IGLOil Gas & Consumable Fuels

Indraprastha Gas Limited

LPG/CNG/PNG/LNG Supplier · ISIN INE203G01027 · BSE 532514 · NSE EQ · FV ₹2
Last price
₹137
+2.67%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 ₹5,615 cr of revenue in its latest quarter (Q2 FY27) and kept 0.5% 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:
52out of 100
Equitytale Health Score
Mixed

Healthier than 52% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 655–2,932 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)
32

At close. Not part of the score.

Profitability & returns11

How much profit it earns on the money it employs

Balance sheet49

How much it owes, and whether earnings cover the interest

Cash quality79

Whether reported profit actually arrives as cash

Growth & consistency49

Whether sales and profit have grown, and how steadily

Valuation72

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 26% vs last year
✓ Promoters hold 45%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 0.5% net margin
! Profit down 93% vs last year
! Low 0.9% return on equity

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 We do not publish price targets or predict returns.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
₹137▲ +2.67%
latest close · 2026-11-04
1-year return
-46.2%
52-wk low ₹12652-wk high ₹262
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 ratio213.8High
LowAverageHigh
P/B ratio1.66Moderate
Below bookModerateHigh
EV / EBITDA45.6High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity0.9%Weak
WeakFairStrong ▸15%
Return on capital-1.3%Loss
WeakFairStrong
Net margin0.5%Thin
ThinDecentStrong
EBITDA margin1.9%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover-11.1×Risky
RiskyOkayStrong ▸5×
Current ratio1.05Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹19,158 cr
Book value
₹83
EPS
₹0.16
latest quarter
Net debt
₹-139 cr
more cash than debt
Enterprise value
₹19,018 cr
EBITDA
₹417 cr
annualised
EBIT
₹-159 cr
annualised
Operating margin
-0.7%
Return on assets
0.6%
Earnings yield
0.47%
P/S
0.85
Sales / share
₹160.4
Tax rate
—
Face value
₹2
Shares
140.0 cr
Working capital
₹282 cr
Current assets
₹6,165 cr
Current liabilities
₹5,883 cr
Delivery %
48.4%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Slightly expensiveMedium confidence
Median of 2 models ₹116 vs market price ₹137 — price is 18% above it
Safety cushion-18.1%(target ≥ +20%)
Models span ₹100–₹132, midpoint ₹116
Model ₹116
Price ₹137
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 · Q2 FY27 (consolidated)
Revenue from Operations₹5,615 cr
Other Income₹136 cr
Total Income₹5,751 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹4,647 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹47 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹144 cr
Other Expenses₹954 cr
Total Expenses₹5,795 cr
Profit before Tax₹-43 cr
Tax Expense₹-15 cr
Share of JV / Associates₹52 cr
Net Profit₹24 cr
Net margin on total income0.4%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹4,646 cr79.8%
Employee benefit expense₹47 cr0.8%
Finance costs₹4 cr0.1%
Depreciation & amortisation₹144 cr2.5%
Other expenses₹954 cr16.4%
Profit for the period₹24 cr0.4%
Total income ₹5,751 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue4,585 cr5,043 cr5,615 cr
Total income4,685 cr5,145 cr5,751 cr
Expenses4,304 cr4,890 cr5,795 cr
Profit before tax381 cr255 cr-43 cr
Tax108 cr74 cr-15 cr
Net profit (owners' share)341 cr239 cr26 cr
Net margin (owners' share, on revenue)7.4%4.7%0.5%
EPS (₹)2.431.720.16
YoY (latest quarter): total income +26.7% · net profit -93.3%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹18,153 cr
Shareholder equity
₹11,560 cr
parent shareholders
Total debt
₹33 cr
Cash
₹172 cr
Cash flow · H1 FY27
Operating
₹799 cr
Investing
₹-742 cr
Financing
₹-55 cr
Peer comparison
LPG/CNG/PNG/LNG Supplier · by market value
CompanyPriceMarket capP/E
Adani Total Gas Limited₹550₹60,478 cr87.0
Petronet LNG Limited₹303₹45,450 cr9.0
GUJARAT ENERGY LIMITED₹219₹20,554 cr5.1
Indraprastha Gas Limitedthis company₹133₹18,659 cr208.3
Mahanagar Gas Limited₹1,056₹10,430 cr13.5
Confidence Petroleum India Limited₹56₹1,866 cr7.6
IRM Energy Limited₹224₹921 cr9.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
2.38%
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 · 2026-09-30
No pledge
Promoter
45.0%
FII / Foreign
9.7%
DII / Domestic
30.1%
Retail / others
15.2%
Smart-money activity
Bulk / block deals
short— · NSE17 Oct 26
short— · NSE14 Sep 26
short— · NSE121 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.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To receive, consider and adopt (a) the Audited Financial Statements of the Company for the financial year ended March 31, 2026, (b) the Audited Consolidated Financial Statements for the financial year ended March 31, 2026; and the reports of the Board of Directors and the Statutory Auditor and the comments of Comptroller & Auditor General of India thereon.
Backed by 100% of shareholders other than promotersneeded 50%
52.08 cr votes for, 32,417 against · 0% of mutual funds and other big investors said no
2
To declare Final Dividend of Rs. 1.5 per equity share for the financial year ended 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
52.22 cr votes for, 7,697 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Shri Mohit Bhatia (DIN: 10603296), who retires by rotation, and being eligible, offers himself for re-appointment
Backed by 97% of shareholders other than promotersneeded 50%
50.57 cr votes for, 1.65 cr against · 3% of mutual funds and other big investors said no
4
To authorize Board of Directors of the Company to fix remuneration of the Statutory Auditor of the Company in terms of the provisions of Section 142 of the Companies Act, 2013
Backed by 100% of shareholders other than promotersneeded 50%
52.22 cr votes for, 27,279 against · 0% 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 2026-09-30
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.