Is Indraprastha Gas a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indraprastha Gas Ltd is a good quality company .

Is Indraprastha Gas undervalued or overvalued?

The key valuation ratios of Indraprastha Gas Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Indraprastha Gas share price return in the past 10 years?

Indraprastha Gas Ltd share price has appreciated 14.1% annually (CAGR) over the past ten years.

Is Indraprastha Gas a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indraprastha Gas Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Indraprastha Gas Ltd - Stock Valuation and Financial Performance

Name: Indraprastha Gas
Brand: Indraprastha Gas

BSE: 532514 | NSE: IGL | Gas Transmission/Marketing | Mid Cap

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Indraprastha Gas Share Price

₹325.05 -80.90 -19.93%
as on 18-Nov'24 16:59

10 Year X-Ray of Indraprastha Gas:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	31.4%	27.4%	31.9%	32.3%	31.7%	31.2%	24.8%	28%	27.9%	29.9%	-
Value Creation Index ⓘ	1.2	1.0	1.4	1.9	1.8	1.8	1.2	1.5	1.5	1.7	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	3,681	3,686	3,815	4,535	5,765	6,485	4,941	7,710	14,133	14,000	15,870
Sales YoY Gr.	-	0.1%	3.5%	18.9%	27.1%	12.5%	-23.8%	56.1%	83.3%	-0.9%	-
Adj EPS ⓘ	6.3	6	8.2	9.7	11.3	16.3	14.4	18.8	20.7	25	23
YoY Gr.	-	-4.3%	36.2%	18.6%	16.3%	44.6%	-11.7%	30.8%	9.9%	21.2%	-
BVPS (₹) ⓘ	30	36	41.8	50.2	59	72.3	83.9	99.1	101.2	122.2	134
Adj Net Profit ⓘ	438	420	571	677	788	1,140	1,006	1,316	1,446	1,752	1,607
Cash Flow from Ops. ⓘ	664	653	946	879	1,157	1,361	1,546	1,898	2,231	1,536	-
Debt/CF from Ops. ⓘ	0.2	0	0	0	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	16%	19.4%	41.5%	-0.9%
Adj EPS ⓘ	16.7%	17.3%	20.3%	21.2%
BVPSⓘ	16.9%	15.7%	13.4%	20.7%
Share Price	14.1%	-4.9%	-12.8%	-16.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	22.7	18.2	21	21	20.6	24.8	18.4	20.6	20.6	22.4	17.9
Op. Profit Mgn % ⓘ	21.7	21.2	25.4	25	22	23.7	30.3	24.6	14.5	17.1	13.9
Net Profit Mgn % ⓘ	11.9	11.4	15	14.9	13.7	17.6	20.4	17.1	10.2	12.5	10.1
Debt to Equity ⓘ	0.1	0	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	65	48	31	27	24	21	29	26	30	43	51
Cash Conv. Cycle ⓘ	1	5	-4	-14	-12	-8	-16	-19	-8	-6	4

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 41.51%

Net Profit is growing at healthy rate in last 3 years 20.32%

Return on Equity has declined versus last 3 years average to 17.90%

Sales growth is not so good in last 4 quarters at 1.04%

Latest Financials - Indraprastha Gas Ltd.

	Standalone	Consolidated
TTM EPS (₹)	23	26.4
TTM Sales (₹ Cr.)	15,870	15,870
BVPS (₹.) ⓘ	134	151
Reserves (₹ Cr.) ⓘ	9,243	10,428
P/BV ⓘ	3.03	2.69
PE ⓘ	17.68	15.39

From the Market
52 Week Low / High (₹)	382.80 / 570.60
All Time Low / High (₹)	11.13 / 604.00
Market Cap (₹ Cr.)	28,417
Equity (₹ Cr.)	140
Face Value (₹)	2
Industry PE ⓘ	29.1

Management X-Ray of Indraprastha Gas:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Indraprastha Gas

