IGLOil Gas & Consumable Fuels

Indraprastha Gas Limited

LPG/CNG/PNG/LNG Supplier · ISIN INE203G01027 · BSE 532514 · NSE EQ · FV ₹2
Last price
₹149
-0.07%today
What this company does

Indraprastha Gas Limited operates in LPG/CNG/PNG/LNG Supplier, part of the Oil Gas & Consumable Fuels sector. It booked ₹5,043 cr of revenue in its latest quarter (Q1 FY27) and kept 4.7% of sales as profit. It is the 4th largest of 7 LPG/CNG/PNG/LNG Supplier companies we track, by market value.

The Company is a leading CGD Company and its business runs across different geographical areas.
In the report:
64out of 100
Equitytale Health Score
Mixed

Healthier than 64% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 611–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
44

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet80

How much it owes, and whether earnings cover the interest

Cash quality79

Whether reported profit actually arrives as cash

Growth & consistency48

Whether sales and profit have grown, and how steadily

Valuation71

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 17% vs last year
Promoters hold 45%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 4.7% net margin
! Profit down 44% vs last year

What if I invest in IGL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹149 -0.07%
latest close · 2026-09-17
1-year return
-43.3%
52-wk low ₹14652-wk high ₹301
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio21.6Average
LowAverageHigh
P/B ratio1.81Moderate
Below bookModerateHigh
EV / EBITDA13.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.3%Fair
WeakFairStrong ▸15%
Return on capital8.5%Fair
WeakFairStrong
Net margin4.7%Thin
ThinDecentStrong
EBITDA margin7.8%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover74.0×Strong
RiskyOkayStrong ▸5×
Current ratio1.16Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹20,814 cr
Book value
₹82
EPS
₹1.72
latest quarter
Net debt
₹-143 cr
more cash than debt
Enterprise value
₹20,671 cr
EBITDA
₹1,583 cr
annualised
EBIT
₹1,034 cr
annualised
Operating margin
5.1%
Return on assets
5.6%
Earnings yield
4.63%
P/S
1.03
Sales / share
₹144.1
Tax rate
29.0%
Face value
₹2
Shares
140.0 cr
Working capital
₹768 cr
Current assets
₹5,592 cr
Current liabilities
₹4,823 cr
Delivery %
53.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹124 vs market price ₹149 — price is 20% above it
Safety cushion-20.3%(target ≥ +20%)
Models span ₹116₹131, midpoint ₹124
Model ₹124
Price ₹149
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹5,043 cr
Other Income₹102 cr
Total Income₹5,145 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹3,811 cr
Inventory Change (±)₹-26 L
Employee Benefit Expense₹59 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹137 cr
Other Expenses₹880 cr
Total Expenses₹4,890 cr
Profit before Tax₹255 cr
Tax Expense₹74 cr
Share of JV / Associates₹57 cr
Net Profit₹238 cr
Net margin on total income4.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹3,811 cr73.3%
Employee benefit expense₹59 cr1.1%
Finance costs₹3 cr0.1%
Depreciation & amortisation₹137 cr2.6%
Other expenses₹880 cr16.9%
Tax expense₹74 cr1.4%
Profit for the period₹238 cr4.6%
Total income ₹5,145 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,489 cr4,585 cr5,043 cr
Total income4,578 cr4,685 cr5,145 cr
Expenses4,153 cr4,304 cr4,890 cr
Profit before tax426 cr381 cr255 cr
Tax111 cr108 cr74 cr
Net profit (owners' share)392 cr341 cr239 cr
Net margin (owners' share, on revenue)8.7%7.4%4.7%
EPS (₹)2.812.431.72
YoY (latest quarter): total income +16.5% · net profit -44.2%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹17,028 cr
Shareholder equity
₹11,504 cr
parent shareholders
Total debt
₹27 cr
Cash
₹169 cr
Cash flow · H1 FY26
Operating
₹1,104 cr
Investing
₹-638 cr
Financing
₹-13 cr
Peer comparison
LPG/CNG/PNG/LNG Supplier · by market value
CompanyPriceMarket capP/E
Adani Total Gas Limited₹587₹64,488 cr113.8
Petronet LNG Limited₹283₹42,518 cr9.3
GUJARAT ENERGY LIMITED₹239₹22,432 cr5.6
Indraprastha Gas Limitedthis company₹149₹20,814 cr21.6
Mahanagar Gas Limited₹1,071₹10,581 cr13.7
Confidence Petroleum India Limited₹87₹2,882 cr11.7
IRM Energy Limited₹269₹1,105 cr8.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.19%
trailing 12 months
Dividend / share (TTM)
₹3.25
Last dividend
₹3.25
ex 18 Feb 2026
ActionDetailEx-date
Dividend₹3.25 / share18 Feb 2026
Dividend₹1.5 / share15 Sep 2025
Bonus issue1:131 Jan 2025
Dividend₹5.5 / share12 Nov 2024
Dividend₹5 / share13 Sep 2024
Dividend₹4 / share15 Nov 2023
Who owns it · 2026-06-30
No pledge
Promoter
45.0%
FII / Foreign
10.2%
DII / Domestic
30.0%
Retail / others
14.8%
Smart-money activity
Bulk / block deals
short · NSE14 Sep 26
short · NSE121 Aug 26
short · NSE2,00013 Aug 26
Stake changes
BoughtPPFAS Mutual Fund through its Schemes→ 7.88% · 20.46 L11 Aug 26
BoughtPPFAS Mutual Fund through its Schemes→ 5.77% · 1.35 cr20 May 26
SoldT. Rowe Price Associates, Inc. and its affiliates→ 2.97% · 99.73 L29 Apr 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 20 Aug 2026
See the official result
1
APPOINTMENT OF SHRI KUMAR SHANKER (DIN: 09533240) AS A DIRECTOR AND THE MANAGING DIRECTOR OF THE COMPANY
Backed by 97% of shareholders other than promotersneeded 50%
50.56 cr votes for, 1.38 cr against · 3% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 2 named members
owning 45.0% between them · as of 2026-06-30
BHARAT PETROLEUM CORPORATION LTD22.50%
GAIL (INDIA) LTD22.50%
Business done with them
FY2025 · 2 of the group
The company paid ₹9,848 cr to companies in the promoter group last year — about 59.8% of its ₹16,467 cr revenue and received ₹1,552 cr back from them.
GAIL (INDIA) LIMITED
Bought goods from them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹8,664 cr
company paid
BHARAT PETROLEUM CORPORATION LIMITED
Sold goods to them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹1,548 cr
company received
BHARAT PETROLEUM CORPORATION LIMITED
Bought goods from them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹668 cr
company paid
GAIL (INDIA) LIMITED
Other payments to them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹275 cr
company paid
GAIL (INDIA) LIMITED
Commitments Made By Entity · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹264 cr
company received
BHARAT PETROLEUM CORPORATION LIMITED
Other payments to them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹227 cr
company paid
GAIL (INDIA) LIMITED
Contribution made to them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹15 cr
company paid
GAIL (INDIA) LIMITED
Sold goods to them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹4 cr
company received
GAIL (INDIA) LIMITED
Contribution received from them · Description is mentioned along with relevant line item
also owns 22.50% of the company
₹4 L
company received

The company also transacted with 18 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.