India Glycols Ltd.

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indiaglycols.comBSE: 500201NSE: INDIAGLYCO

Market Cap₹ 1,982 Cr.

Current Price

High / Low₹ 1,222 / 217

Stock P/E6.3

Book Value₹ 449

Price to Book1.94

Dividend Yield2.54 %

ROCE12.7 %

ROE11.3 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Potable Spirits: 70.7% • Bio-Fuel: 15.0% • Chemicals: 12.2%

AI Sector View

AI GENERATED

Fast Moving Consumer Goods

Hold

Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.

Confidence

62%

View full sector analysis →

PROS

Company has delivered good profit growth of 21.8% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 32.2% YoY, showing strong momentum
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.25x)
Company has a consistent dividend-paying track record
Attractively priced for its growth - PEG of 0.2

CONS

Company has a low return on capital employed of 12.0%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Fast Moving Consumer GoodsAlcoholBreweries & Distilleries

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	UNITDSPR	1397.20	53.94	101625.46	1.22	463.00	11.03	6122.00	-2.75	27.86	7.01
2.	RADICO	4366.95	83.16	58509.44	0.21	229.60	75.91	5867.69	10.43	22.64	6.07
3.	UBL	1255.85	83.93	33205.32	0.80	166.28	-9.65	5919.44	10.01	11.92	4.77
4.	ABDL	631.85	79.98	17673.49	0.85	45.42	-18.65	1809.15	1.85	18.53	6.38
5.	TI	520.50	0.00	12903.09	0.19	31.59	-64.31	2252.43	160.74	4.31	7.50
6.	PICCADIL	602.65	42.27	5940.45	0.17	21.43	16.30	270.50	18.78	18.01	16.20
7.	TRUALT	416.30	24.05	3569.88	0.00	592.71	12444.13	6268.83	1962.85	10.57	21.18
8.	GLOBUSSPR	839.60	26.27	2641.49	0.78	26.48	49.69	1151.88	21.05	11.34	6.66
9.	GMBREW	908.50	13.23	2075.64	0.99	37.74	—	802.90	21.08	20.40	5.79
10.	INDIAGLYCO	295.70	6.27	1981.98	2.54	96.83	32.19	2988.44	19.39	12.73	6.36
11.	SDBL	70.03	0.00	1455.93	0.00	1.56	-96.29	609.19	-31.13	18.52	2.46
12.	ASALCBR	677.55	16.46	1360.47	0.30	178.31	653.99	2863.03	959.58	18.06	10.43

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	1,894	1,870	2,119	2,039	2,283	2,144	2,424	2,189	2,503	2,412	2,551	2,360	2,988
	1,794	1,774	2,017	1,934	2,157	2,028	2,300	2,043	2,353	2,255	2,376	2,194	2,887
Operating Profit	100	96	102	105	126	116	124	146	150	158	175	166	102
OPM %	5.28%	5.11%	4.83%	5.13%	5.50%	5.40%	5.10%	6.67%	5.98%	6.53%	6.88%	7.06%	3.41%
	6	11	5	5	3	4	6	2	1	2	-0	1	0
Interest	28	29	31	33	36	40	44	45	45	49	47	26	25
Depreciation	21	28	26	26	28	28	27	33	34	38	41	41	42
Profit before Tax	58	49	49	51	65	53	58	70	72	72	87	99	123
Tax %	21.80%	24.56%	24.94%	26.48%	23.52%	26.12%	25.22%	25.24%	24.03%	25.75%	26.38%	25.71%	21.20%
Net Profit	0	0	0	0	60	50	57	64	73	65	68	87	97
	16.52	12.27	13.45	13.63	19.50	8.03	9.17	10.34	23.66	10.51	10.79	13.64	14.45

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	2,500	3,034	3,357	2,735	2,317	2,868	2,651	3,294	3,768	4,211	10,312
	2,310	2,813	2,945	2,462	2,052	2,745	2,355	2,892	3,257	3,562	9,710
Operating Profit	190	222	411	274	265	123	296	402	511	649	602
OPM %	7.59%	7.31%	12.25%	10.01%	11.44%	4.30%	11.15%	12.22%	13.56%	15.42%	5.83%
	60	131	29	17	21	378	55	29	16	5	3
Interest	133	131	150	100	87	73	103	123	166	168	148
Depreciation	72	73	76	78	80	80	94	101	115	155	163
Profit before Tax	45	147	213	113	120	369	165	223	292	377	382
Tax %	22.11%	34.41%	37.77%	33.60%	9.36%	10.68%	14.52%	22.53%	21.00%	22.39%	24.42%
Net Profit	35	97	133	75	109	330	141	173	231	293	289
EPS	11.32	31.18	42.83	37.03	42.51	109.77	45.55	55.87	74.58	43.68	—
Dividend Payout %	8.84%	12.83%	14.01%	16.20%	14.12%	6.83%	18.56%	14.32%	13.41%	17.17%	—

