Indraprastha Gas Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 24, 2025, 9:33 pm

Market Cap	25,999 Cr.
Current Price	185
High / Low	285/153
Stock P/E	17.3
Book Value	67.0
Dividend Yield	2.43 %
ROCE	28.8 %
ROE	21.8 %
Face Value	2.00
PEG Ratio	2.07

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Indraprastha Gas Ltd

Competitors of Indraprastha Gas Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Petronet LNG Ltd	46,935 Cr.	313	385/253	13.1	123	3.20 %	26.4 %	22.2 %	10.0
Mahanagar Gas Ltd	13,081 Cr.	1,324	1,989/1,075	12.4	560	2.27 %	36.6 %	27.8 %	10.0
Indraprastha Gas Ltd	25,999 Cr.	185	285/153	17.3	67.0	2.43 %	28.8 %	21.8 %	2.00
Confidence Petroleum India Ltd	1,852 Cr.	56.0	98.5/44.8	26.8	38.8	0.18 %	13.5 %	10.2 %	1.00
Adani Total Gas Ltd	68,683 Cr.	625	1,198/533	103	35.6	0.04 %	21.2 %	20.5 %	1.00
Industry Average	31,310.00 Cr	500.60		34.52	164.88	1.62%	25.30%	20.50%	4.80

All Competitor Stocks of Indraprastha Gas Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	2,215	2,406	3,194	3,554	3,711	3,682	3,407	3,459	3,556	3,597	3,521	3,697	3,759
Expenses	1,746	1,905	2,576	3,026	3,282	3,221	2,765	2,802	2,992	3,074	2,939	3,161	3,395
Operating Profit	470	500	618	528	428	461	642	657	564	523	582	536	364
OPM %	21%	21%	19%	15%	12%	13%	19%	19%	16%	15%	17%	14%	10%
Other Income	30	77	31	110	56	71	46	134	55	109	73	149	129
Interest	3	5	2	3	3	3	2	2	2	3	2	2	2
Depreciation	84	75	86	91	92	94	99	102	102	111	114	118	122
Profit before tax	414	498	560	543	389	435	587	686	516	519	538	565	369
Tax %	25%	27%	25%	23%	28%	24%	25%	22%	24%	26%	25%	24%	22%
Net Profit	309	362	421	416	278	330	438	535	392	383	401	431	286
EPS in Rs	2.20	2.58	3.01	2.97	1.99	2.36	3.13	3.82	2.80	2.73	2.87	3.08	2.04

