An Examination Of Indraprastha Gas Limited (NSE:IGL)
I've been keeping an eye on Indraprastha Gas Limited (NSE:IGL) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe IGL has a lot to offer. Basically, it is a dependable dividend payer that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Indraprastha Gas here.
Flawless balance sheet established dividend payer
IGL is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that IGL has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. Looking at IGL's capital structure, the company has no debt on its balance sheet. It has only utilized funding from its equity capital to run the business, which is rather impressive for a ₹218b market cap company. IGL has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future.
For those seeking income streams from their portfolio, IGL is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 0.8%.
Next Steps:
For Indraprastha Gas, I've put together three relevant factors you should look at:
Future Outlook: What are well-informed industry analysts predicting for IGL’s future growth? Take a look at our free research report of analyst consensus for IGL’s outlook.
Historical Performance: What has IGL's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of IGL? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
