Analysis Indraprastha Gas Limited (IGL)
5/30/2024
Analysis of Indraprastha Gas Limited (IGL)
Based on the provided data for Indraprastha Gas Limited (IGL) for the past few days:1. Price Movement:
- The price of IGL has been fluctuating between 440 and 472 INR.
- There is no clear trend in the price movement, with some volatility observed.
2. Technical Indicators:
- RSI (Relative Strength Index) values are mostly around 50, indicating a balanced market sentiment.
- MACD (Moving Average Convergence Divergence) values show some fluctuations, but the MACD histogram suggests a bearish trend.
- Moving Averages (SMA, EMA, WMA) are relatively close to each other, indicating a lack of strong trend direction.
3. Overall Analysis:
- The stock seems to be consolidating with no clear trend direction.
- Traders may need to wait for a clearer signal before making trading decisions.
- It is essential to monitor the price action closely for any potential breakout or reversal signals.
Please note that this analysis is based on the provided data and should be supplemented with additional research before making any investment decisions.
Earnings
The company's results for the most recent quarter, ending on April 30, 2025, have not been provided at this time. The previous results were reported on February 27, 2025, by the Transfer Agent. Before that, on January 31, 2025, the results were released after hours. The results from October 31, 2024, were not provided at the time. On August 1, 2024, the company reported an earnings per share (EPS) estimate of 1.32.Main Statystic ðŸ§
The data provided includes financials, stock statistics, valuation metrics, stock price summary, and dividends and splits information for a specific company.In terms of financials, the company has strong operating cash flow and levered free cash flow, with a positive profit margin and healthy return on assets and equity. The balance sheet shows a decent current ratio, but a relatively high total debt to equity ratio. The income statement indicates significant revenue and EBITDA, with a good gross profit margin and diluted EPS.
Stock statistics reveal details such as short ratio, float shares, shares outstanding, and insider and institutional ownership percentages. Valuation metrics include PEG ratio, PE ratios, enterprise value, price to book, price to sales, and market capitalization. The stock price summary shows beta, moving averages, and the range of the stock price over the past year.
Lastly, dividends and splits information includes payout ratio, dividend dates, split dates, dividend yields, and dividend rates.
Earnings estimate
Based on the analysts' estimates for future quarterly and annual earnings per share:1. For the current quarter ending on June 30, 2024, the average EPS estimate is $1.33, with a range from $1.27 to $1.36. This shows growth compared to the EPS of $1.26 from the same quarter a year ago.
2. For the next quarter ending on September 30, 2024, the average EPS estimate is $1.53, with a range from $1.44 to $1.63. This indicates a slight increase from the EPS of $1.46 from the same quarter a year ago.
3. For the current year ending on September 30, 2024, the average EPS estimate is $6.59, with a range from $6.43 to $6.92. This reflects growth compared to the EPS of $6.13 from the previous year.
4. For the next year ending on September 30, 2025, the average EPS estimate is $7.23, with a range from $6.40 to $7.90. This shows a potential increase from the EPS of $6.59 from the previous year.
Overall, the analysts are forecasting growth in earnings per share for both the upcoming quarters and the next two fiscal years.
Revenue estimate
Based on the analysts' estimates for the future quarterly and annual sales of the company, we can draw the following conclusions:1. For the current quarter ending on June 30, 2024, the average sales estimate is $83,776,900,000, with a sales growth of 2% compared to the same quarter last year.
2. For the next quarter ending on September 30, 2024, the average sales estimate is $92,375,300,000, with a sales growth of 3% compared to the same quarter last year.
3. For the current fiscal year ending on September 30, 2024, the average sales estimate is $386,681,000,000, with a sales growth of 1% compared to the previous fiscal year.
4. For the next fiscal year ending on September 30, 2025, the average sales estimate is $411,555,000,000, with a sales growth of 6% compared to the current fiscal year.
Overall, the analysts are forecasting moderate sales growth for both the upcoming quarters and the next fiscal year, indicating a positive outlook for the company's revenue performance.
