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Indraprastha Gas Ltd

Fri 25/04/2025,15:59:53 NSE: IGL

₹ 178.20 -7.20 (-3.88%)
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Fri 25/04/2025,16:1:0

Indraprastha Gas Ltd

Fri 25/04/2025,15:59:53 | NSE : IGL

₹ 178.20-7.20 (-3.88%)

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Market Data

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Open

₹ 185.99

Previous Close

₹ 185.40

Volume

3527583

Mkt Cap ( Rs. Cr)

₹24948.03

High

₹ 187.29

Low

₹ 177.50

52 Week High

₹ 285.18

52 Week Low

₹ 153.05

Book Value Per Share

₹ 75.48

Dividend Yield

5.05

Face Value

₹ 2.00

What’s Your Call?

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Your Vote -

Buy

95.71%

Hold

1.00%

Sell

3.29%

95.71%

2005 users have voted

Market Depth

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Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

178.20

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Bid Total

174

Bid Price

Qty

0.00

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Bid Total

0

Option Chain

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News

Media spotlight triggers stock stock attention, sentiment.

  • Indraprastha Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    23 Apr 2025, 8:49PM Indraprastha Gas Limited has informed the Exchange about Schedule of meet

  • Indraprastha Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    23 Apr 2025, 8:46PM Conference call to discuss Audited Financial Results for the quarter/year March 31, 2025.

  • Indraprastha Gas - Board Meeting Intimation

    22 Apr 2025, 11:25AM INDRAPRASTHA GAS LIMITED has informed the Exchange about Board Meeting to be held on 27-Apr-2025 to consider and approve the Yearly Audited Financial

  • Indraprastha Gas - Board Meeting Intimation for Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 20

    22 Apr 2025, 11:12AM Indraprastha Gas Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/04/2025 ,inter alia, to consider and

  • Indraprastha Gas has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2025

    19 Apr 2025, 5:00PM As of March 2025, 45.00% is owned by Indian Promoters and 55.00% by Public. <p align=justify> Institutional holds 40.85% (Insurance Companies 13.31%)

  • Indraprastha Gas - Disclosure of material issue

    15 Apr 2025, 7:18PM Indraprastha Gas Limited has informed regarding Disclosure of material issue

  • Indraprastha Gas - Announcement Under Regulation 30 - SEBI LODR

    15 Apr 2025, 7:11PM Disclosure of Material Events

  • Indraprastha Gas - Disclosure under SEBI Takeover Regulations

    15 Apr 2025, 1:15PM Bharat Petroleum Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of

  • Indraprastha Gas - Board Meeting Outcome for Announcement Under Regulation 30 Of Listing Regulations.

    29 Mar 2025, 6:33PM Announcement under Regulation 30 of Listing Regulations regarding Setting up of a Solar Plant.

  • Indraprastha Gas - Outcome of Board Meeting

    29 Mar 2025, 6:27PM Indraprastha Gas Limited has informed the Exchange under Regulation 30 of Listing Regulations regarding Setting up of a Solar Plant.

  • Indraprastha Gas - Trading Window-XBRL

    26 Mar 2025, 4:05PM INDRAPRASTHA GAS LIMITED has informed the Exchange about Closure of Trading Window

  • Indraprastha Gas - Trading Window

    26 Mar 2025, 3:34PM Indraprastha Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations,

  • Indraprastha Gas - Shareholders meeting

    10 Mar 2025, 3:22PM Indraprastha Gas Limited has submitted the Exchange a copy of voting results and Srutinizers report of Postal Ballot

  • Indraprastha Gas - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report

    10 Mar 2025, 3:06PM Declaration of Postal Ballot voting results along with Scrutinizer report

  • Indraprastha Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    14 Feb 2025, 11:10AM Indraprastha Gas Limited has informed the Exchange about Schedule of meet

  • Indraprastha Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    14 Feb 2025, 11:05AM Analyst/Investor meet intimation

  • Indraprastha Gas has submitted to BSE the Shareholding Pattern for the Period Ended February 01, 2025

    11 Feb 2025, 7:00AM As of February 2025, 45.00% is owned by Indian Promoters and 55.00% by Public. <p align=justify> Institutional holds 40.35% (Insurance Companies 13.08

  • Indraprastha Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    10 Feb 2025, 4:30PM Indraprastha Gas Limited has informed the Exchange about Schedule of meet

  • Indraprastha Gas - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    10 Feb 2025, 4:27PM Analyst/Investor meeting schedule

  • Indraprastha Gas - Notice Of Shareholders Meetings-XBRL

    4 Feb 2025, 11:05AM INDRAPRASTHA GAS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Postal Ballot

  • Indraprastha Gas - Shareholders meeting

    3 Feb 2025, 4:13PM Indraprastha Gas Limited has informed the Exchange regarding Notice of Postal Ballot

  • Indraprastha Gas - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    3 Feb 2025, 4:04PM Notice of Postal Ballot and Remote E- Voting

  • Indraprastha Gas - Updates

    1 Feb 2025, 4:10PM Indraprastha Gas Limited has informed the Exchange regarding 'Allotment of Bonus Equity Shares'.

  • Indraprastha Gas - Announcement under Regulation 30 (LODR)-Allotment

    1 Feb 2025, 4:00PM Allotment of Bonus Equity Shares

  • Indraprastha Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    30 Jan 2025, 4:59PM Indraprastha Gas Limited has informed the Exchange about Transcript

