Financials Indraprastha Gas Limited Bombay S.E.

Equities

IGL

INE203G01027

Natural Gas Utilities

Market Closed - Bombay S.E. 03:54:01 29/04/2024 pm IST 5-day change 1st Jan Change
462 INR +0.58% Intraday chart for Indraprastha Gas Limited +6.05% +10.51%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 2,13,815 2,71,565 3,58,645 2,61,205 3,00,090 3,23,470 - -
Enterprise Value (EV) 1 1,94,442 2,50,114 3,32,191 2,48,665 2,74,590 2,93,451 2,87,697 2,82,504
P/E ratio 27.2 x 23.9 x 35.7 x 19.9 x 20.8 x 17.9 x 17.4 x 16.2 x
Yield 0.79% 0.72% 0.7% 1.47% 3.03% 1.78% 1.72% 1.92%
Capitalization / Revenue 3.71 x 4.19 x 7.26 x 3.39 x 2.12 x 2.38 x 2.23 x 2.08 x
EV / Revenue 3.37 x 3.86 x 6.72 x 3.23 x 1.94 x 2.16 x 1.98 x 1.82 x
EV / EBITDA 15.5 x 16.5 x 22.4 x 13.2 x 13.5 x 11.8 x 11 x 10.1 x
EV / FCF 40.8 x 62.9 x 50.1 x 44.3 x 24.8 x 35.8 x 29.3 x 23 x
FCF Yield 2.45% 1.59% 2% 2.26% 4.04% 2.8% 3.41% 4.34%
Price to Book 5.18 x 5.36 x 12.2 x 3.44 x 4.23 x 3.87 x 3.35 x 2.95 x
Nbr of stocks (in thousands) 7,00,001 7,00,001 7,00,001 7,00,001 7,00,001 7,00,001 - -
Reference price 2 305.4 388.0 512.4 373.2 428.7 462.1 462.1 462.1
Announcement Date 24/05/19 17/06/20 25/06/21 18/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 57,648 64,853 49,408 77,100 1,41,458 1,36,118 1,45,088 1,55,540
EBITDA 1 12,570 15,196 14,830 18,811 20,398 24,766 26,121 28,106
EBIT 1 10,559 12,674 11,926 15,640 16,764 20,704 21,331 22,629
Operating Margin 18.32% 19.54% 24.14% 20.29% 11.85% 15.21% 14.7% 14.55%
Earnings before Tax (EBT) 1 12,000 14,156 13,315 17,659 19,277 23,564 24,789 26,306
Net income 1 7,867 11,365 10,056 13,150 14,450 17,956 18,561 19,777
Net margin 13.65% 17.52% 20.35% 17.06% 10.22% 13.19% 12.79% 12.72%
EPS 2 11.24 16.24 14.37 18.79 20.64 25.88 26.61 28.55
Free Cash Flow 1 4,764 3,975 6,630 5,610 11,085 8,203 9,823 12,265
FCF margin 8.26% 6.13% 13.42% 7.28% 7.84% 6.03% 6.77% 7.89%
FCF Conversion (EBITDA) 37.9% 26.16% 44.71% 29.82% 54.35% 33.12% 37.61% 43.64%
FCF Conversion (Net income) 60.56% 34.98% 65.93% 42.66% 76.71% 45.68% 52.92% 62.01%
Dividend per Share 2 2.400 2.800 3.600 5.500 13.00 8.223 7.926 8.874
Announcement Date 24/05/19 17/06/20 25/06/21 18/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2020 S1 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 S1 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 36,169 19,440 14,462 15,506 12,574 18,312 - 22,155 24,059 31,938 35,540 37,108 36,872 34,070 35,211 35,995 35,426
EBITDA 1 7,511 4,906 5,007 4,918 3,809 5,302 9,110 4,696 5,005 6,175 5,275 4,285 4,663 6,424 6,407 6,582 5,976
EBIT 1 - - 4,257 4,156 3,030 4,497 - 3,861 4,252 5,318 4,361 3,360 3,725 5,434 5,560 5,506 5,196
Operating Margin - - 29.44% 26.8% 24.1% 24.56% - 17.43% 17.67% 16.65% 12.27% 9.05% 10.1% 15.95% 15.79% 15.3% 14.67%
Earnings before Tax (EBT) 1 - - 4,485 4,400 3,299 5,246 - 4,136 4,977 5,602 5,430 3,891 4,354 5,867 6,209 6,140 5,567
Net income 1 5,993 3,398 3,349 3,310 2,443 4,005 - 3,085 3,616 4,209 4,162 2,783 3,298 4,384 4,669 4,611 4,116
Net margin 16.57% 17.48% 23.16% 21.35% 19.43% 21.87% - 13.93% 15.03% 13.18% 11.71% 7.5% 8.94% 12.87% 13.26% 12.81% 11.62%
EPS 2 8.560 4.850 4.780 4.730 3.490 5.720 - 4.410 5.170 6.010 5.950 3.980 4.710 6.260 7.100 6.550 6.133
Dividend per Share - - - - - - - - - - - - - - - - -
Announcement Date 07/11/19 11/11/20 10/02/21 25/06/21 13/08/21 09/11/21 09/11/21 08/02/22 18/05/22 09/08/22 22/10/22 25/01/23 12/05/23 23/07/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 19,374 21,451 26,454 12,540 25,500 30,019 35,773 40,966
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 4,764 3,975 6,631 5,610 11,085 8,203 9,823 12,265
ROE (net income / shareholders' equity) 20.6% 24.7% 18.4% 21.6% 20.6% 23.2% 20.5% 19.2%
ROA (Net income/ Total Assets) 14.5% 17.3% 12.8% 13.8% 13% 13.8% 12.8% 12.6%
Assets 1 54,387 65,608 78,798 95,199 1,11,141 1,30,476 1,44,995 1,56,823
Book Value Per Share 2 59.00 72.30 41.90 108.0 101.0 119.0 138.0 157.0
Cash Flow per Share 2 16.50 19.40 22.10 27.10 31.90 29.30 34.30 32.00
Capex 1 6,807 9,632 8,829 13,370 11,221 13,886 13,817 13,092
Capex / Sales 11.81% 14.85% 17.87% 17.34% 7.93% 10.2% 9.52% 8.42%
Announcement Date 24/05/19 17/06/20 25/06/21 18/05/22 12/05/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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