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IGL Consensus Forecast

No. of reports in last year
5
No. of analysts
2
Average Consensus Forecast
516
Consensus Potential
18.74%

IGL Price Target Potential

BrokerageTargetPotential
Prabhudas Lilladher59731.20%
Nirmal Bang4314.70%

IGL Targets in FrontPage Forums

4 Users have submitted 4 trade ideas of Rs. 248,778.5 for IGL
50% Bullish
50% Bearish
See buy or sell ideas on FrontPage Forums >>

IGL Ratings

Long term IGL rating by FrontPage users
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5/5 (5 Ratings)
5 IGL share price target reports by brokerages below. See what is analyst's view on IGL share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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IGL Share Price Target

IGL Share Price Target - Broker Reports - 2020

17-Jun-20
Price @ Call: 476.02
Target: 597
BUY
23-Mar-20
Price @ Call: 308.7
Target: 431
BUY
We are upgrading Indraprastha Gas (IGL) from Sell to Buy based on 41.3% upside from CMP to our revised DCF-based TP of Rs431, assuming regulated tariff, post the 30% correction in the stock from three months ago.The new TP includes Rs52/sh we estimate for the new CGD areas (GAs) under development. We have cut our FY20-22E estimates by 1.9%/16%/15.2% based on volume and margin assumptions tempered for the twin impact of COVID19 and the slowdown. We see moderation in IGL’s city gas volume growth in 4QFY20 to 9% vs 13.4% in 3QFY20, implying nil growth in March 20. Further we could see nil growth in 1HFY21~with contraction of 6% likely in 1QFY21E, if the COVID 19 and slowdown impact continue for another six months. And growth is likely to revive in 2HFY21E, assuming normalcy is restored by Sept/Oct 20. This implies 8% annual volume growth in FY21Evs 11.5% in FY20E and 13.7% on average for FY17-19. We still have concerns over the potential transition to 20% open access for IGL’s Delhi Franchise, which could pose the risk of attrition in CNG and Industrial market share to the extent of 20%. Our Buy is based on (i) the improved risk-reward at current valuations, which in our view prices in the above concern, (ii) the potential for long term growth from its new license areas (GAs), which we value at Rs52/sh, and (iii) the healthy balance sheet that would support a revival in returns once the capex over the next 2 years starts paying off.
... Read more
6-Feb-20
Price @ Call: 521.25
Target: 616
BUY
We tweak our estimates to incorporate healthy 9M performance. IGL remains a play on rising pollution concerns. Expanding geographical reach coupled with increased cars/taxis conversion and new bus addition in Delhi will drive earnings. Also, ban on competing industrial fuel is a major positive. Sharp drop in spot LNG prices offer new margin levers for the company. Reiterate “BUY” with a three-year DCF-based PT of Rs616 (Rs468 early) on rollover
... Read more

