IGPL

IG Petrochemicals Limited

Specialty and commodity chemicals manufacturer

Commodities›Chemicals›Chemicals & Petrochemicals›Commodity Chemicals

igpetro.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹573.65
Market cap
1,767 Cr
Stock P/E
21.6
P/B
1.33
Dividend yield
1.7%
ROE (FY26)
0.2%
ROCE (FY26)
3.0%
Operating margin (FY26)
1.3%
Debt / equity (FY26)
0.27
OCF / EBITDA (FY26)
108.0%
OCF / EBITDA (3Y)
95.6%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

IGPL (IG Petrochemicals) makes phthalic anhydride (PAN), maleic anhydride and related chemicals for industrial customers such as paint, plasticizer, PVC and resin makers, at one integrated complex in Taloja, Maharashtra.

Company snapshot

10thBy market cap

Ranked among 24 companies in Commodity Chemicals.

What we see

Positives
  • ✓96% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is very thin at 0.1% — little room for error if costs rise.
3 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales502 Cr488 Cr554 Cr585 Cr583 Cr558 Cr480 Cr470 Cr465 Cr465 Cr524 Cr618 Cr
Operating expenses (approx.)476 Cr494 Cr528 Cr523 Cr520 Cr511 Cr433 Cr471 Cr445 Cr457 Cr458 Cr506 Cr
EBITDA26 Cr-6 Cr26 Cr62 Cr63 Cr47 Cr47 Cr-0.69 Cr20 Cr8 Cr67 Cr112 Cr
OPM %5.2%-1.2%4.7%10.6%10.7%8.5%9.8%-0.1%4.3%1.8%12.7%18.2%
Other income7 Cr7 Cr9 Cr9 Cr4 Cr8 Cr5 Cr10 Cr6 Cr5 Cr5 Cr7 Cr
Interest7 Cr8 Cr9 Cr9 Cr16 Cr3 Cr11 Cr9 Cr11 Cr10 Cr11 Cr11 Cr
Depreciation13 Cr13 Cr15 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr16 Cr20 Cr18 Cr
Profit before tax14 Cr-20 Cr11 Cr45 Cr34 Cr36 Cr25 Cr-16 Cr-1 Cr-13 Cr40 Cr90 Cr
Tax %27.8%23.7%19.7%22.7%23.7%21.2%23.3%16.7%-41.5%16.1%30.5%26.5%
Net profit10 Cr-15 Cr9 Cr35 Cr26 Cr29 Cr19 Cr-13 Cr-2 Cr-11 Cr28 Cr66 Cr
EPS (₹)₹3.27₹-4.95₹2.93₹11.37₹8.50₹9.27₹6.16₹-4.22₹-0.65₹-3.52₹9.11₹21.57

