Please refer to important disclosures at the end of this report
1
Indraprastha Gas Limited is engaged in retail gas distribution business for suppl
y
of compressed natural gas (CNG) to transport sector and piped natural gas
(PNG) to domestic, industrial & commercial sectors in Delhi and National Capital
Region. Indraprastha gas distributor put up a stellar show in the June quarter.
Strong volume growth, coupled with expansion in margin and with lower gas
sourcing cost resulted into good quarterly numbers. The company's prospects
look quite bright with the demand growth expected to be healthy. The compan
y
has reduced its debt and has been maintaining a healthy dividend payout o
f
20.66%. With a strong balance sheet and minor debt, it gives Indraprastha Gas
an adequate financial strength to fund its expansion plans. Hence Buy
BUY
CMP `790
Stock Info
Sector
Beta 0.6
Bloomberg Code IGL IN
Shareholding Pattern (%)
Promoters 45.0
MF / Banks / Indian Fls 21.1
FII / NRIs / OCBs 20.0
Indian Public / Others 13.9
Abs. (%) 3m 1yr 3yr
Sensex 6.3 8.1 53.2
Indraprastha Gas 39.1 69.4 202.9
Nifty 8,810
Reuters Code IGAS.BO
Face Value (`)10
BSE Sensex 28,532
52 Week High / Low 808/454
Avg. Daily Volume 66,427
Gas Distribution
Market Cap (` cr) 11,063
Vaibhav Agrawal
022 – 3935 7800 Ext: 6808
Indraprastha Gas
Others | Gas Distribution
September 6, 2016
Indraprastha Gas | Gas Distribution
September 6, 2016
2
Research Team Tel: 022 - 39357800 E-mail: [email protected] Website: www.angelbroking.com
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