Company: Indraprastha Gas Ltd. Category: Broker Research

The Delhi Cabinet aims to introduce 1,000 electric buses by Jun’20. This is in addition to CNG buses (500 low-floor and 500 normal).
March 12, 2019, 11:14 a.m.

In the second quarter the company reported steady volume growth of 12.9% on a y-o-y basis to 5.89 mmscmd supported by a healthy rate of vehicle conversions to CNG (at 4,000 4Ws per month).
Jan. 1, 2019, 11:21 a.m.

The government intends to increase natural gas share in the country’s energy mix from current 6.5% to 15% by FY30E (world average is 24%).
Dec. 12, 2018, 10:57 a.m.

We have valued the company on SOTP basis. We feel investors could buy the stock at the CMP and add on declines to the Rs 227-231 band for sequential targets of Rs 279 and Rs 295 in 3 to 4 quarters.
July 2, 2018, 2:07 p.m.
Author : HDFC Sec | Publisher:

Indraprastha Gas: Initiating Coverage
Nov. 14, 2017, 10:14 a.m.
Author : Nirmal Bang | Publisher:

Indraprastha Gas’ (IGL’s) Q1FY18 volume momentum remains intact‐ Q1 overall sales volume growth was at 13% YoY and 3%QoQ. Q1 EBITDA and PAT of Rs2.78bn (+7%YoY) and Rs1.61bn (+9% YoY), was in‐line with our estimates despite higher other expenses from wage revision and provision for land rentals of Rs220m.
Oct. 4, 2017, 5:35 p.m.

Angel Broking recommend buy on Indraprastha Gas
Sept. 26, 2017, 4:20 p.m.

Indraprastha Gas Ltd.: Research Report - Ashika Research
Aug. 30, 2017, 7:16 p.m.
Author : Ashika Group | Publisher:

Addition of buses to trigger CNG volume growth: As per budget 2016-17, the government planned to add total 3000 buses: 1,000 low-floor-non-AC buses, 1,000 buses under cluster scheme and another 1,000 buses in the premium category.
Aug. 28, 2017, 12:09 p.m.
Author : Karvy | Publisher:

  • 1