Past 10 year's financial track record analysis by Moneyworks4me indicates that IG Petrochemicals Ltd is a good 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 Weak which suggest that the price of IG Petrochemicals 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.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 11.8% | 24.9% | 34.1% | 46.5% | 28.8% | 5.9% | 30.2% | 34.7% | 22.2% | 5.6% | - |
| Value Creation Index ⓘ | -0.2 | 0.8 | 1.4 | 2.3 | 1.1 | -0.6 | 1.2 | 1.5 | 0.6 | -0.6 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,187 | 953 | 1,037 | 1,144 | 1,304 | 1,059 | 1,124 | 1,883 | 2,352 | 2,099 | 2,210 |
| Sales YoY Gr. | - | -19.7% | 8.9% | 10.3% | 13.9% | -18.8% | 6.1% | 67.6% | 24.9% | -10.8% | - |
| Adj EPS ⓘ | 7.7 | 20.7 | 31.9 | 48 | 38 | 7.2 | 61.1 | 85.6 | 65.1 | 12.5 | 18.7 |
| YoY Gr. | - | 169.2% | 54.7% | 50.3% | -20.9% | -81.1% | 749% | 40.1% | -24% | -80.9% | - |
| BVPS (₹) ⓘ | 77.6 | 94.7 | 127.5 | 171.5 | 204.2 | 205.9 | 265.7 | 344.6 | 399.6 | 402.5 | 415.7 |
| Adj Net Profit ⓘ | 23.6 | 63.6 | 98.4 | 148 | 117 | 22.2 | 188 | 264 | 200 | 38.4 | 58 |
| Cash Flow from Ops. ⓘ | 74.3 | 69.5 | 95.1 | 198 | 147 | 83.9 | 145 | 109 | 234 | 37.2 | - |
| Debt/CF from Ops. ⓘ | 2.1 | 1.7 | 0.9 | 0.3 | 1.1 | 2.3 | 0.9 | 1.3 | 0.9 | 9 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 6.5% | 10% | 23.2% | -10.8% | ||||
| Adj EPS ⓘ | 5.5% | -20% | -41.2% | -80.9% | ||||
| BVPSⓘ | 20.1% | 14.5% | 14.9% | 0.7% | ||||
| Share Price | 24.2% | 30% | -9.1% | 21% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 9.5 | 24 | 28.8 | 32.1 | 20.2 | 3.5 | 25.9 | 28.1 | 17.5 | 3.1 | 4.6 |
| Op. Profit Mgn % ⓘ | 6.8 | 12.4 | 15.7 | 23.6 | 17.1 | 7.1 | 26.4 | 21.4 | 13.7 | 5.1 | 6.6 |
| Net Profit Mgn % ⓘ | 2 | 6.7 | 9.5 | 12.9 | 9 | 2.1 | 16.8 | 14 | 8.5 | 1.8 | 2.6 |
| Debt to Equity ⓘ | 0.6 | 0.4 | 0.2 | 0.1 | 0.3 | 0.3 | 0.2 | 0.1 | 0.2 | 0.3 | 0.2 |
| Working Cap Days ⓘ | 87 | 87 | 82 | 88 | 92 | 115 | 120 | 104 | 92 | 103 | 71 |
| Cash Conv. Cycle ⓘ | 22 | 1 | 3 | 8 | 13 | 16 | 5 | 18 | 18 | 22 | 26 |
Sales growth is growing at healthy rate in last 3 years 23.16%
Return on Equity has declined versus last 3 years average to 4.60%
Net Profit has been subdued in last 3 years -41.15%
Sales growth is not so good in last 4 quarters at 1.83%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 18.7 | 17.9 |
| TTM Sales (₹ Cr.) | 2,210 | 2,210 |
| BVPS (₹.) ⓘ | 415.7 | 420.3 |
| Reserves (₹ Cr.) ⓘ | 1,249 | 1,263 |
| P/BV ⓘ | 1.30 | 1.28 |
| PE ⓘ | 28.79 | 30.21 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 406.65 / 725.60 |
| All Time Low / High (₹) | 1.90 / 1017.90 |