COMPOUNDED SALES GROWTH

10 Years:: 6%
5 Years:: 13%
3 Years:: 17%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: 17%
3 Years:: 33%

STOCK PRICE CAGR

10 Years:: 19%
5 Years:: -3%
3 Years:: -6%
1 Year:: -65%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 12%
3 Years:: 10%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	34
Minority Interest	0	0	0	0	0	-19	0	0	0	0
	721	814	932	1,003	1,138	1,761	1,870	2,020	2,225	2,899
	1,629	1,287	1,380	1,316	1,434	1,267	1,272	1,135	1,599	1,455
Trade Payables	579	781	743	722	581	642	752	1,099	979	788
	533	509	699	1,014	936	950	933	1,331	1,342	1,347
Total Liabilities	3,492	3,421	3,784	4,086	4,119	4,631	4,858	5,617	6,176	6,523
	2,110	2,155	2,165	2,220	2,185	2,310	2,709	3,198	3,827	4,553
Capital Work in Progress	91	89	137	172	126	243	125	84	98	37
	25	24	21	26	27	336	318	335	381	389
	518	448	647	682	610	693	754	1,106	1,171	891
	0	0	0	0	0	0	0	384	365	351
Cash & Bank	29	59	116	92	98	102	113	138	77	50
	718	646	698	894	1,074	947	839	371	256	253
Total Assets	3,492	3,421	3,784	4,086	4,119	4,631	4,858	5,617	6,176	6,523

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	300	503	152	333	99	112	376	439	362	769
Cash from Investing	-40	-103	-128	-151	-148	76	-330	-503	-736	-767
Cash from Financing	-263	-399	3	-216	11	-189	-1	90	354	23
	-1	-0	22	-23	-0	4	-5	25	-20	25

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	61.01	61.01	61.01	61.01	61.01	61.01	59.63	59.63	59.63
	1.75	2.90	2.44	2.24	3.44	2.62	2.42	2.27	2.24
	0.09	1.93	1.99	0.90	1.38	1.33	4.89	4.86	4.88
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	37.15	34.15	34.55	35.84	34.17	35.04	33.05	33.23	33.24

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Updates

2026-09-08 - India Glycols Limited has informed the Exchange regarding 'Material Update in Connection with Ennature Bio Pharma Limited'.

2026-09-08

Updates

2026-09-08 - India Glycols Limited has informed the Exchange regarding 'Material Update in Connection with IGL Spirits Limited'.

2026-09-07

Updates

2026-09-07 - India Glycols Limited has informed the Exchange regarding 'Intimation of Schedule of Analyst / Institutional Investor Meeting.'.

2026-09-07

Updates

2026-09-07 - India Glycols Limited has informed the Exchange regarding 'Material Update in Connection with Ennature Bio Pharma Limited with reference to Observation letter no. NSE/LIST/48932 dated 17th November, 2025 and no. DCS/AMAL/TS/R37/3905/2025-26 dated 19th November, 2025 ("Observation Letters"), issued by the National Stock Exchange of India Limited and BSE Limited (collectively the "Stock Exchanges"), respectively, received in relation to the Scheme of Arrangement.'.

2026-09-07

Updates

2026-09-07 - India Glycols Limited has informed the Exchange regarding 'Material Update in Connection with IGL Spirits Limited with reference to Observation letter no. NSE/LIST/48932 dated 17th November, 2025 and no. DCS/AMAL/TS/R37/3905/2025-26 dated 19th November, 2025 ("Observation Letters"), issued by the National Stock Exchange of India Limited and BSE Limited (collectively the "Stock Exchanges"), respectively, received in relation to the Scheme of Arrangement.'.

2026-09-02

Investor Presentation

2026-09-02 - India Glycols Limited has informed the Exchange about Investor Presentation

2026-09-02

Investor Presentation

2026-09-02 - India Glycols Limited has informed the Exchange about Investor Presentation

2026-09-02

Investor Presentation

2026-09-02 - India Glycols Limited has informed the Exchange about Investor Presentation

2026-09-02

Investor Presentation

2026-09-02 - India Glycols Limited has informed the Exchange about Investor Presentation