# IGL (IGL) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/igl

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹148.25
- Change: -0.28%
- As of: 2026-09-18
- 1D return: -0.07%
- 5D return: -3.19%
- 1M return: -1.32%
- Latest complete quarter: fy26_q4

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, the stock is trading at ₹148.56, indicating a mixed technical stance across different timeframes. Daily indicators suggest a potential shift, with the price below key moving averages like the 20-day EMA (₹150.86) and 50-day EMA (₹152.57), but above the Supertrend indicator (₹145.80), which is in a bullish direction. However, longer-term weekly and monthly timeframes present a more cautionary picture, with the price below multiple moving averages and the Supertrend indicator indicating a bearish trend on both timeframes. The presence of a "Shooting Star" pattern on the monthly chart and a "Doji" on the daily chart, as of September 18, 2026, suggests indecision or potential reversal.

The stock is currently trading near its nearest support level of ₹147.82, which is approximately 0.5% below the current price. The nearest resistance is observed at ₹148.75, about 0.13% above the current price. The stock's recent trading activity includes an "EXTREME" severity "wide_intraday_range" anomaly on September 4, 2026, with a 0.06% upward move. The annualized volatility stands at 30%, with a current drawdown of -35% and a maximum drawdown of -36%, indicating elevated risk. The stock's position within its 20-day and 50-day range is around 18%, suggesting it is not at the extremes of its recent trading band.

- Nearest support level identified at ₹147.82.
- Nearest resistance level identified at ₹148.75.
- Monthly "Shooting Star" and daily "Doji" patterns observed as of September 18, 2026.
- Price is below 20-day and 50-day EMAs on the daily timeframe, but above the daily Supertrend.
- Weekly and monthly timeframes show the price below key moving averages and Supertrend, indicating a bearish trend.

- Shooting Star
- Doji
- Inside Bar
- Evening Star

### News Context

On September 16, 2026, Nomura released an outlook for Oil Marketing Companies (OMCs) anticipating a strong second quarter recovery, even with Brent crude oil prices at $100 per barrel. The research firm indicated a preference for Indian Oil Corporation Ltd. (IOCL) and Bharat Petroleum Corporation Ltd. (BPCL) within the sector. The report's summary mentioned Hindustan Oil and Hindustan Petroleum Corporation Ltd. (HPCL) alongside discussions of oil prices and the US-Iran war.

- Nomura anticipates a sharp Q2 recovery for OMCs on September 16, 2026, despite oil prices reaching $100 per barrel.
- Nomura expressed a preference for IOCL and BPCL among OMCs, as per their September 16, 2026 report.
- The report's context included discussions on oil prices and the US-Iran war.

- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### What Changed

Indraprastha Gas (IGL) on the NSE has experienced a minor price fluctuation as of September 18, 2026. The stock closed at ₹148.56, a slight decrease from its previous closing price of ₹148.67 on the same date. There are no new filings or news developments reported for the company in the provided evidence. The company's profile and exchange listing remain unchanged.

- As of September 18, 2026, Indraprastha Gas (IGL) closed at ₹148.56 on the NSE.
- This represents a marginal decrease from the previous closing price of ₹148.67 on September 18, 2026.
- No new filings or news were reported for IGL as of the report date.

### Official Filings

Indraprastha Gas Limited (IGL) has scheduled its 27th Annual General Meeting (AGM) for September 24, 2026, to be conducted via video conference. A key agenda item is the adoption of audited financial statements for the fiscal year ended March 31, 2026, and the declaration of a final dividend of ₹1.5 per equity share. This dividend is in addition to an interim dividend of ₹3.25 per share already declared. The record date for this final dividend is set as October 1, 2026. The company also announced the appointment of M/s PSMG & Associates as the Statutory Auditor for the New Delhi station audit for the financial year 2026-27, appointed by the Comptroller and Auditor General of India. Additionally, shareholders approved the appointment of Shri Kumar Shanker as Director and Managing Director via postal ballot, with 98.80% of valid votes cast in favor.

