Indraprastha Gas (NSE:IGL) ROCE %: 14.89% (As of Mar. 2026)


NSE:IGL Indraprastha Gas Ltd NSE:IGL
97 GF Score
Price ₹170.38
GF Value ₹235.12
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Indraprastha Gas ROCE %?

Indraprastha Gas NSE:IGL +1.45% 97 ROCE % is 14.89% as of Mar. 2026. GuruFocus rates NSE:IGL with a GF Score™ of 97/100 and a GF Value™ of ₹235.12 (Modestly Undervalued). The stock has 4 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Indraprastha Gas's annualized ROCE % for the quarter that ended in Mar. 2026 was 14.89%.

Indraprastha Gas  (NSE:IGL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Indraprastha Gas ROCE % Related Terms

Indraprastha Gas ROCE % Historical Data

* Premium members only.

The historical data trend for Indraprastha Gas's ROCE % 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.

Indraprastha Gas ROCE % Chart

Indraprastha Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.73 26.01 27.52 20.49 17.05

Indraprastha Gas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.35 19.54 16.49 17.01 14.89
NSE:IGL
97GF Score
Indraprastha Gas Ltd NSE:IGL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Indraprastha Gas ROCE % Calculation

Indraprastha Gas's annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=20006.1/( ( (155813.6 - 43140.7) + (170283.6 - 48234.4) )/ 2 )
=20006.1/( (112672.9+122049.2)/ 2 )
=20006.1/117361.05
=17.05 %

Indraprastha Gas's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=18174.4/( ( (0 - 0) + (170283.6 - 48234.4) )/ 1 )
=18174.4/( ( 0 + 122049.2 )/ 1 )
=18174.4/122049.2
=14.89 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 14.89% mean?
Indraprastha Gas (NSE:IGL) has a ROCE % of 14.89% as of Mar. 2026.
Is Indraprastha Gas' ROCE % too high?
Indraprastha Gas' current ROCE % is 14.89%. The Utilities - Regulated industry median ROCE % is 6.91. Indraprastha Gas' value of 14.89% is 115.5% above this industry median. Overall, Indraprastha Gas has a GF Score™ of 97/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indraprastha Gas' ROCE % compare to ATO and NI?
Indraprastha Gas' ROCE % of 14.89% can be compared against companies in the Utilities - Regulated industry. The industry median ROCE % is 6.91. Indraprastha Gas' value of 14.89% is 115.5% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Utilities - Regulated company?
The median ROCE % among Utilities - Regulated companies is 6.91, based on 504 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indraprastha Gas's current ROCE % of 14.89% is 115.5% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Utilities - Regulated industry, the median ROCE % is 6.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indraprastha Gas's current ROCE % is 14.89%. 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 Modestly Undervalued. The stock's GF Value™ is ₹235.12, compared to a current price of ₹170.38 — trading 27.5% below its estimated fair value. The current ROCE % is 14.89% and 115.5% above the Utilities - Regulated industry median of 6.91. Indraprastha Gas' overall GF Score™ is 97/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Indraprastha Gas (NSE:IGL), the current ROCE % is 14.89% 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 ₹170.38 is trading 27.5% below its estimated GF Value™ of ₹235.12. GuruFocus considers Indraprastha Gas to be Modestly Undervalued.

Key valuation signals for NSE:IGL:

  • ROCE %: 14.89%
  • GF Value™: ₹235.12 vs. price of ₹170.38 (27.5% below fair value)
  • GF Score™: 97/100 with 4 warning signs
  • Industry Position: 115.5% above the Utilities - Regulated median

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 Business Description

Other Exchanges 532514:India
Address IGL Bhawan, Plot Number 4, Community Centre, Sector-9, R K Puram, New Delhi, IND, 110022
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.
97GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹170.38
Price
₹235.12
GF Value