1. Is India Glycols Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that India Glycols Ltd is a below average quality company.
2. Is India Glycols Ltd undervalued or overvalued?
The key valuation ratios of India Glycols Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
3. Is India Glycols Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of India Glycols Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||11.5%||4.4%||3%||4.3%||7.2%||10.3%||14.5%||10.8%||5.8%||7.3%||-|
|Value Creation Index ⓘ||-0.2||-0.7||-0.8||-0.7||-0.5||-0.3||0.0||-0.2||-0.6||-0.5||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||-13.5%||-11.4%||-9.2%||6.5%||22.4%||10.8%||3.4%||-34.3%||25.6%||-|
|Adj EPS ⓘ||53.7||1.6||-15.1||-0.5||14.9||30.8||54.7||50||23.4||41.4||27.8|
|YoY Gr. Rt. %||-||-97%||-1035.4%||NA||NA||106.6%||77.8%||-8.7%||-53.2%||77%||-|
|BVPS (₹) ⓘ||202.7||162.7||146.3||258||272.5||303.2||346.3||373.3||401.6||487.9||495.1|
|Adj Net Profit ⓘ||166||5||-46.6||-1.7||46.1||95.2||169||155||72.4||128||86|
|Cash Flow from Ops. ⓘ||769||-138||-154||1,223||302||487||148||344||142||114||-|
|Debt/CF from Ops. ⓘ||2.1||-14||-13.9||0.9||3.2||1.6||6.3||2.6||7.4||8.4||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||-2.9%||22.7%||-8.9%||77%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||30||0.9||-9.7||-0.3||5.6||10.7||16.8||13.9||6||9.3||5.7|
|Op. Profit Mgn % ⓘ||13||7.3||5.4||8||7.8||7.4||13.5||10.7||7.4||4.6||3.9|
|Net Profit Mgn % ⓘ||5||0.2||-1.8||-0.1||1.9||3.2||5.1||4.5||3.2||4.5||1.3|
|Debt to Equity ⓘ||2.6||3.8||4.7||1.4||1.2||0.8||0.9||0.8||0.8||0.6||0.3|
|Working Cap Days ⓘ||130||159||200||172||131||104||90||92||113||94||92|
|Cash Conv. Cycle ⓘ||37||30||57||38||6||-15||-32||-44||-42||-26||0|
Debt to equity has declined versus last 3 years average to 0.64
Return on Equity has declined versus last 3 years average to 5.70%
Sales growth has been subdued in last 3 years -5.16%
Net Profit has been subdued in last 3 years -8.86%
Sales growth is not so good in last 4 quarters at 2.93%
|TTM EPS (₹)||27.8||46.9|
|TTM Sales (₹ Cr.)||6,751||6,756|
|BVPS (₹.) ⓘ||495.1||587.5|
|Reserves (₹ Cr.) ⓘ||1,503||1,789|
|From the Market|
|52 Week Low / High (₹)||599.05 / 1153.10|
|All Time Low / High (₹)||13.30 / 1153.10|
|Market Cap (₹ Cr.)||2,329|
|Equity (₹ Cr.)||31|
|Face Value (₹)||10|
|Industry PE ⓘ||33.9|
India Glycols Limited (IGL) is a leading company that manufactures green technology based bulk, specialty and performance chemicals and natural gums, spirits, industrial gases, sugar and nutraceuticals.
The company was established as a single mono-ethylene glycol plant in 1983. Since then, the company has brought together cutting-edge technology, innovation and an unflagging commitment to quality, to manufacture a wide range of products that have found global demand.
Its state-of-the-art, integrated facilities manufacture chemicals including glycols, ethoxylates, glycol ethers and acetates, and various performance chemicals. Its product range spans the chemicals, spirits, herbal and other phytochemical extracts and guar gum, industrial gases and realty sectors, and finds application across an increasing number of industries.
These products are manufactured in compliance with stringent global standards of plant operations, quality and safety. The company’s facilities have been approved and certified by international agencies including Det Norske Veritas (DNV). The operations at all plants are closely monitored through distributed control systems (DCS), which facilitate a high degree of control over the quality of products.
The company’s flagship chemicals division started out with a path-breaking green approach to manufacturing ethylene oxide and derivatives. Using the molasses-ethyl alcohol-ethylene 'green route', the company is the only one of its kind in the world. With the emphasis now increasingly shifting to green manufacturing, the chemical division is well poised to meet the industry’s need for environmentally responsible products and production techniques.
Keeping in mind the critical dependence on agricultural feedstock, the company has taken up several initiatives including backward integration into sugar manufacturing to ensure seamless raw material availability. Other complementary initiatives include co-opting the cane growing community to ensure cane availability while providing adequate returns to the farmer.
Apart from chemicals, the company has a significant presence in the natural active pharmaceuticals and nutraceuticals space with Ennature Biopharma; a well-established natural gum division manufacturing guar gum and a variety of derivatives; a spirits division that manufactures country and Indian-made foreign liquor adhering to the highest quality standards; and Shakumbari Sugar - a well-established player in the Indian sugar industry.
Further, the company has traditionally looked to leverage the export potential of its products. The company has therefore initiated the process of aligning to emerging global trends and has established facilities and operations that are in compliance with global good manufacturing practices.
Business area of the company
The company is one of the leading manufacturers with its presence in Glycols (Bio-Based Specialities and Performance Chemicals), Ethyl Alcohol (Potable Spirits), Plant based APIs and Nutraceuticals, Natural Gums (Bio Polymers) and Derivatives and Industrial Gases. The Bio-based Ethylene Oxide Derivatives business is being transferred to a JV company, details whereof are given under the heading Ethylene Oxide Derivatives (EODs) in this report. Its state-of-the-art manufacturing facilities are working to provide sustainable value added products using the best technologies.
The Company has organised its business into:
A) Chemicals having following segments:-
B) Ethyl Alcohol (Potable Spirits) and Extra Neutral Alcohol (ENA).
C) Ennature Biopharma (Nutraceuticals)