IGL Stock Price: IGL shares up 2.38% as Nifty gains

The scrip opened at Rs 498.4 and touched an intraday high and low of Rs 513.6 and Rs 498.4, respectively, in the session so far. Shares of the company of Indraprastha Gas Ltd. quoted a 52-week high of Rs 594.85 and a 52-week low of Rs 364.3.

Total market cap of the Indraprastha Gas Ltd. stood at Rs 35696.54 crore at the time of writing this report.

Key Financials

The company reported consolidated net 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, domestic institutional investors 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 P/E multiple of 32.8 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.