Indraprastha Gas Ltd

AI

Indraprastha Gas Ltd

₹ 142 -0.70%
13 Nov - 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 ₹ 19,926 Cr.
  • Current Price ₹ 142
  • High / Low ₹ 216 / 126
  • Stock P/E 19.9
  • Book Value ₹ 82.6
  • Dividend Yield 3.34 %
  • ROCE 17.5 %
  • ROE 13.6 %
  • 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.680 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
3,459 3,556 3,597 3,517 3,698 3,759 3,948 3,914 4,023 4,068 4,163 4,587 5,118
2,802 2,994 3,076 2,940 3,163 3,397 3,455 3,403 3,582 3,597 3,742 4,293 5,150
Operating Profit 657 562 521 576 535 362 493 511 441 471 421 294 -32
OPM % 19% 16% 14% 16% 14% 10% 12% 13% 11% 12% 10% 6% -0.6%
152 140 161 157 174 170 202 164 178 167 166 159 188
Interest 2 2 3 2 2 2 4 3 3 2 8 3 4
Depreciation 102 102 111 114 119 122 121 124 128 132 133 137 144
Profit before tax 704 599 569 617 588 408 570 548 488 503 447 312 9
Tax % 22% 21% 24% 22% 23% 20% 20% 22% 21% 22% 24% 24% -163%
553 475 433 480 454 325 453 428 385 392 339 238 24
EPS in Rs 3.95 3.40 3.10 3.44 3.25 2.33 3.25 3.06 2.76 2.81 2.43 1.72 0.18
Raw PDF

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 17,935
2,887 2,910 2,851 3,409 4,506 4,949 3,446 5,816 12,089 11,612 12,934 14,291 16,781
Operating Profit 794 775 964 1,126 1,259 1,536 1,495 1,894 2,044 2,388 1,979 1,876 1,154
OPM % 22% 21% 25% 25% 22% 24% 30% 25% 14% 17% 13% 12% 6%
31 78 108 153 213 293 240 401 469 596 706 661 680
Interest 30 10 1 2 2 20 22 25 27 28 26 35 17
Depreciation 149 156 167 181 201 252 290 317 363 414 476 518 546
Profit before tax 645 687 904 1,096 1,269 1,556 1,422 1,953 2,122 2,542 2,183 1,985 1,271
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 1,544 992
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 7.14
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: 15%
Compounded Profit Growth
10 Years: 13%
5 Years: 5%
3 Years: -2%
TTM: -37%
Stock Price CAGR
10 Years: 5%
5 Years: -11%
3 Years: -10%
1 Year: -33%
Return on Equity
10 Years: 19%
5 Years: 18%
3 Years: 17%
Last Year: 14%

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 Sep 2026
Equity Capital 140 140 140 140 140 140 140 140 140 140 280 280 280
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 11,280
145 0 0 0 0 96 113 108 83 81 93 98 93
833 882 1,186 1,453 1,871 2,094 2,606 3,413 4,614 4,510 4,880 5,432 6,500
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 18,153
1,956 2,019 2,117 2,432 2,877 3,557 4,321 5,002 5,734 6,603 7,192 8,053 8,388
CWIP 254 267 352 386 478 777 847 1,379 1,434 1,396 1,543 1,534 1,628
Investments 308 327 784 1,316 1,778 630 2,288 2,626 1,522 2,222 2,926 3,175 3,156
575 839 945 966 1,054 2,584 1,598 2,101 3,939 4,003 3,929 4,273 4,982
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 18,153

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 106% 108% 126% 107% 121% 111% 123% 120% 133% 85% 130% 124%

Ratios

Consolidated / 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 Mar 2026
CNG Stations
Number ・Standalone data

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CNG Vehicles Served
Number ・Standalone data
MDPE Pipeline Network
km ・Standalone data
PNG Domestic Connections
Lakhs ・Standalone data
PNG Industrial and Commercial Connections
Number ・Standalone data
Steel Pipeline Network
km ・Standalone data
Total Sales Volume
MMSCMD ・Standalone data
CNG Sale per Day
Lakh kg/day ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 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%
17.91% 16.81% 16.16% 19.29% 14.32% 14.67% 16.82% 17.21% 17.00% 17.08% 10.16% 9.73%
22.74% 24.22% 25.10% 23.18% 26.12% 26.18% 23.99% 24.08% 24.17% 23.25% 30.02% 30.08%
5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%
9.36% 8.96% 8.74% 7.53% 9.55% 9.15% 9.19% 8.71% 8.83% 9.65% 9.81% 10.19%
No. of Shareholders 3,16,3402,96,5692,90,3782,60,8673,44,9093,52,1613,59,6663,44,5393,45,2053,65,4783,67,3773,73,185

* 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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