Indraprastha Gas Future Growth
Future criteria checks 1/6
Indraprastha Gas is forecast to grow earnings and revenue by 8.9% and 9.4% per annum respectively. EPS is expected to grow by 13.4% per annum. Return on equity is forecast to be 15.3% in 3 years.
Key information
8.9%
Earnings growth rate
13.39%
EPS growth rate
| Gas Utilities earnings growth | 6.3% |
| Revenue growth rate | 9.4% |
| Future return on equity | 15.32% |
| Analyst coverage | Good |
| Last updated | 08 Jun 2026 |
Recent future growth updates
Analysis Article • May 01
Analysts Have Lowered Expectations For Indraprastha Gas Limited (NSE:IGL) After Its Latest Results
Investors in Indraprastha Gas Limited ( NSE:IGL ) had a good week, as its shares rose 3.8% to close at ₹193 following...Analysis Article • May 10
Indraprastha Gas Limited (NSE:IGL) Just Reported And Analysts Have Been Cutting Their Estimates
A week ago, Indraprastha Gas Limited ( NSE:IGL ) came out with a strong set of yearly numbers that could potentially...Recent updates
Narrative Update • Jun 02
IGL: Leadership Changes And Dividend Decision Will Support Future Upside
Analysts have trimmed their price target on Indraprastha Gas slightly from ₹255.00 to about ₹250.60, reflecting updated assumptions on the discount rate, revenue growth, profit margins and the future P/E. What's in the News Board meeting on May 18, 2026 to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend recommendation for FY 2025-26.
Narrative Update • May 14
IGL: Upcoming Shareholder Meetings Will Support Long-Term Upside Potential
Analysts have kept Indraprastha Gas's fair value estimate steady at ₹205.53 per share, making only marginal tweaks to assumptions such as the discount rate, revenue growth, profit margin and future P/E to reflect updated valuation inputs. What's in the News Board meeting scheduled on May 18, 2026 to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026, and to consider a final dividend for FY 2025-26 (company event filing).Narrative Update • Apr 28
IGL: Upcoming Shareholder Actions And Biogas Partnership Will Support Long-Term Upside
Analysts have trimmed their price target on Indraprastha Gas from ₹225.73 to ₹205.53. This reflects updated views on revenue growth, profit margins and a slightly lower future P/E assumption.Narrative Update • Apr 14
IGL: Biogas Partnership And Interim Dividend Will Support Future Upside
Analysts have kept their price target for Indraprastha Gas steady at ₹255. They point to slightly softer revenue growth and profit margin assumptions, which are partly offset by a higher future P/E multiple in their models.Narrative Update • Mar 31
IGL: Biogas Partnership And Interim Dividend Will Support Long Term Upside
Analysts have kept Indraprastha Gas's fair value estimate steady at ₹255, reflecting only minor tweaks to revenue growth, profit margin and future P/E assumptions in their refreshed model. What's in the News Board meeting scheduled for February 12, 2026 to consider and approve unaudited financial results for the quarter ended December 31, 2025, share performance indicators with analysts and institutional investors, and consider an interim dividend of ₹3.25 per share at 162.5% on a face value of ₹2, with February 19, 2026 set as the record date (Key Developments).Narrative Update • Mar 16
IGL: Biogas Projects And Interim Dividend Will Support Long Term Upside
Analysts have kept the price target for Indraprastha Gas steady at ₹255. This reflects only marginal tweaks to assumptions on revenue growth, profit margin and forward P/E, rather than a change in their overall view.Narrative Update • Mar 02
IGL: Biogas Expansion And Upcoming Dividend Will Support Long Term Upside
Analysts have adjusted their price target on Indraprastha Gas to ₹255 from ₹250, citing updated assumptions related to slightly higher revenue growth, a marginally different profit margin outlook and a modestly higher future P/E multiple. What's in the News Board meeting scheduled for February 12, 2026, to consider and approve unaudited financial results for the quarter ended December 31, 2025, share performance indicators with analysts and institutional investors, and consider an interim dividend of ₹3.25 per share at 162.5% on a face value of ₹2, with February 19, 2026 set as the record date (company event filing).Narrative Update • Feb 16
IGL: Biogas Partnerships And Dividend Plan Will Support Long Term Upside
Analysts have nudged their price target on Indraprastha Gas down from ₹270 to ₹250. This reflects updated assumptions around slightly lower revenue growth, a modest adjustment to the discount rate, and revised expectations for profit margins and future P/E levels.
