IGL

CMP ₹200 – ₹220 Market Cap ₹28,000 crore P/E (TTM) 17.4 × P/B 2.7 × Dividend Yield 3.3 % Debt to Equity 0.01 ROE 15 % EPS (TTM) ₹12.2 Strengths Debt-free, strong cash flows. Stable demand from transport + domestic PNG. Regulated business model. Expansion into new cities and solar JV with Rajasthan Govt.