Indraprastha Gas logo

Indraprastha Gas share price

NSE: IGLBSE: 532514GasSmall Cap

Indraprastha Gas Limited · Face value ₹2 · Listed Dec 2003
Last close ₹141.64up ₹0.98 (0.70%)BSE ₹141.70

Share price at the NSE close on 29 Oct 2026. Previous close ₹140.66.

29 Oct: open ₹140.66, high ₹142.00, low ₹139.52

52-week range of traded prices to 29 Oct 2026
₹137.32Low, 23 Oct 2026₹219.10High, 4 Nov 2025
Market cap
₹19,830 Cr317th largest listed
P/E
14.60
P/B
1.72
Dividend yield
3.35%
ROE
12.3%
ROCE
9.5%
Debt to equity
0.00
Volume, NSE
10,32,34350.8% delivered

Indraprastha Gas share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−33.3%over a year · Nifty Oil & Gas −13.7% · Nifty 500 −8.4%

Results20-session average 16,18,069 shares a day, 47.4% delivered

About Indraprastha Gas

Indraprastha Gas Limited is a city gas distribution company that supplies compressed natural gas (CNG) to vehicles and piped natural gas (PNG) to homes, commercial establishments and industries.1 It operates in the National Capital Territory of Delhi and in districts of Uttar Pradesh, Haryana and Rajasthan, among them Noida, Ghaziabad, Gurugram, Kanpur, Karnal and Ajmer.23

Besides CNG and PNG, it is developing liquefied natural gas (LNG) infrastructure for long-haul transport.4 Its network covers 12 geographical areas, the zones the regulator licenses for city gas, across 32 districts.5

It was incorporated in 1998 as a joint venture of GAIL (India) Limited and Bharat Petroleum Corporation Limited (BPCL), its promoters, which each held 22.50% of its shares at March 2026.67 GAIL nominates its managing director and BPCL its director (commercial), and the promoters appoint its chairman by rotation.8 It holds 50% each of Central U.P. Gas Limited, which supplies city gas in Kanpur, Bareilly, Jhansi and Unnao, and of Maharashtra Natural Gas Limited, which serves Pune, Nasik and other areas of Maharashtra and Ramanagara in Karnataka.9 It also owns 51% of IGL Genesis Technologies Limited, a meter manufacturing venture formed with Genesis Gas Solutions.1011

Indraprastha Gas key points

Results

  • Consolidated sale of natural gas (including excise duty) was ₹17,785.96 crore in the year to Mar 2026, and consolidated profit after tax ₹1,543.51 crore, against ₹1,713.01 crore a year earlier.1213
  • On its earnings call of 14 Aug 2026, the company reported a record quarterly turnover of ₹5,028 crore for the quarter to Jun 2026, EBITDA (earnings before interest, tax, depreciation and amortisation) of ₹296 crore and profit after tax of ₹186 crore.1415
  • Average gas sales were 9.66 million standard cubic metres a day (MMSCMD) in the quarter to Jun 2026, against 9.13 a year earlier, and a record 9.39 MMSCMD in the year to Mar 2026.1617

Sales mix

  • Share of gas sales volume by customer type18
    Itemyear to Mar 2026
    CNG for vehicles73.91%
    Industrial PNG9.80%
    Domestic PNG8.15%
    Sales to other city gas companies5.32%
    Commercial PNG2.82%
  • Approximate share of CNG sales by vehicle type, as stated on the earnings call of 14 Aug 202619
    Passenger cars48% to 50%
    Commercial vehicles19%
    Taxis14%
    Buses12%
    Auto-rickshaws7% to 8%

Where revenue comes from

  • In the quarter to Jun 2026, IGL's CNG sales grew 6% overall and 11% excluding Delhi Transport Corporation (DTC) buses: around 9% in Delhi and 27% in newer areas. DTC buses' use fell to almost zero from 1.5 lakh kg a day a year earlier.20

Branches and reach

  • IGL had 1,024 CNG stations at the end of March 2026, after adding 70 during the year, serving around 23 lakh CNG vehicles.2122
  • On its earnings call of 14 Aug 2026, the company said it had around 35 lakh domestic PNG connections and about 13,600 industrial and commercial connections.23
  • In the quarter to Jun 2026, IGL's steel pipeline network grew by about 25 km and its MDPE (polyethylene distribution pipe) network by almost 500 km.24
  • IGL runs liquefied natural gas (LNG) stations at Ajmer and Dadri, and is building 2 more, at Rewari and Greater Noida.25

