I G Petrochemicals Ltd

I G Petrochems Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

I G Petrochemicals Ltd

₹ 407 -1.50%
04 Nov 10:14 a.m.
igpetro.com BSE: 500199 NSE: IGPL
About

I G Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc. [1]

Key Points

Product Portfolio[1]
a) Phthalic Anhydride (PAN): A white crystalline solid that liquefies when heated. It's used in plasticizers, unsaturated polyester resins, alkyd resins, paints, and CPC pigments.
b) Maleic Anhydride (MAN): A by-product of PAN production, used as an organic intermediate in various industrial chemical applications.
c) Benzoic Acid: Recovered from wash water during PAN production; finds applications in pharmaceuticals, perfumes, and other industrial uses.
d) Di-Ethyl Phthalate (DEP): A PAN derivative used in personal care products, incense sticks, cosmetics, and toiletries.

Website BSE NSE
  • Market Cap ₹ 1,254 Cr.
  • Current Price ₹ 407
  • High / Low ₹ 660 / 361
  • Stock P/E 18.2
  • Book Value ₹ 431
  • Dividend Yield 2.48 %
  • ROCE 11.4 %
  • ROE 8.53 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Stock is trading at 0.96 times its book value
  • Company has been maintaining a healthy dividend payout of 33.6%

Cons

  • Company has a low return on equity of 9.41% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Commodities Chemicals Chemicals & Petrochemicals Commodity Chemicals

Part of BSE SmallCap BSE Allcap BSE Commodities

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
659.93 569.12 518.31 604.98 555.29 501.75 488.05 553.98 585.14 582.96 558.05 480.08 470.05
540.15 483.71 469.32 541.44 496.10 475.82 493.93 527.87 523.34 518.66 512.35 431.23 467.85
Operating Profit 119.78 85.41 48.99 63.54 59.19 25.93 -5.88 26.11 61.80 64.30 45.70 48.85 2.20
OPM % 18.15% 15.01% 9.45% 10.50% 10.66% 5.17% -1.20% 4.71% 10.56% 11.03% 8.19% 10.18% 0.47%
4.45 5.66 6.15 5.97 7.37 7.33 6.61 9.47 9.62 4.51 8.65 4.96 10.85
Interest 3.63 4.67 9.11 6.51 6.12 6.62 8.19 9.48 9.45 16.09 2.55 10.71 8.23
Depreciation 11.91 11.60 11.67 12.24 12.24 12.68 12.50 14.69 16.22 16.29 16.38 16.36 15.63
Profit before tax 108.69 74.80 34.36 50.76 48.20 13.96 -19.96 11.41 45.75 36.43 35.42 26.74 -10.81
Tax % 25.19% 25.96% 25.99% 24.72% 26.02% 27.79% -23.70% 19.37% 22.54% 22.29% 21.65% 21.58% -24.05%
81.31 55.38 25.43 38.22 35.66 10.08 -15.24 9.21 35.43 28.31 27.75 20.98 -8.21
EPS in Rs 26.40 17.98 8.26 12.41 11.58 3.27 -4.95 2.99 11.51 9.19 9.01 6.81 -2.67
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,204 1,187 953 1,037 1,144 1,304 1,059 1,124 1,883 2,352 2,099 2,206 2,091
1,144 1,106 839 869 877 1,078 987 825 1,476 2,034 1,994 1,984 1,930
Operating Profit 61 80 113 168 267 226 72 299 407 318 105 223 161
OPM % 5% 7% 12% 16% 23% 17% 7% 27% 22% 14% 5% 10% 8%
-8 -14 4 3 4 -2 6 4 9 22 31 26 29
Interest 30 38 23 18 15 11 16 15 13 24 30 39 38
Depreciation 18 16 18 21 26 26 30 34 44 47 52 65 65
Profit before tax 4 11 77 132 231 186 32 254 359 269 54 144 88
Tax % 20% 21% 21% 23% 37% 37% 34% 25% 26% 25% 26% 22%
3 9 60 102 147 116 21 190 267 200 40 112 69
EPS in Rs 1.02 2.89 19.60 33.10 47.59 37.82 6.83 61.54 86.61 65.05 12.89 36.52 22.34
Dividend Payout % 0% 35% 10% 9% 8% 11% 29% 12% 12% 15% 58% 27%
Compounded Sales Growth
10 Years: 6%
5 Years: 16%
3 Years: 5%
TTM: -2%
Compounded Profit Growth
10 Years: 14%
5 Years: 41%
3 Years: -26%
TTM: 74%
Stock Price CAGR
10 Years: 15%
5 Years: 8%
3 Years: -7%
1 Year: -27%
Return on Equity
10 Years: 16%
5 Years: 15%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 226 208 261 362 497 598 603 787 1,030 1,200 1,209 1,297
209 153 116 82 54 161 197 129 137 217 337 238
298 212 171 184 245 323 299 337 416 501 517 602
Total Liabilities 764 604 579 659 827 1,113 1,130 1,284 1,614 1,949 2,094 2,168
376 327 322 324 403 389 471 702 736 717 1,030 1,016
CWIP 1 1 4 11 26 216 267 41 18 232 3 41
Investments 0 0 0 19 90 113 55 58 123 269 252 242
387 276 252 305 308 395 336 483 737 731 809 868
Total Assets 764 604 579 659 827 1,113 1,130 1,284 1,614 1,949 2,094 2,168

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
28 74 70 95 198 147 84 145 109 234 37 265
-36 -24 -6 -43 -129 -234 -99 -52 -98 -249 -115 -88
1 -61 -64 -50 -67 58 35 -80 -19 21 48 -136
Net Cash Flow -6 -10 -1 2 2 -30 20 12 -8 5 -30 41

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 53 45 42 53 44 51 49 65 67 50 59 47
Inventory Days 49 32 45 47 47 52 42 81 45 34 42 64
Days Payable 100 72 77 83 75 92 89 124 87 76 79 98
Cash Conversion Cycle 2 5 10 17 16 11 3 21 25 8 21 13
Working Capital Days -4 -6 8 20 19 11 1 20 30 9 8 12
ROCE % 12% 16% 25% 34% 46% 30% 6% 30% 35% 22% 5% 11%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
68.73% 68.73% 68.73% 68.73% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74% 68.74%
3.56% 3.71% 3.81% 3.74% 3.42% 3.00% 2.50% 2.73% 2.79% 3.09% 3.12% 2.96%
2.03% 1.95% 1.69% 1.80% 1.79% 1.79% 2.16% 2.70% 2.64% 1.44% 0.96% 0.96%
25.69% 25.61% 25.78% 25.74% 26.05% 26.47% 26.61% 25.84% 25.82% 26.73% 27.19% 27.35%
No. of Shareholders 37,01036,50136,62537,08637,39837,72636,04534,80933,61933,90134,73535,425

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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