IGPLCommodities

IG Petrochemicals Limited

Commodity Chemicals · ISIN INE204A01010 · BSE 500199 · NSE EQ · FV ₹10
Last price
₹555
+3.98%today
What this company does

IG Petrochemicals Limited operates in Commodity Chemicals, part of the Commodities sector. It booked ₹618 cr of revenue in its latest quarter (Q1 FY27) and kept 10.8% of sales as profit. It is the 9th largest of 9 Commodity Chemicals companies we track, by market value.

In the report:
68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
61

At close. Not part of the score.

Profitability & returns76

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality73

Whether reported profit actually arrives as cash

Growth & consistency31

Whether sales and profit have grown, and how steadily

Valuation86

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 31% vs last year
Promoters hold 69%
No promoter shares pledged
Strong 20% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in IGPL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹555 +3.98%
latest close · 2026-09-17
1-year return
-4.6%
52-wk low ₹42252-wk high ₹1,019
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio6.4Low
LowAverageHigh
P/B ratio1.28Moderate
Below bookModerateHigh
EV / EBITDA4.3Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.9%Strong
WeakFairStrong ▸15%
Return on capital24.5%Strong
WeakFairStrong
Net margin10.8%Decent
ThinDecentStrong
EBITDA margin19.2%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.27Comfortable
LowModerateHigh ▸1
Interest cover9.4×Strong
RiskyOkayStrong ▸5×
Current ratio1.37Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1,708 cr
Book value
₹433
EPS
₹21.57
latest quarter
Net debt
₹329 cr
owes more than its cash
Enterprise value
₹2,037 cr
EBITDA
₹475 cr
annualised
EBIT
₹405 cr
annualised
Operating margin
16.4%
Return on assets
11.6%
Earnings yield
15.56%
P/S
0.69
Sales / share
₹802.4
Tax rate
26.5%
Face value
₹10
Shares
3.1 cr
Working capital
₹242 cr
Current assets
₹889 cr
Current liabilities
₹647 cr
Delivery %
51.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Slightly expensiveMedium confidence
Median of 3 models ₹467 vs market price ₹555 — price is 19% above it
Safety cushion-18.9%(target ≥ +20%)
Models span ₹252₹586, midpoint ₹467
Model ₹467
Price ₹555
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹618 cr
Other Income₹7 cr
Total Income₹624 cr
Cost of Materials₹483 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-65 cr
Employee Benefit Expense₹30 cr
Finance Costs₹11 cr
Depreciation & Amortisation₹18 cr
Other Expenses₹58 cr
Total Expenses₹534 cr
Profit before Tax₹90 cr
Tax Expense₹24 cr
Net Profit₹66 cr
Net margin on total income10.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹418 cr66.9%
Employee benefit expense₹30 cr4.9%
Finance costs₹11 cr1.7%
Depreciation & amortisation₹18 cr2.8%
Other expenses₹58 cr9.2%
Tax expense₹24 cr3.8%
Profit for the period₹66 cr10.6%
Total income ₹624 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue465 cr524 cr618 cr
Total income471 cr529 cr624 cr
Expenses484 cr489 cr534 cr
Profit before tax-13 cr40 cr90 cr
Tax-2 cr12 cr24 cr
Net profit (owners' share)-11 cr28 cr66 cr
Net margin (owners' share, on revenue)-2.3%5.4%10.8%
EPS (₹)-3.529.1121.57
YoY (latest quarter): total income +30.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,300 cr
Shareholder equity
₹1,333 cr
parent shareholders
Total debt
₹356 cr
Cash
₹27 cr
Cash flow · H1 FY26
Operating
₹-39 cr
Investing
₹-18 cr
Financing
₹1 cr
Peer comparison
Commodity Chemicals · by market value
CompanyPriceMarket capP/E
SRF Limited₹2,536₹75,172 cr24.8
Tata Chemicals Limited₹779₹69,788 cr
Deepak Fertilizers and Petrochemicals Corporation Limited₹1,325₹16,722 cr8.5
Gujarat Narmada Valley Fertilizers and Chemicals Limited₹585₹8,597 cr6.9
Gujarat Alkalies and Chemicals Limited₹674₹4,948 cr22.5
GHCL Limited₹420₹3,862 cr8.6
J.G.Chemicals Limited₹588₹2,305 cr23.0
Thirumalai Chemicals Limited₹156₹1,876 cr
IG Petrochemicals Limitedthis company₹555₹1,708 cr6.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.90%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹5
ex 30 Jul 2026
ActionDetailEx-date
Dividend₹5 / share30 Jul 2026
Dividend₹10 / share31 Jul 2025
Dividend₹7.5 / share29 Aug 2024
Dividend₹10 / share17 Aug 2023
Dividend₹10 / share2 Aug 2022
Dividend₹7.5 / share15 Jul 2021
Who owns it · 2026-06-30
No pledge
Promoter
68.7%
FII / Foreign
2.7%
DII / Domestic
1.6%
Retail / others
27.0%
Smart-money activity
Insider trades
BoughtMAYANK DHANUKA · Promoter Group1.05 L30 Mar 26
SoldBINA DEVI DHANUKA · Promoter Group1.05 L30 Mar 26
SoldLATE MADAN MOHAN DHANUKA · Promoters1.05 L27 Mar 26
Bulk / block deals
BoughtRIKEEN P DALAL HUF · NSE1.64 L @ ₹896.035 Oct 21
SoldSHEKHAVATI INVESTMENT CORPORATION LIMITED · NSE10.28 L @ ₹480.023 Sep 18
BoughtSHEKHAVATI INVESTMENT CORPORATION LIMITED · NSE6,019 @ ₹479.123 Sep 18
Stake changes
SoldKamrup Enterprises Ltd · promoter→ 9.57% · 3.75 L28 Jun 23
SoldGembel Trade Enterprises Pvt Ltd · promoter→ 7.57% · 50,00028 Jun 23
SoldVincent (India) Ltd · promoter→ 15.40% · 1.46 L28 Jun 23
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 15 Dec 2025
See the official result
1
Appointment of Shri Sanjoy Datta (DIN 00499015) as an Independent Director
Backed by 95% of shareholders other than promotersneeded 75%
5.43 L votes for, 28,452 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 19 named members
owning 68.7% between them · as of 2026-06-30
VINCENT INDIA LIMITED15.40%
MYSORE PETRO CHEMICALS LIMITED13.23%
SHEKHAVATI INVESTMENT CORPORATION LIMITED11.61%
KAMRUP ENTERPRISES LIMITED9.57%
GEMBEL TRADE ENTERPRISES PRIVATE LIMITED7.57%
SAVITA INVESTMENT COMPANY LTD6.60%
BIHARIJI CONSTRUCTIONS (INDIA) LIMITED1.79%
MAYANK DHANUKA1.61%
Business done with them
FY2026 · 2 of the group
The company paid ₹17 cr to companies in the promoter group last year — about 0.9% of its ₹1,925 cr revenue and received ₹30 cr back from them.
MYSORE PETRO CHEMICALS LIMITED
Sold goods to them · Detailed as provided in Note no.40 of financials
also owns 13.23% of the company
₹30 cr
company received
MYSORE PETRO CHEMICALS LIMITED
Bought property or assets from them · Detailed as provided in Note no.40 of financials
also owns 13.23% of the company
₹15 cr
company paid
Madan Mohan Dhanuka
Other payments to them · Detailed as provided in Note no.40 of financials
₹2 cr
company paid

The company also transacted with 4 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.