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Indraprastha Gas Limited (532514) fair value: what the stock is really worth
We calculate from audited financials what Indraprastha Gas Limited is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Broad data
Sep 13, 2026
Indraprastha Gas Limited
532514 · BSEUndervaluedThe stock appears undervalued with acceptable quality.
✓Fair value ₹179.23 · Undervalued (+18%)
!Quality 58/100
!Mixed Growth (revenue 5y +18.1 %/yr)
✓Solidly profitable · 19.5% net margin (TTM)
✓Low debt
·1.84% dividend yield
✓Wide moat 70/100
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range ₹145.65 – ₹268.83 · fair‑value band ₹98.59 – ₹305.70 · the ₹151.90 price screens below the ₹179.23 fair value. Dashed = 300-day average. As of Sep 13, 2026.
Company profile
Indraprastha Gas Limited distributes natural gas in India. The company supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, industrial, and commercial sectors in Delhi and the National Capital Region. It operates 555 CNG stations; and serves 13.74 Lakh households, and 5,578 commercial and industrial consumers.
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Indraprastha Gas Limited distributes natural gas in India. The company supplies compressed natural gas (CNG) to the transport sector; and piped natural gas to domestic, industrial, and commercial sectors in Delhi and the National Capital Region. It operates 555 CNG stations; and serves 13.74 Lakh households, and 5,578 commercial and industrial consumers. The company's operates 1,150 kilometers of steel pipeline network; and 13,455 kilometers MDPE network. Indraprastha Gas Limited was incorporated in 1998 and is headquartered in New Delhi, India.
Stock analysis
Indraprastha Gas Limited (532514) currently trades at ₹151.90, while our model-based Fair Value estimate is ₹179.23, implying the stock looks roughly 15.2% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹273.93 per share, and 17 of the 26 models we run sit above the ₹151.90 price.
Bear case: the Asset-Based group reads lowest at ₹50.80, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹98.59 (bear) to ₹305.70 (bull), the price of ₹151.90 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Utilities sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Indraprastha Gas Limited reported revenue of ₹165B in FY2025 versus ₹54.4B in FY2021, a compound +31.9%/yr. Reported net income was ₹17.2B in FY2025, compounding +10.0%/yr from FY2021.
Key figures
Market cap ₹264B (≈ $2.8B) · P/E ratio 30.4 · P/S ratio 3.17 · EPS (TTM) ₹14.34 · Dividend yield 1.8% · Net margin 10.4% · Return on equity 19.4% · Return on assets (EBIT) 12.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Utilities peers we cover trades at −37% fair-value upside, at 18%, 532514 screens cheaper than that median.
Fair Value models
Bear ₹98.59
Fair Value ₹179.23
Bull ₹305.70
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹11.54 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
FCF DCF
₹113.01
₹213.36
₹477.62
72
EPV
₹85.91
₹100.97
₹114.35
72
Growth DCF
₹110.11
₹233.57
₹440.67
72
All 26 models by family
DCF Models
FCF DCF
₹113.01
₹213.36
₹477.62
72
Owner Earnings
₹112.45
₹237.09
₹489.15
70
5Y Revenue Exit
₹104.25
₹200.23
₹338.03
69
5Y EBITDA Exit
₹105.17
₹202.29
₹331.27
71
5Y P/E Exit
₹145.98
₹293.32
₹474.53
67
10Y Revenue Exit
₹102.68
₹199.68
₹365.42
62
10Y EBITDA Exit
₹107.18
₹201.29
₹359.17
64
10Y P/E Exit
₹135.79
₹272.74
₹491.81
60
Earnings-Based
Graham-Dodd
₹83.43
₹494.76
₹689.17
61
Lynch FV
₹140.60
₹200.85
₹261.11
58
PEG = 1.0
₹140.60
₹200.85
₹261.11
55
EPV
₹85.91
₹100.97
₹114.35
72
Dividend Discount
Gordon GGM
₹50.49
₹110.22
₹185.45
63
DDM Multi-Stage
₹50.49
₹90.29
₹114.87
64
Multiples
P/E Multiple
₹165.64
₹220.85
₹276.07
61
P/S Multiple
₹156.44
₹208.58
₹260.73
56
P/B Multiple
₹102.37
₹136.49
₹170.61
53
EV/EBIT
₹121.28
₹161.52
₹201.76
65
EV/EBITDA
₹106.54
₹141.86
₹177.18
66
EV/Revenue
₹98.22
₹140.06
₹181.91
52
Asset-Based
NCAV (Graham)
₹37.91
₹50.80
₹75.83
52
Growth DCF
Growth DCF
₹110.11
₹233.57
₹440.67
72
Rev-Margin DCF
₹104.25
₹195.95
₹324.74
69
Economic Profit
Residual Income
₹84.24
₹108.96
₹328.95
64
ROIC Compounder
₹93.74
₹139.43
₹179.36
70
Growth Earnings
Growth-Adj P/E
₹191.75
₹273.93
₹356.11
66
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Set up alert →Quality Score breakdown
Overall quality
58/100
Of which business quality 56 · Market factors (momentum, volatility) 39
Profitability
59
Margins and returns on capital today
Quality Growth
28
Are margins and returns improving?
