IG Petrochemicals Ltd.

NSE: IGPL BSE: 500199 SECTOR: Chemicals  34k   214   22

472.80
+7.50 (1.61%)
NSE: Today, 03:54 PM

Price Summary

Today's High

₹ 475

Today's Low

₹ 466.7

52 Week High

₹ 669

52 Week Low

₹ 399

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyExcellent
The company knows very well the utilization of its assets.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1455.98 Cr.

Enterprise Value

1484.97 Cr.

No. of Shares

3.08 Cr.

P/E

7.27

P/B

1.18

Face Value

₹ 10

Div. Yield

2.13 %

Book Value (TTM)

₹  399.62

CASH

107.7 Cr.

DEBT

136.69 Cr.

Promoter Holding

68.74 %

EPS (TTM)

₹  65.05

Sales Growth

67.56%

ROE

28.39 %

ROCE

34.65%

Profit Growth

40.74 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year67.56%
3 Year13.03%
5 Year12.66%

Profit Growth

1 Year40.74%
3 Year31.81%
5 Year21.21%

ROE%

1 Year28.39%
3 Year19.27%
5 Year21.96%

ROCE %

1 Year34.65%
3 Year23.6%
5 Year29.23%

Debt/Equity

0.1288

Price to Cash Flow

9.37

Interest Cover Ratio

28.8329011722692

CFO/PAT (5 Yr. Avg.)

0.983764823766818

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 68.74 0
Dec 2022 68.74 0
Sep 2022 68.74 0
Jun 2022 68.74 0
Mar 2022 68.74 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 31.8050816891427% for the Past 3 years.
  • Company has been maintaining healthy ROCE of 23.6048055031453% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 28.8329011722692.
  • Company’s PEG ratio is 0.178416107762628.
  • The company has an efficient Cash Conversion Cycle of 5.6141308408415 days.
  • The company has a high promoter holding of 68.74%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 26.4470715970737.

 Limitations

  • The company has shown a poor revenue growth of 13.0331435911963% for the Past 3 years.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 517.21 659.93 569.12 518.31 604.98
Total Expenditure 403.99 540.15 483.71 469.33 541.43
Operating Profit 113.21 119.78 85.41 48.99 63.55
Other Income 1.89 4.45 5.66 6.15 5.97
Interest 3.54 3.63 4.67 9.11 6.51
Depreciation 11.51 11.91 11.6 11.67 12.24
Exceptional Items 0 0 0 0 0
Profit Before Tax 100.06 108.69 74.8 34.36 50.77
Tax 26.42 27.38 19.42 8.94 12.55
Profit After Tax 73.64 81.31 55.38 25.42 38.22
Adjusted EPS (Rs) 23.91 26.4 17.98 8.26 12.41

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 1144.17 1303.7 1058.58 1123.62 1882.77
Total Expenditure 876.77 1081.02 986.92 827.21 1480.44
Operating Profit 267.4 222.68 71.66 296.41 402.33
Other Income 4.02 11.02 6.56 6.92 13.42
Interest 14.88 11.44 15.95 14.56 12.88
Depreciation 25.7 26.46 29.9 34.1 44.35
Exceptional Items 0 -9.5 -0.29 -0.62 0
Profit Before Tax 230.85 186.31 32.08 254.05 358.52
Tax 84.3 69.82 11.03 64.54 91.8
Net Profit 146.54 116.48 21.04 189.52 266.72
Adjusted EPS (Rs.) 47.59 37.83 6.83 61.54 86.61

