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Last Updated on: 24 February, 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.
LPG Bottling/DistributionIGL Bhawan, Plot No. 4, Community Centre, New Delhi Delhi
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

Indraprastha Gas Ltd. Share Price Update

Share PriceValue
Previous Day₹439.85

Basic Stock Data of Indraprastha Gas Ltd

Market Cap 30,860 Cr.
Current Price 441
High / Low516/376
Stock P/E18.3
Book Value 115
Dividend Yield2.96 %
ROCE26.7 %
ROE20.0 %
Face Value 2.00

Data Source:

Indraprastha Gas Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Operating Profit407501492381530470500618528428466642657
OPM %31%35%32%30%29%21%21%19%15%12%13%19%19%
Other Income6626283077307731110566546134
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
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
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.
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:15%
5 Years:26%
3 Years:30%
Compounded Profit Growth
10 Years:15%
5 Years:17%
3 Years:9%
Stock Price CAGR
10 Years:24%
5 Years:9%
3 Years:-6%
1 Year:3%
Return on Equity
10 Years:20%
5 Years:20%
3 Years:19%
Last Year:20%

Indraprastha Gas Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital140140140140140140140140140140140140140
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
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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days191920232519181410192523
Inventory Days97671010865842
Days Payable433226302648503522696532
Cash Conversion Cycle-14-6019-19-23-15-7-41-37-6
Working Capital Days-58-44-32-36-32-62-67-75-82-142-113-78
ROCE %33%32%29%31%27%32%31%29%29%24%26%27%

Indraprastha Gas Ltd Financial Efficiency Indicators Chart

Indraprastha Gas Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
No. of Shareholders1,72,5171,96,0662,12,6952,28,8852,93,1173,70,1903,69,3923,40,9153,22,3453,05,9612,72,0652,70,687

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)
Kotak Flexicap Fund - Regular Plan85000000.83325
Mirae Asset Emerging Bluechip Fund65369250.89249.94
PGIM India Midcap Opportunities Fund46802921.97178.95
Mirae Asset Midcap Fund41151081.34157.34
Nippon India Growth Fund34522650.69132
Kotak Equity Arbitrage Fund - Regular Plan34278750.45131.06
Kotak Equity Opportunities Fund - Regular Plan33000000.83126.18
PGIM India Flexi Cap Fund28479041.93108.89
Kotak Balanced Advantage Fund24780910.6494.75
DSP Equity Opportunities Fund17967830.7868.7

Indraprastha Gas Ltd ROCE Trend

Indraprastha Gas Ltd EPS Trend

Indraprastha Gas Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
Basic EPS (Rs.)23.4221.4616.7517.8412.03
Diluted EPS (Rs.)23.4221.4616.7517.8412.03
Cash EPS (Rs.)24.9922.7719.1019.2513.66
Book Value[Excl.RevalReserv]/Share (Rs.)113.30108.3790.4976.5461.65
Book Value[Incl.RevalReserv]/Share (Rs.)113.30108.3790.4976.5461.65
Revenue From Operations / Share (Rs.)202.08110.1470.5892.6582.35
PBDIT / Share (Rs.)32.0429.4022.8323.7519.79
PBIT / Share (Rs.)26.8524.8718.6820.1516.92
PBT / Share (Rs.)26.7024.6818.5220.0416.89
Net Profit / Share (Rs.)19.8018.2414.9515.6410.79
NP After MI And SOA / Share (Rs.)23.4221.4616.7517.8412.03
PBDIT Margin (%)15.8526.6832.3325.6324.03
PBIT Margin (%)13.2822.5726.4621.7520.54
PBT Margin (%)13.2122.4026.2321.6220.50
Net Profit Margin (%)9.7916.5521.1816.8813.09
NP After MI And SOA Margin (%)11.5919.4823.7319.2514.60
Return on Networth / Equity (%)20.6719.8018.5123.3119.51
Return on Capital Employeed (%)22.4021.8119.5224.5325.45
Return On Assets (%)12.9913.5312.9516.5513.61
Asset Turnover Ratio (%)1.240.790.610.971.04
Current Ratio (X)0.991.211.321.391.46
Quick Ratio (X)0.981.191.301.361.43
Dividend Payout Ratio (NP) (%)78.9816.7716.7116.2116.62
Dividend Payout Ratio (CP) (%)64.6513.8513.3913.4913.42
Earning Retention Ratio (%)21.0283.2383.2983.7983.38
Cash Earning Retention Ratio (%)35.3586.1586.6186.5186.58
Interest Coverage Ratio (X)211.77155.77140.90204.78675.82
Interest Coverage Ratio (Post Tax) (X)131.8897.6493.31135.84369.36
Enterprise Value (Cr.)27361.7724730.8634623.7125039.5620707.91
EV / Net Operating Revenue (X)1.933.217.013.863.59
EV / EBITDA (X)12.2012.0221.6715.0614.95
MarketCap / Net Operating Revenue (X)2.123.387.244.203.70
Retention Ratios (%)21.0183.2283.2883.7883.37
Price / BV (X)3.783.445.645.084.94
Price / Net Operating Revenue (X)2.123.387.244.203.70

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 of Indraprastha Gas Ltd Stock

Fair Value: ₹433.36

The stock is overvalued by 1.73% compared to the current price ₹441

*Investments are subject to market risks

Strength and Weakness of Indraprastha Gas Ltd Stock

  1. The stock has a high average ROCE of 29.17%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -68.42, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -13.17, 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.
  1. The stock is trading at a high valuation with an average P/B ratio of 21.49 and average Dividend Yield of 20.92%.

About the Author

Author Avatar

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 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