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Indraprastha Gas

BSE:532514
Snowflake Description

Flawless balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
532514
BSE
₹224B
Market Cap
  1. Home
  2. IN
  3. Utilities
Company description

Indraprastha Gas Limited distributes natural gas in India. The last earnings update was 54 days ago. More info.


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532514 Share Price and Events
7 Day Returns
4.8%
BSE:532514
2.6%
IN Gas Utilities
0.5%
IN Market
1 Year Returns
19.8%
BSE:532514
-6.7%
IN Gas Utilities
-2.1%
IN Market
532514 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Indraprastha Gas (532514) 4.8% -4.3% -1.9% 19.8% 159.1% 326.1%
IN Gas Utilities 2.6% -3.5% -7.1% -6.7% 55% 29.5%
IN Market 0.5% -2.2% -4.1% -2.1% 23.5% 34.2%
1 Year Return vs Industry and Market
  • 532514 outperformed the Gas Utilities industry which returned -6.7% over the past year.
  • 532514 outperformed the Market in India which returned -2.1% over the past year.
Price Volatility
532514
Industry
5yr Volatility vs Market

Value

 Is Indraprastha Gas undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Indraprastha Gas to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Indraprastha Gas.

BSE:532514 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 21 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 14.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:532514
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.36
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.357 (1 + (1- 35%) (0%))
0.569
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.8 * 8.6%)
14.43%

Discounted Cash Flow Calculation for BSE:532514 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Indraprastha Gas is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

BSE:532514 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 14.43%)
2020 4,167.14 Analyst x14 3,641.65
2021 7,531.82 Analyst x11 5,752.02
2022 8,815.50 Analyst x2 5,883.38
2023 12,124.00 Analyst x1 7,071.09
2024 15,016.63 Est @ 23.86% 7,653.73
2025 17,864.71 Est @ 18.97% 7,957.13
2026 20,641.11 Est @ 15.54% 8,034.41
2027 23,354.16 Est @ 13.14% 7,944.11
2028 26,031.88 Est @ 11.47% 7,738.32
2029 28,710.83 Est @ 10.29% 7,458.42
Present value of next 10 years cash flows ₹69,134.25
BSE:532514 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹28,710.83 × (1 + 7.55%) ÷ (14.43% – 7.55%)
₹448,815.30
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹448,815.30 ÷ (1 + 14.43%)10
₹116,591.98
BSE:532514 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹69,134.25 + ₹116,591.98
₹185,726.23
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹185,726.23 / 700.00
₹265.32
BSE:532514 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹265.32
Current discount Discount to share price of ₹319.00
= -1 x (₹319.00 - ₹265.32) / ₹265.32
-20.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Indraprastha Gas is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Indraprastha Gas's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Indraprastha Gas's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:532514 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹12.03
BSE:532514 Share Price ** BSE (2019-07-17) in INR ₹319
India Gas Utilities Industry PE Ratio Median Figure of 6 Publicly-Listed Gas Utilities Companies 20.51x
India Market PE Ratio Median Figure of 2,835 Publicly-Listed Companies 14.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Indraprastha Gas.

BSE:532514 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:532514 Share Price ÷ EPS (both in INR)

= 319 ÷ 12.03

26.52x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indraprastha Gas is overvalued based on earnings compared to the IN Gas Utilities industry average.
  • Indraprastha Gas is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Indraprastha Gas's expected growth come at a high price?
Raw Data
BSE:532514 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 26.52x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts
11.1%per year
India Gas Utilities Industry PEG Ratio Median Figure of 5 Publicly-Listed Gas Utilities Companies 2.36x
India Market PEG Ratio Median Figure of 536 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

BSE:532514 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 26.52x ÷ 11.1%

2.38x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indraprastha Gas is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Indraprastha Gas's assets?
Raw Data
BSE:532514 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹61.65
BSE:532514 Share Price * BSE (2019-07-17) in INR ₹319
India Gas Utilities Industry PB Ratio Median Figure of 6 Publicly-Listed Gas Utilities Companies 4.35x
India Market PB Ratio Median Figure of 3,670 Publicly-Listed Companies 0.95x
BSE:532514 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:532514 Share Price ÷ Book Value per Share (both in INR)

= 319 ÷ 61.65

5.17x

* Primary Listing of Indraprastha Gas.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Indraprastha Gas is overvalued based on assets compared to the IN Gas Utilities industry average.
X
Value checks
We assess Indraprastha Gas's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Gas Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Gas Utilities industry average (and greater than 0)? (1 check)
  5. Indraprastha Gas has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Indraprastha Gas expected to perform in the next 1 to 3 years based on estimates from 21 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
11.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Indraprastha Gas expected to grow at an attractive rate?
  • Indraprastha Gas's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Indraprastha Gas's earnings growth is positive but not above the India market average.
  • Indraprastha Gas's revenue growth is expected to exceed the India market average.
Annual Growth Rates Comparison
Raw Data
BSE:532514 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:532514 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 21 Analysts 11.1%
BSE:532514 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 21 Analysts 12.4%
India Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average 5.6%
India Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average -1.2%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 9.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:532514 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:532514 Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-03-31 16,029
2023-03-31 91,548 15,216 13,879 1
2022-03-31 87,945 12,932 12,093 4
2021-03-31 76,234 13,015 10,483 20
2020-03-31 66,456 11,017 9,234 20
BSE:532514 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 57,648 8,421
2018-03-31 45,921 8,793 7,217
2017-03-31 38,148 9,463 6,063