Narrative Update • Feb 02
IGL: Future Saudi Alliance And Biofuel Projects Will Support Balanced Outlook
Analysts have raised their fair value estimate for Indraprastha Gas from ₹158.89 to ₹162.48, citing updated assumptions on the discount rate, revenue growth, profit margins, and future P/E, which together indicate a modestly higher valuation range. What's in the News A board meeting is scheduled for Nov 12, 2025, to consider unaudited financial results for the quarter ended Sep 30, 2025, and an alliance cum partnership agreement with MASAH Construction Company, Saudi Arabia, for pre qualification to tender for natural gas distribution licenses in industrial cities in Saudi Arabia (Key Developments).Analysis Article • Jan 27
Returns On Capital Signal Tricky Times Ahead For Indraprastha Gas (NSE:IGL)
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Narrative Update • Jan 19
IGL: Saudi Gas Alliance Will Support Long Term Upside
Analysts have kept their fair value estimate for Indraprastha Gas unchanged at ₹270. This reflects only modest tweaks to revenue growth, profit margin, and future P/E assumptions, rather than a shift in their overall view.Narrative Update • Jan 05
IGL: Saudi Gas Alliance And Biofuel Push Will Support Long Term Upside
Analysts have kept their fair value estimate for Indraprastha Gas steady at ₹270.0, making only small tweaks to underlying assumptions such as slightly adjusted revenue growth, profit margin expectations, and future P/E, which together support an unchanged price target for now. What's in the News Indraprastha Gas Limited signed a Joint Venture Agreement with Hindustan Waste Treatment Private Limited to set up Compressed Bio Gas and biofuel projects, indicating an expansion into alternative gas and fuel infrastructure (company filing).Narrative Update • Dec 18
IGL: Saudi Gas Network Alliance May Drive Stronger Long Term Prospects
Analysts have maintained their fair value estimate for Indraprastha Gas at ₹270.00, as a modest uptick in forecast revenue growth and a slightly lower expected future P E multiple are seen as broadly offsetting a small compression in projected profit margins. What's in the News Board meeting scheduled on November 12, 2025 to approve unaudited financial results for the quarter ended September 30, 2025, indicating upcoming earnings disclosure (company filing) Board to consider an alliance cum partnership agreement with MASAH Construction Company, Saudi Arabia, to jointly pursue licenses for developing natural gas distribution networks in industrial cities across the Kingdom of Saudi Arabia (company filing) Shareholders at the September 26, 2025 AGM approved a final dividend of INR 1.5 per equity share for FY 2024 to 2025, marking a decrease in the dividend payout (AGM resolution) Valuation Changes Fair Value Estimate remains unchanged at ₹270.00 per share, with no revision to the target price.Narrative Update • Dec 04
IGL: Saudi Gas Network Push Will Drive Long-Term Upside Potential
Analysts have nudged their price target for Indraprastha Gas slightly higher from ₹225.40 to approximately ₹225.73, citing modestly stronger revenue growth expectations, which are offset by a marginal downward revision in profit margin forecasts and a slightly higher implied future valuation multiple. What's in the News Board meeting scheduled for November 12, 2025, to review and approve unaudited financial results for the quarter ended September 30, 2025 (company filing) The board will consider an alliance and partnership agreement with MASAH Construction Company, Saudi Arabia, to jointly pursue licenses for developing natural gas distribution networks in multiple industrial cities in the Kingdom of Saudi Arabia (company filing) Shareholders approved a final dividend of INR 1.5 per equity share for the financial year ended March 31, 2025, at the AGM held on September 26, 2025 (AGM resolution) Valuation Changes Fair Value: Adjusted marginally higher from ₹225.40 to about ₹225.73, reflecting a very small upward revision in intrinsic value estimates.Analysis Article • Nov 20
We Think That There Are More Issues For Indraprastha Gas (NSE:IGL) Than Just Sluggish Earnings
Indraprastha Gas Limited's ( NSE:IGL ) recent weak earnings report didn't cause a big stock movement. Our analysis...Narrative Update • Nov 19
