If you think about which stock will be the best investment in recent times, then you should know about Indraprastha Gas Ltd Share Price Target. Today in this blog post I will discuss the basics of Indraprastha Gas Ltd Share Price Target for 2024, 2025, and 2030. We did deep research and took expert advice to write this blog post and to understand the basics of the company’s growth, performance, Future Plans, etc Of Indraprastha Gas Ltd.
Indraprastha Gas Ltd is an LPG/CNG/PNG/LNG Supplier sector company listed in both BSE and NSE. In this blog post, we will discuss Indraprastha Gas Ltd’s financial growth, business policies, the shareholding pattern, and its forecast of share price yearly. we use a lot of website data to analyze and understand Indraprastha Gas Ltd’s fundamentals and its future Share Price prediction from 2024 up to 2030.
About Indraprastha Gas Ltd.
Indraprastha Gas Ltd is an LPG company that was incorporated in the year of 1998 as a joint venture of GAIL and BPCL. The headquarters of Indraprastha Gas Ltd is located in New Dehli, Dehli. The company mainly engaged in the distribution of commercial and domestic gas.
Business Areas of Indraprastha Gas Ltd.
The company provides a safe and convenient natural gas supply to its domestic and commercial customers.
The company also provides clean and environmentally friendly auto fuel to residents of the area of NCT of Dehli and utter Pradesh and Rajasthan.
Products of Indraprastha Gas Ltd.
PNG contains mainly methene with a small percentage of other higher hydrocarbons.
CNG means compressed natural gas a mixture of hydrocarbons mainly methane used in automobiles as fuel.
Fundamentals of Indraprastha Gas Ltd.
| Market Cap | 39,232 Cr. |
| P/E | 23.7 |
| P/B | 4.36 |
| Dividend Yield | 1.7 % |
| Book Value (TTM) | 125.46 |
| Cash | 2,190.40 Cr. |
| Debt | 0 Cr. |
| EPS (TTM) | 27.74 |
| Sales Growth | -0.94 % |
| ROE | 22.36 % |
| ROCE | 29.86 % |
| Profit Growth | 20.97 % |
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Fundamental Analysis of Indraprastha Gas Ltd.
Before investing we need to understand Indraprastha Gas Ltd’s major ratios like PE ratio, return on assets, earnings per share, and return on equity, etc. In this section, I will discuss the past financial performance of Indraprastha Gas Ltd and its future Share Price prediction based on the ratios analyzed below.
PE Ratio
Indraprastha Gas Ltd has a 23.7% PE ratio compared to its sector PE ratio of 23.5%, indicating that the stock is valued similarly to the average within its sector but at a marginal premium.
Profit Growth
The profit growth of Indraprastha Gas Ltd for the last was 1 year is 20.97%, for the last 3 years 20.24%, and last 5 years 17.32%, indicating that the company has been performing well and improving its profitability steadily.
Return on Assets
Indraprastha Gas Ltd’s Return on assets has increased from 12.27% in 2023 to 13.32 % in 2024, indicating that the company has improved its efficiency in using its assets.
Return on Equity
The Return on Equity of Indraprastha Gas Ltd for the last was 1 year is 22.36%, for the last 3 years 21.17%, and last 5 years 21.17%, indicating stable and strong ROE figures over both the short-term and long-term periods.
ROCE
The ROCE of Indraprastha Gas Ltd has increased from 25.69% in 2023 to 25.62% in 2024, indicating that the has improved its efficiency in using its capital employed over the period.
Dividend Yield
Indraprastha Gas Ltd is paid a dividend of 5 Rs. And the yield is 250%. in 2024. and the company pays regular dividends to its shareholders.
Earnings per Share
The current year EPS of Indraprastha Gas Ltd is 27.74 Rs., Generally higher EPS is better for its investors.
Share Holding Pattern of Indraprastha Gas Ltd.
Promoters: 45%
Public: 8.74%
FII (Foreign Institutional Investors): 16.16%
DII (Domestic Institutional Investors): 30.1%
Promoters Holding
Promoter shareholding in the company is 45%, which indicates that promoters have strong confidence in the company’s future performance. This is a positive sign, suggesting that those who are most familiar with the company have a vested interest in its success.
FII Holding
FII holds 16.16 of Indraprastha Gas Ltd’s stake, which indicates that the company is attractive to foreign investors.
