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Last Updated: April 2, 2026, 3:06 am
Author: Getaka|Social: XLinkedIn

Indraprastha Gas Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹130.24Overvalued by 12.00%vs CMP ₹148.00

P/E (14.4) × ROE (15.7%) × BV (₹70.00) × DY (2.87%)

₹124.75Overvalued by 15.71%vs CMP ₹148.00
MoS: -18.6% (Negative)Confidence: 58/100 (Moderate)Models: 1 Under, 1 Fair, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹132.5422%Over (-10.4%)
Graham NumberEarnings₹127.0616%Over (-14.1%)
Earnings PowerEarnings₹89.3813%Over (-39.6%)
DCFCash Flow₹120.8413%Over (-18.4%)
Net Asset ValueAssets₹69.937%Over (-52.8%)
EV/EBITDAEnterprise₹210.949%Under (+42.5%)
Earnings YieldEarnings₹102.507%Over (-30.7%)
ROCE CapitalReturns₹114.489%Over (-22.6%)
Revenue MultipleRevenue₹159.765%Fair (+7.9%)
Consensus (9 models)₹124.75100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 1.8%

*Investments are subject to market risks

Investment Snapshot

65
Indraprastha Gas Ltd scores 65/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health83/100 · Strong
ROCE 20.8% ExcellentROE 15.7% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 2.33% (6mo) AccumulatingDII holding down 2.01% MF sellingPromoter holding at 45.0% Stable
Earnings Quality50/100 · Moderate
OPM contracting (20% → 15%) DecliningWorking capital: -80 days (improving) Efficient
Quarterly Momentum50/100 · Moderate
Revenue (4Q): +9% YoY GrowingProfit (4Q): -4% YoY Declining
Industry Rank75/100 · Strong
P/E 14.4 vs industry 28.3 Cheaper than peersROCE 20.8% vs industry 19.4% Average3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:06 am

Market Cap 20,744 Cr.
Current Price 148
Intrinsic Value₹124.75
High / Low 229/143
Stock P/E14.4
Book Value 70.0
Dividend Yield2.87 %
ROCE20.8 %
ROE15.7 %
Face Value 2.00
PEG Ratio8.14

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Indraprastha Gas Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Indraprastha Gas Ltd 20,744 Cr. 148 229/14314.4 70.02.87 %20.8 %15.7 % 2.00
Mahanagar Gas Ltd 9,321 Cr. 944 1,587/9009.64 6293.18 %22.9 %17.7 % 10.0
Petronet LNG Ltd 38,682 Cr. 258 326/23510.8 1373.88 %26.2 %21.4 % 10.0
Confidence Petroleum India Ltd 1,463 Cr. 44.0 63.7/27.017.3 41.40.23 %9.33 %7.24 % 1.00
Adani Total Gas Ltd 57,306 Cr. 521 798/45489.3 41.00.05 %17.5 %16.8 % 1.00
Industry Average25,503.20 Cr383.0028.29183.682.04%19.35%15.77%4.80

All Competitor Stocks of Indraprastha Gas Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 3,7113,6823,4073,4593,5563,5973,5173,6973,7593,9473,9144,0234,067
Expenses 3,2823,2212,7652,8022,9923,0742,9393,1613,3953,4533,4023,5803,595
Operating Profit 428461642657564523578536364494512443473
OPM % 12%13%19%19%16%15%16%14%10%13%13%11%12%
Other Income 56714613455109771491299490163130
Interest 3322232223222
Depreciation 929499102102111114118122120124128131
Profit before tax 389435587686516519538565369466476475469
Tax % 28%24%25%22%24%26%25%24%22%25%25%22%24%
Net Profit 278330438535392383401431286349356373359
EPS in Rs 1.992.363.133.822.802.732.873.082.042.492.542.662.56

Last Updated: March 4, 2026, 9:02 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 1:16 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 3,9143,6813,6863,8154,5355,7656,4854,9417,71014,13314,00014,92815,952
Expenses 3,1312,8872,9102,8513,4104,5064,9493,4465,81612,08911,60912,93314,031
Operating Profit 7837947759641,1251,2591,5361,4951,8942,0442,3911,9951,921
OPM % 20%22%21%25%25%22%24%30%25%14%17%13%12%
Other Income 2134296590144152149213274357442477
Interest 4530101222022252728259
Depreciation 220149156167181201252290317363414474503
Profit before tax 5406496388611,0321,2001,4161,3311,7661,9282,3071,9371,886
Tax % 33%33%34%34%35%34%20%24%26%25%24%24%
Net Profit 3604384195716717871,1371,0061,3151,4451,7481,4681,436
EPS in Rs 2.573.132.994.084.795.628.127.189.3910.3212.4910.4810.25
Dividend Payout % 21%19%20%21%21%21%17%25%29%63%36%67%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)21.67%-4.34%36.28%17.51%17.29%44.47%-11.52%30.72%9.89%20.97%-16.02%
Change in YoY Net Profit Growth (%)0.00%-26.00%40.61%-18.76%-0.23%27.19%-55.99%42.24%-20.83%11.08%-36.99%

