Indraprastha Gas Ltd. News and Updates

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

Keep track of all breaking news on Indraprastha Gas Ltd. from all sources in a single place.

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Indraprastha Gas Ltd.

10 Jul 2018

203.22

-2.09%

Reliance-BP JV seeks licence to retail gas in 15 cities, IGL bids for 13

Business Standard

The govt is targeting to raise the share of natural gas in primary energy basket to 15 per cent from 6 per cent at present, within a few years

Indraprastha Gas Ltd. is trading below its 200 day SMA of 216.0

Indraprastha Gas Ltd.

01 Jun 2018

203.22

-2.09%

IGL, Petronet to bid jointly for city gas distribution networks

Business Line

Indraprastha Gas Limited and Petronet LNG will consider bidding jointly for developing City Gas Distribution networks. The two will bid for the new

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

Indraprastha Gas Ltd.

28 May 2018

203.22

-2.09%

IGL hikes CNG prices on weak rupee

Business Line

Indraprastha Gas Ltd has hiked the selling price of compressed natural gas (CNG) in National Capital Territory of Delhi, Noida, Greater Noida and Ghaz

Indraprastha Gas Ltd. is trading below its 200 day SMA of 216.0

Indraprastha Gas Ltd.

24 May 2018

203.22

-2.09%

Indraprastha Gas (4QFY18): Strong show. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Our SOTP target is Rs 422/sh (30x FY20E standalone core EPS + 25x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 4QFY18 revenue came in at Rs 12.33bn, up 23.1% YoY led by 11.3% YoY increase in volumes to 5.36mmscmd and 10.5% YoY increase in realisation to Rs 25.6/scm. EBITDA stood at Rs 2.91bn up 26.9% YoY on account of higher gross margin, up 33bps. APAT came in at Rs 1.75 (+30.3% YoY).

Indraprastha Gas Ltd. is trading below its 200 day SMA of 216.0

Indraprastha Gas Ltd.

24 May 2018

203.22

-2.09%

IGL net profit jumps 31% to Rs 175 cr

Business Line

CNG sales up 10 per cent, PNG sales up 15 per cent

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

Indraprastha Gas Ltd.

24 May 2018

203.22

-2.09%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported Q4FY18 numbers, which were higher than our estimates mainly on account of a better operational performance. Revenues increased 23.1% YoY to | 1232.9 crore above our estimate of | 1198.5 crore on account of higher realisations. Volumes posted growth of 12.4% YoY at 5.4 mmscmd in line with our estimates. While CNG volumes were at 4 mmscmd, PNG volumes came in at 1.4 mmscmd Net realisations were above our estimate at | 27.7/scm (our estimate:...

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

Indraprastha Gas Ltd.

23 May 2018

203.22

-2.09%

EBITDA in-line; strong volume growth continues

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

IGL reported EBITDA of INR2.8b (+20% YoY, +11% QoQ), in line with our estimate. During the quarter, the company reversed a provision of INR160m on account of negotiation with OMCs for trade margin payable to them for sale of CNG for the earlier period. Adjusting for that, EBITDA/scm increased to INR5.7 (v/s our estimate of INR5.6; INR5.4 in 3QFY18, INR5.6 in 4QFY17). 23 May 2018 PBT rose 30% YoY (+8% QoQ) to INR2.7b (est. PAT stood at INR1.75b (in-line; +30% YoY, +5% QoQ). CNG volumes grew 10% YoY (+2% QoQ) to 3.