Price History
Indraprastha Gas shares experienced a 6% rise following an increase in CNG prices, with Delhi rates at ₹83.09/kg. Analysts predict further growth due to the stock's reclamation of key moving averages, setting a potential target of ₹180.
IGL stocks experience a 2% increase following the surge in CNG prices, indicating investor confidence in the company's potential profitability from higher fuel costs.
Today, the fourth-quarter results of key companies like Hindalco, Eicher Motors, Indian Oil Corporation Limited (IGL), and Oil and Natural Gas Corporation (ONGC) are highly anticipated. Investors will be closely monitoring these firms for any significant market updates.
Investment firm Emkay maintains its positive stance on Indraprastha Gas, setting a price target of ₹180. This implies a possible increase of about 14% from current levels, indicating continued growth potential for the company.
IGL anticipates a 10-13% increase in CNG sales for the fiscal year 2026-27, aiming for a total sales volume of 10.67 standard cubic meters per day. The company's domestic sales could surge by 20% over the same period, thanks to the National PNG Drive 2.0, which is projected to add around 3-4 lakh new customers annually.
IGL is grappling with issues related to gas sourcing and pricing due to geopolitical complications, causing an increase in gas prices. Despite these challenges, the company anticipates a growth of 10-13% in CNG sales volume next year, following a rise of 3.7L in domestic connections this year.
Indraprastha Gas reported a 10% increase in CNG sales due to Delhi's transition towards electric buses, with revenue reaching INR 4,163 crores for Q4FY26. The growth in PNG is attributed to government support. Despite volatile LNG prices, the sourcing mix remained steady, yielding an EBITDA margin of 10.2% and a PAT of INR 277 crores.
IGL aims for EBITDA of INR 7-8 per SCM, anticipates a challenging Q1, and plans capital expenditure of approximately INR 1.4-1.5 billion. Improved gas costs due to new traffic rules could potentially enhance profits for CNG and domestic users.
IGL's Q4 performance has sparked varying predictions among brokerages such as Morgan Stanley, Nuvama, and others regarding its share price in 2026. The targets range from optimistic to more conservative, indicating a diverse outlook for the company's future.
Systematix continues to recommend buying Indraprastha Gas Ltd (IGL), boosting its target price to Rs 212, thanks to increasing CNG vehicles and strategic rate adjustments. Q4 FY26 results reveal a 5.5% year-on-year revenue growth for IGL, with both CNG and PNG volumes seeing gains, despite margin challenges due to escalating gas expenses.
Indraprastha Gas aims for a 10-13% increase in CNG sales over the next two fiscal years (FY26-27), attributing this to the last quarter's sales volume.
Motilal Oswal maintains a positive stance on Indraprastha Gas, boosting its price target to ₹220, suggesting continued investment in the company.
Top picks for today (May 19) feature companies like IGL, Paytm, Power Grid, KEC Intl, NHPC, and Bajaj Finance. Analysts suggest potential investment strategies, ranging from buying, selling, or holding these stocks, as per ET NOW.
Morgan Stanley maintains an equal weight rating for IGL, setting a target price of ₹205. This decision is based on a noted lag in 6% year-on-year volume growth compared to industry peers. Despite EBITDA margins being below mid-cycle due to increased gas costs, recent price hikes are expected to offset nearly 90% of these additional expenses.
IGL's Q4 EBITDA fell short of expectations by 3%, primarily due to a rise in operational costs associated with increased staffing and raw material expenses, as suggested by Nomura.
IGL reveals that about two-thirds of their contracts are tied to the Henry Hub gas prices. This suggests potential volatility in their revenue and profitability due to changes in US gas prices.
Indraprastha Gas Ltd (IGL) reported a 25% drop in its Q4 profit compared to last year, reaching ₹341 crore. However, the company managed to boost revenue by 6%, indicating some resilience despite the profit decline.
Effective May 2026, Indraprastha Gas announces the appointment of Manjeet Singh Gulati as their new Chief Financial Officer. With over two decades of financial expertise and multiple accounting qualifications under his belt, he takes over from Sanjay Kumar.
Indraprastha Gas Limited anticipates a significant growth of more than 20% in their industrial, PNG, and commercial sectors over the next 2-3 years, fueled by ongoing projects within these core business segments. (CNBC TV18)
Several notable companies such as BEL, BPCL, Mankind Pharma, Zydus, BASF India, Zee Entertainment, Bosch, and PI Industries are set to release their Q4 earnings on May 19th. Investors will closely watch these reports for insights into their financial performance.
