NSE: IGL | BSE: 532514

Slowing Down Stock

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182.02 0.88 (0.49%)

1.1M NSE+BSE Volume

NSE 14 Jan, 2026 1:15 PM (IST)

25,482.8

Market Cap

High in industry

Beta 1Year

High 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.

15 Nov 2025

182.02

0.49%

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.

Number of FII/FPI investors decreased from 343 to 336 in Dec 2025 qtr

Indraprastha Gas Ltd.

14 Nov 2025, 12:00AM

182.02

0.49%

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 215.25 from 4 brokers.

Indraprastha Gas Ltd.

07 Oct 2025

182.02

0.49%

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).

Indraprastha Gas Ltd. has an average target of 215.25 from 4 brokers.

Indraprastha Gas Ltd.

31 Jul 2025

182.02

0.49%

Steady 1Q performance

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

In 1QFY26, IGL’s EBITDA margin of INR6.2/scm came in below our est. of INR6.8/scm. Volumes at 9.13mmscmd stood in line with our estimate.

Number of FII/FPI investors decreased from 343 to 336 in Dec 2025 qtr

Indraprastha Gas Ltd.

23 May 2025

182.02

0.49%

INDRAPRASTHA GAS LTD

Sell: Indraprastha Gas Ltd.

Recommendation Target

Geojit BNP Paribas

*over or under performance to benchmark index IGL's dependence on higher-cost alternatives to offset lower APM allocations could impact margins. Although the guidance is bullish, with management aiming for an EBITDA margin of 78/scm in the long term, medium-term profitability risks persistespecially if the company is unable to implement price hikes. The Delhi EV 2.0 policy also remains an overhang, keeping the company out of favor. Therefore,...

Number of FII/FPI investors decreased from 343 to 336 in Dec 2025 qtr

Indraprastha Gas Ltd.

29 Apr 2025

182.02

0.49%

Healthy volume growth; margins to improve despite further APM cuts

Buy: Indraprastha Gas Ltd.

ICICI Securities Limited

Indraprastha Gas (IGL) reported ~27/31% dip in Q4FY25 EBITDA/PAT, but earnings were still ahead of I-Sec estimates, helped by a small beat on adjusted EBITDA/scm (INR 4.6/scm vs I-Sec est of INR 4.3/scm).

Indraprastha Gas Ltd. is trading below all available SMAs

Indraprastha Gas Ltd.

28 Apr 2025

182.02

0.49%

Margin expansion ahead; valuation looks attractive

Buy: Indraprastha Gas Ltd.

Motilal Oswal

In 4QFY25, IGL’s adj. EBITDA margin of INR4.6/scm came in below our est. of INR5/scm. Volumes stood at 9.18mmscmd, slightly lower than our est. of 9.29mmscmd.

Number of FII/FPI investors decreased from 343 to 336 in Dec 2025 qtr

Indraprastha Gas Ltd.

28 Apr 2025

182.02

0.49%

Indraprastha Gas (IGL IN) Q4FY25 Result Update One-time...

Sell: Indraprastha Gas Ltd.

Prabhudas Lilladhar

Margin guidance at Rs6-7/scm for Q1FY26 and Rs7-8/scm for long term Indraprastha Gas (IGL) reported a revenue of Rs39.5bn, however there was provision reversal of Rs1.14bn with regard to trade margin agreements with the OMCs. Accordingly, adj rev came in at Rs38.4bn, up 2.1% QoQ (PLe: Rs38.3bn, BBGe:Rs38.6bn). While reported EBITDA came in at Rs5bn, adj EBITDA stood at Rs3.8bn (up 5.4% QoQ, PLe:Rs3.9bn, BBGe: Rs4.2bn). Reported PAT came in at Rs3.5bn while adj PAT stood at Rs2.4bn (down 17.7% QoQ, PLe:Rs2.5bn,...