Indraprastha Gas Limited · NSE:IGL
Indraprastha Gas — Investor Presentation (November 2025)
31 slides from Indraprastha Gas's investor presentation, November 2025
Slide 1: Indraprastha Gas Limited: An Overview
Indraprastha Gas Limited An Overview November 2025
Slide 2: Background
Background Incorporated in 1998, IGL is a Joint Venture of GAIL and BPCL. Govt. of NCT of Delhi is also holding 5% equity. The company was listed in stock exchange in December 2003. IGL started its operations in NCT of Delhi in 1999 with only 9 CNG stations and 1000 PNG consumers. Today IGL has its
Slide 3: Shareholding Pattern as on 30 September 2025
Shareholding Pattern As on 30 September 2025 % HOLDING Promoters - 45% (GAIL-22.5% & BPCL- 22.5%) Government of NCT of Delhi - 5% 13 % 9% 45 Foreign Institution Investors - 17% 11% % Mutual Funds - 11% 5% Insurance Companies - 13% Public / Others - 9% 17% 3
Slide 4: Management
Management IGL Board is fairly well diversified with ten members including two each from GAIL and BPCL, one from Govt. of Delhi and five independent directors. The company is beneficiary of its strong parentage and gets significant support from GAIL and BPCL relating to operations and management. By
Slide 5: Areas of Operation
Areas of Operation Delhi: National capital of India has huge demand potential: - Where public transport vehicles have to necessarily run on CNG in view of the directions of the Hon. Supreme Court of India. However in recent times the government is promoting EV. - Has the highest number of private ca
Slide 6: Area of Operation
Area of Operation Meerut, Muzaffarnagar & Shamli: IGL has been authorized for Meerut (Except area already authorized), Muzaffarnagar & Shamli geographical area in the 9 th round of bidding by PNGRB in which IGL has commissioned forty four CNG stations and started sale of PNG to Domestic households a
Slide 7: Current Sales Volume Mix (%)
Current Sales Volume Mix (%) Comm./ Ind. 13% Sale to other CGD Cos. 5% Residential 8% CNG 74% 7
Slide 8: Sales Volumes
Sales Volumes Figures in MMSCM FY’21 FY’22 FY’23 FY’24 FY’25 Sep’2 5 CNG 1,357 1847 2209 2298 2433 1258 PNG 587 704 743 786 848 430 Total Sale 1,944 2551 2952 3084 3281 1688 Daily Average 5.33 6.99 8.09 8.43 8.99 9.22 Sale 8
Slide 9: Sales Volumes
Sales Volumes 786 848 743 2433 704 2209 2298 587 1847 1357 430 1258 CNG (MMSCM) PNG (MMSCM) FY'21 FY'22 FY'23 FY'24 FY'25 Sep'25 FY'21 FY'22 FY'23 FY'24 FY'25 Sep'25 3281 8.99 9.22 2952 3084 8.43 8.09 2551 6.99 1944 5.33 1688 Daily Average Sale (MMSCMD) Total Sale (MMSCM) FY'21 FY'22 FY'23 FY'24 FY'
Slide 10: Volume Trends
Volume Trends (FY’21 to Sep’25) (All figures in MMSCMD) 9.22 8.99 0.50 8.43 0.50 0.25 8.09 0.24 0.50 0.88 0.50 0.23 0.88 0.20 6.99 0.80 0.71 0.80 0.70 0.47 0.62 0.14 0.54 0.82 5.33 0.50 0.37 0.09 0.69 0.46 6.67 6.88 6.05 6.28 5.06 3.72 FY 2020-21 FY 2021-22 FY 2022-23 FY 2023-24 FY 2024-25 Sep'25 CN
Slide 11: Gas Sourcing
Gas Sourcing Allocation from Govt. of India of domestic gas for CNG and PNG Domestic segment. Lower prices of domestic gas makes the economics of switching to gas more attractive driving growth in CNG & PNG- Domestic segments which constitute around 82% of the total sales volumes. Have tied up long
Slide 12: Current Gas Mix (%) (Overall Purchases)
Current Gas Mix (%) (Overall Purchases) Chart Title APM/Non APM NWG RLNG NWG 10% APM/Non APM 40% RLNG 50% Based on data of q4 of financial year 2024-25 12
Slide 13: Growth in CNG
Growth in CNG Financial March’ March’ March’ March’ March’ Sep’25 Year 21 22 23 24 25 CNG 612 711 791 882 954 929 Stations (Cumulative Nos.) Sale (Lakh 9,575 13,071 16,112 16,468 17,360 9,104 kg) Sale (Lakh 26.23 35.81 44.14 44.99 47.56 49.75 kg/day) 13
Slide 14: Growth in CNG
Growth in CNG 17360 954 16112 16468 882 929 791 13071 711 612 9575 9104 No. of CNG Stations Sales in Lakh kg March'21 March'22 March'23 March'24 March'25 Sep'25 March'21 March'22 March'23 March'24 March'25 Sep'25 49.75 47.56 44.14 44.99 35.81 26.23 Sales in Lakh kg/day March'21 March'22 March'23 Mar
Slide 15: CNG Station Network
CNG Station Network Figures in numbers Station IGL DTC/ OMC DODO Total UPSRTC Online 185 35 445 81 746 Daughter 0 0 107 5 112 Booster Daughter 0 0 51 0 51 Hybrid 0 0 19 0 19 LNG 1 0 0 0 1 Total 186 35 622 86 929 15
Slide 16: CNG Vehicles in IGL GAs
CNG Vehicles (Figures in Nos.) IGL GA’s 46,599 7,21,431 667,607 36,134 618,654 32,554 569,806 29,941 534,557 26,760 27,284 490,662 Buses Auto/ LGV/ RTV March'21 March'22 March'23 March'21 March'22 March'23 March'24 March'25 Sep'25 March'24 March'25 Sep'25 14,564,74 2,224,504 1,409,240 2,112,981 1,24
