NSE: IGL | BSE: 532514

Mid-range Performer

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206.66 -7.73 (-3.61%)

27.53% Fall from 52W High

3.6M NSE+BSE Volume

NSE 30 May, 2025 3:31 PM (IST)

28,932.4

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.

25 May 2019

206.66

-3.61%

Q4FY19 Result Update

Buy: Indraprastha Gas Ltd.

Prabhudas Lilladhar

conversion and new bus addition in Delhi will drive earnings. Also, report of ban on competing industrial fuel is a major positive. Reiterate BUY with a three-year DCF-based PT of Rs360. Stellar volume growth remain the highlight: Indraprastha Gas' (IGL's) Q4FY19 volume momentum remains intact- overall sales volume growth was at 564mscm (17% YoY). Q4 EBITDA and PAT of Rs3.3bn (PLe: Rs3.3bn; +14%YoY) and Rs2.25bn (PLe: Rs2.13; +29% YoY). For FY19, EBIDTA and PAT was at Rs12.5bn (+12%YoY) and Rs7.9bn (+17%YoY)...

Indraprastha Gas Ltd. has gained 26.38% in the last 6 Months

Indraprastha Gas Ltd.

25 May 2019

206.66

-3.61%

Indraprastha Gas (BUY): Volumes surge but margins remain flat

Buy: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

Indraprastha Gas' (IGL) Q4FY19 consolidated earnings were in line at Rs 2.4bn (+24% YoY). IGL's core volumes at 6.3mmscmd (+17% YoY) outperformed our estimate of 5.9mmscmd, driven by a surge in CNG (+15% YoY) and industrial PNG (+30% YoY). However, EBITDA underperformed at Rs 5.9/scm, as the company prioritises volume expansion over margins. We cut FY20/FY21 earnings by 10.6%/12.3% as we trim margins. Our DCF-based...

Indraprastha Gas Ltd. has gained 26.38% in the last 6 Months

Indraprastha Gas Ltd.

24 May 2019

206.66

-3.61%

Increased volumes offset by lower EBITDA/scm

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

EBITDA increased 20% YoY (+4% QoQ) to INR3.3b (our estimate of INR3.4b) in 4QFY19, led by higher volume growth. However, EBITDA/scm declined marginally to INR5.9 (our estimate: INR6.3, 4QFY18: INR5.7; 3QFY19: INR5.9) due to higher costs. Notably, IGL did not take any price hike in the quarter. Increased other income, though, led to higher-than-expected PAT of INR2.3b (+29% YoY; our estimate: INR2.2b). Volumes increased 17% YoY (+6% QoQ) to 6.3mmscmd (5% beat). CNG volumes were at 4.6mmscmd (+16% YoY, +5% QoQ), while PNG volumes...

Indraprastha Gas Ltd. is trading above its 150 day SMA of 195.8

Indraprastha Gas Ltd.

09 Apr 2019

206.66

-3.61%

First Light: Weekly Eco Wrap, Indraprastha Gas

Buy: Indraprastha Gas Ltd.

Recommendation

BOB Capital Markets Ltd.

Global growth showed signs of respite with manufacturing activity improving in both US and China. It may not last long. Global services PMI also improved in Mar'19. This along with prospects of US-China trade deal and rising crude prices (up 3% to US$ 70/bbl) led to higher yields. Equity indices also went up. RBI's dovish outlook to boost growth through lower real rates supported domestic markets. INR depreciated amidst FII outflows. RBI's second...

Indraprastha Gas Ltd. has an average target of 205.25 from 7 brokers.

Indraprastha Gas Ltd.

08 Apr 2019

206.66

-3.61%

Indraprastha Gas (BUY): MNGL management meet takeaways

Sell: Indraprastha Gas Ltd.

Recommendation

BOB Capital Markets Ltd.

