Indraprastha Gas's intrinsic value using Intellectual Capital analysis

Indraprastha Gas

BSE : 532514

|

NSE : IGL

Industry : Utilities - Gas

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ISIN : INE203G01027

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FreeFloat : 50.00%

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FnO : Yes

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LotSize : 1375

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Intellectual Capital (IC)	6,237.01
Net Worth (NW)	5,587.14
Intrinsic Worth (IW)	11,824.15
Market Cap (MC)	35,164.54
Economic Value Added	190.87

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	52.75%
IC Gross Margin (EBITDA/IC)	28.46%
IC Net Margin (NPT/IC)	19.07%
Knowledge Turnover (Sales/IC)	0.96
Market to Intrinsic Value (MC/IW)	2.97

As Of	Intrinsic Value	Market Price
31 Dec 2020	Rs. 168.92	Rs. 502.35
12 May 2021	-	Rs. 517.25

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : Yes	Buy	10 DMA : Rs. 512.11	Reduce	Buy on Dips
KB > 50% : Yes		50 DMA : Rs. 511.90
0 < M2IV < 1 : No		Vol-Price trend : Falling

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Mar-18
S
1356.68
1383.41
318.10
271.06
270.45
174.72
175.33

Jun-18
S
1422.35
1448.59
321.29
274.03
273.47
175.89
175.84

Sep-18
S
1568.73
1601.90
341.18
290.88
290.32
187.28
187.23

Dec-18
S
1664.83
1705.13
358.16
306.88
305.97
197.99
197.94

Mar-19
S
1701.09
1752.40
382.51
330.27
330.25
225.50
224.72

Jun-19
S
1744.07
1779.47
393.86
333.39
331.76
218.36
218.10

Sep-19
S
1872.83
1911.79
431.60
369.46
367.65
380.98
380.72

Dec-19
S
1837.39
1888.15
442.56
378.43
376.42
283.85
283.59

Mar-20
S
1711.20
1742.46
408.00
342.49
339.82
253.35
252.63

Jun-20
S
692.53
723.16
114.07
45.90
43.53
31.84
31.43

Sep-20
S
1440.74
1506.45
472.83
401.72
399.43
307.94
307.94

Dec-20
S
1595.09
1621.00
573.54
498.55
495.50
381.83
381.83

* C - Consolidated, S - Standalone