Last Updated: February 28, 2025, 7:16 pm

Below is a detailed analysis of the quarterly data for Indraprastha Gas Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 3,759.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,697.00 Cr. (Sep 2024) to 3,759.00 Cr., marking an increase of 62.00 Cr..
For Expenses, as of Dec 2024, the value is 3,395.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,161.00 Cr. (Sep 2024) to 3,395.00 Cr., marking an increase of 234.00 Cr..
For Operating Profit, as of Dec 2024, the value is 364.00 Cr.. The value appears to be declining and may need further review. It has decreased from 536.00 Cr. (Sep 2024) to 364.00 Cr., marking a decrease of 172.00 Cr..
For OPM %, as of Dec 2024, the value is 10.00%. The value appears to be declining and may need further review. It has decreased from 14.00% (Sep 2024) to 10.00%, marking a decrease of 4.00%.
For Other Income, as of Dec 2024, the value is 129.00 Cr.. The value appears to be declining and may need further review. It has decreased from 149.00 Cr. (Sep 2024) to 129.00 Cr., marking a decrease of 20.00 Cr..
For Interest, as of Dec 2024, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 2.00 Cr..
For Depreciation, as of Dec 2024, the value is 122.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 118.00 Cr. (Sep 2024) to 122.00 Cr., marking an increase of 4.00 Cr..
For Profit before tax, as of Dec 2024, the value is 369.00 Cr.. The value appears to be declining and may need further review. It has decreased from 565.00 Cr. (Sep 2024) to 369.00 Cr., marking a decrease of 196.00 Cr..
For Tax %, as of Dec 2024, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 24.00% (Sep 2024) to 22.00%, marking a decrease of 2.00%.
For Net Profit, as of Dec 2024, the value is 286.00 Cr.. The value appears to be declining and may need further review. It has decreased from 431.00 Cr. (Sep 2024) to 286.00 Cr., marking a decrease of 145.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.04. The value appears to be declining and may need further review. It has decreased from 3.08 (Sep 2024) to 2.04, marking a decrease of 1.04.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:56 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,367	3,914	3,681	3,686	3,815	4,535	5,765	6,485	4,941	7,710	14,133	14,000	14,574
Expenses	2,603	3,131	2,887	2,910	2,851	3,410	4,506	4,949	3,446	5,816	12,089	11,609	12,570
Operating Profit	764	783	794	775	964	1,125	1,259	1,536	1,495	1,894	2,044	2,391	2,004
OPM %	23%	20%	22%	21%	25%	25%	22%	24%	30%	25%	14%	17%	14%
Other Income	12	21	34	29	65	90	144	152	149	213	274	357	460
Interest	61	45	30	10	1	2	2	20	22	25	27	28	9
Depreciation	187	220	149	156	167	181	201	252	290	317	363	414	465
Profit before tax	528	540	649	638	861	1,032	1,200	1,416	1,331	1,766	1,928	2,307	1,990
Tax %	33%	33%	33%	34%	34%	35%	34%	20%	24%	26%	25%	24%
Net Profit	354	360	438	419	571	671	787	1,137	1,006	1,315	1,445	1,748	1,501
EPS in Rs	2.53	2.57	3.13	2.99	4.08	4.79	5.62	8.12	7.18	9.39	10.32	12.49	10.72
Dividend Payout %	22%	21%	19%	20%	21%	21%	21%	17%	25%	29%	63%	36%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	1.69%	21.67%	-4.34%	36.28%	17.51%	17.29%	44.47%	-11.52%	30.72%	9.89%	20.97%
Change in YoY Net Profit Growth (%)	0.00%	19.97%	-26.00%	40.61%	-18.76%	-0.23%	27.19%	-55.99%	42.24%	-20.83%	11.08%

Indraprastha Gas Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	19%
3 Years:	42%
TTM:	3%

Compounded Profit Growth
10 Years:	17%
5 Years:	18%
3 Years:	20%
TTM:	-11%

Stock Price CAGR
10 Years:	16%
5 Years:	-3%
3 Years:	-1%
1 Year:	-18%

Return on Equity
10 Years:	20%
5 Years:	21%
3 Years:	21%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: March 14, 2025, 3:31 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	140	140	140	140	140	140	140	140	140	140	140	140	140
Reserves	1,353	1,623	1,958	2,376	2,787	3,373	3,990	4,922	5,732	6,796	6,947	8,412	9,243
Borrowings	458	352	145	0	0	0	0	96	113	108	83	81	74
Other Liabilities	682	739	833	868	1,164	1,419	1,823	2,017	2,606	3,413	4,614	4,492	4,819
Total Liabilities	2,634	2,855	3,076	3,384	4,091	4,932	5,953	7,176	8,591	10,457	11,783	13,125	14,276
Fixed Assets	1,847	1,895	1,956	2,019	2,117	2,432	2,877	3,557	4,321	5,002	5,734	6,599	6,805
CWIP	291	262	254	267	352	386	478	777	847	1,379	1,434	1,396	1,479
Investments	143	117	291	259	677	1,148	1,544	258	1,826	1,976	677	1,158	1,644
Other Assets	352	580	575	839	945	966	1,054	2,584	1,598	2,101	3,939	3,972	4,348
Total Assets	2,634	2,855	3,076	3,384	4,091	4,932	5,953	7,176	8,591	10,457	11,783	13,125	14,276

