IG Petrochemicals Ltd - Stock Valuation and Financial Performance

BSE: 500199 | NSE: IGPL | Chemicals | Small Cap

IG Petrochem. Share Price

545.65 19.45 3.70%
as on 14-Jun'24 16:01

DeciZen - make an informed investing decision on IG Petrochem.

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

IG Petrochemicals stock performance -

mw4me loader
P/E Ratio (SA):
42.36
Market Cap:
1,682.2 Cr.
52-wk low:
406.7
52-wk high:
588.6

Is IG Petrochemicals Ltd an attractive stock to invest in?

1. Is IG Petrochemicals Ltd a good quality company?

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

2. Is IG Petrochemicals Ltd undervalued or overvalued?

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

3. Is IG Petrochemicals Ltd a good buy now?

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

10 Year X-Ray of IG Petrochem.:

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

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8%11.7%19.9%25.2%30%18.2%4.1%22.3%25.4%16.5%-
Value Creation
Index
-0.4-0.20.40.81.10.3-0.70.60.80.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2041,1879531,0371,1441,3041,0591,1241,8832,3522,099
Sales YoY Gr.--1.5%-19.7%8.9%10.3%13.9%-18.8%6.1%67.6%24.9%-
Adj EPS 4.77.720.731.948387.261.185.665.112.9
YoY Gr.-63.5%169.2%54.7%50.3%-20.9%-81.1%749%40.1%-24%-
BVPS (₹) 76.277.694.7127.5171.5204.2205.9265.7344.6399.6402.5
Adj Net
Profit
14.523.663.698.414811722.218826420040
Cash Flow from Ops. 28.174.369.595.119814783.9145109234-
Debt/CF from Ops. 7.42.11.70.90.31.12.30.91.30.9-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.7%15.5%30.5%24.9%
Adj EPS 34%6.3%108.3%-24%
BVPS20.2%18.4%24.7%16%
Share Price 28.3% 15.1% -4.3% 6.7%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.69.52428.832.120.23.525.928.117.53.2
Op. Profit
Mgn %
56.812.415.723.617.17.126.421.413.75
Net Profit
Mgn %
1.226.79.512.992.116.8148.51.9
Debt to
Equity
0.90.60.40.20.10.30.30.20.10.20.2
Working Cap
Days
8387878288921151201049272
Cash Conv.
Cycle
422213813165181828

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.49%

Net Profit is growing at healthy rate in last 3 years 108.34%

Return on Equity has declined versus last 3 years average to 3.20%

Sales growth is not so good in last 4 quarters at -10.49%

Latest Financials - IG Petrochemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 12.9 12.8
TTM Sales (₹ Cr.) 2,099 2,099
BVPS (₹.) 402.5 404.9
Reserves (₹ Cr.) 1,209 1,216
P/BV 1.36 1.35
PE 42.36 42.57
From the Market
52 Week Low / High (₹) 406.65 / 588.55
All Time Low / High (₹) 1.90 / 1017.90
Market Cap (₹ Cr.) 1,682
Equity (₹ Cr.) 30.8
Face Value (₹) 10
Industry PE 53.3

Management X-Ray of IG Petrochem.:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of IG Petrochem.

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales1,2041,1879531,0371,1441,3041,0591,1241,8832,352
Operating Expenses 1,1441,1068398748771,0819878271,4802,035
Manufacturing Costs39342743465558549089
Material Costs1,0481,0017347517289138176511,2401,782
Employee Cost 25283039566260717582
Other Costs 31434941485152517682
Operating Profit 608011316326722372296402318
Operating Profit Margin (%) 5.0%6.8%11.9%15.7%23.4%17.1%6.8%26.4%21.4%13.5%
Other Income 10748411771322
Interest 30382318151116151324
Depreciation 18161821262630344447
Exceptional Items -18-21000-100-100
Profit Before Tax 4117713223118632254359269
Tax 121630847011659268
Profit After Tax 396010214711621190267200
PAT Margin (%) 0.3%0.7%6.3%9.8%12.8%8.9%2.0%16.9%14.2%8.5%
Adjusted EPS (₹)1.02.919.633.147.637.86.861.586.665.1
Dividend Payout Ratio (%)0%35%10%9%8%11%29%12%12%15%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2572392923935286296348181,0611,231
Share Capital 31313131313131313131
Reserves 2262082613624975986037871,0301,200
Minority Interest0000000000
Debt18513092622913515490121187
Long Term Debt14110892602910114790114169
Short Term Debt44230203360718
Trade Payables286196154171150230200221295371
Others Liabilities 36384033120120142155137161
Total Liabilities 7646045796598271,1131,1301,2841,6141,949

Fixed Assets

Gross Block7636957087418458429501,2091,2631,281
Accumulated Depreciation386369385418442453479507528564
Net Fixed Assets376327322324403389471701736717
CWIP 11411262162674118232
Investments 00019901135558123269
Inventories1418790979412995144152165
Trade Receivables174145109150139183143199347325
Cash Equivalents 2918173021253643108178
Others Assets432636295457629813164
Total Assets 7646045796598271,1131,1301,2841,6141,949

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 2874699519814784145109234
PBT 4327713223118632254359269
Adjustment 44323326363439394653
Changes in Working Capital -1911-23-34-15-2320-85-217-27
Tax Paid 0-1-17-29-54-51-8-63-79-61
Cash Flow From Investing Activity -36-24-6-43-129-234-99-52-98-249
Capex -40-28-9-28-61-208-162-51-89-229
Net Investments 000-18-70-2861-3-12-38
Others 54332233317
Cash Flow From Financing Activity 1-61-64-50-675835-80-1921
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 14-20-22-32-458160-641763
Interest Paid -21-20-16-11-12-8-10-11-13-24
Dividend Paid 00-4-7-11-15-15-6-23-30
Others 8-21-2200000012
Net Cash Flow -6-10-122-302012-85
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)1.343.7622.7529.7931.8420.143.3326.128.3917.48
ROCE (%)8.0911.8324.8634.1146.528.835.9330.2434.6522.16
Asset Turnover Ratio1.911.891.751.831.581.340.940.931.31.32
PAT to CFO Conversion(x)9.338.221.150.931.351.2740.760.411.17
Working Capital Days
Receivable Days41454542454556565352
Inventory Days31323130303139392925
Payable Days345987798076961187668

IG Petrochemicals Ltd Stock News

IG Petrochemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of IG Petrochem. on 14-Jun-2024 16:01 is ₹545.6.
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 14-Jun-2024 16:01 the market cap of IG Petrochem. stood at ₹1,682.2.
The latest P/E ratio of IG Petrochem. as of 14-Jun-2024 16:01 is 42.36.
The latest P/B ratio of IG Petrochem. as of 14-Jun-2024 16:01 is 1.36.
The 52-week high of IG Petrochem. is ₹588.5 and the 52-week low is ₹406.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IG Petrochem. is ₹2,099 ( Cr.) .

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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