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IG Petrochemicals Ltd. Stock Analysis

Small Cap
Evaluated by 735 users | BSE: 500199 | NSE: IGPL |
Chemicals
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...

Analysis of Financial Track Record

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.
Value Creation
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Capital Employed 8.06%10.03%10.11%7.97%11.74%19.88%25.18%29.79%18.23%4.03%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 6318869701,2041,1879531,0371,1441,3041,059
Y-o-Y Gr. Rt.-40.4%9.5%24.1%-1.5%-19.7%8.9%10.3%13.9%-18.8%
Adjusted EPS (Rs.) 4.396.48.354.697.6720.6531.9447.74386.96
Y-o-Y Gr. Rt.-45.8%30.5%-43.8%63.5%169.2%54.7%49.5%-20.4%-81.7%
Book Value per Share (Rs.) 69.9174.2275.2276.2477.5594.74127.46171.49204.17205.91
Adjusted Net Profit 13.519.725.714.523.663.698.414711721.5
Net Op. Cash Flow (Rs. Cr.) 35.332.32928.174.369.595.119814783.9
Debt to Cash Flow from Ops 1.091.575.927.432.061.670.860.271.12.34
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
IG Petrochemicals Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 5.9%-2.3%0.7%-18.8%
Adjusted EPS 5.3%-1.9%-39.8%-81.7%
Book Value per Share 12.821.617.30.9
Share Price 43.1% 29% -15.4% 210.9%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20
Return on Equity (%) 5.537.769.955.619.5223.9728.7531.9420.233.4
Operating Profit Margin (%) 6.544.916.095.036.7612.3815.7323.5517.087.13
Net Profit Margin (%) 2.142.222.651.21.996.679.4812.858.982.03
Debt to Equity 0.180.220.740.890.640.40.210.10.260.31
Working Capital Days 766975838787828892115
Cash Conversion Cycle 27314042221381316
Entity Percentage Holding
Promoters 68.74%
Institutions 5.07%
Non-Institutions 26.19%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of IG Petrochemicals Ltd.'s performance infers:

IG Petrochemicals Ltd. earnings have declined by -1.9%, whereas share price has appreciated 29% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of IG Petrochemicals Ltd. share prices over the last 10 years. Here is what we found out:

IG Petrochemicals Ltd. share price has appreciated 27.9% annually over the past ten years.

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

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).

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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