Analysis published 20 Apr 2026

AI-generated · cited to primary sources · not investment advice

Indraprastha Gas (532514) Nov 2025 Filing Analysis

01 · Management Credibility

Does management do what it says?

In progressCGD Network Expansion to 100% Population Coverage
73/100

The company has spent INR 847 crores in the first 9 months of FY26 against a full-year plan of approximately INR 1,250 crores, indicating they are on track to meet the core capex target. (1 in progress, 1 met across 2 tracked commitments)

So, we have plans for around Rs. 1,200-Rs. 1,400 on our core in the CAPEX

Indraprastha Gas · Concall Transcript · Nov 2025 · p.11
MissedGross Margin per SCM for CGD Operators
58/100

The EBITDA per SCM for Q1 FY26 stood at Rs. 6.16, which falls within the guided short-term range of Rs. 6 to Rs. 7. (1 met, 1 missed across 2 tracked commitments)

We are confident that Rs. 7-Rs. 8 guidance we will be able to maintain... But our long term guidance remains on Rs. 7-Rs. 8 and we are on path to that.

Indraprastha Gas · Concall Transcript · Nov 2025 · p.10

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