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Last Updated on: 07 July, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Indraprastha Gas Ltd

About the Company - Indraprastha Gas Ltd

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. 7709.96 Cr. and Equity Capital is Rs. 140.00 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
LPG/CNG/PNG/LNG Bottling/DistributionIGL Bhawan, Plot No. 4, Community Centre, New Delhi Delhi 110022investors@igl.co.in
http://www.iglonline.net
Management
NamePosition Held
Mr. Kamal Kishore ChatiwalManaging Director
Mr. Pawan KumarDirector - Commercial
Mr. R K JainDirector
Mr. Ashish KundraDirector
Mr. Rajib Sekhar SahooDirector
Mr. Ramesh Narain MisraDirector
Mrs. Saroj BalaDirector
Mr. Deepak MishraDirector
Dr. Shyam AgrawalDirector
Mr. N RamakrishnanDirector

Basic Stock Data of Indraprastha Gas Ltd

Last Updated: July 6, 2024, 12:00 pm

Market Cap 36,561 Cr.
Current Price 522
High / Low538/376
Stock P/E20.9
Book Value 122
Dividend Yield2.49 %
ROCE29.3 %
ROE22.4 %
Face Value 2.00
PEG Ratio3.06

Indraprastha Gas Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1,3051,4461,5511,2571,8312,2152,4063,1943,5543,7113,6873,4073,459
Expenses8989451,0598771,3011,7461,9052,5763,0263,2823,2212,7652,802
Operating Profit407501492381530470500618528428466642657
OPM %31%35%32%30%29%21%21%19%15%12%13%19%19%
Other Income6626283077307731110566546134
Interest2343335233322
Depreciation717576788084758691929499102
Profit before tax399449440330525414498560543389435587686
Tax %23%25%25%26%24%25%27%25%23%28%24%25%22%
Net Profit308335331244401309362421416278330438535
EPS in Rs4.404.784.733.495.724.415.176.015.943.984.716.267.64

Indraprastha Gas Ltd Quarterly Chart

Indraprastha Gas Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,5173,3673,9143,6813,6863,8154,5355,7656,4854,9417,71014,14614,263
Expenses1,8832,6033,1312,8872,9102,8513,4104,5064,9493,4465,81612,08812,069
Operating Profit6347647837947759641,1251,2591,5361,4951,8942,0582,194
OPM %25%23%20%22%21%25%25%22%24%30%25%15%15%
Other Income8122134296590144152149213260301
Interest49614530101222022252710
Depreciation143187220149156167181201252290317363387
Profit before tax4505285406496388611,0321,2001,4161,3311,7661,9282,097
Tax %32%33%33%33%34%34%35%34%20%24%26%25%
Net Profit3063543604384195716717871,1371,0061,3151,4451,581
EPS in Rs4.385.065.156.255.998.169.5811.2416.2414.3718.7820.6422.59
Dividend Payout %23%22%21%19%20%21%21%21%17%25%29%63%

Indraprastha Gas Ltd Profit & Loss Yearly Chart

Indraprastha Gas Ltd Growth

Compounded Sales Growth
10 Years:14%
5 Years:19%
3 Years:42%
TTM:-1%
Compounded Profit Growth
10 Years:17%
5 Years:19%
3 Years:21%
TTM:25%
Stock Price CAGR
10 Years:22%
5 Years:12%
3 Years:-3%
1 Year:9%
Return on Equity
10 Years:20%
5 Years:21%
3 Years:21%
Last Year:22%

Last Updated: June 25, 2024, 8:19 pm

Indraprastha Gas Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital140140140140140140140140140140140140140
Reserves1,0891,3531,6231,9582,3762,7873,3733,9904,9225,7326,7966,9477,920
Borrowings5394583521450000961131088384
Other Liabilities5576827398338681,1641,4191,8232,0172,6063,4134,6114,306
Total Liabilities2,3252,6342,8553,0763,3844,0914,9325,9537,1768,59110,45711,78112,450
Fixed Assets1,5801,8471,8951,9562,0192,1172,4322,8773,5574,3215,0025,7346,053
CWIP3752912622542673523864787778471,3791,4341,488
Investments981431172912596771,1481,5442581,8261,9766771,528
Other Assets2723525805758399459661,0542,5841,5982,1013,9363,382
Total Assets2,3252,6342,8553,0763,3844,0914,9325,9537,1768,59110,45711,78112,450