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Indraprastha Gas

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	3,681	3,686	3,815	4,535	5,765	6,485	4,941	7,710	14,133	14,000
Operating Expenses ⓘ	2,883	2,907	2,845	3,413	4,497	4,953	3,447	5,817	12,091	11,615
Manufacturing Costs	384	433	487	582	686	789	769	903	1,104	1,144
Material Costs	2,341	2,276	2,084	2,491	3,397	3,679	2,230	4,392	10,436	9,813
Employee Cost	66	78	92	106	143	152	134	176	188	227
Other Costs ⓘ	92	120	183	234	271	334	314	346	363	431
Operating Profit ⓘ	798	779	969	1,122	1,268	1,532	1,494	1,893	2,042	2,385
Operating Profit Margin (%)	21.7%	21.1%	25.4%	24.7%	22.0%	23.6%	30.2%	24.5%	14.4%	17.0%
Other Income ⓘ	35	30	65	100	146	156	150	215	276	363
Interest ⓘ	35	14	7	9	13	20	22	25	27	28
Depreciation ⓘ	149	156	167	181	201	252	290	317	363	414
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	649	638	861	1,032	1,200	1,416	1,331	1,766	1,928	2,307
Tax ⓘ	211	219	290	362	413	279	326	451	483	559
Profit After Tax	438	419	571	671	787	1,137	1,006	1,315	1,445	1,748
PAT Margin (%)	11.9%	11.4%	15.0%	14.8%	13.6%	17.5%	20.4%	17.1%	10.2%	12.5%
Adjusted EPS (₹)	6.3	6.0	8.2	9.6	11.2	16.2	14.4	18.8	20.6	25.0
Dividend Payout Ratio (%)	19%	20%	21%	21%	21%	17%	25%	29%	63%	36%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,098	2,516	2,927	3,513	4,130	5,062	5,872	6,936	7,087	8,552
Share Capital ⓘ	140	140	140	140	140	140	140	140	140	140
Reserves ⓘ	1,958	2,376	2,787	3,373	3,990	4,922	5,732	6,796	6,947	8,412
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	145	0	0	0	0	0	0	0	0	0
Long Term Debt	145	0	0	0	0	0	0	0	0	0
Short Term Debt	0	0	0	0	0	0	0	0	0	0
Trade Payables	189	161	274	339	326	225	419	787	904	985
Others Liabilities ⓘ	986	704	886	1,077	1,493	1,885	2,297	2,729	3,788	3,584
Total Liabilities ⓘ	3,419	3,381	4,086	4,928	5,949	7,172	8,587	10,452	11,779	13,121
Fixed Assets
Gross Block	3,176	2,147	2,400	2,889	3,518	4,414	5,450	6,340	7,389	8,666
Accumulated Depreciation	1,220	128	282	457	642	857	1,129	1,338	1,655	2,067
Net Fixed Assetsⓘ	1,956	2,019	2,117	2,432	2,877	3,557	4,321	5,002	5,734	6,599
CWIP ⓘ	254	267	352	386	478	777	847	1,379	1,434	1,396
Investmentsⓘ	291	259	677	1,148	1,544	258	1,826	1,976	677	1,158
Inventories	41	58	52	52	51	51	46	46	49	52
Trade Receivables	235	251	201	226	221	170	261	521	903	1,019
Cash Equivalents	231	454	609	558	607	2,180	1,132	1,362	2,132	2,149
Others Assetsⓘ	411	73	78	126	171	179	155	168	849	748
Total Assets ⓘ	3,419	3,381	4,086	4,928	5,949	7,172	8,587	10,452	11,779	13,121

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	664	653	946	879	1,157	1,361	1,546	1,898	2,231	1,536
PBT ⓘ	649	638	861	1,032	1,200	1,416	1,331	1,766	1,928	2,307
Adjustment ⓘ	151	142	110	93	62	117	157	130	139	98
Changes in Working Capital ⓘ	41	60	245	84	264	172	347	378	647	-383
Tax Paid ⓘ	-177	-187	-269	-330	-369	-344	-289	-376	-483	-487
Cash Flow From Investing Activity ⓘ	-364	-175	-1,114	-717	-1,121	-521	-1,826	-1,585	-841	-1,095
Capex	-214	-232	-271	-470	-681	-963	-883	-1,337	-1,122	-1,202
Net Investments	-181	32	-900	-273	-486	401	-1,079	-322	825	-797
Others ⓘ	31	26	57	26	46	42	135	75	-544	905
Cash Flow From Financing Activityⓘ	-327	-256	-160	-84	-169	-243	-297	-328	-1,359	-334
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-173	-145	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-30	-10	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	-77	-84	-133	-70	-140	-168	-196	-252	-1,295	-280
Others ⓘ	-47	-17	-27	-14	-29	-75	-101	-77	-64	-54
Net Cash Flow ⓘ	-27	223	-328	78	-133	597	-577	-15	31	107

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	22.67	18.16	20.98	20.83	20.59	24.73	18.39	20.53	20.61	22.36
ROCE (%)	31.36	27.42	31.88	32.33	31.74	31.24	24.76	27.96	27.88	29.86
Asset Turnover Ratio	1.21	1.2	1.13	1.11	1.17	1.09	0.69	0.89	1.4	1.24
PAT to CFO Conversion(x)	1.52	1.56	1.66	1.31	1.47	1.2	1.54	1.44	1.54	0.88
Working Capital Days
Receivable Days	20	22	20	16	13	10	14	17	17	23
Inventory Days	4	4	5	4	3	3	3	2	1	1
Payable Days	29	28	38	45	36	27	53	50	30	35

Indraprastha Gas Ltd Stock News

Indraprastha Gas Ltd FAQs

What is the share price of Indraprastha Gas?

