Indraprastha Gas Ltd., incorporated in the year 1998, is a Large Cap company (having a market cap of Rs 39501.05 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 1446.16 Crore, up .38 % from last quarter Sales of Rs 1440.74 Crore and down 13.10 % from last year same quarter Sales of Rs 1664.17 Crore Company reported net profit after tax of Rs 334.87 Crore in latest quarter.
Investment Rationale
The stock trades at around 29.5x FY23E EPS of INR18.8 and EV/EBITDA of 18.9x in FY23. On a one-year forward PE basis, the company trades at 79% premium to its long-term average of 17.5x.
Promoter/FII Holdings
Promoters held 45 per cent stake in the company as of Dec 30, 2020, while FIIs held 23.2 per cent, DIIs 21.1 per cent and public and others 10.7 per cent.
