Indraprastha Gas Ltd
Incorporated in the year 1998, Indraprastha Gas Limited (IGL) is in the business of city gas distribution in the National Capital Territory of Delhi. IGL also supplies the gas to the near by regions of Noida, Greater Noida, Ghaziabad, Hapur, Gurugram, Meerut, Shamli, Kanpur, Muzaffarnagar, Karnal and Rewari, Hamirpur, Fatehpur, Ajmer, Pali, Rajasmand.
Strengths
- +Company has reduced debt.
- +Company is almost debt free.
- +Company has been maintaining a healthy dividend payout of 55.3%
- +Debtor days have improved from 22.4 to 17.3 days.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 45% | 45% | 45% | 45% | 45% | 45% | 45% | 45% |
| FIIs | 16.16% | 19.29%▲3.1 | 14.32%▼5.0 | 14.67%▲0.3 | 16.82%▲2.2 | 17.21%▲0.4 | 17%▼0.2 | 17.08%▲0.1 |
| DIIs | 25.1% | 23.18%▼1.9 | 26.12%▲2.9 | 26.18%▲0.1 | 23.99%▼2.2 | 24.08%▲0.1 | 24.17%▲0.1 | 23.25%▼0.9 |
| Public | 8.74% | 7.53%▼1.2 | 9.55%▲2.0 | 9.15%▼0.4 | 9.19%▲0.0 | 8.71%▼0.5 | 8.83%▲0.1 | 9.65%▲0.8 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,459 | 3,556 | 3,597 | 3,517 | 3,697 | 3,759 | 3,947 | 3,914 | 4,023 | 4,067 |
| Expenses | 2,802 | 2,992 | 3,074 | 2,939 | 3,161 | 3,395 | 3,453 | 3,402 | 3,580 | 3,595 |
| Operating Profit | 657 | 564 | 523 | 578 | 536 | 364 | 494 | 512 | 443 | 473 |
| OPM % | 19% | 16% | 15% | 16% | 14% | 10% | 13% | 13% | 11% | 12% |
| Net Profit | 535 | 392 | 383 | 401 | 431 | 286 | 349 | 356 | 373 | 359 |
| EPS ₹ | 3.82 | 2.8 | 2.73 | 2.87 | 3.08 | 2.04 | 2.49 | 2.54 | 2.66 | 2.56 |
AI Insights
TTM revenue at ₹15,952Cr, up 6.9% YoY. OPM at 12%.
Borrowings at ₹62Cr. Debt-to-equity ratio: 0.01x. Healthy balance sheet.
CWIP at ₹1,636Cr (22% of fixed assets). Significant capex underway — growth runway building.
DIIs: 23.25% (+3.08pp change). FIIs: 17.08% (-4.86pp change). Promoters hold 45%.
ROCE declining from 29% (Mar 2014) to 21% (Mar 2025). Working capital days: -80.
PE 14.8x with 20.8% ROCE. Price is 116% above book value of ₹70. Dividend yield: 2.83%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 14 May - Conference Call to discuss Audited Financial Results for quarter/year ended March 31, 2026
- Update on board meeting 6 May - Board meeting rescheduled to May 18, 2026 to approve Q4/FY26 audited results and consider final dividend.
- Board Meeting Intimation for Board Meeting Intimation For Approval Of Audited Financial Results For The Quarter/Year Ended March 31, 2026 4 May - Board meeting on May 7, 2026 to approve FY26 audited results and consider final dividend.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 2 May - T. Rowe Price sold 9,973,151 shares; holding fell to 2.971% on 29 April 2026.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 13 Apr - Postal ballot seeks approval for Subhankar Sen’s appointment as director and non-executive chairman from April 1, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from web
- Financial Year 2023 from bse