- IGL's 27th AGM is scheduled for September 24, 2026.
- A final dividend of ₹1.5 per equity share is proposed for FY 2025-26, with October 1, 2026, as the record date.
- M/s PSMG & Associates appointed as Statutory Auditor for FY 2026-27.
- Shri Kumar Shanker appointed as Director and Managing Director following a postal ballot approval.

- INDRAPRASTHA GAS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Indraprastha Gas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Indraprastha Gas Limited has informed the Exchange about appointment of Statutory Auditor by Comptroller and Auditor General of India for FY 2026-27 |SUBJECT: General Updates
- INDRAPRASTHA GAS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 24-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Indraprastha Gas Limited has informed the Exchange that Record date for the purpose of Final Dividend for FY 2025-26 is 01-Oct-2026. |SUBJECT: Record Date
- Indraprastha Gas Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026 and Record Date for the purpose of Final Dividend for FY 2025-26. |SUBJECT: Shareholders meeting
- Indraprastha Gas Limited has informed the Exchange regarding notice of 27th Annual General Meeting to be held on 24 September 2026 and record date for the purpose of final dividend for FY 2025-26. |SUBJECT: General Updates
- Indraprastha Gas Limited has informed the Exchange regarding Business Responsibility and Sustainability Report |SUBJECT: General Updates
- AS ON DATE : 02-SEP-26
- Indraprastha Gas Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results. |SUBJECT: Shareholders meeting

### Fundamentals

Indraprastha Gas (IGL) reported revenue from operations of ₹4,584.58 crore for Q4 FY2025-26. This represents an increase from ₹4,489.02 crore in Q3 FY2025-26 and ₹4,445.96 crore in Q2 FY2025-26. Expenses also rose sequentially, reaching ₹4,304.21 crore in Q4 FY2025-26 compared to ₹4,152.56 crore in Q3 FY2025-26 and ₹4,135.88 crore in Q2 FY2025-26. Profit Before Tax (PBT) for Q4 FY2025-26 was ₹380.57 crore, a decrease from ₹425.63 crore in Q3 FY2025-26, although higher than ₹404.98 crore in Q2 FY2025-26. Profit Loss For Period followed a similar trend, with ₹338.75 crore reported for Q4 FY2025-26, down from ₹392.01 crore in Q3 FY2025-26. Finance costs saw a significant jump in Q4 FY2025-26 to ₹7.76 crore from ₹2.48 crore in Q3 FY2025-26.

- Revenue from operations for Indraprastha Gas was ₹4,584.58 crore in Q4 FY2025-26.
- Expenses in Q4 FY2025-26 were ₹4,304.21 crore.
- Profit Loss For Period in Q4 FY2025-26 was ₹338.75 crore.
- Profit Before Tax decreased to ₹380.57 crore in Q4 FY2025-26 from ₹425.63 crore in Q3 FY2025-26.
- Finance costs increased to ₹7.76 crore in Q4 FY2025-26 from ₹2.48 crore in Q3 FY2025-26.

### Bull Case

The company's daily technical indicators suggest a potential shift in momentum, with the Supertrend indicator currently in a bullish direction. However, longer-term monthly and weekly trends remain in a bearish direction, indicating a mixed technical picture. The stock has experienced a significant drawdown of -0.35 from its recent peak, with a maximum drawdown of -0.36 observed.

- The daily Supertrend indicator is currently showing a bullish signal as of 2026-09-18.
- The stock's current drawdown is -0.35, with a maximum drawdown of -0.36 recorded.
- Monthly and weekly Supertrend indicators are in a bearish direction.

- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### Bear Case

Indraprastha Gas's technical indicators suggest a weakening trend across multiple timeframes. The monthly trend shows a bearish SuperTrend at ₹234.58, with the 20-day Exponential Moving Average (EMA) at ₹176.16 and the 50-day EMA at ₹168.66, both above the current closing price of ₹148.56. Similarly, the weekly trend is also bearish, with the SuperTrend at ₹172.03 and EMAs significantly higher than the current price. The daily trend, while showing a bullish SuperTrend, has its 20-day and 50-day EMAs and SMAs above the current closing price, indicating potential resistance. The company has experienced a significant year-to-date return of -23% and a one-year return of -31%. Risk metrics show an annualized volatility of 30% and a maximum drawdown of -36%, with a current drawdown of -35%.