Morgan Stanley maintains its neutral stance on Indraprastha Gas, setting a target price of INR 205, suggesting potential for steady growth but not significant outperformance compared to other stocks in the sector.
Indraprastha Gas Q4 profits dip by 21%, owing to increased gas expenses, but they managed to record revenue growth during this period.
Indraprastha Gas offers a stable outlook for profitability and operational efficiency, expecting long-term earnings before interest, taxes, depreciation, and amortization (EBITDA) per standard cubic meter (SCM) to remain between Rs 7-8.
Indraprastha Gas reported a decline in quarterly net profit, dropping from ₹3.6 billion to ₹2.77 billion compared to the previous quarter. On a positive note, revenue rose significantly, reaching ₹45.84 billion in Q4, up from ₹44.9 billion in the preceding quarter.
Indraprastha Gas Ltd. recently executed a significant block trade on the NSE, amounting to approximately 6 million shares priced at INR 156.4 each, equating to INR 94.5 crore.
Indraprastha Gas' Q4 profit fell short of expectations, reporting at ₹277.1 crore compared to the estimated ₹321 crore. EBITDA margin also decreased to 10.2%. Despite a 6% year-on-year revenue growth, the company announced a dividend of ₹1.50 per share. Shares closed at ₹152, marking a minor drop of 0.1% on the day.
Indraprastha Gas Ltd has announced its financial results for the fiscal year 2025-26, showing a notable increase in revenue from operations, reaching ₹17,845.7 crore compared to ₹16,451.3 crore in the previous year. The board of directors proposed a final dividend of ₹1.50 per share for this fiscal year, subject to shareholder approval, representing a 75% payout.
Today's focus for investors lies with Tata Steel, Vodafone Idea, IGL, and Coal India, as their Q4 results and any news-related price movements are expected to be significant.
IGL increases CNG costs for the second consecutive day due to escalating global economic risks. Fuel prices like petrol, diesel, and LPG are facing significant losses worldwide.
Today, Indian Oil Corporation Limited (IOCL), Indo Gulf Fertilizers Ltd (IGL), and JSW Cement are set to release their Q4 results. These companies are part of the 100 corporations disclosing their earnings today. Investors will be closely watching these reports for insights into each company's performance in the last quarter.
Starting May 17, 2026, Indian Gas Limited (IGL) has increased the price of CNG by ₹1/kg. The increase is due to rising gas input costs and the strengthening US dollar.
The shares of CGD companies show a mixed reaction after the CNG price increase. MGL saw a gain of 2%, while IGL experienced a drop of 2.2%. This price hike could potentially impact household budgets and corporate profit margins, according to analyst warnings about the potential rise in inflation.
Indraprastha Gas has increased the price of Compressed Natural Gas (CNG) by Rs. 2 per kilogram. The announcement was made by a spokesperson for the company.
Indraprastha Gas Ltd recently executed a substantial block deal on the NSE, worth approximately INR 79 crores. This transaction was for 4.7 million shares priced at around INR 167.52 each.
Indraprastha Gas Limited experienced a significant block trade on the NSE, selling off nearly 4.01 million shares for approximately INR 67.3 crores ($9.2 million) each share priced at INR 168.
Liquified Natural Gas (IGL) reports a significant increase in domestic demand for PNG, tripling due to the tensions in West Asia. IGL's MD, Kamal Kishore Chatiwal, mentions daily connections have surged from 600 to around 2,100-2,200.
Indraprastha Gas Limited carried out a significant block trade on the NSE, selling 4.5 million shares for a total value of approximately INR 71.4 crores ($9.6 million) at a price of INR 157.8 per share.
The Petroleum and Natural Gas Regulatory Board (PNGRB) has instructed IGL to establish 30,000 new PNG connections by June. In response, IGL anticipates maintaining stable prices for both PNG and CNG while suggesting a shift towards specific gas tax rates.
Indraprastha Gas Ltd anticipates minimal change in PNG and CNG prices, despite increased gas costs from the Middle East crisis. The company aims to add 30,000 new PNG connections daily by June, driven by enhanced infrastructure enabling faster growth.