Below is a detailed analysis of the balance sheet data for Indraprastha Gas Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹140.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 140.00 Cr..
For Reserves, as of Sep 2024, the value is ₹9,243.00 Cr.. The value appears strong and on an upward trend. It has increased from 8,412.00 Cr. (Mar 2024) to ₹9,243.00 Cr., marking an increase of 831.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹74.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 81.00 Cr. (Mar 2024) to ₹74.00 Cr., marking a decrease of 7.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹4,819.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,492.00 Cr. (Mar 2024) to ₹4,819.00 Cr., marking an increase of 327.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹14,276.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 13,125.00 Cr. (Mar 2024) to ₹14,276.00 Cr., marking an increase of 1,151.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹6,805.00 Cr.. The value appears strong and on an upward trend. It has increased from 6,599.00 Cr. (Mar 2024) to ₹6,805.00 Cr., marking an increase of 206.00 Cr..
For CWIP, as of Sep 2024, the value is ₹1,479.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,396.00 Cr. (Mar 2024) to ₹1,479.00 Cr., marking an increase of 83.00 Cr..
For Investments, as of Sep 2024, the value is ₹1,644.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,158.00 Cr. (Mar 2024) to ₹1,644.00 Cr., marking an increase of 486.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹4,348.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,972.00 Cr. (Mar 2024) to ₹4,348.00 Cr., marking an increase of 376.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹14,276.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,125.00 Cr. (Mar 2024) to ₹14,276.00 Cr., marking an increase of 1,151.00 Cr..

Notably, the Reserves (9,243.00 Cr.) exceed the Borrowings (74.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	643	648	664	653	946	879	1,157	1,361	1,546	1,898	2,231	1,536
Cash from Investing Activity +	-362	-300	-364	-175	-1,114	-717	-1,121	-521	-1,826	-1,585	-841	-1,095
Cash from Financing Activity +	-218	-241	-327	-256	-160	-84	-169	-243	-297	-328	-1,359	-334
Net Cash Flow	63	106	-27	223	-328	78	-133	597	-577	-15	31	107

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	306.00	431.00	649.00	775.00	964.00	1.00	1.00	-95.00	-112.00	-107.00	-81.00	-79.00

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

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	19	20	23	25	19	18	14	10	19	25	23	27
Inventory Days	7	6	7	10	10	8	6	5	8	4	2	2
Days Payable	32	26	30	26	48	50	35	22	69	65	32	37
Cash Conversion Cycle	-6	0	1	9	-19	-23	-15	-7	-41	-37	-6	-8
Working Capital Days	-44	-32	-36	-32	-62	-67	-75	-82	-142	-113	-78	-71
ROCE %	32%	29%	31%	27%	32%	31%	29%	29%	24%	26%	27%	29%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Feb 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	20.34%	20.99%	21.76%	21.27%	21.94%	20.94%	17.91%	16.81%	16.16%	19.29%	14.32%	14.05%
DIIs	16.79%	20.10%	19.53%	20.28%	20.17%	21.06%	22.74%	24.22%	25.10%	23.18%	26.12%	26.30%
Government	5.00%	5.18%	5.18%	5.18%	5.18%	5.18%	5.00%	5.00%	5.00%	5.00%	5.00%	5.00%
Public	12.87%	8.74%	8.53%	8.27%	7.72%	7.83%	9.36%	8.96%	8.74%	7.53%	9.55%	9.64%
No. of Shareholders	3,69,392	3,40,915	3,22,345	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