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,136 Cr1,171 Cr1,304 Cr1,059 Cr1,124 Cr1,883 Cr2,352 Cr2,099 Cr2,206 Cr1,925 CrSign in free for the trailing twelve months
Operating expenses (approx.)967 Cr877 Cr1,078 Cr987 Cr825 Cr1,476 Cr2,035 Cr1,994 Cr1,987 Cr1,830 CrSign in free for the trailing twelve months
EBITDA168 Cr294 Cr226 Cr72 Cr299 Cr407 Cr318 Cr105 Cr219 Cr95 CrSign in free for the trailing twelve months
OPM %14.8%25.1%17.3%6.8%26.6%21.6%13.5%5.0%9.9%4.9%Sign in free for the trailing twelve months
Other income3 Cr-23 Cr8 Cr6 Cr3 Cr7 Cr22 Cr31 Cr26 Cr26 CrSign in free for the trailing twelve months
Interest18 Cr15 Cr12 Cr16 Cr15 Cr13 Cr24 Cr30 Cr39 Cr41 CrSign in free for the trailing twelve months
Depreciation21 Cr26 Cr26 Cr30 Cr34 Cr44 Cr47 Cr52 Cr65 Cr69 CrSign in free for the trailing twelve months
Profit before tax132 Cr230 Cr187 Cr32 Cr253 Cr356 Cr268 Cr53 Cr141 Cr10 CrSign in free for the trailing twelve months
Tax %23.0%36.6%37.4%34.6%25.5%25.8%25.5%26.0%22.7%78.7%Sign in free for the trailing twelve months
Net profit102 Cr146 Cr117 Cr21 Cr188 Cr265 Cr200 Cr40 Cr109 Cr2 CrSign in free for the trailing twelve months
EPS (₹)₹32.98₹94.84₹37.94₹6.78₹61.08₹85.88₹64.94₹12.83₹35.29₹0.72Sign in free for the trailing twelve months
Dividend payout %————3.2%8.6%15.2%77.9%21.2%1387.6%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr31 Cr
Reserves361 Cr497 Cr598 Cr602 Cr791 Cr1,031 Cr1,204 Cr1,216 Cr1,308 Cr1,302 Cr
Borrowings62 Cr62 Cr176 Cr187 Cr126 Cr157 Cr249 Cr365 Cr267 Cr356 Cr
Other liabilities204 Cr270 Cr350 Cr342 Cr376 Cr432 Cr508 Cr524 Cr605 Cr612 Cr
Total liabilities658 Cr860 Cr1,155 Cr1,161 Cr1,324 Cr1,651 Cr1,992 Cr2,135 Cr2,211 Cr2,300 Cr
Fixed assets (net)324 Cr401 Cr387 Cr467 Cr698 Cr733 Cr710 Cr984 Cr972 Cr911 Cr
CWIP11 Cr89 Cr283 Cr339 Cr132 Cr118 Cr349 Cr158 Cr234 Cr173 Cr
Investments17 Cr60 Cr70 Cr14 Cr17 Cr82 Cr182 Cr145 Cr135 Cr311 Cr
Loans & advances——0.61 Cr0.72 Cr0.71 Cr0.63 Cr0.88 Cr0.93 Cr2 Cr2 Cr
Inventories97 Cr94 Cr129 Cr95 Cr144 Cr152 Cr165 Cr200 Cr294 Cr207 Cr
Trade receivables150 Cr139 Cr183 Cr143 Cr199 Cr347 Cr325 Cr337 Cr285 Cr350 Cr
Cash & bank5 Cr5 Cr20 Cr8 Cr35 Cr26 Cr24 Cr10 Cr18 Cr27 Cr
Other assets55 Cr73 Cr83 Cr94 Cr98 Cr193 Cr237 Cr302 Cr271 Cr319 Cr
Total assets658 Cr860 Cr1,155 Cr1,161 Cr1,324 Cr1,651 Cr1,992 Cr2,135 Cr2,211 Cr2,300 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity94 Cr201 Cr139 Cr84 Cr183 Cr157 Cr233 Cr37 Cr261 Cr102 Cr
Cash from investing-42 Cr-164 Cr-216 Cr-104 Cr-72 Cr-158 Cr-255 Cr-115 Cr-92 Cr-89 Cr
Cash from financing-50 Cr-35 Cr58 Cr35 Cr-80 Cr-14 Cr21 Cr48 Cr-138 Cr-53 Cr
Net cash flow2 Cr2 Cr-19 Cr15 Cr30 Cr-15 Cr-2 Cr-29 Cr31 Cr-39 Cr
Free cash flow (OCF − Capex)62 Cr76 Cr-74 Cr-85 Cr113 Cr58 Cr-7 Cr-137 Cr124 Cr-61 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %33.1%41.6%24.7%5.8%28.2%30.3%19.7%5.2%11.2%3.0%
ROE %25.9%27.7%18.6%3.3%22.9%24.9%16.2%3.2%8.1%0.2%
Debtor days48435149646750594766
Inventory days48495143794534426250
Days payable857892891328776799694
Cash conversion cycle111410312258211322
OCF / EBITDA %55.7%68.2%61.4%116.5%61.4%38.6%73.2%35.3%119.2%108.0%
OCF / EBITDA % (3 years)——62.9%71.5%68.0%54.5%56.0%51.4%82.7%95.6%
Debt / equity0.160.120.280.300.150.150.200.290.200.27
Current ratio1.431.401.361.111.331.811.641.511.461.37
Net debt / EBITDA0.34—0.692.490.300.320.713.371.143.47