Indraprastha Gas Ltd

Indraprastha Gas Ltd

₹ 166 3.45%
26 May - 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 23,246 Cr.
  • Current Price 166
  • High / Low 229 / 142
  • Stock P/E 17.0
  • Book Value 71.3
  • Dividend Yield 2.56 %
  • ROCE 18.8 %
  • ROE 14.2 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 39.4%

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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
3,682 3,407 3,459 3,556 3,597 3,517 3,697 3,759 3,947 3,914 4,023 4,067 4,163
3,221 2,765 2,802 2,992 3,074 2,939 3,161 3,395 3,453 3,402 3,580 3,595 3,740
Operating Profit 461 642 657 564 523 578 536 364 494 512 443 473 423
OPM % 13% 19% 19% 16% 15% 16% 14% 10% 13% 13% 11% 12% 10%
71 46 134 55 109 77 149 129 94 90 163 130 101
Interest 3 2 2 2 3 2 2 2 3 2 2 2 7
Depreciation 94 99 102 102 111 114 118 122 120 124 128 131 132
Profit before tax 435 587 686 516 519 538 565 369 466 476 475 469 385
Tax % 24% 25% 22% 24% 26% 25% 24% 22% 25% 25% 22% 24% 28%
330 438 535 392 383 401 431 286 349 356 373 359 277
EPS in Rs 2.36 3.13 3.82 2.80 2.73 2.87 3.08 2.04 2.49 2.54 2.66 2.56 1.98
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
3,681 3,686 3,815 4,535 5,765 6,485 4,941 7,710 14,133 14,000 14,928 16,167
2,887 2,910 2,851 3,410 4,506 4,949 3,446 5,816 12,089 11,609 12,933 14,317
Operating Profit 794 775 964 1,125 1,259 1,536 1,495 1,894 2,044 2,391 1,995 1,850
OPM % 22% 21% 25% 25% 22% 24% 30% 25% 14% 17% 13% 11%
34 29 65 90 144 152 149 213 274 357 442 484
Interest 30 10 1 2 2 20 22 25 27 28 25 14
Depreciation 149 156 167 181 201 252 290 317 363 414 474 515
Profit before tax 649 638 861 1,032 1,200 1,416 1,331 1,766 1,928 2,307 1,937 1,806
Tax % 33% 34% 34% 35% 34% 20% 24% 26% 25% 24% 24% 24%
438 419 571 671 787 1,137 1,006 1,315 1,445 1,748 1,468 1,364
EPS in Rs 3.13 2.99 4.08 4.79 5.62 8.12 7.18 9.39 10.32 12.49 10.48 9.74
Dividend Payout % 19% 20% 21% 21% 21% 17% 25% 29% 63% 36% 67% 15%
Compounded Sales Growth
10 Years: 16%
5 Years: 27%
3 Years: 5%
TTM: 8%
Compounded Profit Growth
10 Years: 13%
5 Years: 7%
3 Years: -1%
TTM: -2%
Stock Price CAGR
10 Years: 11%
5 Years: -8%
3 Years: -12%
1 Year: -20%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 17%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 140 140 140 140 140 140 140 140 140 140 280 280
Reserves 1,958 2,376 2,787 3,373 3,990 4,922 5,732 6,796 6,947 8,412 9,004 9,707
145 0 0 0 0 96 113 108 83 81 69 55
833 868 1,164 1,419 1,823 2,017 2,606 3,413 4,614 4,492 4,844 5,391
Total Liabilities 3,076 3,384 4,091 4,932 5,953 7,176 8,591 10,457 11,783 13,125 14,197 15,433
1,956 2,019 2,117 2,432 2,877 3,557 4,321 5,002 5,734 6,599 7,171 8,005
CWIP 254 267 352 386 478 777 847 1,379 1,434 1,396 1,486 1,481
Investments 291 259 677 1,148 1,544 258 1,826 1,976 677 1,158 1,622 1,676
575 839 945 966 1,054 2,584 1,598 2,101 3,939 3,972 3,919 4,271
Total Assets 3,076 3,384 4,091 4,932 5,953 7,176 8,591 10,457 11,783 13,125 14,197 15,433

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
664 653 946 879 1,157 1,361 1,546 1,898 2,231 1,536 2,205 1,947
-364 -175 -1,114 -717 -1,121 -521 -1,826 -1,585 -841 -1,095 -1,507 -1,200
-327 -256 -160 -84 -169 -243 -297 -328 -1,359 -334 -775 -714
Net Cash Flow -27 223 -328 78 -133 597 -577 -15 31 107 -77 33
Free Cash Flow 449 422 675 409 476 398 663 561 1,109 334 1,084 624
CFO/OP 106% 108% 126% 108% 121% 111% 123% 120% 133% 85% 130% 127%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 23 25 19 18 14 10 19 25 23 27 17 21
Inventory Days 7 10 10 8 6 5 8 4 2 2 2 2
Days Payable 30 26 48 50 35 22 69 65 32 37 31 32
Cash Conversion Cycle 1 9 -19 -23 -15 -7 -41 -37 -6 -8 -12 -9
Working Capital Days -36 -32 -62 -67 -75 -83 -144 -115 -79 -72 -80 -49
ROCE % 31% 27% 32% 31% 29% 29% 24% 26% 27% 29% 21% 19%

Insights

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Mar 2015 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Domestic PNG Connections
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Industrial and Commercial PNG Connections
Nos.
MDPE Pipeline Network
km
Number of CNG Stations
Nos.
Total Gas Sales Volume
MMSCM
Average Daily Volume
MMSCMD

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00% 45.00%
21.94% 20.94% 17.91% 16.81% 16.16% 19.29% 14.32% 14.67% 16.82% 17.21% 17.00% 17.08%
20.17% 21.06% 22.74% 24.22% 25.10% 23.18% 26.12% 26.18% 23.99% 24.08% 24.17% 23.25%
5.18% 5.18% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
7.72% 7.83% 9.36% 8.96% 8.74% 7.53% 9.55% 9.15% 9.19% 8.71% 8.83% 9.65%
No. of Shareholders 2,72,0652,70,6873,16,3402,96,5692,90,3782,60,8673,44,9093,52,1613,59,6663,44,5393,45,2053,65,478

* 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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