- The monthly technical trend is bearish, with the SuperTrend indicator at ₹234.58 as of 2026-09-18.
- The weekly technical trend is also bearish, with the SuperTrend indicator at ₹172.03.
- The stock has experienced a year-to-date return of -23% and a one-year return of -31% as of 2026-09-18.
- The maximum drawdown observed is -36%, with a current drawdown of -35%.

- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL

### FAQs

**What is the company's dividend policy and when is the record date for the final dividend?**

Indraprastha Gas Limited (IGL) plans to declare a final dividend of ₹1.5 per equity share, subject to member approval at the 27th Annual General Meeting scheduled for September 24, 2026. The record date for this final dividend for the fiscal year 2025-26 has been set as October 1, 2026.

**What recent corporate actions or meetings has Indraprastha Gas Limited announced?**

Indraprastha Gas Limited has announced several corporate events. These include an in-person analyst and institutional investor meeting scheduled for September 21, 2026, in New Delhi, featuring discussions with representatives from firms like Morgan Stanley and GIC. Additionally, the company announced the appointment of M/s PSMG & Associates as the Statutory Auditor for the financial year 2026-27 by the Comptroller and Auditor General of India. The 27th Annual General Meeting is scheduled for September 24, 2026, to consider financial statements and dividends.

**What are the recent returns and volatility levels for Indraprastha Gas Limited?**

As of September 18, 2026, Indraprastha Gas Limited has experienced varied returns across different periods. The one-year return stands at -31%, and the year-to-date return is -23%. The company's annualized volatility is reported at 30%, with a maximum drawdown of -36% and a current drawdown of -35%.

**What is the current technical trend and key price levels for Indraprastha Gas Limited?**

On a daily basis, the technical indicators suggest a bullish trend with the Supertrend at 145.8. However, the monthly trend indicates a bearish direction with the Supertrend at 234.58. Key price levels to monitor include immediate resistance at ₹148.75 and support around ₹147.82.

- Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL
- INDRAPRASTHA GAS LIMITED has informed the Exchange about Schedule of Analysts or Institutional Investors Meet |SUBJECT: Analyst/Investor Meet Para A-XBRL
- Indraprastha Gas Limited has informed the Exchange about Schedule of meet |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates
- Indraprastha Gas Limited has informed the Exchange about appointment of Statutory Auditor by Comptroller and Auditor General of India for FY 2026-27 |SUBJECT: General Updates
- INDRAPRASTHA GAS LIMITED has informed the Exchange about Notice of Shareholders Meeting for Annual General Meeting to be held on 24-Sep-2026 |SUBJECT: Notice Of Shareholders Meetings-XBRL
- Indraprastha Gas Limited has informed the Exchange that Record date for the purpose of Final Dividend for FY 2025-26 is 01-Oct-2026. |SUBJECT: Record Date
## Technical analytics

- As of: 2026-09-18
- Daily trend: Weak Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹148.75
- Risk regime: Higher Price Risk

### Support levels
- 147.0925
- 141.74
- 147.82333333333335

### Resistance levels
- 154.7
- 169.2
- 193.640625

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.07% |
| return_10 | -0.58% |
| return_1m | -0.56% |
| return_1y | -31.09% |
| return_20 | -1.32% |
| return_3m | -12.61% |
| return_5 | -3.19% |
| return_6m | -5.57% |
| return_since_start | -27.58% |
| return_ytd | -22.61% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -36.13% |
| annualized_volatility | +29.97% |

## Quarterly financials

- Latest complete quarter: fy26_q4

# Costs Rose Faster Than Sales, Pulling Quarterly Profit to a Year-Low

In the final quarter of FY2025‑26, Indraprastha Gas Ltd. grew its revenue 5.6% compared with the same period a year ago, but total expenses rose at a faster 8.4%. This mismatch pushed pre‑tax profit down nearly 18% year‑on‑year to ₹380.57 crore—the lowest level recorded during the fiscal year. Other income of ₹100.20 crore contributed to pre‑tax profit, yet costs outpaced the revenue gain, and net profit dropped about 25% from the prior‑year quarter.

