NSE: IGL | BSE: 532514

Falling Comet

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143.44 -1.51 (-1.04%)

Near 52W Low of ₹141.74

1.3M NSE+BSE Volume

NSE 28 Sep, 2026 3:31 PM (IST)

20,081.6

Market Cap

High in industry

Beta 1Year

Low 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.

10 Sep 2026

143.44

-1.04%

Margins bottoming; volumes diversifying; valuation undemanding

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

IGL's stock has corrected ~10% over the last four months, primarily on elevated input gas costs (Brent at USD93/bbl in 1HFY27'TD vs FY26: USD69/bbl) and INR depreciation (INR95/USD in 1HFY27'TD vs FY26: INR88.4/USD), which contracted margins.

Number of FII/FPI investors decreased from 310 to 291 in Jun 2026 qtr

Indraprastha Gas Ltd.

15 Aug 2026

143.44

-1.04%

CNG volume traction improves in 1Q (ex-DTC/DIMTS)

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

Indraprastha Gas (IGL)’s 1QFY27 EBITDA/scm came in line with our est. at INR3.4/scm, as a ~INR4.4/scm QoQ increase in realization was more than offset by a ~INR6.5/scm QoQ rise in gas costs, while opex declined ~INR0.6/scm QoQ.

Number of FII/FPI investors decreased from 310 to 291 in Jun 2026 qtr

Indraprastha Gas Ltd.

15 Aug 2026

143.44

-1.04%

Volume remains robust, but higher gas costs drive earnings sharply lower

Buy: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) saw a 42.3/47.7% YoY decrease in Q1FY27 EBITDA/PAT to INR 2.9/INR 1.9bn, due to disruptions in the gas supply mix and sharply higher gas costs on account of the Gulf conflict.

Indraprastha Gas has lost -29.08% in the last 1 Year

Indraprastha Gas Ltd.

14 Aug 2026

143.44

-1.04%

Indraprastha Gas (BUY): Operational performance miss expectations on higher gas costsRevenue grew by 17%YoY on the back of volume growth of 6%YoY & realization gr. of 11%YoY. However, higher gas costs impacted EBITDAView Report

Buy: Indraprastha Gas Ltd.

Target

BOB Capital Markets Ltd.

Revenue grew by 17%YoY on the back of volume growth of 6%YoY & realization gr. of 11%YoY. However, higher gas costs impacted EBITDA

Indraprastha Gas has lost -29.08% in the last 1 Year

Indraprastha Gas Ltd.

19 May 2026

143.44

-1.04%

Indraprastha Gas (BUY): Operational performance miss expectations on higher costs

Buy: Indraprastha Gas Ltd.

Target

BOB Capital Markets Ltd.

Revenue grew by 5.5%YoY on the back of volume growth of 5.6%YoY. However, the higher costs led to decline in EBITDA

Indraprastha Gas Ltd. is trading below all available SMAs

Indraprastha Gas Ltd.

19 May 2026

143.44

-1.04%

1QFY27 margins pressured by higher gas costs

Buy: Indraprastha Gas Ltd.

Emkay

Indraprastha Gas’ (IGL) 4QFY26 EBITDA/scm came in 44% above our est. at INR4.8. Gas costs and opex increased ~INR1/0.8 per scm QoQ in 4Q.

Motilal Oswal increased Buy price target of Indraprastha Gas Ltd. to 195.0 on 10 Sep, 2026.

Indraprastha Gas Ltd.

06 Mar 2026

143.44

-1.04%

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...

Number of FII/FPI investors decreased from 310 to 291 in Jun 2026 qtr

Indraprastha Gas Ltd.

15 Feb 2026

143.44

-1.04%

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 Ltd. is trading below all available SMAs

Indraprastha Gas Ltd.

15 Feb 2026

143.44

-1.04%

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 -29.08% in the last 1 Year

Indraprastha Gas Ltd.

14 Feb 2026

143.44

-1.04%

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 -29.08% in the last 1 Year

Is Indraprastha Gas Ltd. worth buying?

766 Votes:

Buy 80.55%

Sell 11.1%

Hold 8.36%

RESEARCH REPORTS

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Buy SEE REPORTS >

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