  • Indraprastha Gas - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    30 Jan 2025, 4:55PM Transcript link of Conference call held on January 28, 2025

  • Indraprastha Gas - Revised Deemed Date Of Allotment

    29 Jan 2025, 6:25PM Revised Deemed Date of Allotment

  • Indraprastha Gas - General Updates

    29 Jan 2025, 6:25PM Indraprastha Gas Limited has informed the Exchange about revised deemed date of allotment.

  • Indraprastha Gas - Analysts/Institutional Investor Meet/Con. Call Updates

    28 Jan 2025, 9:35PM Indraprastha Gas Limited has informed the Exchange about Link of Recording of conference call held on January 28, 2025

  • Indraprastha Gas - Integrated Filing- Financial

    27 Jan 2025, 7:24PM Integrated Filing - Financial for the quarter December 31, 2024

  • Indraprastha Gas - Integrated Filing (Financial)

    27 Jan 2025, 7:23PM Integrated Filing (Financial) for Unaudited Financial Results for Quarter ended 31st December 2024

  • Indraprastha Gas Q3 net profit down 27.10% at Rs 285.82 cr

    27 Jan 2025, 6:40PM The company reported standalone net profit of Rs 285.82 crore for the quarter ended December 31, 2024 as compared to Rs 392.07 crore in the same perio

  • Indraprastha Gas - Financial Result Updates

    27 Jan 2025, 5:57PM Indraprastha Gas Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.

  • Indraprastha Gas - Unaudited Financial Results For The Quarter Ended December 31, 2024

    27 Jan 2025, 5:56PM Submission of Unaudited Financial Results for the Quarter ended December 31, 2024 along with Limited Review Reports

  • Indraprastha Gas Ltd

    21 Jun 2024 , 11:40AM The company is planning to foray into solar rooftop, battery recycling. This move would help to achieve net zero carbon targets. Positive

  • Indraprastha Gas

    7 Mar 2024 , 9:52AM The company has cut CNG price by Rs2.5/kg in Delhi and NCR region. The revised CNG price in Delhi is Rs74.09/kg. The move comes just a day after CNG price cut announced by MGL and the companies has indicated lower gas cost as the key reason for CNG price cut. Also, recent media reports indicated that members of PNGRB is looking into high margins/profit made by CGDs and collecting data to examine CNG prices. The recent price cuts and comments on reasonable returns for CGDs would act as a near overhang for CGDs and stock price of IGL/MGL could continue to remain under pressure in today’s trade as well despite steep fall of 6%/15% for IGL/MGL in yesterday’s trade.

  • Indraprastha Gas

    8 Feb 2024 , 12:50PM The company has signed a Memorandum of Understanding (MOU) with two technology partners to establish compressed biogas (CBG) plants across four states, namely Delhi, Haryana, Rajasthan, and Uttar Pradesh. Additionally, IGL has already appointed two other partners for the same purpose. The biogas produced from these 19 plants will be fed into the company's city gas distribution network.

  • Stock Update: Indraprastha Gas

    31 Jan 2024 , 11:07AM Stock Update: Indraprastha Gas Limited – Weak Q3; Maintain Hold

  • Indraprastha Gas

    28 Nov 2023 , 11:55AM As per media reports, Delhi's LG is expected to soon approves Delhi government's Scheme For EV Transition For Cab Aggregators, Delivery Companies. The stock has already corrected sharply post the announcement of draft EV policy and thus Delhi LG's would be just sentimentally negative. We have Hold rating on IGL.

  • Indraprastha Gas

    21 Nov 2023 , 10:26AM Container Corporation of India has signed an agreement with Indraprastha Gas to explore the possibility of setting up LNG or LCNG infrastructure at its terminals in Uttar Pradesh and Gujarat. This strategic partnership aims to revolutionise the logistics sector replacing diesel with natural gas. Long term positive for IGL as it would support volume growth. Also, Container Corporation could benefit from likely rational of fuel cost and thus for positive Container Corporation.

  • Stock update – Indraprastha Gas Q2FY24 result review

    3 Nov 2023 , 11:32AM Stock update – Indraprastha Gas Q2FY24 result review: In-line Q2; Downgrade to Hold on EV threat

  • IGL

    21 Jun 2023 , 12:17PM Delhi government allows validity of permits for CNG taxis for 15 years. In the draft scheme it had sought to mandate aggregators to switch to electric fleets within 7 years. Positive read through for the stock

  • Indraprastha Gas

    26 Apr 2023 , 10:15AM PNGRB issues authorisation order to IGL for GAs of Noida, Gurugram and Faridabad. This would help IGL to faster ramp-up CNG, D-PNG and I/C PNG network in the above-mentioned GAs and the same would drive gas sales volume growth. Positive read through for IGL.

  • IGL board declares second interim dividend

    23 Mar 2023 , 2:49PM IGL Board declares second interim dividend of Rs. 10/share for FY23

  • Indraprastha Gas

    23 Mar 2023 , 12:05PM IGL: Company has said input cost will go up by 80-85 paise/scm but company will not pass through the cost to the customers immediately. Expects gas prices to fall by $1/mmBtu if Kirit Parikh recommendations are taken into consideration.