We met the management of Maharashtra Natural Gas (MNGL), where Indraprastha Gas (IGL) owns 50% stake. Key takeaways: Surge in volumes from existing areas of operations: MNGL's volumes from existing areas (primarily Pune city/Chakan) are currently trending at ~0.85mmscmd (+40% YoY), dominated by CNG (63% of total volumes). MNGL has commissioned ~20 new CNG stations in FY19 (taking the count to 72), and plans to ramp up the station count to 100 by FY22 in existing areas. Similarly, domestic PNG volumes have ample scope for expansion. MNGL sees...

Indraprastha Gas Ltd. has an average target of 205.25 from 7 brokers.

Indraprastha Gas Ltd.

28 Mar 2019

206.66

-3.61%

First Light: Indraprastha Gas

Buy: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

Key takeaways from our meeting with the Indraprastha Gas (IGL) management: (a) volume growth to sustain at >10% CAGR over FY18-FY21, (b) volume flows from four new areas won in the 9th/10th CGD bid rounds could commence from H2FY20, and (c) capex intensity to increase as demand traction improves. Recent price levels indicate EBITDA margin expansion (to ~Rs 7/scm) from Q4FY19 which, if sustained, may carry earnings upgrade potential. We raise our target price to Rs 360 (from Rs 350) as we roll over to Mar'20....

Geojit BNP Paribas downgraded Indraprastha Gas Ltd. to Sell with a price target of 191.0 on 23 May, 2025.

Indraprastha Gas Ltd.

27 Mar 2019

206.66

-3.61%

Indraprastha Gas (BUY): Volume growth traction looks sustainable

Buy: Indraprastha Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Indraprastha Gas Ltd. has an average target of 205.25 from 7 brokers.

Indraprastha Gas Ltd.

27 Feb 2019

206.66

-3.61%

Oil & Gas: 10th CGD bidding round ends key wins for GAIL, IGL, GUJGA

Sell: Indraprastha Gas Ltd.

BOB Capital Markets Ltd.

10th CGD bidding round ends key wins for GAIL, IGL, GUJGA PNGRB recently concluded the 10th round of CGD bidding that offered 50 geographical areas (GA), taking the cumulative count to 130 GAs awarded across India within a year. Given the strategic nature of ~20 GAs won by GAIL Gas, IGL and GUJGA that complement their infrastructure presence, these players could see significant volume ramp-up over 2-3 years. OMCs take the lead: OMCs and their JVs have won 21 of the 50 GAs bid out by PNGRB in the recently concluded 10th CGD round. This isn't surprising as...

Indraprastha Gas Ltd. is trading above its 150 day SMA of 195.8

Indraprastha Gas Ltd.

08 Feb 2019

206.66

-3.61%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported Q3FY19 numbers that were largely in line with our estimates on the operational front. Revenues increased 27.4% YoY to | 1508.4 crore, marginally above our estimate of | 1489.9 crore on account of higher volumes. Volumes at 5.9 mmscmd were marginally above our estimate of 5.8 mmscmd. While CNG volumes were at 4.4 mmscmd, PNG volumes were at 1.5 mmscmd Gross margins came in below our estimates at | 11/scm (our estimate: | 11.4/scm). However, lower-than-expected other expenses...

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

Indraprastha Gas Ltd.

07 Feb 2019

206.66

-3.61%

Indraprastha Gas (3QFY19): Growth momentum rages on. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Our SOTP target is Rs 381/sh (25x FY20E standalone core EPS + 23x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 3QFY19 revenue came in at Rs 15.08bn, up 27.4% YoY led by 12.2% YoY increase in volumes to 5.90mmscmd and 13.6% YoY increase in realisation to Rs 27.8/scm. EBITDA stood at Rs 3.18bn up 20.8% YoY on account of expansion in per unit margin up 7.7% YoY to Rs 5.9/scm. APAT came in at Rs 1.98bn (+19.3% YoY).

Indraprastha Gas Ltd. is trading above its 150 day SMA of 195.8

Is Indraprastha Gas Ltd. worth buying?

725 Votes:

Buy 81.52%

Sell 10.62%

Hold 7.86%

RESEARCH REPORTS

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