## Revenue Growth and Cost Pressure

Revenue from operations reached ₹4,584.58 crore, a 2.13% increase from the preceding quarter and a 5.62% rise over the year‑ago quarter. Total expenses expanded more aggressively, rising 3.65% sequentially and 8.43% year‑on‑year to ₹4,304.21 crore.

For every additional rupee of revenue generated over the past year, the company incurred approximately ₹1.37 in additional expenses. As a result, the share of revenue consumed by expenses climbed from 91.45% in the year‑ago quarter to 93.89% in the latest period. Pre‑tax profit margin narrowed from 10.63% to 8.30% of revenue.

## Quarterly Profit Trajectory

Revenue climbed in each quarter of FY2025‑26, from ₹4,326.75 crore in the first quarter to ₹4,584.58 crore in the fourth. Pre‑tax profit did not follow that trend. After peaking at ₹472.99 crore in Q1, it fell to ₹404.98 crore in Q2, recovered partially to ₹425.63 crore in Q3, and then declined again to ₹380.57 crore in Q4.

The fourth quarter therefore produced the lowest pre‑tax and net‑profit figures of the fiscal year, even as business volume continued to grow.

## Expense Structure and Finance Cost Volatility

The largest expense by far was the purchase of stock in trade—the cost of gas—at ₹3,213.21 crore. That represented roughly 70% of total revenue and 75% of total expenses. Depreciation, reflecting the company’s distribution‑network infrastructure, was ₹132.93 crore, more than double the employee benefit expense of ₹61.41 crore.

Finance costs showed sharp percentage swings. Sequentially, they rose to ₹7.76 crore from ₹2.48 crore—a 212.9% increase. Compared with the year‑ago quarter’s ₹3.64 crore, they more than doubled. In absolute terms, however, finance costs stayed small, making up just 0.18% of total expenses. Their movement, while volatile, did not materially drive the decline in pre‑tax profit.

## Reconciling Pre‑Tax Profit to Net Profit

The reported pre‑tax profit of ₹380.57 crore exactly matches the sum of revenue plus other income minus total expenses. The link between pre‑tax profit and the final profit for the period, however, shows a consistent gap.

Tax expense for the quarter was ₹107.85 crore. Subtracting tax from pre‑tax profit gives ₹272.72 crore, yet the reported profit for the period was ₹338.75 crore—a difference of ₹66.03 crore. In the year‑ago quarter, that difference was ₹108.10 crore. The narrowing of this gap by roughly ₹42 crore meant that net profit fell by 25.26%, a steeper decline than the 17.55% drop in pre‑tax profit alone would have implied after accounting for the tax charge.

## Key Takeaway

Sales grew steadily through the year, but expenses rose faster, compressing margins and bringing pre‑tax profit to its lowest point of the fiscal year. Gas purchases made up the bulk of costs, while depreciation highlighted the capital‑intensive nature of the distribution network. Other income provided support, but the decline in net profit was amplified by a smaller difference between pre‑tax earnings and the reported bottom line compared with the prior‑year quarter.