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Kotak Flexicap Fund - Regular Plan	8,500,000	0.83	325	8,500,000	2025-04-22 14:53:35	0%
Mirae Asset Emerging Bluechip Fund	6,536,925	0.89	249.94	6,536,925	2025-04-22 17:25:31	0%
PGIM India Midcap Opportunities Fund	4,680,292	1.97	178.95	4,680,292	2025-04-22 17:25:31	0%
Mirae Asset Midcap Fund	4,115,108	1.34	157.34	4,115,108	2025-04-22 17:25:31	0%
Nippon India Growth Fund	3,452,265	0.69	132	3,452,265	2025-04-22 17:25:31	0%
Kotak Equity Arbitrage Fund - Regular Plan	3,427,875	0.45	131.06	3,427,875	2025-04-22 17:25:31	0%
Kotak Equity Opportunities Fund - Regular Plan	3,300,000	0.83	126.18	3,300,000	2025-04-22 17:25:31	0%
PGIM India Flexi Cap Fund	2,847,904	1.93	108.89	2,847,904	2025-04-22 17:25:31	0%
Kotak Balanced Advantage Fund	2,478,091	0.64	94.75	2,478,091	2025-04-22 17:25:31	0%
DSP Equity Opportunities Fund	1,796,783	0.78	68.7	1,796,783	2025-04-22 17:25:31	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	28.36	23.42	21.46	16.75	17.84
Diluted EPS (Rs.)	28.36	23.42	21.46	16.75	17.84
Cash EPS (Rs.)	29.38	24.99	22.77	19.10	19.25
Book Value[Excl.RevalReserv]/Share (Rs.)	137.85	113.30	108.37	90.49	76.54
Book Value[Incl.RevalReserv]/Share (Rs.)	137.85	113.30	108.37	90.49	76.54
Revenue From Operations / Share (Rs.)	200.00	202.08	110.14	70.58	92.65
PBDIT / Share (Rs.)	37.49	32.04	29.40	22.83	23.75
PBIT / Share (Rs.)	31.58	26.85	24.87	18.68	20.15
PBT / Share (Rs.)	31.45	26.70	24.68	18.52	20.04
Net Profit / Share (Rs.)	23.46	19.80	18.24	14.95	15.64
NP After MI And SOA / Share (Rs.)	28.36	23.42	21.46	16.75	17.84
PBDIT Margin (%)	18.74	15.85	26.68	32.33	25.63
PBIT Margin (%)	15.79	13.28	22.57	26.46	21.75
PBT Margin (%)	15.72	13.21	22.40	26.23	21.62
Net Profit Margin (%)	11.73	9.79	16.55	21.18	16.88
NP After MI And SOA Margin (%)	14.17	11.59	19.48	23.73	19.25
Return on Networth / Equity (%)	20.60	20.67	19.80	18.51	23.31
Return on Capital Employeed (%)	21.80	22.40	21.81	19.52	24.53
Return On Assets (%)	13.95	12.99	13.53	12.95	16.55
Asset Turnover Ratio (%)	1.04	1.24	0.79	0.61	0.97
Current Ratio (X)	1.07	0.99	1.21	1.32	1.39
Quick Ratio (X)	1.06	0.98	1.19	1.30	1.36
Dividend Payout Ratio (NP) (%)	0.00	78.98	16.77	16.71	16.21
Dividend Payout Ratio (CP) (%)	0.00	64.65	13.85	13.39	13.49
Earning Retention Ratio (%)	0.00	21.02	83.23	83.29	83.79
Cash Earning Retention Ratio (%)	0.00	35.35	86.15	86.61	86.51
Interest Coverage Ratio (X)	286.22	211.77	155.77	140.90	204.78
Interest Coverage Ratio (Post Tax) (X)	180.10	131.88	97.64	93.31	135.84
Enterprise Value (Cr.)	28027.45	27361.77	24730.86	34623.71	25039.56
EV / Net Operating Revenue (X)	2.00	1.93	3.21	7.01	3.86
EV / EBITDA (X)	10.68	12.20	12.02	21.67	15.06
MarketCap / Net Operating Revenue (X)	2.15	2.12	3.38	7.24	4.20
Retention Ratios (%)	0.00	21.01	83.22	83.28	83.78
Price / BV (X)	3.13	3.78	3.44	5.64	5.08
Price / Net Operating Revenue (X)	2.15	2.12	3.38	7.24	4.20
EarningsYield	0.06	0.05	0.05	0.03	0.04

