# IGL share price today (Indraprastha Gas Ltd, NSE: IGL)

> IGL share price today: ₹133.28 at the NSE close on 3 November 2026, down 37.1% in a year. Indraprastha Gas (NSE: IGL) is worth ₹18,685 crore, trades at a P/E of 18.7 and has closed between ₹133.28 and ₹212.66 over the past 52 weeks. > Indraprastha Gas Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. IGL · Gas Distribution · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/indraprastha-gas-ltd

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## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: ₹133.28 (−37.1% in a year)
- P/E: 18.7× (lower than 60% of the last 10 years)
- Revenue (Sep 2026): ₹5,118 Cr (+27.2% on a year ago)
- Profit (Sep 2026): ₹24.0 Cr (−93.8% on a year ago)
- Operating margin: −0.6% (−11.6 points on a year ago)
- ROCE: 18%, FY26
- ROIC: 6.7%, against a 12.0% cost of capital: −5.3 points

The main question: yearly earnings per share moved −9.8% while the share price moved −37.1%. ## What is the IGL share price today? Indraprastha Gas Ltd's share price was ₹133.28 at the close on 3 November 2026. It has been falling for 47 weeks. That is 17.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹133 and ₹213, and at that close it was at the low of that range. 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 +152% 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. ## What changed at IGL this quarter? 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. ## What dividend does IGL pay? IGL paid ₹4.75 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 3.56% at the ₹133.28 close on 3 November 2026. The last was a dividend of ₹1.50 a share, ex-date 1 October 2026. ### IGL dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 1 Oct 2026 | ₹1.50 | Dividend | same day |
| 18 Feb 2026 | ₹3.25 | Interim | 19 Feb 2026 |
| 15 Sep 2025 | ₹1.50 | Dividend | same day |
| 12 Nov 2024 | ₹5.50 | Interim | same day |
| 13 Sep 2024 | ₹5 | Dividend | n/a |
| 15 Nov 2023 | ₹4 | Interim | same day |
| 31 Mar 2023 | ₹10 | Interim | same day |
| 7 Feb 2023 | ₹3 | Interim | same day |
| 15 Sep 2022 | ₹5.50 | Dividend | n/a |
| 16 Sep 2021 | ₹3.60 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What are IGL's latest quarterly results? 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

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹5,118 crore | ₹4,023 crore | +27.2% |
| Profit | ₹24.0 crore | ₹385 crore | −93.8% |
| Earnings per share | ₹0.18 | ₹2.76 | −93.5% |
| Operating margin | −0.6% | 11.0% | −11.6 points |

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.)

## What is the IGL share price history? IGL closed at ₹133.28 on 3 November 2026, down 37.1% from ₹211.94 a year earlier (31 October 2025) and down 44.6% over five years. Its highest weekly close since March 2016 was ₹285.03 on 9 July 2021. ### IGL share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹141.71 | −5.9% |
| 1 month ago · 1 Oct 2026 | ₹142.79 | −6.7% |
| 6 months ago · 30 Apr 2026 | ₹166.02 | −19.7% |
| 1 year ago · 31 Oct 2025 | ₹211.94 | −37.1% |
| 3 years ago · 3 Nov 2023 | ₹200.30 | −33.5% |
| 5 years ago · 4 Nov 2021 | ₹240.48 | −44.6% |
| 10 years ago · 4 Nov 2016 | ₹85.54 | +55.8% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹52.91 | +151.9% |
| Highest weekly close since March 2016 · 9 Jul 2021 | ₹285.03 | −53.2% |
| Lowest weekly close since March 2016 · 18 Mar 2016 | ₹52.02 | +156.2% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹212.66 | −37.3% |
| 52-week low (weekly close) · 3 Nov 2026 | ₹133.28 | 0.0% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on IGL? 3 Nov 2026: IGL closed at ₹133.28, down 5.9% on the week and down 6.7% 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). ## What did IGL management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/4480-14-Aug-2026.pdf). (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.)

