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IG Petrochem. Overview

I G Petrochemicals Ltd is engaged inside the manufacture of Phthalic Anhydride (PAN). The Company is engaged in the manufacture and sale of organic chemical substances. PAN is utilized in industries, consisting of flexible poly vinyl chloride (PVC), plastics, paints, construction, transportation and marine. PAN is used within the manufacturing of plasticizers, polyester resins and other makes use of within the production of alkyd resins. It is by and large used within the manufacture of various consumer care, personal care and domestic care mer...Read More

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IG Petrochem. Key Financials

Market Cap ₹1043 Cr.

Stock P/E 9.6

P/B 0.8

Current Price ₹338.8

Book Value ₹ 420.6

Face Value 10

52W High ₹519

Dividend Yield 2.95%

52W Low ₹ 317.8

IG Petrochem. Share Price

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Volume
Price

IG Petrochem. Quarterly Price

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IG Petrochem. Peer Comparison

IG Petrochem. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 502 488 554 585 583 558 480 470 465 465
Other Income 7 7 9 9 4 8 5 10 6 5
Total Income 509 495 563 594 587 566 485 480 471 471
Total Expenditure 476 494 528 523 520 511 433 471 445 457
Operating Profit 33 1 35 71 67 55 52 9 26 14
Interest 7 8 9 9 16 3 11 9 11 10
Depreciation 13 13 15 16 16 16 16 16 16 16
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 14 -20 11 45 34 36 25 -16 -1 -13
Provision for Tax 4 -5 2 10 8 8 6 -3 1 -2
Profit After Tax 10 -15 9 35 26 29 19 -13 -2 -11
Adjustments -0 0 0 0 0 0 -0 0 0 0
Profit After Adjustments 10 -15 9 35 26 29 19 -13 -2 -11
Adjusted Earnings Per Share 3.3 -4.9 2.9 11.4 8.5 9.3 6.2 -4.2 -0.7 -3.5

IG Petrochem. Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 953 1037 1144 1304 1059 1124 1883 2352 2099 2206 1880
Other Income 4 8 4 11 6 6 11 22 31 26 26
Total Income 956 1046 1148 1315 1065 1129 1894 2374 2130 2232 1907
Total Expenditure 840 874 877 1081 987 827 1480 2035 1994 1987 1806
Operating Profit 117 171 271 234 78 302 414 340 136 245 101
Interest 23 18 15 12 16 15 13 24 30 39 41
Depreciation 18 21 26 26 30 34 44 47 52 65 64
Exceptional Income / Expenses 0 0 0 -8 -0 -1 0 0 0 0 0
Profit Before Tax 77 132 230 187 32 253 356 268 53 141 -5
Provision for Tax 16 30 84 70 11 65 92 68 14 32 2
Profit After Tax 60 102 146 117 21 188 265 200 40 109 -7
Adjustments 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 60 102 146 117 21 188 265 200 40 109 -7
Adjusted Earnings Per Share 19.5 33 47.4 37.9 6.8 61.1 85.9 65 12.8 35.3 -2.2

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 5% 5% 16% 0%
Operating Profit CAGR 80% -16% 26% 0%
PAT CAGR 173% -26% 39% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -19% -8% -7% 12%
ROE Average 8% 10% 17% 19%
ROCE Average 11% 13% 20% 24%

IG Petrochem. Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 292 392 528 629 633 822 1062 1235 1247 1339
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 92 60 29 101 147 90 114 169 226 162
Other Non-Current Liabilities 2 4 77 82 87 83 82 94 103 110
Total Current Liabilities 193 203 225 334 294 329 392 494 559 601
Total Liabilities 578 658 860 1146 1161 1324 1651 1992 2135 2211
Fixed Assets 322 324 403 389 471 701 736 717 1030 1016
Other Non-Current Assets 26 44 142 312 364 181 204 464 261 320
Total Current Assets 230 290 315 445 326 442 712 811 844 875
Total Assets 578 658 860 1146 1161 1324 1651 1992 2135 2211

IG Petrochem. Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 18 1 3 5 -14 1 32 16 14 -15
Cash Flow from Operating Activities 69 94 201 139 84 183 109 233 37 261
Cash Flow from Investing Activities -6 -42 -164 -216 -104 -72 -106 -255 -115 -92
Cash Flow from Financing Activities -64 -50 -35 58 35 -80 -19 21 48 -138
Net Cash Inflow / Outflow -1 2 2 -19 15 30 -15 -2 -29 31
Closing Cash & Cash Equivalent 17 3 5 -14 1 32 16 14 -15 16

