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IG Petrochemicals Ltd (IGPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500199 NSE: IGPL Chemicals | Small Cap | IG Petrochem. Share Price

₹435 -5.40 (-1.23%)

As on 04-Jun'26 16:59

IG Petrochemicals Ltd (IGPL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500199 NSE: IGPL Chemicals | Small Cap | IG Petrochem. Share Price

₹435 -5.40 (-1.23%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,340 Cr.
Current Price
₹435
52-Week Low / High
₹318 / 519
TTM EPS
₹7.5
TTM Sales
₹1,925 Cr.
Book Value per Share
₹428.8
P/E Ratio
57.85
Higher than its 5-year historical median
Industry PE
50.2
Price to Book (P/B)
1.01
Lower than its 5-year historical median
Price to Sales (P/S)
0.70
In line with its 5-year historical median
EV/EBITDA
11.18
Higher than its 5-year historical median
Dividend Yield
2.36%
Profitability Efficiency
Return on Equity (ROE)
8.76%
Underperforms industry median
Return on Capital Employed (ROCE)
11.67%
Underperforms industry median
Return on Assets (ROA)
5.28%
Operating Profit Margin
10.3%
Net Profit Margin
5.1%
Gross Profit Margin
9.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
5.11%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
109.44%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
183.23%
Asset Quality
Promoter Holding
68.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,290 Cr.
Equity
₹30.8 Cr.
Face Value
₹10
All Time Low / High
₹1.90 / 1017.90

IG Petrochemicals stock performance

Key Ratios
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Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is IG Petrochemicals Ltd a good quality company?
IG Petrochemicals Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does IG Petrochemicals Ltd performance compare with that of its Peers?
Q.1 Revenue growth of IG Petrochemicals Ltd vs industry peers?
IG Petrochemicals Ltd revenue CAGR is 15.82%, compared to the industry median CAGR of 7.53%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of IG Petrochemicals Ltd?
Promoters hold 68.74% of the IG Petrochemicals Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of IG Petrochemicals Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 12% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
IG Petrochemicals Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.9%34.1%46.5%28.8%5.9%30.2%34.7%22.2%5.6%11.7%-
Value Creation
Index
0.81.42.31.1-0.61.21.50.6-0.6-0.2-

Growth Parameters

Sales 9531,0371,1441,3041,0591,1241,8832,3522,0992,2061,925
Sales YoY Gr.-8.9%10.3%13.9%-18.8%6.1%67.6%24.9%-10.8%5.1%-
Adj EPS 20.731.948397.261.185.665.112.536.67.5
YoY Gr.-54.7%50.3%-18.9%-81.5%749%40.1%-24%-80.9%194%-
BVPS (₹) 94.7127.5171.5204.2205.9265.7344.6399.6402.5431.1428.8
Adj Net
Profit
63.698.414812022.218826420038.411323
Cash Flow from Ops. 69.595.119814783.914510923437.2265-
Debt/CF from Ops. 1.70.90.31.12.30.91.30.990.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 9.8%15.8%5.4%5.1%
Adj EPS 6.6%38.5%-24.7%194%
BVPS18.3%15.9%7.8%7.1%
Share Price 12.8% -6% -1.9% -10%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
2428.832.120.73.525.928.117.53.18.81.8
Op. Profit
Mgn %
12.415.723.617.17.126.421.413.75.110.35.3
Net Profit
Mgn %
6.79.512.99.22.116.8148.51.85.11.2
Debt to
Equity
0.40.20.10.30.30.20.10.20.30.20.1
Working Cap
Days
878288921151201049210310982
Cash Conv.
Cycle
138131651818221827

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales9531,0371,1441,3041,0591,1241,8832,3522,0992,206
Operating Expenses + 8398748771,0819878271,4802,0351,9941,986
Manufacturing Costs274144545753888994113
Material Costs7347517289138176511,2401,7821,7341,687
Employee Cost 30395662607175828196
Other Costs 49434952535277828589
Operating Profit 11316326722372296402318105221
Operating Profit Margin (%) 11.9%15.7%23.4%17.1%6.8%26.4%21.4%13.5%5.0%10.0%
Other Income + 484117713223128
Exceptional Items 000-10-0-10000
Interest 23181511161513243039
Depreciation 18212626303444475265
Profit Before Tax 771322311863225435926954144
Tax 16308470116592681432
Profit After Tax 601021471162119026720040112
PAT Margin (%) 6.3%9.8%12.8%8.9%2.0%16.9%14.2%8.5%1.9%5.1%
Adjusted EPS (₹)19.633.147.637.86.861.586.665.112.936.5
Dividend Payout Ratio (%)10.20%9.10%8.40%10.60%29.30%12.20%11.60%15.40%58.20%27.40%

