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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Indraprastha Gas Limited is a city gas distribution company. The Company is engaged in the sale of natural gas. It is focused on industrial and commercial business. It provides safe and uninterrupted gas supply to transport, domestic, commercial and industrial consumers…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, reasonably priced.
Indraprastha Gas is scored on the commodity / cyclical framework. It keeps a slim 9.3% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 1.25× reported profit. Free cash flow is worth about 3.6% of its market value.
Over the last 3 years revenue compounded at 5%/yr and profit at -2%/yr. Book value has grown 13%/yr. Return on equity is a modest 8.7%. In the latest quarter profit fell 90% versus the prior quarter.
At 13× earnings, the stock sits at the 32nd percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price implies ~9%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 20.03 | 10.37 | worse |
| P/B | 1.72 | 1.37 | worse |
| EV/EBITDA | 9.03 | — | — |
| ROE | 8.66 | 16.03 | worse |
| ROCE | 11.02 | 14.23 | worse |
| ROA | 5.47 | — | — |
| Quick Ratio | 1.14 | 2.58 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| GAIL | 9.7 | 1.3 | 13.1% |
| Adani Total Gas | 98.6 | 12.2 | 12.4% |
| Petronet LNG | 10.3 | 2.0 | 19.1% |
5% CAGR — growing but slowly.
Revenue is outpacing profit (5% vs -2%) — costs are rising faster than the top line.
Operating margin has compressed from 15% to 12% — costs or competition are eating into profitability.
ROE at 13% — a respectable return on shareholder capital. Capital efficiency declining — ROE down 7pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (-2% vs -22%) — share dilution is eroding per-share value. -22% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 1.3× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 12% sequentially — momentum is building. Run-rate stepping up — recent quarters average 18% above earlier ones.
Profit fell 90% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly margins are compressing (9% → 0%) — more revenue isn't translating to proportionally more profit.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters at 45.0% — dispersed ownership; institutional flows drive the stock. FIIs trimmed 7.3pp — foreign money is rotating out. MF holding up 6.2pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.