Indraprastha Gas Ltd. News and Updates

Name: Latest research reports of Indraprastha Gas Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Indraprastha Gas Ltd.
Rating: 5
Author: BOB Capital Markets Ltd.

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Indraprastha Gas Ltd.

28 Mar 2019

213.11

0.74%

First Light: Indraprastha Gas

Buy: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

Key takeaways from our meeting with the Indraprastha Gas (IGL) management: (a) volume growth to sustain at >10% CAGR over FY18-FY21, (b) volume flows from four new areas won in the 9th/10th CGD bid rounds could commence from H2FY20, and (c) capex intensity to increase as demand traction improves. Recent price levels indicate EBITDA margin expansion (to ~Rs 7/scm) from Q4FY19 which, if sustained, may carry earnings upgrade potential. We raise our target price to Rs 360 (from Rs 350) as we roll over to Mar'20....

Indraprastha Gas Ltd. has gained 33.01% in the last 6 Months

Indraprastha Gas Ltd.

27 Mar 2019

213.11

0.74%

Indraprastha Gas (BUY): Volume growth traction looks sustainable

Buy: Indraprastha Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Indraprastha Gas Ltd. has an average target of 234.67 from 7 brokers.

Indraprastha Gas Ltd.

01 Mar 2019

213.11

0.74%

Besides volume ramp-up, profitability to remain healthy for GAIL, IGL

Business Standard

The optimism also stems from the outlook for volume growth of the companies

Indraprastha Gas Ltd. has gained 33.01% in the last 6 Months

Indraprastha Gas Ltd.

27 Feb 2019

213.11

0.74%

IGL adding record number of PNG users this fiscal

Business Line

Indrapastha Gas Ltd is on track to add over 2 lakh new piped natural gas (PNG) connections this fiscal. This will be the highest number of piped gas

Indraprastha Gas Ltd. has gained 33.01% in the last 6 Months

Indraprastha Gas Ltd.

27 Feb 2019

213.11

0.74%

Oil & Gas: 10th CGD bidding round ends key wins for GAIL, IGL, GUJGA

Sell: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

10th CGD bidding round ends key wins for GAIL, IGL, GUJGA PNGRB recently concluded the 10th round of CGD bidding that offered 50 geographical areas (GA), taking the cumulative count to 130 GAs awarded across India within a year. Given the strategic nature of ~20 GAs won by GAIL Gas, IGL and GUJGA that complement their infrastructure presence, these players could see significant volume ramp-up over 2-3 years. OMCs take the lead: OMCs and their JVs have won 21 of the 50 GAs bid out by PNGRB in the recently concluded 10th CGD round. This isn't surprising as...

Indraprastha Gas Ltd. is trading above its 150 day SMA of 198.5

Indraprastha Gas Ltd.

08 Feb 2019

213.11

0.74%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported Q3FY19 numbers that were largely in line with our estimates on the operational front. Revenues increased 27.4% YoY to | 1508.4 crore, marginally above our estimate of | 1489.9 crore on account of higher volumes. Volumes at 5.9 mmscmd were marginally above our estimate of 5.8 mmscmd. While CNG volumes were at 4.4 mmscmd, PNG volumes were at 1.5 mmscmd Gross margins came in below our estimates at | 11/scm (our estimate: | 11.4/scm). However, lower-than-expected other expenses...

Number of FII/FPI investors decreased from 305 to 277 in Mar 2025 qtr

Indraprastha Gas Ltd.

07 Feb 2019

213.11

0.74%

Indraprastha Gas (3QFY19): Growth momentum rages on. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Our SOTP target is Rs 381/sh (25x FY20E standalone core EPS + 23x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 3QFY19 revenue came in at Rs 15.08bn, up 27.4% YoY led by 12.2% YoY increase in volumes to 5.90mmscmd and 13.6% YoY increase in realisation to Rs 27.8/scm. EBITDA stood at Rs 3.18bn up 20.8% YoY on account of expansion in per unit margin up 7.7% YoY to Rs 5.9/scm. APAT came in at Rs 1.98bn (+19.3% YoY).

Indraprastha Gas Ltd. is trading above its 150 day SMA of 198.5

Indraprastha Gas Ltd.

07 Feb 2019

213.11

0.74%

IGL shares jump 3% post Q3 results

Economic Times

CLSA has maintained'Buy' call on the stock with a target price of Rs 390.

Indraprastha Gas Ltd. has an average target of 234.67 from 7 brokers.

IGL net up 19 per cent in Q3

Business Line | 06 Feb 2019

Indraprastha Gas Ltd.

17 Dec 2018

213.11

0.74%

The engine running well on CNG

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

Notably, ~5,000 CNG LCVs were added in FY18. Customers are likely to shift toward CNG-fitted engines due to a rise in the cost of diesel LCVs post BS-VI implementation. Government measures to curb pollution (e.g. diesel CVs now are restricted from entering Delhi) are providing added support. OEMs, too, are likely to roll out more CNG-fitted commercial transport vehicles, which bodes well for volume growth.

Number of FII/FPI investors decreased from 305 to 277 in Mar 2025 qtr

Indraprastha Gas Ltd.

12 Dec 2018

213.11

0.74%

Indraprastha Gas Ltd. - Company Update - Leveraging market leadership for growth and scalability

Buy: Indraprastha Gas Ltd.

Religare

Indraprastha Gas Ltd. (IGL) is a JV between GAIL and BPCL; while Government of NCT of Delhi holds 5% equity. IGL operates in two segments - compressed natural gas (CNG) and piped natural gas (PNG). The CNG business (76% of FY18 sales) involves distribution of CNG to vehicles through gas stations. In PNG (24%), IGL supplies natural gas to homes and commercial/ industrial users.

Indraprastha Gas Ltd. has gained 33.01% in the last 6 Months

Is Indraprastha Gas Ltd. worth buying?

720 Votes:

Buy 81.53%

Sell 10.56%

Hold 7.92%

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