### Ratios

## Official filings

- 2026-09-16 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_2164_WebXMLFile_20260916_154929564.xml)
- 2026-09-15 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_15092026164146_IGL_investorMeet_21092026.pdf)
- 2026-09-08 — Management Change: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_08092026154140_IntimationStatutoryAuditor_2026.pdf)
- 2026-09-03 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/NOTICE_OF_SHAREHOLDERS_MEETINGS_2164_WebXMLFile_20260903_165023749.xml)
- 2026-09-02 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_02092026181836_IntimationRecorddate.pdf)
- 2026-09-02 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_02092026181538_IntimationRecorddate.pdf)
- 2026-09-02 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_02092026183012_IntimationRecorddate.pdf)
- 2026-09-02 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_02092026185625_Notice_and_Annual_Report_2026.pdf)
- 2026-09-01 — Annual Report: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/annual_reports/AR_31136_IGL_2025_2026_A_7298902_02092026182637.pdf)
- 2026-08-21 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_21082026152817_PB21082026.pdf)
- 2026-08-21 — Regulatory Filing: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/RESULT_VOTING_1716766_21082026033405_WEB.xml)
- 2026-08-19 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_19082026162144_IGLLinkTranscript19082026.pdf)
- 2026-08-15 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_15082026135018_IGLEarningcallaudiofile15082026.pdf)
- 2026-08-13 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_13082026134821_IGLUFR30062026.pdf)
- 2026-08-10 — Generic Announcement: Indraprastha Gas Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_10082026150136_IGLConcallInvitation10082026.pdf)
- 2026-08-05 — Official Filing: Indraprastha Gas Limited will hold a board meeting on August 13, 2026, to consider its unaudited standalone and consolidated financial results for the quarter ended June 2026. The trading window for the company's securities will be closed from July 1, 2026, to August 15, 2026.
- 2026-07-09 — Official Filing: On July 9, 2026, Indraprastha Gas Limited reported changes in its senior management personnel. Mr. Ashish Dadel joined the company on deputation from GAIL as HOD (C&P and Stores). Concurrently, Mr. Adesh Singhal was repatriated to GAIL from his role as HOD (C&P and Stores), with both changes effective on July 9, 2026.
- 2026-07-09 — Generic Announcement: Shri Ashish Dadel joined Indraprastha Gas Limited (IGL) on deputation from GAIL as Head (C&P and Stores) effective July 09, 2026. He replaces Shri Adesh Singhal, who has been repatriated to GAIL. Shri Dadel has approximately 30 years of experience in the Oil & Gas sector. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_09072026161044_IGLSMP09072026.pdf)
- 2026-07-08 — Official Filing: Indraprastha Gas Limited (IGL) will hold a shareholders meeting via postal ballot on July 22, 2026, in New Delhi, to consider the appointment of Shri Kumar Shanker (DIN: 09533240) as Executive Director and Managing Director. His tenure is set to begin on June 5, 2026, and conclude on June 4, 2029. The voting period for the postal ballot will end on August 20, 2026.
- 2026-07-08 — Generic Announcement: Indraprastha Gas Limited is conducting a postal ballot and remote e-voting from July 22, 2026, to August 20, 2026, to seek member approval for the appointment of Shri Kumar Shanker as a Director and Managing Director. His appointment is effective from June 5, 2026, to June 4, 2029, with terms and remuneration as forwarded by GAIL (India) Limited. The results will be announced on or before August 24, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_08072026160848_IGLPostalBallotNotice08072026.pdf)
- 2026-06-25 — Generic Announcement: Indraprastha Gas Limited will close its trading window from July 1, 2026, until 48 hours after the public announcement of its unaudited financial results for the quarter ending June 30, 2026. The date of the board meeting to consider these results will be announced later. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_25062026104939_TradingWindowclosure.pdf)
- 2026-06-05 — Generic Announcement: Shri Kumar Shanker has been appointed as the Managing Director of Indraprastha Gas Limited (IGL), effective June 05, 2026, nominated by GAIL (India) Limited. He succeeds Shri Kamal Kishore Chatiwal, who ceased to be Managing Director and Director on the same date. Shri Kumar Shanker has over 31 years of experience in the natural gas industry and previously served as Managing Director of Maharashtra Natural Gas Limited. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_05062026180112_IGLChangeinMD05062026.pdf)
- 2026-06-01 — Generic Announcement: Effective June 01, 2026, Shri Ajai Tyagi has been designated as Head of Department for Business Development & Corporate Strategy at Indraprastha Gas Limited. This change follows the superannuation of Shri Sanjeev Kumar Bhatia from the company on the same date. Shri Tyagi brings approximately 36 years of experience, including 23 years in the City Gas Distribution sector. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_01062026161734_ChangeinSMP01062026.pdf)
- 2026-05-22 — Generic Announcement: Indraprastha Gas Limited announced on May 22, 2026, that shareholders approved a resolution appointing Shri. Subhankar Sen as a Director via postal ballot and remote e-voting. The voting period was from April 22, 2026, to May 21, 2026. The resolution passed with 93.77% of the votes in favor. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_22052026153001_IGLPostalBallotResults22052026.pdf)
- 2026-05-19 — Generic Announcement: Indraprastha Gas Limited provided a link to the audio recording of a conference call held on May 19, 2026. The call discussed the audited financial results for the quarter and year ended March 31, 2026. This disclosure is in compliance with SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/IGL1_19052026172455_EarningCallaudiolink19052026.pdf)

