Indraprastha Gas Limited (NSE:IGL)
India
· Delayed Price · Currency is INR | Market Cap | 281.96B |
| Revenue (ttm) | 145.55B |
| Net Income (ttm) | 16.96B |
| Shares Out | 1.40B |
| EPS (ttm) | 12.13 |
| PE Ratio | 16.61 |
| Forward PE | 15.23 |
| Dividend | 5.25 (2.61%) |
| Ex-Dividend Date | Nov 12, 2024 |
| Volume | 3,226,377 |
| Average Volume | 7,004,865 |
| Open | 202.61 |
| Previous Close | 203.61 |
| Day's Range | 200.51 - 206.61 |
| 52-Week Range | 153.05 - 285.18 |
| Beta | 0.65 |
| RSI | 55.10 |
| Earnings Date | Feb 14, 2025 |
About Indraprastha Gas
Indraprastha Gas Limited engages in the distribution and sale of natural gas in India. The company supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, commercial, and industrial sectors. It operates CNG stations, as well as steel pipeline and MDPE networks. The company serves households; hotels, restaurants, malls, commercial complexes, educational/religious institutions, and hospitals; and metal, textiles, food and beverages, pharmaceuticals, chemical, auto and ancillary, and packaging industries. ... [Read more]
Financial Performance
In 2023, Indraprastha Gas's revenue was 140.00 billion, a decrease of -0.94% compared to the previous year's 141.33 billion. Earnings were 19.85 billion, an increase of 21.07%.
Financial StatementsNews
Indraprastha Gas shares jump 3.1% after Jefferies maintains ‘Buy’ rating with target price of Rs 252
Indraprastha Gas Limited (IGL) shares surged over 3% as global brokerage firm Jefferies reiterated its bullish stance on the stock. Jefferies has maintained a ‘Buy’ rating on IGL, setting a target pri...
Jefferies on IGL share price: Maintains ‘Buy’ on share price with an 81% upside, sees margin defense as key driver
Jefferies has maintained its Buy rating on Indraprastha Gas Limited (IGL) share price, with a target price of ₹252 per share, indicating a 30% upside from the current market price (CMP) of ₹193.95. Th...
Citi on CGDs: IGL, MGL to benefit from competition; Gujarat Gas faces higher risk
Citi has highlighted that the end of exclusivity for city gas distribution (CGD) companies should be seen as an opportunity rather than a threat. The brokerage believes that this shift will allow esta...
Citi on IGL stock: Maintains Buy, sees 34% upside from current share price on strong gas supply mix and CNG price hike outlook
Citi has reaffirmed its Buy rating on Indraprastha Gas Ltd (IGL) stock, setting a target price of ₹250, implying a 34% upside from its current market price (CMP) of ₹186.00. The brokerage cites comfor...
IGL to set up 2 CNG stations at Noida airport
Noida: Indraprastha Gas Limited (IGL) will set up two CNG stations at Noida International Airport for sustainable and efficient transportation solutio.
IGL shares surge 6% after CLSA says price hikes on the cards post Delhi Elections
Shares of Indraprastha Gas Limited (IGL) jumped 5.6% to trade at Rs 204.99 today, following positive sentiment from CLSA’s report hinting at a possible CNG price hike after the Delhi elections. CLSA h...
IGL stock: Jefferies upgrades to ‘Buy’, CLSA maintains ‘Outperform’ post Q3 results, raises EPS estimates by up to 55%
Brokerages have turned optimistic on Indraprastha Gas Limited (IGL) post its Q3FY25 earnings, with Jefferies upgrading the stock to ‘Buy’ and CLSA maintaining an ‘Outperform’ rating. Analysts highligh...
Jefferies raises target on IGL, expects 32.5% upside, upgrades to ‘Buy’, raises EPS estimates by 52%/55% for FY26/27
Jefferies has upgraded Indraprastha Gas Ltd (IGL) to ‘Buy’ from ‘Underperform’, revising its target price to ₹505 from ₹295, implying a 32.5% upside from the current market price (CMP) of ₹381. The br...
CLSA maintains ‘Outperform’ on IGL, sees 15% upside as Q3 PAT beats estimates
CLSA has reiterated its Outperform rating on Indraprastha Gas Ltd (IGL), setting a target price of ₹440 per share, indicating a 15% upside from the current market price of ₹381.00. The company’s Q3 PA...
