IGL

OVERVALUED

Indraprastha Gas

Oil & Gas · NSE

26.9% vs fair value

52W Low

142

+5.4% from low

52W High

229

-34.8% from high

News sentiment (2 articles)
0 bull0 neutral2 bear

Valuation Gauge

OVERVALUED-26.9% Margin of Safety
OVERVALUEDFAIRLY VALUEDUNDERVALUED

Current Price

₹149

Fair Value

₹118

Fair Value Analysis

₹118

Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | Sector-cheap: P/E at 5th percentile vs sector peers. | CAUTION: ROCE declining (latest 18.6%) — returns on capital are falling; verify this isn't a value trap.

Medium confidence

Cash Flow Analysis

40% weight

₹153

Balance Sheet Value

20% weight

₹196

EV/EBITDA Multiple

40% weight

₹43

Price vs Market

IGL
Nifty 50

Shareholding Pattern

Stock Health Score

B+

Financially Healthy

7.6 / 10

Profitability

10/10

ROE of 13.3% is above the Oil & Gas sector benchmark of 10% — strong returns

Debt & Leverage

10/10

D/E ratio of 0.0x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet

Valuation vs Peers

8/10

P/E of 6.9x is slightly below the Oil & Gas sector median of 8x — reasonably valued

Cash Flow

6/10

FCF margin of 7.0% — healthy cash generation (₹1,035 Cr)

Earnings Growth

4/10

5yr EPS CAGR of 4.6% is well below Oil & Gas sector average of 14.6%

Dividend

9/10

Dividend yield of 3.2% provides strong shareholder returns (benchmark: 3.0%)

Sentiment Trend — Last 30 Days

Historical Returns

Key Ratios & Growth

FCF Yield

3.3%

Free cash flow / market cap

Revenue Growth (YoY)

+1.9%

Year-on-year revenue change

Profit Growth (YoY)

-4.7%

Year-on-year PAT change

Operating Cash Flow

₹2.2K Cr

TTM cash from operations

Key Financials

EPS (TTM)

₹21.3

P/E Ratio

6.9x

P/B Ratio

1.8x

ROE

13.3%

ROCE

19.4%

Debt / Equity

0.01x

Beta

0.47

Div Yield

3.2%

FCF (Cr)

₹1,035 Cr

Revenue (Cr)

₹14,861 Cr

EPS Growth 5Y

4.6%

Mkt Cap (Cr)

₹20,502 Cr

52W High

₹229

52W Low

₹141.7

Book Value/Share

₹80.4

Financial History

PeriodRevenueOp ProfitOPM%PATEPS
TTM₹16.0K Cr₹1.9K Cr12.0%₹1.7K Cr₹11.88
2025-03-31₹14.9K Cr₹2.0K Cr13.0%₹1.7K Cr₹12.27
2024-03-31₹14.0K Cr₹2.4K Cr17.0%₹2.0K Cr₹14.18
2023-03-31₹14.1K Cr₹2.0K Cr14.0%₹1.6K Cr₹11.71
2022-03-31₹7.7K Cr₹1.9K Cr25.0%₹1.5K Cr₹10.73
2021-03-31₹4.9K Cr₹1.5K Cr30.0%₹1.2K Cr₹8.38
2020-03-31₹6.5K Cr₹1.5K Cr24.0%₹1.2K Cr₹8.92
2019-03-31₹5.8K Cr₹1.3K Cr22.0%₹842 Cr₹6.02
2018-03-31₹4.5K Cr₹1.1K Cr25.0%₹722 Cr₹5.16
2017-03-31₹3.8K Cr₹964 Cr25.0%₹606 Cr₹4.33
2016-03-31₹3.7K Cr₹775 Cr21.0%₹458 Cr₹3.27
2015-03-31₹3.7K Cr₹794 Cr22.0%₹448 Cr₹3.20

Compounded Growth Rates

Sales Growth

3Y+4.1%
5Y+26.4%
10Y+15.8%

Profit Growth

3Y+0.4%
5Y+7.2%
10Y+13.7%

EPS Growth

3Y+0.5%
5Y+7.2%
10Y+13.8%

Peer Comparison

Oil & Gas
StockPriceFair ValueMoS%P/EROESignal

Gulf Oil Lubricants India Limited

₹891₹1,626.9+45.2%12.721.1%UNDERVALUED

GP Petroleums Limited

₹28.7₹44.1+35.0%5.47.4%UNDERVALUED

Magadh Sugar & Energy Limited

₹493₹640.5+23.0%813.9%UNDERVALUED

Oil and Natural Gas Corporation

₹281.4₹330.7+14.9%9.512.2%FAIRLY_VALUED

Avadh Sugar & Energy Limited

₹499₹534.5+6.6%12.88.0%FAIRLY_VALUED

GAIL India

₹143.4₹146.9+2.3%10.99.8%FAIRLY_VALUED

Hindustan Petroleum Corporation Limited

₹328.9₹333.1+1.3%4.512.3%FAIRLY_VALUED

Mahanagar Gas

₹966.6₹849.5-13.8%9.917.0%FAIRLY_VALUED

Institutional Activity

Bulk deals, block deals, short selling & delivery volume — NSE data

Insider Trading

Community Pulse

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