| Market Cap (₹ Cr.) | 1,662 |
| Equity (₹ Cr.) | 30.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 55.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,187 | 953 | 1,037 | 1,144 | 1,304 | 1,059 | 1,124 | 1,883 | 2,352 | 2,099 |
| Operating Expenses ⓘ | 1,106 | 839 | 874 | 877 | 1,081 | 987 | 827 | 1,480 | 2,035 | 1,994 |
| Manufacturing Costs | 34 | 27 | 43 | 46 | 55 | 58 | 54 | 90 | 89 | 95 |
| Material Costs | 1,001 | 734 | 751 | 728 | 913 | 817 | 651 | 1,240 | 1,782 | 1,734 |
| Employee Cost | 28 | 30 | 39 | 56 | 62 | 60 | 71 | 75 | 82 | 81 |
| Other Costs ⓘ | 43 | 49 | 41 | 48 | 51 | 52 | 51 | 76 | 82 | 83 |
| Operating Profit ⓘ | 80 | 113 | 163 | 267 | 223 | 72 | 296 | 402 | 318 | 105 |
| Operating Profit Margin (%) | 6.8% | 11.9% | 15.7% | 23.4% | 17.1% | 6.8% | 26.4% | 21.4% | 13.5% | 5.0% |
| Other Income ⓘ | 7 | 4 | 8 | 4 | 11 | 7 | 7 | 13 | 22 | 31 |
| Interest ⓘ | 38 | 23 | 18 | 15 | 11 | 16 | 15 | 13 | 24 | 30 |
| Depreciation ⓘ | 16 | 18 | 21 | 26 | 26 | 30 | 34 | 44 | 47 | 52 |
| Exceptional Items ⓘ | -21 | 0 | 0 | 0 | -10 | 0 | -1 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 11 | 77 | 132 | 231 | 186 | 32 | 254 | 359 | 269 | 54 |
| Tax ⓘ | 2 | 16 | 30 | 84 | 70 | 11 | 65 | 92 | 68 | 14 |
| Profit After Tax | 9 | 60 | 102 | 147 | 116 | 21 | 190 | 267 | 200 | 40 |
| PAT Margin (%) | 0.7% | 6.3% | 9.8% | 12.8% | 8.9% | 2.0% | 16.9% | 14.2% | 8.5% | 1.9% |
| Adjusted EPS (₹) | 2.9 | 19.6 | 33.1 | 47.6 | 37.8 | 6.8 | 61.5 | 86.6 | 65.1 | 12.9 |
| Dividend Payout Ratio (%) | 35% | 10% | 9% | 8% | 11% | 29% | 12% | 12% | 15% | 58% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 239 | 292 | 393 | 528 | 629 | 634 | 818 | 1,061 | 1,231 | 1,239 |
| Share Capital ⓘ | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves ⓘ | 208 | 261 | 362 | 497 | 598 | 603 | 787 | 1,030 | 1,200 | 1,209 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 130 | 92 | 62 | 29 | 135 | 154 | 90 | 121 | 187 | 283 |
| Long Term Debt | 108 | 92 | 60 | 29 | 101 | 147 | 90 | 114 | 169 | 226 |
| Short Term Debt | 23 | 0 | 2 | 0 | 33 | 6 | 0 | 7 | 18 | 57 |
| Trade Payables | 196 | 154 | 171 | 150 | 230 | 200 | 221 | 295 | 371 | 377 |
| Others Liabilities ⓘ | 38 | 40 | 33 | 120 | 120 | 142 | 155 | 137 | 161 | 194 |
| Total Liabilities ⓘ | 604 | 579 | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 |
Fixed Assets | ||||||||||
| Gross Block | 695 | 708 | 741 | 845 | 842 | 950 | 1,209 | 1,263 | 1,281 | 1,625 |
| Accumulated Depreciation | 369 | 385 | 418 | 442 | 453 | 479 | 507 | 528 | 564 | 595 |
| Net Fixed Assetsⓘ | 327 | 322 | 324 | 403 | 389 | 471 | 701 | 736 | 717 | 1,030 |
