Buy Indraprastha Gas @ rs.558.10 // Niyati pandya // 3rd feb 2016

[niyati pandya]

Indraprastha Gas Limited

Indraprastha Gas Limited (IGL), is one of India's leading natural gas distribution companies. Established in 1998, the company operates primarily in the National Capital Region (NCR) of New Delhi. IGL was incorporated in 1998, to take over and operate the Delhi City Gas Distribution Project from GAIL for laying a network of gas distribution pipelines in the NCR. The company started as a joint venture between GAIL and Bharat Petroleum.

The company went public in 2003, listing on the Bombay Stock Exchange and the National Stock Exchange.

	Analysis
1	The CAGR for 5 years is 20.06% this is significantly higher than the GDP 7.5%.
2	The Power and Fuel are constant for the past 5 years.
3	OPM (%) is also constant for the past 5 years.
4	On the capital based on 140 crores, they have generated reserves of 1,950 crores
5	Gross block has ↑ because of purchase of assets. Net block has↓ this is due to ↑ in depreciation.
6	↑ in depreciation may be due to change in depreciation method or increased in fixed assets
	Interest has gone down this is because of ↓ in loans.
7	ROI(OB) is 11.88%