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Last Updated: April 2, 2026, 3:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500199 | NSE: IGPL

I G Petrochemicals Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹4,730.00Undervalued by 1,199.45%vs CMP ₹364.00

P/E (161.0) × ROE (8.5%) × BV (₹419.00) × DY (2.75%)

₹908.62Undervalued by 149.62%vs CMP ₹364.00
MoS: +59.9% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹2,281.2326%Under (+526.7%)
Graham NumberEarnings₹145.9719%Over (-59.9%)
Earnings PowerEarnings₹202.4712%Over (-44.4%)
Net Asset ValueAssets₹418.888%Under (+15.1%)
EV/EBITDAEnterprise₹640.3310%Under (+75.9%)
Earnings YieldEarnings₹22.608%Over (-93.8%)
ROCE CapitalReturns₹1,181.5210%Under (+224.6%)
Revenue MultipleRevenue₹716.316%Under (+96.8%)
Consensus (8 models)₹908.62100%Undervalued
Key Drivers: EPS CAGR -51.8% drags value — could be higher if earnings stabilize. | P/E of 161 makes PE-ROE unreliable — asset/earnings models are better benchmarks.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -51.8%

*Investments are subject to market risks

Investment Snapshot

48
I G Petrochemicals Ltd scores 48/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 11.4% AverageROE 8.5% AverageD/E 0.15 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 68.7% Stable
Earnings Quality40/100 · Moderate
OPM contracting (18% → 8%) Declining
Quarterly Momentum15/100 · Weak
Revenue (4Q): -18% YoY DecliningProfit (4Q): -93% YoY DecliningOPM: 2.1% (down 6.1% YoY) Margin pressure
Industry Rank70/100 · Strong
P/E 161.0 vs industry 633.0 Cheaper than peersROCE 11.4% vs industry 9.6% AverageROE 8.5% vs industry 4.9% Above peers3Y sales CAGR: 5% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:04 am

Market Cap 1,121 Cr.
Current Price 364
Intrinsic Value₹908.62
High / Low 520/315
Stock P/E161
Book Value 419
Dividend Yield2.75 %
ROCE11.4 %
ROE8.53 %
Face Value 10.0
PEG Ratio-3.11

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for I G Petrochemicals Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
I G Petrochemicals Ltd 1,121 Cr. 364 520/315161 4192.75 %11.4 %8.53 % 10.0
Mysore Petro Chemicals Ltd 55.3 Cr. 83.9 137/75.11,105 3332.38 %7.82 %1.30 % 10.0
Industry Average1,121.00 Cr223.95633.00376.002.57%9.61%4.92%10.00

All Competitor Stocks of I G Petrochemicals Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 518.31604.98555.29501.75488.05553.98585.14582.96558.05480.08470.05465.34465.32
Expenses 469.32541.44496.10475.82493.93527.87523.34518.66512.35431.23467.85444.27455.75
Operating Profit 48.9963.5459.1925.93-5.8826.1161.8064.3045.7048.852.2021.079.57
OPM % 9.45%10.50%10.66%5.17%-1.20%4.71%10.56%11.03%8.19%10.18%0.47%4.53%2.06%
Other Income 6.155.977.377.336.619.479.624.518.654.9610.856.276.00
Interest 9.116.516.126.628.199.489.4516.092.5510.718.2310.189.38
Depreciation 11.6712.2412.2412.6812.5014.6916.2216.2916.3816.3615.6315.1515.50
Profit before tax 34.3650.7648.2013.96-19.9611.4145.7536.4335.4226.74-10.812.01-9.31
Tax % 25.99%24.72%26.02%27.79%-23.70%19.37%22.54%22.29%21.65%21.58%-24.05%29.35%-22.45%
Net Profit 25.4338.2235.6610.08-15.249.2135.4328.3127.7520.98-8.211.42-7.22
EPS in Rs 8.2612.4111.583.27-4.952.9911.519.199.016.81-2.670.46-2.34