Indraprastha Gas Ltd Reserves and Borrowings Chart

Indraprastha Gas Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6126436486646539468791,1571,3611,5461,8982,231
Cash from Investing Activity -606-362-300-364-175-1,114-717-1,121-521-1,826-1,585-841
Cash from Financing Activity 65-218-241-327-256-160-84-169-243-297-328-1,359
Net Cash Flow7163106-27223-32878-133597-577-1531

Indraprastha Gas Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days192023251918141019252327
Inventory Days76710108658422
Days Payable322630264850352269653237
Cash Conversion Cycle-6019-19-23-15-7-41-37-6-8
Working Capital Days-44-32-36-32-62-67-75-82-142-113-78-48
ROCE %32%29%31%27%32%31%29%29%24%26%27%

Indraprastha Gas Ltd Financial Efficiency Indicators Chart

Indraprastha Gas Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%
FIIs23.87%21.88%20.23%19.88%20.34%20.99%21.76%21.27%21.94%20.94%17.91%16.81%
DIIs14.79%16.05%16.68%16.90%16.79%20.10%19.53%20.28%20.17%21.06%22.74%24.22%
Government5.00%5.00%5.00%5.00%5.00%5.18%5.18%5.18%5.18%5.18%5.00%5.00%
Public11.34%12.07%13.09%13.22%12.87%8.74%8.53%8.27%7.72%7.83%9.36%8.96%
No. of Shareholders2,12,6952,28,8852,93,1173,70,1903,69,3923,40,9153,22,3453,05,9612,72,0652,70,6873,16,3402,96,569

Indraprastha Gas Ltd Shareholding Pattern Chart

No. of Indraprastha Gas Ltd Shareholders

Indraprastha Gas Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Flexicap Fund - Regular Plan8,500,0000.833252,847,9042024-07-05198.47%
Mirae Asset Emerging Bluechip Fund6,536,9250.89249.942,847,9042024-07-05129.53%
PGIM India Midcap Opportunities Fund4,680,2921.97178.952,847,9042024-07-0564.34%
Mirae Asset Midcap Fund4,115,1081.34157.342,847,9042024-07-0544.5%
Nippon India Growth Fund3,452,2650.691322,847,9042024-07-0521.22%
Kotak Equity Arbitrage Fund - Regular Plan3,427,8750.45131.062,847,9042024-07-0520.36%
Kotak Equity Opportunities Fund - Regular Plan3,300,0000.83126.182,847,9042024-07-0515.87%
PGIM India Flexi Cap Fund2,847,9041.93108.892,847,9042024-07-050%
Kotak Balanced Advantage Fund2,478,0910.6494.752,847,9042024-07-05-12.99%
DSP Equity Opportunities Fund1,796,7830.7868.72,847,9042024-07-05-36.91%