IGL Share Price Target - Broker Reports - 2019

11-Dec-19
Price @ Call: 409
Target: 468
BUY
7-Nov-19
Price @ Call: 392.77
Target: 468
BUY
We tweak our estimates to incorporate better than expected H1 performance and lower tax rate. IGL remains a play on rising pollution concerns. Expanding geographical reach coupled with increased cars/taxis conversion and new bus addition in Delhi will drive earnings. Also, ban on competing industrial fuel is a major positive. We see limited threat to recent concept paper released by PNGRB to allow new players in existing geography given high entry barriers and concerns on allocation of subsidized APM gas. Reiterate “BUY” with a three-year DCF-based PT of Rs468 (Rs400 early).
... Read more
19-Aug-19
Price @ Call: 327.05
Target: 403
BUY
We maintain BUY on IGL following its stellar performance in 1QFY20. Our target price is Rs 402/sh (25x Jun-21E standalone EPS and 23x Jun-21E MNGL and CUGL).
... Read more
14-Aug-19
Price @ Call: 313.97
Target: 378
BUY
Volume traction + margin expansion
We maintain our estimates for FY20 & FY21. IGL remains a play on rising pollution concerns. Expanding geographical reach coupled with increased cars/taxis conversion and new bus additions in Delhi will drive earnings. Also, report of ban on competing industrial fuel is a major positive. We see limited threat to recent concept paper released by PNGRB to allow new players in existing geography given high entry barriers and concerns on allocation of subsidized APM gas. Reiterate “BUY” with a three-year DCF- based PT of Rs378 (Earlier Rs360) on rollover.
... Read more
26-Jul-19
Price @ Call: 314.6
Target: 384
BUY
Stance: Entering new GAs is a better bet for new entrants, rather than competing with incumbents, given (1) Assurance on APM gas allocation, and (2) Marketing and infrastructure exclusivity. Hence, we do not foresee material threat to business. IGL generates OCF yield of almost 5.5% and RoIC of >30% over FY20/21E. Valuations are contextually moderate at 22.0x FY21E EPS. Maintain BUY with a TP of Rs 384/sh.
... Read more
27-May-19
Price @ Call: 332.32
Target: 361
BUY
28-May-19
Price @ Call: 330.2
Target: 350
HOLD
Environmental concerns in Delhi have brought to the fore the urgency of using cleaner fuels, which puts IGL in a sweet spot. IGL has a unique identity of a company with a rare mix of volume growth and strong margins, supported by supportive governmental initiatives. Also, growth from new areas like Rewari, Dharuhera, Bawal, Karnal, etc would add to volumes. Webelieve IGL’s investment in Maharashtra Natural Gas (MNGL) and Central UP Gas (CUGL) is positive, giving it access to gas demand in Pune, Kanpur, Bareilly, Unnao and Jhansi. However, given the current valuations, we have a HOLD recommendation on the stock. We value standalone IGL at 24x EPS of Rs 13.6/share and investment in CUGL and MNGL at ~Rs 21 per share to arrive at a target price of RS350.
... Read more
27-May-19
Price @ Call: 312.05
Target: 411
BUY
We have observed a rise in the cost of raw material (natural gas) by 34% YoY, leading to a drop in EBITDA margin to 19.5% in 4QFY19 from 23.6% in 4QFY18. We have retained Buy rating on IGL with a revised target price of Rs411 (from Rs385 earlier) based on a forward P/E of 25x March 2021E estimated earnings.
... Read more
25-May-19
Price @ Call: 312.83
Target: 360
BUY
The company has guided for domestic revenue growth of 10-15% YoY for FY20. KKC expects good growth in HHP segment mainly driven by data center, commercial realty, manufacturing etc. KKC is seeing weak demand from exports markets amid uncertain global growth and volatile forex markets. We have modelled 10%/11% Revenue/PAT CAGR over next two years (FY19-21E). The stock is currently trading at 27/23x FY20/21E. We maintain our Accumulate rating on the stock with TP of Rs841 (26xFY21E).
... Read more
13-Mar-19
Price @ Call: 297.75
Target: 389
BUY
We do not expect EVs to be a threat to IGL in the short-to medium-term. We expect volume growth to stay strong at 12%/11% in FY20/21. In the short term, EBITDA/scm may increase due to the INR appreciation. However, we remain conservative with estimate of INR5.8/INR5.9 in FY20/21. Both IGL’s subsidiaries — MNGL and CUGL – have been growing at a steady pace. Contribution from JVs for 9MFY19 stands at INR695m, +25% YoY. We expect ROEs of 20.1%/19.9% in FY20/21. The stock is trading at 23.4x FY20 standalone EPS of INR12.7. We expect standalone EPS CAGR of 16% during FY18-21. We move our valuation from Dec’20 to FY21, valuing IGL at 24x (unchanged) FY21 standalone EPS of INR14.6, adding the contribution from its JVs. With a target price of INR389 (earlier: INR381), we reiterate our Buy recommendation for the stock.
... Read more
8-Feb-19
Price @ Call: 289.43
Target: 368
BUY
8-Feb-19
Price @ Call: 289.43
Target: 381
BUY
7-Feb-19
Price @ Call: 298.45
Target: 381
BUY
7-Feb-19
Price @ Call: 298.45
Target: 360
BUY

