Indraprastha Gas Share Price Target 2026 to 2030

Indraprastha Gas Limited (IGL) is a leading city gas distribution (CGD) company in India, primarily serving the National Capital Region (NCR)—including Delhi, Noida, Greater Noida, Ghaziabad, Gurugram, and parts of Uttar Pradesh, Haryana, and Rajasthan. Incorporated in 1998 as a joint venture between GAIL (India) Ltd (45%), Bharat Petroleum Corporation Ltd (BPCL) (45%), and the Government of NCT of Delhi (5%), IGL operates over 800 CNG stations and supplies piped natural gas (PNG) to more than 25 lakh residential and commercial customers. As India pushes toward cleaner fuels under its net-zero 2070 roadmap, IGL is strategically positioned to benefit from rising demand for CNG and PNG. This article provides a data-backed outlook on the Indraprastha Gas share price target 2026–2030.

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Share Price Target

Indraprastha Gas Ltd: Company Overview

Founded: 1998
Headquarters: New Delhi
Key Segments: CNG for transport, PNG for households & industries
Infrastructure: 819+ CNG stations, 25.6 lakh+ domestic PNG connections
Ownership: JV of GAIL (45%), BPCL (45%), GNCTD (5%) → Not fully government-owned, but PSU-backed
Market Position: Largest CGD player in North India

IGL benefits from strong brand recognition, first-mover advantage, and a near-monopoly in Delhi’s CGD market. Its asset-light model, low capex intensity, and high cash conversion make it a resilient utility stock.

Indraprastha Gas Ltd: Key Financial Snapshot

Metric	Value
Current Share Price	₹174.80
Market Capitalization	₹24,472.03 Cr
No. of Shares Outstanding	140 Cr
52-Week High / Low	₹285 / ₹153
P/E Ratio (TTM)	17.95
P/B Ratio	2.50
EPS (TTM)	₹9.74
Book Value (TTM)	₹70.02
ROE	16.46%
ROCE	22.00%
Dividend Yield	4.00%
Face Value	₹2
Cash	₹2,256.80 Cr
Total Debt	₹0 Cr
Debt-to-Equity	0.00
Sales Growth (YoY)	6.63%
Profit Growth (YoY)	-16.05%
Promoter Holding	45.00%

Indraprastha Gas Ltd Share Price Target Forecast (2026–2030)

Year	Target Price Range (₹)
2026	₹190 – ₹215
2027	₹205 – ₹235
2028	₹220 – ₹260
2029	₹235 – ₹285
2030	₹250 – ₹310

Indraprastha Gas Ltd Share Price Target 2026

Year	Share Price Target 1	Share Price Target 2
2026	₹190	₹215

IGL reported a 16.05% YoY profit decline in FY2025 due to higher input costs and one-time regulatory adjustments. However, its core operations remain robust, with stable volume growth in CNG and PNG. Trading at a P/E of 17.95x—slightly below its 5-year average—and offering a 4% dividend yield, the stock appears fairly valued. With zero debt and ₹2,256 Cr in cash, IGL has strong balance sheet flexibility. A 2026 target of ₹190–₹215 assumes normalization of margins and continued volume growth.

Indraprastha Gas Ltd Share Price Target 2027

Year	Share Price Target 1	Share Price Target 2
2027	₹205	₹235

IGL’s expansion into new geographies (e.g., Kanpur, Ajmer, Rewari) and growing EV-CNG competition mitigation through fleet partnerships (e.g., buses, autos) support long-term demand. If sales grow at 8–10% CAGR and margins stabilize near 14–15%, EPS could reach ₹11–₹12 by FY27. At a P/E of 18–19x, the 2027 range of ₹205–₹235 is justified.