Expansion and capital spending

  • Capital spending was ₹1,120 crore in the year to Mar 2026 and ₹327 crore in the quarter to Jun 2026.2226
  • On its earnings call of 14 Aug 2026, the company said its capital spending aim is roughly ₹1,800 crore to ₹2,000 crore: ₹1,200 crore to ₹1,300 crore, or at most ₹1,500 crore, on the core gas business and ₹500 crore to ₹600 crore for diversification.27
  • IGL's meter joint venture has begun commercial production, at a plant meant to produce 1 million meters per shift a year.2829

Clean energy projects

  • The company stated in its annual report for the year to Mar 2026 that it plans a 500 MWp (megawatts peak) solar plant in a joint venture with Rajasthan Vidyut Utpadan Nigam, and targets 2 GWp of renewable capacity.30
  • IGL has commissioned its own compressed biogas (CBG) plants at Narela, Delhi, for 100 tonnes of municipal waste a day, and at Kaithal, with a processing capacity of 250 tonnes a day of spent wash and pressmud (distillery and sugar-mill waste).3029
  • On 19 Dec 2025, IGL signed a joint venture agreement with Hindustan Waste Treatment for compressed biogas projects, each partner to hold 50%.3132
  • On 25 Nov 2025, IGL signed a joint venture agreement with CEID Consultants & Engineering for compressed biogas projects, each partner to hold 50%.3334

What the company expects

  • On its earnings call of 14 Aug 2026, the company said its long-term guidance remains EBITDA of around ₹7 per standard cubic metre of gas, while near-term margins are hard to predict given the geopolitical situation.35
  • On its earnings call of 14 Aug 2026, the company said Delhi's rule allowing only electric auto-rickshaws to be newly registered from 1 Jan 2027 would cut its CNG volumes by less than 1% in 2027.36
  • On its earnings call of 14 Aug 2026, the company said the wider Delhi electric vehicle policy, which also covers new commercial vehicle registrations from 1 Jan 2027, would cut its CNG volumes by around 2% to 3% by 2030.37

Litigation and regulatory matters

  • The Delhi Development Authority demands ₹330.73 crore, excluding interest, in raised licence fees to March 2016 on land leased to IGL for CNG stations; as of its annual report of 2 Sep 2026, IGL considered it not tenable and made no provision.38
  • The Delhi High Court disposed of IGL's petition on 11 Mar 2026, sending the parties to AMRCD, a government forum for disputes between public bodies; as of the same report, IGL was preparing its filing there.39
  • On its earnings call of 14 Aug 2026, the company said it is still contesting in litigation the authorisation of parts of Gurugram, and has conditionally accepted, and begun serving, the part allotted to it.4041

Last updated

All 41 sources, each with its page
  1. 1. Annual report, 2 Sep 2026, page 76
  2. 2. Annual report, 2 Sep 2026, page 126
  3. 3. Annual report, 2 Sep 2026, page 66
  4. 4. Annual report, 2 Sep 2026, page 15
  5. 5. Annual report, 2 Sep 2026, page 16
  6. 6. Annual report, 2 Sep 2026, page 62
  7. 7. Annual report, 2 Sep 2026, page 210
  8. 8. Annual report, 2 Sep 2026, page 32
  9. 9. Annual report, 2 Sep 2026, page 24
  10. 10. Annual report, 2 Sep 2026, page 62
  11. 11. Annual report, 2 Sep 2026, page 25
  12. 12. Annual report, 2 Sep 2026, page 214
  13. 13. Annual report, 2 Sep 2026, page 20
  14. 14. Earnings call, 14 Aug 2026, page 4
  15. 15. Earnings call, 14 Aug 2026, page 3
  16. 16. Earnings call, 14 Aug 2026, page 2
  17. 17. Annual report, 2 Sep 2026, page 16
  18. 18. Annual report, 2 Sep 2026, page 66
  19. 19. Earnings call, 14 Aug 2026, page 10
  20. 20. Earnings call, 14 Aug 2026, page 7
  21. 21. Annual report, 2 Sep 2026, page 62
  22. 22. Annual report, 2 Sep 2026, page 16
  23. 23. Earnings call, 14 Aug 2026, page 3
  24. 24. Earnings call, 14 Aug 2026, page 4
  25. 25. Annual report, 2 Sep 2026, page 25
  26. 26. Earnings call, 14 Aug 2026, page 4
  27. 27. Earnings call, 14 Aug 2026, page 12
  28. 28. Annual report, 2 Sep 2026, page 17
  29. 29. Annual report, 2 Sep 2026, page 93
  30. 30. Annual report, 2 Sep 2026, page 25
  31. 31. Exchange filing, 19 Dec 2025, page 1
  32. 32. Exchange filing, 19 Dec 2025, page 2
  33. 33. Exchange filing, 25 Nov 2025, page 1
  34. 34. Exchange filing, 25 Nov 2025, page 2
  35. 35. Earnings call, 14 Aug 2026, page 5
  36. 36. Earnings call, 14 Aug 2026, page 8
  37. 37. Earnings call, 14 Aug 2026, page 8
  38. 38. Annual report, 2 Sep 2026, page 150
  39. 39. Annual report, 2 Sep 2026, page 150
  40. 40. Earnings call, 14 Aug 2026, page 11
  41. 41. Earnings call, 14 Aug 2026, page 14

