NSE: IGL | BSE: 532514

Mid-range Performer

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205.96 1.69 (0.83%)

27.78% Fall from 52W High

655.6K NSE+BSE Volume

NSE 23 May, 2025 11:05 AM (IST)

28,834.4

Market Cap

Above industry Median

1.0

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.

Indraprastha Gas Ltd.

07 Feb 2020

205.96

0.83%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported its Q3FY20 numbers that were marginally above our estimates on account of higher-than-expected volumes as well as margins. Volumes increased 13.4% YoY to 6.7 mmscmd and came in marginally above our estimate of 6.6 mmscmd. Revenues increased 10.3% YoY to | 1664.2 crore, in line with our estimate of | 1674.5 crore. EBITDA increased 23.3% YoY to | 391.8 crore (our estimates: | 376.7 crore) on lower than estimated gas costs. Subsequently, PAT came in at | 283.9 crore (up...

Indraprastha Gas Ltd. is trading above its 150 day SMA of 197.3

Indraprastha Gas Ltd.

06 Feb 2020

205.96

0.83%

Indraprastha Gas (BUY): Margins expand, volume growth stable

Buy: Indraprastha Gas Ltd.

Target

BOB Capital Markets Ltd.

Indraprastha Gas' (IGL) Q3FY20 EBITDA was in line at Rs 3.9bn (+23% YoY, Rs 6.4/scm).

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

Indraprastha Gas Ltd.

11 Dec 2019

205.96

0.83%

Management Meet Update

Buy: Indraprastha Gas Ltd.

Prabhudas Lilladhar

Besides, MNGL was allotted geographical areas (GAs) of Nashik-DhuleValsad, Sindhudurg and Ramanagara districts of Maharashtra and Karnataka in the ninth round of CGD bidding. The company is on an aggressive growth path, and volumes are to more than double to 1.9mmscmd over FY20-24E (FY20 0.9mmscmd). We value MNGL at an EV of Rs53bn based on PER of 20x FY22E (v/s 23x for IGL given the relative size). We reiterate our positive stance on IGL given the strong traction in core operations in NCR region along with...

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

Indraprastha Gas Ltd.

08 Nov 2019

205.96

0.83%

Indraprastha Gas (2QFY20): The rise and rise of IGL. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

We expect a volume growth of 11% YoY over FY19-22E. The robustness of business enables the company to maintain stable per unit EBITDA spread >Rs 6.2/scm. The company will remain a net cash one as OCF of Rs 26.56bn suffices Rs 22-23bn capex over FY20-21. The company generates OCF yield of almost 5% and RoIC of ~30% over FY21/22E. Valuations are contextually moderate at 21.0x FY22E EPS. We maintain BUY on IGL following its stellar performance in 2QFY20. Our target price is Rs 480/sh (25x Sep-21E standalone EPS and 23x Sep-21E MNGL and CUGL).

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

Indraprastha Gas Ltd.

08 Nov 2019

205.96

0.83%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported its Q2FY20 numbers that were operationally above our estimates on account of marginally higher-than-expected volumes and lower-than-expected other expenses. Volumes at 6.6 mmscmd came in marginally above our estimates of 6.5 mmscmd. Revenues increased 19.1% YoY to | 1692.5 crore, marginally above our estimate of | 1676.4 crore on account of higher volumes. EBITDA increased 27.5% YoY to | 392.6 crore (our estimate: | 369.6 crore) on account of lower-thanexpected other expenses. PAT came in at | 381 crore (up 103.4% YoY), higher than estimate of | 262.6 crore, supported by net tax reversal of | 13.3...

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

Indraprastha Gas Ltd.

07 Nov 2019

205.96

0.83%

Q2FY20 Result Update

Buy: Indraprastha Gas Ltd.

Target

Prabhudas Lilladhar

Volume growth remains the highlight: Indraprastha Gas' (IGL's) Q2FY20 volume momentum remains intact- overall sales volume growth was at 605mscm (11.6% YoY). Q2 EBITDA and PBT of Rs3.93bn (PLe: Rs3.75bn; +27%YoY) and Rs3.67bn...

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

Indraprastha Gas Ltd.

07 Nov 2019

205.96

0.83%

Indraprastha Gas (BUY): Margins expand, volume growth robust

Buy: Indraprastha Gas Ltd.

Target

BOB Capital Markets Ltd.

Indraprastha Gas' (IGL) Q2FY20 EBITDA was above estimates at Rs 3.9bn (+27.5% YoY; Rs 6.5/scm).

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

Indraprastha Gas Ltd.

11 Sep 2019

205.96

0.83%

Model Trading Portfolio - Indraprastha Gas Ltd

Indraprastha Gas Ltd.

Edelweiss

Indraprastha Gas Limited (IGL), is one of India's leading natural gas distribution companies.

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

Indraprastha Gas Ltd.

16 Aug 2019

205.96

0.83%

Indraprastha Gas (1QFY20): Never fails to exceed expectations. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

We expect a volume growth of 11% YoY over FY19-21E. The robustness of business enables the company to maintain stable per unit EBITDA spread of ~Rs 6/scm. The company generates OCF yield of almost 5.5% and RoIC of >30% over FY20/21E. Valuations are contextually moderate at 22.5x FY21E EPS. Maintain BUY. We maintain BUY on IGL following its stellar performance in 1QFY20. Our target price is Rs 402/sh (25x Jun-21E standalone EPS and 23x Jun-21E MNGL and CUGL).

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

Indraprastha Gas Ltd.

16 Aug 2019

205.96

0.83%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

IGL continued to report stable growth rate on the volumes front, which grew 13.4% YoY to 6.3 mmscmd. The rise in environment awareness & regulations has prompted the need for CNG conversions in Delhi, thus benefiting IGL's CNG volumes at 4.7 mmscmd in Q1FY20 (up 13.7% YoY). On the PNG front, volumes increased 12.4% YoY to 1.6 mmscmd marginally below our estimates of 1.7 mmscmd. Higher volumes from Noida, Ghaziabad, Gurugram, Rewari and other new areas gives visibility for volume growth over the next two years. We estimate sales volumes at 6.5...

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

Is Indraprastha Gas Ltd. worth buying?

722 Votes:

Buy 81.58%

Sell 10.53%

Hold 7.89%

RESEARCH REPORTS

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Buy SEE REPORTS >

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