## What to watch in IGL's next results? 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. - What to check (from the call)
- Domestic gas availability and spot LNG exposure - check whether force-majeure cuts ease and HPHT supply improves. - Operating profit/SCM trajectory - check whether gas-cost volatility moderates enough for margin recovery. - New GA volumes, PNG additions and Gurgaon/Faridabad rollout - check whether expansion sustains growth beyond Delhi. - Delhi EV policy implementation - check CNG registrations and Delhi volumes for early demand effects. ## Which stock lists is IGL on? IGL is on 4 of our India lists: 52 week high & low, Dividend stocks, Small & mid cap stocks and Oil & gas stocks. - [52 week high & low 52-week position: At 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 3.57](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 367](https://www.sectoralpha.in/small-cap-stocks-india)
- [Oil & gas stocks Group on the list: Gas pipelines, LNG, city gas and LPG](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is IGL profitable? 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. 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. ## How much revenue does IGL make, and is it growing? 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. 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). ## How much of every ₹100 of sales does IGL keep? 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. 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. ## Is IGL's profit turning into cash? 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. 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. ## Where does IGL's cash go? 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. 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. ## What is IGL's P/E ratio, and how does it compare with its own history? Indraprastha Gas Ltd's P/E is 18.7×, in the middle of its own history: higher than 40% 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. Why the multiple is where it is: over the past year earnings per share moved −9.8% while the price moved −37.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved −11.1% a year; about −6.8% a year came from earnings growth and about −4.3 percentage points from the multiple (the market paying less); over 10 years the price moved +4.5% a year; about +8.1% a year came from earnings growth and about −3.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the earnings trend underneath matters more than the multiple. ## Is the IGL business getting better or worse? Indraprastha Gas Ltd's business is getting worse. Profit and EPS growth are shrinking: profit growth is −37.6% in the latest quarter, against +20.9% at its best in 12 quarters, with ROCE falling at 10.7%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does IGL earn on its capital? Indraprastha Gas Ltd earned a ROCE of 18% in FY26. Its return on capital used (ROIC) is 5.3 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 9.5% net margin and 0.95× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 9.5% net margin × 0.95× asset turnover × 1.48× leverage (assets divided by equity) ≈ 13.4% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 6.7% − 12.0% = −5.3 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The 6.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 14.3%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does IGL have too much debt? Indraprastha Gas Ltd has total debt of ₹93.0 Cr against shareholder equity of ₹11,576 Cr as of Sep 2026, so its debt is 0.01× its equity, which is very little. Year by year, that ratio went from 0.01 in FY22 to 0.01 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the IGL shareholding pattern? Foreign institutions cut their stake in Indraprastha Gas Ltd by 9.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 9.7% of the company. Domestic institutions moved +6.9 points over the same period, to 30.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: −9.6 points over 8 quarters, to 9.7%; Domestic institutions: +6.9 points over 8 quarters, to 30.1%; Promoters: +0.0 points over 8 quarters, to 45.0%. Why the owners changed: foreign institutions moved −9.6 points and domestic institutions +6.9 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is IGL from balance-sheet trouble? For Indraprastha Gas Ltd, the Z-score is 4.18. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 4.18 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does IGL rank in its industry? 41.5 out of 100, rank 6 of 7 in Gas Distribution, with 100% of the evidence available. Indraprastha Gas Ltd scores 41.5 out of 100 against the 7 companies it is compared with in Gas Distribution, ranking 6. The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. The four parts add up to the total exactly: 8.6 + 12.8 + 14.8 + 5.3 = 41.