I G Petrochemicals Ltd

I G Petrochemicals Ltd

₹ 510 -0.29%
22 Apr 11:50 a.m.
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 Leadership

<h1>Largest producer of Phthalic Anhydride in India dominating with a market size of more than 50% and is the lowest cost producer. [1]</h1> <h1>2nd largest PAN manufacturer in the world. [2]</h1>
  • Market Cap 1,569 Cr.
  • Current Price 510
  • High / Low 590 / 402
  • Stock P/E 22.8
  • Book Value 404
  • Dividend Yield 1.97 %
  • ROCE 21.8 %
  • ROE 17.2 %
  • Face Value 10.0

Pros

  • Company's working capital requirements have reduced from 23.4 days to 15.7 days

Cons

* 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

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
315 424 387 471 507 517 660 569 518 605 555 502 488
218 280 304 374 395 404 540 484 469 541 496 476 494
Operating Profit 96 145 84 97 112 113 120 85 49 64 59 26 -6
OPM % 31% 34% 22% 21% 22% 22% 18% 15% 9% 10% 11% 5% -1%
1 2 2 3 3 2 4 6 6 6 7 7 7
Interest 5 1 5 2 3 4 4 5 9 7 6 7 8
Depreciation 8 10 11 11 11 12 12 12 12 12 12 13 12
Profit before tax 85 135 70 88 101 100 109 75 34 51 48 14 -20
Tax % 25% 25% 25% 25% 25% 26% 25% 26% 26% 25% 26% 28% 24%
63 100 52 66 75 74 81 55 25 38 36 10 -15
EPS in Rs 20.53 32.62 16.96 21.35 24.39 23.91 26.40 17.98 8.26 12.41 11.58 3.27 -4.95
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
886 970 1,204 1,187 953 1,037 1,144 1,304 1,059 1,124 1,883 2,352 2,150
843 914 1,144 1,106 839 869 877 1,078 987 825 1,476 2,034 2,007
Operating Profit 43 57 61 80 113 168 267 226 72 299 407 318 143
OPM % 5% 6% 5% 7% 12% 16% 23% 17% 7% 27% 22% 14% 7%
3 -22 -8 -14 4 3 4 -2 6 4 9 22 27
Interest 15 17 30 38 23 18 15 11 16 15 13 24 27
Depreciation 15 14 18 16 18 21 26 26 30 34 44 47 50
Profit before tax 17 4 4 11 77 132 231 186 32 254 359 269 93
Tax % 20% 21% 20% 21% 21% 23% 37% 37% 34% 25% 26% 25%
13 3 3 9 60 102 147 116 21 190 267 200 69
EPS in Rs 4.32 1.00 1.02 2.89 19.60 33.10 47.59 37.82 6.83 61.54 86.61 65.05 22.31
Dividend Payout % -0% -0% -0% 35% 10% 9% 8% 11% 29% 12% 12% 15%
Compounded Sales Growth
10 Years: 9%
5 Years: 16%
3 Years: 30%
TTM: -5%
Compounded Profit Growth
10 Years: 23%
5 Years: 6%
3 Years: 115%
TTM: -71%
Stock Price CAGR
10 Years: 34%
5 Years: 12%
3 Years: 4%
1 Year: 8%
Return on Equity
10 Years: 21%
5 Years: 20%
3 Years: 23%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 31 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 228 227 226 208 261 362 497 598 603 787 1,030 1,200 1,215
16 172 209 153 116 82 54 161 197 129 137 217 337
183 192 298 212 171 184 245 323 299 337 416 501 474
Total Liabilities 458 622 764 604 579 659 827 1,113 1,130 1,284 1,614 1,949 2,057
216 172 376 327 322 324 403 389 471 702 736 717 703
CWIP 18 172 1 1 4 11 26 216 267 41 18 232 296
Investments 0 0 0 0 0 19 90 113 55 58 123 269 283
223 279 387 276 252 305 308 395 336 483 737 731 774
Total Assets 458 622 764 604 579 659 827 1,113 1,130 1,284 1,614 1,949 2,057

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
32 29 28 74 70 95 198 147 84 145 109 234
-18 -134 -36 -24 -6 -43 -129 -234 -99 -52 -98 -249
8 109 1 -61 -64 -50 -67 58 35 -80 -19 21
Net Cash Flow 22 5 -6 -10 -1 2 2 -30 20 12 -8 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 43 47 53 45 42 53 44 51 49 65 67 50
Inventory Days 28 36 49 32 45 47 47 52 42 81 45 34
Days Payable 67 81 100 72 77 83 75 92 89 124 87 76
Cash Conversion Cycle 3 2 2 5 10 17 16 11 3 21 25 8
Working Capital Days 13 13 9 1 8 21 19 20 3 20 34 16
ROCE % 12% 14% 12% 16% 25% 34% 46% 30% 6% 30% 35% 22%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.74% 68.74% 68.74% 68.74% 68.74% 68.73% 68.73% 68.73% 68.73% 68.73% 68.74% 68.74%
2.37% 2.98% 3.02% 3.22% 3.44% 3.45% 3.56% 3.71% 3.81% 3.74% 3.42% 3.00%
2.64% 1.98% 1.87% 1.86% 1.97% 2.05% 2.03% 1.95% 1.69% 1.80% 1.79% 1.79%
26.25% 26.30% 26.38% 26.18% 25.86% 25.75% 25.69% 25.61% 25.78% 25.74% 26.05% 26.47%
No. of Shareholders 39,05937,04538,62336,76536,18338,02637,01036,50136,62537,08637,39837,726

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls