Indraprastha Gas Ltd. shares up 0.74% as Nifty gains

NEW DELHI: Shares of Indraprastha Gas Ltd. traded 0.74 per cent up in Tuesday's trade at 11:38AM (IST). Around 44,032 shares changed hands on the counter.

The counter opened at Rs 448.35 and touched an intraday high and low of Rs 451.4 and Rs 445.5, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 534.4 and a 52-week low of Rs 284.55.

Total market cap of the Indraprastha Gas Ltd. stood at Rs 31377.54 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 1552.53 crore for the quarter ended 31-Mar-2020, down 6.71 per cent from previous quarter's Rs 1664.17 crore and down 0.64 per cent from the year-ago quarter's Rs 1542.64 crore.

The net profit for latest quarter stood at Rs 290.76 crore, up 27.48 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, domestic institutional investors held 7.52 per cent stake in the company, while foreign institutional investors held 22.77 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 25.12 and a price-to-book ratio of 5.86. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Indraprastha Gas Ltd. belongs to the Gas Distribution industry.