IG Petrochem. Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 19.54 32.98 47.42 37.94 6.78 61.08 85.89 64.95 12.83 35.3
CEPS(Rs) 25.24 39.84 55.76 46.54 16.49 72.16 100.29 80.35 29.75 56.49
DPS(Rs) 2 3 4 4 2 7.5 10 10 7.5 10
Book NAV/Share(Rs) 94.69 127.15 171.38 204.28 205.46 266.93 344.9 401.01 404.91 434.75
Core EBITDA Margin(%) 10.91 14.36 22.83 17.05 6.77 26.38 21.37 13.51 5.02 9.93
EBIT Margin(%) 9.57 13.22 20.95 15.25 4.52 23.78 19.61 12.42 3.99 8.13
Pre Tax Margin(%) 7.38 11.61 19.67 14.32 3.01 22.49 18.92 11.41 2.54 6.37
PAT Margin (%) 5.8 8.94 12.47 8.96 1.97 16.74 14.05 8.5 1.88 4.93
Cash Profit Margin (%) 7.5 10.8 14.67 10.99 4.8 19.78 16.4 10.52 4.37 7.88
ROA(%) 10.4 16.43 19.24 11.65 1.81 15.14 17.78 10.98 1.91 5
ROE(%) 20.64 29.73 31.77 20.2 3.31 25.86 28.08 17.42 3.18 8.41
ROCE(%) 24.34 34.07 45.07 27.67 5.68 28.91 33.25 21.5 5.42 11.15
Receivable days 38.3 41.55 44.97 45.02 56.23 55.56 52.88 52.08 57.49 51.45
Inventory Days 31.52 29.92 29.77 31.33 38.71 38.81 28.69 24.6 31.7 40.82
Payable days 76.69 78.95 80.42 75.94 95.94 117.81 75.95 68.2 78.74 89.77
PER(x) 5.27 11.38 13.53 7.87 13.66 6.78 8.16 6.33 33.52 12.03
Price/Book(x) 1.09 2.95 3.74 1.46 0.45 1.55 2.03 1.03 1.06 0.98
Dividend Yield(%) 1.94 0.8 0.62 1.34 2.16 1.81 1.43 2.43 1.74 2.36
EV/Net Sales(x) 0.44 1.16 1.78 0.83 0.44 1.22 1.17 0.56 0.72 0.63
EV/Core EBITDA(x) 3.57 7.05 7.53 4.61 5.97 4.52 5.33 3.9 11.08 5.69
Net Sales Growth(%) 0 8.88 10.28 13.94 -18.8 6.14 67.56 24.94 -10.77 5.11
EBIT Growth(%) 0 51.33 63.36 -18.94 -75.92 458.07 38.17 -20.85 -71.32 113.99
PAT Growth(%) 0 68.75 43.78 -19.98 -82.13 800.99 40.61 -24.38 -80.25 175.09
EPS Growth(%) 0 68.75 43.78 -19.98 -82.13 800.99 40.61 -24.38 -80.25 175.09
Debt/Equity(x) 0.4 0.21 0.16 0.31 0.36 0.2 0.16 0.2 0.29 0.2
Current Ratio(x) 1.19 1.43 1.4 1.33 1.11 1.34 1.81 1.64 1.51 1.46
Quick Ratio(x) 0.73 0.95 1.02 0.96 0.78 0.91 1.43 1.31 1.15 0.97
Interest Cover(x) 4.38 8.23 16.42 16.37 3 18.36 28.66 12.22 2.76 4.62
Total Debt/Mcap(x) 0.37 0.07 0.04 0.21 0.81 0.13 0.08 0.2 0.28 0.2

IG Petrochem. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74 68.74
FII 3.73 3.42 3.01 2.5 2.73 2.79 3.1 3.11 2.96 2.88
DII 1.8 1.79 1.79 2.15 2.7 2.64 1.44 0.96 0.96 1.21
Public 25.74 26.06 26.47 26.61 25.84 25.83 26.73 27.19 27.35 27.18
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

IG Petrochem. News

IG Petrochem. Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 39% CAGR over last 5 years
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 78.74 to 89.77days.
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