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is IGL compared with? IGL ranks 6 of 7 Gas Distribution companies on the 4-Factor Sector Score, with 41.5 out of 100. 1. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) PETRONET · breaking out · Most evidence points up · 96% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.4/35 · Revenue -24.8% · Profit 13.4% · Operating margin change 18 points · 88% evidence Capital efficiency 20.8/25 · ROCE 22.6% · Operating margin 28% · 100% evidence Valuation 13.1/20 · P/E 10.3× · PEG 1.3 · 100% evidence Relative strength 20.0/20 · Lead over its industry 11.1% · Lead over NIFTY 500 8% · 1 year 2.9% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.4 + 20.8 + 13.1 + 20 = 75.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [GAIL (India) Ltd](https://www.sectoralpha.in/stocks/gail-indialtd) GAIL · breaking out · Evidence leans up · 100% evidence 62.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.9/35 · Revenue 10.4% · Profit 15% · Operating margin change 5 points · 100% evidence Capital efficiency 10.1/25 · ROCE 9.7% · Operating margin 15% · 100% evidence Valuation 9.9/20 · P/E 8.7× · PEG 1.79 · 100% evidence Relative strength 14.5/20 · Lead over its industry 8.4% · Lead over NIFTY 500 5.4% · 1 year -8.1% · 100% evidence · 2 of 12 weeks ahead Exact sum: 27.9 + 10.1 + 9.9 + 14.5 = 62.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ATGL · basing · Evidence leans down · 78% evidence 45.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.2/35 · Revenue 23.7% · Profit 2.7% · Operating margin change -3 points · 100% evidence Capital efficiency 14.5/25 · ROCE 15.3% · Operating margin 17% · 100% evidence Valuation 3.5/20 · P/E 91.6× · PEG 8.41 · 65% evidence Relative strength 8.3/20 · Lead over its industry n/a · Lead over NIFTY 500 -7.9% · 1 year -15.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 19.2 + 14.5 + 3.5 + 8.3 = 45.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) MGL · turning · Evidence leans down · 81% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.1% · Profit -33.4% · Operating margin change -10 points · 88% evidence Capital efficiency 13.1/25 · ROCE 17% · Operating margin 14% · 100% evidence Valuation 12.0/20 · P/E 14.5× · PEG 0.3 · 100% evidence Relative strength 9.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.4% · 1 year -17.9% · 25% evidence · 0 of 12 weeks ahead Exact sum: 9.3 + 13.1 + 12 + 9.9 = 44.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Gujarat State Petronet Ltd](https://www.sectoralpha.in/stocks/gujarat-state-petronet-ltd) GSPL · Too little evidence to rank firmly · 55% evidence 44.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.8/43.75 · Revenue -7.5% · Profit -18.6% · Operating margin change 3 points · 47% evidence Capital efficiency 12.3/31.25 · ROCE 15.2% · Operating margin 16% · 75% evidence Valuation 13.2/25 · P/E 14.4× · PEG 1.27 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 18.8 + 12.3 + 13.2 = 44.3 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 6. Indraprastha Gas Ltd this page IGL · basing · Evidence leans down · 100% evidence 41.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 14.7% · Profit -37.6% · Operating margin change -11.6 points · 100% evidence Capital efficiency 12.8/25 · ROCE 17.5% · Operating margin -0.6% · 100% evidence Valuation 14.8/20 · P/E 19.5× · PEG 1.26 · 100% evidence Relative strength 5.3/20 · Lead over its industry -8.9% · Lead over NIFTY 500 -11.5% · 1 year -34.3% · 100% evidence · 0 of 12 weeks ahead Exact sum: 8.6 + 12.8 + 14.8 + 5.3 = 41.5 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 7. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) GUJGASLTD · Too little evidence to rank firmly · 47% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.3/43.75 · Revenue 3.7% · Profit -10.6% · Operating margin change 0 points · 53% evidence Capital efficiency 18.2/31.25 · ROCE 18.5% · Operating margin 11% · 71% evidence Valuation 14.9/25 · P/E 18.6× · PEG n/a · 50% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.3 + 18.2 + 14.9 = 52.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Gas Distribution](https://www.sectoralpha.in/sectors/gas-distribution), all 7 compared on one page. ## Which companies are close to IGL in size? IGL is the 5th largest of 7 Gas Distribution companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: GAIL (India), Adani Total Gas, Petronet LNG and Gujarat Gas. Just below it: Gujarat State Petronet and Mahanagar Gas. ### Gas Distribution companies close in size