Last Updated: March 4, 2026, 9:12 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 11:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2041,1879531,0371,1441,3041,0591,1241,8832,3522,0992,2061,881
Expenses 1,1441,1068398698771,0789878251,4762,0341,9941,9841,799
Operating Profit 61801131682672267229940731810522382
OPM % 5%7%12%16%23%17%7%27%22%14%5%10%4%
Other Income -8-14434-264922312628
Interest 30382318151116151324303938
Depreciation 18161821262630344447526563
Profit before tax 4117713223118632254359269541449
Tax % 20%21%21%23%37%37%34%25%26%25%26%22%
Net Profit 396010214711621190267200401127
EPS in Rs 1.022.8919.6033.1047.5937.826.8361.5486.6165.0512.8936.522.26
Dividend Payout % 0%35%10%9%8%11%29%12%12%15%58%27%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)200.00%566.67%70.00%44.12%-21.09%-81.90%804.76%40.53%-25.09%-80.00%180.00%
Change in YoY Net Profit Growth (%)0.00%366.67%-496.67%-25.88%-65.21%-60.81%886.66%-764.24%-65.62%-54.91%260.00%

I G Petrochemicals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:6%
5 Years:16%
3 Years:5%
TTM:-2%
Compounded Profit Growth
10 Years:14%
5 Years:41%
3 Years:-26%
TTM:74%
Stock Price CAGR
10 Years:15%
5 Years:13%
3 Years:-9%
1 Year:-34%
Return on Equity
10 Years:16%
5 Years:15%
3 Years:9%
Last Year:9%

Last Updated: September 5, 2025, 6:50 am

Balance Sheet

Last Updated: December 10, 2025, 2:49 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 31313131313131313131313131
Reserves 2262082613624975986037871,0301,2001,2091,2971,259
Borrowings 2091531168254161197129137217337238332
Other Liabilities 298212171184245323299337416501517602551
Total Liabilities 7646045796598271,1131,1301,2841,6141,9492,0942,1682,173
Fixed Assets 3763273223244033894717027367171,0301,016961
CWIP 11411262162674118232341117
Investments 00019901135558123269252242195
Other Assets 387276252305308395336483737731809868900
Total Assets 7646045796598271,1131,1301,2841,6141,9492,0942,1682,173

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 287470951981478414510923437265
Cash from Investing Activity + -36-24-6-43-129-234-99-52-98-249-115-88
Cash from Financing Activity + 1-61-64-50-675835-80-192148-136
Net Cash Flow -6-10-122-302012-85-3041
Free Cash Flow -12476067137-61-7893205-103162
CFO/OP 47%94%76%74%94%87%127%69%46%93%43%126%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-148.00-73.00-3.0086.00213.0065.00-125.00170.00270.00101.00-232.00-15.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 534542534451496567505947
Inventory Days 493245474752428145344264
Days Payable 10072778375928912487767998
Cash Conversion Cycle 25101716113212582113
Working Capital Days -4-68201911120309812
ROCE %12%16%25%34%46%30%6%30%35%22%5%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 68.73%68.73%68.73%68.74%68.74%68.74%68.74%68.74%68.74%68.74%68.74%68.74%
FIIs 3.71%3.81%3.74%3.42%3.00%2.50%2.73%2.79%3.09%3.12%2.96%2.88%
DIIs 1.95%1.69%1.80%1.79%1.79%2.16%2.70%2.64%1.44%0.96%0.96%1.20%
Public 25.61%25.78%25.74%26.05%26.47%26.61%25.84%25.82%26.73%27.19%27.35%27.19%
No. of Shareholders 36,50136,62537,08637,39837,72636,04534,80933,61933,90134,73535,42535,243

