Indraprastha Gas

₹462.7 0.5 | 0.1%

WEBSITE BSE:532514 NSE : INDRA GAS 09 Jun, 13:32

Market Cap ₹32281 Cr.

Stock P/E 19.8

P/B 4.1

Current Price ₹462.7

Book Value ₹ 113.3

Face Value 2

52W High ₹515.6

Dividend Yield 2.82%

52W Low ₹ 335.1

Edit Ratio

Indraprastha Gas Research see more...

Overview Inc. Year: 1998Industry: Industrial Gases & Fuels

Indraprastha Gas Ltd (IGL) is an India-based city gas distribution corporation. The Company's business consists of sale of natural gas. The Company is focused on business and industrial commercial enterprise. The Company substances compressed natural gas (CNG) to the delivery zone and piped natural gasoline (PNG) to the home, commercial and commercial sectors in Delhi and the National Capital Region (NCR). The Company gives PNG, which incorporates methane-CH4, in addition to different hydrocarbons. The Company offers CNG, a gaseous fuel that includes a combination of hydrocarbons, ordinarily methane. The operations of the Company are spread over NCT of Delhi, Noida, Greater Noida, Ghaziabad and Hapur, Gurugram, Meerut, Shamli, Muzaffarnagar, Karnal, Rewari, Kanpur, Hamirpur and Fatehpur districts, Kaithal district and Ajmer, Pali and Rajsamand.

Indraprastha Gas Share Price

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Price

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Quarterly Price

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Peer Comparison

Indraprastha Gas Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	1595	1710	1380	2016	2438	2650	3530	3922	4089	4062
Other Income	26	28	30	42	30	74	31	51	56	65
Total Income	1621	1738	1410	2058	2469	2724	3561	3973	4145	4127
Total Expenditure	1094	1219	1000	1486	1969	2149	2913	3395	3661	3595
Operating Profit	527	520	411	572	500	575	648	579	484	532
Interest	3	4	3	3	3	5	2	3	3	3
Depreciation	75	76	78	80	84	75	86	91	92	94
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	449	440	330	489	414	495	560	484	389	435
Provision for Tax	114	109	86	124	105	136	139	127	111	106
Profit After Tax	335	331	244	365	309	359	421	357	278	330
Adjustments	47	44	34	53	66	72	60	70	56	68
Profit After Adjustments	382	375	278	419	375	431	481	427	334	398
Adjusted Earnings Per Share	5.5	5.4	4	6	5.4	6.2	6.9	6.1	4.8	5.7

Indraprastha Gas Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	3681	3686	3815	4535	5765	6485	4941	7710	15603
Other Income	31	24	46	91	128	143	115	177	203
Total Income	3712	3710	3861	4626	5893	6628	5056	7887	15806
Total Expenditure	2883	2907	2845	3412	4497	4953	3447	5817	13564
Operating Profit	829	803	1015	1214	1396	1675	1609	2069	2243
Interest	35	14	7	9	13	20	22	25	11
Depreciation	149	156	167	181	201	252	290	317	363
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0
Profit Before Tax	645	687	904	1096	1269	1557	1422	1953	1868
Provision for Tax	211	229	298	374	427	308	249	451	483
Profit After Tax	434	458	606	722	842	1249	1173	1502	1386
Adjustments	14	0	0	0	0	0	0	0	254
Profit After Adjustments	448	458	606	722	842	1249	1173	1502	1640
Adjusted Earnings Per Share	6.4	6.5	8.7	10.3	12	17.8	16.8	21.5	23.5

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	56%	10%	15%	0%
Operating Profit CAGR	29%	14%	15%	0%
PAT CAGR	28%	21%	20%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	26%	-0%	11%	23%
ROE Average	22%	22%	22%	22%
ROCE Average	28%	29%	30%	30%

Indraprastha Gas Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	2115	2570	3012	3647	4316	5358	6334	7586
Minority's Interest	0	0	0	0	0	0	0	0
Borrowings	145	0	0	0	0	0	0	0
Other Non-Current Liabilities	138	193	223	273	337	391	372	395
Total Current Liabilities	1037	685	959	1176	1531	1795	2344	3121
Total Liabilities	3436	3449	4193	5096	6183	7544	9050	11102
Fixed Assets	1956	2019	2117	2432	2877	3557	4321	5002
Other Non-Current Assets	534	619	746	882	1064	1490	1634	2338
Total Current Assets	946	811	1330	1783	2242	2498	3096	3763
Total Assets	3436	3449	4193	5096	6183	7544	9050	11102

