NSE: IGL · BSE: 532514 · ISIN INE203G01027
Indraprastha Gas Limited stock analysis
Indraprastha Gas Limited ranks #1860 in the TickerSutra evidence-ranked universe with a score of 50/100 and 95% data confidence. The latest captured fundamentals show ROCE of 17.5%, quarterly sales growth of 17.2% and quarterly profit growth of -44.0%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- Low debt/equity of 0.01×
- Strong CFO/EBITDA of 1.03×
- CWIP indicates an active capacity pipeline
- No promoter shares are reported as pledged
Risks and constraints
- No calculated threshold risk in the current snapshot.
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹7,710cr | ₹1,894cr | ₹1,502cr | 25.0% |
| 2023 | ₹14,133cr | ₹2,044cr | ₹1,640cr | 14.0% |
| 2024 | ₹14,000cr | ₹2,388cr | ₹1,983cr | 17.0% |
| 2025 | ₹14,913cr | ₹1,979cr | ₹1,713cr | 13.0% |
| 2026 | ₹16,168cr | ₹1,876cr | ₹1,544cr | 12.0% |
| TTM | ₹16,840cr | ₹1,627cr | ₹1,354cr | 10.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
Voting results of the 27th Annual General Meeting of the Company held on September 24, 2026 along with scrutinizer report.
RoutineShareholders meetingNSE · 25 Sept 2026Indraprastha Gas Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineTrading WindowBSE · 25 Sept 2026Indraprastha Gas Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
MANAGEMENT COMMENTARY
Signals from filed documents
The United States recorded a notable acceleration demand growth exceeding 2% during the year. India reported slower demand growth of about 1%, among recent lows. An early monsoon reduced cooling demand and electricity consumption.
Liquefied natural gas (LNG) Our competitive advantage is built on a strong foundation of institutional credibility, an extensive distribution network, operational excellence and a customer-centric approach. These enduring strengths, complemented by a future-ready growth strategy, reinforce our resilience, strengthen our market leadership and enable us to create sustainable value while advancing India’s cleaner energy
Risk Mitigation Risk Description Mitigation Strategy Unavailability and Price of Natural Gas Domestic/APM (Administrative Price Mechanism) natural gas is in limited supply and reduction in its allocation leads to rising input gas cost. High Natural Gas prices in international market also remains a matter of concern for city gas business. CGD companies also face challenges with CNG prices coming closer to petrol and d
As part of backward integration, the Company has set up a Joint Venture Company named IGL Genesis Technologies Limited for metre manufacturing. Recently, commercial production of meters has started. These new areas of diversification and expansion in existing areas of operations would add to the growth of the Company in future.
It is your confidence and belief that has propelled us to new heights. Looking ahead, we are confident to deliver more value to all stakeholders and contribute to a cleaner and sustainable future for India Warm Regards, Subhankar Sen Chairman 1110 Annual Report 2025-26INDRAPRASTHA GAS LIMITED Statutory Reports Corporate Overview Financial Statements Financial performance The financial strength behind our growth FY 20
Upgradation of electrical infrastructure for this pilot project is under discussions with concerned electricity DISCOM. Your Company has signed a Joint Venture Agreement with Rajasthan Vidyut Utpadan Nigam Limited (RVUNL) for setting up a greenfield Solar power plant of 500 MWp capacity with an estimated equity investment of around H 450 Crores. Name of the Joint Venture Company has been reserved as IGL Rajasthan Ren
The Company is also considering acquisition of other CGD Companies to expand its footprints in various parts of India. As part of backward integration, the Company has set up a Joint Venture Company named IGL Genesis Technologies Limited for metre manufacturing. Recently, commercial production of meters has started.
Health Safety and Environment (HSE) Your Company continued to make notable progress in the domain of Health, Safety and Environment (HSE) during the year, reflecting its unwavering focus on strengthening safety culture, enhancing operational reliability, and driving excellence across all areas of operations. and controlled through an app-based Safety Work Permit system to ensure safe execution and regulatory complian
The Order establishes a streamlined and time-bound framework for developing and expanding natural gas pipelines. It addresses delays regulatory approvals and land access, enabling faster development across the country. The Order also seeks to facilitate the expansion of piped natural gas (PNG) networks and improve last-mile connectivity.
The abridged results are published in newspapers, such as Business Standard/Financial Express in English, Dainik Jagran/Jansatta/ in Hindi, alongwith the official news releases. The results and presentations made to institutional investors/analyst are available on the Company’s website under ‘Investor Relations’. For investors, the Company has created a separate E-mail ID i.e.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
DIRECTOR & BUSINESS NETWORK
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