| CWIP ⓘ | 1 | 4 | 11 | 26 | 216 | 267 | 41 | 18 | 232 | 3 |
| Investmentsⓘ | 0 | 0 | 19 | 90 | 113 | 55 | 58 | 123 | 269 | 252 |
| Inventories | 87 | 90 | 97 | 94 | 129 | 95 | 144 | 152 | 165 | 200 |
| Trade Receivables | 145 | 109 | 150 | 139 | 183 | 143 | 199 | 347 | 325 | 337 |
| Cash Equivalents | 18 | 17 | 30 | 21 | 25 | 36 | 43 | 108 | 178 | 175 |
| Others Assetsⓘ | 26 | 36 | 29 | 54 | 57 | 62 | 98 | 131 | 64 | 97 |
| Total Assets ⓘ | 604 | 579 | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 74 | 69 | 95 | 198 | 147 | 84 | 145 | 109 | 234 | 37 |
| PBT ⓘ | 32 | 77 | 132 | 231 | 186 | 32 | 254 | 359 | 269 | 54 |
| Adjustment ⓘ | 32 | 33 | 26 | 36 | 34 | 39 | 39 | 46 | 53 | 54 |
| Changes in Working Capital ⓘ | 11 | -23 | -34 | -15 | -23 | 20 | -85 | -217 | -27 | -62 |
| Tax Paid ⓘ | -1 | -17 | -29 | -54 | -51 | -8 | -63 | -79 | -61 | -8 |
| Cash Flow From Investing Activity ⓘ | -24 | -6 | -43 | -129 | -234 | -99 | -52 | -98 | -249 | -115 |
| Capex | -28 | -9 | -28 | -61 | -208 | -162 | -51 | -89 | -229 | -140 |
| Net Investments | 0 | 0 | -18 | -70 | -28 | 61 | -3 | -12 | -28 | 39 |
| Others ⓘ | 4 | 3 | 3 | 2 | 2 | 3 | 3 | 3 | 8 | -14 |
| Cash Flow From Financing Activityⓘ | -61 | -64 | -50 | -67 | 58 | 35 | -80 | -19 | 21 | 48 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -20 | -22 | -32 | -45 | 81 | 60 | -64 | 17 | 63 | 80 |
| Interest Paid ⓘ | -20 | -16 | -11 | -12 | -8 | -10 | -11 | -13 | -24 | -19 |
| Dividend Paid ⓘ | 0 | -4 | -7 | -11 | -15 | -15 | -6 | -23 | -30 | -31 |
| Others ⓘ | -21 | -22 | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 18 |
| Net Cash Flow ⓘ | -10 | -1 | 2 | 2 | -30 | 20 | 12 | -8 | 5 | -30 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.76 | 22.75 | 29.79 | 31.84 | 20.14 | 3.33 | 26.1 | 28.39 | 17.48 | 3.22 |
| ROCE (%) | 11.83 | 24.86 | 34.11 | 46.5 | 28.83 | 5.93 | 30.24 | 34.65 | 22.16 | 5.57 |
| Asset Turnover Ratio | 1.89 | 1.75 | 1.83 | 1.58 | 1.34 | 0.94 | 0.93 | 1.3 | 1.32 | 1.04 |
| PAT to CFO Conversion(x) | 8.22 | 1.15 | 0.93 | 1.35 | 1.27 | 4 | 0.76 | 0.41 | 1.17 | 0.93 | Working Capital Days |
| Receivable Days | 45 | 45 | 42 | 45 | 45 | 56 | 56 | 53 | 52 | 57 |
| Inventory Days | 32 | 31 | 30 | 30 | 31 | 39 | 39 | 29 | 25 | 32 |
| Payable Days | 59 | 87 | 79 | 80 | 76 | 96 | 118 | 76 | 68 | 79 |
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
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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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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