Indraprastha Gas Ltd logo

Indraprastha Gas Ltd

IGL NSE

Key Fundamentals

SmallcapGas SupplierOil & Gas
Market Cap
₹21,533 Cr
Volatility
Moderate
P/E Ratio
13.74
EBITDA
₹1,844 Cr
Return on Equity
16.1%
Debt to Equity
0.01
Book Value
₹82.17
EPS
₹27.78
52W High
₹223.5
52W Low
₹141.74

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Indraprastha Gas Ltd insights

36 extracted metrics + investor summaries across FY12–FY26.

Log in — free

Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

2
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 34.1%

Weaknesses

1
  • Earnings include an other income of Rs.675 Cr.

Growth Rate

Revenue Growth
5.93% ↗
Net Income Growth
-6.82% ↗
Cash Flow Change
43.55% ↗
ROE
-21.65% ↘
ROCE
-22.66% ↘
EBITDA Margin (Avg.)
-27.58% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Indraprastha Gas Ltd trades at a PE of 14.1x with a market cap of ~₹21,687 Cr and is virtually debt-free. While the company has delivered 10-year sales CAGR of 16% and profit CAGR of 13%, recent performance shows margin compression with TTM profit declining 7% YoY and EBITDA margins contracting from ~17% to ~11% over the past year.

Bull Case 8
  • Virtually debt-free balance sheet, giving financial flexibility for expansion capex without leveraging risk
  • Trading at a PE of 14.1x, which is below its historical average and below the broader market multiple, suggesting undemanding valuations
  • Healthy dividend payout of 34.1% with a current yield of 2.08%, providing income support during a period of stock price weakness
  • 10-year compounded sales growth of 16% and profit growth of 13% demonstrate a long track record of consistent expansion
  • Volume growth remains steady at 6% YoY in Q4 FY25 (8.99 MMSCMD), with CNG up 6% and PNG up 11%, indicating continued demand traction
  • New geographical areas (Rajasthan, UP, Haryana) are growing volumes at 28-30% annually, providing a long growth runway beyond saturated NCR markets
  • Management guidance of 10-15% annual core volume growth over the next five years, supported by ₹8,000 Cr planned capex for network expansion
  • Price-to-book of 1.9x with 3-year average ROE of 17% suggests reasonable value relative to return on capital deployed
Bear Case 8
  • TTM profit has declined 7% YoY and 3-year profit CAGR is -1%, indicating earnings are under sustained pressure
  • EBITDA margin has contracted sharply from 17% to 11% over the past year due to elevated gas input costs and inability to fully pass through
  • Stock has delivered -24% return over 1 year and -12% CAGR over 3 years, reflecting sustained de-rating by the market
  • Q4 FY26 PAT fell 25% YoY to ₹341 Cr, showing accelerating earnings decline in recent quarters
  • Other income of ₹675 Cr forms a material portion of reported earnings, flattering profitability ratios and masking weaker operating performance
  • Last year ROE declined to 14% from a 5-year average of 18%, indicating deteriorating capital efficiency
  • Per-unit EBITDA margin of ₹5.4/scm remains sensitive to volatile APM gas allocation and spot LNG prices, creating earnings unpredictability
  • 5-year stock CAGR of -10% versus 10-year CAGR of +9% suggests the growth re-rating phase may have ended as the CGD sector matures

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Neutral 2
  • ₹25.80 Cr block trade on BSE Jul 22

    Approximately 17 lakh shares traded at ₹151.75 per share in a single block deal worth ₹25.80 crore, indicating institutional-level activity.

  • New Head C&P and Stores appointed Jul 9

    Ashish Dadel appointed as Head (C&P and Stores) effective July 9, 2026, replacing Adesh Singhal in a routine leadership transition.