  • Indraprastha Gas

    10 Oct 2022 , 11:55AM The company has hiked CNG price by Rs3/kg to Rs78.61/kg. We expect more price hike by CGDs (IGL, MGL and Gujarat Gas) to pass on recent steep hike in domestic gas price to maintain gross margin. CNG price hike is positive for IGL

  • Stock update – Indraprastha Gas

    29 Aug 2022 , 10:41AM Stock update – Indraprastha Gas: Policy support to drive earnings recovery; valuation attractive

  • Indraprastha Gas

    5 Aug 2022 , 1:00PM The company has hiked domestic PNG price by Rs2.63/scm in Delhi to pass on rise in input cost. This is marginally positive for IGL as domestic PNG volume account for only 7% of overall gas sales volume of 7.7 mmscmd.

  • Indraprastha Gas Ltd

    23 May 2022 , 10:49AM The company has hike CNG price again by Rs2/kg to Rs75.61/kg. Moreover, IGL has capex plan of Rs8000 cr over next 5 years for development of new GAs. This would take volume to 10 mmscmd versus 7 mmscmd currently. Proactive pricing and volume ramp-up bodes well for earnings recovery and is positive for IGL. We have Buy rating on IGL.

  • Indraprastha Gas

    16 May 2022 , 9:17AM The company has further increased CNG and domestic PNG price in Delhi by Rs2.5/kg and Rs4.25/scm to Rs71.61kg and Rs45.86/scm respectively. The price hike would help margin recovery for IGL. Positive read through for IGL.

  • Indraprastha Gas

    19 Apr 2022 , 9:09AM Indraprastha Gas Limited (IGL): The company has received grant of authorization from PNGRB for development of CGD network in the Geographical Area of Banda, Chitrakoot and Mahoba districts in UP. Development of new GAs could add 0.9-1mmscmd (12% of current volume of 7.7mmscmd) to IGL’s gas sales volume at full volume ramp-up at the new Gas and is positive for IGL.

  • Indraprastha Gas Ltd

    6 Apr 2022 , 12:34PM Indraprastha Gas (IGL): The company has further hiked CNG price in Delhi by Rs2.5.kg to Rs66.61.kg. IGL has taken total CNG price hike of Rs5.8/kg since April 01, 2022. The price hike would cushion margin but expectation for elevated gas cost in FY23 and lower APM gas allocation would remain an overhang on the company.

  • IGL hikes CNG price in Delhi by Rs. 2.50/kg

    4 Apr 2022 , 9:51AM IGL raises CNG price in Delhi by Rs. 2.50 to Rs. 64.11/kg effective today

  • IGL hikes CNG price in Delhi by Rs. 2.50/kg

    4 Apr 2022 , 9:47AM Indraprastha Gas Limited (IGL): The company has further hiked CNG price by Rs2.5/kg to Rs64.11/kg in Delhi with effect from April 04, 2022 post marginal price hike of Rs0.8/kg on April 1, 2022. Thus total CNG price hike is Rs3.3/kg since April 01, 2022 and we expect CGDs to continue with CNG/domestic PNG price hikes to sustain margin given expectation of further steep hike in APM gas price from October 2022 and lower allocation of domestic gas.

  • Indraprastha Gas

    24 Mar 2022 , 9:43AM The company has taken domestic PNG price hike of Rs1/scm in Delhi to Rs36.61/scm. Price hike is positive for IGL as it would cushion EBITDA margin to some extent in the elevated gas cost environment

  • Indraprastha Gas

    11 Mar 2022 , 12:11PM The company has received a letter of intent from the Petroleum and Natural Gas Regulatory Board (PNGRB) for development of CGD network in Banda, Chitrakoot and Mahoba in Uttar Pradesh. Positive for IGL as development and ramp-up in new areas to drive volume growth.

  • Indraprastha Gas Q3FY22 results

    9 Feb 2022 , 12:57PM Indraprastha Gas Q3FY22 results: Broadly in-line operating profit, volume beat largely offsets margin miss

  • Stock update – Indraprastha Gas

    8 Dec 2021 , 10:36AM Stock update – Indraprastha Gas Ltd: Margin concerns overblown; correction an opportunity to Buy

  • Stock update – Indraprastha Gas

    8 Dec 2021 , 10:34AM Stock update – Indraprastha Gas Ltd: Margin concerns overblown; correction an opportunity to Buy

  • Indraprastha Gas

    6 Dec 2021 , 10:43AM Indraprastha Gas Limited (IGL): The company has increased CNG price by Rs1/kg to Rs53/kg in Delhi with effect from December 04, 2021. We highlight here that IGL has taken total CNG price hike of Rs9.8/kg since July 2021 and would continue to hike CNG price given expectation of steep rise in domestic gas price from April 2022. CNG price increase is positive for IGL as it would help protect EBITDA margin. We have Buy rating on IGL.

  • Indraprastha Gas

    15 Nov 2021 , 9:49AM The company has increased CNG in NCR region by Rs2.28/kg to Rs52.04/kg with effect from November 14, 2021. We highlight here that IGL has taken total CNG price hike of Rs8.8/kg since July 2021 and the same would help sustain high EBITDA margin for IGL. We expect other CGDs (MGL and Gujarat Gas) to hike CNG price given expectation of steep increase in domestic gas price from April 2022 and this would help protect margins of CGD players.

  • Stock Update: Indraprastha Gas Q2FY22 result review

    10 Nov 2021 , 11:32AM Indraprastha Gas Q2FY22 result review - In-line Q2; volumes hit record high

  • Indraprastha Gas

    13 Oct 2021 , 9:57AM The company has increased CNG and domestic PNG price in NCR region by Rs2.28/kg to Rs49.76/kg and Rs2.11/scm to Rs35.11/scm respectively with effect from October 13, 2021. We highlight here that IGL has taken total CNG and D-PNG price hike of Rs6.5/kg and Rs6.8/scm respectively since July 2021 and the same would help sustain margin for IGL.

