Company	Price	Valuation					Profitability					Cash & leverage					Quality				Rating
		P/E	P/B	P/S	EV / EBITDA	DCF upside	Gross margin	Operating margin	Net margin	ROE	ROIC	FCF yield	Debt / equity	Net debt / EBITDA	Interest coverage	Current ratio	Dividend yield	Piotroski (0-9)	Altman Z	Rating score (1-5)
IGL.NSthis companyIndraprastha Gas Limited	₹143.36	13.15×	1.77×	1.26×	6.97×	-21.9%	18.6%	8.2%	9.6%	13.5%	8.4%	4.6%	0.01×	-1.12×	85.88×	1.16×	3.3%	5	2.9	4	A-
ATGL.NSAdani Total Gas Limited	₹574.95	85.56×	11.53×	9.52×	46.6×	-122.6%	26.6%	16.1%	11.1%	13.5%	8.8%	-0.0%	0.59×	1.87×	7.35×	0.64×	0.0%	4	8.35	3	B
GAIL.NSGAIL (India) Limited	₹188.00	11.94×	1.02×	0.64×	7.88×	-40.7%	17.1%	5.4%	5.4%	8.5%	4.8%	2.7%	0.28×	1.64×	7.96×	0.85×	4.4%	6	2.61	5	S-
GUJENERGY.NSGujarat Energy Ltd	₹227.49	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
IRMENERGY.NSIRM Energy Limited	₹262.70	13.92×	0.74×	0.69×	5.09×	-169.3%	19.2%	6.4%	5.0%	5.3%	4.3%	-4.3%	0.07×	-1.51×	4.6×	1.83×	0.8%	6	3.12	4	A
MGL.NSMahanagar Gas Limited	₹1,122.80	10.89×	1.43×	1.11×	5.92×	-34.1%	24.6%	12.7%	10.2%	13.1%	10.9%	1.1%	0.03×	0.07×	50.06×	0.94×	3.2%	5	—	3	B-
Peer median	—	12.93×	1.22×	0.9×	6.9×	-81.7%	21.9%	9.5%	7.8%	10.8%	6.8%	0.6%	0.18×	0.86×	7.66×	0.89×	2.0%	6	3.12	4	—