Indraprastha Gas Ltd.    
22 Sep 2020
406.55
-0.65%
Nirmal Bang Institutional
Indraprastha Gas (IGL) management expects gas demand outlook to revive from 2HFY21 and is planning massive investments in CGD network expansion in existing areas across NCT/NCR in Delhi as well as the new GA licenses which the company won in the 9th and 10th rounds of bidding conducted by the PNGRB. The company's capex target for FY21 is Rs13.7bn, which the management hopes to achieve despite the delays suffered in 1QFY21 due to the lockdown forced by the Covid-19 outbreak. Key initiatives to develop new gas markets include converting DG sets to gas, domestic appliances running on gas, H-CNG (hydrogen-CNG mix), LNG retailing and EV charging services....
Indraprastha Gas Ltd. has an average target of 464.13 from 8 brokers.
Indraprastha Gas Ltd.    
15 Sep 2020
406.55
-0.65%
Motilal Oswal
Delhi Transport Corporation plans to induct an additional 1,000 CNG buses (~116 buses would be added by end-Sep20) by the end of this fiscal. Delhi currently has ~6,000 buses totally, and IGL expects ~2,500 CNG buses to be introduced over next 2-3 years (apart from 1,000 mentioned above). Also, IGL expects EBITDA margin growth of 34% per year going ahead (as the company expects gas prices to remain benign in the near term). IGL anticipates 34 court hearings for finalizing the valuation part of Gurugram, and expects the deal to be completed by end-FY21. Gurugram has volumes potential of 22.5mmscmd and is currently operating at 0.4 0.6mmscmd. The company does not plan on reducing planned capex, although it may review capex during the mid-year review. Indraprastha Gas Capex from FY22 onwards could be ~INR12b, and expect another ~INR3b capex over the next two years if Gurugram is awarded.
Indraprastha Gas Ltd. is trading below it's 100 day SMA of 409.5
Indraprastha Gas Ltd.    
09 Sep 2020
406.55
-0.65%
buy
Number of FIIs/FPIs holding stock fell by 40 to 492 in Sep 2020 qtr.
Indraprastha Gas Ltd.    
28 Aug 2020, 12:00AM
406.55
-0.65%
Nirmal Bang Institutional
Revival in CGD hinges on return to normal traffic NBIE Values your patronage- Vote for The Team in the Asia Money poll 2020. Click Here We maintain Buy on Indraprastha Gas (IGL) based on our reduced DCF-based blended target price (TP) of Rs514. We have cut our earnings for FY21E/FY22E by 17.8%/11.8% based on reduced volume and margin assumptions post the 1QFY21 results. IGL reported 1QFY21 consolidated PAT of Rs352mn, down 85.6% YoY and 70.5%/58% miss vs NBIE/street estimate. Revenue came in 4.7% higher than expectation at Rs6.39bn - 4.4%/0.3% beat on...
Indraprastha Gas Ltd. is trading below it's 100 day SMA of 409.5
Indraprastha Gas Ltd.    
27 Aug 2020, 06:58AM
406.55
-0.65%
HDFC Securities
DCF based valuation:Our TP is INR 444 (WACC 11%, Terminal growth rate 3.0%). The stock is trading at 22x FY22 EPS. Indraprastha Gas: Our ADD recommendation on Indraprastha Gas with a TP of INR 444 is premised on (1) Robust volume growth led by its quasi-monopolistic position in Delhi/ NCR with regulatory support in the form of prioritized gas allocation, and (2) Portfolio of mature, semi-mature and new geographical areas (GA). 1QFY21 revenue/EBITDA/APAT was 16.8/11.5/14.4% above our estimates, owing to 19% higher than anticipated volumes, offset by 7% lower per unit EBITDA.
Indraprastha Gas Ltd. has an average target of 464.13 from 8 brokers.
Indraprastha Gas Ltd.    
27 Aug 2020
406.55
-0.65%
ICICI Securities Limited
IGL's volume declined sharply 56.6% YoY to 2.7 mmscmd during the quarter on account of lockdown. CNG sales volume fell 65.6% YoY to 1.6 mmscmd (our estimate: 2.2 mmscmd) due to travel restrictions. PNG volumes also degrew 30.3% YoY to 1.1 mmscmd (our estimate: 1.2 mmscmd). Within PNG segment, domestic PNG segment reported strong growth of 39% YoY while industrial/commercial PNG segment de-grew 40% YoY. CNG & industrial/commercial PNG volumes are expected to remain subdued due to extended lockdown in the near term. We expect volume growth to be witnessed from Q4FY21E onwards. We estimate sales volumes at 5.1...
default
Number of FIIs/FPIs holding stock fell by 40 to 492 in Sep 2020 qtr.
Indraprastha Gas Ltd.    
26 Aug 2020
406.55
-0.65%
buy
Dolat Capital
IGL volume at 2.71 MMSCMD (down 56.6% YoY) with realizations of Rs 25.6 per SCM (down 7.1% YoY) was below our estimates. Volumes in CNG segment took a bigger hit followed by de-growth in...
Indraprastha Gas Ltd. is trading above it's 50 day SMA of 397.4
Indraprastha Gas Ltd.    
26 Aug 2020
406.55
-0.65%
Prabhudas Lilladhar
Lockdowns hit volume growth: Indraprastha Gas' (IGL's) Q1FY21 volumes were hit by pandemic related lockdowns and were at 247mscm (-57% YoY). For Q1FY21, CNG and PNG volumes were at 105m kgs (-66% YoY) and...
Indraprastha Gas Ltd. has an average target of 464.13 from 8 brokers.
Indraprastha Gas Ltd.    
26 Aug 2020
406.55
-0.65%
BOB Capital Markets Ltd.
Indraprastha Gas' (IGL) Q1FY21 EBITDA was a tad below estimates at Rs 0.8bn (77% YoY).
Indraprastha Gas Ltd. is trading below it's 100 day SMA of 409.5
Indraprastha Gas Ltd.    
20 Jul 2020
406.55
-0.65%
Prabhudas Lilladhar
Current price correction provides a good entry point, given high entry barriers in lucrative markets of Delhi and Mumbai. Stocks of IGL and MGL have corrected as Open access norms for new entrants are likely to be finalized by the regulator (PNGRB), soon. IGL and MGL, with over 95% of FY20 revenues accruing from lucrative government...
Indraprastha Gas Ltd. is trading below it's 100 day SMA of 409.5