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 30.8 30.8 30.8 30.8 30.8
Total Reserves 497.3 597.93 603.31 787.32 1030.29
Borrowings 29.23 101.15 147.4 89.82 114.33
Other N/C liabilities 77.41 82.22 86.87 83.03 82.31
Current liabilities 192.56 301.01 261.15 292.85 356.72
Total Liabilities 827.31 1113.11 1129.53 1283.82 1614.45
Assets
Net Block 402.94 389.22 471.33 701.57 736.19
Capital WIP 25.69 216.08 267.23 40.58 18.11
Intangible WIP 0.59 0 0 0 0
Investments 48.95 43.39 43.59 43.2 50.92
Loans & Advances 34.57 29.93 34.44 66.12 79.74
Other N/C Assets 0.29 0.53 0.53 20.39 37.64
Current Assets 314.28 433.96 312.41 411.96 691.85
Total Assets 827.31 1113.11 1129.53 1283.82 1614.45
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 230.85 186.31 32.08 254.05 358.52
Adjustment 35.69 33.75 39 38.75 41.12
Changes in Assets & Liabilities -14.55 -23.01 20.48 -85.39 -165.5
Tax Paid -54.2 -50.51 -7.62 -62.75 -78.76
Operating Cash Flow 197.79 146.53 83.93 144.67 155.37
Investing Cash Flow -128.57 -234.39 -98.89 -52.18 -149.79
Financing Cash Flow -67.43 58.34 35.33 -80.35 -13.53
Net Cash Flow 1.79 -29.52 20.37 12.15 -7.94

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 68.74 68.74 68.74 68.74 68.74
vincent india limi... 15.88 15.88 15.88 15.88 15.88
shekhavati investm... 10.07 10.07 10.07 10.07 10.07
mysore petro chemi... 13.23 13.23 13.23 13.23 13.23
kamrup enterprises... 10.79 10.79 10.79 10.79 10.79
gembel trade enter... 7.73 - - - -
gembel trade enter... - 7.73 7.73 7.73 7.73
savita investment ... 6.28 6.28 6.28 6.28 6.28
bihariji construct... 1.79 1.79 1.79 1.79 1.79
mayank dhanuka 0.44 0.44 0.86 0.86 1.27
shogun vinimay (p)... 1.20 1.20 1.20 1.20 1.20
neha dhanuka 0.42 0.42 - - -
rajkumari dhanuka 0.08 0.41 0.41 0.41 -
umang dhanuka 0.35 0.03 0.03 0.03 0.03
madan mohan dhanuka 0.34 0.34 0.34 0.34 0.34
bina devi dhanuka 0.07 0.07 0.07 0.07 0.07
nikunj dhanuka 0.06 0.06 0.06 0.06 0.06
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 31.26 31.26 31.26 31.26 31.26
aditya birla sun l... - - - - -
investor education... - - - 3.30 -
investor education... - - 2.48 - 3.29
aditya birla sun l... 1.73 1.68 1.68 1.68 1.68
iepf 2.49 2.48 - - -
investor education... - - - - -
anil kumar goel - - - - -
ajay upadhyaya 1.06 1.09 1.09 1.09 1.09

