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IGL: Quality gas play at a premium

IGL's valuation is fair, given zero debt on its books, monopoly in operations and long-term growth drivers

June 29, 2021 / 10:11 AM IST
IGL: Quality gas play at a premium

If you intend to save money for your daughter’s education over more than ten years, then complimenting Sukanya Samriddhi Yojana with systematic investment plans (SIP) in equity funds make sense.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Q4FY21 result performance Indraprastha Gas Ltd (IGL; CMP: Rs 534.70; Market Capitalisation: Rs 37,348 crore) reported a mixed set of numbers, with Q4FY21 EBITDA rising by 31 per cent to Rs 492 crore and total volumes at 614 mmscm (8.3 per cent YoY & 6.6 per cent QoQ). EBITDA/scm was at Rs 8, up 21 per cent over Q4FY20, largely due to a record fall in crude oil and gas prices. Revenue grew 7 per cent over Q3FY21 but remained flat...

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