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 ₹ 29,043 Cr.
- Current Price ₹ 207
- High / Low ₹ 285 / 153
- Stock P/E 17.0
- Book Value ₹ 75.8
- Dividend Yield 2.17 %
- ROCE 21.4 %
- ROE 16.9 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 59.0%
- Debtor days have improved from 22.4 to 17.3 days.
Cons
- Earnings include an other income of Rs.695 Cr.
* 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
Part of BSE 500 BSE 200 Nifty 500 BSE Oil & Gas BSE MidCap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
3,681 | 3,686 | 3,815 | 4,535 | 5,765 | 6,485 | 4,941 | 7,710 | 14,133 | 14,000 | 14,928 | |
2,887 | 2,910 | 2,851 | 3,409 | 4,506 | 4,949 | 3,446 | 5,816 | 12,089 | 11,612 | 12,955 | |
Operating Profit | 794 | 775 | 964 | 1,126 | 1,259 | 1,536 | 1,495 | 1,894 | 2,044 | 2,388 | 1,973 |
OPM % | 22% | 21% | 25% | 25% | 22% | 24% | 30% | 25% | 14% | 17% | 13% |
31 | 78 | 108 | 153 | 213 | 293 | 240 | 401 | 469 | 596 | 695 | |
Interest | 30 | 10 | 1 | 2 | 2 | 20 | 22 | 25 | 27 | 28 | 10 |
Depreciation | 149 | 156 | 167 | 181 | 201 | 252 | 290 | 317 | 363 | 414 | 476 |
Profit before tax | 645 | 687 | 904 | 1,096 | 1,269 | 1,556 | 1,422 | 1,953 | 2,122 | 2,542 | 2,183 |
Tax % | 33% | 33% | 33% | 34% | 34% | 20% | 18% | 23% | 23% | 22% | 22% |
448 | 458 | 606 | 722 | 842 | 1,249 | 1,173 | 1,502 | 1,640 | 1,983 | 1,713 | |
EPS in Rs | 3.20 | 3.27 | 4.33 | 5.16 | 6.02 | 8.92 | 8.38 | 10.73 | 11.71 | 14.18 | 12.27 |
Dividend Payout % | 19% | 18% | 20% | 19% | 20% | 16% | 21% | 26% | 56% | 32% | 90% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 18% |
3 Years: | 25% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 14% |
5 Years: | 8% |
3 Years: | 6% |
TTM: | -12% |
Stock Price CAGR | |
---|---|
10 Years: | 17% |
5 Years: | -2% |
3 Years: | 3% |
1 Year: | -7% |
Return on Equity | |
---|---|
10 Years: | 20% |
5 Years: | 20% |
3 Years: | 20% |
Last Year: | 17% |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 280 |
Reserves | 1,975 | 2,430 | 2,872 | 3,507 | 4,176 | 5,218 | 6,194 | 7,446 | 7,791 | 9,493 | 10,336 |
145 | 0 | 0 | 0 | 0 | 96 | 113 | 108 | 83 | 81 | 93 | |
833 | 882 | 1,186 | 1,453 | 1,871 | 2,094 | 2,606 | 3,413 | 4,614 | 4,510 | 4,872 | |
Total Liabilities | 3,093 | 3,452 | 4,198 | 5,100 | 6,187 | 7,548 | 9,054 | 11,107 | 12,628 | 14,225 | 15,581 |
1,956 | 2,019 | 2,117 | 2,432 | 2,877 | 3,557 | 4,321 | 5,002 | 5,734 | 6,603 | 7,207 | |
CWIP | 254 | 267 | 352 | 386 | 478 | 777 | 847 | 1,379 | 1,434 | 1,396 | 1,527 |
Investments | 308 | 327 | 784 | 1,316 | 1,778 | 630 | 2,288 | 2,626 | 1,522 | 2,222 | 2,926 |
575 | 839 | 945 | 966 | 1,054 | 2,584 | 1,598 | 2,101 | 3,939 | 4,003 | 3,921 | |
Total Assets | 3,093 | 3,452 | 4,198 | 5,100 | 6,187 | 7,548 | 9,054 | 11,107 | 12,628 | 14,225 | 15,581 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
664 | 653 | 946 | 879 | 1,157 | 1,361 | 1,546 | 1,898 | 2,231 | 1,532 | 2,199 | |
-364 | -175 | -1,114 | -717 | -1,121 | -521 | -1,826 | -1,585 | -841 | -1,103 | -1,519 | |
-327 | -256 | -160 | -84 | -169 | -243 | -297 | -328 | -1,359 | -316 | -754 | |
Net Cash Flow | -27 | 223 | -328 | 78 | -133 | 597 | -577 | -15 | 31 | 113 | -74 |
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 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 25 | 19 | 18 | 14 | 10 | 19 | 25 | 23 | 27 | 17 |
Inventory Days | 7 | 10 | 10 | 8 | 6 | 5 | 8 | 4 | 2 | 2 | 2 |
Days Payable | 30 | 26 | 48 | 50 | 35 | 22 | 69 | 65 | 32 | 37 | 31 |
Cash Conversion Cycle | 1 | 9 | -19 | -23 | -15 | -7 | -41 | -37 | -6 | -8 | -12 |
Working Capital Days | -36 | -32 | -62 | -67 | -75 | -82 | -142 | -113 | -78 | -71 | -47 |
ROCE % | 29% | 32% | 32% | 30% | 31% | 24% | 27% | 27% | 28% | 21% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
14 May - Annual Secretarial Compliance Report with board composition fines and subsequent rectification.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2 May - Link to transcript of April 28, 2025 investor conference provided as per SEBI regulations.
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Change In Senior Management
2 May - Manoj Kumar Gupta appointed Head (CNG SBU) at IGL, replacing Rajeev Kumar, effective May 1, 2025.
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Announcement under Regulation 30 (LODR)-Change in Directorate
2 May - Shri Rajkumar Dubey appointed Chairman of IGL from May 1, 2025, replacing Shri Sukhmal Kumar Jain.
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Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
29 Apr - IGL declares no outstanding borrowings; not a Large Corporate per SEBI debt raising disclosure.
Annual reports
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Financial Year 2024
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Financial Year 2023
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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
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Financial Year 2010
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Concalls
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Apr 2025TranscriptPPTREC
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Jan 2025TranscriptPPT
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Oct 2024TranscriptPPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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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[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.