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

I G Petrochemicals informs about investor presentation22 May 2023, 4:00PM IG Petrochem. - Quaterly Results18 May 2023, 6:27PM IG Petrochem. - Quaterly Results18 May 2023, 6:27PM I G Petrochemicals informs about details of loss of certificate16 Mar 2023, 3:54PM I G Petrochemicals informs about investors meet15 Mar 2023, 5:06PM I G Petrochemicals informs about loss of share certificate2 Mar 2023, 5:02PM IG Petrochemicals gets nod to incorporate wholly owned subsidiary3 Feb 2023, 9:41AM IG Petrochem. - Quaterly Results2 Feb 2023, 6:27PM IG Petrochem. - Quaterly Results2 Feb 2023, 6:27PM I G Petrochemicals informs about issuance of duplicate share certificate6 Jan 2023, 12:40PM IG Petrochemicals informs about credit rating28 Dec 2022, 4:00PM IG Petrochemicals informs about issuance of duplicate share certificates5 Dec 2022, 4:01PM IG Petrochem. - Quaterly Results10 Nov 2022, 5:43PM IG Petrochem. - Quaterly Results10 Nov 2022, 5:43PM I G Petrochemicals informs about loss of share certificate20 Oct 2022, 12:42PM I G Petrochemicals informs about issue of duplicate certificates27 Sep 2022, 5:18PM I G Petrochemicals informs about loss of share certificates21 Sep 2022, 5:17PM I G Petrochemicals informs about analyst meet15 Sep 2022, 5:19PM IG Petrochem. - Quaterly Results5 Aug 2022, 2:04PM IG Petrochem. - Quaterly Results5 Aug 2022, 2:04PM IG Petrochem. - Quaterly Results5 Aug 2022, 2:04PM IG Petrochemicals informs about newspaper advertisement18 Jul 2022, 3:57PM I G Petrochemicals informs about loss of share certificates15 Jul 2022, 4:43PM IG Petrochemicals informs about issue of duplicate share certificate29 Jun 2022, 11:57AM I G Petrochemicals informs about loss of share certificates26 May 2022, 12:36PM IG Petrochem. - Quaterly Results20 May 2022, 8:41PM IG Petrochem. - Quaterly Results20 May 2022, 8:41PM IG Petrochemicals informs about analsyt meet19 May 2022, 3:51PM I G Petrochemicals informs about board meeting13 May 2022, 12:31PM I G Petrochemicals informs about loss of share certificates2 Mar 2022, 4:24PM I G Petrochemicals informs about loss of share certificate23 Feb 2022, 5:30PM I G Petrochemicals informs about loss of share certificate17 Feb 2022, 5:25PM I G Petrochemicals informs about investor presentation7 Feb 2022, 11:53AM IG Petrochem. - Quaterly Results3 Feb 2022, 5:54PM IG Petrochem. - Quaterly Results3 Feb 2022, 5:54PM IG Petrochem. - Quaterly Results3 Feb 2022, 5:54PM I G Petrochemicals informs about conference call with analyst 31 Jan 2022, 2:46PM I G Petrochemicals informs about loss of share certificate17 Dec 2021, 3:58PM IG Petrochemicals informs about loss of share certificate7 Dec 2021, 11:36AM I G Petrochemicals informs about loss of share certificate2 Dec 2021, 4:16PM I G Petrochemicals informs about details of loss of share certificate 16 Nov 2021, 4:48PM IG Petrochemicals informs about loss of share certificates12 Nov 2021, 2:54PM IG Petrochemicals informs about investor presentation2 Nov 2021, 4:16PM I G Petrochemicals gets nod for expansion of Phthalic Anhydride 2 Nov 2021, 10:28AM IG Petrochem. - Quaterly Results1 Nov 2021, 6:13PM IG Petrochemicals informs about clarification 8 Oct 2021, 9:47AM IG Petrochemicals informs about loss of share certificates28 Sep 2021, 12:37PM IG Petrochemicals informs about loss of share certificate22 Sep 2021, 3:01PM I G Petrochemicals informs about analyst meet20 Sep 2021, 4:23PM IG Petrochemicals informs about loss of share certificates4 Sep 2021, 2:47PM

IG Petrochem. Stock Price Analysis and Quick Research Report. Is IG Petrochem. an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). IG Petrochem. has a PE ratio of 7.28339284973122 which is low and comparatively undervalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. IG Petrochem. has ROA of 18.4053523692055 % which is a good sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. IG Petrochem. has a Current ratio of 1.93951223259122 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. IG Petrochem. has a ROE of 28.3863971636474 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. IG Petrochem. has a D/E ratio of 0.1288 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. IG Petrochem. has an Inventory turnover ratio of 12.7240288100399 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - IG Petrochem. has reported revenue growth of 67.5626110919468 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of IG Petrochem. for the current financial year is 21.3688750322 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for IG Petrochem. is Rs 10 and the yield is 2.1277 %.

Brief about IG Petrochem.

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