Growth estimates
Based on the consensus estimates provided by analysts, we can draw the following conclusions regarding the growth rate of the company for different periods:1. Current Quarter: The estimated growth rate for the current quarter is 5.6%.
2. Next Quarter: The estimated growth rate for the next quarter is 4.8%.
3. Current Year: The estimated growth rate for the current year is 7.5%.
4. Next Year: The estimated growth rate for the next year is 9.7%.
5. Past 5 Years (per annum): The average growth rate for the past 5 years is 20.1%.
6. Next 5 Years (per annum): The estimated average growth rate for the next 5 years is 11%.
These estimates suggest that the company has been experiencing strong growth in the past, but analysts expect the growth rate to moderate slightly in the coming years, although it is still projected to be positive.
Price target
The analysts' forecast for the future price of the security is as follows:- Low: $164
- High: $250
- Median: $200
- Average: $202.26
- Current price: $191.57
- Currency: USD
Based on this forecast, it seems that the analysts are generally optimistic about the future price of the security, with a median estimate of $200. However, it's important to note that there is a wide range of estimates, from $164 to $250. The current price of $191.57 is below both the average and median forecast, indicating a potential upside according to analysts.
Income statement 💸
These are the revenues. Here are the conclusions:1. The company's sales have been increasing steadily over the past four fiscal years, from $274.5 billion in 2020 to $383.3 billion in 2023.
2. Despite fluctuations in other financial metrics, the gross profit has generally followed the trend of increasing sales, indicating healthy margins.
3. The company has been able to maintain a relatively stable EBITDA margin over the years, ranging from around 30% to 34%.
4. Net income has also shown an increasing trend, reaching $96.99 billion in 2023 from $57.41 billion in 2020.
5. Earnings per share (EPS) have shown a slight increase over the years, with diluted EPS ranging from 3.28 in 2020 to 6.13 in 2023.
6. The company has effectively managed its operating expenses, with operating income consistently growing over the years.
7. Despite variations in non-operating interests and other income/expenses, the company has been able to generate strong profits from its core operations.
8. The number of basic and diluted shares outstanding has remained relatively stable over the years, indicating no significant dilution of shares.
9. Overall, the financial performance of the company, as indicated by its revenues, reflects a positive growth trajectory and effective cost management.
Balance Sheet
These are balance sheets. Here are the conclusions:1. The total assets have been increasing over the years, from $323.9 billion in 2018 to $352.8 billion in 2023.
2. Current assets have fluctuated but generally increased, with the highest value in 2023 at $143.6 billion.
3. Non-current assets have also shown an increasing trend, reaching $209 billion in 2023.
4. Total liabilities have been increasing steadily, from $248 billion in 2019 to $290.4 billion in 2023.
5. Shareholders' equity has shown some fluctuations but has increased overall, from $90.5 billion in 2018 to $62.1 billion in 2023.
6. The company has been investing more in non-current assets over the years, possibly for long-term growth.
7. There is a significant amount of debt in the company's capital structure, both short-term and long-term.
8. The company has been relying on retained earnings to support its equity position.
9. The company seems to be managing its current assets well, with a good amount of cash and short-term investments.
10. Overall, the financial health of the company seems stable, with a focus on long-term growth and managing its debt levels.
Cash Flow 💶
This is the cash flow statement. Here are some conclusions we can draw from the data:1. The company's free cash flow has been fluctuating over the years, with the highest value in 2022 and the lowest in 2020.
2. Operating cash flow has generally been increasing year over year, indicating improved operational efficiency.
3. The company has been consistently paying interest and income taxes, with varying amounts each year.
4. Financing activities show a pattern of common stock repurchases and debt issuances/payments, impacting the company's cash position.
5. Investing activities reflect significant investments in acquisitions, capital expenditures, and the sale/purchase of investments.
6. The end cash position has been fluctuating, reaching its highest value in 2020 and its lowest in 2022.
7. Overall, the company's cash flow statement shows a mix of operational, financing, and investing activities that have influenced its cash position over the years.
MACD of IGL
This is not investment advice. Remember to verify the information provided here.
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