Financials Indraprastha Gas Limited Bombay S.E.

Equities

IGL

INE203G01027

Natural Gas Utilities

Market Closed - Bombay S.E. 06:00:53 2024-07-12 am EDT 5-day change 1st Jan Change
524.8 INR -1.07% Intraday chart for Indraprastha Gas Limited +0.51% +25.51%

Valuation

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 213,815 271,565 358,645 261,205 300,090 367,850 - -
Enterprise Value (EV) 1 194,442 250,114 332,191 248,665 274,590 280,879 337,048 332,338
P/E ratio 27.2 x 23.9 x 35.7 x 19.9 x 20.8 x 17.3 x 19.9 x 18.5 x
Yield 0.79% 0.72% 0.7% 1.47% 3.03% 2.09% 1.62% 1.76%
Capitalization / Revenue 3.71 x 4.19 x 7.26 x 3.39 x 2.12 x 2.15 x 2.53 x 2.34 x
EV / Revenue 3.37 x 3.86 x 6.72 x 3.23 x 1.94 x 2.01 x 2.32 x 2.11 x
EV / EBITDA 15.5 x 16.5 x 22.4 x 13.2 x 13.5 x 9.08 x 13.2 x 11.9 x
EV / FCF 40.8 x 62.9 x 50.1 x 44.3 x 24.8 x 84.2 x 44.2 x 30.9 x
FCF Yield 2.45% 1.59% 2% 2.26% 4.04% 1.19% 2.26% 3.24%
Price to Book 5.18 x 5.36 x 12.2 x 3.44 x 4.23 x 3.53 x 3.72 x 3.24 x
Nbr of stocks (in thousands) 700,001 700,001 700,001 700,001 700,001 700,001 - -
Reference price 2 305.4 388.0 512.4 373.2 428.7 525.5 525.5 525.5
Announcement Date 5/24/19 6/17/20 6/25/21 5/18/22 5/12/23 5/7/24 - -
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 77,100 141,458 140,000 145,405 157,424
EBITDA 1 12,570 15,196 14,830 18,811 20,398 30,933 25,489 27,869
EBIT 1 10,559 12,674 11,926 15,640 16,764 26,795 21,253 22,901
Operating Margin 18.32% 19.54% 24.14% 20.29% 11.85% 19.14% 14.62% 14.55%
Earnings before Tax (EBT) 1 12,000 14,156 13,315 17,659 19,277 23,072 24,265 26,499
Net income 1 7,867 11,365 10,056 13,150 14,450 17,481 18,445 19,926
Net margin 13.65% 17.52% 20.35% 17.06% 10.22% 12.49% 12.69% 12.66%
EPS 2 11.24 16.24 14.37 18.79 20.64 24.97 26.37 28.42
Free Cash Flow 1 4,764 3,975 6,630 5,610 11,085 3,335 7,617 10,757
FCF margin 8.26% 6.13% 13.42% 7.28% 7.84% 2.38% 5.24% 6.83%
FCF Conversion (EBITDA) 37.9% 26.16% 44.71% 29.82% 54.35% 10.78% 29.88% 38.6%
FCF Conversion (Net income) 60.56% 34.98% 65.93% 42.66% 76.71% 19.08% 41.3% 53.98%
Dividend per Share 2 2.400 2.800 3.600 5.500 13.00 9.000 8.508 9.263
Announcement Date 5/24/19 6/17/20 6/25/21 5/18/22 5/12/23 5/7/24 - -
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 2025 Q1
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 35,390 36,108
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 5,256
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 4,160
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% 14.68% 11.52%
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 5,512 4,612
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 4,123 3,633
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% 11.65% 10.06%
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 6.180 5.167
Dividend per Share - - - - - - - - - - - - - - - - - -
Announcement Date 11/7/19 11/11/20 2/10/21 6/25/21 8/13/21 11/9/21 11/9/21 2/8/22 5/18/22 8/9/22 10/22/22 1/25/23 5/12/23 7/23/23 - - - -
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 20,681 30,803 35,513
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 4,764 3,975 6,631 5,610 11,085 3,335 7,617 10,757
ROE (net income / shareholders' equity) 20.6% 24.7% 18.4% 21.6% 20.6% 22.4% 19.7% 18.8%
ROA (Net income/ Total Assets) 14.5% 17.3% 12.8% 13.8% 13% 14% 13.1% 12.9%
Assets 1 54,387 65,608 78,798 95,199 111,141 124,496 141,286 153,928
Book Value Per Share 2 59.00 72.30 41.90 108.0 101.0 122.0 141.0 162.0
Cash Flow per Share 2 16.50 19.40 22.10 27.10 31.90 21.90 30.10 34.10
Capex 1 6,807 9,632 8,829 13,370 11,221 12,021 15,131 14,135
Capex / Sales 11.81% 14.85% 17.87% 17.34% 7.93% 8.59% 10.41% 8.98%
Announcement Date 5/24/19 6/17/20 6/25/21 5/18/22 5/12/23 5/7/24 - -
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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