Results

Consolidated; ₹ crore.Indraprastha Gas quarterly results

Revenue growth, 12 months
+9.8%
Net profit growth, 12 months
−18.5%

Quarter to Jun 2026, against the quarter before

Revenue
₹5,043 Crup 10.01%
Net profit
₹238 Crdown 29.77%
Net margin
4.7%

Revenue by quarter

₹4,088 CrSep 24₹4,146 CrDec 24₹4,341 CrMar 25₹4,327 CrJun 25₹4,446 CrSep 25₹4,489 CrDec 25₹4,585 CrMar 26₹5,043 CrJun 26
Peak revenue ₹5,043 Cr, quarter to Jun 2026; lowest ₹4,088 Cr, quarter to Sep 2024

Net profit by quarter, a loss in red

₹454 CrSep 24₹325 CrDec 24₹453 CrMar 25₹428 CrJun 25₹385 CrSep 25₹392 CrDec 25₹339 CrMar 26₹238 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue4,0884,1464,3414,3274,4464,4894,5855,043
Net profit454325453428385392339238
Net margin11.1%7.8%10.4%9.9%8.7%8.7%7.4%4.7%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

In the year to Mar 2026 the company reports one business segment, NATURAL GAS, which carries all its revenue.

Valuation

Today, against the company's own history.Indraprastha Gas PE ratio and valuation

Price to earnings

At or below today's level on 5% of 2,479 trading days over the last 10 years.

LowestHighest
Its median22.89Industry median14.54
Price to book

At or below today's level on 0.3% of 1,978 trading days since Nov 2018.

LowestHighest
Its median3.94Industry median1.62
Dividend yield

At or below today's level on 92% of 2,475 trading days over the last 10 years.

LowestHighest
Its median0.84%Industry median1.73%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year−26.1%−9.8%−20.5%2.2%
3 years−10.0%−1.9%−10.4%2.1%
5 years−8.5%+5.7%−15.5%2.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Indraprastha Gas shareholding pattern

Shareholding by group

  • Promoters45.00%
  • Foreign institutions9.73%
  • Indian institutions30.08%
  • Governments5.00%
  • Individuals and others10.19%
Holder
BHARAT PETROLEUM CORPORATION LTDPromoter22.50%
GAIL (INDIA) LTDPromoter22.50%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies9.46%
GOVT OF NCT OF DELHIState governments5.00%
SBI LIFE INSURANCE CO. LTDInsurance companies1.51%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I1.20%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions −0.43 pts, Indian institutions +0.05 pts, mutual funds +0.61 pts.

Mutual fund holdings

84 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 61 of the 64 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 84 funds holding Indraprastha Gas

Added
21
Cut
43
Held unchanged
20
Sold out
3
Fund
PPFAS Mutual Fund logoParag Parikh Flexi Cap FundPPFAS Mutual Fund12,12,86,6301.22%₹1,766.1 Cr
HDFC Mutual Fund logoHDFC Mid Cap FundHDFC Mutual Fund5,11,41,8590.73%₹744.7 Cr
SBI Mutual Fund logoSBI Energy Opportunities FundSBI Mutual Fund1,11,83,6652.04%₹162.8 Cr
HDFC Mutual Fund logoHDFC Large & Mid Cap FundHDFC Mutual Fund85,28,6720.44%₹124.2 Cr
SBI Mutual Fund logoSBI PSU FundSBI Mutual Fund71,00,0001.63%₹103.4 Cr
Bandhan Mutual Fund logoBandhan Large & Mid Cap FundBandhan Mutual Fund68,01,9880.48%₹99.0 Cr
HDFC Mutual Fund logoHDFC Balanced Advantage FundHDFC Mutual Fund65,02,8800.09%₹94.7 Cr
HDFC Mutual Fund logoHDFC Manufacturing fundHDFC Mutual Fund43,00,0000.61%₹62.6 Cr
Aditya Birla Sun Life Mutual Fund logoAditya Birla Sun Life PSU Equity FundAditya Birla Sun Life Mutual Fund31,18,2150.79%₹45.4 Cr
PPFAS Mutual Fund logoParag Parikh ELSS Tax Saver FundPPFAS Mutual Fund17,66,3260.48%₹25.7 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 30 Oct 2025.Indraprastha Gas insider trading

No promoter, director, key manager or employee bought or sold on the market.

