MarketFriction

Indraprastha Gas Ltd

NSE IGL · BSE 532514 · LPG/CNG/PNG/LNG Supplier
₹142.79 -1.94%
NSE close2026-10-01
52 week range139.20 - 223.50
Market cap₹19,883 Cr.
P/E14.6
Nifty 500Nifty Smallcap 50Nifty Smallcap 100Smallcap 250Nifty EnergyNifty Oil & Gas Price band 20% Delivery 44.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales3,4593,5563,5973,5173,6983,7593,9483,9144,0234,0684,1634,587
Expenses2,8022,9943,0762,9403,1633,3973,4553,4033,5823,5973,7424,293
Operating Profit657562521576535362493511441471421294
OPM %19%16%14%16%14%10%12%13%11%12%10%6%
Other Income152140161157174170202164178167166159
Interest223222433283
Depreciation102102111114119122121124128132133137
Profit before tax704599569617588408570548488503447312
Tax %22%21%24%22%23%20%20%22%21%22%24%24%
Net Profit553475433480454325453428385392339238
EPS in Rs3.953.403.103.443.252.333.253.062.762.812.431.72
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,6863,8154,5355,7656,4854,9417,71014,13314,00014,91316,16816,840
Expenses2,9102,8513,4094,5064,9493,4465,81612,08911,61212,93414,29115,213
Operating Profit7759641,1261,2591,5361,4951,8942,0442,3881,9791,8761,627
OPM %21%25%25%22%24%30%25%14%17%13%12%10%
Other Income78108153213293240401469596706661669
Interest101222022252728263516
Depreciation156167181201252290317363414476518531
Profit before tax6879041,0961,2691,5561,4221,9532,1222,5422,1831,9851,749
Tax %33%33%34%34%20%18%23%23%22%22%22%
Net Profit4586067228421,2491,1731,5021,6401,9831,7131,5441,354
EPS in Rs3.274.335.166.028.928.3810.7311.7114.1812.2711.079.72
Dividend Payout %18%20%19%20%16%21%26%56%32%57%43%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth16%27%5%10%
Compounded Profit Growth12%5%-3%-18%
Stock Price CAGR6%-12%-15%-32%
Return on Equity19%18%17%13%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital140140140140140140140140140140280280
Reserves1,9752,4302,8723,5074,1765,2186,1947,4467,7919,49310,33611,224
Borrowings14500009611310883819398
Other Liabilities8338821,1861,4531,8712,0942,6063,4134,6144,5104,8805,432
Total Liabilities3,0933,4524,1985,1006,1877,5489,05411,10712,62814,22515,59017,035
Fixed Assets1,9562,0192,1172,4322,8773,5574,3215,0025,7346,6037,1928,053
CWIP2542673523864787778471,3791,4341,3961,5431,534
Investments3083277841,3161,7786302,2882,6261,5222,2222,9263,175
Other Assets5758399459661,0542,5841,5982,1013,9394,0033,9294,273
Total Assets3,0933,4524,1985,1006,1877,5489,05411,10712,62814,22515,59017,035
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity6646539468791,1571,3611,5461,8982,2311,5322,1841,936
Cash from Investing Activity-364-175-1,114-717-1,121-521-1,826-1,585-841-1,103-1,504-1,211
Cash from Financing Activity-327-256-160-84-169-243-297-328-1,359-316-754-699
Net Cash Flow-27223-32878-133597-577-1531113-7425
Free Cash Flow4494226754094763986635611,1093031,019588
CFO/OP106%108%126%107%121%111%123%120%133%85%130%124%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days232519181410192523271721
Inventory Days71010865842222
Days Payable302648503522696532373132
Cash Conversion Cycle19-19-23-15-7-41-37-6-8-12-9
Working Capital Days-36-32-62-67-75-83-144-115-79-72-80-80
ROCE %29%32%32%30%31%24%27%27%28%21%18%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%45.00%
FIIs20.94%17.91%16.81%16.16%19.29%14.32%14.67%16.82%17.21%17.00%17.08%10.16%
DIIs21.06%22.74%24.22%25.10%23.18%26.12%26.18%23.99%24.08%24.17%23.25%30.02%
Government5.18%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%5.00%
Public7.83%9.36%8.96%8.74%7.53%9.55%9.15%9.19%8.71%8.83%9.65%9.81%
No. of Shareholders2,70,6873,16,3402,96,5692,90,3782,60,8673,44,9093,52,1613,59,6663,44,5393,45,2053,65,4783,67,377

