Company: Indraprastha Gas Ltd. Category: IPO Notes

Indraprastha Gas (IGL) reported 4QFY19 earnings of Rs2,255mn, up 14% QoQ and 29% YoY.
May 27, 2019, 1:59 p.m.

Volume traction likely to continue over medium term while spreads likely to be sustain.
May 25, 2019, 2:04 p.m.

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.

Indraprastha Gas (IGL) reported 3QFY19 earnings of Rs1,980mn, up 5.7% QoQ and 19.3% YoY. Earnings growth was driven by: 1) Increase in CNG sales volume from 358mmscm in 3QFY18 to 405mmscm in 3QFY19, flat QoQ and up 13% YoY.
Feb. 7, 2019, 11:30 a.m.

We maintain our FY19/20E earnings. IGL remains a play on rising pollution concerns. Expanding geographical reach coupled with increased cars/taxis conversion and new bus addition in Delhi will drive earnings.
Feb. 6, 2019, 11:32 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.

IGL reported revenues of Rs12,874mn for 1QFY19, an increase of 4.4% QoQ and 22.7% YoY.
Aug. 13, 2018, 10:37 a.m.

Indraprastha Gas Limited (IGL) is an India-based city gas distribution company. The Company's business consists of sale of natural gas. The Company’s revenue for the Q4 FY18 rose by 22.61% to Rs.13566.80 mn from Rs.11064.90 mn, when compared with the prior year period.
July 24, 2018, 12:03 p.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.
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