NSEI:IGL

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Indraprastha Gas

Executive Summary

Indraprastha Gas Limited distributes natural gas in India.


Snowflake Analysis

Flawless balance sheet with solid track record 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: IGL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

3.5%

IGL

9.0%

IN Gas Utilities

6.4%

IN Market


1 Year Return

45.3%

IGL

-9.3%

IN Gas Utilities

-16.2%

IN Market

Return vs Industry: IGL exceeded the Indian Gas Utilities industry which returned -9.3% over the past year.

Return vs Market: IGL exceeded the Indian Market which returned -16.2% over the past year.


Shareholder returns

IGLIndustryMarket
7 Day3.5%9.0%6.4%
30 Day4.4%9.3%8.4%
90 Day10.9%-2.1%-8.9%
1 Year46.4%45.3%-6.2%-9.3%-14.6%-16.2%
3 Year126.5%122.4%14.4%6.2%-4.9%-9.9%
5 Year558.1%530.3%10.0%-1.5%21.6%10.2%

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?

28.83x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IGL (₹488.75) is trading above our estimate of fair value (₹123.49)

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


Price To Earnings Ratio

PE vs Industry: IGL is poor value based on its PE Ratio (28.8x) compared to the Gas Utilities industry average (15.3x).

PE vs Market: IGL is poor value based on its PE Ratio (28.8x) compared to the Indian market (10.5x).


Price to Earnings Growth Ratio

PEG Ratio: IGL is poor value based on its PEG Ratio (2.5x)


Price to Book Ratio

PB vs Industry: IGL is overvalued based on its PB Ratio (7.2x) compared to the IN Gas Utilities industry average (5.1x).


Next Steps

Future Growth

How is Indraprastha Gas forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

11.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IGL's forecast earnings growth (11.6% per year) is above the savings rate (7.2%).

Earnings vs Market: IGL's earnings (11.6% per year) are forecast to grow slower than the Indian market (18.3% per year).

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

Revenue vs Market: IGL's revenue (8.7% per year) is forecast to grow faster than the Indian market (7% per year).

High Growth Revenue: IGL's revenue (8.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: IGL's Return on Equity is forecast to be high in 3 years time (22.9%)


Next Steps

  • Explore growth companies in the Utilities industry.

Past Performance

How has Indraprastha Gas performed over the past 5 years?

21.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IGL has high quality earnings.

Growing Profit Margin: IGL's current net profit margins (18.3%) are higher than last year (14.9%).


Past Earnings Growth Analysis

Earnings Trend: IGL's earnings have grown significantly by 21.4% per year over the past 5 years.

Accelerating Growth: IGL's earnings growth over the past year (46%) exceeds its 5-year average (21.4% per year).

Earnings vs Industry: IGL earnings growth over the past year (46%) underperformed the Gas Utilities industry 56.8%.


Return on Equity

High ROE: IGL's Return on Equity (24.9%) is considered high.


Next Steps

Financial Health

How is Indraprastha Gas's financial position?


Financial Position Analysis

Short Term Liabilities: IGL's short term assets (₹24.4B) exceed its short term liabilities (₹18.4B).

Long Term Liabilities: IGL's short term assets (₹24.4B) exceed its long term liabilities (₹3.5B).


Debt to Equity History and Analysis

Debt Level: IGL is debt free.

Reducing Debt: IGL has no debt compared to 5 years ago when its debt to equity ratio was 12.2%.

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

Interest Coverage: IGL 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?

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IGL's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.8%).

High Dividend: IGL's dividend (0.49%) is low compared to the top 25% of dividend payers in the Indian market (3.34%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (14.2%), IGL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: IGL's dividends in 3 years are forecast to be well covered by earnings (18.3% payout ratio).


Next Steps

Management

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

1.3yrs

Average board tenure


CEO

Elavathur Ranganathan (56yo)

4yrs

Tenure

₹10,191,000

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Elavathur's total compensation ($USD134.98K) is below average for companies of similar size in the Indian market ($USD784.47K).

Compensation vs Earnings: Elavathur's compensation has increased by more than 20% in the past year.


Board Members

NamePositionTenureCompensationOwnership
Elavathur Ranganathan
MD & Director4yrs₹10.19m0.000070% 247.3k
Amit Garg
Director of Commercial & Director0.92yrno datano data
Rajendra Natekar
Additional Director1.42yrs₹348.22kno data
Rajib Sahoo
Additional Independent Director1.33yrs₹155.69kno data
Ramesh Misra
Additional Independent Director1yrno datano data
Akhilesh Ambasht
Additional Independent Director1.33yrs₹180.69kno data
Gajendra Singh
Chairman1.42yrs₹273.22kno data
Saroj Bala
Additional Independent Director1.33yrs₹155.69kno data
Deepak Mishra
Additional Independent Director1yrno datano data
Renu Sharma
Additional Director0.50yrno datano data

1.3yrs

Average Tenure

59yo

Average Age

Experienced Board: IGL's board of directors are not considered experienced ( 1.3 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: IGL
  • Exchange: NSEI
  • Founded: 1998
  • Industry: Gas Utilities
  • Sector: Utilities
  • Market Cap: ₹353.290b
  • 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
IGLNSEI (National Stock Exchange of India)INR2 (POST SUBDIVISION)ININRNo data
532514BSE (Mumbai Stock Exchange)INR2 (POST SUBDIVISION)ININRNo data
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 in Delhi and the National Capital Region. It operates 500 CNG stations; and serves 11.02 lacs households, and 4,276 commercial and industrial consumers. The company’s operates 1,006 kilometers of steel pipeline network; and 12,022 kilometers MDPE network. Indraprastha Gas Limited was incorporated in 1998 and is headquartered in New Delhi, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/05 13:07
End of Day Share Price2020/06/05 00:00
Earnings2019/12/31
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.