  • Indraprastha Gas

    4 Oct 2021 , 9:51AM The company has increased CNG and domestic PNG price in NCR region by Rs2.28/kg to Rs47.48/kg and Rs2.1/scm to Rs33/scm respectively with effect from October 1, 2021. We highlight here that IGL has already taken total CNG and D-PNG price hike of Rs4.2/kg and Rs4.7/scm respectively since July 2021 and it has largely passed on the 62% increase in domestic gas price to $2.9/mmbtu. Price hike would help sustain margin for IGL.

  • Indraprastha Gas

    28 Sep 2021 , 10:01AM As per media reports, IGL has signed a memorandum of understanding with South Delhi Municipal Corporation (SDMC) to build a waste to energy plant to convert solid wate to compressed biogas (CBG). We await details on the investment required for CBG plant and highlight here that diversification to develop additional business stream is a step in right direction.

  • Indraprastha Gas

    30 Aug 2021 , 9:46AM Indraprastha Gas Limited (IGL): The company has increased CNG and domestic PNG price in Delhi by Rs0.9/kg and Rs1.25/scm respectively to Rs45.2/kg and Rs30.91/scm with effect from August 29, 2021. Price hike is positive for IGL as the same would help to sustain its high gross margins. We expect MGL to also implement price hike. We have Buy rating on IGL and MGL.

  • Indraprastha Gas: Stock update

    16 Aug 2021 , 12:03PM Indraprastha Gas: Stock update - Q1 volumes miss mark, long-term growth story intact

  • Indraprastha Gas

    12 Aug 2021 , 9:38AM Indraprastha Gas Limited (IGL): The company has entered into an agreement with Kinetic Green Energy & Power Solutions, for setting up battery swapping stations initially at Delhi/NCR and thereafter at mutually agreed locations. The plan is to setup 50 battery swapping chargers for two-wheelers and three-wheelers in FY2022 with IGL focus will be to create infrastructure and Kinetic Green to provide technology. This development is directionally positive for IGL given evolving automobile mobility solution. We have Buy rating on IGL.

  • Indraprastha Gas

    8 Jul 2021 , 9:12AM Indraprastha Gas Limited (IGL): The company has increased CNG and domestic PNG price in Delhi by Rs1/kg and Rs1.3/scm respectively to Rs44.3/kg and Rs29.66/scm with effect from July 8, 2021. Also, in Noida, Greater Noida & Ghaziabad, CNG and domestic PNG price has been revised to Rs49.98/kg (from Rs49.08/kg) and Rs29.61/kg (from Rs28.36/scm). We believe that price hike is on the account of recent depreciation of Indian Rupee. Price hike would help IGL to sustain its high gross margins and we expect other CGDs (MGL and Gujarat Gas) to also implement price CNG hike soon. Positive for entire CGD space (IGL, MGL and Gujarat Gas) and we have Buy rating on all the three stocks.

  • Indraprastha Gas Limited - Stock update

    28 Jun 2021 , 9:45AM Indraprastha Gas Limited - Stock update (Q4FY21 results): Mixed Q4; recent under-performance offers investment opportunity

  • Indraprastha Gas Limited (IGL) Q4FY21 results

    25 Jun 2021 , 3:17PM Operating profit below our and consensus estimate due to lower margin; volume growth of 9.5% y-o-y beat expectation of 4.1% y-o-y growth

  • Indraprastha Gas and Petronet LNG

    25 May 2021 , 2:08PM As per media reports, BPCL may sell some stake in IGL and Petronet to shed promoter status. We highlight here that BPCL holds 22.5% stake in IGL and 12.5% stake in Petronet LNG. Stake sale by BPCL could create a near term overhang on IGL and Petronet LNG stock price in the near term.

  • IGL signs a long term gas supply agreement with DTC

    1 Apr 2021 , 12:20PM DTC is the largest CNG-powered bus service operator in the world

  • Indraprastha Gas

    1 Apr 2021 , 9:18AM The company has signed a long-term gas supply agreement with Delhi Transport Corporation (DTC) for continued supply of CNG to its fleet of buses for a period of 10 years till December 2030. We highlight here that IGL is currently supply CNG of 2.8 lakh kg/day (8.3% of total CNG sales volumes based on FY2020 volumes) to 3,762 buses of DTC. With DTC planning to add 1000 new CNG buses to its fleet would aid to volume growth for IGL and thus renewal of gas supply contract with DTC is positive development for IGL.

  • Indraprastha Gas, Petronet LNG

    31 Mar 2021 , 10:36AM As per media reports, BPCL acquirer may have to launch an open offer for public shareholders of Indraprastha Gas and Petronet LNG as the entity which takes over BPCL as part of privatization plan will get indirect control of IGL and PLNG. We highlight here that BPCL is one of the promoters of IGL (stake of 22.5%) and PLNG (stake of 12.5%). Open offer (if comes) would be positive for IGL and PLNG.