## News and market events

- 2026-09-16 — MONEYCONTROL: **Nomura sees sharp Q2 recovery for OMCs despite $100 oil; prefers IOCL, BPCL** — Nomura, IOCL, BPCL, HPCL, Hindustan Oil share price, BPCL stock today, Oil prices, Us-Iran war, brent crude — [Source](https://www.moneycontrol.com/news/business/stocks/nomura-sees-sharp-q2-recovery-for-omcs-despite-100-oil-prefers-iocl-bpcl-14030946.html)
- 2026-09-11 — Mint: **IGL stock outlook by Motilal Oswal: Buy for 27% upside; check target price - 'Margins bottoming; volumes diversifying'** — IGL stock declined nearly 20% in 2026, pressured by a host of factors like crude oil and gas costs, currency issues, and Delhi's EV policy risks. Despite these challenges, Motilal Oswal views the stock's valuation as attractive, maintaining a 'Buy' recommendation. Check target price — [Source](https://www.livemint.com/market/stock-market-news/igl-stock-outlook-by-motilal-oswal-buy-for-27-upside-check-target-price-margins-bottoming-volumes-diversifying-11789121783951.html)
- 2026-09-11 — MONEYCONTROL: **Buy Indraprastha Gas; target of Rs 195: Motilal Oswal** — Motilal Oswal, Indraprastha Gas, buy, Recommendations — [Source](https://www.moneycontrol.com/news/business/stocks/buy-indraprastha-gas-target-of-rs-195-motilal-oswal-14027806.html)
- 2026-09-10 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 10): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-10-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-554437-2026-09-10)
- 2026-09-09 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 9): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-9-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-554123-2026-09-09)
- 2026-09-08 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 8): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-8-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553814-2026-09-08)
- 2026-09-07 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 7): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — pg price, cng price, png price, lpg cng png price 7 September, lpg india price, cng india price, png india price, lpg cng png india price 7 September, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-7-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553531-2026-09-07)
- 2026-09-07 — MONEYCONTROL: **Trade Spotlight: How should you trade IFCI, Balaji Amines, ACME Solar Holdings, Indraprastha Gas, Tata Communications, and others on September 7?** — Trade Spotlight — [Source](https://www.moneycontrol.com/news/business/markets/trade-spotlight-how-should-you-trade-ifci-balaji-amines-acme-solar-holdings-indraprastha-gas-tata-communications-and-others-on-september-7-14023879.html)
- 2026-09-06 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 6): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-6-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553476-2026-09-06)
- 2026-09-05 — The Hindu: **Movers & Shakers: Stocks that will see action this week** — Discover potential stock movements this week for Bajaj Finserv, IGL, and Titagarh Rail Systems based on market analysis. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/movers-amp-shakers-stocks-that-will-see-action-this-week/article71429411.ece)
- 2026-09-05 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 5): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-5-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553407-2026-09-05)
- 2026-09-04 — BUSINESSTODAY: **LPG, CNG, PNG prices today, September 4: Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/latest/economy/story/lpg-cng-png-prices-today-september-4-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553303-2026-09-04)
