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On 6 Nov 2026, Indraprastha Gas was priced at ₹141.97, or 19.9× trailing earnings, against an industry P/E of 12.1×, and the shares are 35% below their 52-week high. It earns ROCE of 16% and ROE of 8.7%, and sales grew 4.6% a year over 3 years while net profit fell 1.9%. It has almost no debt, and its dividend yield is 3.4%. It is a small-cap company with a market cap of ₹19,876 Cr, ranked 4th of 9 Utilities (Regulated Gas) companies by market cap; the shares fell 34% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹140.76
Day high
₹142.40
Day low
₹138.76
Prev. close
₹140.76
Volume
9.7 L

Health check

2 fair · 4 to check
  • ReturnsBehind

    −34.5% over a year, better than 1 of 7 peers.

  • Price tagPricier

    P/E 19.9 vs industry 12.1.

  • GrowthSlow

    Sales +4.6%, profit −1.9% a year over 3 years.

  • ProfitabilityAverage

    ROCE 16.3% vs peer median 13.6%.

  • Balance sheetFair

    Practically debt-free, Piotroski 5 of 9.

  • Red flags3 to check

    Quarterly profit down 93.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Utilities - Regulated Gas

8 listed peers. Screen the industry

Small cap

₹19,876 Cr, #4 of 9 in its industry by size.

Defensive

Beta 0.54 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹17,935 Cr · profit ₹1,001 Cr
Market cap
₹19,876 Cr
Small cap
P/E
19.9
Industry 12.1
Price to book
1.99
Peers 1.74
Dividend yield
3.35%
ROE
8.7%
Peers 13.6%
ROCE
16.3%
Peers 13.6%
Debt to equity
0.01
Debt ₹93 Cr
EPS (TTM)
₹7.14
Face value ₹2
OPM (TTM)
6.4%
Net margin 5.6%
Sales growth
+27.2%
Latest quarter vs a year ago
Profit growth
−93.3%
Latest quarter vs a year ago
Price to sales
1.11
EV/EBITDA 16.4

Strengths and risks

Strengths

  • Practically debt-free.
  • Dividend yield of 3.35%.
  • Quarterly sales up 27.2% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 93.3% on a year ago.
  • P/E of 19.9 against an industry P/E of 12.1.
  • 35% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Indraprastha Gas

Indraprastha Gas Limited distributes and sells natural gas in India. It supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, industrial, and commercial sectors. The company operates CNG stations, as well as steel pipeline and MDPE networks. It serves households; hotels, restaurants, malls, commercial complexes, educational/religious institutions, and hospitals; and metal, textiles, food and beverages,…

Headquarters
New Delhi
Employees
709
Sector
Utilities
ISIN
INE203G01027
Website
iglonline.net

Price range

52 weeks

₹125.63₹218.38

Today

₹138.76₹142.40
Avg volume (3M)
20.1 L
1-year return
minus 34.5%
From 52-week high
minus 35.0%

Analyst consensus

29 analysts
BuyMean target ₹168.38 plus 18.6%

Target range, with today’s price

Low ₹102.00High ₹226.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Utilities - Regulated Gas

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
GAILGAIL (India)185.79minus 0.11%1,22,1589.712.89.1%11.6%0.25−0.9%plus 2.4%
ATGLAdani Total Gas575.40minus 1.07%63,28398.754.813.6%17.8%0.5310.4%minus 7.6%
GUJENERGYGUJARAT ENERGY216.18minus 3.77%20,2839.25.512.2%12.7%0.1712.1%minus 44.8%
IGLIndraprastha Gas141.97plus 0.86%19,87619.98.316.3%6.4%0.014.6%minus 34.5%
MGLMahanagar Gas1,129.60plus 2.13%11,15816.97.016.5%14.0%0.039.3%minus 12.5%
STEAMHOUSESteamhouse India131.87minus 0.45%3,64564.647.319.6%15.8%0.5515.9%plus 28.6%
IRMENERGYIRM Energy240.95plus 1.53%98911.57.47.8%13.1%0.072.8%minus 23.7%
RAJSECRajasthan Securities60.11minus 0.32%4626.94.389.3%−45.5%––plus 37.1%
Median of 7 peers–−0.32%11,15811.57.413.6%13.1%0.219.9%−7.6%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
4,0234,0684,1634,5875,118
3,5823,5973,7424,2935,150
441471421294−31.7
11.0%11.6%10.1%6.4%−0.6%
178167166159188
2.62.57.83.53.6
128132133137144
4885034473129
21.1%22.1%24.1%23.7%−163.0%
38639434124025.9
2.762.812.431.120.16

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+4.6%
Profit CAGR 3Y
−1.9%
EPS CAGR 3Y
−1.9%
ROE
8.7%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
14,08713,94714,86116,107
–minus 1.0%+6.6%+8.4%
12,04311,55912,88214,224
2,0442,3881,9791,883
14.5%17.1%13.3%11.7%
391513600554
8.76.87.46.9
363414476518
59.562.286.872.9
2,1222,5432,1831,985
22.7%22.0%21.5%22.2%
1,6401,9851,7181,550
–+21.1%minus 13.5%minus 9.8%
11.7114.1812.2711.07

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
140140280280
7,7919,49310,33611,224
82.881.293.597.8
4,6094,5054,8725,426
12,62314,22015,58117,028
7,2318,1488,8559,570
1,5101,5581,6721,524
5002813811.5
1,8303,0103,5554,263
1,5531,2231,1181,670
12,62314,22015,58117,028

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,2311,5322,1841,936
−841−1,103−1,504−1,211
−1,359−316−754−699
30.6113−74.424.8
−1,122−1,229−1,164−1,347
1,1093031,019588
−1,295−280−735−665

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 34.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you