1. [GAIL (India) Ltd](https://www.sectoralpha.in/stocks/gail-indialtd) ₹1,10,402 crore
2. [Adani Total Gas Ltd](https://www.sectoralpha.in/stocks/adani-total-gas-ltd) ₹58,779 crore
3. [Petronet LNG Ltd](https://www.sectoralpha.in/stocks/petronet-lng-ltd) ₹43,425 crore
4. [Gujarat Gas Ltd](https://www.sectoralpha.in/stocks/gujarat-gas-ltd) ₹33,105 crore
5. Indraprastha Gas Ltd ₹19,487 crore
6. [Gujarat State Petronet Ltd](https://www.sectoralpha.in/stocks/gujarat-state-petronet-ltd) ₹15,141 crore
7. [Mahanagar Gas Ltd](https://www.sectoralpha.in/stocks/mahanagar-gas-ltd) ₹10,357 crore

[All 7 Gas Distribution companies, largest first](https://www.sectoralpha.in/sectors/gas-distribution#all-companies)

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2. [Gujarat Energy Ltd](https://www.sectoralpha.in/stocks/gujarat-energy-ltd) ₹19,525 crore
3. Indraprastha Gas Ltd ₹19,487 crore
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## What else do people ask about IGL? ### What is IGL's share price today? Indraprastha Gas Ltd's share price is ₹133.28, −37.1% over the past year. The whole company is worth ₹18,685 Cr on the market. It is at its lowest price of the past 52 weeks (range ₹133 to ₹213), 17.0% below its 200-day average. The price has been falling for 47 weeks (as of 3 November 2026). ### What were IGL's latest quarterly results? Indraprastha Gas Ltd reported revenue of ₹5,118 Cr and net profit of ₹24.0 Cr for the Sep 2026 quarter. Revenue rose 27.2% and profit fell 93.8% compared with a year earlier. Earnings per share were ₹0.18. The operating margin was −0.6%, 11.6 percentage points lower than a year earlier (as of 3 November 2026). ### What is IGL's market cap? Indraprastha Gas Ltd's market capitalisation is ₹18,685 Cr at a share price of ₹133.28. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is IGL performing? Indraprastha Gas Ltd's share price has been falling for 47 weeks. In its latest quarter, revenue rose 27.2% and profit fell 93.8% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will IGL's share price go up? This page does not forecast Indraprastha Gas Ltd's share price. What it shows instead: the share price is ₹133.28, and it has been falling for 47 weeks. Its P/E of 18.7× is higher than 40% of its own last 10 years (as of 3 November 2026). ### Who owns IGL? Promoters own 45.0% of Indraprastha Gas Ltd, foreign institutions 9.7%, domestic institutions 30.1% and the public 10.2% (latest quarter). The biggest change over the last two years: Foreign institutions cut their stake by 9.6 percentage points over 8 quarters (as of 3 November 2026). ### Does IGL have too much debt? No, Indraprastha Gas Ltd has little debt: its debt is 0.01× its equity, and its operating profit is 54 times its interest bill. FY26 borrowings were ₹98.0 Cr against equity of ₹11,504 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is IGL in its business cycle? Indraprastha Gas Ltd's FY26 operating margin was 12.0%, against a 12-year range of 12.0% to 30.0%: the low end of its own range, which is often where recoveries start. The latest quarter was −0.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the IGL story? The main question: yearly earnings per share moved −9.8% while the share price moved −37.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is IGL a stock worth studying right now? What the numbers show: Indraprastha Gas Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a IGL share price forecast for 2026? What management itself guided: Long-term operating profit/SCM guidance of ₹7-8 retained; near-term path not assessable under geopolitical uncertainty. ## Lists

- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

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