  • Indraprastha Gas

    15 Mar 2021 , 9:13AM Indraprastha Gas Limited – Recent correction offers attractive entry point

  • Indraprastha Gas

    3 Mar 2021 , 11:24AM Indraprastha Gas Limited (IGL): As per meters, IGL is likely form a JV with a technology company to set-up smart meters for gas consumers with annual capacity of 3 lakh meters annually as majority of meters are imported from China. We do not see any meaningful capex on manufacturing unit for meters and thus it be largely neutral for IGL.

  • Indraprastha Gas Ltd

    2 Mar 2021 , 10:40AM Indraprastha Gas Limited (IGL): The company has increased CNG price by Rs0.70/kg and domestic PNG price by Rs0.91/scm in Delhi and adjoining areas to pass on increase in operating cost, manpower and fixed cost due to COVID-19. Positive read through for IGL as the price hike would help sustain high margin. We have Buy rating on IGL.

  • Indraprastha Gas

    2 Mar 2021 , 10:38AM Indraprastha Gas Limited (IGL): The company has increased CNG price by Rs0.70/kg and domestic PNG price by Rs0.91/scm in Delhi and adjoining areas to pass on increase in operating cost, manpower and fixed cost due to COVID-19. Positive read through for IGL as the price hike would help sustain high margin. We have Buy rating on IGL.

  • Indraprastha Gas – Stock update (Q3FY21 results)

    11 Feb 2021 , 12:17PM Indraprastha Gas – Stock update (Q3FY21 results): Strong margin performance; multiple levers for volume growth

  • Indraprastha Gas Ltd

    5 Feb 2021 , 10:55AM The company has announced that that all the industrial units (~1,607 units) in Delhi using polluting fuels are now connected with the Industrial Piped Natural Gas (PNG). The development is already known to the market. Also, we We highlight here that there not much demand for industrial PNG in Delhi but within NCR region there is potential gas demand of 0.8mmscmd (50% of which is already captured in IGL’s industrial PNG volume which has almost doubled over FY17-FY20). The move to switch industrial units to PNG is directionally positive for IGL and is expected to improve investor sentiments but our volume growth assumption of 16% CAGR over FY2021E-FY2023E already factors in volume potential from industrial PNG opportunity in NGR region. We have Buy rating in Buy rating on IGL.

  • Indraprastha Gas – Stock update

    4 Jan 2021 , 11:09AM Indraprastha Gas – Stock update: Better times lie ahead

  • Indraprastha Gas

    23 Dec 2020 , 9:13AM As per media reports, Air Quality Panel has asked all the industrial units in Delhi to switch over to industrial PNG by January 31, 2021. We highlight here that there not much demand for industrial PNG in Delhi but within NCR region there is potential gas demand of 0.8mmscmd (50% of which is already captured in IGL’s industrial PNG volume which has almost doubled over FY17-FY20). The move is directionally positive for IGL and is expected to improve investor sentiments but our volume growth assumption of 13% CAGR over FY2021E-FY2023E already factors in volume potential from industrial PNG opportunity in NGR region. We have Buy rating in Buy rating on IGL.

  • Indraprastha Gas (IGL):

    1 Dec 2020 , 10:13AM As per media reports, IGL is expected to increase price of CNG and PNG as implementation of unified tariff structure for pipelines is expected to increase gas cost by 5-6%. We expect other CGD players (MGL and Gujarat Gas) to also implement price hikes which would help them to maintain their gross and EBITDA margin. We have Buy rating on MGL, IGL and Gujarat Gas.

  • Indraprastha Gas

    5 Oct 2020 , 11:13AM Post the recent cut in domestic gas prices, IGL has reduced CNG price by Rs1.53/kg to Rs42.70 per kg in Delhi domestic PNG price by Rs1.05/scm to Rs 27.50 per scm. The lower than expected pass through of gas price cut and improved competitiveness of CNG versus petrol and bodes well for margin and volume growth of IGL. We have Positive view on IGL.

  • Indraprastha Gas

    30 Sep 2020 , 11:20AM ICRA has reaffirmed credit rating of IGL at [ICRA] AAA and [ICRA] A1+ with stable outlook on long term ratings.

  • Indraprastha Gas

    11 Sep 2020 , 11:07AM As per media reports, CNG sales in Delhi has recovered back to 85% of pre-COVID-19 level and even touched 92-95% on some working days given the relaxation of lockdown norms by the national and state government. We highlight here that CNG accounted for 74% of IGL’s total sales volume of 6.5mmscmd in FY2020 and has highest margins and thus recovery would help earnings revival in H2FY2021. We have Positive view on IGL.

  • Indraprastha Gas

    28 Aug 2020 , 10:21AM Indraprastha Gas – Viewpoint (Q1FY2021 results): Q1 misses mark; slide in stock offers attractive entry point

  • IGL Q1FY21 results

    27 Aug 2020 , 10:20AM IGL Q1FY21 results – PAT at Rs32 crore (down 85.4% y-o-y) substantially missed ours and street estimates, volume de-growth of 57% y-o-y and margin contraction by 46% was much higher-than-expected

  • Indraprastha Gas

    30 Jul 2020 , 2:09PM As per media reports, Delhi government has decided to cut VAT on diesel from 30% to 16.75%, which would reduce diesel price in Delhi to ~Rs73.6/litre from Rs82/litre currently. We do not see any material impact on CNG demand for IGL from lower diesel prices as most of conversion is from petrol to CNG for personal vehicles and majority of cab aggregators use CNG fitted vehicles.