IGL Share Price Target - Broker Reports - 2018

18-Dec-18
Price @ Call: 261.65
Target: 381
BUY
13-Nov-18
Price @ Call: 272.26
Target: 371
BUY
12-Nov-18
Price @ Call: 274.75
Target: 295
HOLD
6-Nov-18
Price @ Call: 277.48
Target: 370
BUY
30-Oct-18
Price @ Call: 252.8
Target: 319
BUY
22-Oct-18
Price @ Call: 243.85
Target: 282.5
BUY
7-Sep-18
Price @ Call: 274.5
Target: 257
SELL
16-Aug-18
Price @ Call: 284.85
Target: 340
BUY
14-Aug-18
Price @ Call: 285.49
Target: 295
BUY
13-Aug-18
Price @ Call: 298.25
Target: 441
BUY
13-Aug-18
Price @ Call: 298.25
Target: 257
SELL
10-Aug-18
Price @ Call: 300.89
Target: 383
BUY
2-Jul-18
Price @ Call: 254.34
Target: 279
BUY
24-Jun-18
Price @ Call: 253.01
Target: 422
BUY
25-May-18
Price @ Call: 258.17
Target: 334
BUY
24-May-18
Price @ Call: 263.35
Target: 384
BUY
23-May-18
Price @ Call: 261.84
Target: 344
BUY
9-Mar-18
Price @ Call: 310
Target: 250
SELL
8-Feb-18
Price @ Call: 291.06
Target: 400
BUY
8-Feb-18
Price @ Call: 290.9
Target: 270
SELL
8-Feb-18
Price @ Call: 290.9
Target: 355
BUY
7-Feb-18
Price @ Call: 290.7
Target: 416
BUY
7-Feb-18
Price @ Call: 290.7
Target: 333
BUY

IGL Share Price Target - Broker Reports - 2017

19-Dec-17
Price @ Call: 328.58
Target: 404
BUY
14-Dec-17
Price @ Call: 322.8
Target: 342
BUY
28-Nov-17
Price @ Call: 312
Target: 404
BUY
13-Nov-17
Price @ Call: 318.85
Target: 394
BUY
22-Nov-17
Price @ Call: 311
Target: 368
ACCUMULATE
10-Nov-17
Price @ Call: 310.1
Target: 291
SELL
23-Aug-17
Price @ Call: 251.84
Target: 263.4
BUY
18-Aug-17
Price @ Call: 255.71
Target: 268
BUY
14-Aug-17
Price @ Call: 243.21
Target: 287
BUY
14-Aug-17
Price @ Call: 243.21
Target: 190.4
SELL
17-Jul-17
Price @ Call: 224.4
Target: 250.2
BUY
3-Jul-17
Price @ Call: 211.47
Target: 250.2
BUY
30-May-17
Price @ Call: 205.2
Target: 246
BUY
30-May-17
Price @ Call: 205
Target: 228
BUY
10-Feb-17
Price @ Call: 205.6
Target: 240
BUY
14-Feb-17
Price @ Call: 203.2
Target: 230
BUY
10-Feb-17
Price @ Call: 203
Target: 228
BUY

IGL Share Price Target - Broker Reports - 2016

16-May-16
Price @ Call: 577.05
Target: 710
BUY
17-May-16
Price @ Call: 579.7
Target: 582
NEUTRAL
17-Nov-16
Price @ Call: 164.4
Target: 216
BUY
22-Dec-16
Price @ Call: 177.25
Target: 179.6
NEUTRAL
18-Nov-16
Price @ Call: 168
Target: 197.4
BUY
17-Nov-16
Price @ Call: 164.4
Target: 188
BUY
17-Nov-16
Price @ Call: 168
Target: 184
BUY
16-Nov-16
Price @ Call: 164.8
Target: 196.6
BUY
28-Sep-16
Price @ Call: 155.6
Target: 216
BUY
22-Aug-16
Price @ Call: 146
Target: 179.2
BUY
22-Aug-16
Price @ Call: 145.8
Target: 154.8
NEUTRAL
23-Aug-16
Price @ Call: 152.4
Target: 174
BUY
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  • IGL Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3429.3
    Upside Target 2423.05
    Upside Target 1415.35
    Pivot409.1
    Downside Target 1401.4
    Downside Target 2395.15
    Downside Target 3387.45

  • IGL Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3452.93
    Upside Target 2439.47
    Upside Target 1429.73
    Pivot416.27
    Downside Target 1406.53
    Downside Target 2393.07
    Downside Target 3383.33

  • IGL Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3460.05
    Upside Target 2441.55
    Upside Target 1418
    Pivot399.5
    Downside Target 1375.95
    Downside Target 2357.45
    Downside Target 3333.9

  • IGL Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3423.05
    Upside Target 2417.72
    Upside Target 1414.43
    Pivot409.1
    Downside Target 1403.77
    Downside Target 2400.48
    Downside Target 3395.15

  • IGL Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3439.47
    Upside Target 2430.6
    Upside Target 1425.13
    Pivot416.27
    Downside Target 1407.4
    Downside Target 2401.93
    Downside Target 3393.07

  • IGL Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3441.55
    Upside Target 2425.49
    Upside Target 1415.56
    Pivot399.5
    Downside Target 1383.44
    Downside Target 2373.51
    Downside Target 3357.45
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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