BSE:532514

Stock Analysis Report

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Executive Summary

Indraprastha Gas Limited distributes natural gas in India. More Details


Snowflake Analysis

Flawless balance sheet with high growth potential and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 532514 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: 532514's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

-0.5%

532514

0.1%

IN Gas Utilities

-0.4%

IN Market


1 Year Return

16.8%

532514

23.5%

IN Gas Utilities

15.9%

IN Market

Return vs Industry: 532514 underperformed the Indian Gas Utilities industry which returned 23.5% over the past year.

Return vs Market: 532514 matched the Indian Market which returned 15.9% over the past year.


Shareholder returns

532514IndustryMarket
7 Day-0.5%0.1%-0.4%
30 Day14.2%6.2%5.0%
90 Day45.4%53.2%24.4%
1 Year17.6%16.8%26.8%23.5%18.1%15.9%
3 Year79.6%75.8%17.2%10.1%9.7%4.4%
5 Year399.0%380.9%59.6%41.6%82.3%68.5%

Long-Term Price Volatility Vs. Market

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


Simply Wall St News

Valuation

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

38.21x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 532514 (₹548) is trading above our estimate of fair value (₹210.19)

Significantly Below Fair Value: 532514 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532514 is poor value based on its PE Ratio (38.2x) compared to the IN Gas Utilities industry average (23.1x).

PE vs Market: 532514 is poor value based on its PE Ratio (38.2x) compared to the Indian market (19.5x).


Price to Earnings Growth Ratio

PEG Ratio: 532514 is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: 532514 is overvalued based on its PB Ratio (6.9x) compared to the IN Gas Utilities industry average (5.3x).


Next Steps

Future Growth

How is Indraprastha Gas forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532514's forecast earnings growth (20.2% per year) is above the savings rate (7%).

Earnings vs Market: 532514's earnings (20.2% per year) are forecast to grow slower than the Indian market (25.5% per year).

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

Revenue vs Market: 532514's revenue (23.1% per year) is forecast to grow faster than the Indian market (11.7% per year).

High Growth Revenue: 532514's revenue (23.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532514's Return on Equity is forecast to be high in 3 years time (22%)


Next Steps

  • Explore growth companies in the Utilities industry.

Past Performance

How has Indraprastha Gas performed over the past 5 years?

18.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532514 has a high level of non-cash earnings.

Growing Profit Margin: 532514's current net profit margins (19.5%) are higher than last year (17.6%).


Past Earnings Growth Analysis

Earnings Trend: 532514's earnings have grown by 18.8% per year over the past 5 years.

Accelerating Growth: 532514's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 532514 had negative earnings growth (-9.6%) over the past year, making it difficult to compare to the Gas Utilities industry average (-3.5%).


Return on Equity

High ROE: 532514's Return on Equity (18%) is considered low.


Next Steps

Financial Health

How is Indraprastha Gas's financial position?


Financial Position Analysis

Short Term Liabilities: 532514's short term assets (₹28.4B) exceed its short term liabilities (₹22.2B).

Long Term Liabilities: 532514's short term assets (₹28.4B) exceed its long term liabilities (₹3.1B).


Debt to Equity History and Analysis

Debt Level: 532514 is debt free.

Reducing Debt: 532514 has no debt compared to 5 years ago when its debt to equity ratio was 3.1%.

Debt Coverage: 532514 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 532514 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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

0.51%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 532514's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.44%).

High Dividend: 532514's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (1.81%).


Stability and Growth of Payments

Stable Dividend: 532514's dividends per share have been stable in the past 10 years.

Growing Dividend: 532514's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (19.5%), 532514's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: 532514's dividends in 3 years are forecast to be well covered by earnings (15.4% payout ratio).


Next Steps

Management

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

0.3yrs

Average management tenure


CEO

Elavathur Ranganathan (57 yo)

0.33

Tenure

₹10,964,000

Compensation

Mr. Elavathur Subramania Ranganathan has been Managing Director at Indraprastha Gas Limited since September 28, 2020. Mr. Ranganathan serves as Director of Marketing and Additional Director at GAIL (India)...


CEO Compensation Analysis

Compensation vs Market: Elavathur's total compensation ($USD149.89K) is below average for companies of similar size in the Indian market ($USD820.13K).

Compensation vs Earnings: Elavathur's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Elavathur Ranganathan
Managing Director0.33yr₹10.96m0.000070%
₹ 268.5k
Sunil Jain
VP, Compliance Officer & Company Secretaryno data₹7.89mno data
Susheel Jad
Vice President of Legalno data₹7.58mno data
Praveen Pandey
Senior Vice President of Marketingno data₹10.18mno data
Ashim Batra
Senior Vice President of PNG Project and O&Mno data₹11.72mno data
Manjeet Singh
Senior Vice President of Project Engineering Services & JV Co-ordno data₹10.02mno data
Amit Garg
Director of Commercial & Director1.5yrs₹7.41mno data
Sudhanshu Pant
Vice President of ERP & ITno data₹8.11mno data
Ajai Tyagi
Vice President of PNG Project and O&Mno data₹8.11mno data
Asit Jana
MD & Director0.58yrno datano data
Manjeet Gulati
Interim Chief Financial Officerno datano datano data
Vinod Dhaaka
Vice President of Corporate Strategyno datano datano data

0.3yrs

Average Tenure

57yo

Average Age

Experienced Management: 532514's management team is not considered experienced ( 0.3 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Elavathur Ranganathan
Managing Director0.33yr₹10.96m0.000070%
₹ 268.5k
Amit Garg
Director of Commercial & Director1.5yrs₹7.41mno data
Asit Jana
MD & Director0.58yrno datano data
Rajib Sahoo
Non-Executive Independent Director1.92yrs₹1.43mno data
Ramesh Misra
Non-Executive Independent Director1.58yrs₹1.01mno data
Akhilesh Ambasht
Non-Executive Independent Director1.92yrs₹1.39mno data
Saroj Bala
Non-Executive Independent Director1.92yrs₹1.24mno data
Deepak Mishra
Non-Executive Independent Director1.58yrs₹935.41kno data
Manisha Saxena
Director0.50yrno datano data

1.6yrs

Average Tenure

58yo

Average Age

Experienced Board: 532514's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


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

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


Key Information

  • Name: Indraprastha Gas Limited
  • Ticker: 532514
  • Exchange: BSE
  • Founded: 1998
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: ₹383.600b
  • Shares outstanding: 700.00m
  • Website: https://www.iglonline.net

Number of Employees


Location

  • Indraprastha Gas Limited
  • IGL Bhawan
  • Plot No. 4, Community Centre
  • New Delhi
  • Delhi
  • 110022
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532514BSE (Mumbai Stock Exchange)YesEquity SharesININRDec 2003
IGLNSEI (National Stock Exchange of India)YesEquity SharesININRDec 2003

Biography

Indraprastha Gas Limited distributes natural gas in India. The company supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, industrial, and commercial sectors i...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 12:03
End of Day Share Price2021/01/15 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.