IGL fixes record date for bonus issue at January 31
Indraprastha Gas Limited (IGL) has announced the record date for its bonus issue. The Bonus Issue Committee has fixed Friday, January 31, 2025, as the record date to determine the eligibility of share...
IGL announces 31% increase in domestic gas allocation from GAIL
Indraprastha Gas Limited (IGL) has received a significant boost as the domestic gas allocation from GAIL (India) Limited has been revised upwards by 31%, effective from 16th January 2025. This revisio...
Citi on IGL share: Buy call, expects 5.9% upside citing potential value unlock from MNGL listing
Citi has maintained a ‘Buy’ rating on Indraprastha Gas Limited (IGL) with a target price of ₹450/share, indicating a potential upside of 5.9% from the current market price (CMP) of ₹425.00. Key Highli...
IGL board approves 1:1 bonus share issue
Indraprastha Gas Ltd (IGL) has recently informed exchanges that its board approved a 1:1 bonus share issue, rewarding shareholders with one bonus share for every existing share held. The company’s aut...
IGL shares surge 2% as board to discuss bonus issue on December 10
Indraprastha Gas Limited (IGL) shares experienced a significant jump of 2% in trading, following the company’s announcement regarding its upcoming board meeting scheduled for December 10, 2024. The bo...
Indraprastha Gas (IGL) board to discuss bonus share issue
Indraprastha Gas Limited (IGL) has announced that its board will meet on December 10, 2024, to deliberate on a proposal for issuing bonus shares to its equity shareholders. This decision, which is sub...
IGL shares jump 2% as company announce price hike in CNG
Indraprastha Gas Limited (IGL) shares surged 2% following a price hike in Compressed Natural Gas (CNG) across regions outside Delhi. The revised rates show an increase of ₹1.5 to ₹4 per kilogram, impa...
Why are Indraprastha Gas shares down 19% today? Here’s the reason
Indraprastha Gas Ltd (IGL) shares plunged 19% after the company announced a 20% reduction in GAIL’s gas allotment, effective from November 16, 2024. This reduction brings IGL’s total gas allocation do...
Indraprastha Gas shares fall 10% after company faces 20% cut in gas allocation
Indraprastha Gas Ltd (IGL) shares fell 10% after the company announced a 20% reduction in GAIL’s gas allotment beginning November 16, 2024. This cut reduces IGL’s overall gas allocation to 46%, down f...
Jefferies downgrades MGL and IGL to Underperform, cuts target prices
Global brokerage firm Jefferies has downgraded city gas players Mahanagar Gas Limited (MGL) and Indraprastha Gas Limited (IGL), citing a significant reduction in the allocation of administered pricing...
Indraprastha Gas Limited (IGL) shares surge amid strong CNG vehicle growth
Shares of Indraprastha Gas Limited (IGL) gained momentum, as CNG vehicle registrations across India experienced significant growth in October 2024. According to a Citi report, Pan-India CNG vehicle re...
Mahanagar Gas shares surge nearly 4% as CNG vehicle registrations show strong growth in October
Mahanagar Gas Ltd (MGL) and Indraprastha Gas Ltd (IGL) witnessed a rise in their shares, driven by robust growth in CNG vehicle registrations across India in October 2024. According to a Citi report, ...
CNG vehicle registrations surge in October month
CNG vehicle registrations across India showed remarkable growth in October 2024, with Pan-India numbers rising by 69% month-on-month (m/m) and 45% year-on-year (y/y), according to a report by Citi. Th...
IGL Share Price: Citi maintains buy call on IGL with target price of Rs 525, sees 27% upside
Citi has maintained its buy call on Indraprastha Gas Limited (IGL), setting a target price of ₹525 per share, which implies a potential upside of 27% from the current market price of ₹413. The brokera...
IGL Q2 FY25 Results: Indraprastha Gas’ revenue up 7% YoY to ₹4,088 crore, net profit rises 6% YoY to ₹431 crore
Indraprastha Gas Limited (IGL) reported its Q2 FY25 financial results, showcasing steady growth in revenue and profit. Key Financial Highlights (Q2 FY25): Revenue from Operations: Increased by 7% year...
Indraprastha Gas shares drop over 6% after domestic gas allocation cut by 21%
Indraprastha Gas Limited (IGL) shares fell by more than 6% in early trading today following the announcement of a significant reduction in its domestic gas allocation. GAIL (India) Ltd. has reduced IG...