IG Petrochemicals Ltd.
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ABOUT
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AI GENERATEDChemicals
The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.
PROS
- Latest quarter profit grew 964.4% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.30x)
- Company has been maintaining a healthy dividend payout of 66.5%
- Stock looks reasonably valued - P/E of 17.0 is below its historical median
- Company has a consistent dividend-paying track record
- Company generates healthy free cash flow
CONS
- A large part of profit comes from other income (91.5% of PBT)
- Receivables are growing faster than sales - a possible quality concern
- Company has a low return on equity of 4.6% over last 3 years
- Company has a low return on capital employed of 7.2%
- Interest coverage is weak at 1.8x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| SOLARINDS | 21460.00 | 97.52 | 194191.66 | 0.05 | 666.37 | 88.98 | 3668.20 | 70.26 | 38.16 | 27.91 |
| PIDILITIND | 1630.00 | 62.63 | 165914.39 | 1.32 | 8835.10 | 1202.86 | 45515.50 | 1112.74 | 32.38 | 26.28 |
| SRF | 2550.15 | 34.97 | 75592.78 | 0.35 | 758.87 | 75.53 | 5033.26 | 34.63 | 14.21 | 24.57 |
| FLUOROCHEM | 4553.45 | 81.33 | 50019.65 | 0.07 | 219.00 | 19.02 | 1588.00 | 23.97 | 9.58 | 26.83 |
| NAVINFLUOR | 8563.50 | 55.64 | 43937.70 | 0.18 | 243.31 | 107.67 | 1045.08 | 44.07 | 21.39 | 34.17 |
| GODREJIND | 1162.45 | 33.31 | 39157.25 | 0.00 | 523.36 | -27.85 | 5448.09 | 22.16 | 10.64 | 12.82 |
| DEEPAKNTR | 1712.30 | 29.82 | 23354.58 | 0.44 | 345.01 | 207.36 | 2577.60 | 36.39 | 11.58 | 20.96 |
| AETHER | 1626.45 | 91.79 | 21587.52 | 0.00 | 62.75 | 33.45 | 326.56 | 27.49 | 11.65 | 31.47 |
| ATUL | 6383.20 | 23.63 | 18793.26 | 0.47 | 253.93 | 91.85 | 1847.95 | 25.03 | 15.05 | 21.41 |
| AARTIIND | 491.90 | 33.60 | 17842.53 | 0.20 | 155.00 | 260.47 | 2387.00 | 42.42 | 6.95 | 16.00 |
| DEEPAKFERT | 1361.95 | 17.53 | 17250.85 | 0.73 | 490.04 | 100.95 | 3256.26 | 22.47 | 12.12 | 25.96 |
| IGPL | 565.30 | 21.32 | 1740.83 | 0.88 | 66.44 | 611.60 | 617.80 | 31.43 | 3.12 | 18.16 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 555 | 502 | 488 | 554 | 585 | 583 | 558 | 480 | 470 | 465 | 465 | 524 | 618 | |
| 496 | 476 | 494 | 528 | 523 | 519 | 512 | 431 | 468 | 444 | 456 | 455 | 530 | |
| Operating Profit | 59 | 26 | -6 | 26 | 62 | 64 | 46 | 49 | 2 | 21 | 10 | 69 | 88 |
| OPM % | 10.66% | 5.17% | -1.20% | 4.71% | 10.56% | 11.03% | 8.19% | 10.18% | 0.47% | 4.53% | 2.06% | 13.14% | 14.19% |
| 7 | 7 | 7 | 9 | 10 | 5 | 9 | 5 | 11 | 6 | 6 | 6 | 7 | |
| Interest | 6 | 7 | 8 | 9 | 9 | 16 | 3 | 11 | 8 | 10 | 9 | 10 | 10 |
| Depreciation | 12 | 13 | 12 | 15 | 16 | 16 | 16 | 16 | 16 | 15 | 16 | 15 | 16 |
| Profit before Tax | 48 | 14 | -20 | 11 | 46 | 36 | 35 | 27 | -11 | 2 | -9 | 49 | 95 |
| Tax % | 26.00% | 27.79% | 23.69% | 19.35% | 22.54% | 22.30% | 21.66% | 21.58% | 24.05% | 29.35% | 22.45% | 24.88% | 25.23% |
| Net Profit | 36 | 10 | -15 | 9 | 35 | 28 | 28 | 21 | -8 | 1 | -7 | 37 | 71 |
| 11.58 | 3.27 | -4.95 | 2.99 | 11.50 | 9.19 | 9.01 | 6.81 | -2.67 | 0.46 | -2.35 | 12.07 | 23.04 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,037 | 1,144 | 1,304 | 1,059 | 1,124 | 1,883 | 2,352 | 2,099 | 2,206 | 1,925 | 2,073 | |
| 874 | 877 | 1,081 | 987 | 827 | 1,480 | 2,035 | 1,994 | 1,986 | 1,823 | 1,886 | |
| Operating Profit | 163 | 267 | 223 | 72 | 296 | 402 | 318 | 105 | 221 | 102 | 187 |
