Indraprastha Gas Limited (IGL) AI Stock Analysis

• Market Cap: ₹300.72B
• Dividend Yield: 0.75%
• Average Volume (3M): 95.80K
• Price to Earnings (P/E): 18.1
• Beta (1Y): 1.25
• Revenue Growth: 8.88%
• EPS Growth: -13.51%
• Country: IN
• Employees: 719
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): 2.70
• Shares Outstanding: 1,400,001,600
• 10 Day Avg. Volume: 156,867
• 30 Day Avg. Volume: 95,802
• PEG Ratio: -1.22
• Price to Book (P/B): 2.66
• Price to Sales (P/S): 1.89
• P/FCF Ratio: 27.25
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹225.00
• Price Target Upside: 12.81% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: ₹238.00 ▲(19.33% Upside)

Indraprastha Gas Limited's strong financial performance is the primary driver of its overall score, supported by a robust balance sheet and consistent revenue growth. The technical analysis indicates a neutral market position, while the valuation suggests moderate attractiveness. The absence of earnings call and corporate events data limits further insights.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and effective business strategies, supporting long-term sustainability.

Balance Sheet Health

A strong balance sheet with low leverage enhances financial stability and reduces risk, supporting future growth and resilience.

Cash Flow Generation

Strong cash flow generation supports operational needs and investments, ensuring the company can pursue growth opportunities.

Negative Factors

Free Cash Flow Growth Decline

A decline in free cash flow growth may indicate rising capital expenditures or inefficiencies, potentially impacting future financial flexibility.

Earnings Decline

A decrease in net income could signal challenges in maintaining profitability, requiring strategic adjustments to sustain growth.

EPS Growth Decline

A decline in EPS growth can affect investor confidence and may reflect underlying operational challenges needing resolution.

Indraprastha Gas Limited Business Overview & Revenue Model

Company Description

Indraprastha Gas Limited (IGL) is a leading natural gas distribution company in India, primarily engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) to residential, commercial, and industrial customers. Established in 1998, IGL operates in the National Capital Region (NCR) and is known for its commitment to providing clean and sustainable energy solutions. The company plays a crucial role in promoting natural gas as an alternative to traditional fuels, thereby contributing to environmental conservation and energy security in the region.

How the Company Makes Money

IGL generates revenue through the sale of compressed natural gas (CNG) and piped natural gas (PNG) to various customer segments, including residential, commercial, and industrial users. The primary revenue stream comes from the sale of CNG, which is used mainly as an automotive fuel, and PNG, which is supplied for cooking and heating purposes in households and businesses. Additionally, IGL earns income from the installation and maintenance of gas pipelines and infrastructure. The company benefits from its strategic partnerships with government agencies and local municipalities, as well as regulatory support that promotes the use of cleaner fuels. Factors such as increasing demand for natural gas, expansion of its distribution network, and rising awareness of environmental issues further contribute to IGL's earnings.

Indraprastha Gas Limited Financial Statement Overview

Summary

Indraprastha Gas Limited presents a strong financial profile with robust revenue and profit growth, a solid balance sheet with low leverage, and strong cash flow generation. However, the decrease in free cash flow growth from 2024 to 2025 suggests a need for attention.

Income Statement

Indraprastha Gas Limited demonstrates strong and consistent revenue growth with a substantial improvement in gross profit margin from 2021 to 2025. The net profit margin remains healthy, indicating effective cost management. EBIT and EBITDA margins also show a positive trajectory, reflecting operational efficiency. However, the slight decrease in net income from 2024 to 2025 suggests a potential area for improvement.

Balance Sheet

The company's balance sheet is robust, with a commendable equity ratio signifying a strong capital structure. The low debt-to-equity ratio indicates prudent financial leverage, reducing financial risk. A steady increase in stockholders’ equity over the years highlights the company’s ability to generate shareholder value. The high return on equity further demonstrates efficient use of equity capital.

Cash Flow

Indraprastha Gas Limited showcases a solid cash flow position, with a significant increase in operating cash flow over the years, supporting its operations and investments. The free cash flow to net income ratio is healthy, although the free cash flow growth rate has decreased from 2024 to 2025, which could indicate higher capital expenditures or changes in working capital.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	153.21B	149.28B	140.00B	141.33B	77.10B	49.41B
Gross Profit	33.78B	34.31B	38.02B	33.71B	30.23B	24.11B
EBITDA	18.56B	19.31B	23.24B	19.76B	18.41B	14.42B
Net Income	16.66B	17.18B	19.85B	16.40B	15.02B	11.73B
Balance Sheet
Total Assets	0.00	155.81B	142.20B	126.21B	111.02B	90.50B
Cash, Cash Equivalents and Short-Term Investments	35.94B	35.94B	30.10B	18.30B	30.61B	26.89B
Total Debt	0.00	934.90M	811.70M	827.70M	1.08B	1.46B
Total Liabilities	-106.42B	49.39B	45.70B	46.89B	35.16B	27.16B
Stockholders Equity	106.42B	106.16B	96.33B	79.31B	75.86B	63.34B
Cash Flow
Free Cash Flow	0.00	10.35B	3.03B	11.09B	5.61B	6.63B
Operating Cash Flow	0.00	21.99B	15.32B	22.31B	18.98B	15.46B
Investing Cash Flow	0.00	-15.19B	-11.03B	-8.41B	-15.85B	-18.26B
Financing Cash Flow	0.00	-7.54B	-3.16B	-13.59B	-3.28B	-2.97B

Indraprastha Gas Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 199.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGL, the sentiment is Negative. The current price of 199.45 is below the 20-day moving average (MA) of 207.14, below the 50-day MA of 209.72, and below the 200-day MA of 203.45, indicating a bearish trend. The MACD of -3.56 indicates Positive momentum. The RSI at 39.30 is Neutral, neither overbought nor oversold. The STOCH value of 22.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IGL.

Indraprastha Gas Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GAIL	77 Outperform	₹1.19T	10.94	―	4.26%	5.91%	-5.42%
IGL	75 Outperform	₹300.72B	18.05	―	0.75%	8.88%	-13.51%
GSPL	71 Outperform	₹173.07B	15.58	―	1.70%	0.44%	-33.05%
MGL	69 Neutral	₹124.77B	12.76	―	2.50%	19.78%	-14.38%
GUJGASLTD	69 Neutral	₹275.70B	24.70	―	1.47%	-2.39%	-12.17%
ATGL	66 Neutral	₹666.59B	106.54	―	0.04%	16.61%	-10.87%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%