Returns On Capital Signal Tricky Times Ahead For Indraprastha Gas (NSE:IGL)
Jan 27
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Indian (NIFTY) Gas Utilities Industry Analysis
UpdatedJan 28, 2026
DataAggregated Company Financials
Companies8
- 7D-0.9%
- 3M-13.6%
- 1Y-9.6%
- YTD-8.0%
In the last week, Gas Utilities has been flat. As for the longer term, the industry has declined 9.4% in the last year. Earnings are forecast to grow by 3.8% annually.
Industry Valuation and Performance
Has the Indian Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 28 Jan 2026 | ₹2.4t | ₹2.1t | ₹164.0b | 15.5x | 14.8x | 1.2x |
| Fri, 26 Dec 2025 | ₹2.6t | ₹2.1t | ₹163.2b | 16.6x | 15.8x | 1.2x |
| Sun, 23 Nov 2025 | ₹2.7t | ₹2.1t | ₹163.2b | 17x | 16.7x | 1.3x |
| Tue, 21 Oct 2025 | ₹2.8t | ₹2.0t | ₹172.7b | 17.1x | 15.9x | 1.3x |
| Thu, 18 Sep 2025 | ₹2.8t | ₹2.0t | ₹172.7b | 17.6x | 16.2x | 1.4x |
| Sat, 16 Aug 2025 | ₹2.7t | ₹2.0t | ₹172.7b | 16.7x | 15.6x | 1.3x |
| Mon, 14 Jul 2025 | ₹2.9t | ₹2.0t | ₹181.8b | 17.2x | 15.8x | 1.4x |
| Wed, 11 Jun 2025 | ₹3.0t | ₹2.0t | ₹181.8b | 22.9x | 16.7x | 1.5x |
| Fri, 09 May 2025 | ₹2.8t | ₹2.0t | ₹185.4b | 19.2x | 15.1x | 1.4x |
| Sun, 06 Apr 2025 | ₹2.7t | ₹2.0t | ₹185.3b | 18.9x | 14.4x | 1.3x |
| Tue, 04 Mar 2025 | ₹2.4t | ₹2.0t | ₹185.3b | 17.6x | 13x | 1.2x |
| Thu, 30 Jan 2025 | ₹2.7t | ₹2.0t | ₹178.2b | 18x | 15.2x | 1.4x |
| Sat, 28 Dec 2024 | ₹3.0t | ₹2.0t | ₹181.0b | 18.7x | 16.4x | 1.5x |
| Mon, 25 Nov 2024 | ₹2.8t | ₹2.0t | ₹181.0b | 18x | 15.4x | 1.4x |
| Wed, 23 Oct 2024 | ₹3.2t | ₹2.0t | ₹181.6b | 15.6x | 17.7x | 1.6x |
| Fri, 20 Sep 2024 | ₹3.5t | ₹2.0t | ₹181.6b | 19.5x | 19.2x | 1.8x |
| Sun, 18 Aug 2024 | ₹3.6t | ₹2.0t | ₹181.6b | 19.7x | 20x | 1.9x |
| Tue, 16 Jul 2024 | ₹3.7t | ₹1.9t | ₹167.2b | 18.8x | 22.3x | 1.9x |
| Thu, 13 Jun 2024 | ₹3.5t | ₹1.9t | ₹167.2b | 16.8x | 21.1x | 1.8x |
| Sat, 11 May 2024 | ₹3.2t | ₹1.9t | ₹148.8b | 15.7x | 21.6x | 1.7x |
| Mon, 08 Apr 2024 | ₹3.4t | ₹1.9t | ₹146.5b | 16.5x | 23.2x | 1.8x |
| Wed, 06 Mar 2024 | ₹3.5t | ₹1.9t | ₹146.5b | 16.5x | 24x | 1.8x |
| Fri, 02 Feb 2024 | ₹3.3t | ₹1.9t | ₹147.6b | 15.8x | 22.5x | 1.7x |
| Sun, 31 Dec 2023 | ₹3.1t | ₹1.9t | ₹116.6b | 20.2x | 26.4x | 1.6x |
| Tue, 28 Nov 2023 | ₹2.3t | ₹1.9t | ₹116.6b | 15.5x | 19.3x | 1.2x |
| Thu, 26 Oct 2023 | ₹2.2t | ₹2.0t | ₹102.3b | 17.8x | 21.6x | 1.1x |
| Sat, 23 Sep 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 19.1x | 23.3x | 1.2x |
| Mon, 21 Aug 2023 | ₹2.3t | ₹2.0t | ₹102.3b | 17.8x | 22.7x | 1.2x |
| Wed, 19 Jul 2023 | ₹2.4t | ₹2.1t | ₹117.6b | 17.1x | 20.1x | 1.2x |
| Fri, 16 Jun 2023 | ₹2.4t | ₹2.1t | ₹117.5b | 16.5x | 20.2x | 1.2x |
| Sun, 14 May 2023 | ₹2.5t | ₹2.0t | ₹146.0b | 16.8x | 17.4x | 1.3x |
| Tue, 11 Apr 2023 | ₹2.5t | ₹2.0t | ₹146.0b | 17.3x | 17.4x | 1.3x |
| Thu, 09 Mar 2023 | ₹2.6t | ₹2.0t | ₹146.0b | 16.8x | 17.8x | 1.3x |
| Sat, 04 Feb 2023 | ₹3.2t | ₹2.0t | ₹141.1b | 16.6x | 23x | 1.6x |
Price to Earnings Ratio
23x
Current Industry PE
- Investors are pessimistic on the Indian Gas Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 14.8x which is lower than its 3-year average PE of 19.0x.
- The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have grown 5.1% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Indian Utilities industry?
| IN Market | -0.64% | |
| Utilities | -1.98% | |
| Gas Utilities | -0.87% | |
| Gas Utilities | -0.87% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GUJGASLTD Gujarat Gas | ₹402.80 | 2.1% +₹5.7b | -13.7% | PE23.9x | |
| POSITRON Positron Energy | ₹171.65 | 1.2% +₹16.0m | -33.2% | PE7.2x |
