Obermatt

Indraprastha Gas

NSI:IGL · INE203G01027
Gas UtilitiesLarge

360

88
EV / EBIT79
Price / Owner Earnings15
Owner Earnings Yield79
Dividend Yield69
Price/Sales64
EV / Gross Profit78
Price/Book35
Return on Capital86
Cash Return on Capital90
Return on Equity90
EBIT Margin31
Gross Profitability92
Cash Conversion6
Owner Earnings Margin71
Sales growth82
Profit Growth47
Long-Term EPS Growth71
Reinvestment29
Price momentum3
Debt load95
Refinancing6
Debt Payback100
Liquidity94
Analyst ratings56
Opinion Changes50
Price Target Upside65
Market mood35
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Indraprastha Gas clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryIndia
IndustryGas Utilities
SizeLarge
TypePublic Company
ExchangeNSEI
Founded1998
Employees932
ISININE203G01027
Last UpdateApr 2, 2026
Index & Theme
Clean EnergyBiofuel

Description

Indraprastha Gas Limited is a prominent player in the natural gas distribution sector in India. The company primarily operates in the distribution of natural gas to a diverse customer base through pipeline networks, with the supply of compressed natu…

Analysis

Middle-of-the-road

Indraprastha Gas Limited sits in the middle of our grid: average quality, average price, no obvious signal in either direction. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is expensive. The owner-earnings multiple stands at 28.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 11% a year, against analyst forecasts of 7%. The price, in other words, assumes less than the experts do.

Growth is moderate; the safety picture is sturdy. The company scores 13/20 on our value-creation score: creating some value.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
76
2023202420252026

All-time high

80

Jan 2024

All-time low

41

Jan 2025

Average rank

58

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
64
43
41
24
Price/Earnings
46
34
43
22
Price/Book
35
26
14
8
Dividend Yield
69
28
31
31
Value (overall)
59
24
26
8

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →