IGL shares up 0.62% as Nifty gains

NEW DELHI: Shares of Indraprastha Gas Ltd. traded 0.62 per cent up in Tuesday's trade at 11:47AM (IST). Around 315,819 shares changed hands on the counter.

The stock opened at Rs 380.0 and touched an intraday high and low of Rs 382.8 and Rs 375.5, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 604.0 and a 52-week low of Rs 322.1.

As per BSE, the total market cap of the Indraprastha Gas Ltd. stood at Rs 26624.53 crore at the time of writing this report.


Key Financials
The company reported consolidated sales of Rs 2245.83 crore for the quarter ended 31-Dec-2021, up 19.89 per cent from previous quarter's Rs 1873.24 crore and up 52.56 per cent from the year-ago quarter's Rs 1472.07 crore.

The net profit for latest quarter stood at Rs 374.76 crore, down 1.85 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2022, domestic institutional investors held 8.28 per cent stake in the firm, while foreign institutional investors held 19.88 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 18.41 and a price-to-book ratio of 5.64. 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.