TL;DR: Limited news flow for IGL in this period with no clear bullish or bearish catalysts. A ₹25.80 crore block trade suggests institutional repositioning but lacks directional clarity. A mid-level leadership change is routine and unlikely to impact operations. The stock remains in a wait-and-watch phase with no material positive or negative triggers visible.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
3,682
3,407
3,459
3,556
3,597
3,517
3,698
3,759
3,948
3,914
4,023
4,068
4,163
Expenses
3,221
2,765
2,802
2,994
3,076
2,940
3,163
3,397
3,455
3,403
3,582
3,597
3,742
Operating Profit
461
642
657
562
521
576
535
362
493
511
441
471
421
OPM %
13%
19%
19%
16%
14%
16%
14%
10%
12%
13%
11%
12%
10%
Other Income
139
129
152
140
161
157
174
170
202
164
178
167
166
Interest
3
2
2
2
3
2
2
2
4
3
3
2
8
Depreciation
94
99
102
102
111
114
119
122
121
124
128
132
133
PBT
503
670
704
599
569
617
588
408
570
548
488
503
447
Tax %
21%
22%
22%
21%
24%
22%
23%
20%
20%
22%
21%
22%
24%
Net Profit
398
522
553
475
433
480
454
325
453
428
385
392
339
EPS in Rs
2.84
3.73
3.95
3.4
3.1
3.44
3.25
2.33
3.25
3.06
2.76
2.81
2.43
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3,681
3,686
3,815
4,535
5,765
6,485
4,941
7,710
14,133
14,000
14,928
16,168
Expenses
2,887
2,910
2,851
3,409
4,506
4,949
3,446
5,816
12,089
11,612
12,934
14,324
Operating Profit
794
775
964
1,126
1,259
1,536
1,495
1,894
2,044
2,388
1,994
1,844
OPM %
22%
21%
25%
25%
22%
24%
30%
25%
14%
17%
13%
11%
Other Income
31
78
108
153
213
293
240
401
469
596
691
675
Interest
30
10
1
2
2
20
22
25
27
28
26
15
Depreciation
149
156
167
181
201
252
290
317
363
414
476
518
PBT
645
687
904
1,096
1,269
1,556
1,422
1,953
2,122
2,542
2,183
1,985
Tax %
33%
33%
33%
34%
34%
20%
18%
23%
23%
22%
22%
22%
Net Profit
448
458
606
722
842
1,249
1,173
1,502
1,640
1,983
1,713
1,544
EPS in Rs
3.2
3.27
4.33
5.16
6.02
8.92
8.38
10.73
11.71
14.18
12.27
11.07
Div. Payout %
19%
18%
20%
19%
20%
16%
21%
26%
56%
32%
57%
14%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Borrowings
145
0
0
0
0
96
113
108
83
81
93
98
Other Liabilities
833
882
1,186
1,453
1,871
2,094
2,606
3,413
4,614
4,510
4,880
5,426
Total Liabilities
3,093
3,452
4,198
5,100
6,187
7,548
9,054
11,107
12,628
14,225
15,590
17,028
Fixed Assets
1,956
2,019
2,117
2,432
2,877
3,557
4,321
5,002
5,734
6,603
7,192
8,069
CWIP
254
267
352
386
478
777
847
1,379
1,434
1,396
1,543
1,518
Investments
308
327
784
1,316
1,778
630
2,288
2,626
1,522
2,222
2,926
3,175
Other Assets
575
839
945
966
1,054
2,584
1,598
2,101
3,939
4,003
3,929
4,267
Total Assets
3,093
3,452
4,198
5,100
6,187
7,548
9,054
11,107
12,628
14,225
15,590
17,028
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
664
653
946
879
1,157
1,361
1,546
1,898
2,231
1,532
2,199
1,936
Investing
-364
-175
-1,114
-717
-1,121
-521
-1,826
-1,585
-841
-1,103
-1,519
-1,211
Financing
-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
1,035
588
CFO/OP
106
108
126
107
121
111
123
120
133
85
130
126
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
-49
ROCE %
—
29%
32%
32%
30%
31%
24%
27%
27%
28%
21%
18%

Shareholding Pattern

As of Jun 2026
Promoters 45.00%
DIIs 30.03%
FIIs 10.16%
Public 8.19%
Government 5.00%
Others 1.62%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Feb 2025Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
45.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
20.94%
0.00%
16.82%
16.16%
19.29%
14.33%
14.05%
14.67%
16.82%
17.21%
16.99%
17.08%
10.16%
DIIs
15.80%
14.37%
15.63%
16.56%
16.88%
16.75%
19.82%
19.71%
20.47%
20.36%
21.24%
22.10%
24.23%
25.10%
23.19%
26.12%
26.30%
26.18%
24.00%
24.08%
24.18%
23.26%
30.03%
Government
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
5.00%
Public
5.39%
5.51%
5.60%
6.61%
8.09%
8.19%
7.42%
7.15%
6.90%
6.50%
6.60%
8.01%
7.39%
7.08%
6.20%
7.96%
8.00%
7.61%
7.66%
7.31%
7.44%
8.11%
8.19%
Others
28.81%
30.12%
28.77%
26.83%
25.03%
25.06%
22.76%
23.14%
22.63%
23.14%
1.22%
19.89%
1.56%
1.66%
1.33%
1.59%
1.65%
1.54%
1.53%
1.40%
1.39%
1.55%
1.62%
No. of Shareholders
0
1,96,066
2,12,695
2,28,885
2,93,117
3,70,190
3,69,392
3,40,915
3,05,961
2,72,065
2,70,687
3,16,340
2,96,569
2,90,378
2,60,867
3,44,909
3,42,950
3,52,161
3,59,666
3,44,539
3,45,205
3,65,478
3,67,377

Documents

1
Concall - Nov 2017 Nov 2017
2
Concall - Feb 2018 Feb 2018
3
Concall - May 2026 May 2026
4
Concall - Nov 2016 Nov 2016
5
Concall - Nov 2017 Nov 2017

Frequently Asked Questions about Indraprastha Gas Ltd

What does Indraprastha Gas Ltd do?
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...
Where is Indraprastha Gas Ltd (IGL) listed?
Indraprastha Gas Ltd is listed on the Indian stock exchanges. It is listed on NSE: IGL and BSE: 532514. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Indraprastha Gas Ltd belong to?
Indraprastha Gas Ltd operates in the Oil & Gas sector within the Gas Supplier industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Indraprastha Gas Ltd?
Indraprastha Gas Ltd has a market capitalisation of approximately ₹21533.42 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Indraprastha Gas Ltd?
The Price-to-Earnings (PE) ratio of Indraprastha Gas Ltd is 13.74. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Indraprastha Gas Ltd?
Over the past 52 weeks, Indraprastha Gas Ltd has traded between a low of ₹141.74 and a high of ₹223.5. This range helps investors understand the stock's price volatility and recent trading levels.
Does Indraprastha Gas Ltd pay dividends?
Yes, Indraprastha Gas Ltd has a dividend yield of 2.11%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Indraprastha Gas Ltd?
Indraprastha Gas Ltd has a Return on Equity (ROE) of 16.10%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Indraprastha Gas Ltd on Tapetide?
On Tapetide, you can view Indraprastha Gas Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website iglonline.net
CEO Mr. Raman Kumar Srivastava
Employees 720
Listed 2003-12-26
Face Value ₹ 2
Issued Size 1,40,00,01,600

Explore More

More in Oil & Gas → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List