Risk factor
Low price volatility
Profitability factor
Strong margins and returns
About
Indraprastha Gas Limited is an Indian enterprise primarily engaged in the distribution of natural gas. The company supplies compressed natural gas (CNG) to the transportation sector, alongside providing piped natural gas (PNG) for residential, industrial, and commercial clients. Its operations span across numerous cities in India, including major hubs like Delhi, Gurugram, Kanpur, and Ghaziabad, as well as locations such as Meerut, Ajmer, and Rewari, among others. As of the close of the financial year 2021 (March 31), IGL managed 612 CNG refueling stations. It also catered to approximately 1.685 million households and served 6,687 commercial and industrial establishments. Supporting these operations is a robust infrastructure comprising a 1,265-kilometer steel pipeline network and a 15,262-kilometer MDPE network. Founded in 1998, Indraprastha Gas Limited is headquartered in India's capital city, New Delhi.
Company Valuation
Considering past and projected metrics, the stock is neither 'expensive' nor 'cheap' compared to its peers. Specifically, the stock is fairly valued on P/E, neutral on EV
Target Price
The average target price of IGL.NS is 192 and suggests 29.3% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc