NSE: IGL | BSE: 532514

Slowing Down Stock

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146.31 -1.86 (-1.26%)

New 52W Low today

2.6M NSE+BSE Volume

NSE 02 Apr, 2026 3:31 PM (IST)

20,483.4

Market Cap

High in industry

Beta 1Year

Average volatility

Indraprastha Gas Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for IGL, BSE:532514 Indraprastha Gas Ltd.

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Indraprastha Gas Ltd.

06 Mar 2026

146.31

-1.26%

INDRAPRASTHA GAS LTD

Hold: Indraprastha Gas Ltd.

Recommendation Target

Geojit BNP Paribas

IGL is poised for sustained growth due to its robust infrastructure, expanding footprint and favourable regulatory developments. The company's leadership position in India's city gas distribution sector and recent regulatory changes, such as tax replacements and transmission framework rationalisation, are expected to positively impact growth. IGL's financial performance shows resilience, with a 3% YoY growth in total sales volume. Furthermore, the company's aggressive pursuit of...

Indraprastha Gas has lost -30.00% in the last 6 Months

Indraprastha Gas Ltd.

15 Feb 2026

146.31

-1.26%

CNG volume growth key monitorable

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

IGL’s 3QFY26 EBITDA/scm (adjusted for labor code impact of INR293m) came in 5% above our est. at INR5.8.Gas costs decreased ~INR0.9/scm QoQ in 3Q. Gas costs decreased ~INR0.9/scm QoQ in 3Q. Total volumes were slightly below our estimate at 9.42mmscmd, up 3% YoY.

Indraprastha Gas has lost -24.71% in the last 3 Months

Indraprastha Gas Ltd.

15 Feb 2026

146.31

-1.26%

Q3FY26 result update: Mixed quarter; margin, volume traction likely over next 12–18 months

Buy: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) saw 37.7%/25.5% YoY increase in Q3FY26 EBITDA/PAT to INR 5/INR 3.8bn, above I-Sec’s estimates of INR 4.7/INR 3.6bn.

Indraprastha Gas has lost -24.71% in the last 3 Months

Indraprastha Gas Ltd.

14 Feb 2026

146.31

-1.26%

Indraprastha Gas (IGL IN) Q3FY26 Result Update Improving volume trajectory Upgrade to Accumulate'

Accumulate: Indraprastha Gas Ltd.

Recommendation Target

Prabhudas Lilladhar

We upgrade IGL to Accumulate from Hold, supported by improving CNG volume growth and the recent correction offering a better opportunity. Total volumes grew 1.2% QoQ and 3.5% YoY. Lower gas costs aided margin recovery, with EBITDA/scm improving to Rs5.4/scm vs Rs5.2/scm QoQ and Rs4.3/scm YoY. Adjusted for one-time Rs0.3bn labour provision, adj. EBITDA/scm stood at Rs5.8/scm in Q3FY26. EBITDA stood at Rs4.7bn (+6.7% QoQ, +29.9% YoY), while PAT stood at Rs3.6bn (-3.7% QoQ, +25.5% YoY). IGL indicated that DTC...

Indraprastha Gas has lost -27.90% in the last 1 Year

Indraprastha Gas Ltd.

13 Feb 2026

146.31

-1.26%

Indraprastha Gas (BUY): Revenue miss on volume weakness

Buy: Indraprastha Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Revenue and EBITDA grew by 8.2%YoY and 29.9%YoY resp., driven by volume growth of 3.4%YoY and lower input gas cost

Indraprastha Gas Ltd. has an average target of 209.20 from 5 brokers.

Indraprastha Gas Ltd.

15 Nov 2025

146.31

-1.26%

A muted quarter, but margins and volumes could see traction over next 12–18 months

Buy: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) saw YoY ~17.4%/13.6% dip in Q2FY26 EBITDA/PAT to INR 4.4/INR 3.7bn, below I-Sec’s estimates of INR 5.6/INR 4bn, driven by higher gas cost with a reduction in APM and NWG’s share in Q2.

Indraprastha Gas has lost -30.00% in the last 6 Months

Indraprastha Gas Ltd.

14 Nov 2025

146.31

-1.26%

Margin expansion ahead!

Buy: Indraprastha Gas Ltd.

Motilal Oswal

In 2QFY26, Indraprastha Gas (IGL)’s EBITDA/scm margin came in 9% below our estimate at INR5.2, primarily driven by higher gas costs due to the rising share of R-LNG in gas sourcing.

Indraprastha Gas Ltd. has an average target of 209.20 from 5 brokers.

Indraprastha Gas Ltd.

14 Nov 2025

146.31

-1.26%

Indraprastha Gas (HOLD): Performance below expectations on higher gas cost

Hold: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

Performance was weak on account of higher input gas cost, impacted by lower APM gas allocation

Indraprastha Gas has lost -30.00% in the last 6 Months

Indraprastha Gas Ltd.

07 Oct 2025

146.31

-1.26%

Tax tweak could deliver margin bonanza

Buy: Indraprastha Gas Ltd.

Motilal Oswal

As per media reports and our channel checks, Indraprastha Gas (IGL) could see a potential EBITDA/scm upside of 16-20% due to a change in the tax rate on gas sourced from Gujarat (official confirmation is awaited).