NSE: IGL | BSE: 532514

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227.98 1.14 (0.50%)

48.96% Gain from 52W Low

3.2M NSE+BSE Volume

NSE 08 Jul, 2025 3:31 PM (IST)

31,917.2

Market Cap

Above industry Median

1.1

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.

11 Mar 2020

227.98

0.50%

Sector Update - CGD stock correction offers attractive entry point

Buy: Indraprastha Gas Ltd.

Target

Prabhudas Lilladhar

Current price correction provides good entry point given high entry barriers to lucrative markets of Delhi and Mumbai. CGD companies have seen sharp price correction post release of draft policy on open access. While threat of new entrant remains, important clarification on transportation/ compression tariffs to be paid to incumbents is likely to determine the extent of competition going forward. Also, even if the regulations are to move at fast pace, the first volume delivery from new players looks unlikely before FY22 and meaningful impact can be felt by FY25...

Indraprastha Gas Ltd. is trading above all available SMAs

Indraprastha Gas Ltd.

07 Feb 2020

227.98

0.50%

Indraprastha Gas (3QFY20): Growth levers intact. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

We like IGL given (1) Strong volume growth of ~11% CAGR over FY20-22E, (2) Portfolio of mature, semi-mature and new GAs and (3) Pricing power as evident in 3.9% CAGR growth in per unit EBITDA over FY17-9MFY20 to Rs 6.4. Superior operational metrics (~80% CNG+D-PNG volume), strong earnings growth and healthy return ratios compel to value IGL at 25x Dec-21E EPS vs 19/20x for MGL/GGL. We maintain BUY on IGL following a performance in-line with our PAT estimates in 3QFY20. Our target price is Rs 545/sh (25x Dec-21E standalone EPS and 23x Dec-21E MNGL and CUGL) versus the consensus TP of Rs 435.

Indraprastha Gas Ltd. is trading above all available SMAs

Indraprastha Gas Ltd.

07 Feb 2020

227.98

0.50%

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. has gained 26.54% in the last 3 Months

Indraprastha Gas Ltd.

06 Feb 2020

227.98

0.50%

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. is trading above all available SMAs

Indraprastha Gas Ltd.

11 Dec 2019

227.98

0.50%

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, 03:51PM

227.98

0.50%

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 gained 26.54% in the last 3 Months

Indraprastha Gas Ltd.

08 Nov 2019, 12:00AM

227.98

0.50%

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 gained 26.54% in the last 3 Months

Indraprastha Gas Ltd.

07 Nov 2019

227.98

0.50%

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...