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Indraprastha GasNSE:IGL +1.61%99 Return-on-Tangible-Equity is 11.86% as of Mar. 2026, which is 45% below its 10-year median of 21.44. GuruFocus rates NSE:IGL with a GF Score™ of 99/100 and a GF Value™ of ₹238.54 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 497 Utilities - Regulated companies, Indraprastha Gas ranks better than 61.97% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Indraprastha Gas's annualized net income for the quarter that ended in Mar. 2026 was ₹13,622 Mil. Indraprastha Gas's average shareholder tangible equity for the quarter that ended in Mar. 2026 was ₹114,810 Mil. Therefore, Indraprastha Gas's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 11.86%.
The historical rank and industry rank for Indraprastha Gas's Return-on-Tangible-Equity or its related term are showing as below:
NSE:IGL'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 13.97 Med: 21.44 Max: 25.93
Current: 13.97
During the past 13 years, Indraprastha Gas's highest Return-on-Tangible-Equity was 25.93%. The lowest was 13.97%. And the median was 21.44%.
NSE:IGL's Return-on-Tangible-Equity is ranked better than 61.97% of 497
companies
in the Utilities - Regulated industry
Industry Median: 10.92
vs NSE:IGL: 13.97
Indraprastha Gas (NSE:IGL) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Indraprastha Gas Return-on-Tangible-Equity Related Terms
Indraprastha Gas Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Indraprastha Gas's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:IGL vs ATO, NI, UGI: Return-on-Tangible-Equity Comparison
For the Utilities - Regulated Gas subindustry, Indraprastha Gas's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Indraprastha Gas Return-on-Tangible-Equity vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Indraprastha Gas's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Indraprastha Gas's Return-on-Tangible-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 11.86% mean?
Indraprastha Gas (NSE:IGL) has a Return-on-Tangible-Equity of 11.86% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indraprastha Gas and its competitors. This is 45% below median its historical median of 21.44. Over the past decade, Indraprastha Gas' Return-on-Tangible-Equity has ranged from 13.97 to 25.93. According to the industry distribution chart, Indraprastha Gas ranks #189 out of 497 companies in the Utilities - Regulated industry, placing it in the top 38%.
Is Indraprastha Gas' Return-on-Tangible-Equity too high?
Indraprastha Gas' current Return-on-Tangible-Equity of 11.86% is 45% below median its 10-year median of 21.44. Over the past 10 years, this metric has ranged from a low of 13.97 to a high of 25.93. The Utilities - Regulated industry median Return-on-Tangible-Equity is 10.92. Indraprastha Gas' value of 11.86% is 8.6% above this industry median. Based on the distribution chart, Indraprastha Gas ranks #189 out of 497 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Indraprastha Gas has a GF Score™ of 99/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indraprastha Gas' Return-on-Tangible-Equity compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Indraprastha Gas ranks #189 out of 497 companies for Return-on-Tangible-Equity. This puts Indraprastha Gas in the upper half of its industry. The industry median Return-on-Tangible-Equity is 10.92. Indraprastha Gas' value of 11.86% is 8.6% above this benchmark. Historically, Indraprastha Gas' own Return-on-Tangible-Equity has ranged from 13.97 to 25.93 over the past decade. While the company's 10-year median is 21.44 vs. the industry median of 10.92, Indraprastha Gas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Utilities - Regulated company?
The median Return-on-Tangible-Equity among Utilities - Regulated companies is 10.92, based on 497 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indraprastha Gas's current Return-on-Tangible-Equity of 11.86% is 8.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Indraprastha Gas and its competitors. For the Utilities - Regulated industry, the median Return-on-Tangible-Equity is 10.92 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indraprastha Gas's current Return-on-Tangible-Equity is 11.86%, which is 45% below median its own 10-year median of 21.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indraprastha Gas stock overvalued right now?
Based on GuruFocus' analysis, Indraprastha Gas (NSE:IGL) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹238.54, compared to a current price of ₹154.00 — trading 35.4% below its estimated fair value. The current Return-on-Tangible-Equity is 11.86%, which is 45% below median its 10-year median of 21.44 and 8.6% above the Utilities - Regulated industry median of 10.92. Indraprastha Gas' overall GF Score™ is 99/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Indraprastha Gas (NSE:IGL), the current Return-on-Tangible-Equity is 11.86% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Indraprastha Gas (NSE:IGL) Overvalued in 2026?
Based on GuruFocus' analysis, Indraprastha Gas stock appears to be undervalued.
The current stock price of ₹154.00 is trading 35.4% below its estimated GF Value™ of ₹238.54.
GuruFocus considers Indraprastha Gas to be Significantly Undervalued.
Key valuation signals for NSE:IGL:
Return-on-Tangible-Equity: 11.86% (45% below median its 10-year median of 21.44)
GF Value™: ₹238.54 vs. price of ₹154.00 (35.4% below fair value)
Industry Position: 8.6% above the Utilities - Regulated median (#189 of 497)
No single metric tells the full story. See the NSE:IGL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Indraprastha Gas Ltd is an Indian utility company engaged in the business of city gas distribution. It operates in a single segment of the natural gas business, and its products include the Compressed Natural Gas Business provides a fossil fuel substitute for other auto fuels such as petrol, diesel, LPG, etc, and the Piped Natural Gas Business is mainly methane-CH4 with a small percentage of other higher hydrocarbons. The group generates the majority of its revenue from the Compressed Natural Gas Business.
99GF Score
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