Indraprastha Gas Ltd. News and Updates

Name: Latest research reports of Indraprastha Gas Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Indraprastha Gas Ltd.
Rating: 3
Author: ICICI Securities Limited

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Indraprastha Gas Ltd.

09 Nov 2018

205.42

-2.90%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Indraprastha Gas (IGL) reported Q2FY19 numbers that were above our estimates on the profitability front. Revenues recorded an increase of 26.2% YoY at | 1421.5 crore largely in line with our estimates. Volumes posted growth of 12.9% YoY at 5.9 mmscmd...

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

Indraprastha Gas Ltd.

07 Nov 2018

205.42

-2.90%

IGL's pricing power, expanding reach to keep investors glued

Economic Times

The stock is relatively expensive. It is trading at 23 times its next twelve-month earning.

Indraprastha Gas Ltd. is trading below its 200 day SMA of 216.4

Indraprastha Gas Ltd.

06 Nov 2018

205.42

-2.90%

Indraprastha Gas (2QFY19): Volume growth is a key. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Maintain BUY. IGLs 2QFY19 revenue came in at Rs 14.22bn, up 26.2% YoY led by 12.9% YoY increase in volumes to 5.89mmscmd and 23% YoY increase in realisation for PNG to Rs 28.7/scm. Higher domestic gas prices, RLNG prices and depreciation of rupee had resulted in increase in raw material prices.

Indraprastha Gas Ltd. has gained 16.09% in the last 1 Month

Indraprastha Gas Ltd.

05 Nov 2018

205.42

-2.90%

Q2 result: IGL net profit rises 10.9% to 187.28 cr

Business Line

Indraprastha Gas Limited has reported a 187.28 crore net profit for the second quarter of financial year 2018-2019. This is 10.9 per cent higher tha

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

Indraprastha Gas Ltd.

05 Nov 2018

205.42

-2.90%

IGL

Buy: Indraprastha Gas Ltd.

Target

Dolat Capital

IGL volume growth was marginally ahead of our estimates at 5.89 MMSMD as compared to our estimate of 5.69 MMSCMD. Realizations improved by 2.9% on a sequential basis due to the regular price hikes taken during Q2FY19. We expect full impact of prices hikes to come from Q3FY19. Spreads were lower due to sharp increase in the input cost. Considering the outlook on gas prices and currency, we feel that gas prices should not...

Indraprastha Gas Ltd. is trading below its 200 day SMA of 216.4

Indraprastha Gas Ltd.

05 Nov 2018

205.42

-2.90%

EBITDA marginally below estimate; strong volume growth continues

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

Net operating income for the quarter stood at INR14.2b (est. Gross margins stood at INR10.7/scm v/s INR11.1/scm in 2QFY18 and INR10.8/scm in 2QFY19. IGL reported EBITDA of INR3.1b (est. INR3.2b, +9% YoY, +4% QoQ), marginally below our estimate.

Indraprastha Gas Ltd. has gained 16.09% in the last 1 Month

Indraprastha Gas Ltd.

02 Nov 2018

205.42

-2.90%

IGL extends gain on plan to take over the natural gas supply in Gurugram

Business Standard

The stock rallied 6% to Rs 297, extending its 11% rally in past two days after the company agreed to take over the supply of natural gas in Gurugram district from Haryana City Gas Distribution.

Indraprastha Gas Ltd. is trading above its 150 day SMA of 198.1

Indraprastha Gas Ltd.

30 Sep 2018

205.42

-2.90%

IGL hikes CNG, PNG prices in Delhi

Business Line

Indraprastha Gas Limited (IGL) has hiked the selling price of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Delhi and adjoining territor

Indraprastha Gas Ltd. is trading above its 150 day SMA of 198.1

Indraprastha Gas Ltd.

16 Aug 2018

205.42

-2.90%

IGL

Buy: Indraprastha Gas Ltd.

Target

KRChoksey

Net sales came in at INR 12.8 bn (+24.1% YoY, +6.0% QoQ) due to increased volumes from both CNG and PNG segment. Total gas sales volumes were reported at 505 mmscm v/s 446 mmscm in Q1FY18 (482 mmscm in Q4FY18). CNG volumes increased by 10.1% YoY while PNG volumes increased by 18.3% QoQ with the highest growth coming from the industrial/commercial segment at 28.9% YoY. Gross margins were dented by 475 bpd YoY and 185 bps QoQ to 42.4% due to increased cost of NG resulting in a higher RMAT (+35.3% YoY, +9.6% QoQ). OPM was further negatively impacted by 381 bps YoY and 108 bps QoQ to 22.9% from higher operating expenses (+18.3% YoY, +2% QoQ). EBITDA stood at INR 2.95 bn (+6.4% YoY, +1.3% QoQ). Other income was higher 46.8% on a YoY basis at INR 262 mn. However, this was negated by higher finance costs (+55.6% YoY) resulting in a PAT margin of 13.7% (-188 bps YoY and -73 bps...