  • Indraprastha Gas Ltd

    10 Jul 2020 , 11:08AM As per media reports, IGL had revised the price of CNG by Rs1/kg in Kanpur to Rs61.5/kg (from Rs60.5/kg), in Karnal & Kaithal to Rs51.85/kg (from Rs50.85/kg) and Muzzafarnagar to Rs58.25/kg with effect from July 10, 2020. The company has maintained CNG price at Rs55/kg in Gurugram and Rewari.

  • Indraprastha Gas

    19 Jun 2020 , 12:02PM Indraprastha Gas – (Viewpoint): Mixed results; long term volume outlook intact

  • Indraprastha Gas Ltd

    18 Jun 2020 , 9:49AM IGL Q4FY20 results – Mixed results; in-line operating profit as beat in EBITDA margin (up 13.1% y-o-y) gets offset by miss in gas sales volume (down 6.9% q-o-q)

  • Indraprastha Gas

    2 Jun 2020 , 9:15AM The company has increased CNG price in the national capital and adjoining cities by Rs1/kg to Rs43/kg with effect from June 02, 2020 to make up for the additional cost incurred to keep stations coronavirus ready. The price hike is positive for IGL as it would help sustain EBITDA margins and also negate impact of lower CNG volume to some extent. We have Positive view on IGL.

  • Indraprastha Gas Ltd

    19 May 2020 , 9:49AM Delhi government under its lockdown 4.0 guidelines has allowed auto-rickshaws, cabs and buses to ply passengers in Delhi. The development is positive for IGL as it would help to gradually normalize the CNG sales volume of the company (which was hit severely due to travel restriction because of COVID-19 led lockdowns) and the company would re-start its CNG stations (nearly two-third of its 155 self operated CNG stations were shutdown during previous lockdowns).

  • Indraprastha Gas

    3 Apr 2020 , 10:00AM The company has cut CNG price by Rs3.2/kg to Rs42/kg and domestic PNG prices by Rs1.55/scm to Rs28.55/scm in Delhi with effect from April 01, 2020 after taking into account the impact of cut in domestic gas prices. With this CNG price cut the economics of running cost of CNG fitted cars as against petrol cars has further improved to 55% in Delhi. We expect other CGD players like Mahanagar Gas to also cut CNG and domestic PNG price in Mumbai. The lower gas cost and improved competitiveness of CNG vs petrol bodes well for margin expansion of IGL and MGL. We have Positive view on IGL and MGL.

  • Indraprastha Gas

    3 Mar 2020 , 10:52AM As per media reports, IGL is planning to set up a unit to manufacture gas meters (which are currently imported from China) used to bill households and industrial customers for the consumption of the natural gas. IGL is likely to invest ~Rs100 crore for setting up a unit in the national capital region to manufacture 1 million meters annually – neutral read through for IGL.

  • Indraprastha Gas (IGL)

    14 Oct 2019 , 10:37AM Has received letter of acceptance from Petroleum and Natural Gas Regulatory Board for Central Government’s authorization to the company for Ghaziabad GCD network. This letter has granted infrastructure exclusivity for laying building or expansion of the CGD Network till 2032 – Positive read through for Indraprastha Gas Limited.

  • Indraprastha Gas

    3 Oct 2019 , 12:16PM Indraprastha Gas Ltd (IGL): Has lowered CNG price by Rs1.90 per kg in Delhi and Rs 2.15 per kg in Noida, Greater Noida and Ghaziabad to pass on the benefit of recent cut in the domestic gas prices - neutral read through for IGL but improved competitive of CNG vs. petrol could lift volume growth.

  • Indraprastha Gas Limited (IGL) hikes CNG prices

    3 Sep 2019 , 11:20AM Indraprastha Gas Limited (IGL) hikes CNG prices

  • IGL and MGL has increased CNG prices

    4 Apr 2019 , 9:26AM Indraprastha Gas (IGL) and Mahanagar Gas (MGL): IGL and MGL has increased CNG prices by Rs1/kg and Rs1.51/kg respectively while domestic PNG Price has been hiked by Rs0.7/scm and Rs1.88/scm respectively with effect from 04 April, 2019. The revised CNG price stands at Rs45.7/kg in Delhi and Rs51.57/kg in and around Mumbai while domestic PNG has been revised to Rs30.5/scm in Delhi and Rs31.53/scm in and around Mumbai. We have already highlighted earlier that price hikes would help CGD companies (IGL and MGL) to maintain their EBITDA margins - positive read through for IGL and MGL.

  • IGL expect to increase CNG prices

    3 Apr 2019 , 9:43AM Indraprastha Gas Limited (IGL): is expected to increase CNG prices by about Rs 1.25 per kg and domestic PNG price by ~ Rs 0.70-0.80 per standard cubic meters (SCM) in Delhi following a 10% rise in domestic natural gas price as per media reports. The price hike would help IGL to sustain its EBITDA margins. We also expect other CGD players like Mahanagar Gas (MGL) and Gujarat Gas to implement CNG and domestic PNG price hikes in coming days - positive read through for IGL, MGL and Gujarat Gas.

  • IGL has marginally increase CNG price

    19 Nov 2018 , 10:42AM Indraprastha Gas Ltd (IGL): Has marginally increased CNG price by Rs0.4/kg in Delhi and Rewari to Rs 44.7/kg and Rs54.45/kg respectively (with effect from 17-November-2018) to offset higher input cost – positive read through for IGL as the move will help it to sustain gross margin.

