022TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
Leading player in City Gas Distribution
Indraprastha Gas Limited (IGL) is one of the pioneer and leading City Gas Distribution (CGD) company in India catering to more than 1.1 million CNG vehicles,1.4 million domestic PNG customers and over 5,500 commercial & industrial customers. It achieved a new milestone of setting up 550th CNG station in FY 2019-20. [1] [2]