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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of I G Petrochemicals Ltd

About the Company - I G Petrochemicals Ltd

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. 1882.77 Cr. and Equity Capital is Rs. 30.80 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Chemicals - Organic - Maleic AnhydrideT-10, 3rd Floor, Jairam Complex, Panaji Goa 403001igpl@igpetro.com
http://www.igpetro.com
Management
NamePosition Held
Mr. M M DhanukaNon Executive Chairman
Mr. Nikunj DhanukaManaging Director & CEO
Mr. J K SabooExecutive Director
Mr. Rajesh MuniIndependent Director
Dr. A K A RathiIndependent Director
Dr. Vaijayanti PanditIndependent Director

I G Petrochemicals Ltd. Share Price Update

Share PriceValue
Today₹476.90
Previous Day₹474.10

Basic Stock Data of I G Petrochemicals Ltd

Market Cap 1,471 Cr.
Current Price 478
High / Low590/393
Stock P/E21.4
Book Value 404
Dividend Yield2.09 %
ROCE21.8 %
ROE17.2 %
Face Value 10.0

Data Source: screener.in

Competitors of I G Petrochemicals Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Industry Average0 Cr0000%0%0%0

I G Petrochemicals Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales242315424387471507517660569518605555502
Expenses201218280304374395404540484469541496476
Operating Profit429614584971121131208549645926
OPM %17%31%34%22%21%22%22%18%15%9%10%11%5%
Other Income1122332466677
Interest4515234459767
Depreciation881011111112121212121213
Profit before tax318513570881011001097534514814
Tax %24%25%25%25%25%25%26%25%26%26%25%26%28%
Net Profit236310052667574815525383610
EPS in Rs7.6120.5332.6216.9621.3524.3923.9126.4017.988.2612.4111.583.27

I G Petrochemicals Ltd Quarterly Chart

I G Petrochemicals Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8869701,2041,1879531,0371,1441,3041,0591,1241,8832,3522,180
Expenses8439141,1441,1068398698771,0789878251,4762,0341,983
Operating Profit4357618011316826722672299407318198
OPM %5%6%5%7%12%16%23%17%7%27%22%14%9%
Other Income3-22-8-14434-26492227
Interest15173038231815111615132428
Depreciation15141816182126263034444749
Profit before tax1744117713223118632254359269147
Tax %20%21%20%21%21%23%37%37%34%25%26%25%
Net Profit133396010214711621190267200109
EPS in Rs4.321.001.022.8919.6033.1047.5937.826.8361.5486.6165.0535.52
Dividend Payout %0%0%0%35%10%9%8%11%29%12%12%15%

I G Petrochemicals Ltd Profit & Loss Yearly Chart

I G Petrochemicals Ltd Growth

Compounded Sales Growth
10 Years:9%
5 Years:16%
3 Years:30%
TTM:-3%
Compounded Profit Growth
10 Years:23%
5 Years:6%
3 Years:115%
TTM:-62%
Stock Price CAGR
10 Years:38%
5 Years:15%
3 Years:1%
1 Year:10%
Return on Equity
10 Years:21%
5 Years:20%
3 Years:23%
Last Year:17%

I G Petrochemicals Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital31313131313131313131313131
Reserves2282272262082613624975986037871,0301,2001,215
Borrowings161722091531168254161197129137217337
Other Liabilities183192298212171184245323299337416501474
Total Liabilities4586227646045796598271,1131,1301,2841,6141,9492,057
Fixed Assets216172376327322324403389471702736717703
CWIP1817211411262162674118232296
Investments0000019901135558123269283
Other Assets223279387276252305308395336483737731774
Total Assets4586227646045796598271,1131,1301,2841,6141,9492,057

I G Petrochemicals Ltd Reserves and Borrowings Chart

I G Petrochemicals Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 32292874709519814784145109234
Cash from Investing Activity -18-134-36-24-6-43-129-234-99-52-98-249
Cash from Financing Activity 81091-61-64-50-675835-80-1921
Net Cash Flow225-6-10-122-302012-85

I G Petrochemicals Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days434753454253445149656750
Inventory Days283649324547475242814534
Days Payable67811007277837592891248776
Cash Conversion Cycle322510171611321258
Working Capital Days13139182119203203416
ROCE %12%14%12%16%25%34%46%30%6%30%35%22%