  • IGL increases CNG price in Delhi

    1 Oct 2018 , 12:43PM Indraprastha Gas Limited (IGL) has increased CNG price in Delhi by Rs1.7/kg to Rs44.3/kg and PNG price by Rs1.3/scm to Rs29.55/scm to factor in recent hike in domestic gas price by 10% to $3.36/mmbtu for H2FY19 and depreciation of Indian Rupee against US Dollar - positive read through for IGL as the price hike would help it to mantain it's gross margins; also sentimentally positive for Mahanagar Gas due to expectations of price hike by it.

  • IGL reports operationally in-line quarter with strong volume growth

    24 May 2018 , 10:42AM Operationally in-line quarter with strong volume growth of 11.3% y-o-y; adjusted PAT missed estimates due to lower than expected other income and higher than expected ETR

  • Indraprastha Gas, IGL, CNG, PNG

    2 Apr 2018 , 10:59AM IGL raises the price of compressed natural gas (CNG) by 90 paise per kg and of domestic piped gas by Rs 1.15 per scm in Delhi

  • Regulatory tailwinds to support growth momentum for Indraprastha Gas

    28 Mar 2018 , 10:50AM We are positive on growth outlook for IGL and expect 18-20% return from current levels.

  • Indraprastha Gas Limited received PNGRB grant

    26 Dec 2017 , 9:23AM Positive read through for IGL as Indraprastha Gas Limited (IGL) received PNGRB grant to develop CGD network in Karnal district (Haryana state).

  • Oil & gas companies to increase supply of alternative fuels

    22 Nov 2017 , 9:01AM Positive read through for IGL as Oil minister asks oil & gas companies to increase supply of gas and alternative fuels to states impacted by ban of petcoke and fuel oil.

  • IGL plans capex of Rs600 Cr in FY2018

    3 Oct 2017 , 8:52AM IGL will invest Rs600 crore in FY2018 to expand CNG and PNG business; positive read through

  • IGL surges on gas network nod in Gurugram

    17 Jul 2017 , 10:35AM IGL rises by 4% to Rs1164.7, after receiving approval to lay gas distribution network in Gurugram
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Key fundamentals

Evaluate the intrinsic value of Indraprastha Gas Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 8551.74 7086.56 6936.15 5871.85 5062.36
Liabilities 8551.74 7086.56 6936.15 5871.85 5062.36
Equity 140 140 140 140 140
Gross Profit 2366.85 2039.78 1881.11 1482.99 1519.64
Net Profit 1748.08 1445.02 1314.95 1005.65 1136.54
Cash From Operating Activities 1535.66 2230.59 1897.9 1545.97 1360.75
NPM(%) 12.48 10.21 17.05 20.35 17.52
Revenue 14000.02 14145.85 7709.96 4940.8 6485.27
Expenses 11633.17 12106.07 5828.85 3457.81 4965.63
ROE(%) 16.54 13.67 12.44 9.51 10.75

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
12 Nov 2024 5.5 275 5.05 404.7
13 Sep 2024 5 250 5.05 436.55
15 Nov 2023 4 200 5.05 381.15
31 Mar 2023 10 500 5.05 426.9
07 Feb 2023 3 150 5.05 413.15
15 Sep 2022 5.5 275 5.05 389.25
16 Sep 2021 3.6 180 5.05 512.55
17 Sep 2020 2.8 140 5.05 474.15
23 Mar 2020 0 0 5.05 435.25
12 Sep 2019 2.4 120 5.05 314.05
14 Sep 2018 2 100 5.05 262.7
18 Sep 2017 5 50 5.05 1116.75
29 Nov 2016 3.5 35 5.05 838.95
16 Sep 2016 6 60 5.05 574.35
09 Sep 2015 6 60 5.05 400.15
02 Sep 2014 5.5 55 5.05 313.35
20 Aug 2013 5.5 55 5.05 280.95
24 Jul 2012 5 50 5.05 246.3
19 Jul 2011 5 50 5.05 342.4
17 Aug 2010 4.5 45 5.05 228.85
20 Jul 2009 4 40 5.05 136.95
14 Jul 2008 4 40 5.05 123.65
04 Sep 2007 3 30 5.05 119
04 Sep 2006 2.5 25 5.05 130.35
02 Sep 2005 2 20 5.05 103.4
14 Sep 2004 1.5 15 5.05 84.4

Peers

Other companies within the same industry or sector that are comparable to Indraprastha Gas Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
Mahanagar Gas Ltd 1279.60 -3.38 12.09 1760.26 1292.16 2.34
Alphageo (India) Ltd 252.07 -2.02 98.08 113.66 5.95 3.17
Dolphin Offshore Enterprises (India) Ltd 382.50 2.00 40.82 712.89 139.30 0.00
GAIL (India) Ltd 186.74 -3.36 9.88 117168.28 150.56 2.95