Indraprastha Gas Ltd ROCE Trend

Indraprastha Gas Ltd EPS Trend

Indraprastha Gas Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)28.3623.4221.4616.7517.84
Diluted EPS (Rs.)28.3623.4221.4616.7517.84
Cash EPS (Rs.)29.3824.9922.7719.1019.25
Book Value[Excl.RevalReserv]/Share (Rs.)137.85113.30108.3790.4976.54
Book Value[Incl.RevalReserv]/Share (Rs.)137.85113.30108.3790.4976.54
Revenue From Operations / Share (Rs.)200.00202.08110.1470.5892.65
PBDIT / Share (Rs.)37.4932.0429.4022.8323.75
PBIT / Share (Rs.)31.5826.8524.8718.6820.15
PBT / Share (Rs.)31.4526.7024.6818.5220.04
Net Profit / Share (Rs.)23.4619.8018.2414.9515.64
NP After MI And SOA / Share (Rs.)28.3623.4221.4616.7517.84
PBDIT Margin (%)18.7415.8526.6832.3325.63
PBIT Margin (%)15.7913.2822.5726.4621.75
PBT Margin (%)15.7213.2122.4026.2321.62
Net Profit Margin (%)11.739.7916.5521.1816.88
NP After MI And SOA Margin (%)14.1711.5919.4823.7319.25
Return on Networth / Equity (%)20.6020.6719.8018.5123.31
Return on Capital Employeed (%)21.8022.4021.8119.5224.53
Return On Assets (%)13.9512.9913.5312.9516.55
Asset Turnover Ratio (%)1.041.240.790.610.97
Current Ratio (X)1.070.991.211.321.39
Quick Ratio (X)1.060.981.191.301.36
Dividend Payout Ratio (NP) (%)0.0078.9816.7716.7116.21
Dividend Payout Ratio (CP) (%)0.0064.6513.8513.3913.49
Earning Retention Ratio (%)0.0021.0283.2383.2983.79
Cash Earning Retention Ratio (%)0.0035.3586.1586.6186.51
Interest Coverage Ratio (X)286.22211.77155.77140.90204.78
Interest Coverage Ratio (Post Tax) (X)180.10131.8897.6493.31135.84
Enterprise Value (Cr.)28027.4527361.7724730.8634623.7125039.56
EV / Net Operating Revenue (X)2.001.933.217.013.86
EV / EBITDA (X)10.6812.2012.0221.6715.06
MarketCap / Net Operating Revenue (X)2.152.123.387.244.20
Retention Ratios (%)0.0021.0183.2283.2883.78
Price / BV (X)3.133.783.445.645.08
Price / Net Operating Revenue (X)2.152.123.387.244.20
EarningsYield0.060.050.050.030.04

Indraprastha Gas Ltd Profitability Ratios (%)

Indraprastha Gas Ltd Liquidity Ratios

Indraprastha Gas Ltd Liquidity Ratios (%)

Indraprastha Gas Ltd Interest Coverage Ratios (%)

Indraprastha Gas Ltd Valuation Ratios

Fair Value

Fair Value: 585.38

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.

Undervalued: 12.14% compared to the current price 522

Intrinsic Value: 625.32

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 19.79% compared to the current price ₹522

Last 5 Year EPS CAGR: 6.82%

*Investments are subject to market risks

Strength and Weakness of Indraprastha Gas Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 26.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -67.58, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -12.67, which is a positive sign.
  4. The company has higher reserves (3,912.77 cr) compared to borrowings (152.15 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (5.46 cr) and profit (282.62 cr) over the years.

    FAQ

    What is the latest fair value of Indraprastha Gas Ltd?

    The latest fair value of Indraprastha Gas Ltd is ₹585.38.

    What is the Market Cap of Indraprastha Gas Ltd?

    The Market Cap of Indraprastha Gas Ltd is 36,561 Cr..

    What is the current Stock Price of Indraprastha Gas Ltd as on 06 July 2024?

    The current stock price of Indraprastha Gas Ltd as on 06 July 2024 is 522.

    What is the High / Low of Indraprastha Gas Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Indraprastha Gas Ltd stocks is 538/376.

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

    The Stock P/E of Indraprastha Gas Ltd is 20.9.

    What is the Book Value of Indraprastha Gas Ltd?

    The Book Value of Indraprastha Gas Ltd is 122.

    What is the Dividend Yield of Indraprastha Gas Ltd?

    The Dividend Yield of Indraprastha Gas Ltd is 2.49 %.

    What is the ROCE of Indraprastha Gas Ltd?

    The ROCE of Indraprastha Gas Ltd is 29.3 %.

    What is the ROE of Indraprastha Gas Ltd?

    The ROE of Indraprastha Gas Ltd is 22.4 %.

    What is the Face Value of Indraprastha Gas Ltd?

    The Face Value of Indraprastha Gas Ltd is 2.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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