I G Petrochemicals Ltd Financial Efficiency Indicators Chart

I G Petrochemicals Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters68.74%68.74%68.74%68.74%68.74%68.74%68.74%68.73%68.73%68.73%68.73%68.73%
FIIs0.56%0.90%2.37%2.98%3.02%3.22%3.44%3.45%3.56%3.71%3.81%3.74%
DIIs4.40%3.05%2.64%1.98%1.87%1.86%1.97%2.05%2.03%1.95%1.69%1.80%
Public26.30%27.31%26.25%26.30%26.38%26.18%25.86%25.75%25.69%25.61%25.78%25.74%
No. of Shareholders27,55429,27539,05937,04538,62336,76536,18338,02637,01036,50136,62537,086

I G Petrochemicals Ltd Shareholding Pattern Chart

No. of I G Petrochemicals Ltd Shareholders

I G Petrochemicals Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Aditya Birla Sun Life Pure Value Fund5188790.4523.16

I G Petrochemicals Ltd ROCE Trend

I G Petrochemicals Ltd EPS Trend

I G Petrochemicals Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)64.9485.8861.086.7837.94
Diluted EPS (Rs.)64.9485.8861.086.7837.94
Cash EPS (Rs.)80.34100.2872.1516.4946.54
Book Value[Excl.RevalReserv]/Share (Rs.)400.96344.86266.90205.44204.26
Book Value[Incl.RevalReserv]/Share (Rs.)400.96344.86266.90205.44204.26
Revenue From Operations / Share (Rs.)763.79611.33364.83343.72423.31
PBDIT / Share (Rs.)110.28134.2798.0325.3575.85
PBIT / Share (Rs.)94.88119.8786.9615.6467.25
PBT / Share (Rs.)87.12115.6982.0310.3660.62
Net Profit / Share (Rs.)64.9485.8861.086.7837.95
NP After MI And SOA / Share (Rs.)64.9485.8861.086.7837.94
PBDIT Margin (%)14.4321.9626.877.3717.91
PBIT Margin (%)12.4219.6023.834.5415.88
PBT Margin (%)11.4018.9222.483.0114.32
Net Profit Margin (%)8.5014.0416.741.978.96
NP After MI And SOA Margin (%)8.5014.0416.741.978.96
Return on Networth / Equity (%)16.1924.9022.883.2918.57
Return on Capital Employeed (%)19.5029.3226.925.5525.21
Return On Assets (%)10.0416.0114.201.7910.11
Long Term Debt / Equity (X)0.130.100.100.230.17
Total Debt / Equity (X)0.200.140.150.290.28
Asset Turnover Ratio (%)1.311.280.910.921.32
Current Ratio (X)1.641.811.331.111.36
Quick Ratio (X)1.311.430.890.780.97
Inventory Turnover Ratio (X)11.288.345.547.268.22
Dividend Payout Ratio (NP) (%)15.398.733.2758.9910.54
Dividend Payout Ratio (CP) (%)12.447.472.7724.258.59
Earning Retention Ratio (%)84.6191.2796.7341.0189.46
Cash Earning Retention Ratio (%)87.5692.5397.2375.7591.41
Interest Coverage Ratio (X)14.2032.1020.744.8919.24
Interest Coverage Ratio (Post Tax) (X)9.3621.5313.962.3211.31
Enterprise Value (Cr.)1323.012186.971328.04422.811060.16
EV / Net Operating Revenue (X)0.561.161.180.390.81
EV / EBITDA (X)3.905.294.405.424.54
MarketCap / Net Operating Revenue (X)0.531.151.140.260.70
Retention Ratios (%)84.6091.2696.7241.0089.45
Price / BV (X)1.032.031.550.451.46
Price / Net Operating Revenue (X)0.531.151.140.260.70
EarningsYield0.150.120.140.070.12

I G Petrochemicals Ltd Profitability Ratios (%)

I G Petrochemicals Ltd Liquidity Ratios

I G Petrochemicals Ltd Liquidity Ratios (%)

I G Petrochemicals Ltd Interest Coverage Ratios (%)

I G Petrochemicals Ltd Valuation Ratios

Fair Value of I G Petrochemicals Ltd Stock

Fair Value: ₹1518.12

The stock is undervalued by 217.60% compared to the current price ₹478

*Investments are subject to market risks

Strength and Weakness of I G Petrochemicals Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 23.50%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 14.75, which is a positive sign.
  3. The company has higher reserves (572.46 cr) compared to borrowings (152.31 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (217.00 cr) and profit (132.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 76.92 and average Dividend Yield of 15.25%.
  2. The stock has a high average Cash Conversion Cycle of 10.25, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

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