Indraprastha Gas Ltd.

Financial

	Indraprastha Gas	Gujarat Gas	Mahanagar Gas
Operational Metrics
CNG
Realization / SCM - CNG	44.31 Rs/SCM	n/a	45.57 Rs/SCM
Daily Sales Volume - CNG	6.85 mmscmd	3.12 mmscmd	2.98 mmscmd
Volume Growth - CNG	6.0 %	n/a	n/a
Natural Gas
Volume Growth - Natural Gas	7.0 %	n/a	n/a
Daily Sales Volume - Natural Gas	9.11 mmscmd	9.47 mmscmd	4.12 mmscmd
Realization / SCM - Natural Gas	44.65 Rs/SCM	50.84 Rs/SCM	46.27 Rs/SCM
Piped Natural Gas
Daily Sales Volume - PNG	2.46 mmscmd	6.35 mmscmd	1.22 mmscmd
Volume Growth - PNG	12.0 %	n/a	n/a
Realization / SCM - PNG	45.63 Rs/SCM	n/a	47.58 Rs/SCM
Financials
5 yr Average ROE	20.58 %	24.79 %	20.19 %
5yr average Equity Multiplier	1.47	1.81	1.45
5yr Average Asset Turnover Ratio	0.84	1.41	0.86
5yr Avg Net Profit Margin	17.65 %	9.75 %	16.53 %
Price to Book	2.45	3.89	2.36
P/E	15.28	24.44	12.5
5yr Avg Cash Conversion Cycle	-11.24 Days	2.64 Days	-15.95 Days
Inventory Days	2.02 Days	1.5 Days	2.04 Days
Days Receivable	22.69 Days	22.97 Days	15.59 Days
Days Payable	38.96 Days	18.12 Days	32.74 Days
5yr Average Interest Coverage Ratio	79.29	20.72	117.31
5yr Avg ROCE	22.18 %	24.21 %	25.06 %
5yr Avg Operating Profit Margin	21.97 %	15.32 %	24.68 %
5 yr average Debt to Equity	0.0	0.18	0.0
5yr CAGR Net Profit	9.71 %	-0.94 %	16.41 %
5yr Average Return on Assets	14.0 %	13.44 %	13.93 %
Shareholdings
Promoter Holding	45.0 %	60.89 %	32.5 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	0.0	0.0
Change in Mutual Fund Holding (3 Yrs)	4.52 %	-1.9 %	9.53 %

Business

	Indraprastha Gas	Gujarat Gas	Mahanagar Gas
Product Wise Break-Up	Product Wise Break-Up Compressed Natural Gas (CNG) 72.68 Piped Natural Gas (PNG) 26.88 Commercial PNG 0 Domestic PNG 0 CNG 0 Industrial PNG 0 City Gas 0 PNG 0 Others 0.44	Product Wise Break-Up Domestic PNG 8.1 Commercial PNG 1.7 CNG 21.8 Piped Natural Gas (PNG) 0 Industrial PNG 68.4 PNG 0 City Gas 0 Compressed Natural Gas (CNG) 0	Product Wise Break-Up Domestic PNG 0 Commercial PNG 0 CNG 69.85 Piped Natural Gas (PNG) 0 Industrial PNG 0 PNG 29.91 City Gas 0 Compressed Natural Gas (CNG) 0 Others 0.24
Location Wise Break-Up	Location Wise Break-Up NCR 100.0 Rest of the World 0	Location Wise Break-Up Rest of the World 0 NCR 0 Others 100	Location Wise Break-Up Rest of the World 0 NCR 0 Others 100
Gas Marketing Mix	Gas Marketing Mix Non-APM (Non - Administrative Price Mechanism) 38.0 APM 37.0 Regasified Liquefied Natural Gas (RLNG) 19.0 PMT (Panna-Mukta and Tapti) 0 Others 6.0	-	-
Asset Break-Up	Asset Break-Up Others 100	-	-