After reviewing the key financial ratios for Indraprastha Gas Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 28.36. This value is within the healthy range. It has increased from 23.42 (Mar 23) to 28.36, marking an increase of 4.94.
For Diluted EPS (Rs.), as of Mar 24, the value is 28.36. This value is within the healthy range. It has increased from 23.42 (Mar 23) to 28.36, marking an increase of 4.94.
For Cash EPS (Rs.), as of Mar 24, the value is 29.38. This value is within the healthy range. It has increased from 24.99 (Mar 23) to 29.38, marking an increase of 4.39.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 137.85. It has increased from 113.30 (Mar 23) to 137.85, marking an increase of 24.55.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 137.85. It has increased from 113.30 (Mar 23) to 137.85, marking an increase of 24.55.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 200.00. It has decreased from 202.08 (Mar 23) to 200.00, marking a decrease of 2.08.
For PBDIT / Share (Rs.), as of Mar 24, the value is 37.49. This value is within the healthy range. It has increased from 32.04 (Mar 23) to 37.49, marking an increase of 5.45.
For PBIT / Share (Rs.), as of Mar 24, the value is 31.58. This value is within the healthy range. It has increased from 26.85 (Mar 23) to 31.58, marking an increase of 4.73.
For PBT / Share (Rs.), as of Mar 24, the value is 31.45. This value is within the healthy range. It has increased from 26.70 (Mar 23) to 31.45, marking an increase of 4.75.
For Net Profit / Share (Rs.), as of Mar 24, the value is 23.46. This value is within the healthy range. It has increased from 19.80 (Mar 23) to 23.46, marking an increase of 3.66.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 28.36. This value is within the healthy range. It has increased from 23.42 (Mar 23) to 28.36, marking an increase of 4.94.
For PBDIT Margin (%), as of Mar 24, the value is 18.74. This value is within the healthy range. It has increased from 15.85 (Mar 23) to 18.74, marking an increase of 2.89.
For PBIT Margin (%), as of Mar 24, the value is 15.79. This value is within the healthy range. It has increased from 13.28 (Mar 23) to 15.79, marking an increase of 2.51.
For PBT Margin (%), as of Mar 24, the value is 15.72. This value is within the healthy range. It has increased from 13.21 (Mar 23) to 15.72, marking an increase of 2.51.
For Net Profit Margin (%), as of Mar 24, the value is 11.73. This value exceeds the healthy maximum of 10. It has increased from 9.79 (Mar 23) to 11.73, marking an increase of 1.94.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 14.17. This value is within the healthy range. It has increased from 11.59 (Mar 23) to 14.17, marking an increase of 2.58.
For Return on Networth / Equity (%), as of Mar 24, the value is 20.60. This value is within the healthy range. It has decreased from 20.67 (Mar 23) to 20.60, marking a decrease of 0.07.
For Return on Capital Employeed (%), as of Mar 24, the value is 21.80. This value is within the healthy range. It has decreased from 22.40 (Mar 23) to 21.80, marking a decrease of 0.60.
For Return On Assets (%), as of Mar 24, the value is 13.95. This value is within the healthy range. It has increased from 12.99 (Mar 23) to 13.95, marking an increase of 0.96.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.04. It has decreased from 1.24 (Mar 23) to 1.04, marking a decrease of 0.20.
For Current Ratio (X), as of Mar 24, the value is 1.07. This value is below the healthy minimum of 1.5. It has increased from 0.99 (Mar 23) to 1.07, marking an increase of 0.08.
For Quick Ratio (X), as of Mar 24, the value is 1.06. This value is within the healthy range. It has increased from 0.98 (Mar 23) to 1.06, marking an increase of 0.08.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 78.98 (Mar 23) to 0.00, marking a decrease of 78.98.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 64.65 (Mar 23) to 0.00, marking a decrease of 64.65.
For Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 21.02 (Mar 23) to 0.00, marking a decrease of 21.02.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 35.35 (Mar 23) to 0.00, marking a decrease of 35.35.
For Interest Coverage Ratio (X), as of Mar 24, the value is 286.22. This value is within the healthy range. It has increased from 211.77 (Mar 23) to 286.22, marking an increase of 74.45.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 180.10. This value is within the healthy range. It has increased from 131.88 (Mar 23) to 180.10, marking an increase of 48.22.
For Enterprise Value (Cr.), as of Mar 24, the value is 28,027.45. It has increased from 27,361.77 (Mar 23) to 28,027.45, marking an increase of 665.68.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.00. This value is within the healthy range. It has increased from 1.93 (Mar 23) to 2.00, marking an increase of 0.07.
For EV / EBITDA (X), as of Mar 24, the value is 10.68. This value is within the healthy range. It has decreased from 12.20 (Mar 23) to 10.68, marking a decrease of 1.52.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.15. This value is within the healthy range. It has increased from 2.12 (Mar 23) to 2.15, marking an increase of 0.03.
For Retention Ratios (%), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 21.01 (Mar 23) to 0.00, marking a decrease of 21.01.
For Price / BV (X), as of Mar 24, the value is 3.13. This value exceeds the healthy maximum of 3. It has decreased from 3.78 (Mar 23) to 3.13, marking a decrease of 0.65.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.15. This value is within the healthy range. It has increased from 2.12 (Mar 23) to 2.15, marking an increase of 0.03.
For EarningsYield, as of Mar 24, the value is 0.06. This value is below the healthy minimum of 5. It has increased from 0.05 (Mar 23) to 0.06, marking an increase of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Indraprastha Gas Ltd as of April 25, 2025 is: 207.06