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Indraprastha Gas's earnings are expected to grow by 11.1% yearly, however this is not considered high growth (20% yearly).
  • Indraprastha Gas's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:532514 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below

All data from Indraprastha Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532514 Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-03-31
2023-03-31 19.70 19.70 19.70 1.00
2022-03-31 17.29 17.70 16.88 2.00
2021-03-31 14.84 17.27 12.40 18.00
2020-03-31 13.11 14.82 11.80 18.00
BSE:532514 Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 12.03
2018-03-31 10.31
2017-03-31 8.66

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Indraprastha Gas is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Indraprastha Gas's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Indraprastha Gas has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Indraprastha Gas performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Indraprastha Gas's growth in the last year to its industry (Gas Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Indraprastha Gas's year on year earnings growth rate has been positive over the past 5 years.
  • Indraprastha Gas's 1-year earnings growth is less than its 5-year average (16.7% vs 18.9%)
  • Indraprastha Gas's earnings growth has not exceeded the IN Gas Utilities industry average in the past year (16.7% vs 35.6%).
Earnings and Revenue History
Indraprastha Gas's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Indraprastha Gas Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:532514 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 57,648.40 8,421.00 1,425.50
2018-03-31 45,921.40 7,217.20 2,926.70
2017-03-31 38,147.80 6,063.40 2,478.70
2016-03-31 36,857.90 4,578.80 1,591.90
2015-12-31 37,161.30 4,044.50 2,000.10
2015-09-30 37,301.90 4,075.20 1,919.90
2015-06-30 37,132.40 4,255.40 669.40
2015-03-31 36,809.90 4,481.30 1,131.30
2014-12-31 37,345.60 4,323.10 1,762.50
2014-09-30 38,319.00 4,135.70 1,755.50
2014-06-30 38,899.20 3,867.10 1,734.30
2014-03-31 39,137.90 3,602.60 1,654.50
2013-12-31 38,350.10 3,533.20 1,632.20
2013-09-30 36,626.10 3,501.80 1,614.00
2013-06-30 35,082.20 3,566.60 1,596.10
2013-03-31 33,669.90 3,541.30 1,570.30
2012-12-31 32,067.16 3,505.88 1,433.57
2012-09-30 30,002.27 3,334.01 1,402.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Indraprastha Gas has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Indraprastha Gas used its assets more efficiently than the IN Gas Utilities industry average last year based on Return on Assets.
  • Indraprastha Gas has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Indraprastha Gas's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Gas Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Indraprastha Gas has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Indraprastha Gas's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Indraprastha Gas's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Indraprastha Gas is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Indraprastha Gas's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Indraprastha Gas's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Indraprastha Gas has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Indraprastha Gas Company Filings, last reported 3 months ago.

BSE:532514 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 43,157.10 0.00 19,373.60
2018-03-31 36,469.50 0.00 14,432.50
2017-03-31 30,116.90 0.00 10,259.30
2016-03-31 25,704.20 0.00 4,532.70
2015-12-31 23,015.70 703.40 3,855.20
2015-09-30 23,015.70 703.40 3,855.20
2015-06-30 20,981.30 1,453.10 2,726.40
2015-03-31 21,154.00 1,453.10 2,723.90
2014-12-31 19,951.30 2,439.20 4,537.50
2014-09-30 19,951.30 2,439.20 4,537.50
2014-06-30 17,631.60 3,524.90 2,995.50
2014-03-31 17,631.60 3,524.90 2,995.50
2013-12-31 16,733.20 3,203.10 2,155.40
2013-09-30 16,733.20 3,203.10 2,155.40
2013-06-30 14,929.90 4,584.90 1,935.50
2013-03-31 14,929.90 4,584.90 1,935.50
2012-12-31 14,132.00 5,907.52 1,774.79
2012-09-30 14,132.00 5,907.52 1,774.79
  • Indraprastha Gas has no debt.
  • Indraprastha Gas has no debt compared to 5 years ago when it was 20%.
  • Indraprastha Gas has no debt, it does not need to be covered by operating cash flow.
  • Indraprastha Gas has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Indraprastha Gas's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Indraprastha Gas has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.75%
Current annual income from Indraprastha Gas dividends. Estimated to be 0.93% next year.
If you bought ₹2,000 of Indraprastha Gas shares you are expected to receive ₹15 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Indraprastha Gas's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.56%).
  • Indraprastha Gas's dividend is below the markets top 25% of dividend payers in India (2.19%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:532514 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 21 Analyst Estimates (S&P Global) See Below
India Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 6 Stocks 1.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1446 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:532514 Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2024-03-31
2023-03-31
2022-03-31 3.56 3.00
2021-03-31 3.13 14.00
2020-03-31 2.70 14.00
BSE:532514 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-05-24 2.400 0.745
2018-08-30 2.000 0.722
2018-05-23 2.000 0.734
2017-05-29 2.000 0.724
2016-11-16 1.400 0.728
2016-08-22 1.200 0.743
2016-05-13 1.200 0.980
2015-09-24 1.200 1.157
2014-09-18 1.100 1.267
2013-07-08 1.100 1.874
2013-05-23 1.100 1.979
2012-07-30 1.000 1.901
2012-06-21 1.000 2.077
2011-08-05 1.000 1.530
2010-05-24 0.900 1.428
2009-05-27 0.800 2.299

