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- CNG sales contribute more than 70% of its total sales volume
- Sales volume grew at 9% CAGR in FY17-22
Indraprastha Gas (IGL) is one of India’s largest city gas distribution companies and primarily operates in NCT of Delhi.
Indraprastha Gas (IGL) is one of India’s largest city gas distribution companies and primarily operates in NCT of Delhi.
IGL reported Q4FY22 results that were in line with estimates on the profitability front.
Utilities firm Indraprastha Gas announced Q3FY23 results:
Equity Capital: 7,931.24 Cr FV: 2.00
| Period | MF Net Purchase / (sold) | FII Net |
|---|---|---|
| LAST 1M | 18,014.89 | -11,775.55 |
| LAST 3M | 48,885.55 | -315.90 |
| LAST 6M | 51,016.24 | 146,552.89 |
| LAST 12M | 134,434.58 | 164,088.22 |
| Date | Action Type | Ratio |
|---|---|---|
| Mar 31, 2023 | Dividend | 500 |
| Feb 07, 2023 | Dividend | 150 |
| Sep 15, 2022 | Dividend | 275 |
Indraprastha Gas Ltd. (IGL) is a natural gas distribution company that supplies natural gas as cooking and vehicular fuel to consumers in the domestic, commercial, and transport sectors. It was incorporated in 1998, with its headquarters in New Delhi. During the June 2022 quarter, IGL posted a total income of Rs 3,224.59 crore, up 30.01% from the previous March 2022 quarter. On 30 August 2022, the company’s market capitalisation stood at Rs 29,337 crore.
The company is listed on the Bombay Stock Exchange with the code 532514, and on the National Stock Exchange with the code IGL.
In 1999, Indraprastha Gas Ltd. took over Delhi City Gas Distribution Project from GAIL (India) Ltd. The company aims to provide natural gas to the entire capital region with the support of its promoters—Bharat Petroleum Corporation Ltd. and GAIL (India) Ltd. The commercial and domestic sectors use natural gas as Piped Natural Gas (PNG), the transport sector uses it as Compressed Natural Gas (CNG), and the industrial establishments use it as R-LNG.
On 30 June 2022, the company’s shareholding pattern indicated a 12.88% public stake, a 20.34% foreign institutional investor stake, a 21.79% domestic institutional investor stake, and a 45% promoter stake. The promoters, Bharat Petroleum Corporation Ltd. and GAIL (India) Ltd., have a 22.5% share each. In the June 2022 quarter, mutual fund holdings decreased from 8.28% to 7.77%, while FII holdings increased from 19.88% to 20.34%.
Indraprastha Gas Ltd.’s leadership team consists of Shri Arun Kumar Singh, Shri Sanjay Kumar, Shri Pawan Kumar, Shri R K Jain, Shri Ramesh Narain Misra, Shri Rajib Sekhar Sahoo, Shri Deepak Mishra, Shri Ashish Kundra, and Smt Saroj Bala. Datta Singla & Co. are the company’s auditors. The bankers include Canara Bank, State Bank of India, Kotak Mahindra Bank Ltd., Axis Bank Ltd., IDBI Bank Ltd., and HDFC Bank Ltd.
The company’s share closed at Rs 419.25 on BSE on 30 August 2022. Indraprastha Gas Ltd.’s share price on NSE closed at Rs 419.10. The 52-week high share price for Indraprastha Gas Ltd. was Rs 602.05, and the 52-week low for Indraprastha Gas Ltd.’s share price was Rs 321.
Indraprastha Gas Ltd. competes with Adani Total Gas Ltd., GAIL India Ltd., Gujarat Gas Ltd., and Mahanagar Gas Ltd. on the stock exchange.
Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose
IGL Bhawan Plot No 4 Community, Centre Sector 9 R K Puram, New Delhi, New Delhi, 110022
| Tel | : | 91-11-46074607 |
| : | investors:igl.co.in | |
| Website | : | http://www.iglonline.net |
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| AGM Date (Month) | : | Sep |
| Face Value Equity Shares | : | 2 |
| Market Lot Equity Shares | : | 1 |
| BSE Code | : | 532514 |
| NSE Code | : | IGL |
| Book Closure Date (Month) | : | Sep |
| BSE Group | : | A |
| ISIN | : | INE203G01027 |
FAQ’s on Indraprastha Gas Ltd SharesYou can buy Indraprastha Gas Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Indraprastha Gas Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Sep 28, 2023 01:49 PM the closing price of Indraprastha Gas Ltd was ₹ 451.85.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Sep 28, 2023 01:49 PM, the market cap of Indraprastha Gas Ltd stood at ₹ 31,629.55.
The latest PE ratio of Indraprastha Gas Ltd as of Sep 28, 2023 01:49 PM is 18.93
The latest PB ratio of Indraprastha Gas Ltd as of Sep 28, 2023 01:49 PM is 0.25
The 52-week high of Indraprastha Gas Ltd is ₹ 515.70 while the 52-week low is ₹ 364.25
According to analyst recommendations, Indraprastha Gas Ltd has a “Buy” rating for the long term.
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