Is IG Petrochemicals a good quality company?

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

Is IG Petrochemicals 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 Somewhat Undervalued zone .

What is IG Petrochemicals share price return in the past 10 years?

IG Petrochemicals Ltd share price has appreciated 25.7% annually (CAGR) over the past ten years.

Is IG Petrochemicals a good buy now?

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

What is the P/E ratio of IG Petrochemicals?

The latest standalone P/E ratio of IG Petrochemicals as of 20-Dec-2024 is 29.48.

What is the P/B ratio of IG Petrochemicals?

The latest standalone P/B ratio of IG Petrochemicals as of 20-Dec-2024 is 1.33.

What is the 52-week high and low of IG Petrochemicals?

The 52-week high of IG Petrochemicals is Rs. 725.60 and the 52-week low is Rs. 406.65.

IG Petrochemicals Ltd - Stock Valuation and Financial Performance

Name: IG Petrochemicals
Brand: IG Petrochemicals

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

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IG Petrochem. Share Price

₹552.50 -5.55 -0.99%
as on 20-Dec'24 16:59

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

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	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 ⓘ

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	25.7%	32.4%	-5.6%	19.7%

Key Financial Parameters ⓘ

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

Recent Performance Summary

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%

Latest Financials - IG Petrochemicals Ltd.

	Standalone	Consolidated
TTM EPS (₹)	18.7	17.9
TTM Sales (₹ Cr.)	2,210	2,210
BVPS (₹.) ⓘ	415.7	420.3
Reserves (₹ Cr.) ⓘ	1,272	1,263
P/BV ⓘ	1.33	1.31
PE ⓘ	29.48	30.94

From the Market
52 Week Low / High (₹)	406.65 / 725.60
All Time Low / High (₹)	1.90 / 1017.90
Market Cap (₹ Cr.)	1,701
Equity (₹ Cr.)	30.8
Face Value (₹)	10
Industry PE ⓘ	57.2

Management X-Ray of IG Petrochem.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of IG Petrochem.

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of IG Petrochem.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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

Finance Ratio

Standalone Basis Consolidated Basis

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

IG Petrochemicals Ltd Stock News

IG Petrochemicals Ltd FAQs

What is the share price of IG Petrochem.?

Company share prices are keep on changing according to the market conditions. The closing price of IG Petrochem. on 20-Dec-2024 16:59 is ₹552.5.

What is the market cap of IG Petrochem.?

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 20-Dec-2024 16:59 the market cap of IG Petrochem. stood at ₹1,701.4.

What is the P/E ratio of IG Petrochem.?

The latest P/E ratio of IG Petrochem. as of 20-Dec-2024 16:59 is 29.48.

What is the P/B ratio of IG Petrochem.?

The latest P/B ratio of IG Petrochem. as of 20-Dec-2024 16:59 is 1.33.

What is the 52-week high and low of IG Petrochem.?

The 52-week high of IG Petrochem. is ₹725.6 and the 52-week low is ₹406.6.

What is the TTM revenue of IG Petrochem.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of IG Petrochem. is ₹2,210 ( 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.

IGPLâ€™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 companyâ€™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).