Company share prices are keep on changing according to the market conditions. The closing price of Indraprastha Gas on 18-Nov-2024 16:59 is ₹325.1.

What is the market cap of Indraprastha Gas?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Indraprastha Gas stood at ₹28,416.5.

What is the P/E ratio of Indraprastha Gas?

The latest P/E ratio of Indraprastha Gas as of 18-Nov-2024 16:59 is 17.68.

What is the P/B ratio of Indraprastha Gas?

The latest P/B ratio of Indraprastha Gas as of 18-Nov-2024 16:59 is 3.03.

What is the 52-week high and low of Indraprastha Gas?

The 52-week high of Indraprastha Gas is ₹570.6 and the 52-week low is ₹382.8.

What is the TTM revenue of Indraprastha Gas?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indraprastha Gas is ₹15,870 ( Cr.) .

About Indraprastha Gas Ltd

Indraprastha Gas Limited (IGL) is incorporated in 1998, the company is a Joint Venture of GAIL and BPCL. Government of National Capital Territory (NCT) of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers.

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) and Bharat Petroleum Corporation (BPCL) - IGL plans to provide natural gas in the entire capital region.

Business area of the company

The company mainly operates in two businesses, they are:

To provide safe, convenient and reliable natural gas supply to its customers in the domestic and commercial sectors.
To provide a cleaner, environment-friendly alternative as auto fuel to residents of the areas of NCT of Delhi; districts Gautam Budh Nagar, Ghaziabad, Hapur, Muzaffarnagar, Shamli, uncovered parts of Meerut & Kanpur, Fatehpur and Hamirpur in Uttar Pradesh; districts Rewari, Gurugram, Karnal and Kaithal in Haryana; and, district Ajmer, Pali & Rajsamand in Rajasthan. This will considerably bring down the alarmingly high levels of pollution.

Products

PNG - PNG is mainly methane - CH4 with a small percentage of other higher hydrocarbons. The ratio of carbon to hydrogen is least in methane and hence it burns almost completely making it the cleanest fuel. It is procured from the oil / gas wells and transported through a network of pipelines across the country.

CNG - CNG stands for compressed natural gas. It is gaseous fuel and is a mixture of hydrocarbons mainly Methane. For use in Automobiles as fuel, it is compressed to a pressure of 200-250 Kg/cm² to enhance the vehicle on-board storage capacity.CNG is a fossil fuel substitute for other auto fuels such as petrol, diesel, Auto LPG etc.

Commercial & Industrial Usage - Natural gas is a versatile fuel which is gaining immense popularity for Industrial and commercial usage. Under the commercial sector all leading hotels, restaurants, malls, commercial complexes and hospitals in the Delhi & NCR are being supplied PNG by IGL. In the industrial sector, PNG is being used to run boilers, furnaces, ovens, hot water generators, thermifluid heaters, gas turbines for power generation and Vapour Absorption Machines (VAM) for heating and cooling applications. Industries have saved on cost and storage space by using PNG and in turn pollution levels have also gone down.

Awards for CSR activities:

CSR Community Initiative Awards for IGL Swasth Saarthi and Self Defence training programmes at New Delhi.
CSR Health Impact Awards 2018 for IGL Swasth Saarthi programme at New Delhi.
Asia’s best CSR Leadership Awards for categories of Women Empowerment and Innovation in CSR practices at Singapore.
CSR Times Awards 2018 organized at New Delhi.
Social Imprints - CSR Awards & Summit 2019 for Women Empowerment organized at New Delhi.
Social and Business Enterprise Responsible Awards organized by SABERA for IGL Swasth Saarthi Programme at New Delhi.
CSR Leadership award under the category Conservation, Pollution Control and Clean Environment & Resources held at New Delhi.
Award for Gender Sensitization CSR programme at Dainik Jagran CSR awards 2019 at New Delhi.