1. Indraprastha Gas
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63% Buy

Indraprastha Gas Share Price

IGL

₹471.05-₹6.00 (-1.26%) Past Year
₹465.00₹476.00
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Company overview

About

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Market cap

Market Cap Switch₹29,110 Cr

Open

₹476.00

Close

₹477.05

Circuit range

₹524.75 - ₹429.35

Day range

₹465.00 - ₹476.00

Year range

₹375.70 - ₹515.70

Volume

9,20,734

Avg. traded

₹468.26

Revenue (12m)

₹15,572 Cr

Indraprastha Gas

Natural gas distribution company Indraprastha Gas Limited (IGL) caters to cooking and vehicular fuel consumers in the domestic, transport and commercial sectors.

The Delhi-based company supplies Compressed Natural Gas (CNG) to the transport sector, Piped Natural Gas (PNG) to the domestic and commercial sectors, and R-LNG to industrial establishments.

The company was set up as a joint venture among GAIL (India) Limited, Bharat Petroleum Corporation Limited (BCCL) and the Government of Delhi in 1998.

IGL primarily supplies natural gas to consumers in Delhi-National Capital Region (NCR) and parts of neighbouring states.

In 1999, the company acquired the Delhi City Gas Distribution Project from GAIL.

To raise money from the capital market, IGL came up with an Initial Public Offering (IPO) in 2003. Subsequently was listed on the National Stock Exchange (NSE) and BSE.

IGL has two associate companies. The Central UP Gas Limited (CUGL) is the gas distributor for Kanpur, Bareilly, Jhansi and Unnao cities in Uttar Pradesh. Maharashtra Natural Gas Limited (MNGL) is engaged in city gas distribution to Pimpri, Chinchwad, Pune, Talegaon, Hinjewadi, Chakan, Nasik and Dhule in Maharashtra. The company also provides piped natural gas to Valsad in Gujarat and Ramanagara in Karnataka.

IGL’s market capitalisation stood at more than ₹30,000 crore as of January 6, 2024. IGL share price has declined 17% in the last three years.

Business operations

With a vast network of 802 CNG stations and a CNG compression capacity of 97.46 Lakh Kg/day, IGL serves nearly 25 lakh domestic customers. The company also caters to 5,486 commercial customers and 4,312 Industrial customers, who use around 15.51 lakh vehicles.

The geographical area covered by the CNG vehicles fuelled by IGL encompasses Delhi, UP’s Ghaziabad, Hapur, Noida, Greater Noida, Shamli, Kanpur, Meerut, Fatehpur, Hamirpur and Muzaffarnagar, and Hariayana’s Rewari, Gurugram, Karnal and Kaithal.

IGL offers PNG services to households in Delhi-NCR as well as in a few districts of Uttar Pradesh, Haryana and Rajasthan.

In FY23, IGL gave over 3.1 lakh new household PNG connections. Its pipeline infrastructure expanded to 22,500 km in FY23 from 18,811 kms in FY22.

IGL has signed a Memorandum of Understanding (MOU) with the country’s largest engineering enterprise Bharat Heavy Electricals Limited (BHEL) for establishing a manufacturing facility. The new facility will be used for refilling Type IV lightweight cylinders with CNG as well as Hydrogen gas.

In a bid to foray into the Electric Vehicle (EV) sector, the company has entered into a partnership with the United Nations Development Programme (UNDP) for installing EV chargers at IGL CNG stations. The Delhi government has selected IGL as a nodal agency for developing EV Charging infrastructure in two districts of the Union Territory.

The company has also set up a battery-swapping facility for two-wheelers.

Financial highlights

The consolidated revenue from operations increased by 83.89% to ₹15,603 crore in FY23 from ₹8,484.73 crore in FY22. The company’s profit before tax surged 8.66% to ₹2,122.37 crore in FY23 from ₹1,953.2 crore in FY22. Its profit after tax (PAT) increased to ₹1,445 crore in FY23 from ₹1,314.95 crore in FY22. The company's earnings per share (EPS) increased to ₹23.42 in FY23 from ₹21.46 in FY22.

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Indraprastha Gas Key indicators

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52 week high

₹515.70

52 week low

₹375.70

P/E ratio

17.14

P/B ratio

3.55

ROE

20.61%

ROCE

27.88%

Dividend yield

2.72%

Debt/Equity ratio

EPS

20.64

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Investment checklist: (4/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

63%

Hold

24%

Sell

13%

This analysis is based on the reviews of 30 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

14.86%

Net profit margin

9.26%

ROE

20.61%

ROA

13%

ROCE

27.88%

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Indraprastha Gas Shareholder returns

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1 day

+0.26%

1 week

+8.09%

1 month

+10.92%

3 months

+14.18%

1 year

+1.74%

3 years

-12.06%

5 years

+53.34%

Revenue statement

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Cash flow

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Balance sheet

All values are in ₹ Crores (Cr)
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Empty state

No data available at the moment

Indraprastha Gas Share Price history

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DayOpenCloseDay’s change
Wed, Apr 10 2024
₹475.75
₹477.05
+0.27%
Tue, Apr 9 2024
₹476.45
₹475.80
-0.14%
Mon, Apr 8 2024
₹461.90
₹475.35
+2.83%
Fri, Apr 5 2024
₹437.20
₹460.10
+4.98%
Thu, Apr 4 2024
₹441.55
₹437.10
-1.02%
Wed, Apr 3 2024
₹443.65
₹441.35
-0.52%
Tue, Apr 2 2024
₹440.35
₹443.65
+0.74%
Mon, Apr 1 2024
₹430.90
₹440.35
+2.15%

Shareholding info

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Promoters (45%)

Mutual Funds (9.04%)

Retail and other (9.36%)

Foreign institutions-FII (17.91%)

Other domestic institutions (18.7%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4/share

    Ex date 15 Nov 2023

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  • Dividend • ₹10/share

    Ex date 31 Mar 2023

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  • Dividend • ₹3/share

    Ex date 07 Feb 2023

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  • Dividend • ₹5.5/share

    Ex date 15 Sep 2022

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Frequently asked questions