DII Holding
DII holds 30.1% of Indraprastha Gas Ltd’s stake, indicating strong interest and confidence from domestic institutional investors.
Public Holding
Public holding in the company is around 8.74% which indicates that Indraprastha Gas Ltd has lower retail investor participation, which means less market volatility.
Indraprastha Gas Ltd Share Price Target from 2024 to 2030
| Year | Minimum Share Price Target | Maximum Share Price Target |
| 2024 | 473 | 605 |
| 2025 | 581 | 776 |
| 2026 | 761 | 967 |
| 2027 | 947 | 1194 |
| 2028 | 1162 | 1378 |
| 2029 | 1344 | 1553 |
| 2030 | 1527 | 1816 |
Indraprastha Gas Ltd Share Price Target 2024
In this volatile market the gives massive movement and breaks its previous high of 515 and now trading near its all-time high of 602. Now the stock is no its support level, if the stock sustains above this level then the stock will continue its up trend and break its all-time So as per expert’s analysis, Indraprastha Gas Ltd’s Share Price Target 2024 will be a minimum of 473 and a maximum of 605.
| Minimum Share Price Target | 473 |
| Maximum Share Price Target | 605 |
Indraprastha Gas Ltd Share Price Target 2025
Indraprastha Gas Ltd’s profit growth has increased over the last 1 year is 20.97% and over the last 3 years by 20.24% and over the last 5 years, 17.32%, indicating that the company makes consistent and substantial profit growth, which creates demand for the stock so Indraprastha Gas Ltd Share Price Target 2025 will be a minimum of 581 and a maximum of 776.
| Minimum Share Price Target | 581 |
| Maximum Share Price Target | 776 |
Indraprastha Gas Ltd Share Price Target 2026
Indraprastha Gas Ltd’s sales growth has increased over the last 1 year is -0.94% and over the last 3 years 41.51% and over the last 5 years, 19.42%, indicating that the company has mixed sales performance but the company is fundamentally strong. It can improve in the future, So we are expecting Indraprastha Gas Ltd Share Price Target 2026 will be a minimum of 761 and a maximum of 967.
| Minimum Share Price Target | 761 |
| Maximum Share Price Target | 967 |
Indraprastha Gas Ltd Share Price Target 2027
Indraprastha Gas Ltd’s debt-to-equity ratio is 0. This indicates that the company has low financial risk. All profits are used for R&D and Dividend payout, So we are expecting Indraprastha Gas Ltd Share Price Target 2027 will be a minimum of 947 and a maximum of 1194.
| Minimum Share Price Target | 947 |
| Maximum Share Price Target | 1194 |
Indraprastha Gas Ltd Share Price Target 2028
If the microeconomy and the macroeconomy are in favor of the sector then Indraprastha Gas Ltd’s Share Price Target for 2028 will be a minimum of 1162 and a maximum of 1378.
| Minimum Share Price Target | 1162 |
| Maximum Share Price Target | 1378 |
Indraprastha Gas Ltd Share Price Target 2030
Indraprastha Gas Ltd is expanding its business to the installation of EV stations, and renewable energy generation, these projects create new business opportunities for the company so we are expecting Indraprastha Gas Ltd Share Price Target for 2030 will be a minimum of 1527 and a maximum of 1816.
| Minimum Share Price Target | 1527 |
| Maximum Share Price Target | 1816 |
Final Words
Indraprastha Gas Ltd has improved sales growth, a stable finance position, and experienced management. The company has been operating in the market for more than 25 years with experience in the gas sector. Indraprastha Gas Ltd does not have any red flags in its balance sheet, the company also pays regular dividends. Over good company for long-term investment. This post is for reference purposes only, this is not a buy and sale recommendation. Before making any investment decision consult your financial adviser. If you like this post comment below and share this article with your friends and family.
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FAQ:
What is Indraprastha Gas Ltd Share Price Target 2024?
Indraprastha Gas Ltd’s Share Price Target 2024 will be a minimum of 473 and a maximum of 605.
What is Indraprastha Gas Ltd Share Price Target 2025?
Indraprastha Gas Ltd’s Share Price Target for 2025 will be a minimum of 581 and a maximum of 776.
What is Indraprastha Gas Ltd Share Price Target 2030?
Indraprastha Gas Ltd’s Share Price Target for 2030 will be a minimum of 1527 and a maximum of 1816.