Fundamentals

Market Cap₹ 19,883 Cr.
Current Price₹ 142
Stock P/E14.6
Book Value₹ 82.2
ROCE17.5 %
ROE13.3 %
Dividend Yield3.34 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)10%
Compounded Profit Growth (TTM)-18%
Consolidated figures.
Valuation
Market capRs 19,991 Cr
Enterprise valueRs 17,162 Cr
P/E (TTM)14.69x
Price to book1.74x
Price to sales1.19x
EV / EBITDA7.47x
EV / EBIT9.72x
EV / sales1.02x
Price to cash flow10.33x
Earnings yield6.81%
Dividend yield3.33%
P/E, 3-year average12.44x
P/B, 3-year average2.01x
P/E, 5-year average11.03x
P/B, 5-year average1.93x
Profitability
Operating margin (excl. other income)11.61%
Operating margin (incl. other income)15.69%
EBITDA margin13.64%
Pre-tax margin10.39%
Net profit margin8.08%
Net margin, latest quarter5.24%
ROE14.01%
ROCE18.10%
ROA9.50%
ROE, 3-year average17.86%
ROCE, 3-year average22.91%
ROA, 3-year average11.94%
ROE, 5-year average19.26%
ROCE, 5-year average24.81%
ROA, 5-year average12.91%
ROIC (approx.)15.82%
Tax rate22.25%
Other income / net worth5.75%
Growth
Sales growth (latest year)8.42%
Profit growth (latest year)-9.79%
Sales CAGR, 3 years4.59%
Sales CAGR, 5 years26.76%
Profit CAGR, 3 years-1.86%
Profit CAGR, 5 years5.74%
Sales growth QoQ10.19%
Profit growth QoQ-29.40%
Sales growth YoY (latest quarter)17.19%
Profit growth YoY (latest quarter)-43.97%
Per share
EPS (TTM)Rs 9.72
EPS (latest year)Rs 11.07
EPS (latest quarter)Rs 1.72
EPS, 3-year averageRs 17.23
EPS, 5-year averageRs 19.32
Book value per shareRs 82.17
Sales per shareRs 120.29
Cash flow per shareRs 13.83
Free cash flow per shareRs 4.20
Dividend per share (latest year)Rs 4.75
Dividend per share, 3-year averageRs 6.92
Dividend per share, 5-year averageRs 7.85
Dividends
Dividend payout42.91%
Dividend payout, 3-year average43.90%
Dividend payout, 5-year average42.57%
Efficiency
Asset turnover0.95x
Fixed asset turnover2.01x
Inventory turnover202.26x
Inventory days2 days
Debtor days21 days
Debtors turnover17.57x
Creditor days32 days
Cash conversion cycle-9 days
Working capital days-80 days
Leverage
Total debtRs 98 Cr
Cash and bankRs 2,926 Cr
Net debtRs -2,828 Cr
Debt to equity0.01x
Net debt / EBITDA-1.23x
Interest coverage108.44x
Current ratio (filing 2026-03-31)1.16x
Quick ratio (filing 2026-03-31)1.15x
Trade payables (filing 2026-03-31)Rs 1,069 Cr
Owners' fund to total sources67.54%
Debt to assets0.57%
Cash flow
Cash from Operating Activity (latest year)Rs 1,936 Cr
Cash from Investing Activity (latest year)Rs -1,211 Cr
Cash from Financing Activity (latest year)Rs -699 Cr
Net Cash Flow (latest year)Rs 25 Cr
Free cash flow (latest year)Rs 588 Cr
FCFE (approx.: FCF + change in debt)Rs 592 Cr
