IGL Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030) | Indraprastha Gas Limited Fundamentals, Financial Trends, and more
In this article we are going to talk about Indraprastha Gas Limited. Many people say that this stock will perform well in future as it has already given good returns to its investors. Therefore, due to the request of you people, we have brought its details analysis, in which we will try to understand the “IGL” better.
Hey friends, I am Sachin an financial enthusiast and author of this website. IGL has given very good returns and it is estimated that it has the courage to give good returns in the future as well. Therefore, to understand everything, we will first know about IGL i.e. Indraprastha Gas Limited. After that l, after understanding all this well we will try to hit “IGL Share Price Target” Prediction.
About IGL (Indraprastha Gas Ltd.)
IGL ( Indraprastha Gas Limited) is a natural gas distribution company grounded in India. The company is engaged in the distribution of Compressed Natural Gas( CNG) and Piped Natural Gas( PNG) in the National Capital Territory( NCT) of Delhi and the National Capital Region( NCR), which includes corridor of the countries of Uttar Pradesh, Haryana, and Rajasthan.
IGL was founded in 1998 and it is the first company to use natural gas as a transport fuel in india. IGL is a public ltd company and traded in BSE and NSE. The company is also included in the MSCI Global Small Cap Index.
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IGL Fundamentals
| Market Cap | ₹33,016 Cr |
| P/E Ratio | 20.14 |
| ROE | 21.13% |
| EPS | ₹23.42 |
| Dividend Yield | 2.76% |
| Book Value | 113.30 |
| Debt | ₹98.6 Cr |
| Debt To Equity | 0.01 |
IGL Financial Trends
If we talk about the revenue and profit of IGL Company then –
In 2019, the revenue of Indraprastha Gas Limited was ₹ 6,362 Cr and its profit was ₹ 842 Cr. There was a revenue of ₹ 7,165 Crore in 2020 and a profit of ₹ 1,249 crore. In the same 2021, there was a profit of ₹ 1,173 crore with a revenue of ₹ 5,439 crore. And this year i.e. in 2022 there has been a higest profit of ₹ 1,502 crores with a revenue of ₹ 8,485 crores.
IGL Share Price Target 2023 – 2030 Table
| Year | IGL Share Price Target |
|---|---|
| 2023 | ₹450 |
| 2024 | ₹510 |
| 2025 | ₹640 |
| 2026 | ₹800 |
| 2027 | ₹915 |
| 2028 | ₹1150 |
| 2029 | ₹1400 |
| 2030 | ₹1800 |
IGL Share Price Target 2023
Indraprastha has given negative returns of -9.50% for the last one year i.e. from January 2022 to January 2023 which is not good. While in last 6 months, this company has given good returns of 15%. From 2021 onwards we are seeing a huge fall in the stock, the reason for this can also be that the cost of input and raw material is increasing rapidly, due to which there is a slight decrease in IGL margin.
Whatever it is, the market share of natural gas will increase in the coming years, due to which we will see a rally in the stock. So, IGL Share Price Target 2023 can be ₹450 and higest price can be ₹480.
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IGL Share Price Target 2024
If we look at the fundamentals of the company, it is looking very good. The P/E ratio of the company is 17 which is good as is its ROE and EPS is 21% and Rs 24 which is considered good. Along with this, the company also gives a very good dividend, its dividend yield is 1.29%. That is, if you want to invest in the short term, then this can be a good option and anyway its fundamentals are good, so growth can be seen in the short term.
But investing only by looking at fundamentals can be a bit risky. Come to you point, the first and second IGL Share Price Target 2024 can be ₹510 and ₹550 respectively.
IGL Share Price Target 2025
The financials of Indraprastha Gas are also very good. The company’s profit, revenue, and net worth are continuously increasing, which is a good sign. It has got the highest profit of 1502 crores in 2022 and it is believed that even in 2023 there can be a better profit.
Financials are a good metric to judge the growth of a company. And looking at this we can guess that we can get to see IGL Share Price Target 2025 of ₹640 highest price will be of ₹700.
IGL Share Price Target 2030
The company has a very low debt of ₹98.6 crores which is very less than its equity. Keeping this in mind, if we predict the IGL Share Price Target 2030, then we will get to see first and second target of INR 1800 – INR 2200. For more details about the share watch this video –
Conclusion
There are many pros and cons of Indraprastha Gas Limited (IGL) share as well. So in such a situation it becomes a bit difficult to tell whether it will be right to invest in it or not. Currently the IGL Company is coming down from its all time high and it is a bit difficult to tell how much further it will fall. What do you think? it would be right to invest in it or not? tell in the comment below.
The IGL Share Price Target 2023, 2024, 2025, 2026, 2030 that has been told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price target is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
FAQs
Is IGL a debt free company?
No, the IGL has a huge debt of ₹98.6 crore and its debt to equity ratio is 0.01.
What will be the share price of IGL after 5 years?
It is a bit difficult to tell, but according to our technical analysis, in 2028, we will see IGL share trading around Rs.1100.
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