IGL: Financial Updates Will Balance Opportunities With New Saudi Arabia Alliance
Analysts have raised their price target for Indraprastha Gas from ₹220.55 to ₹225.40. This reflects improved forecasts for revenue growth and profit margins, despite a slightly higher discount rate.Analysis Article • Nov 14
Indraprastha Gas (NSE:IGL) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Oct 12
The Returns On Capital At Indraprastha Gas (NSE:IGL) Don't Inspire Confidence
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Sep 15
Indraprastha Gas' (NSE:IGL) Dividend Will Be Reduced To ₹1.50
Indraprastha Gas Limited's ( NSE:IGL ) dividend is being reduced from last year's payment covering the same period to...Analysis Article • Sep 01
Indraprastha Gas' (NSE:IGL) Shareholders Will Receive A Smaller Dividend Than Last Year
Indraprastha Gas Limited's ( NSE:IGL ) dividend is being reduced from last year's payment covering the same period to...Analysis Article • Aug 24
Lacklustre Performance Is Driving Indraprastha Gas Limited's (NSE:IGL) Low P/E
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider...Narrative Update • Aug 22
Urbanization And CNG Adoption Will Expand Future Markets
The reduction in Indraprastha Gas's future P/E multiple, while revenue growth forecasts remain steady, indicates a more cautious market outlook on valuation, leading to a lower consensus analyst price target of ₹220.55. What's in the News Board meeting scheduled to approve unaudited financial results for the quarter ended June 30, 2025.Analysis Article • May 27
Indraprastha Gas (NSE:IGL) Is Reinvesting At Lower Rates Of Return
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • May 01
Analysts Have Lowered Expectations For Indraprastha Gas Limited (NSE:IGL) After Its Latest Results
Investors in Indraprastha Gas Limited ( NSE:IGL ) had a good week, as its shares rose 3.8% to close at ₹193 following...Analysis Article • Apr 08
Indraprastha Gas Limited's (NSE:IGL) Price Is Right But Growth Is Lacking
With a price-to-earnings (or "P/E") ratio of 15.5x Indraprastha Gas Limited ( NSE:IGL ) may be sending bullish signals...Analysis Article • Feb 20
Does Indraprastha Gas (NSE:IGL) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Feb 02
Securing New Henry Hub-Linked Gas Contracts Will Strengthen Future Prospects
Successful gas contracts and increased supply enhance sales volumes and revenue growth, supporting improved net margins.Analysis Article • Jan 20
Some Investors May Be Worried About Indraprastha Gas' (NSE:IGL) Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Analysis Article • Dec 25
Indraprastha Gas Limited's (NSE:IGL) Share Price Boosted 27% But Its Business Prospects Need A Lift Too
Those holding Indraprastha Gas Limited ( NSE:IGL ) shares would be relieved that the share price has rebounded 27% in...Analysis Article • Nov 29
Indraprastha Gas Limited (NSE:IGL) Shares Could Be 31% Above Their Intrinsic Value Estimate
Key Insights Using the 2 Stage Free Cash Flow to Equity, Indraprastha Gas fair value estimate is ₹243 Indraprastha Gas...Analysis Article • Oct 31
Indraprastha Gas (NSE:IGL) Will Pay A Larger Dividend Than Last Year At ₹5.50
Indraprastha Gas Limited ( NSE:IGL ) will increase its dividend on the 27th of November to ₹5.50, which is 38% higher...Analysis Article • Oct 29
Benign Growth For Indraprastha Gas Limited (NSE:IGL) Underpins Stock's 26% Plummet
Indraprastha Gas Limited ( NSE:IGL ) shareholders that were waiting for something to happen have been dealt a blow with...Analysis Article • Sep 27
Is Indraprastha Gas (NSE:IGL) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Sep 06
Do Indraprastha Gas' (NSE:IGL) Earnings Warrant Your Attention?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Aug 18
Earnings Working Against Indraprastha Gas Limited's (NSE:IGL) Share Price
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 33x, you may consider...Analysis Article • Jul 27
Indraprastha Gas' (NSE:IGL) Returns On Capital Not Reflecting Well On The Business
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • May 21
Indraprastha Gas' (NSE:IGL) Profits Appear To Have Quality Issues