  • Others: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Indraprastha Gas competitors and peers

LPG/CNG/PNG/LNG Supplier, 8 listed companies, priced on 29 Oct 2026. The table lists the 7 companies closest to Indraprastha Gas in market cap.Oil and gas companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Adani Total Gas logoAdani Total GasATGL60,11693.6411.61+24.0%+2.6%13.3%12.5%0.05%
Petronet LNG logoPetronet LNGPETRONET43,37310.311.95−24.8%+13.4%20.0%21.9%3.46%
Gujarat Energy logoGujarat EnergyGUJENERGY19,785––+42.0%–––4.22%
Mahanagar Gas logoMahanagar GasMGL10,40114.541.62+11.3%−33.1%11.6%13.5%2.85%
Confidence Petroleum India logoConfidence Petroleum IndiaCONFIPET2,24616.721.58+72.5%–9.8%11.5%0.15%
IRM Energy logoIRM EnergyIRMENERGY1,01113.831.01+12.0%+80.9%7.5%9.4%0.61%
Axiom Gas EngineeringAXIOMGAS124––––––0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Indraprastha Gas dividend history

Dividend per share, ₹, restated for later splits and bonuses

1Mar 181.2Mar 191.4Mar 201.8Mar 212.8Mar 226.5Mar 234.5Mar 244.3Mar 253.3Mar 261.5Mar 27so far
Highest ₹6.50 a share, year to Mar 2023.
Ex-dateTypePer share
1 Oct 2026Dividend₹1.50
18 Feb 2026Interim₹3.25
15 Sep 2025Final₹1.50
12 Nov 2024Interim₹5.50
13 Sep 2024Final₹5.00
15 Nov 2023Interim₹4.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Indraprastha Gas announcements

Indraprastha Gas share price by year

Each calendar year to 2025.Indraprastha Gas share price history

YearClose at year endChangeHighest closeLowest close
2025194.57−6.4%227.98174.76
2024207.83−0.6%279.28155.70
2023209.18+1.1%253.25190.58
2022206.98−12.0%237.40165.88
2021235.20−6.4%295.73231.45
2020251.18+17.3%261.15152.48
2019214.08+60.2%216.70133.10
2018133.63−20.4%169.88110.48
2017167.90+82.8%167.9091.50
201691.83+73.6%91.8348.94
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 2026139.52142.43139.20140.66141.067,07,12143.1%
27 Oct 2026140.70143.59138.91139.52140.4317,33,35866.0%
26 Oct 2026140.80142.89138.23141.57141.0910,50,74939.9%
23 Oct 2026140.10142.74137.32141.71140.8433,38,65743.3%
22 Oct 2026141.90142.19139.24140.01140.6111,92,33148.0%
21 Oct 2026142.54143.55141.00142.31142.0110,68,37549.3%
19 Oct 2026143.15144.33142.18142.54143.065,99,14144.8%
16 Oct 2026145.25145.28142.75143.06143.947,91,80353.8%
15 Oct 2026144.50146.49142.72145.14144.9114,53,08749.6%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
31 Jan 2025Bonus0.5000Holders received 1 bonus share for every 1 held.
9 Nov 2017Split0.2000Each share became 5.
1 Jun 2012Price move–Between two trading sessions the price moved by a fifth or more. The company made an announcement in time for trading that day or the trading day before. Not adjusted for.
10 Apr 2012Price move–Between two trading sessions the price moved by a fifth or more. No corporate action is on record. Not adjusted for.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Any other event is noted and not adjusted for.

Company details

Chairperson
Subhanker Sen
At the end of the quarter to Sep 2026
Managing director
Kumar Shanker
At the end of the quarter to Sep 2026
NSE symbol
IGL
BSE code
532514
ISIN
INE203G01027
Industry
Gas
CIN
L23201DL1998PLC097614
Corporate identity number, the registrar of companies' code for it
Incorporated
1998
Registered office
4, IGL Bhawan, Community Centre, Sector-9, Rania Krishna Puram, New Delhi 110022, Delhi
Share registrar
KFin Technologies Ltd
Keeps the register of shareholders and handles transfers and dividend payments