Slide 17: PNG Connections
PNG Connections 30.7 31.75 27 23.7 20.6 16.85 Domestic (Lakhs) March'21 March'22 March'23 March'24 March'25 Sep'25 12567 12,049 9021 9,021 7,720 6,687 Industrial/ Commercial (Nos.) March'21 March'22 March'23 March'24 March'25 Sep'25 17
Slide 18: PNG Network
PNG Network (Figures in kilometers) 2478 28660 2,350 27,270 2,055 1,868 23,565 1,571 20,632 1,265 17,240 15,262 Steel Pipeline MDPE Pipeline March’21 March’22 March’23 March’21 March’22 March’23 March’24 March’25 Sep’25 March’24 March’25 Sep’25 29,620 31138 25,620 22,500 18,811 16,527 Total 18 March
Slide 19: Cumulative Capex (Rs. in Crores)
Cumulative Capex (Rs. in Crores) 12,92 1 12341 11,236 9,967 8,777 7,323 6,312 FY'20 FY'21 FY'22 FY'23 Series1 FY'24 FY'25 Sep'25 19
Slide 20: Standalone Financial Data (Rs./ Crores)
Standalone Financial Data (Rs./ Crores) 16,400 1,745 15,543 15,403 1,445 1,467 1,316 8749 * 1,005 728 8,443 5,409 Gross Turnover Total Comprehensive Income FY'21 FY'22 FY'23 FY'24 FY'25 Sep'25 FY'21 FY'22 FY'23 FY'24 FY'25 Sep'25 70 13 67 61 11 11 10 50 51 5 * 42 *7 EPS (Rs./share) Book Value (Rs./s
Slide 21: Dividend
Dividend Dividend Policy provides liberal payout Track record of last five years % of face Rs./ value Year Share of share FY 18-19 120 2.40 FY 19-20 140 2.80 FY 20-21 180 3.60 FY 21-22 275 5.50 FY 22-23 650 13.00 FY 23-24 (Interim) 200 4.00 FY 23-24 (Final) 250 5.00 FY 24-25 (Interim) 275 5.50 FY 24
Slide 22: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs IGL has acquired 50% equity share capital of Central UP Gas Limited (CUGL) at a price of Rs. 23 per equity share aggregating to Rs.68 crores. CUGL is engaged in the CGD business in the cities of Kanpur and Bareilly, Unnao & Jhansi in Uttar Pradesh. IGL has acquire
Slide 23: Acquisition of Equity in Other CGDs
Acquisition of Equity in Other CGDs A subsidiary named IGL Genesis Technologies Limited has been incorporated on 15.06.2023. The Company holds 51% share in IGL Genesis Technologies Limited. The primary objective of subsidiary is manufacturing, supply, selling and distribution of gas & other meters a
Slide 24: Standalone and Consolidated Results
Consolidated Results The standalone and consolidated financial results for the year ending September 25 are as under: Parameter Unit Standalone Consolida ted Total Comprehensive Rs. in Crores 728 813 Income EPS Rs./Share 5.20 5.82 24
Slide 25: Future Outlook
Future Outlook IGL is coming up with new DODO & FDODO models to expand the CNG station infrastructure. Continuous liasoning with automobile OEM major like Maruti, Hyundi, Tata motors to increase the number of variants on CNG . Launch of new CNG variants by major OEM’s like Maruti, Hyundai, Tata, Toy
Slide 26: Future Outlook
Future Outlook Company is actively looking for growth avenues and is open for organic/inorganic growth opportunities. The company is also looking for opportunities to diversify in other areas. Continuous meeting with STU’s to promote CNG for their fleets, meetings with ARSTU’s (Association of State
Slide 27: Credit Strength
Credit Strength Healthy profitability with strong cash generations from operations. Zero debt company. Comfortable working capital position. Care Ratings Ltd. has reaffirmed highest credit ratings of AAA (Stable) for bank facilities . 27
Slide 28: Risk & Mitigations
Risk & Mitigations Gas price • CNG & PNG prices remains competitive vis-à-vis petrol and subsidized LPG in view of allocation of domestic gas. • To mitigate the risk, company has signed mid term/long term gas purchase agreements. 28
Slide 29: Contingent Liability - DDA Case
Contingent Liability -DDA Case Delhi Development Authority (DDA) has raised a total demand of ₹155.64 crores during 2013-14 on account of increase in license fees in respect of sites taken by the Company on lease from DDA for setting up CNG stations in Delhi. The increase in license fees was related
Slide 30: Safe Harbor Statement
Safe Harbor Statement This presentation has been prepared by Indraprastha Gas Limited solely for providing information about the company. The information contained in this presentation is for general information purposes only, without regard to specific objectives, financial situations and needs of
Slide 31: Thank You
Thank You 31
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