Share of Indraprastha Gas Ltd (IGL) is currently trading at around Rs.200/-Existing as well as Prospective Investors are asking for IGL Share Price Target 2025 as well as targets for 2030,2035 & 2040. In this article, we will discuss about the business prospects and financial performance of the Company and based on our discussion and analysis will tell you about the IGL Share Price Target 2025 as well as targets for 2030, 2035 and 2040.
Discussion & Analysis of Business & Financial performance with future Business Prospects of Indraprastha Gas Ltd:
Indraprastha Gas Limited (IGL), a leading city gas distribution company in India, has demonstrated robust operational performance in recent quarters, despite facing challenges such as rising input costs and evolving market dynamics.
Current Business Performance
In the fiscal year 2023–24, IGL achieved a consolidated net profit of ₹1,983.4 crore, marking a 21% increase from the previous year. This growth was driven by a 4% rise in average daily gas sales volume, reaching 8.43 million metric standard cubic meters per day (mmscmd). Notably, piped natural gas (PNG) sales volumes grew by 6%, while compressed natural gas (CNG) volumes increased by 4% during the same period .
In the second quarter of FY25, IGL reported its highest-ever quarterly turnover of ₹4,070 crore, a 7% year-on-year increase. However, the consolidated net profit declined by 18% year-on-year to ₹454 crore, primarily due to higher natural gas procurement costs and a 20% reduction in administered price mechanism (APM) gas allocations .
The third quarter of FY25 saw a 7% growth in overall sales volume, with average daily sales rising to 9.11 mmscmd. PNG sales volume registered a 12% growth, while CNG sales volume increased by 6% compared to the corresponding quarter last year
Future Business Prospects
IGL is proactively addressing challenges and exploring opportunities to ensure sustainable growth. The company plans to invest ₹1,700 crore in capital expenditures for FY25, focusing on expanding its CNG and PNG infrastructure, particularly in the Delhi NCR region and other geographical areas .
To diversify its energy portfolio and mitigate risks associated with over-reliance on CNG, IGL is exploring opportunities in liquefied natural gas (LNG) and compressed biogas (CBG). The company plans to commission three new LNG stations by the end of the financial year, aiming to enhance volumes and profitability
Additionally, IGL is addressing the emerging threat of electric vehicles (EVs) by initiating steps to become part of the EV value chain. The company has started setting up EV charging stations at its gas stations, recognizing the long-term implications of the EV evolution on its core CNG business
Despite facing challenges such as increased competition from alternative fuels and the transition of public transport fleets to EVs, IGL’s strong financial position, strategic investments, and efforts to diversify its energy offerings position it well for future growth. The company’s focus on expanding its infrastructure and exploring new energy segments indicates a commitment to adapting to the evolving energy landscape in India.
Share Price Targets:
IGL Share Price Target 2025
Based on the above discussion and analysis, the share price of Indraprastha Gas Ltd is likely to touch the level of around Rs.220-240 in 2025
IGL Share Price Target 2030
Based on the above discussion and analysis, the share price of Indraprastha Gas Ltd is likely to touch the level of around Rs.475-500 in 2030
IGL Share Price Target 2035
Based on the above discussion and analysis, the share price of Indraprastha Gas Ltd is likely to touch the level of around Rs.1000-1100 in 2035
IGL Share Price Target 2040
Based on the above discussion and analysis, the share price of Indraprastha Gas Ltd is likely to touch the level of around Rs.2200-2500 in 2040
Disclaimer: Investments in Capital Market/Share Prices are subject to market fluctuations and are dependent on several factors. These predictions are based on the current market conditions and the future market expectations. Investors are advised to take into consideration all these factors before making any investment in Capital Market. This article should not be treated as Investment advisory and is for general Guidance & Educational purpose only. We keep revising our share price targets based on the latest information available with us. Please keep visiting our website regularly to keep yourself updated. News4You does not offer investment advice and does not encourage any action based on its content.
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