IGL share price today

Indraprastha Gas Ltd's share price was ₹136.84 at the close on 4 November 2026. It has been falling for 47 weeks. That is 14.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹137 and ₹213, and at that close it was at the low of that range.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Indraprastha Gas Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running.

Over the last 11 years the share price moved +159% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: lowest operating margin in 16 quarters, revenue up on a year earlier for 10 quarters in a row and highest quarterly revenue in 16 quarters.

1. Lowest operating margin in 16 quarters

   Operating margin was -0.6% in the September 2026 quarter, against 11% a year earlier.

2. Revenue up on a year earlier for 10 quarters in a row

   In the September 2026 quarter revenue was ₹5,118 crore, +27.2% on a year earlier.

3. Highest quarterly revenue in 16 quarters

   Revenue of ₹5,118 crore in the September 2026 quarter is the highest of the last 16 quarters.

IGL paid ₹4.75 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 3.47% at the ₹136.84 close on 4 November 2026. The last was a dividend of ₹1.50 a share, ex-date 1 October 2026.

IGL dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Indraprastha Gas Ltd paid out 43% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), IGL reported revenue of ₹5,118 crore, up 27.2% from ₹4,023 crore a year earlier, and a profit of ₹24.0 crore, down 93.8% from ₹385 crore.

IGL results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 14 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

IGL closed at ₹136.84 on 4 November 2026, down 35.5% from ₹212.00 a year earlier (7 November 2025) and down 43.1% over five years. Its highest weekly close since March 2016 was ₹285.03 on 9 July 2021.

IGL share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

563 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: IGL closed at ₹136.84, down 1.7% on the week and down 4.2% on the month. 1 Oct 2026: ex-date for a dividend of ₹1.50 a share.

Earlier

• Results for July to September 2026: Revenue up 27.2% and profit down 93.8% on a year earlier.
• 14 Aug 2026: IGL held its results call for April to June 2026. Management guided: Long-term operating profit/SCM guidance of ₹7-8 retained; near-term path not assessable under geopolitical uncertainty.
• 18 Feb 2026: ex-date for an interim dividend of ₹3.25 a share, record date 19 Feb 2026.
• 31 Jan 2025: Bonus issue: 1 new share for every 1 held (ex-date).

On the call for April to June 2026, held on 14 August 2026, IGL's management guided: Long-term operating profit/SCM guidance of ₹7-8 retained; near-term path not assessable under geopolitical uncertainty.

“Overall, almost 50% of incremental sales is coming from the new GAs.”Mohit Bhatia, on the call for April to June 2026

What management guided

• Core-business capital spending planned at ₹1,200-1,300 crore, with maximum ₹1,500 crore.
• Additional business-development or diversification allocation of ₹500-600 crore if opportunities arise.
• HPHT share expected to improve after contracts close and bids are offered in September.
• Hedging to continue as an important gas-cost tool; May activity began within a reasonable price band.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 14 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When IGL reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Domestic gas availability and spot LNG exposure - check whether force-majeure cuts ease and HPHT supply improves.

IGL is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Oil & gas stocks.

Indraprastha Gas Ltd earned ₹24.0 Cr of net profit in the Sep 2026 quarter, −93.8% on the same quarter a year earlier. Full-year FY26 profit was ₹1,544 Cr. Over 10 years profit has grown 12.9% a year on average. That is 0.5% of the quarter's revenue. The same quarter a year earlier earned ₹385 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹1,544 Cr (−9.9% on the year before).

Why profit moved: revenue changed +27.2% on a year earlier and the margin moved −11.6 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −35.7% and revenue +14.5%. Profit is growing slower than sales: rising costs are taking part of the growth.

Indraprastha Gas Ltd reported ₹5,118 Cr of revenue in the Sep 2026 quarter, +27.2% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 10 years it has grown 15.9% a year on average. The last full year, FY26, came in at ₹16,168 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹17,936 Cr.

FY26 revenue was ₹16,168 Cr, +8.4% on the year before.

Recent pace: the last four quarters grew +14.5% on average, against 15.9% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +14.7%, against +11.7% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −37.6%, against −26.6% a year (rolling over).

Indraprastha Gas Ltd's operating margin was −0.6% in the Sep 2026 quarter, 11.6 percentage points lower than the same quarter a year ago. Across 12 years it has been between 12.0% and 30.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −11.6 percentage points on the year while gross margin changed −12.7 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 108% of Indraprastha Gas Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,936 Cr of operating cash against ₹1,544 Cr of profit. After ₹1,370 Cr of spending on assets, ₹566 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 108% of profit came in as cash: the cash cycle got 32 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 2.7× depreciation over three years. The next section checks what that spending is building.

Indraprastha Gas Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was −9 days in FY26, up from −41 days in FY21. It spent ₹3,827 Cr on assets over the last 3 years. Customers take 21 days to pay, and stock sits for 2 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹16,168 Cr, each day of that cycle ties up about ₹44.3 Cr, so roughly −₹399 Cr is tied up in the business at any time.

FY26: customers took 21 days to pay and stock sat for 2 days, about 0.1 months of sales sitting as stock, for a full cycle of −9 days, longer than FY21's −41.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 2 days. Customers pay about 21 days after that. Suppliers are paid at 32 days. Together that makes the −9-day cycle.

Spending on assets: ₹3,827 Cr over the last 3 years, against ₹1,408 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,534 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Indraprastha Gas Ltd's P/E is 19.2×, in the middle of its own history: higher than 41% of past readings. Its usual P/E (the middle reading) is 23.1×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.