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IGL · NSE · LPG/CNG/PNG/LNG Supplier

Indraprastha Gas Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Small Cap · AMFI list Jan-Jun 2026 · Vendor sector: Utilities
fair low confidence No valuation within 120 days; P/E 15.0 vs peers 12.7 (5th of 7); P/B 2.0 vs peers 1.4 (7th of 8).
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Indraprastha Gas's share price today?

Indraprastha Gas last traded at ₹142.76 on the NSE, as of 13 Oct 2026, 9:45 am IST, down 0.6% on the day, down 33.6% over a year. Its 52-week range is ₹139 to ₹221. The live price is in the app.

₹142.76 −0.6% today
−33.6% over 1 year · NSE, as of 13 Oct 2026, 9:45 am IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range4% of the way up
Low ₹139High ₹221

What is Indraprastha Gas's market cap?

Indraprastha Gas's market capitalisation is about ₹20,114 crore: what it would cost to buy every share at today's price. That makes it the 123rd largest small cap company we cover.

₹20,114 Cr Small Cap123rd largest small cap company
Small Cap means the companies ranked 251 and below by size, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: IGL
ISIN
INE203G01027
Cap bucket
Small Cap, 123rd largest by market cap
Industry (NSE)
Energy › Oil Gas & Consumable Fuels › Gas › LPG/CNG/PNG/LNG Supplier
Listed since
2003
Futures and options
Not traded

Is Indraprastha Gas overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 15.0 vs peers 12.7 (5th of 7); P/B 2.0 vs peers 1.4 (7th of 8).

Valuation

Latest price and trailing 12 months
P/E 15.04
vs peers 12.7 · 5th of 7
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 2.04
vs peers 1.4 · 7th of 8
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹20,114 Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 3.3%
vs peers 1.7% · 2nd of 6
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) Not available
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth Not available
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Indraprastha Gas a quality business?

Quality score 71.2, 1st of 8 in its peer set; WATCH on 30 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 71.2
vs peers 38.1 · 1st of 8
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level WATCH
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 14.2%
vs peers 11.1% · 2nd of 8
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 18.8%
vs peers 14.6% · 2nd of 8
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 7.8%
vs peers 8.1% · 5th of 8
Profit after everything, as a share of revenue. Learn more →
EPS ₹11.03
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
Inside the app

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Has Indraprastha Gas made money for shareholders?

Not over these periods: −33.6% over one year and −11.4% a year over five years.

Shareholder returns

1-year return −33.6%
Price only
What the share price did over the last 12 months. Learn more →
5-year return −11.4% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer Yes
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
+1.6%
1M
−4.2%
3M
−6.1%
6M
−11.4%
1Y
−33.6%
3Y
−8.7%
5Y
−11.4%

Does Indraprastha Gas pay a dividend?

Yes. Indraprastha Gas's dividend yield is 3.26% at the latest price; the last payout was ₹1.50 a share, ex-dividend 1 Oct 2026.

Dividends

Per share, by ex-dividend date
Dividend yield3.26%
The past 12 months' dividends as a share of today's price.
1 Oct 2026 · Final₹1.50
18 Feb 2026 · Interim₹3.25
15 Sep 2025 · Final₹1.50
12 Nov 2024 · Interim₹2.75
13 Sep 2024 · Final₹2.50
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Indraprastha Gas growing?

Revenue 3 years 4.9% a year; profit 3 years -1.9% a year; revenue 5 years 16.6% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years 4.9% a year
vs peers 9.3% · 5th of 8
Compound annual growth of revenue over three years. Learn more →
Profit 3 years -1.9% a year
vs peers 5.7% · 7th of 8
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 16.6% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -2.0% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years -1.9% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 5.7% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -24.2%
vs peers 3.5% · 3rd of 8
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Indraprastha Gas do last quarter?

Indraprastha Gas reported revenue of ₹4,587 Cr, up 8.4% on a year earlier and a net profit of ₹238 Cr, down 9.9% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹4,587 Cr
+8.4% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹238 Cr
−9.9% on a year earlier
What was left for shareholders after every cost and tax.

How does Indraprastha Gas compare with its peers?

Compared with 8 Gas (the industry, as the basic industry was too small); 5th of 7 on P/E; 1st of 8 on quality score.

