Skip to main content
Swing Capital

I G Petrochemicals Ltd

NSE: IGPL BSE: 500199

I G Petrochemicals Ltd, incorporated in 1988, manufactures Phthalic Anhydride (PAN), Maleic Anhydride (MAN) and Benzoic Acid which are used in manufacturing of dyes, polyester resins etc. [1]

₹434
52W: ₹315 — ₹520
PE 192 · Book ₹419 · +4% vs book
Market Cap₹1,336 Cr
Stock P/E192Price to Earnings
ROCE11.4%Return on Capital
ROE8.53%Return on Equity
Div. Yield2.32%Face Value ₹10

Strengths

  • +Stock is trading at 1.00 times its book value
  • +Company has been maintaining a healthy dividend payout of 33.6%

Weaknesses

  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 9.41% over last 3 years.
  • −Earnings include an other income of Rs.28.1 Cr.

Shareholding Pattern

Promoters68.74%
FIIs2.92%
DIIs1.45%
Public26.89%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters68.74%68.74%68.74%68.74%68.74%68.74%68.74%68.74%
FIIs2.5%2.73%▲0.22.79%▲0.13.09%▲0.33.12%▲0.02.96%▼0.22.88%▼0.12.92%▲0.0
DIIs2.16%2.7%▲0.52.64%▼0.11.44%▼1.20.96%▼0.50.96%1.2%▲0.21.45%▲0.3
Public26.61%25.84%▼0.825.82%▼0.026.73%▲0.927.19%▲0.527.35%▲0.227.19%▼0.226.89%▼0.3

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales501.75488.05553.98585.14582.96558.05480.08470.05465.34465.32
Expenses475.82493.93527.87523.34518.66512.35431.23467.85444.27455.75
Operating Profit25.93-5.8826.1161.864.345.748.852.221.079.57
OPM %5.17%-1.2%4.71%10.56%11.03%8.19%10.18%0.47%4.53%2.06%
Net Profit10.08-15.249.2135.4328.3127.7520.98-8.211.42-7.22
EPS ₹3.27-4.952.9911.519.199.016.81-2.670.46-2.34

AI Insights

Revenue Trend

TTM revenue at ₹1,881Cr, down 14.7% YoY. OPM at 4%.

Debt Position

Borrowings at ₹332Cr. Debt-to-equity ratio: 0.26x. Healthy balance sheet.

Capex Cycle

CWIP at ₹117Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 1.45% (-0.24pp change). FIIs: 2.92% (-0.89pp change). Promoters hold 68.74%.

Margin & Efficiency

ROCE declining from 12% (Mar 2014) to 11% (Mar 2025). Working capital days: 12.

Valuation

PE 192x with 11.4% ROCE. Price is 4% above book value of ₹419. Dividend yield: 2.32%.

Recent Announcements