Indraprastha Gas lmt shared the fourth CNG price hike in less than two weeks. As of around 9:30 AM IST, the stock is trading near ₹158-160 levels on the NSE.
The share price has shown modest movement today amid the price revision. It is up around 13% from its 52-week low of ₹141.74, while it remains down roughly 30% from its 52-week high of ₹229. Market capitalization stands at approximately ₹22,000 crore.
CNG prices have been increased by ₹2 per kg, taking the price in Delhi to ₹83.09 per kg. This marks the fourth hike in a short period, driven by rising input costs linked to global crude oil prices, rupee movement, and imported LNG. CNG remains cheaper than petrol and diesel by around 40-45%.
IGL is the largest city gas distribution company in India, supplying CNG and PNG primarily in Delhi-NCR. The company has reported Q4 FY26 net profit of ₹341 crore, down 25% YoY, with revenue up 6% YoY.
Fundamentals show a P/E ratio around 14-16, with steady but pressured margins due to gas costs. Investors are monitoring the impact of repeated price hikes on volume growth and consumer demand in the transport segment.
The gas distribution sector continues to face variables around input costs, regulatory aspects, and execution of expansion plans. Trading volume has been average in early trade as market participants assess the latest development.
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