Indraprastha Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:18%
3 Years:25%
TTM:8%
Compounded Profit Growth
10 Years:12%
5 Years:5%
3 Years:3%
TTM:-17%
Stock Price CAGR
10 Years:17%
5 Years:2%
3 Years:2%
1 Year:-22%
Return on Equity
10 Years:19%
5 Years:19%
3 Years:19%
Last Year:16%

Last Updated: September 5, 2025, 7:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:26 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 140140140140140140140140140140140280280
Reserves 1,6231,9582,3762,7873,3733,9904,9225,7326,7966,9478,4129,0049,522
Borrowings 35214500009611310883816962
Other Liabilities 7398338681,1641,4191,8232,0172,6063,4134,6144,4924,8445,399
Total Liabilities 2,8553,0763,3844,0914,9325,9537,1768,59110,45711,78313,12514,19715,263
Fixed Assets 1,8951,9562,0192,1172,4322,8773,5574,3215,0025,7346,5997,1717,493
CWIP 2622542673523864787778471,3791,4341,3961,4861,636
Investments 1172912596771,1481,5442581,8261,9766771,1581,6222,066
Other Assets 5805758399459661,0542,5841,5982,1013,9393,9723,9194,068
Total Assets 2,8553,0763,3844,0914,9325,9537,1768,59110,45711,78313,12514,19715,263

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 6486646539468791,1571,3611,5461,8982,2311,5362,205
Cash from Investing Activity + -300-364-175-1,114-717-1,121-521-1,826-1,585-841-1,095-1,507
Cash from Financing Activity + -241-327-256-160-84-169-243-297-328-1,359-334-775
Net Cash Flow 106-27223-32878-133597-577-1531107-77
Free Cash Flow 3994494226754094763986635611,1093341,084
CFO/OP 104%106%108%126%108%121%111%123%120%133%85%130%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow431.00649.00775.00964.001.001.00-95.00-112.00-107.00-81.00-79.00-68.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 202325191814101925232717
Inventory Days 67101086584222
Days Payable 263026485035226965323731
Cash Conversion Cycle 019-19-23-15-7-41-37-6-8-12
Working Capital Days -35-36-32-62-67-75-83-144-115-79-72-80
ROCE %29%31%27%32%31%29%29%24%26%27%29%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%
FIIs 21.27%21.94%20.94%17.91%16.81%16.16%19.29%14.32%14.67%16.82%17.21%17.00%
DIIs 20.28%20.17%21.06%22.74%24.22%25.10%23.18%26.12%26.18%23.99%24.08%24.17%
Government 5.18%5.18%5.18%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%
Public 8.27%7.72%7.83%9.36%8.96%8.74%7.53%9.55%9.15%9.19%8.71%8.83%
No. of Shareholders 3,05,9612,72,0652,70,6873,16,3402,96,5692,90,3782,60,8673,44,9093,52,1613,59,6663,44,5393,45,205