Cash from ops / profit, 5 years1.17x
Sales to cash flow8.35x
Statement figures
Net sales (TTM)Rs 16,840 Cr
Net sales (latest year)Rs 16,168 Cr
Sales (latest quarter)Rs 4,587 Cr
Operating profit excl. other income (latest year)Rs 1,876 Cr
Operating profit (latest quarter)Rs 294 Cr
Other income (TTM)Rs 669 Cr
EBITDA (TTM)Rs 2,296 Cr
PBDT (TTM)Rs 2,280 Cr
Profit before tax (TTM)Rs 1,749 Cr
Tax (latest year)Rs 442 Cr
Net profit (TTM)Rs 1,361 Cr
Net profit (latest year)Rs 1,550 Cr
Net profit (latest quarter)Rs 240 Cr
Depreciation (TTM)Rs 531 Cr
Depreciation (latest quarter)Rs 137 Cr
Interest (TTM)Rs 16 Cr
Cost of goods sold (latest year)Rs 13,558 Cr
Total expenditure (latest year)Rs 14,291 Cr
Total income (latest year)Rs 16,829 Cr
Share capitalRs 280 Cr
ReservesRs 11,224 Cr
Shareholders' fundsRs 11,504 Cr
Total assetsRs 17,035 Cr
Net blockRs 8,053 Cr
Capital work in progressRs 1,534 Cr
InvestmentsRs 3,175 Cr
ReceivablesRs 920 Cr
InventoryRs 67 Cr
Other liabilitiesRs 5,432 Cr
Shares outstanding (crore)140.00
Ownership
Promoter holding45.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 14.7 is at the 7th percentile of its own 9.4-year range (median 22.4, low 11.5, high 42.2).
P/B 1.74 is the lowest in 9.4 years (median 4.43).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodIGLNifty 50Difference
1 week-2.0%-2.8% +0.8 pts
1 month-4.7%-6.8% +2.1 pts
3 months-7.3%-7.6% +0.3 pts
6 months-1.9%+0.4% -2.3 pts
1 year-30.3%-9.9% -20.4 pts
2 years-47.8%-13.6% -34.2 pts
3 years-37.2%+14.2% -51.4 pts
5 years-46.1%+27.9% -74.0 pts
77 mutual fund schemes hold about ₹3,537 Cr. Over three months 10 bought more and 34 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Parag Parikh Flexi Cap Fund1.17%1,731 +16%
HDFC Mid Cap Fund0.71%770 -8%
SBI Energy Opportunities Fund2.02%168 +3%
HDFC Large & Mid Cap Fund0.42%128 -5%
SBI PSU Fund1.59%107 -2%
Bandhan Large & Mid Cap Fund0.49%102 -12%
HDFC Balanced Advantage Fund0.09%98 -2%
HDFC Manufacturing Fund0.60%64 -5%
Aditya Birla SL PSU Equity Fund0.77%47 -2%
Nippon India Value Fund0.36%33 -2%
Parag Parikh ELSS Tax Saver Fund0.47%27 -2%
HDFC Dividend Yield Fund0.43%24 -0%
Bandhan Flexi Cap Fund0.24%18 +288%
DSP Natural Res & New Energy Fund0.69%18 -8%
DSP Natural Res & New Energy Fund0.69%17 -8%
Nippon India Nifty Smallcap 250 Index Fund0.48%17 -5%
ICICI Pru Energy Opportunities Fund0.19%16 -66%
JioBlackRock Flexi Cap Fund0.47%15 -49%
HDFC Infrastructure Fund0.48%11 -46%
ICICI Pru Small Cap Fund0.11%11 -6%
ICICI Pru Small Cap Fund0.11%11 -6%
HDFC Multi Asset Allocation Fund0.17%11 -4%
Axis Nifty Smallcap 50 Index Fund1.28%9 -9%
SBI Nifty Smallcap 250 Index Fund0.48%9 -5%
Bandhan Multi Cap Fund0.24%8 +140%

