IGL shares down 1.98% as Nifty gains

NEW DELHI: Shares of Indraprastha Gas Ltd. traded 1.98 per cent down in Monday's trade at 01:19PM (IST). Around 783,039 shares changed hands on the counter.

The scrip opened at Rs 387.0 and touched an intraday high and low of Rs 387.0 and Rs 374.1, respectively, in the session so far. The stock of Indraprastha Gas Ltd. quoted a 52-week high of Rs 518.5 and a 52-week low of Rs 322.1.

Total market cap of the Indraprastha Gas Ltd. stood at Rs 26425.03 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3224.59 crore for the quarter ended 30-Jun-2022, up 30.01 per cent from previous quarter's Rs 2480.31 crore and up 128.64 per cent from the year-ago quarter's Rs 1410.32 crore.

The net profit for latest quarter stood at Rs 481.24 crore, up 73.14 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2022, domestic institutional investors held 7.77 per cent stake in the firm, while foreign institutional investors held 20.34 per cent and the promoters 45.0 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 15.49 and a price-to-book ratio of 3.44. 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.