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

₹ 521 -0.62%
25 Apr - close price
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

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>
Website BSE NSE
  • Market Cap ₹ 1,606 Cr.
  • Current Price ₹ 521
  • High / Low ₹ 590 / 402
  • Stock P/E 23.4
  • Book Value ₹ 406
  • Dividend Yield 1.92 %
  • ROCE 21.2 %
  • ROE 17.2 %
  • Face Value ₹ 10.0
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Pros

  • Company's working capital requirements have reduced from 23.3 days to 15.5 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

Consolidated Figures in Rs. Crores / View Standalone

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% 11% 11% 5% -1%
1 1 1 2 2 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 84 134 69 87 100 100 108 75 34 51 48 14 -20
Tax % 25% 25% 25% 25% 26% 26% 25% 26% 26% 25% 26% 28% 24%
63 100 51 65 74 74 81 55 25 38 36 10 -15
EPS in Rs 20.42 32.42 16.72 21.12 24.15 23.91 26.31 17.98 8.28 12.39 11.57 3.27 -4.95
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
953 1,037 1,144 1,304 1,059 1,124 1,883 2,352 2,150
840 869 877 1,078 987 825 1,476 2,035 2,007
Operating Profit 113 168 267 226 72 299 407 318 143
OPM % 12% 16% 23% 17% 7% 27% 22% 14% 7%
4 3 4 -1 6 3 6 22 27
Interest 23 18 15 12 16 15 13 24 27
Depreciation 18 21 26 26 30 34 44 47 50
Profit before tax 77 132 230 187 32 253 356 268 93
Tax % 21% 23% 37% 37% 35% 26% 26% 25%
60 102 146 117 21 188 264 200 69
EPS in Rs 19.55 32.98 47.42 37.94 6.78 61.08 85.89 64.95 22.28
Dividend Payout % 10% 0% 8% 11% 30% 12% 12% 15%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 30%
TTM: -5%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: 115%
TTM: -71%
Stock Price CAGR
10 Years: 35%
5 Years: 12%
3 Years: 3%
1 Year: 8%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 23%
Last Year: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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
Reserves 261 361 497 598 602 791 1,031 1,204 1,218
116 82 87 194 230 165 173 254 374
171 184 245 323 299 337 416 503 474
Total Liabilities 578 658 860 1,146 1,161 1,324 1,651 1,992 2,097
322 324 403 389 471 702 736 717 703
CWIP 4 11 89 283 339 132 118 349 426
Investments 0 17 60 70 12 16 81 182 175
252 306 308 404 339 475 716 745 792
Total Assets 578 658 860 1,146 1,161 1,324 1,651 1,992 2,097

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
69 94 201 139 84 183 109 233
-6 -42 -164 -216 -104 -72 -106 -255
-64 -50 -35 58 35 -80 -19 21
Net Cash Flow -1 2 2 -19 15 30 -15 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 42 53 44 51 49 65 67 50
Inventory Days 45 47 47 52 42 81 45 34
Days Payable 77 83 75 92 89 124 87 76
Cash Conversion Cycle 10 17 16 11 3 21 25 8
Working Capital Days 8 21 19 20 3 20 34 15
ROCE % 34% 45% 29% 5% 29% 33% 21%

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.

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