I G Petrochemicals Ltd
₹ 433
-2.64%
26 May
- close price
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
- Market Cap ₹ 1,334 Cr.
- Current Price ₹ 433
- High / Low ₹ 520 / 315
- Stock P/E 57.6
- Book Value ₹ 429
- Dividend Yield 2.31 %
- ROCE 4.35 %
- ROE 1.75 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.01 times its book value
- Company has been maintaining a healthy dividend payout of 50.7%
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.4% over past five years.
- Company has a low return on equity of 4.43% 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
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,187 | 953 | 1,037 | 1,144 | 1,304 | 1,059 | 1,124 | 1,883 | 2,352 | 2,099 | 2,206 | 1,925 | |
| 1,106 | 839 | 869 | 877 | 1,078 | 987 | 825 | 1,476 | 2,034 | 1,994 | 1,984 | 1,823 | |
| Operating Profit | 80 | 113 | 168 | 267 | 226 | 72 | 299 | 407 | 318 | 105 | 223 | 102 |
| OPM % | 7% | 12% | 16% | 23% | 17% | 7% | 27% | 22% | 14% | 5% | 10% | 5% |
| -14 | 4 | 3 | 4 | -2 | 6 | 4 | 9 | 22 | 31 | 26 | 29 | |
| Interest | 38 | 23 | 18 | 15 | 11 | 16 | 15 | 13 | 24 | 30 | 39 | 38 |
| Depreciation | 16 | 18 | 21 | 26 | 26 | 30 | 34 | 44 | 47 | 52 | 65 | 62 |
| Profit before tax | 11 | 77 | 132 | 231 | 186 | 32 | 254 | 359 | 269 | 54 | 144 | 31 |
| Tax % | 21% | 21% | 23% | 37% | 37% | 34% | 25% | 26% | 25% | 26% | 22% | 26% |
| 9 | 60 | 102 | 147 | 116 | 21 | 190 | 267 | 200 | 40 | 112 | 23 | |
| EPS in Rs | 2.89 | 19.60 | 33.10 | 47.59 | 37.82 | 6.83 | 61.54 | 86.61 | 65.05 | 12.89 | 36.52 | 7.52 |
| Dividend Payout % | 35% | 10% | 9% | 8% | 11% | 29% | 12% | 12% | 15% | 58% | 27% | 66% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 11% |
| 3 Years: | -6% |
| TTM: | -13% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -34% |
| 3 Years: | -51% |
| TTM: | -79% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | -5% |
| 3 Years: | -2% |
| 1 Year: | -8% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 11% |
| 3 Years: | 4% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 208 | 261 | 362 | 497 | 598 | 603 | 787 | 1,030 | 1,200 | 1,209 | 1,297 | 1,290 |
| 153 | 116 | 82 | 54 | 161 | 197 | 129 | 137 | 217 | 337 | 238 | 284 | |
| 212 | 171 | 184 | 245 | 323 | 299 | 337 | 416 | 501 | 517 | 602 | 605 | |
| Total Liabilities | 604 | 579 | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 | 2,168 | 2,210 |
| 327 | 322 | 324 | 403 | 389 | 471 | 702 | 736 | 717 | 1,030 | 1,016 | 959 | |
| CWIP | 1 | 4 | 11 | 26 | 216 | 267 | 41 | 18 | 232 | 3 | 41 | 173 |
| Investments | 0 | 0 | 19 | 90 | 113 | 55 | 58 | 123 | 269 | 252 | 242 | 196 |
| 276 | 252 | 305 | 308 | 395 | 336 | 483 | 737 | 731 | 809 | 868 | 882 | |
| Total Assets | 604 | 579 | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 | 2,168 | 2,210 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 74 | 70 | 95 | 198 | 147 | 84 | 145 | 155 | 234 | 37 | 265 | 102 | |
| -24 | -6 | -43 | -129 | -234 | -99 | -52 | -150 | -249 | -115 | -88 | -71 | |
| -61 | -64 | -50 | -67 | 58 | 35 | -80 | -14 | 21 | 48 | -136 | -96 | |
| Net Cash Flow | -10 | -1 | 2 | 2 | -30 | 20 | 12 | -8 | 5 | -30 | 41 | -65 |
| Free Cash Flow | 47 | 60 | 67 | 137 | -61 | -78 | 93 | 66 | 5 | -103 | 162 | -45 |
| CFO/OP | 94% | 76% | 74% | 94% | 87% | 127% | 69% | 58% | 93% | 43% | 126% | 106% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 42 | 53 | 44 | 51 | 49 | 65 | 67 | 50 | 59 | 47 | 66 |
| Inventory Days | 32 | 45 | 47 | 47 | 52 | 42 | 81 | 45 | 34 | 42 | 64 | 50 |
| Days Payable | 72 | 77 | 83 | 75 | 92 | 89 | 124 | 87 | 76 | 79 | 98 | 94 |
| Cash Conversion Cycle | 5 | 10 | 17 | 16 | 11 | 3 | 21 | 25 | 8 | 21 | 13 | 23 |
| Working Capital Days | -6 | 8 | 20 | 19 | 11 | 1 | 20 | 30 | 9 | 8 | 12 | 28 |
| ROCE % | 16% | 25% | 34% | 46% | 30% | 6% | 30% | 35% | 22% | 5% | 11% | 4% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Installed Capacity - Phthalic Anhydride (PAN) TPA |
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| Raw Material Consumption (Cost of Goods Sold) Rs. Crores |
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| Installed Capacity - Maleic Anhydride (MAN) TPA |
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| Sales Volume - Phthalic Anhydride (PAN) Metric Tonnes |
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| Customer Base Number |
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| Domestic Market Share (PAN) % |
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| Non-PAN Business Contribution % |
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| Non-PAN Business Contribution Rs. Crores |
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| Product Spread (PAN - Orthoxylene) USD/MT |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
21 May - Audio recording of earnings call for Q4 and FY ended 31 March 2026 available on company website.
- Announcement under Regulation 30 (LODR)-Investor Presentation 21 May
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 May - We enclosed herewith copies of newspaper advertisement published today in Business Standard and Navprabha in respect of the audited financial results for the quarter and …
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Announcement under Regulation 30 (LODR)-Change in Management
18 May - Shri Sagar Jadhav reappointed Executive Director from 1 July 2026; CHRO resigned and Pramod Sanap appointed.
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Announcement under Regulation 30 (LODR)-Change in Directorate
18 May - Board reappointed Sagar Jadhav as Executive Director from 1 July 2026; Rajkumar VP resigned; Pramod Sanap appointed CHRO.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Nov 2021TranscriptAI SummaryPPT
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Aug 2021TranscriptAI SummaryPPT
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May 2021TranscriptAI SummaryPPT
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Feb 2021TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Nov 2017TranscriptAI SummaryPPT
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Jul 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Oct 2015TranscriptAI SummaryPPT
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Jul 2015TranscriptAI SummaryPPT
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.