{"id":7258,"date":"2015-04-17T16:34:38","date_gmt":"2015-04-17T11:04:38","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=7258"},"modified":"2015-04-17T18:08:32","modified_gmt":"2015-04-17T12:38:32","slug":"indraprastha-gas-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/indraprastha-gas-ltd\/7258","title":{"rendered":"Indraprastha Gas Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\">Incorporated in 1998, Indraprastha Gas Ltd (IGL) is the sole supplier of Compressed Natural Gas\u00a0(CNG) and Piped Natural Gas (PNG) in the National Capital Region. The company is a joint\u00a0venture between GAIL (India) Ltd and Bharat Petroleum Corporation Ltd. Its unique business\u00a0model is a result of various business transfers, strategic modifications and client acquisitions\u00a0giving the company an early-bird advantage in the market.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #2baae2; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/LP\/equity\/equities1.do?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Equity Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\"><strong>Valuation and view<\/strong><\/p>\n<p style=\"text-align: justify;\">Currently, IGL stock banks upon positive volume growth\u00a0catalysed by swelling auto demand, likely increase in the\u00a0quantity of DTC buses in NCR and the takeover of Maharashtra\u00a0Natural Gas Ltd. Going further, the company\u2019s tactical\u00a0extension plans will aid it in differentiating its revenue and thus\u00a0improving margins over the years. We remain hopeful on the\u00a0Supreme Court\u2019s awaited ruling on the PNGRB brawl as the\u00a0apex court is working out a compromise formula.<\/p>\n<p style=\"text-align: justify;\">At the CMP of Rs 422.0, the stock trades at P\/E of ~11.0x FY16E.\u00a0We recommend \u2018BUY\u2019 for this stock considering the\u00a0aforementioned aspects with a target price of Rs 521.0 placing a\u00a0P\/E multiple of 14x for FY16E, which implies potential upside of\u00a0~24% to the CMP from 1 year perspective.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/04\/Research-Report-Indraprastha-Gas-Ltd.pdf\">Research Report Indraprastha Gas Ltd<\/a><\/p>\n<p style=\"text-align: justify;\">\n","protected":false},"excerpt":{"rendered":"<p>Incorporated in 1998, Indraprastha Gas Ltd (IGL) is the sole supplier of Compressed Natural Gas\u00a0(CNG) and Piped Natural Gas (PNG) in the National Capital Region. The company is a joint\u00a0venture between GAIL (India) Ltd and Bharat Petroleum Corporation Ltd. Its unique business\u00a0model is a result of various business transfers, strategic modifications and client acquisitions\u00a0giving the [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indraprastha Gas Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest report on Indraprastha Gas Ltd. on FundsIndia Marketplace.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/indraprastha-gas-ltd\/7258\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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