NSE: IGL | BSE: 532514

Mid-range Performer

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210.39 -2.49 (-1.17%)

26.23% Fall from 52W High

4.8M NSE+BSE Volume

NSE 23 Jul, 2025 3:31 PM (IST)

29,454.6

Market Cap

Above industry Median

1.1

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.

Indraprastha Gas Ltd.

26 Aug 2020

210.39

-1.17%

IGL

Buy: Indraprastha Gas Ltd.

Target

Dolat Capital

IGL volume at 2.71 MMSCMD (down 56.6% YoY) with realizations of Rs 25.6 per SCM (down 7.1% YoY) was below our estimates. Volumes in CNG segment took a bigger hit followed by de-growth in...

Indraprastha Gas Ltd.'s price crossed below 50Day SMA today

Indraprastha Gas Ltd.

19 Jun 2020

210.39

-1.17%

Indraprastha Gas

Hold: Indraprastha Gas Ltd.

Recommendation Target

ICICI Securities Limited

IGL's volumes declined marginally YoY to 6.2 mmscmd during the quarter on account of CNG volume de-growth. CNG sales volume fell 2.5% YoY to 4.5 mmscmd (our estimate: 4.3 mmscmd) due to travel restrictions imposed in the last week of March. On the PNG front, volumes increased 4.9% YoY to 1.7 mmscmd in line with our estimates. Domestic PNG segment reported 17% YoY growth while industrial/commercial PNG segment grew 9% YoY. CNG & industrial/commercial PNG volumes in H1FY21E are likely to stay subdued due to extended lockdown in April & May. We estimate volume...

Indraprastha Gas Ltd. is trading above its 200 day SMA of 202.8

Indraprastha Gas Ltd.

18 Jun 2020

210.39

-1.17%

Indraprastha Gas (SELL): Volume concerns worsen downgrade to SELL

Sell: Indraprastha Gas Ltd.

Recommendation Target

BOB Capital Markets Ltd.

Indraprastha Gas' (IGL) Q4FY20 EBITDA was in line at Rs 3.8bn (+13.7% YoY).

Indraprastha Gas Ltd. is trading above its 200 day SMA of 202.8

Indraprastha Gas Ltd.

18 Jun 2020

210.39

-1.17%

CNG volumes sway amidst COVID-19 crisis

Neutral: Indraprastha Gas Ltd.

Target

Motilal Oswal

18 June 2020 Volumes were lower 1% YoY at 6.2mmscmd. CNG volumes were down 3% YoY to 4.49mmscmd while PNG volumes were up 5% YoY to 1.74mmscmd (primarily led by higher cooking gas usage). EBITDA/scm was also lower than est. INR7); thus, reported EBITDA came in at INR3.8b (v/s est. Lower other income resulted in PBT of INR3.4b (+3% YoY). Tax rate for the quarter stood at 25.4%, clocking PAT of INR2.

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

Indraprastha Gas Ltd.

17 Jun 2020

210.39

-1.17%

Q4FY20 Result Update - Solid performance in a tough environment - BUY

Buy: Indraprastha Gas Ltd.

Target

Prabhudas Lilladhar

in CNG volumes. Recent CNG price hike and low gas prices to support margin. We tweak our FY21/22 earnings estimate to factor in lower volumes as well as higher margins; (IGL's five year EBIDTA CAGR at ~18% with margins growing at 5% and volumes at 12% CAGR). IGL remains an enviable business model with high volume growth due to geographical expansion and addition of new buses and taxis. Also, shift to private vehicle ownership post Covid pandemic will subsequently drive CNG volumes. IGL remains a play on rising pollution concerns as ban on competing industrial fuel is a major positive....

Indraprastha Gas Ltd.'s price crossed below 50Day SMA today

Indraprastha Gas Ltd.

31 Mar 2020

210.39

-1.17%

Indraprastha Gas

Buy: Indraprastha Gas Ltd.

Recommendation Target

ICICI Securities Limited

Crude prices witnessed a sharp decline in March due to spread of Covid-19 across the globe and Opec deal failure. A likely increase in oil output by both Saudi Arabia and Russia from Q1FY21E and lower demand are expected to lead to a sizeable oversupply in the oil market. Subsequent low oil prices are expected to significantly affect ONGC's profitability....

Indraprastha Gas Ltd.'s price crossed below 50Day SMA today

Indraprastha Gas Ltd.

11 Mar 2020

210.39

-1.17%

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. has an average target of 205.25 from 7 brokers.

Indraprastha Gas Ltd.

07 Feb 2020

210.39

-1.17%

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.'s price crossed below 50Day SMA today

Indraprastha Gas Ltd.

07 Feb 2020

210.39

-1.17%

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...