I G Petrochemicals Ltd

IG Petrochemicals is engaged in a Indias largest manufacturer of Phthalic Anhydride (PA).(Source : 201903 Annual Report Page No: 02)

Pros:
Stock is trading at 0.93 times its book value
Company has a good return on equity (ROE) track record: 3 Years ROE 26.77%
Cons:
Promoter's stake has decreased

Peer Comparison Sector: Chemicals // Industry: Chemicals

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Mar 2019 Jun 2019
351 313 248
266 277 224
Operating Profit 85 37 24
OPM % 24% 12% 10%
Other Income -7 2 2
Interest 3 2 4
Depreciation 6 7 8
Profit before tax 68 29 14
Tax % 40% 38% 36%
Net Profit 41 18 9
EPS in Rs 13.19 5.87 2.94
Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
953 1,037 1,144 1,304
840 869 877 1,078
Operating Profit 113 168 267 226
OPM % 12% 16% 23% 17%
Other Income 4 3 4 -0
Interest 23 18 15 12
Depreciation 18 21 26 26
Profit before tax 77 132 230 187
Tax % 21% 23% 37% 37%
Net Profit 60 102 146 117
EPS in Rs 19.14 32.98 47.42 37.94
Dividend Payout % 10% 0% 8% 11%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:11.02%
TTM:13.94%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:26.52%
TTM:-16.45%
Return on Equity
10 Years:%
5 Years:%
3 Years:26.77%
Last Year:21.07%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
31 31 31 31
Reserves 261 361 497 598
Borrowings 116 82 87 200
171 222 254 326
Total Liabilities 578 695 869 1,155
322 324 403 389
CWIP 4 11 89 283
Investments 0 17 60 70
252 344 317 413
Total Assets 578 695 869 1,155

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
69 94 201 139
-6 -42 -164 -216
-64 -50 -35 58
Net Cash Flow -1 2 2 -19

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 34% 45% 29%
Debtor Days 42 53 44 51
Inventory Turnover 11.15 11.98 11.65