Shareholding Pattern Chart

No. of Shareholders

I G Petrochemicals Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Aditya Birla Sun Life Pure Value Fund 474,201 0.42 28.4474,2012025-04-22 15:56:570%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 35.2912.8364.9485.8861.08
Diluted EPS (Rs.) 35.2912.8364.9485.8861.08
Cash EPS (Rs.) 56.4829.7580.34100.2872.15
Book Value[Excl.RevalReserv]/Share (Rs.) 434.70404.87400.96344.86266.90
Book Value[Incl.RevalReserv]/Share (Rs.) 434.70404.87400.96344.86266.90
Revenue From Operations / Share (Rs.) 716.35681.56763.79611.33364.83
PBDIT / Share (Rs.) 79.4244.13110.28134.2798.03
PBIT / Share (Rs.) 58.2427.2194.88119.8786.96
PBT / Share (Rs.) 45.6417.3487.12115.6982.03
Net Profit / Share (Rs.) 35.2912.8364.9485.8861.08
NP After MI And SOA / Share (Rs.) 35.2912.8364.9485.8861.08
PBDIT Margin (%) 11.086.4714.4321.9626.87
PBIT Margin (%) 8.123.9912.4219.6023.83
PBT Margin (%) 6.372.5411.4018.9222.48
Net Profit Margin (%) 4.921.888.5014.0416.74
NP After MI And SOA Margin (%) 4.921.888.5014.0416.74
Return on Networth / Equity (%) 8.113.1616.1924.9022.88
Return on Capital Employeed (%) 11.135.3119.5029.3226.92
Return On Assets (%) 4.911.8510.0416.0114.20
Long Term Debt / Equity (X) 0.120.180.130.100.10
Total Debt / Equity (X) 0.190.290.200.140.15
Asset Turnover Ratio (%) 1.021.021.311.280.91
Current Ratio (X) 1.461.511.641.811.33
Quick Ratio (X) 0.961.151.311.430.89
Inventory Turnover Ratio (X) 8.9411.5111.288.345.54
Dividend Payout Ratio (NP) (%) 21.2477.9315.398.733.27
Dividend Payout Ratio (CP) (%) 13.2733.6012.447.472.77
Earning Retention Ratio (%) 78.7622.0784.6191.2796.73
Cash Earning Retention Ratio (%) 86.7366.4087.5692.5397.23
Interest Coverage Ratio (X) 6.304.4714.2032.1020.74
Interest Coverage Ratio (Post Tax) (X) 3.802.309.3621.5313.96
Enterprise Value (Cr.) 1390.981505.601323.012186.971328.04
EV / Net Operating Revenue (X) 0.630.710.561.161.18
EV / EBITDA (X) 5.6911.083.905.294.40
MarketCap / Net Operating Revenue (X) 0.590.630.531.151.14
Retention Ratios (%) 78.7522.0684.6091.2696.72
Price / BV (X) 0.971.061.032.031.55
Price / Net Operating Revenue (X) 0.590.630.531.151.14
EarningsYield 0.080.020.150.120.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

I G Petrochemicals Ltd. is a Public Limited Listed company incorporated on 18/10/1988 and has its registered office in the State of Goa, India. Company's Corporate Identification Number(CIN) is L51496GA1988PLC000915 and registration number is 000915. Currently Company is involved in the business activities of Manufacture of organic and inorganic chemical compounds. Company's Total Operating Revenue is Rs. 2206.23 Cr. and Equity Capital is Rs. 30.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Maleic AnhydrideT-10, 3rd Floor, Jairam Complex, Panaji Goa 403001Contact not found
Management
NamePosition Held
Mr. Nikunj DhanukaChairman & Managing Director
Mr. Sagar JadhavExecutive Director
Mr. Mayank DhanukaExecutive Director & CEO
Mr. Shrikant SomaniInd.& Non Exe.Director
Mrs. Girija BalakrishnanInd.& Non Exe.Director
Mr. Jyotin MehtaInd.& Non Exe.Director

FAQ

What is the intrinsic value of I G Petrochemicals Ltd and is it undervalued?

As of 18 April 2026, I G Petrochemicals Ltd's intrinsic value is ₹908.62, which is 149.62% higher than the current market price of ₹364.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (8.53 %), book value (₹419), dividend yield (2.75 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of I G Petrochemicals Ltd?

I G Petrochemicals Ltd is trading at ₹364.00 as of 18 April 2026, with a FY2026-2027 high of ₹520 and low of ₹315. The stock is currently near its 52-week low. Market cap stands at ₹1,121 Cr..

How does I G Petrochemicals Ltd's P/E ratio compare to its industry?

I G Petrochemicals Ltd has a P/E ratio of 161, which is below the industry average of 633.00. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is I G Petrochemicals Ltd financially healthy?

Key indicators for I G Petrochemicals Ltd: ROCE of 11.4 % is moderate. Dividend yield is 2.75 %.

Is I G Petrochemicals Ltd profitable and how is the profit trend?

I G Petrochemicals Ltd reported a net profit of ₹112 Cr in Mar 2025 on revenue of ₹2,206 Cr. Compared to ₹267 Cr in Mar 2022, the net profit shows a declining trend.

Does I G Petrochemicals Ltd pay dividends?

I G Petrochemicals Ltd has a dividend yield of 2.75 % at the current price of ₹364.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in I G Petrochemicals Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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