NSE: IGL | BSE: 532514

Mid-range Performer

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213.67 -0.80 (-0.37%)

High volume today

NSE 10 Jun, 2025 3:31 PM (IST)

29,913.8

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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.

12 Aug 2018

213.67

-0.37%

Indraprastha Gas Ltd (IGL) reported EBITDA/PAT of Rs2.95/Rs1.76bn in Q1FY19, up 7%/1% qoq...

Accumulate: Indraprastha Gas Ltd.

Emkay

Q1FY19 performance: IGL's volume continues to be robust with PNG driving growth. Domestic PNG sales grew by 13% yoy and third-party trading by 11% yoy, driven by aggressive household additions and higher usage in Gurgaon and Faridabad. Industrial demand was supported by FO/Pet Coke ban pushed by the Courts. However, margin scenario is more challenging on the back of rising gas cost and increase in overheads. With a higher share of Industrial PNG in the volume mix, there is a natural margin dilution pressure. IGL had offsetting revisions between past quarterly revenue and other expenditure, which we believe could be related to OMC commissions. Employee cost was...

Indraprastha Gas Ltd. is trading above all available SMAs

Indraprastha Gas Ltd.

11 Aug 2018

213.67

-0.37%

Indraprastha Gas (1QFY19): Volume growth continues. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Our SOTP target is Rs 441/sh (30x FY20E standalone core EPS + 25x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 1QFY19 revenue came in at Rs 12.87bn, up 22.7% YoY led by 13.2% YoY increase in volumes to 5.55mmscmd and 8.4% YoY increase in realisation to Rs 25.5/scm. Higher domestic gas prices (+18% YoY), RLNG prices and depreciation of rupee had resulted in increase in raw material prices. Raw material prices were up 35% YoY to Rs 7.42bn. Per unit gross margin stood at Rs 10.8/scm, down 42bps YoY and 73bps QoQ.

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

Indraprastha Gas Ltd.

10 Aug 2018, 12:00AM

213.67

-0.37%

IGL

Buy: Indraprastha Gas Ltd.

Recommendation Target

Dolat Capital

IGL volume growth was marginally ahead of our estimates at 5.55 MMSMD as compared to our estimate of 5.53 MMSCMD. Realizations were stable on a sequential basis and the price hike taken for the CNG segment in last week of May 2018 will start reflecting in margins from Q2FY19. Spreads were on expected lines. Considering the outlook on gas prices and currency,...

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

Indraprastha Gas Ltd.

24 May 2018

213.67

-0.37%

Indraprastha Gas (4QFY18): Strong show. Maintain BUY

Buy: Indraprastha Gas Ltd.

Target

HDFC Securities

Our SOTP target is Rs 422/sh (30x FY20E standalone core EPS + 25x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 4QFY18 revenue came in at Rs 12.33bn, up 23.1% YoY led by 11.3% YoY increase in volumes to 5.36mmscmd and 10.5% YoY increase in realisation to Rs 25.6/scm. EBITDA stood at Rs 2.91bn up 26.9% YoY on account of higher gross margin, up 33bps. APAT came in at Rs 1.75 (+30.3% YoY).

Indraprastha Gas Ltd. is trading at high day volume of 7.2M.

Indraprastha Gas Ltd.

24 May 2018

213.67

-0.37%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

ICICI Securities Limited

Indraprastha Gas (IGL) reported Q4FY18 numbers, which were higher than our estimates mainly on account of a better operational performance. Revenues increased 23.1% YoY to | 1232.9 crore above our estimate of | 1198.5 crore on account of higher realisations. Volumes posted growth of 12.4% YoY at 5.4 mmscmd in line with our estimates. While CNG volumes were at 4 mmscmd, PNG volumes came in at 1.4 mmscmd Net realisations were above our estimate at | 27.7/scm (our estimate:...

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

Indraprastha Gas Ltd.

23 May 2018

213.67

-0.37%

EBITDA in-line; strong volume growth continues

Buy: Indraprastha Gas Ltd.