Company Info

Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited). The project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors. With the backing of strong promoters - GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL) - IGL plans to provide natural gas in the entire capital region. The two main business objectives of the company are - To provide safe, convenient and reliable natural gas supply to it's customers in the domestic and commercial sectors. To provide a cleaner, environment-friendly alternative as auto fuel to Delhi's residents. This will considerably bring down the alarmingly high levels of pollution. The transport sector uses natural gas as Compressed Natural Gas (CNG), the domestic and commercial sectors use it as Piped Natural Gas (PNG) and R-LNG is being supplied to industrial establishments. 2004 -Indraprastha Gas unveils first online CNG station in Delhi 2006 - Indraprastha Gas Limited has informed that Board in its meeting held on October 30, 2006 approved the appointment of Mr. Om Narayan as Managing Director w.e.f. September 28, 2006. Mr. A. K. De has ceased to be the Managing Director w.e.f. September 28, 2006. 2007 -IGL commences CNG Project activities in Greater Noida -IGL gets up government clearance for city gas distribution in noida -Registered Office of the Company has been shifted From 14th & 15th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001 To IGL Bhawan, Plot No.4, Community Centre, Sector-9, R. K. Puram, New Delhi - 110022. 2008 -IGL to set up PNG central control room in Kaka Nagar 2009 - Indraprastha Gas Ltd has appointed Sh. S Radhakrishnan as Chairman of the Board of Directors of the Company w.e.f. January 14, 2009. - Indraprastha Gas Ltd has appointed Prof. V. Ranganathan as an Additional Director on the Board of the Company w.e.f. November 01, 2009. -Noida's First Mother CNG Station Inaugurated -IGL starts Piped Natural Gas supply in Noida 2010 -Indraprastha Gas has recommended 45% dividend i.e. Rs. 4.50/- per share. 2011 -Indraprastha Gas has appointed Sh. S. Venkatraman as its new Additional Director and Chairman of the Company. -The company has recommended 50% dividend i.e. Rs. 5/- per share 2012 -IGL launches new CNG concept in Delhi -The company has recommended 50% dividend i.e. Rs. 5/- per share 2013 -IGL acquires 50% stake in Central UP Gas for Rs 70 cr: -Indraprastha Gas acquired Asian Development Bank. 2016 - Indraprastha Gas Ltd - Authorised KMPs to determine materiality of events/information 2019 - Indraprastha Gas Ltd gets city gas licence for Hapur 2022 - Indraprastha Gas received safety innovation award by institute of engineers 2022. 2024 -The Company Issued bonus share at the ratio of 1:1.

Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited). The project was started to lay the network for the distribution of natural gas in the National Capital Territory of Delhi to consumers in the domestic, transport, and commercial sectors. With the backing of strong promoters - GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL) - IGL plans to provide natural gas in the entire capital region. The two main business objectives of the company are - To provide safe, convenient and reliable natural gas supply to it's customers in the domestic and commercial sectors. To provide a cleaner, environment-friendly alternative as auto fuel to Delhi's residents. This will considerably bring down the alarmingly high levels of pollution. The transport sector uses natural gas as Compressed Natural Gas (CNG), the domestic and commercial sectors use it as Piped Natural Gas (PNG) and R-LNG is being supplied to industrial establishments. 2004 -Indraprastha Gas unveils first online CNG station in Delhi 2006 - Indraprastha Gas Limited has informed that Board in its meeting held on October 30, 2006 approved the appointment of Mr. Om Narayan as Managing Director w.e.f. September 28, 2006. Mr. A. K. De has ceased to be the Managing Director w.e.f. September 28, 2006. 2007 -IGL commences CNG Project activities in Greater Noida -IGL gets up government clearance for city gas distribution in noida -Registered Office of the Company has been shifted From 14th & 15th Floor, Dr. Gopal Das Bhawan, 28, Barakhamba Road, New Delhi - 110001 To IGL Bhawan, Plot No.4, Community Centre, Sector-9, R. K. Puram, New Delhi - 110022. 2008 -IGL to set up PNG central control room in Kaka Nagar 2009 - Indraprastha Gas Ltd has appointed Sh. S Radhakrishnan as Chairman of the Board of Directors of the Company w.e.f. January 14, 2009. - Indraprastha Gas Ltd has appointed Prof. V. Ranganathan as an Additional Director on the Board of the Company w.e.f. November 01, 2009. -Noida's First Mother CNG Station Inaugurated -IGL starts Piped Natural Gas supply in Noida 2010 -Indraprastha Gas has recommended 45% dividend i.e. Rs. 4.50/- per share. 2011 -Indraprastha Gas has appointed Sh. S. Venkatraman as its new Additional Director and Chairman of the Company. -The company has recommended 50% dividend i.e. Rs. 5/- per share 2012 -IGL launches new CNG concept in Delhi -The company has recommended 50% dividend i.e. Rs. 5/- per share 2013 -IGL acquires 50% stake in Central UP Gas for Rs 70 cr: -Indraprastha Gas acquired Asian Development Bank. 2016 - Indraprastha Gas Ltd - Authorised KMPs to determine materiality of events/information 2019 - Indraprastha Gas Ltd gets city gas licence for Hapur 2022 - Indraprastha Gas received safety innovation award by institute of engineers 2022. 2024 -The Company Issued bonus share at the ratio of 1:1.

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Parent Organisation

Indraprastha Gas Ltd.

Founded

23/12/1998

Managing Director

Mr.Kamal Kishore Chatiwal

NSE Symbol

IGLEQ

FAQ

The current price of Indraprastha Gas Ltd is ₹ 178.20.

The 52-week high for Indraprastha Gas Ltd is ₹ 187.29 and the 52-week low is ₹ 177.50.

The market capitalization of Indraprastha Gas Ltd is currently ₹ 24948.03. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Indraprastha Gas Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Indraprastha Gas Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Indraprastha Gas Ltd shares.

The CEO of Indraprastha Gas Ltd is Mr.Kamal Kishore Chatiwal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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