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Indraprastha Gas's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (4.7x coverage).
X
Income/ dividend checks
We assess Indraprastha Gas's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Indraprastha Gas afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Indraprastha Gas has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
E. Ranganathan
COMPENSATION ₹6,813,000
TENURE AS CEO 3.1 years
CEO Bio

Shri. E. S. Ranganathan has been Managing Director and Director at Indraprastha Gas Limited since June 01, 2016. Shri. Ranganathan serves as Whole Time Director at GAIL (India) Limited.

CEO Compensation
  • E.'s compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.
  • E.'s remuneration is lower than average for companies of similar size in India.
Management Team

E. Ranganathan

TITLE
MD & Director
COMPENSATION
₹7M
TENURE
3.1 yrs

Sunil Jain

TITLE
Compliance Officer & Company Secretary
AGE
54

Praveen Pandey

TITLE
Vice President of Marketing
AGE
56

Ashim Batra

TITLE
Senior Vice President of PNG Project and O&M
AGE
58

Manjeet Singh

TITLE
Senior Vice President of Project Engineering Services & JV Co-ord
AGE
57

Sudhanshu Pant

TITLE
Vice President of CNG Projects
AGE
58

Ajai Tyagi

TITLE
Vice President of PNG Project and O&M
AGE
50

Rakesh Chawla

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Susheel Jad

TITLE
Chief General Manager of Legal
COMPENSATION
₹4M
AGE
51

Navnit Mangla

TITLE
Chief General Manager of ERP IT & HR
AGE
54
Board of Directors Tenure

Average tenure and age of the Indraprastha Gas board of directors in years:

0.4
Average Tenure
60
Average Age
  • The average tenure for the Indraprastha Gas board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gajendra Singh

TITLE
Chairman
TENURE
0.5 yrs

E. Ranganathan

TITLE
MD & Director
COMPENSATION
₹7M
TENURE
3.1 yrs

Rajeev Verma

TITLE
Additional Director
AGE
60
TENURE
0.1 yrs

R. Natekar

TITLE
Additional Director
AGE
57
TENURE
0.5 yrs

Saroj Bala

TITLE
Independent Director
TENURE
0.4 yrs

Akhilesh Ambasht

TITLE
Independent Director
AGE
61
TENURE
0.4 yrs

Rajib Sahoo

TITLE
Independent Director
AGE
57
TENURE
0.4 yrs

Ramesh Misra

TITLE
Additional Independent Director
AGE
62
TENURE
0.1 yrs

Deepak Mishra

TITLE
Additional Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Indraprastha Gas's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Indraprastha Gas has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Does The Hype Around Indraprastha Gas Limited's (BOM:532514) Growth Justify Its June Share Price?

Looking at Indraprastha Gas Limited’s (BOM:532514) fundamentals some investors are wondering if its last closing price of ₹279.2 represents a good value for money for this high growth stock. … Investors in Indraprastha Gas have been patiently waiting for the uptick in earnings. … If you believe the analysts covering the stock then the following year will be very interesting

Simply Wall St -

Company Info

Description

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 in Delhi and the National Capital Region. It operates 446 CNG stations; and serves 8.92 lacs households, and 3,429 commercial and industrial consumers. The company’s pipeline network consists of approximately 11,673 kilometers. Indraprastha Gas Limited was incorporated in 1998 and is based in New Delhi, India.

Details
Name: Indraprastha Gas Limited
532514
Exchange: BSE
Founded: 1998
₹224,105,256,120
700,000,800
Website: http://www.iglonline.net
Address: Indraprastha Gas Limited
IGL Bhawan,
Plot No. 4, Community Centre,
New Delhi,
Delhi, 110022,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 532514 Equity Shares Mumbai Stock Exchange IN INR 26. Dec 2003
NSEI IGL Equity Shares National Stock Exchange of India IN INR 26. Dec 2003
BSE 532514 INR2 (POST SUBDIVISION) Mumbai Stock Exchange IN INR 17. Jul 2019
NSEI IGL INR2 (POST SUBDIVISION) National Stock Exchange of India IN INR 17. Jul 2019
Number of employees
Current staff
Staff numbers
622
Indraprastha Gas employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/17 12:46
End of day share price update: 2019/07/17 00:00
Last estimates confirmation: 2019/07/16
Last earnings filing: 2019/05/24
Last earnings reported: 2019/03/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.