Cashflow
42
Earnings quality: real cash, not paper profit
Fin. Strength
73
Balance sheet, leverage, solvency risk
Investment
51
Disciplined investing over empire-building
Low Volatility
87
Calm price path (market factor)
Momentum
24
Price trend over the last 3–12 months (market factor)
52W Momentum
10
Distance to the 52-week high (market factor)
Net Issuance
82
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
95/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.1%
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+14.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−4.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.0%
Dividend (yield on the price)1.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 9%
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Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Gas Utilities stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| NextEra Energy, Inc NEE | $82.31 | $29.88 | −64% |
| Iberdrola, S.A IBE | €20.16 | €8.00 | −60% |
| Enel SpA ENEL | €8.96 | €3.71 | −59% |
| The Southern Company SO | $87.17 | $58.74 | −33% |
| China Yangtze Power Co 600900 | ¥28.45 | ¥31.30 | +10% |
| Duke Energy Corporation DUK | $119.42 | $74.89 | −37% |
| Constellation Energy Corporation CEG | $284.75 | $88.09 | −69% |
| Engie SA ENGI | €23.98 | €20.64 | −14% |
| National Grid plc NGG | $76.86 | $50.23 | −35% |
| American Electric Power Company AEP | $123.33 | $77.23 | −37% |
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Frequently asked questions
Is Indraprastha Gas Limited (532514) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of ₹179.23 versus a price of ₹151.90, about +18% upside (undervalued).
What is the fair value of 532514?
Our model-based fair value for Indraprastha Gas Limited is ₹179.23 (as of Sep 13, 2026), built from audited fundamentals. The current price: ₹151.90.
What is the quality score of 532514?
Indraprastha Gas Limited has a Quality Score of 58/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Indraprastha Gas Limited (532514)?
Our model-based price target is the fair value of ₹179.23 (as of Sep 13, 2026) from 26 valuation models. Cautious scenario ₹98.59, optimistic scenario ₹305.70. It is a calculation from audited fundamentals, not an analyst target.
What is the Indraprastha Gas Limited stock forecast for 2026?
Our models put fair value at ₹179.23, about +18% upside versus a price of ₹151.90 (undervalued). Cautious scenario ₹98.59, optimistic scenario ₹305.70. The calculation is refreshed regularly with new filings.
Does Indraprastha Gas Limited pay a dividend?
Indraprastha Gas Limited currently shows a dividend yield of about 1.84% relative to its recent price (as of Sep 13, 2026).
What is the intrinsic value of Indraprastha Gas Limited (532514)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indraprastha Gas Limited it is ₹179.23 per share (as of Sep 13, 2026), against a price of ₹151.90. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Indraprastha Gas Limited stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 532514 trades below its calculated fair value: price ₹151.90, fair value ₹179.23, a gap of about +18% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 532514?
No. The price is what the market pays today (₹151.90); the fair value is what the company's own numbers justify (₹179.23). For Indraprastha Gas Limited the two are ₹27.33 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indraprastha Gas Limited worth?
The market values Indraprastha Gas Limited at about ₹264B (market capitalisation, as of Sep 13, 2026). Per share that is ₹151.90; our models calculate a fair value of ₹179.23 per share.
What do the bullish and bearish scenarios say about 532514?
Our models span a range for Indraprastha Gas Limited: cautious scenario ₹98.59, base ₹179.23, optimistic ₹305.70 per share (as of Sep 13, 2026, price ₹151.90). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 532514 from its 52-week high?
Indraprastha Gas Limited trades at ₹151.90, about 32% below its 52-week high of ₹223.31 and 7% above the low of ₹141.60 (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of ₹179.23 is for.
Which stocks are comparable to Indraprastha Gas Limited?
From the same area (Utilities) we also value NextEra Energy, Inc, Iberdrola, S.A, Enel SpA, The Southern Company, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Indraprastha Gas Limited stock attractive at the current price?
The data as of Sep 13, 2026: price ₹151.90, calculated fair value ₹179.23 (+18%), Quality Score 58/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 532514 calculated?
We run Indraprastha Gas Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹179.23, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.8 % above its aggregate fair value. Indraprastha Gas Limited currently trades 18 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What should I pay attention to with Indraprastha Gas Limited right now?
The model range is unusually wide (₹98.59 to ₹305.70). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Key figures of Indraprastha Gas Limited
How large is the market capitalisation of Indraprastha Gas Limited (532514)?
The market capitalisation of Indraprastha Gas Limited is ₹264B (≈ $2.8B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Indraprastha Gas Limited (532514)?
The price-to-earnings ratio of Indraprastha Gas Limited is 30.4 (as of Jul 4, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Indraprastha Gas Limited (532514)?
The price-to-sales ratio of Indraprastha Gas Limited is 3.17 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indraprastha Gas Limited (532514)?
Earnings per share at Indraprastha Gas Limited are ₹14.34 (price ÷ EPS = P/E 30.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Indraprastha Gas Limited (532514)?
The dividend yield of Indraprastha Gas Limited is 1.8% (payout 19.5%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Indraprastha Gas Limited (532514)?
The net margin of Indraprastha Gas Limited is 10.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Indraprastha Gas Limited (532514)?
The return on equity (ROE) of Indraprastha Gas Limited is 19.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Indraprastha Gas Limited (532514)?
On an EBIT basis the return on assets of Indraprastha Gas Limited is 12.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Indraprastha Gas Limited (532514)?
The operating margin of Indraprastha Gas Limited is 19.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indraprastha Gas Limited (532514)?
Revenue at Indraprastha Gas Limited is growing −22.9% versus a year earlier (3y avg +24.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Indraprastha Gas Limited (532514)?
Earnings per share at Indraprastha Gas Limited are growing −8.4% versus a year earlier. How much earnings per share grew versus a year earlier.
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