Shareholding Pattern Chart

No. of Shareholders

Indraprastha Gas Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid Cap Fund 51,141,859 0.99 909.7651,006,8082025-12-15 02:34:180.26%
Kotak Flexicap Fund 12,144,961 0.38 216.0517,000,0002026-02-23 02:12:39-28.56%
SBI Energy Opportunities Fund 11,183,665 2.31 198.95N/AN/AN/A
HDFC Large and Mid Cap Fund 8,528,672 0.54 151.72N/AN/AN/A
Nippon India Growth Mid Cap Fund 6,904,530 0.29 122.82N/AN/AN/A
HDFC Balanced Advantage Fund 6,502,880 0.11 115.68N/AN/AN/A
SBI PSU Fund 5,000,000 1.49 88.95N/AN/AN/A
DSP Large & Mid Cap Fund 4,673,240 0.48 83.13N/AN/AN/A
HDFC Manufacturing Fund 4,300,000 0.74 76.49N/AN/AN/A
Tata Mid Cap Fund 3,590,000 1.19 63.86N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.002.00
Basic EPS (Rs.) 12.2728.3623.4221.4616.75
Diluted EPS (Rs.) 12.2728.3623.4221.4616.75
Cash EPS (Rs.) 13.0529.3824.9922.7719.10
Book Value[Excl.RevalReserv]/Share (Rs.) 75.83137.62113.30108.3790.49
Book Value[Incl.RevalReserv]/Share (Rs.) 75.83137.62113.30108.3790.49
Revenue From Operations / Share (Rs.) 106.63200.00202.08110.1470.58
PBDIT / Share (Rs.) 16.4837.4932.0429.4022.83
PBIT / Share (Rs.) 13.0831.5826.8524.8718.68
PBT / Share (Rs.) 13.0131.4526.7024.6818.52
Net Profit / Share (Rs.) 9.6523.4619.8018.2414.95
NP After MI And SOA / Share (Rs.) 12.2728.3623.4221.4616.75
PBDIT Margin (%) 15.4518.7415.8526.6832.33
PBIT Margin (%) 12.2615.7913.2822.5726.46
PBT Margin (%) 12.2015.7213.2122.4026.23
Net Profit Margin (%) 9.0511.739.7916.5521.18
NP After MI And SOA Margin (%) 11.5014.1711.5919.4823.73
Return on Networth / Equity (%) 16.1820.6020.6719.8018.51
Return on Capital Employeed (%) 16.2521.8022.4021.8119.52
Return On Assets (%) 11.0213.9512.9913.5312.95
Asset Turnover Ratio (%) 1.001.041.240.790.61
Current Ratio (X) 1.081.070.991.211.32
Quick Ratio (X) 1.061.060.981.191.30
Inventory Turnover Ratio (X) 295.63276.130.000.000.00
Dividend Payout Ratio (NP) (%) 42.7814.1078.9816.7716.71
Dividend Payout Ratio (CP) (%) 33.5011.6764.6513.8513.39
Earning Retention Ratio (%) 57.2285.9021.0283.2383.29
Cash Earning Retention Ratio (%) 66.5088.3335.3586.1586.61
Interest Coverage Ratio (X) 224.02286.22211.77155.77140.90
Interest Coverage Ratio (Post Tax) (X) 132.23180.10131.8897.6493.31
Enterprise Value (Cr.) 26146.7928027.4527361.7724730.8634623.71
EV / Net Operating Revenue (X) 1.752.001.933.217.01
EV / EBITDA (X) 11.3310.6812.2012.0221.67
MarketCap / Net Operating Revenue (X) 1.902.152.123.387.24
Retention Ratios (%) 57.2185.8921.0183.2283.28
Price / BV (X) 2.673.133.783.445.64
Price / Net Operating Revenue (X) 1.902.152.123.387.24
EarningsYield 0.060.060.050.050.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Indraprastha Gas Ltd. is a Public Limited Listed company incorporated on 23/12/1998 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L23201DL1998PLC097614 and registration number is 097614. Currently Company is involved in the business activities of Manufacture of gas; distribution of gaseous fuels through mains. Company's Total Operating Revenue is Rs. 14927.52 Cr. and Equity Capital is Rs. 280.00 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
LPG/CNG/PNG/LNG Bottling/DistributionIGL Bhawan, Plot No. 4, New Delhi Delhi 110022Contact not found
Management
NamePosition Held
Mr. Raj Kumar DubeyChairman
Mr. Kamal Kishore ChatiwalManaging Director
Mr. Sanjay KumarDirector & CFO
Mr. Mohit BhatiaDirector - Commercial
Ms. Niharika RaiDirector
Dr. Shyam AgrawalDirector
Dr. Simrit KaurDirector
Mrs. Namita PradhanDirector
Prof. Rajni AbbiDirector
Dr. Manish Sitaram DabhadeDirector

FAQ

What is the intrinsic value of Indraprastha Gas Ltd and is it undervalued?

As of 15 April 2026, Indraprastha Gas Ltd's intrinsic value is ₹124.75, which is 15.71% lower than the current market price of ₹148.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (15.7 %), book value (₹70.0), dividend yield (2.87 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Indraprastha Gas Ltd?

Indraprastha Gas Ltd is trading at ₹148.00 as of 15 April 2026, with a FY2026-2027 high of ₹229 and low of ₹143. The stock is currently near its 52-week low. Market cap stands at ₹20,744 Cr..

How does Indraprastha Gas Ltd's P/E ratio compare to its industry?

Indraprastha Gas Ltd has a P/E ratio of 14.4, which is below the industry average of 28.29. This is broadly in line with or below the industry average.

Is Indraprastha Gas Ltd financially healthy?

Key indicators for Indraprastha Gas Ltd: ROCE of 20.8 % indicates efficient capital utilization; ROE of 15.7 % shows strong shareholder returns. Dividend yield is 2.87 %.

Is Indraprastha Gas Ltd profitable and how is the profit trend?

Indraprastha Gas Ltd reported a net profit of ₹1,468 Cr in Mar 2025 on revenue of ₹14,928 Cr. Compared to ₹1,315 Cr in Mar 2022, the net profit shows an improving trend.

Does Indraprastha Gas Ltd pay dividends?

Indraprastha Gas Ltd has a dividend yield of 2.87 % at the current price of ₹148.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Indraprastha Gas Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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