- 2026-09-03 — BUSINESSTODAY: **LPG, CNG, PNG prices today (September 3): Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/india/story/lpg-cng-png-prices-today-september-3-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-553013-2026-09-03)
- 2026-09-01 — CNBC-TV18: **Mahanagar Gas follows IGL, hikes Mumbai CNG price by ₹2 per kg; Stock in focus** — Similar to its peer IGL, Mahanagar Gas also attributed the need to increase prices of CNG in Mumbai due to the ongoing crisis in West Asia. — [Source](https://www.cnbctv18.com/market/mahanagar-gas-mgl-cng-price-hike-in-mumbai-new-rates-margins-west-asia-share-price-19980995.htm)
- 2026-09-01 — BUSINESSTODAY: **LPG, CNG, PNG prices today, September 1: Check latest rates in Delhi, Mumbai, Kolkata, other cities** — lpg price, cng price, png price, lpg cng png price, lpg india price, cng india price, png india price, lpg cng png india price, lpg price in india, cng price in india, png price in india, lpg cng png price in india, gas price, gas price india, gas price in india, cooking gas cylinder price, cooking gas cylinder price india, cooking gas cylinder price in india, lpg price near me, cng price near me, png price near me, lpg cng png price near me, lpg price in delhi, cng price in delhi, png price in delhi, lpg cng png price in delhi, lpg price in mumbai, cng price in mumbai, png price in mumbai, lpg cng png price in mumbai, lpg price in chennai, cng price in chennai, png price in chennai, lpg cng png price in chennai, lpg price in kolkata, cng price in kolkata, png price in kolkata, lpg cng png price in Kolkata, cooking gas cylinder price in delhi, cooking gas cylinder price in mumbai, cooking gas cylinder price in chennai, cooking gas cylinder price in kolkata — [Source](https://www.businesstoday.in/india/story/lpg-cng-png-prices-today-september-1-check-latest-rates-in-delhi-mumbai-kolkata-other-cities-552425-2026-09-01)
- 2026-08-31 — The Hindu: **Mahanagar Gas Ltd to hike price of CNG by ₹2 per kg across all retail outlets** — Mahanagar Gas Ltd raises CNG prices by ₹2/kg to ₹88 in Mumbai, effective August 31, 2026. — [Source](https://www.thehindu.com/business/industry/mahanagar-gas-ltd-to-hike-price-of-cng-by-2-per-kg-across-all-retail-outlets/article71412405.ece)
- 2026-08-31 — CNBC-TV18: **IGL may need another CNG price hike if gas costs stay high: ICICI Securities** — Probal Sen, Oil and Gas Analyst at ICICI Securities, says another CNG price hike could be possible if LNG prices remain elevated. However, CGDs may accept some margin pressure to focus on adding customers and expanding their networks. — [Source](https://www.cnbctv18.com/market/igl-cng-price-hike-lng-costs-margin-outlook-mahanagar-gas-icici-securities-19980239.htm)
- 2026-08-28 — Times of India: **CNG price hiked by Rs 3.89/kg in Delhi-NCR amid rising LNG cost** — India News: NEW DELHI: Indraprastha Gas Limited (IGL) has raised CNG prices in Delhi-NCR by Rs 3.89 per kg amid rising import costs of liquefied natural gas (LNG). — [Source](https://timesofindia.indiatimes.com/business/india-business/cng-price-hiked-by-rs-3-89/kg-in-delhi-ncr-amid-rising-lng-cost/articleshow/133597981.cms)
- 2026-08-28 — Economic Times: **CNG price hiked by Rs 3.89/kg in Delhi-NCR amid West Asia crisis** — New CNG price: Indraprastha Gas Limited has raised compressed natural gas prices by Rs 3.89 per kilogram. This price adjustment took effect on Saturday, impacting Delhi-NCR consumers significantly. The increase reflects higher import costs for liquefied natural gas amid global energy price fluctuations. Consequently, freight and passenger fares across the region are expected to see an upward revision. This marks the fifth CNG price hike in Delhi-NCR this year. — [Source](https://economictimes.indiatimes.com/industry/energy/oil-gas/cng-price-hiked-by-rs-3-89/kg-in-delhi-ncr-amid-west-asia-crisis/articleshow/133598275.cms)