Indraprastha Gas Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	299	231	453	126	204	71	668	90
Cash Flow from Operating Activities	664	653	946	879	1157	1361	1546	1898
Cash Flow from Investing Activities	-364	-175	-1114	-717	-1121	-521	-1826	-1585
Cash Flow from Financing Activities	-327	-256	-160	-84	-169	-243	-297	-328
Net Cash Inflow / Outflow	-27	223	-328	78	-133	597	-577	-15
Closing Cash & Cash Equivalent	272	453	126	204	71	668	90	75

Indraprastha Gas Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	6.4	6.54	8.66	10.31	12.03	17.84	16.75	21.46
CEPS(Rs)	8.32	8.77	11.05	12.9	14.9	21.45	20.9	25.99
DPS(Rs)	1.2	1.2	1.7	2	2.4	2.8	3.6	5.5
Book NAV/Share(Rs)	30.22	36.72	43.02	52.1	61.65	76.54	90.49	108.37
Core EBITDA Margin(%)	19.65	19.17	22.96	22.4	19.93	21.38	27.46	22.31
EBIT Margin(%)	16.75	17.25	21.57	22.02	20.15	22.01	26.55	23.31
Pre Tax Margin(%)	15.9	16.9	21.41	21.85	19.95	21.72	26.14	23.02
PAT Margin (%)	10.69	11.27	14.36	14.39	13.24	17.43	21.56	17.71
Cash Profit Margin (%)	14.35	15.11	18.32	18.01	16.4	20.95	26.9	21.44
ROA(%)	12.63	13.3	15.87	15.54	14.93	18.2	14.13	14.91
ROE(%)	20.52	19.54	21.72	21.68	21.15	25.82	20.06	21.58
ROCE(%)	30.07	29.03	32.63	33.17	32.2	32.6	24.7	28.42
Receivable days	21.15	21.84	19.56	15.56	12.84	9.98	14.47	16.8
Inventory Days	3.68	4.42	4.72	3.79	2.96	2.6	3.24	1.96
Payable days	29.5	28.1	38.12	44.87	35.7	27.33	52.68	50.08
PER(x)	13.1	17.41	23.4	27.05	25.31	21.79	30.49	17.37
Price/Book(x)	2.78	3.1	4.71	5.35	4.94	5.08	5.64	3.44
Dividend Yield(%)	1.43	1.05	0.84	0.72	0.79	0.72	0.7	1.48
EV/Net Sales(x)	1.57	2.04	3.56	4.18	3.59	3.86	7.01	3.21
EV/Core EBITDA(x)	6.98	9.36	13.37	15.62	14.83	14.95	21.53	11.95
Net Sales Growth(%)	0	0.13	3.5	18.89	27.11	12.5	-23.82	56.05
EBIT Growth(%)	0	3.14	29.89	21.28	16.07	22.99	-8.43	36.99
PAT Growth(%)	0	5.51	32.42	19.03	16.68	48.32	-6.12	28.12
EPS Growth(%)	0	2.17	32.42	19.03	16.68	48.32	-6.12	28.12
Debt/Equity(x)	0.07	0	0	0	0	0	0	0
Current Ratio(x)	0.91	1.18	1.39	1.52	1.46	1.39	1.32	1.21
Quick Ratio(x)	0.87	1.1	1.33	1.47	1.43	1.36	1.3	1.19
Interest Cover(x)	19.69	49.62	133.93	129.03	100.55	77.64	65.57	79.89
Total Debt/Mcap(x)	0.02	0	0	0	0	0	0	0

Indraprastha Gas Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	45	45	45	45	45	45	45	45	45	45
FII	23.22	23.8	23.87	21.88	20.23	19.88	20.34	20.99	21.77	21.27
DII	21.08	20.93	19.79	21.05	21.68	21.9	21.79	25.27	24.71	25.46
Public	10.7	10.27	11.34	12.07	13.09	13.22	12.87	8.74	8.53	8.27
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5	31.5
FII	16.25	16.66	16.71	15.32	14.16	13.92	14.24	14.69	15.24	14.89
DII	14.75	14.65	13.86	14.74	15.17	15.33	15.25	17.69	17.29	17.82
Public	7.49	7.19	7.93	8.45	9.17	9.25	9.01	6.12	5.97	5.79
Others	0	0	0	0	0	0	0	0	0	0
Total	70	70	70	70	70	70	70	70	70	70

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 22%
Debtor days have improved from 52.68 to 50.08days.
Company is almost debt free.

Cons

Promoter holding is low: 45%.
Stock is trading at 4.1 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.