Compared with 8 Gas (the industry, as the basic industry was too small)

8 companies

Indraprastha Gas against its peers

Largest 8 of 8 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Indraprastha Gas Ltd₹20,114 Cr15.02.014.2%18.8%−33.6%
GAIL (India) Ltd₹1.1 L Cr11.11.29.6%10.1%−7.4%
Adani Total Gas Ltd₹61,941 Cr98.011.614.1%14.6%−9.9%
Petronet LNG Ltd₹43,575 Cr10.41.718.7%22.9%+3.3%
Gujarat Energy Ltd₹20,793 Cr10.00.511.1%14.8%−48.1%
Gujarat State Petronet Ltd₹15,141 Cr—1.57.7%9.5%−15.7%
Mahanagar Gas Ltd₹10,081 Cr14.41.413.8%18.1%−21.2%
GSPL Transmission Ltd₹3,351 Cr————−25.8%
Confidence Petroleum India Ltd₹2,797 Cr20.71.07.0%10.9%+99.5%
Peer median—12.71.411.1%14.6%−12.8%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Indraprastha Gas?

Indraprastha Gas is held by promoters 45.0%, foreign institutions 10.2%, domestic institutions 30.0%.

Shareholding pattern

Latest filing, percent of shares
Promoters45.0%
The founders and controlling group.
Foreign institutions10.2%
Overseas funds investing through the FPI route.
Domestic institutions30.0%
Indian insurers, banks, pension and mutual funds together.
Mutual funds16.3%
Indian mutual fund schemes; part of domestic institutions.
Retail and others7.2%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Indraprastha Gas?

30 analysts cover Indraprastha Gas, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

30 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Indraprastha Gas do and what is it sensitive to?

Indraprastha Gas Limited (IGL) is a city gas distribution company that supplies CNG to the transport sector and PNG to domestic, industrial and commercial customers across four States/UT. Sensitive to: international and input natural gas prices.

Business-model card

FY2025 · 51 verified
3Revenue
6Channels
3Regulators
6Reg. dependencies
6Sensitivities
5Costs
4Geographies

Indraprastha Gas Limited (IGL) is a city gas distribution company that supplies CNG to the transport sector and PNG to domestic, industrial and commercial customers across four States/UT. It earns by selling natural gas, with revenue recognised on supply to customers by metered or assessed measurement.

Revenue engine

3 verified
Sale of natural gas (single line of business)
Revenue is recognised on supply of gas to customers by metered or assessed measurement; the Company acts as principal and has pricing latitude.
CNG sales to transport customers (74.1%)
CNG is the largest volume line by share of sales volume, sold through the Company's CNG stations. Interpretation: the 74.14% is a share of sales volume, not revenue.
Sale of natural gas across customer groups (city gas distribution)
Interpretation: the company's gas sales are split across CNG, domestic, commercial, industrial and other CGD customers; the excerpts give only volume shares by customer group.

Customers & channels

6 verified
CNG customers (74.1%)
Transport customers buying CNG at the Company's stations; the largest group by sales volume.
Industrial customers (9.8%)
Industrial users buying gas; share is of sales volume.
Sale to other CGD consumers (5.6%)
Interpretation: gas sold to other city gas distribution entities, a channel distinct from end-user customers; share is of sales volume.
3 more statements
Domestic customers
Households buying PNG; share is of sales volume.
Commercial customers
Commercial users buying gas; share is of sales volume.
Indian Oil Corporation Ltd as major customer
Single external customer above ten percent of revenue; the excerpt gives the revenue amount but not a percentage. Interpretation: concentration of revenue in one customer.

Regulators

3 verified
Petroleum and Natural Gas Regulatory Board (PNGRB)
Regulator of the natural gas market in which the Company operates; the excerpts state its focus on expanding the market, not its tariff or licence terms.
PESO (CNG cylinder testing)
Approves CNG cylinder testing centres; the Company displays the approved list at its CNG stations as a safety obligation.
Petroleum Act, 1934 (sector law)
Listed by management as a sector law applicable to the Company; the excerpts do not state what it requires.

Regulatory dependencies

6 verified
APM (administered) domestic gas allocation
Interpretation: a cut in APM gas allocation raises the Company's input gas cost, and the company then buys more at market prices.
Minimum Work Programme (MWP) capex commitment
CGD in emerging geographical areas requires capex commitments under the Minimum Work Programme; this ties capital spending to the programme and delays payback. Interpretation: the MWP is a regulatory commitment, though the excerpt does not name its issuer.
Delhi EV policy 2.0
A state EV policy aimed at accelerating EV adoption and charging infrastructure in NCT of Delhi; a stronger policy would shift demand from CNG vehicles toward EVs. Interpretation: revenue effect on CNG volumes.
3 more statements
FAME policy incentives for EVs
Government incentives for electric vehicles; the excerpt says they may reduce CNG-fuelled vehicle market share over the medium to long term.
Digital Personal Data Protection Act, 2023
Interpretation: compliance adds data-protection cost (consultants, data discovery and classification); the excerpt does not quantify it.
LNG imports under Open General License (OGL)
Government initiative letting power plants buy gas on commercial terms; Interpretation: it adds gas supply options and competes for gas in the market the Company buys from.

