Sector Revenues:

• Natural gas distribution: approx. 70%
• Compressed natural gas (CNG) for vehicles: approx. 20%
• Liquefied natural gas (LNG) and other services: approx. 10%

TOP 3 Markets:

1. Delhi and surrounding areas: approx. 50%
2. Uttar Pradesh: approx. 30%
3. Haryana: approx. 20%

Indraprastha Gas Limited (IGL) generates the majority of its revenues from the distribution of natural gas, particularly through the sale of compressed natural gas (CNG) for vehicles and supplying households and industries with natural gas. The primary market is the Delhi region, followed by the neighboring states of Uttar Pradesh and Haryana. These markets are crucial for the company as they have high population density and a growing demand for cleaner sources of energy.

Production Sites: Delhi, Noida, Greater Noida, Ghaziabad, Gurugram, Rewari, Karnal, Muzaffarnagar, Shamli, Meerut, Ajmer, Pali, Rajsamand

Indraprastha Gas Limited (IGL) mainly operates in the Delhi-NCR region in India. The company runs an extensive network for the distribution of natural gas and operates multiple production and distribution facilities in the cities mentioned above. These sites are strategically chosen to ensure the supply of natural gas to households, vehicles, and industrial customers in these densely populated and economically significant regions.

Revenue Growth: Estimated 10-12% annually (2026 forecast)
Expansion of CNG Infrastructure: Planned increase by 20% by 2026

Indraprastha Gas Limited (IGL) is pursuing a growth strategy that heavily relies on expanding its CNG infrastructure. The company plans to significantly increase its number of CNG stations to meet the rising demand in urban and suburban areas.

In addition, IGL is investing in tapping into new geographical markets within India to expand its market presence. This includes both expanding existing pipelines and entering new supply areas.

Another focus is on diversifying energy sources. IGL is exploring opportunities to integrate renewable energies into its portfolio to support the transition to a more sustainable energy supply and meet regulatory requirements.

Main raw material: Natural gas

Indraprastha Gas Limited (IGL) mainly imports natural gas, which is used as a raw material for the distribution of compressed natural gas (CNG) and piped natural gas (PNG).

Countries of origin:

1. Qatar
2. USA
3. Australia

IGL sources a large part of its natural gas through long-term supply contracts, especially from Qatar, which is a significant exporter of liquefied natural gas (LNG). Additionally, the company imports LNG from the USA and Australia to ensure supply security and meet the increasing demand in India.

This diversification of sources helps IGL minimize price fluctuations and ensure a continuous supply.

Market share in Delhi: Over 70% (2025)
Revenue growth: 8% (2025)
Net profit margin: 12% (2025)

Indraprastha Gas Limited (IGL) has a significant competitive advantage, especially in the Delhi region, where the company holds a market share of over 70%. This dominance gives IGL a strong negotiating position and enables the company to benefit from economies of scale.

The 8% revenue growth in 2025 shows that IGL is able to increase its revenue despite a saturated market. This is attributed to continuous expansion of infrastructure and increasing demand for environmentally friendly energy sources.

The 12% net profit margin underscores the company's efficiency compared to its competitors. IGL continuously invests in technology and infrastructure to improve its operational efficiency and reduce costs, leading to solid profitability.

Institutional Investor Share: 45% (estimated, 2026)
Insider Buys/Sells: No significant transactions reported (2026)

Indraprastha Gas Limited (IGL) has traditionally maintained a stable institutional investor share around 45%. This reflects institutional investors' confidence in the company's long-term growth prospects.

Regarding insider buys and sells, there were no significant transactions in 2026 that would indicate a change in the management's confidence in IGL's future development. This suggests a stable internal assessment of the company's situation.

Market share of Indraprastha Gas Limited (IGL): 25% (estimated, 2026)

Top competitors and their market shares:

1. GAIL (India) Limited: 30%
2. Bharat Petroleum Corporation Limited (BPCL): 20%
3. Hindustan Petroleum Corporation Limited (HPCL): 15%
4. Mahanagar Gas Limited (MGL): 10%
5. Adani Total Gas Limited: 5%

Indraprastha Gas Limited (IGL) is one of the leading providers in the field of city gas distribution in India. IGL's market share is estimated at around 25%, making it one of the key players in this sector. GAIL (India) Limited is the largest competitor with a market share of about 30%.

IGL's moat is based on its strong infrastructure in the Delhi region and its surroundings, where it has an established supply chain and an extensive customer network. This provides the company with a significant advantage compared to some of its competitors who may not have the same regional coverage or customer base.

However, companies like GAIL and BPCL also have strong moats based on their extensive infrastructure and diversified business models. These companies benefit from their size and integration into various areas of the energy sector, giving them a certain resilience and flexibility in the market.

Overall, IGL has a solid moat in its core region, but the diversified business models and national presence of larger competitors could potentially provide a stronger advantage in the long run.

Revenue Growth: 8% (2025) Net Profit Growth: 10% (2025) Market Share in City Gas Distribution: 70% in Delhi and surrounding areas (2025)

Indraprastha Gas Limited (IGL) shows a solid revenue growth of 8% in 2025, attributed to stable demand for city gas in the Delhi region. The company benefits from a strong market position and a 70% market share in the city gas distribution sector in Delhi and surrounding areas.

The 10% net profit growth in 2025 indicates that IGL is operating efficiently and able to control its costs while increasing its revenues. This is a positive signal for investors as it points to a healthy financial performance.

Additionally, IGL has invested in expanding its infrastructure in recent years to meet the growing demand and explore new markets. These strategic investments could lead to further growth opportunities in the long term.

Overall, due to its strong market position, solid financial performance, and strategic investments, IGL could present an attractive investment opportunity, especially for investors interested in long-term growth.

Dividend Yield: 1.5% (2025)

Indraprastha Gas Limited has regularly paid dividends in recent years. The dividend yield was around 1.5% in 2025. This demonstrates a certain reliability in the company's dividend distribution policy.

The company has a solid financial foundation and stable cash flow generation, supporting its ability to make continuous dividend payments. Analysts believe that IGL will also be able to pay dividends in the coming years, provided that no significant negative economic changes occur.