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 ₹ 19,838 Cr.
- Current Price ₹ 142
- High / Low ₹ 224 / 139
- Stock P/E 14.6
- Book Value ₹ 82.2
- Dividend Yield 3.33 %
- 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: | 5% |
| 5 Years: | -11% |
| 3 Years: | -15% |
| 1 Year: | -32% |
| 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 / 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 |
|
|||||||||
| 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
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
-
Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- CAG appointed PSMG & Associates as IGL’s statutory auditor for FY2026-27.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from web
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2012
from bse
Concalls
-
Aug 2026Transcript REC
-
May 2026REC
-
Feb 2026Transcript REC
-
Nov 2025Transcript REC
-
Jul 2025Transcript
-
Apr 2025Transcript REC
-
Jan 2025Transcript
-
Oct 2024Transcript
-
Jul 2024Transcript PPT
-
May 2024Transcript PPT
-
Jan 2024Transcript PPT REC
-
Nov 2023Transcript
-
Jul 2023Transcript
-
May 2023Transcript PPT
-
Jan 2023Transcript
-
Oct 2022PPT
-
May 2022PPT
-
Feb 2022PPT
-
Nov 2021PPT
-
Feb 2018PPT
-
Nov 2017PPT
-
Nov 2016PPT
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.