Indraprastha Gas Limited's ( NSE:IGL ) healthy profit numbers didn't contain any surprises for investors. We think this...Analysis Article • May 10
Indraprastha Gas Limited (NSE:IGL) Just Reported And Analysts Have Been Cutting Their Estimates
A week ago, Indraprastha Gas Limited ( NSE:IGL ) came out with a strong set of yearly numbers that could potentially...Analysis Article • Apr 29
Earnings Working Against Indraprastha Gas Limited's (NSE:IGL) Share Price
With a price-to-earnings (or "P/E") ratio of 16.5x Indraprastha Gas Limited ( NSE:IGL ) may be sending bullish signals...Analysis Article • Apr 08
Indraprastha Gas (NSE:IGL) Is Reinvesting To Multiply In Value
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Analysis Article • Feb 06
Does Indraprastha Gas (NSE:IGL) Have A Healthy Balance Sheet?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Jan 19
Little Excitement Around Indraprastha Gas Limited's (NSE:IGL) Earnings
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 32x, you may consider...Analysis Article • Dec 29
The Returns At Indraprastha Gas (NSE:IGL) Aren't Growing
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Typically, we'll...Analysis Article • Aug 13
Many Would Be Envious Of Indraprastha Gas' (NSE:IGL) Excellent Returns On Capital
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Typically, we'll want...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 217,496 | 19,705 | 9,016 | 24,028 | 8 |
| 3/31/2028 | 196,713 | 18,293 | 8,367 | 22,425 | 26 |
| 3/31/2027 | 183,768 | 14,888 | 4,669 | 18,250 | 26 |
| 3/31/2026 | 161,676 | 15,496 | 5,883 | 19,356 | N/A |
| 12/31/2025 | 159,677 | 16,642 | N/A | N/A | N/A |
| 9/30/2025 | 156,551 | 15,970 | 10,074 | 23,723 | N/A |
| 6/30/2025 | 153,252 | 16,656 | N/A | N/A | N/A |
| 3/31/2025 | 149,278 | 17,178 | 10,346 | 21,988 | N/A |
| 12/31/2024 | 145,553 | 16,964 | N/A | N/A | N/A |
| 9/30/2024 | 143,527 | 18,465 | 5,300 | 15,957 | N/A |
| 6/30/2024 | 141,136 | 19,443 | N/A | N/A | N/A |
| 3/31/2024 | 140,000 | 19,851 | 3,027 | 15,318 | N/A |
| 12/31/2023 | 141,089 | 19,488 | N/A | N/A | N/A |
| 9/30/2023 | 142,635 | 18,062 | 8,761 | 20,318 | N/A |
| 6/30/2023 | 143,590 | 16,804 | N/A | N/A | N/A |
| 3/31/2023 | 141,326 | 16,397 | 11,085 | 22,306 | N/A |
| 12/31/2022 | 128,646 | 16,731 | N/A | N/A | N/A |
| 9/30/2022 | 113,692 | 17,138 | 5,733 | 19,491 | N/A |
| 6/30/2022 | 96,464 | 17,056 | N/A | N/A | N/A |
| 3/31/2022 | 77,100 | 15,023 | 5,610 | 18,979 | N/A |
| 12/31/2021 | 68,547 | 14,464 | N/A | N/A | N/A |
| 9/30/2021 | 60,854 | 14,535 | 8,631 | 19,454 | N/A |
| 6/30/2021 | 55,596 | 14,153 | N/A | N/A | N/A |
| 3/31/2021 | 49,408 | 11,726 | 6,631 | 15,460 | N/A |
| 12/31/2020 | 49,427 | 10,882 | N/A | N/A | N/A |
| 9/30/2020 | 51,607 | 10,038 | 3,522 | 12,968 | N/A |
| 6/30/2020 | 55,477 | 10,391 | N/A | N/A | N/A |
| 3/31/2020 | 64,853 | 12,490 | 3,975 | 13,608 | N/A |
| 12/31/2019 | 64,754 | 11,863 | N/A | N/A | N/A |
| 9/30/2019 | 63,215 | 11,095 | N/A | 11,717 | N/A |
| 6/30/2019 | 60,522 | 9,003 | N/A | N/A | N/A |
| 3/31/2019 | 57,648 | 8,421 | N/A | 11,572 | N/A |
| 3/31/2018 | 45,355 | 7,217 | N/A | 8,793 | N/A |
| 3/31/2017 | 38,148 | 6,063 | N/A | 9,463 | N/A |
| 3/31/2016 | 36,858 | 4,579 | N/A | 6,535 | N/A |
| 12/31/2015 | 37,161 | 4,045 | N/A | N/A | N/A |
| 9/30/2015 | 37,302 | 4,075 | N/A | N/A | N/A |
| 6/30/2015 | 37,132 | 4,255 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IGL's forecast earnings growth (8.9% per year) is above the savings rate (6.9%).
Earnings vs Market: IGL's earnings (8.9% per year) are forecast to grow slower than the Indian market (16.1% per year).
High Growth Earnings: IGL's earnings are forecast to grow, but not significantly.
Revenue vs Market: IGL's revenue (9.4% per year) is forecast to grow slower than the Indian market (10.9% per year).
High Growth Revenue: IGL's revenue (9.4% 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 low in 3 years time (15.3%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/15 11:36 |
| End of Day Share Price | 2026/06/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Indraprastha Gas Limited is covered by 58 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Chauhan | 360 ONE Capital Market Private Limited |
| Vivekanand Subbaraman | Ambit Capital |
| null null | Antique Stockbroking Ltd. |