AIM:INDI

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

Fundamentals

Mediocre balance sheet with limited growth.


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


Market Performance


7 Day Return

-1.4%

INDI

-0.6%

GB Oil and Gas

-0.4%

GB Market


1 Year Return

3.3%

INDI

-5.5%

GB Oil and Gas

2.9%

GB Market

Return vs Industry: INDI exceeded the UK Oil and Gas industry which returned -5.5% over the past year.

Return vs Market: INDI matched the UK Market which returned 2.9% over the past year.


Shareholder returns

INDIIndustryMarket
7 Day-1.4%-0.6%-0.4%
30 Day1.5%-4.0%-1.4%
90 Day6.5%-4.1%-2.1%
1 Year3.3%3.3%-0.8%-5.5%8.0%2.9%
3 Year-42.3%-42.3%31.4%14.2%18.0%3.6%
5 Year-13.1%-13.1%30.8%6.8%35.8%6.4%

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

Valuation

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

17.61x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: INDI is poor value based on its PE Ratio (17.6x) compared to the Oil and Gas industry average (6.8x).

PE vs Market: INDI is poor value based on its PE Ratio (17.6x) compared to the UK market (16.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: INDI is overvalued based on its PB Ratio (3.3x) compared to the GB Oil and Gas industry average (0.7x).


Next Steps

Future Growth

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

4.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: INDI's forecast earnings growth (4.6% per year) is above the savings rate (1.2%).

Earnings vs Market: INDI's earnings (4.6% per year) are forecast to grow slower than the UK market (12.6% per year).

High Growth Earnings: INDI's earnings are forecast to grow, but not significantly.

Revenue vs Market: INDI's revenue (8.3% per year) is forecast to grow faster than the UK market (3.9% per year).

High Growth Revenue: INDI's revenue (8.3% 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 INDI'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?

23.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: INDI's earnings have grown significantly by 23.3% per year over the past 5 years.

Accelerating Growth: INDI's earnings growth over the past year (11.5%) is below its 5-year average (23.3% per year).

Earnings vs Industry: INDI earnings growth over the past year (11.5%) underperformed the Oil and Gas industry 29.4%.


Return on Equity

High ROE: INDI's Return on Equity (18.7%) is considered low.


Return on Assets

ROA vs Industry: INDI's Return on Assets is below or equal to the Oil and Gas industry average last year.


Return on Capital Employed

ROCE Improving: INDI has improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Indus Gas's financial position?


Financial Position Analysis

Short Term Liabilities: INDI's short term assets ($94.2M) exceeds its short term liabilities ($50.4M)

Long Term Liabilities: INDI's short term assets (94.2M) do not cover its long term liabilities (697.4M)


Debt to Equity History and Analysis

Debt Level: INDI's debt to equity ratio (311.3%) is considered high

Reducing Debt: INDI's debt to equity ratio has reduced from 434.1% to 311.3% over the past 5 years.

Debt Coverage: INDI's debt is not well covered by operating cash flow (8.4%).

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


Balance Sheet

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

Debt Coverage by Assets: INDI'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

companyn/amarketbottom25%2.0%markettop25%5.4%industryaverage5.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if INDI'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 INDI's dividend in 3 years as they are not forecast to pay a notable one for the UK market.


Next Steps

Management

What is the CEO of Indus Gas's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average board tenure


CEO

Ajay Kalsi (58yo)

0yrs

Tenure

0

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 Age and Tenure

6.1yrs

Average Tenure

55yo

Average Age

Experienced Board: INDI's board of directors are considered experienced (6.1 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Ajay Kalsi (58yo)

    Founder

    • Tenure: 0yrs
  • Jonathan Keeling (55yo)

    Executive Director

    • Tenure: 1.2yrs

Board Members

  • Peter Cockburn (48yo)

    Non-Executive Chairman

    • Tenure: 6.1yrs
  • Ajay Kalsi (58yo)

    Founder

    • Tenure: 0yrs
  • Jonathan Keeling (55yo)

    Executive Director

    • Tenure: 1.2yrs

Company Information

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


Key Information

  • Name: Indus Gas Limited
  • Ticker: INDI
  • Exchange: AIM
  • Founded: 2008
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: UK£505.008m
  • 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, distri ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 21:03
End of Day Share Price2019/10/21 00:00
Earnings2019/03/31
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.