| OPM % | 15.73% | 23.37% | 17.07% | 6.77% | 26.38% | 21.37% | 13.51% | 5.02% | 10.00% | 5.29% | 9.03% |
| 8 | 4 | 2 | 6 | 6 | 13 | 22 | 31 | 28 | 29 | 25 | |
| Interest | 18 | 15 | 11 | 16 | 15 | 13 | 24 | 30 | 39 | 38 | 39 |
| Depreciation | 21 | 26 | 26 | 30 | 34 | 44 | 47 | 52 | 65 | 62 | 61 |
| Profit before Tax | 132 | 231 | 186 | 32 | 254 | 359 | 269 | 54 | 144 | 31 | 137 |
| Tax % | 22.93% | 36.52% | 37.48% | 34.39% | 25.40% | 25.60% | 25.42% | 25.92% | 22.07% | 26.17% | 25.35% |
| Net Profit | 102 | 147 | 116 | 21 | 190 | 267 | 200 | 40 | 112 | 23 | 102 |
| EPS | 33.10 | 47.58 | 37.82 | 6.83 | 61.54 | 86.60 | 65.05 | 12.90 | 36.52 | 7.52 | — |
| Dividend Payout % | 9.06% | 8.41% | 10.58% | 29.27% | 12.19% | 11.55% | 15.37% | 58.16% | 27.38% | 66.49% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 7%
- 5 Years:
- 11%
- 3 Years:
- -6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -9%
- 5 Years:
- -34%
- 3 Years:
- -51%
STOCK PRICE CAGR
- 10 Years:
- 13%
- 5 Years:
- -2%
- 3 Years:
- 3%
- 1 Year:
- 27%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 12%
- 3 Years:
- 5%
- Last Year:
- 2%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| 362 | 497 | 598 | 603 | 787 | 1,030 | 1,200 | 1,209 | 1,297 | 1,290 | |
| 62 | 76 | 162 | 174 | 100 | 121 | 191 | 285 | 173 | 264 | |
| Trade Payables | 171 | 150 | 230 | 200 | 221 | 295 | 371 | 377 | 453 | 387 |
| 33 | 74 | 93 | 122 | 145 | 137 | 157 | 192 | 214 | 239 | |
| Total Liabilities | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 | 2,168 | 2,210 |
| 324 | 403 | 389 | 471 | 701 | 736 | 717 | 1,030 | 1,016 | 958 | |
| Capital Work in Progress | 11 | 26 | 216 | 267 | 41 | 18 | 232 | 3 | 41 | 173 |
| 19 | 90 | 113 | 55 | 58 | 123 | 269 | 252 | 242 | 196 | |
| 97 | 94 | 129 | 95 | 144 | 152 | 165 | 200 | 294 | 207 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 337 | 285 | 350 | |
| Cash & Bank | 30 | 21 | 25 | 36 | 43 | 108 | 178 | 175 | 183 | 159 |
| 179 | 193 | 240 | 205 | 297 | 477 | 388 | 97 | 107 | 166 | |
| Total Assets | 659 | 827 | 1,113 | 1,130 | 1,284 | 1,614 | 1,949 | 2,094 | 2,168 | 2,210 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 124 | 252 | 197 | 92 | 207 | 188 | 295 | 37 | 265 | 102 | |
| Cash from Investing | -43 | -129 | -234 | -99 | -52 | -98 | -249 | -115 | -88 | -71 |
| Cash from Financing | -50 | -67 | 58 | 35 | -80 | -19 | 21 | 48 | -136 | -96 |
| 2 | 2 | -30 | 20 | 12 | -8 | 5 | -30 | 41 | -65 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-11 - IG Petrochemicals Limited has informed the Exchange about Transcript
2026-08-07 - IG Petrochemicals Limited has informed the Exchange about Link of Recording
2026-08-07 - IG Petrochemicals Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 06, 2026. Further, the company has informed the Exchange regarding voting results.
2026-08-07 - IG Petrochemicals Limited has informed the Exchange about Investor Presentation
2026-08-06 - IG Petrochemicals Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 06, 2026
2026-08-06 - IG Petrochemicals Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-05 - IG Petrochemicals Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-03 - IG Petrochemicals Limited has informed the Exchange about Schedule of meet
2026-07-14 - IG Petrochemicals Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
News
Recent coverage and analyst commentary for IGPL
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IG Petrochemicals Ltd.
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