DB:59Q

Stock Analysis Report

Executive Summary

Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in India.


Snowflake Analysis

Solid track record with mediocre balance sheet.


Similar Companies

Share Price & News

How has Indus Gas's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 59Q has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.6%

59Q

-13.1%

DE Oil and Gas

-6.8%

DE Market


1 Year Return

-4.5%

59Q

57.2%

DE Oil and Gas

6.5%

DE Market

Return vs Industry: 59Q underperformed the German Oil and Gas industry which returned 57.2% over the past year.

Return vs Market: 59Q underperformed the German Market which returned 6.5% over the past year.


Shareholder returns

59QIndustryMarket
7 Day0.6%-13.1%-6.8%
30 Day-3.0%-10.2%-3.7%
90 Day1.3%8.6%-3.6%
1 Year-4.5%-4.5%61.7%57.2%9.8%6.5%
3 Year-27.6%-27.6%-0.7%-9.2%6.8%-2.6%
5 Year167.2%167.2%278.5%220.0%12.5%-2.9%

Price Volatility Vs. Market

How volatile is Indus Gas's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Indus Gas undervalued compared to its fair value and its price relative to the market?

14.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 59Q's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 59Q's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 59Q is poor value based on its PE Ratio (15x) compared to the Oil and Gas industry average (10.2x).

PE vs Market: 59Q is good value based on its PE Ratio (15x) compared to the German market (20x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 59Q's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 59Q is overvalued based on its PB Ratio (2.9x) compared to the DE Oil and Gas industry average (1.1x).


Next Steps

Future Growth

How is Indus Gas forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.7%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if 59Q's forecast earnings growth is above the savings rate (-0.4%).

Earnings vs Market: Insufficient data to determine if 59Q's earnings are forecast to grow faster than the German market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 59Q's revenue (11.7% per year) is forecast to grow faster than the German market (5.1% per year).

High Growth Revenue: 59Q's revenue (11.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if 59Q's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Indus Gas performed over the past 5 years?

23.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 59Q has high quality earnings.

Growing Profit Margin: 59Q's current net profit margins (73%) are higher than last year (60.4%).


Past Earnings Growth Analysis

Earnings Trend: 59Q's earnings have grown significantly by 23.2% per year over the past 5 years.

Accelerating Growth: 59Q's earnings growth over the past year (24.1%) exceeds its 5-year average (23.2% per year).

Earnings vs Industry: 59Q earnings growth over the past year (24.1%) exceeded the Oil and Gas industry -5.2%.


Return on Equity

High ROE: 59Q's Return on Equity (19.7%) is considered low.


Next Steps

Financial Health

How is Indus Gas's financial position?


Financial Position Analysis

Short Term Liabilities: 59Q's short term assets ($113.4M) exceed its short term liabilities ($48.4M).

Long Term Liabilities: 59Q's short term assets ($113.4M) do not cover its long term liabilities ($751.5M).


Debt to Equity History and Analysis

Debt Level: 59Q's debt to equity ratio (299.8%) is considered high.

Reducing Debt: 59Q's debt to equity ratio has reduced from 419.3% to 299.8% over the past 5 years.

Debt Coverage: 59Q's debt is not well covered by operating cash flow (8.1%).

Interest Coverage: 59Q earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: 59Q has a high level of physical assets or inventory.

Debt Coverage by Assets: 59Q's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Indus Gas's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 59Q's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 59Q's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 59Q's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 59Q's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 59Q's dividend in 3 years as they are not forecast to pay a notable one for the German market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

6.4yrs

Average board tenure


CEO

Ajay Kalsi (58yo)

Mr. Ajay Kalsi is a Founder of Indus Gas Ltd. and serves as its Chief Executive Officer. Mr. Kalsi is a successful businessman from India and has established and built a portfolio of companies in a range o ...


Board Members

NamePositionTenureCompensationOwnership
Jonathan Keeling
Executive Director1.5yrsno datano data
Ajay Kalsi
Founder0yrsno datano data
Peter Cockburn
Non-Executive Chairman6.4yrsno data0.022% $133.1k

6.4yrs

Average Tenure

55yo

Average Age

Experienced Board: 59Q's board of directors are considered experienced (6.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Indus Gas Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Indus Gas Limited
  • Ticker: 59Q
  • Exchange: DB
  • Founded: 2008
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£512.327m
  • Listing Market Cap: UK£608.756m
  • Shares outstanding: 182.97m
  • Website: https://www.indusgas.com

Location

  • Indus Gas Limited
  • Tudor House
  • 1st Floor
  • Saint Peter Port
  • GY1 1DB
  • Guernsey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
INDIAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPJun 2008
59QDB (Deutsche Boerse AG)YesOrdinary SharesDEEURJun 2008

Biography

Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in India. The company primarily engages in the exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. It owns a 90% participating interest in the Block RJ-ON/6, a petroleum exploration and development concession covering an area of approximately 4,026 square kilometers located in onshore mid Indus basin, Rajasthan. The company was incorporated in 2008 and is based in Saint Peter Port, Guernsey. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 21:57
End of Day Share Price2020/02/26 00:00
Earnings2019/09/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.