Target

Motilal Oswal

IGL reported EBITDA of INR2.8b (+20% YoY, +11% QoQ), in line with our estimate. During the quarter, the company reversed a provision of INR160m on account of negotiation with OMCs for trade margin payable to them for sale of CNG for the earlier period. Adjusting for that, EBITDA/scm increased to INR5.7 (v/s our estimate of INR5.6; INR5.4 in 3QFY18, INR5.6 in 4QFY17). 23 May 2018 PBT rose 30% YoY (+8% QoQ) to INR2.7b (est. PAT stood at INR1.75b (in-line; +30% YoY, +5% QoQ). CNG volumes grew 10% YoY (+2% QoQ) to 3.

Indraprastha Gas Ltd. is trading above all available SMAs

Indraprastha Gas Ltd.

14 Feb 2018

213.67

-0.37%

Result Update:Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Target

Axis Direct

IGL reported PAT of Rs 1.66 bn (in line with our est. and -4% vs. street). Volumes remained flat QoQ at 484 mcm as recent license awards (Rewari, Karnal, Gurgaon) will take 3-4 years to reach to meaningful contribution of at least 0.5 mcmd each.

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

Indraprastha Gas Ltd.

08 Feb 2018

213.67

-0.37%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Indraprastha Gas (IGL) reported decent set of numbers in Q3FY18. Revenues recorded an increase of 25.1% YoY at | 1183.9 crore slightly above our estimates of | 1155.1 crore. Volumes posted growth of 14.2% YoY at 5.3 mmscmd above our estimates of 5.2 mmscmd. While CNG volumes stood at 3.9 mmscmd (our estimates:...

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

Indraprastha Gas Ltd.

08 Feb 2018

213.67

-0.37%

IGL

Buy: Indraprastha Gas Ltd.

KRChoksey

Indraprastha Gas Ltd. (IGL) reported net profit of INR. 1,659 mln up 14.6% YoY but down 1.7% QoQ. EBITDA/scm was down 6.7% YoY at INR 5.44/scm mainly due to higher gas prices and higher excise duty. EBITDA margins were 20.1% as compared to 22.6% in Q2FY18. Blended average realization has increased by 4.2% QoQ and 9.4% YoY to INR 27.03/SCM. The company registered an overall sales volume growth of 14% YoY with the average daily sales at 4.2 mmscmd. Product-wise, CNG witnessed a volume growth of 11% YoY from 231 scm to 257 scm while PNG recorded a volume growth of 21% YoY from 104 scm to 126 scm. The other income grew by 113.6% YoY and 30.4% QoQ to INR 3,255 mln thus boosting a...

Indraprastha Gas Ltd. is trading at high day volume of 7.2M.

Indraprastha Gas Ltd.

07 Feb 2018

213.67

-0.37%

Indraprastha Gas (3QFY18): Volume momentum intact. Maintain BUY

Buy: Indraprastha Gas Ltd.

HDFC Securities

Our SOTP target is Rs 421/sh (30x FY20E standalone core EPS + 25x CUGL/MNGL EPS share to IGL). Maintain BUY. IGLs 3QFY18 revenue came in at Rs11.84bn, up 25.6% YoY and 5.1% QoQ led by 14.2% YoY increase in volumes to 5.26mmscmd. EBITDA stood at Rs 2.63bn up 6.5% YoY and down 6.6% QoQ. EBITDA margin was at Rs 5.4/scm (-39bps YoY, -43bps QoQ) owing to higher APM and RLNG prices and higher opex. The company has taken price hike during the quarter; however it was inadequate to compensate the increase in gas prices. APAT came in at Rs1.66 (+14.6% YoY), owing to higher other income at Rs 326mn (+113.6% YoY).

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

Is Indraprastha Gas Ltd. worth buying?

726 Votes:

Buy 81.54%

Sell 10.61%

Hold 7.85%

RESEARCH REPORTS

Sell SEE REPORTS >

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Buy SEE REPORTS >

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