Technology

Indraprastha Gas Limited (IGL), processes and distributes CNG and LPG. It has reported a topline growth of 8.1% CAGR and bottomline of 15.5% CAGR over FY2015-19.IGL’s return on capital employed (ROCE) is 31.7% for FY19, pays an average dividend of 20% and is available at 6.3x of book value. Hence Buy.

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