Sensitivities

6 verified
International and input natural gas prices
Direction: higher gas prices raise the Company's input gas cost; the company buys through the Indian Gas Exchange and linked indices to manage this. The excerpt does not quantify the effect.
CNG price relative to petrol and diesel
Direction: as CNG prices move closer to petrol and diesel prices, the fuel-price advantage narrows and CNG demand becomes harder to sustain.
Electric vehicle adoption
Direction: higher EV adoption may reduce CNG vehicle volumes; the Company responds with CNG repositioning, EV charging and CNG in two-wheelers.
3 more statements
Foreign exchange rates
Direction: the Company states a 1% move in FX rates has no material impact on profit before tax; FX exposure comes from capital-item purchases from overseas suppliers.
Customer credit risk on receivables
Direction: non-payment by customers creates financial loss; the Company reports expected credit loss allowances on doubtful debts.
Pricing structure and price-change frequency
Direction: the auditor flags varied customer pricing and frequent price changes as a revenue-recognition risk, which raises the accuracy burden on billing.

Cost inputs

5 verified
Natural gas purchases (stock-in-trade)
Cost of gas bought for resale; the consolidated statement reports the line, and the company buys through the Indian Gas Exchange. Interpretation: the largest cost line in these excerpts, based on the amount shown.
Gas sourcing via exchange
Interpretation: sourcing through the Indian Gas Exchange and linked indices is the mechanism for controlling input gas cost.
Power and fuel
Standalone operating cost line; the excerpt does not state its driver or supplier.
2 more statements
Repairs and maintenance of plant and equipment
Standalone cost of maintaining plant and equipment across CNG and PNG infrastructure; Interpretation: an operating cost tied to the station and network asset base.
Outsourced contract workforce
Contract workers supplied by third-party vendors and contractors; the excerpt reports them as workers other than permanent.

Geographies

4 verified
Four States/UT of operation
Operating areas where the Company distributes gas: NCT of Delhi, Uttar Pradesh, Haryana and Rajasthan.
CNG station network across India
The company has 954 CNG stations; the excerpt says the stations are spread across locations in India.
India-only revenue
Revenue from customers and non-current assets are located in India; exports are not applicable.
1 more statement
EV charging in NCT of Delhi
Installed EV chargers at CNG stations in NCT of Delhi as part of the EV infrastructure plan.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (13 Aug 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsWATCH on 30 of 30 flags judged; 2 red.
  • Data gapsPEG (vendor), PEG on our 3-year EPS growth, Business quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓274 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 51 verified

Questions people ask

What is Indraprastha Gas's share price today?

Indraprastha Gas last traded at ₹142.76 on the NSE, as of 13 Oct 2026, 9:45 am IST, down 0.6% on the day, down 33.6% over a year. Its 52-week range is ₹139 to ₹221. The live price is in the app.

What is Indraprastha Gas's market cap?

Indraprastha Gas's market capitalisation is about ₹20,114 crore: what it would cost to buy every share at today's price. That makes it the 123rd largest small cap company we cover.

Is Indraprastha Gas Ltd a large cap, mid cap or small cap?

Indraprastha Gas Ltd (IGL) is a small cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Indraprastha Gas Ltd's P/E ratio?

15.04, vs peers 12.7 · 5th of 7. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Indraprastha Gas Ltd overvalued?

Fair, with low confidence: no valuation within 120 days; P/E 15.0 vs peers 12.7 (5th of 7); P/B 2.0 vs peers 1.4 (7th of 8).

How does Indraprastha Gas Ltd make money?

Indraprastha Gas Limited (IGL) is a city gas distribution company that supplies CNG to the transport sector and PNG to domestic, industrial and commercial customers across four States/UT. It earns by selling natural gas, with revenue recognised on supply to customers by metered or assessed measurement.

Who are Indraprastha Gas Ltd's peers?

Compared with 8 Gas (the industry, as the basic industry was too small): GAIL (India) Ltd, Adani Total Gas Ltd, Petronet LNG Ltd, Gujarat Energy Ltd, Gujarat State Petronet Ltd and 3 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Indraprastha Gas do last quarter?

Indraprastha Gas reported revenue of ₹4,587 Cr, up 8.4% on a year earlier and a net profit of ₹238 Cr, down 9.9% in the Jun 2026 quarter.

Who owns Indraprastha Gas?

Indraprastha Gas is held by promoters 45.0%, foreign institutions 10.2%, domestic institutions 30.0%.

Does Indraprastha Gas pay a dividend?

Yes. Indraprastha Gas's dividend yield is 3.26% at the latest price; the last payout was ₹1.50 a share, ex-dividend 1 Oct 2026.

What do analysts say about Indraprastha Gas?

30 analysts cover Indraprastha Gas, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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