Red flags

F-score 5 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹4,587 Cr +17.2% vs Jun 2025. Net profit ₹238 Cr -44.4%.

Activity

Compare
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Confidence Petroleum India Ltd2,89821.59.23 %
IRM Energy Ltd1,09815.08.63 %
Axiom Gas Engineering Ltd17218.232.1 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-10-01Dividend - Rs 1.50 Per Share
2026-02-18Interim Dividend - Rs 3.25 Per Share
2025-09-15Dividend - Rs 1.50 Per Share
2025-01-31Bonus 1:10.5000
2024-11-12Interim Dividend - Rs 5.50 Per Share
2024-09-13Annual General Meeting/Dividend - Rs 5 Per Share
2023-11-15Interim Dividend - Rs 4 Per Share
2023-03-31Interim Dividend - Rs 10 Per Share
2023-02-07Interim Dividend - Rs 3 Per Share
2022-09-15Annual General Meeting/Dividend - Rs 5.50 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 3.60 Per Share
2020-09-17 Annual General Meeting/Dividend - Rs 2.80 Per Share
2019-09-12 Annual General Meeting/Dividend - Rs 2.40 Per Share
2018-09-14 Annual General Meeting/Dividend Rs 2 Per Share
2017-11-09 Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2017-09-18 Annual General Meeting/Dividend - Rs 5 Per Share
2016-11-29 Interim Dividend Rs 3.50 Per Share
2016-09-16 Annual General Meeting/ Dividend - Rs 6/- Per Share
2015-09-09 Dividend-Rs 6 Per Share
2014-09-02Annual General Meeting / Dividend - Rs 5.50/- Per Share
2013-08-20Annual General Meeting/Dividend Rs 5.50/- Per Share
2012-07-24Annual General Meeting/ Dividend Rs 5/- Per Share
2012-04-10Inferred from price: close fell to 0.661x overnight, no NSE action on record0.6667
2011-07-19Dividend-Rs.5/- Per Share
2010-08-17Annual General Meeting And Dividend Rs.4.50 Per Share
2009-07-20Agm/Div-Rs.4/- Per Share
2008-07-14Agm/Dividend - 40%
2007-09-04Agm/Dividend-30%
2006-09-04Agm/Dividend-25%
DateTypeWhat it says
2026-09-25Shareholder meetingVoting results.
2026-09-24Shareholder meetingProceedings of Annual General Meeting held on September 24, 2026
2026-09-15Concall / analyst meetSchedule of meet
2026-09-08General UpdatesAppointment of Statutory Auditor by Comptroller and Auditor General of India for FY 2026-27
2026-09-02General UpdatesBusiness Responsibility and Sustainability Report
2026-09-02General UpdatesNotice of 27th Annual General Meeting to be held on 24 September 2026 and record date for the purpose of final dividend for FY 2025-26.
2026-09-02Record DateRecord date for the purpose of Final Dividend for FY 2025-26 is 01-Oct-2026.
2026-09-02Shareholder meetingNotice of Annual General Meeting to be held on September 24, 2026 and Record Date for the purpose of Final Dividend for FY 2025-26.
2026-08-21Shareholder meetingVoting results.
2026-08-19Concall / analyst meetTranscript of Conference Call held on August 14, 2026.
2026-08-15Concall / analyst meetLink of Recording
2026-08-13Board meeting outcomeIndraprastha Gas Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetConference Call to discuss the Unaudited Financial Results for the quarter ended June 30, 2026.
2026-07-09Change in ManagementChange in Senior Management
2026-07-08Shareholder meetingNotice of Postal Ballot
2026-06-05Director changeChange in Director(s) of the company.
2026-06-01Change in ManagementChange in Senior Management
2026-05-22Shareholder meetingIndraprastha Gas Limited has submitted the Exchange a copy Scrutinizers report of Postal Ballot and e-voting results.
2026-05-19Concall / analyst meetLink of Recording
2026-05-18Change in ManagementChange in Key managerial personnel - CFO
2026-05-18Board meeting outcomeIndraprastha Gas Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-14Concall / analyst meetA Conference Call to discuss Audited Financial Results for quarter/year ended March 31, 2026.
2026-04-22Disclosure under SEBI TakeovBharat Petroleum Corporation Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of...
2026-04-13Shareholder meetingNotice of Postal Ballot
2026-04-06Reply to Clarification- FinaThe Exchange had sought clarification from Indraprastha Gas Limited for the quarter ended 31-Dec-2025 with respect to Regulation 33 of the SEBI (Listi...
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2021-02-15NCLTM/s Shanivi Construction Pvt Ltd Vs M/s Indraprastha Gas Ltd
2021-02-03NCLTM/s Shanivi Construction Pvt Ltd Vs M/s Indraprastha Gas Ltd
2021-01-08NCLTM/s Shanivi Construction Pvt Ltd Vs M/s Indraprastha Gas Ltd
2017-11-14CESTATDELHI-II ---VS.--- INDRAPRASTHA GAS LIMITED
2017-06-30CESTATINDRAPRASTHA GAS LTD ---VS.--- DELHI-II
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Indraprastha Gas Ltd?

Indraprastha Gas Ltd (IGL) has a market capitalisation of Rs 19,883 Cr. at the 2026-10-01 close.

What is the P/E ratio of Indraprastha Gas Ltd?

Indraprastha Gas Ltd trades at a P/E of 14.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Indraprastha Gas Ltd's latest quarterly results?

In the Jun 2026 quarter, Indraprastha Gas Ltd sales was Rs 4,587 Cr (+17.2% vs Jun 2025) and net profit was Rs 238 Cr.

What is the 52-week high and low of Indraprastha Gas Ltd?

The 52-week high is Rs 223.50 and the 52-week low is Rs 139.20.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03