CMP: 415

Indraprastha Gas Limited processes and distributes compressed natural gas and liquefied petroleum gas. The Company has been jointly promoted by Bharat Petroleum Corporation and Gas Authority of India.

In turbulent times like these, Investors should go for safe, fundamentally sound and solid growth stocks. Indraprastha Gas is one such stocks. Its currently trading at a P/E of little over 20. Decent dividend yields of over 1% in the last 12 months with minimal liabilities. Revenue growth from 520 Crores to 1750 Crores in the last 5 years. Profits have come up from 106 Crores to 260 Crores in the same period. Recent quarter results have been on the growth track. Good NPM levels at 15%. Buy with long term hold prospects.