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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 Petrochemicals Share Price

₹538.05 -9.90 (-1.81%)

As on 15-Sep'26 09:23

IG Petrochemicals Ltd (IGPL)

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

₹538.05 -9.90 (-1.81%)

As on 15-Sep'26 09:23

Key Metrics
Valuation Multiples
Market Cap
₹1,687 Cr.
Current Price
₹538.1
52-Week Low / High
₹318 / 590
TTM EPS
₹26.5
TTM Sales
₹2,073 Cr.
Book Value per Share
₹454.4
P/E Ratio
20.67
Higher than its 5-year historical median
Industry PE
49.5
Price to Book (P/B)
1.21
In line with its 5-year historical median
Price to Sales (P/S)
0.81
Higher than its 5-year historical median
EV/EBITDA
8.08
Higher than its 5-year historical median
Dividend Yield
0.93%
Profitability Efficiency
Return on Equity (ROE)
0.17%
Underperforms industry median
Return on Capital Employed (ROCE)
3.12%
Underperforms industry median
Return on Assets (ROA)
0.10%
Operating Profit Margin
7.2%
Net Profit Margin
0.12%
Gross Profit Margin
4.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-12.75%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-56.79%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-97.96%
Asset Quality
Promoter Holding
68.74%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,369 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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Check Before You Invest

Quality

Somewhat Good

Valuation

Somewhat Undervalued

Price Trend

Strong
Q.1 Is IG Petrochemicals Ltd a good quality company?
IG Petrochemicals Ltd is a average quality company, based on a somewhat consistent 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 11.37%, compared to the industry median CAGR of 0.00%, 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 11.5% 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 some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 34.1%46.5%28.8%5.9%30.2%34.7%22.2%5.6%11.7%4.4%-
Value Creation
Index
1.42.31.1-0.61.21.50.6-0.6-0.2-0.7-

Growth Parameters

Sales 1,0371,1441,3041,0591,1241,8832,3522,0992,2061,9252,073
Sales YoY Gr.-10.3%13.9%-18.8%6.1%67.6%24.9%-10.8%5.1%-12.8%-
Adj EPS 31.948397.261.185.665.112.536.614.833.2
YoY Gr.-50.3%-18.9%-81.5%749%40.1%-24%-80.9%194%-59.7%-
BVPS (₹) 127.5171.5204.2205.9265.7344.6399.6402.5431.1428.8451.9
Adj Net
Profit
98.414812022.218826420038.411345.5102
Cash Flow from Ops. 95.119814783.914510923437.2265102-
Debt/CF from Ops. 0.90.31.12.30.91.30.990.92.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 7.1%11.4%-6.5%-12.8%
Adj EPS -8.2%-24.7%-39%-59.7%
BVPS14.4%10.1%2.4%-0.5%
Share Price 11.3% -3.2% 0.3% 22.9%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
28.832.120.73.525.928.117.53.18.83.47.6
Op. Profit
Mgn %
15.723.617.17.126.421.413.75.110.37.310.2
Net Profit
Mgn %
9.512.99.22.116.8148.51.85.12.44.9
Debt to
Equity
0.20.10.30.30.20.10.20.30.20.2-
Working Cap
Days
8288921151201049210310913482
Cash Conv.
Cycle
3813165181822182327

Valuation of IG Petrochemicals - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

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 (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,0371,1441,3041,0591,1241,8832,3522,0992,2061,925
Operating Expenses + 8748771,0819878271,4802,0351,9941,9871,830
Manufacturing Costs4144545753888994113100
Material Costs7517289138176511,2401,7821,7341,6871,502
Employee Cost 39566260717582819697
Other Costs 434952535277828591131
Operating Profit 1632672227229640231810521995
Operating Profit Margin (%) 15.7%23.4%17.1%6.8%26.4%21.4%13.5%5.0%9.9%4.9%
Other Income + 8411661122312626
Exceptional Items 00-8-0-100000
Interest 18151216151324303941
Depreciation 21262630344447526569
Profit Before Tax 132230187322533562685314110
Tax 3084701165926814328
Profit After Tax 10214611721188265200401092
PAT Margin (%) 9.8%12.8%9.0%2.0%16.7%14.1%8.5%1.9%4.9%0.1%
Adjusted EPS (₹)33.047.437.96.861.185.965.012.835.30.7
Dividend Payout Ratio (%)9.10%8.40%10.50%29.50%12.30%11.60%15.40%58.50%28.30%693.80%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3925286296338221,0621,2351,2471,3391,333
Share Capital 31313131313131313131
Reserves 3614975986027911,0311,2041,2161,3081,302
Debt +6262167187126157224314203281
Long Term Debt602910114790114169226162147
Short Term Debt23366393642548741134
Minority Interest0000000000
Trade Payables171150230200221295371377453387
Others Liabilities 33120120142155137162197217299
Total Liabilities 6588601,1461,1611,3241,6511,9922,1352,2112,300

Fixed Assets

Net Fixed Assets +3244033894717017367171,0301,016958
Gross Block7418458429501,2091,2631,2811,6251,6541,644
Accumulated Depreciation418442453479507528564595639686
CWIP 1189283339132118349158234173
Investments 17607012168118214413488
Inventories979412995144152165200294207
Trade Receivables150139183143199347325337285350
Cash Equivalents 3022364974128192184184186
Others Assets 305355515990648464338
Total Assets 6588601,1461,1611,3241,6511,9922,1352,2112,300
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + 942011398418310923337261102
PBT 132230187322533562685314110
Adjustment 263725374649545587128
Changes in Working Capital -35-13-2222-53-217-28-6249-30
Tax Paid -29-54-51-8-63-79-61-8-15-6
Cash Flow From Investing Activity + -42-164-216-104-72-106-255-115-92-89
Capex -28-124-211-168-70-99-240-173-136-162
Net Investments -17-42-662-4-12-28392454
Others 32122513202120
Cash Flow From Financing Activity + -50-355835-80-192148-138-53
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -32-128160-64176380-56-28
Interest Paid -11-12-8-10-11-13-24-19-35-38
Dividend Paid -7-11-15-15-6-23-30-31-23-31
Others -00-00-001218-2344
Net Cash Flow 22-191530-15-2-2931-39
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)29.7331.7720.23.3125.8628.0817.423.188.410.17
ROCE (%)34.0745.0727.675.6828.9133.2521.55.4211.153.12
Asset Turnover Ratio1.841.541.30.920.91.271.291.021.020.85
PAT to CFO Conversion(x)0.921.381.1940.970.411.170.932.3951
Working Capital Days
Receivable Days41.60454556.2055.6052.9052.1057.5051.5060.30
Inventory Days29.9029.8031.3038.7038.8028.7024.6031.7040.8047.50
Payable Days7980.4075.9095.90117.807668.2078.7089.80102

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Announcements

IG Petrochemicals Ltd FAQs

The current trading price of IG Petrochemicals on 15-Sep-2026 09:23 is ₹538.0.

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 14-Sep-2026 the market cap of IG Petrochemicals stood at ₹1,687.4 Cr

The latest P/E ratio of IG Petrochemicals as of 14-Sep-2026 is 16.49.

The latest P/B ratio of IG Petrochemicals as of 14-Sep-2026 is 1.21.

The 52-week high of IG Petrochemicals is ₹590.0 and the 52-week low is ₹317.8.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IG Petrochemicals is ₹2,073 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that IG Petrochemicals Ltd is a average 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 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

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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