Indraprastha Gas Ltd Share Price Target 2028

Year	Share Price Target 1	Share Price Target 2
2028	₹220	₹260

By 2028, the full benefits of infrastructure scaling and operational leverage should reflect in profitability. IGL’s high ROCE (22%) and consistent cash flow generation support shareholder returns. Assuming EPS of ₹12–₹13.50 and P/E of 18–20x, the ₹220–₹260 band is realistic.

Indraprastha Gas Ltd Share Price Target 2029

Year	Share Price Target 1	Share Price Target 2
2029	₹235	₹285

Long-term tailwinds include India’s push for 10% gas in energy mix (from ~6.5% today) and urban air quality regulations favoring CNG. IGL’s monopoly-like position in Delhi ensures pricing power. Using a P/E of 19–21x on projected EPS (~₹12.50–₹14), the 2029 target is ₹235–₹285.

Indraprastha Gas Ltd Share Price Target 2030

Year	Share Price Target 1	Share Price Target 2
2030	₹250	₹310

Over a five-year horizon, IGL’s value lies in its defensive utility profile, high dividends, and clean energy alignment. While not a high-growth stock, it offers steady compounding with income. A terminal P/E of 20–22x on FY30 EPS (~₹12.50–₹14) supports the ₹250–₹310 range.

Indraprastha Gas Ltd: Shareholding Pattern

Category	Holding (%)
Promoters (GAIL + BPCL + GNCTD)	45.00%
Domestic Institutional Investors (DII)	29.16%
Foreign Institutional Investors (FII)	17.00%
Public & Retail	8.83%
Others	0%

High institutional ownership (46%+) reflects confidence in governance and cash flow stability.

Indraprastha Gas Ltd: Strengths vs Risks

Strengths:

Zero debt and strong cash reserves (₹2,256 Cr)
High and consistent dividend yield (4%) with ~70% payout ratio
Monopoly-like position in the Delhi CGD market
Industry-leading ROCE (22%) and ROE (16.46%)

Risks:

Short-term profit volatility due to regulated tariff revisions
Competition from EVs in the public transport segment
Dependence on GAIL/BPCL for gas supply (though mitigated by long-term contracts)
Recent profit decline (-16.05%) may weigh on sentiment

Investment Suitability

Factor	Assessment
Risk Profile	Low to Moderate
Ideal Time Horizon	3–5+ years
Volatility	Lower than market average (utility stock)
Dividend/Income Potential	Yes (4% yield + consistent payouts)
Best For	Conservative investors seeking clean energy exposure with income

Is Indraprastha Gas share good to buy?

Yes, for long-term portfolios seeking a high-quality, debt-free utility stock with dividends. Current valuation (P/E: 17.95x) is fair—not cheap, but reasonable given its ROCE and cash flow.

Which is better, IGL or MGL?

Both are strong CGD players:

IGL: Stronger in North India (Delhi-centric), higher ROCE (22% vs MGL’s ~18%), zero debt
MGL: Dominant in Mumbai, slightly higher growth but carries modest debt

For safety and dividends, IGL edges ahead. For regional diversification, consider both.

Is Indraprastha Gas a government company?

No. It is a joint venture between two PSUs (GAIL and BPCL, 45% each) and the Delhi government (5%). While backed by PSUs, it operates as a listed private entity—not a Maharatna/Navratna PSU.

What is the record date for Indraprastha Gas bonus shares?

IGL has not announced any bonus issue in recent years. The company focuses on cash dividends instead. Always check BSE/NSE announcements for official updates.

Final Verdict

Indraprastha Gas Ltd combines monopoly advantages, financial prudence, and clean energy tailwinds. Despite short-term profit pressure, its zero-debt balance sheet, 4% dividend yield, and 22% ROCE make it a compelling defensive holding. Our Indraprastha Gas share price target 2026–2030 (₹190 to ₹310) reflects steady appreciation with income—a rare blend in India’s energy sector.

Disclaimer: Price targets are estimates based on publicly available data and sector analysis. They are not investment advice. Consult a SEBI-registered advisor before making decisions.

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