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 ₹ 21,277 Cr.
- Current Price ₹ 152
- High / Low ₹ 224 / 142
- Stock P/E 15.6
- Book Value ₹ 82.2
- Dividend Yield 2.14 %
- ROCE 17.5 %
- ROE 13.3 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has been maintaining a healthy dividend payout of 43.9%
Cons
- Earnings include an other income of Rs.669 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
Energy Oil, Gas & Consumable Fuels Gas LPG/CNG/PNG/LNG Supplier
Part of BSE 500 Nifty 500 BSE Oil & Gas Nifty Energy Nifty Smallcap 100
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,681 | 3,686 | 3,815 | 4,535 | 5,765 | 6,485 | 4,941 | 7,710 | 14,133 | 14,000 | 14,913 | 16,168 | 16,840 | |
| 2,887 | 2,910 | 2,851 | 3,409 | 4,506 | 4,949 | 3,446 | 5,816 | 12,089 | 11,612 | 12,934 | 14,291 | 15,213 | |
| Operating Profit | 794 | 775 | 964 | 1,126 | 1,259 | 1,536 | 1,495 | 1,894 | 2,044 | 2,388 | 1,979 | 1,876 | 1,627 |
| OPM % | 22% | 21% | 25% | 25% | 22% | 24% | 30% | 25% | 14% | 17% | 13% | 12% | 10% |
| 31 | 78 | 108 | 153 | 213 | 293 | 240 | 401 | 469 | 596 | 706 | 661 | 669 | |
| Interest | 30 | 10 | 1 | 2 | 2 | 20 | 22 | 25 | 27 | 28 | 26 | 35 | 16 |
| Depreciation | 149 | 156 | 167 | 181 | 201 | 252 | 290 | 317 | 363 | 414 | 476 | 518 | 531 |
| Profit before tax | 645 | 687 | 904 | 1,096 | 1,269 | 1,556 | 1,422 | 1,953 | 2,122 | 2,542 | 2,183 | 1,985 | 1,749 |
| Tax % | 33% | 33% | 33% | 34% | 34% | 20% | 18% | 23% | 23% | 22% | 22% | 22% | |
| 448 | 458 | 606 | 722 | 842 | 1,249 | 1,173 | 1,502 | 1,640 | 1,983 | 1,713 | 1,544 | 1,354 | |
| 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 | 11.07 | 9.72 |
| Dividend Payout % | 19% | 18% | 20% | 19% | 20% | 16% | 21% | 26% | 56% | 32% | 57% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 27% |
| 3 Years: | 5% |
| TTM: | 10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 5% |
| 3 Years: | -3% |
| TTM: | -18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | -12% |
| 3 Years: | -14% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 18% |
| 3 Years: | 17% |
| Last Year: | 13% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 140 | 280 | 280 |
| Reserves | 1,975 | 2,430 | 2,872 | 3,507 | 4,176 | 5,218 | 6,194 | 7,446 | 7,791 | 9,493 | 10,336 | 11,224 |
| 145 | 0 | 0 | 0 | 0 | 96 | 113 | 108 | 83 | 81 | 93 | 98 | |
| 833 | 882 | 1,186 | 1,453 | 1,871 | 2,094 | 2,606 | 3,413 | 4,614 | 4,510 | 4,880 | 5,432 | |
| Total Liabilities | 3,093 | 3,452 | 4,198 | 5,100 | 6,187 | 7,548 | 9,054 | 11,107 | 12,628 | 14,225 | 15,590 | 17,035 |
| 1,956 | 2,019 | 2,117 | 2,432 | 2,877 | 3,557 | 4,321 | 5,002 | 5,734 | 6,603 | 7,192 | 8,053 | |
| CWIP | 254 | 267 | 352 | 386 | 478 | 777 | 847 | 1,379 | 1,434 | 1,396 | 1,543 | 1,534 |
| Investments | 308 | 327 | 784 | 1,316 | 1,778 | 630 | 2,288 | 2,626 | 1,522 | 2,222 | 2,926 | 3,175 |
| 575 | 839 | 945 | 966 | 1,054 | 2,584 | 1,598 | 2,101 | 3,939 | 4,003 | 3,929 | 4,273 | |
| Total Assets | 3,093 | 3,452 | 4,198 | 5,100 | 6,187 | 7,548 | 9,054 | 11,107 | 12,628 | 14,225 | 15,590 | 17,035 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 664 | 653 | 946 | 879 | 1,157 | 1,361 | 1,546 | 1,898 | 2,231 | 1,532 | 2,184 | 1,936 | |
| -364 | -175 | -1,114 | -717 | -1,121 | -521 | -1,826 | -1,585 | -841 | -1,103 | -1,504 | -1,211 | |
| -327 | -256 | -160 | -84 | -169 | -243 | -297 | -328 | -1,359 | -316 | -754 | -699 | |
| Net Cash Flow | -27 | 223 | -328 | 78 | -133 | 597 | -577 | -15 | 31 | 113 | -74 | 25 |
| Free Cash Flow | 449 | 422 | 675 | 409 | 476 | 398 | 663 | 561 | 1,109 | 303 | 1,019 | 588 |
| CFO/OP | 106% | 108% | 126% | 107% | 121% | 111% | 123% | 120% | 133% | 85% | 130% | 124% |
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 | 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 | -80 |
| ROCE % | 29% | 32% | 32% | 30% | 31% | 24% | 27% | 27% | 28% | 21% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| CNG Stations Number ・Standalone data |
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| CNG Vehicles Served Number ・Standalone data |
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| MDPE Pipeline Network km ・Standalone data |
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| PNG Domestic Connections Lakhs ・Standalone data |
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| PNG Industrial and Commercial Connections Number ・Standalone data |
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| Steel Pipeline Network km ・Standalone data |
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| Total Sales Volume MMSCMD ・Standalone data |
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| CNG Sale per Day Lakh kg/day ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- CAG appointed PSMG & Associates as IGL’s statutory auditor for FY2026-27.
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Business Responsibility and Sustainability Reporting (BRSR)
- IGL schedules 27th AGM on September 24, 2026; proposes Rs.1.5 final dividend for FY26.
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Notice Of 27Th Annual General Meeting Along With Annual Report For FY 2025-26.
- IGL schedules AGM on September 24, 2026 and proposes Rs.1.5 final dividend; record date October 1, 2026.
- Reg. 34 (1) Annual Report.
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Record Date For Purpose Of Final Dividend For The FY 2025-26
- IGL’s 27th AGM is on September 24, 2026; record date for final dividend is October 1, 2026.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026TranscriptPPTREC
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May 2026TranscriptPPTREC
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Feb 2026TranscriptPPTREC
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Nov 2025TranscriptPPTREC
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Jul 2025TranscriptPPT
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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 2022TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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.