IG Petrochemicals Ltd. (IGPL) AI Stock Analysis

• Market Cap: ₹13.70B
• Dividend Yield: 2.59%
• Average Volume (3M): 1.40K
• Price to Earnings (P/E): 590.1
• Beta (1Y): 1.27
• Revenue Growth: -12.75%
• EPS Growth: -97.97%
• Country: IN
• Employees: 517
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 10.56
• Shares Outstanding: 30,794,850
• 10 Day Avg. Volume: 1,033
• 30 Day Avg. Volume: 1,400
• PEG Ratio: -4.70
• Price to Book (P/B): 0.77
• Price to Sales (P/S): 0.53
• P/FCF Ratio: -12.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 5.6
• Revenue Forecast (FY): ₹25.41B

• Rating: 47 Neutral
• Price Target: ₹426.00 ▲(8.09% Upside)
• Action: Reiterated
• Date: 05/21/26

Positive Factors

Specialized PAN manufacturer

IGPL’s focused business model producing phthalic anhydride creates durable specialization and customer relationships across multiple end markets (PVC, resins, plasticizers, coatings). That technical know‑how and customer exposure supports steady volume demand and barriers to entrants over months.

Negative Factors

Sharp profitability reset

A pronounced earnings collapse reduces retained earnings and return on equity, undermining reinvestment capacity and dividend sustainability. Persistent margin compression also weakens predictability of future earnings and increases reliance on commodity price cycles for recovery.

IG Petrochemicals Ltd. Business Overview & Revenue Model

Company Description

I G Petrochemicals Limited engages in the manufacture and sale of organic chemicals in India and internationally. It offers phthalic anhydride that is used in the manufacture of plasticizers, alkyd resins and paints, unsaturated polyester resins, ...

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I G Petrochemicals Limited engages in the manufacture and sale of organic chemicals in India and internationally. It offers phthalic anhydride that is used in the manufacture of plasticizers, alkyd resins and paints, unsaturated polyester resins, ...

How the Company Makes Money

IGPL primarily makes money by manufacturing and selling phthalic anhydride (PAN) to industrial customers (typically resin, plasticizer, and chemical manufacturers). Revenue is largely volume-driven (capacity utilization and sales mix) and price-dr...

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IGPL primarily makes money by manufacturing and selling phthalic anhydride (PAN) to industrial customers (typically resin, plasticizer, and chemical manufacturers). Revenue is largely volume-driven (capacity utilization and sales mix) and price-dr...

IG Petrochemicals Ltd. Financial Statement Overview

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	19.74B	19.25B	22.06B	20.94B	23.52B	18.83B
Gross Profit	4.84B	2.57B	5.19B	1.33B	5.52B	6.28B
EBITDA	1.42B	946.27M	2.19B	1.36B	3.40B	4.14B
Net Income	325.08M	22.19M	1.09B	395.13M	2.00B	2.65B
Balance Sheet
Total Assets	22.60B	23.00B	22.11B	21.35B	19.92B	16.51B
Cash, Cash Equivalents and Short-Term Investments	2.84B	2.59B	2.67B	2.31B	2.60B	1.75B
Total Debt	4.02B	3.62B	2.69B	3.68B	2.54B	1.73B
Total Liabilities	9.54B	9.68B	8.72B	8.88B	7.57B	5.89B
Stockholders Equity	13.06B	13.33B	13.39B	12.47B	12.35B	10.62B
Cash Flow
Free Cash Flow	-1.18B	-792.00M	1.24B	-1.37B	-73.45M	94.15M
Operating Cash Flow	-385.86M	837.73M	2.61B	371.93M	2.33B	1.09B
Investing Cash Flow	-177.49M	-1.09B	-919.97M	-1.15B	-2.55B	-1.06B
Financing Cash Flow	10.33M	-145.49M	-1.38B	479.26M	206.14M	-187.97M

IG Petrochemicals Ltd. Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 394.10
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGPL, the sentiment is Neutral. The current price of 394.1 is below the 20-day moving average (MA) of 443.93, below the 50-day MA of 410.09, and below the 200-day MA of 401.75, indicating a neutral trend. The MACD of 5.09 indicates Positive momentum. The RSI at 47.68 is Neutral, neither overbought nor oversold. The STOCH value of 24.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:IGPL.

IG Petrochemicals Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KOTHARIPET	80 Outperform	₹7.42B	9.98	―	0.81%	-2.99%	10.18%
MANALIPETC	73 Outperform	₹10.37B	7.94	―	0.82%	13.96%	343.65%
SHREEPUSHK	65 Neutral	₹11.82B	16.83	―	0.52%	21.13%	18.86%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
FAIRCHEMOR	52 Neutral	₹7.73B	144.06	―	1.07%	-14.55%	-74.70%
IGPL	47 Neutral	₹13.70B	590.12	―	2.59%	-12.75%	-97.97%
TIRUMALCHM	45 Neutral	₹25.75B	-15.84	―	0.43%	-11.11%	-340.74%