Indraprastha Gas Stock Forecast

Stock Price Forecast

According to 30 analysts polled by S&P Global, Indraprastha Gas stock has a consensus rating of "Buy" and an average price target of ₹194.73. The average 1-year stock price forecast is 15.14% higher than the current stock price, while the lowest is ₹120.00 (-29.04%) and the highest is ₹255.00 (+50.78%).

Price Target: ₹194.73 (+15.14%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	₹120.00	₹194.73	₹195.00	₹255.00
Change	-29.04%	+15.14%	+15.30%	+50.78%

* Price targets were last updated on May 22, 2026.

Analyst Ratings

The average analyst rating for Indraprastha Gas stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	13	18	18	19	18	18
Buy	6	5	5	5	6	6
Hold	3	2	3	3	3	3
Sell	2	3	3	2	3	3
Strong Sell	4	1	1	1	0	0
Total	28	29	30	30	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sanjay Mookim J.P. Morgan	J.P. Morgan	Sell Maintains ₹120.00	Sell	Maintains	₹120.00	-29.04%	May 22, 2026
Bhaskar Chakraborty Jefferies	Jefferies	Buy Maintains ₹205.00 → ₹180.00	Buy	Maintains	₹205.00 → ₹180.00	+6.43%	May 21, 2026

Financial Forecast

Revenue This Year

183.77B

from 161.68B

13.66%

from 161.68B

Revenue Next Year

196.71B

from 183.77B

7.04%

from 183.77B

EPS This Year

10.87

from 9.74

11.57%

from 9.74

EPS Next Year

13.19

from 10.87

21.39%

from 10.87

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Mar 31, 2022	Mar 31, 2023	Mar 31, 2024	Mar 31, 2025	Mar 31, 2026	Mar 31, 2027
Revenue	77.10B	141.33B	140.00B	149.28B	161.68B	183.77B
Revenue Growth	56.05%	83.30%	-0.94%	6.63%	8.31%	13.66%
Gross Profit	30.23B	33.71B	38.02B	34.31B	37.82B	40.08B
Gross Margin	39.21%	23.86%	27.16%	22.99%	23.39%	21.81%
Operating Income	15.71B	16.62B	19.53B	14.99B	13.26B	14.59B
Net Income	15.02B	16.40B	19.85B	17.18B	15.50B	14.89B
EPS	-	-	-	-	9.74	10.87
EPS Growth	-	-	-	-	-20.62%	11.57%
Forward PE	16.09	16.54	14.98	15.36	10.74	15.56
Dividend / Share	2.75	6.50	9.00	4.25	4.75	4.85
Dividend Growth	-	136.36%	38.46%	-52.78%	11.76%	2.12%
Free Cash Flow	4.18B	2.08B	7.96B	7.51B	3.26B	4.67B
No. Analysts	-	-	-	-	-	26

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue	2027	2028	2029
High	235.6B
Avg	183.8B
Low	156.6B

Revenue Growth

Revenue Growth	2027	2028	2029
High	45.7%
Avg	13.7%
Low	-3.1%

EPS Forecast

EPS	2027	2028	2029
High	14.44
Avg	10.87
Low	8.19

EPS Growth

EPS Growth	2027	2028	2029
High	48.3%
Avg	11.6%
Low	-15.9%