IG Petrochemicals Ltd. (IN:IGPL)
:IGPL
Top Page
IG Petrochemicals Ltd.
(IGPL)
Select Model
Select Model
Rating:66Neutral
Price Target:
₹411.00
▲(4.29% Upside)
Action:ReiteratedDate:03/19/26
The score is primarily supported by solid financial performance, led by improved profitability and a healthy balance sheet, partially offset by weaker consistency in cash flow. Technicals are neutral with negative MACD and the stock still below its 200-day average, while valuation is balanced by a decent dividend yield but a negative P/E that limits confidence in earnings-based valuation.
Positive Factors
Margin improvement / operational efficiency
Sustained improvement in gross and net margins indicates the company has improved operational efficiency and pricing capture. Over 2-6 months this supports stronger cash generation per unit of revenue, greater resilience to cost swings, and more room to fund capex or pay down debt.
Negative Factors
Recent revenue decline
A notable year-over-year revenue contraction signals weaker end-market demand or lost volumes. Sustained top-line decline erodes scale economics, pressures fixed-cost absorption, and can reverse margin gains unless offset by new customers or volume recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Margin improvement / operational efficiency
Sustained improvement in gross and net margins indicates the company has improved operational efficiency and pricing capture. Over 2-6 months this supports stronger cash generation per unit of revenue, greater resilience to cost swings, and more room to fund capex or pay down debt.
Read all positive factors
IG Petrochemicals Ltd. (IGPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.86B
Dividend Yield2.59%
Average Volume (3M)1.40K
Price to Earnings (P/E)―
Beta (1Y)0.98
Revenue Growth-10.71%
EPS Growth-40.89%
CountryIN
Employees517
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-3.52
Shares Outstanding30,794,850
10 Day Avg. Volume1,033
30 Day Avg. Volume1,400
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.01
Price to Sales (P/S)0.61
P/FCF Ratio10.89
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹419.00Price Target Upside6.32% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)15.1
Revenue Forecast (FY)₹20.94B
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, ...
How the Company Makes Money
IGPL primarily makes money by manufacturing phthalic anhydride and selling it to industrial customers (B2B). Revenue is generated from (1) sale of phthalic anhydride in India and (2) export sales of phthalic anhydride where applicable; pricing and...
IG Petrochemicals Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
72
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.74B | 22.06B | 20.94B | 23.52B | 18.83B | 11.24B |
| Gross Profit | 4.84B | 5.19B | 1.33B | 5.52B | 6.28B | 3.15B |
| EBITDA | 1.42B | 2.19B | 1.36B | 3.40B | 4.14B | 2.97B |
| Net Income | 325.08M | 1.09B | 395.13M | 2.00B | 2.65B | 1.88B |
Balance Sheet | ||||||
| Total Assets | 22.60B | 22.11B | 21.35B | 19.92B | 16.51B | 13.24B |
| Cash, Cash Equivalents and Short-Term Investments | 2.84B | 2.67B | 2.31B | 2.60B | 1.75B | 668.77M |
| Total Debt | 4.02B | 2.69B | 3.68B | 2.54B | 1.73B | 1.65B |
| Total Liabilities | 9.54B | 8.72B | 8.88B | 7.57B | 5.89B | 5.02B |
| Stockholders Equity | 13.06B | 13.39B | 12.47B | 12.35B | 10.62B | 8.22B |
Cash Flow | ||||||
| Free Cash Flow | -1.18B | 1.24B | -1.37B | -73.45M | 94.15M | 1.13B |
| Operating Cash Flow | -385.86M | 2.61B | 371.93M | 2.33B | 1.09B | 1.83B |
| Investing Cash Flow | -177.49M | -919.97M | -1.15B | -2.55B | -1.06B | -724.94M |
| Financing Cash Flow | 10.33M | -1.38B | 479.26M | 206.14M | -187.97M | -803.46M |
IG Petrochemicals Ltd. Technical Analysis
Positive
394.10
Price Trends
358.43
Positive
375.83
Negative
412.37
Negative
Market Momentum
2.21
Negative
53.23
Neutral
71.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGPL, the sentiment is Positive. The current price of 394.1 is above the 20-day moving average (MA) of 353.22, above the 50-day MA of 358.43, and below the 200-day MA of 412.37, indicating a neutral trend. The MACD of 2.21 indicates Negative momentum. The RSI at 53.23 is Neutral, neither overbought nor oversold. The STOCH value of 71.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:IGPL.
IG Petrochemicals Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹10.86B | -28.19 | ― | 2.59% | -10.71% | -40.89% | |
62 Neutral | ₹10.11B | 17.66 | ― | 0.52% | 28.67% | 50.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹6.37B | 10.26 | ― | 0.81% | -4.92% | 1.29% | |
57 Neutral | ₹7.52B | 3.95 | ― | 0.82% | -2.41% | 178.19% | |
46 Neutral | ₹5.97B | -2,425.33 | ― | 1.07% | -22.10% | -85.56% | |
45 Neutral | ₹20.70B | -15.05 | ― | 0.43% | -11.11% | -340.74% |
* Basic Materials Sector Average
IN:IGPL
IG Petrochemicals Ltd.
352.80
-58.25
-14.17%
IN:FAIRCHEMOR
Fairchem Organics Ltd
473.80
-413.86
-46.62%
IN:KOTHARIPET
Kothari Petrochemicals Ltd.
108.31
-47.84
-30.64%
IN:MANALIPETC
Manali Petrochemicals Limited
43.75
-14.13
-24.41%
IN:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers Ltd.
312.50
33.18
11.88%
IN:TIRUMALCHM
Thirumalai Chemicals Limited
171.70
-61.25
-26.29%
IG Petrochemicals Ltd. Corporate Events
IG Petrochemicals Files SEBI Dematerialisation Compliance Certificate for December Quarter
Jan 7, 2026
IG Petrochemicals Ltd. has submitted to stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 December 2025, as issued by its registrar and share tran...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.