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 25, 2025, Indraprastha Gas Ltd is Undervalued by 11.92% compared to the current share price 185.00

Intrinsic Value of Indraprastha Gas Ltd as of April 25, 2025 is: 224.34

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 25, 2025, Indraprastha Gas Ltd is Undervalued by 21.26% compared to the current share price 185.00

Last 5 Year EPS CAGR: 8.35%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 28.83%, which is a positive sign. The stock has a low average Working Capital Days of -69.50, which is a positive sign. The stock has a low average Cash Conversion Cycle of -12.67, which is a positive sign. The company has higher reserves (4,577.85 cr) compared to borrowings (116.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (6.38 cr) and profit (248.08 cr) over the years.

Strength

Weakness

The stock has a high average ROCE of 28.83%, which is a positive sign.
The stock has a low average Working Capital Days of -69.50, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -12.67, which is a positive sign.
The company has higher reserves (4,577.85 cr) compared to borrowings (116.15 cr), indicating strong financial stability.
The company has shown consistent growth in sales (6.38 cr) and profit (248.08 cr) over the years.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Indraprastha Gas Ltd:
1. Net Profit Margin: 11.73%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 21.8% (Industry Average ROCE: 25.3%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 20.6% (Industry Average ROE: 20.5%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 180.1
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.06
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 17.3 (Industry average Stock P/E: 34.52)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

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. 14000.02 Cr. and Equity Capital is Rs. 140.00 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
LPG/CNG/PNG/LNG Bottling/Distribution	IGL Bhawan, Plot No. 4, Community Centre, New Delhi Delhi 110022	investors@igl.co.in http://www.iglonline.net

Management
Name	Position Held
Mr. R K Jain	Chairman
Mr. Kamal Kishore Chatiwal	Managing Director
Mr. Mohit Bhatia	Director
Mr. Pankaj Kumar	Director
Dr. Shyam Agrawal	Director
Prof. Rajni Abbi	Director
Dr. Simrit Kaur	Director
Mrs. Namita Pradhan	Director
Dr. Manish Sitaram Dabhade	Director

FAQ

What is the intrinsic value of Indraprastha Gas Ltd?

Indraprastha Gas Ltd's intrinsic value (as of 25 April 2025) is ₹207.06 — 11.92% higher the current market price of 185.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 25,999 Cr. market cap, FY2025-2026 high/low of ₹285/153, reserves of 9,243 Cr, and liabilities of 14,276 Cr.

What is the Market Cap of Indraprastha Gas Ltd?

The Market Cap of Indraprastha Gas Ltd is 25,999 Cr..

What is the current Stock Price of Indraprastha Gas Ltd as on 25 April 2025?

The current stock price of Indraprastha Gas Ltd as on 25 April 2025 is 185.

What is the High / Low of Indraprastha Gas Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Indraprastha Gas Ltd stocks is ₹285/153.

What is the Stock P/E of Indraprastha Gas Ltd?

The Stock P/E of Indraprastha Gas Ltd is 17.3.

What is the Book Value of Indraprastha Gas Ltd?

The Book Value of Indraprastha Gas Ltd is 67.0.

What is the Dividend Yield of Indraprastha Gas Ltd?

The Dividend Yield of Indraprastha Gas Ltd is 2.43 %.

What is the ROCE of Indraprastha Gas Ltd?

The ROCE of Indraprastha Gas Ltd is 28.8 %.

What is the ROE of Indraprastha Gas Ltd?

The ROE of Indraprastha Gas Ltd is 21.8 %.

What is the Face Value of Indraprastha Gas Ltd?

The Face Value of Indraprastha Gas Ltd is 2.00.