- 2026-08-21 — Mint: **For city gas distributors, policy support is short-term relief, at best** — A new government scheme could lift margins for city gas distributors, but the benefit is one-off as high gas costs and policy uncertainty continue to weigh on the sector. — [Source](https://www.livemint.com/market/mark-to-market/for-city-gas-distributors-policy-support-is-short-term-relief-at-best-11787289999889.html)
- 2026-08-20 — MONEYCONTROL: **MGL set to gain most from new APM gas incentive; IGL, Gujarat Energy also benefit: Nomura** — Indraprastha Gas, Mahanagar Gas, Gujarat Energy, Nomura — [Source](https://www.moneycontrol.com/news/business/stocks/mgl-set-to-gain-most-from-new-apm-gas-incentive-igl-gujarat-energy-also-benefit-nomura-14011061.html)
- 2026-08-19 — The Hindu: **Sensex, Nifty fall for 7th straight session as rising crude oil prices weigh on sentiment** — Nifty IT becomes sole gainer sectorally, rising 0.4% and snapping a four-day losing streak on value buying and domestic capital rotation — [Source](https://www.thehindubusinessline.com/markets/sensex-nifty-fall-for-7th-straight-session-as-rising-crude-oil-prices-impact-market-sentiment/article71364787.ece)
- 2026-08-19 — Economic Times: **IGL, MGL, Adani Total Gas shares rally up to 6% as govt boosts domestic PNG push** — City gas distributor stocks rallied after the government approved an incentive scheme to accelerate domestic PNG connections from September 1. Mahanagar Gas, IGL, Adani Total Gas rose as the scheme aims to expand active piped gas connections and promote cleaner, safer and affordable cooking fuel. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/igl-mgl-adani-total-gas-shares-rally-up-to-6-as-govt-boosts-domestic-png-push/articleshow/133339597.cms)
- 2026-08-19 — Mint: **IGL, MGL to Adani Total Gas: City gas distributor stocks rise up to 4%; here's why** — The rally in the stocks came in after the government cleared an incentive scheme to boost domestic piped natural gas (PNG) connections. — [Source](https://www.livemint.com/market/stock-market-news/igl-mgl-to-adani-total-gas-city-gas-distributor-stocks-rise-up-to-4-heres-why-11787117125898.html)
- 2026-08-19 — CNBC-TV18: **Explained - Why IGL, MGL, Adani Total Gas shares gained over 5% on Wednesday** — In an interaction with CNBC-TV18 on Wednesday, Probal Sen of ICICI Securities said that the additional APM gas allocation will be beneficial for both IGL and MGL. He anticipates this move to result in a 50% jump in gas production. — [Source](https://www.cnbctv18.com/market/igl-mgl-adani-total-gas-gujarat-energy-share-price-key-reasons-why-these-stocks-are-up-on-wednesday-gas-19972416.htm)

## Business profile

**Strategic vision:** Distributes natural gas for domestic, transport, and commercial use.

### Business segments
- **Compressed Natural Gas (CNG):** Supplied as an auto fuel for the transport sector and for industrial gas supplies.
- **Piped Natural Gas (PNG):** Distributed to domestic and commercial sectors for cooking and other applications.
- **Industrial Gas Supply:** Natural gas is supplied to industrial establishments.

### Competitive strengths
- Established natural gas distribution network across multiple states.
- Partnerships with major energy corporations like GAIL and BPCL.
- Focus on providing cleaner, environment-friendly auto fuel alternatives.

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/igl
Markdown representation: https://faxioms.com/stocks/igl?render=md