The scrip opened at Rs 525.75 and touched an intraday high and low of Rs 525.75 and Rs 502.4, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 594.85 and a 52-week low of Rs 364.3.
As per BSE, the total market cap of the Indraprastha Gas Ltd. stood at Rs 35287.04 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 1472.07 crore for the quarter ended 31-Dec-2020, up 0.07 per cent from previous quarter’s Rs 1471.05 crore and up 13.5 per cent from the year-ago quarter’s Rs 1701.73 crore.
The net profit for latest quarter stood at Rs 381.83 crore, up 28.4 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2020, DIIs held 6.25 per cent stake in the company, while foreign institutional investors held 23.22 per cent and the promoters 45.0 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 32.43 and a price-to-book ratio of 5.08. 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.
