IGL Share Price: Indraprastha Gas Limited (IGL) is a leading company in India’s energy sector, known for its role in promoting clean energy solutions through the distribution of compressed natural gas (CNG) and piped natural gas (PNG). With growing awareness about sustainable energy and government policies favoring clean fuels, IGL has witnessed consistent growth over the past few years.
For investors, analyzing IGL’s stock price targets from 2024 to 2030 provides valuable insight into its future potential. In this blog, we will explore the company’s fundamentals, key financial metrics, and many more that will shape its stock performance in the coming years.
IGL Company Overview
Indraprastha Gas Limited (IGL) was founded in 1998 as a joint venture between GAIL (India) Limited, BPCL, and the Government of Delhi. The company is a pioneer in the distribution of clean energy, primarily focusing on providing CNG for vehicles and PNG for homes, industries, and commercial establishments.
With operations spread across Delhi-NCR and neighbouring states, IGL has become a key player in India’s transition to a green economy. The company’s strong operational network, consistent expansion into new geographies and emphasis on sustainability have established it as a trusted brand in the energy sector.
As the demand for clean energy sources continues to grow, IGL’s growth prospects remain promising. In the following sections, we will discuss in depth the factors that will impact its stock performance and projected share price targets from 2024 to 2030.
| Company Name | Indraprastha Gas Ltd. |
| Founded | 1998 |
| Headquarters | New Delhi |
| Industry | Natural Gas |
| CEO | R.K. Jain |
| Stock Exchange Listing | NSE & BSE |
| Official Website | iglonline.net |
IGL Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹21,850.52 Cr. |
| ROE | 22.36% |
| ROCE | 29.86% |
| P/E | 13.59 |
| P/B | 2.33 |
| Div. Yield | 2.89% |
| Book Value | ₹134.04 |
| Face Value | ₹2 |
| EPS (TTM) | ₹22.96 |
| 52 Week High | ₹570.60 |
| 52 Week Low | ₹306.50 |
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IGL Financials
Income Statement
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Revenue | 140.00B | -0.94% |
| Operating expense | 18.49B | 8.17% |
| Net income | 19.85B | 21.07% |
| Net profit margin | 14.18 | 22.24% |
| Earnings per share | 28.36 | 21.09 |
| EBITDA | 23.24B | 17.61% |
| Effective tax rate | 21.99% | — |
Balance Sheet
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Cash and short-term investments | 30.10B | 64.81% |
| Total assets | 142.20B | 12.65% |
| Total liabilities | 45.70B | -2.60% |
| Total equity | 96.50B | — |
| Shares outstanding | 700.00M | — |
| Price to book | 2.26 | — |
| Return on assets | 9.10% | — |
| Return on Capital | 13.76% | — |
Cash Flow
| (INR) | 2024 | Y/Y Change |
|---|---|---|
| Net income | 19.85B | 21.07% |
| Cash from operations | 15.32B | -31.33% |
| Cash from investing | -11.03B | -31.07% |
| Cash from financing | -3.16B | 76.78% |
| Net change in cash | 1.13B | 270.57% |
| Free cash flow | 7.96B | 283.43% |
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IGL Share Price Target From 2024 to 2030
| Year | Target Price |
|---|---|
| IGL Share Price Target 2024 | ₹465 |
| IGL Share Price Target 2025 | ₹590 |
| IGL Share Price Target 2026 | ₹710 |
| IGL Share Price Target 2027 | ₹850 |
| IGL Share Price Target 2028 | ₹985 |
| IGL Share Price Target 2029 | ₹1140 |
| IGL Share Price Target 2030 | ₹1270 |
IGL Shareholding Pattern
- Retail & Other: 12.52%
- Promoters: 45.00%
- Foreign Institution: 19.29%
- Mutual Funds: 10.41%
- Other Domestic Institutions: 12.78%
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IGL Competitors/Peer Companies
- Adani Total Gas
- GAIL (India)
- Petronet LNG
- Gujarat Gas
- GSPL
- Mahanagar Gas
- IRM Energy
- Positron Energy
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Conclusion
IGL Share price targets from 2024 to 2030 suggest a steady upward trajectory, reflecting IGL’s strong fundamentals, consistent financial performance and strategic market expansion. For investors, IGL represents an attractive opportunity in the clean energy sector, supported by its proven track record and potential to benefit from India’s green energy revolution.
While the company’s growth prospects remain promising, it is important to take into account market dynamics, competition and macroeconomic changes before making an investment decision. Diversification and thorough research are essential to mitigate risks and optimize portfolio performance.
Investing in IGL is not only in line with the sustainable growth outlook but also offers potential gains in the rapidly evolving energy sector. As the company continues to expand its footprint, it remains a key player in shaping India’s energy future.
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FAQs
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Is IGL a good share to buy?
Yes.
-
Is IGL bullish or bearish?
Bullish.
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Is IGL overvalued or undervalued?
Undervalued.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company.