Valuation of IG Petrochem. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 2923935286296348181,0611,2311,2391,327
Share Capital 31313131313131313131
Reserves 2613624975986037871,0301,2001,2091,297
Debt +92622913515490121187283172
Long Term Debt92602910114790114169226162
Short Term Debt02033607185710
Minority Interest0000000000
Trade Payables154171150230200221295371377453
Others Liabilities 4033120120142155137161194216
Total Liabilities 5796598271,1131,1301,2841,6141,9492,0942,168

Fixed Assets

Net Fixed Assets +3223244033894717017367171,0301,016
Gross Block7087418458429501,2091,2631,2811,6251,654
Accumulated Depreciation385418442453479507528564595639
CWIP 411262162674118232341
Investments 019901135558123269252242
Inventories90979412995144152165200294
Trade Receivables109150139183143199347325337285
Cash Equivalents 173021253643108178175183
Others Assets 3629545762981316497107
Total Assets 5796598271,1131,1301,2841,6141,9492,0942,168

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 69951981478414510923437265
PBT 771322311863225435926954144
Adjustment 33263634393946535483
Changes in Working Capital -23-34-15-2320-85-217-27-6252
Tax Paid -17-29-54-51-8-63-79-61-8-15
Cash Flow From Investing Activity + -6-43-129-234-99-52-98-249-115-88
Capex -9-28-61-208-162-51-89-229-140-103
Net Investments -0-18-70-2861-3-12-283924
Others 33223338-14-8
Cash Flow From Financing Activity + -64-50-675835-80-192148-136
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -22-32-458160-64176380-56
Interest Paid -16-11-12-8-10-11-13-24-19-35
Dividend Paid -4-7-11-15-15-6-23-30-31-23
Others -22-00-00-001218-22
Net Cash Flow -122-302012-85-3041

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)22.7529.7931.8420.143.3326.128.3917.483.228.76
ROCE (%)24.8634.1146.528.835.9330.2434.6522.165.5711.67
Asset Turnover Ratio1.751.831.581.340.940.931.31.321.041.04
PAT to CFO Conversion(x)1.150.931.351.2740.760.411.170.932.37
Working Capital Days
Receivable Days44.7041.60454556.2055.6052.9052.1057.5051.50
Inventory Days3129.9029.8031.3038.7038.8028.7024.6031.7040.80
Payable Days87.207980.4075.9095.90117.807668.2078.7089.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

IG Petrochemicals Ltd FAQs

The current trading price of IG Petrochem. on 04-Jun-2026 16:59 is ₹435.0.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of IG Petrochem. stood at ₹1,339.6 Cr

The latest P/E ratio of IG Petrochem. as of 03-Jun-2026 is 57.85.

The latest P/B ratio of IG Petrochem. as of 03-Jun-2026 is 1.01.

The 52-week high of IG Petrochem. is ₹519.0 and the 52-week low is ₹317.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IG Petrochem. is ₹1,925 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that IG Petrochemicals Ltd is a good quality company.

The key valuation ratios of IG Petrochemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of IG Petrochemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About IG Petrochemicals Ltd

Incorporated in the year 1988, IG Petrochemicals (IGPL) has relentlessly marched towards achieving its goals and objectives.

Adherence to international standards while producing Phthalic Anhydride and persistent stress on quality has made them a respected name in international markets. Strict quality control standards are its hallmark.

IGPL’s manufacturing plant is located at Taloja in Maharashtra. This is the largest plant for phthalic anhydride in India and is comparable to the international plant sizes of 35,000 tpa.

The company enhanced its production capacity from 45,000 MTPA to 1,10,000 MTPA to tap growing national and export markets. It constantly strives to grow and expand as an organization, setting new standards. They are Six-Sigma practicing company with ISO 9000/2000 certification.

The company is planning to increase its capacity on a mega scale and diversify into petrochemicals.

Phthalic Anhydride is recycled to manufacture Maleic Anhydride. Similarly, the Phthalic Anhydride distillation residues, like high boiling residue and low boiling residue, are mixed together and fired in the heat transfer oil heater along with the furnace oil as fuel in a move to keep the environment clean.

In September 1991, IGPL came out with a public issue of 1.06 crore equity shares at par aggregating Rs 10.61 crore. The proceeds of the issue were utilized to part-finance a Rs 61.85-cr 100% EOU for the manufacture of phthalic anhydride with a licensed capacity of 45,000 tpa.

Product range:

Phthalic Anhydride -- The company’s principal business revolves around the production of Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities.

Phthalic Anhydride is a principal commercial form of phthalic acid, discovered in 1836. It was the first anhydride reaction of Phthalic Anhydride is with alcohols or diols to give esters or of a dicarboxylic acid to be used commercially, and is comparable in its importance to acetic acid. The most important polyesters.

It is also used for manufacturing Alkyd Resins which is used in paints, as an intermediate in production of dyes and pigments, and in production of Unsaturated Polyester Resins (UPRs).

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