Indraprastha Gas Ltd

About [ edit ]

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, Muzaffarnagarm, 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. #

Key Points [ edit ]
  • Market Cap 36,981 Cr.
  • Current Price 528
  • High / Low 595 / 364
  • Stock P/E 34.0
  • Book Value 79.7
  • Dividend Yield 0.53 %
  • ROCE 30.3 %
  • ROE 24.5 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 21.44% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 18.35%

Cons

Peer comparison

Sector: Gas Distribution Industry: Miscellaneous

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,289 1,423 1,510 1,543 1,576 1,692 1,664 1,553 639 1,305 1,446
992 1,113 1,191 1,211 1,218 1,300 1,272 1,176 555 898 945
Operating Profit 296 310 320 331 358 393 392 377 83 407 501
OPM % 23% 22% 21% 21% 23% 23% 24% 24% 13% 31% 35%
Other Income 39 56 67 54 69 81 67 80 37 59 73
Interest 1 1 1 0 2 2 2 3 2 2 3
Depreciation 47 50 51 52 60 62 64 66 68 71 75
Profit before tax 288 315 334 333 365 410 393 388 49 393 496
Tax % 35% 34% 34% 31% 33% -1% 24% 25% 29% 3% 23%
Net Profit 187 207 221 228 245 416 297 291 35 380 382
EPS in Rs 2.67 2.95 3.15 3.26 3.50 5.94 4.25 4.15 0.50 5.43 5.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,681 3,686 3,815 4,535 5,765 6,485 4,943
2,887 2,910 2,851 3,419 4,508 4,966 3,575
Operating Profit 794 775 964 1,116 1,257 1,520 1,368
OPM % 22% 21% 25% 25% 22% 23% 28%
Other Income 31 78 108 162 215 297 248
Interest 30 10 1 2 2 8 10
Depreciation 149 156 167 181 201 252 280
Profit before tax 645 687 904 1,096 1,269 1,556 1,326
Tax % 33% 33% 33% 34% 34% 20%
Net Profit 448 458 606 722 842 1,249 1,088
EPS in Rs 6.40 6.54 8.66 10.31 12.03 17.84 15.53
Dividend Payout % 19% 18% 20% 19% 20% 16%
Compounded Sales Growth
10 Years:%
5 Years:12%
3 Years:19%
TTM:-24%
Compounded Profit Growth
10 Years:%
5 Years:21%
3 Years:25%
TTM:-8%
Stock Price CAGR
10 Years:22%
5 Years:34%
3 Years:27%
1 Year:16%
Return on Equity
10 Years:%
5 Years:22%
3 Years:22%
Last Year:24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
140 140 140 140 140 140 140
Reserves 1,975 2,430 2,872 3,507 4,176 5,218 5,437
Borrowings 145 0 0 0 0 96 85
833 882 1,186 1,453 1,871 2,094 2,450
Total Liabilities 3,093 3,452 4,198 5,100 6,187 7,548 8,112
1,956 2,019 2,117 2,432 2,877 3,557 3,787
CWIP 254 267 352 386 478 777 738
Investments 308 327 784 1,316 1,778 630 1,323
575 839 945 966 1,054 2,584 2,265
Total Assets 3,093 3,452 4,198 5,100 6,187 7,548 8,112

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
664 653 946 879 1,157 1,361
-364 -175 -1,114 -717 -1,121 -521
-327 -256 -160 -84 -169 -243
Net Cash Flow -27 223 -328 78 -133 597

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 29% 32% 32% 30% 30%
Debtor Days 23 25 19 18 14 10
Inventory Turnover 46.57 38.13 47.35 65.21 71.71

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00 45.00
20.11 21.14 19.93 21.08 22.82 23.83 24.49 22.77 22.29 21.27 23.22 23.80
17.72 17.15 18.71 18.03 16.71 15.88 15.74 16.75 17.22 17.39 16.08 15.93
5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00 5.00
12.17 11.71 11.36 10.89 10.47 10.29 9.77 10.48 10.49 11.34 10.70 10.27

Documents