I G Petrochemicals Ltd
NSE:IGPL
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
I G Petrochemicals Ltd
IG Petrochemicals Ltd. is a holding company, which engages in the manufacture and sale of organic chemicals. The company is headquartered in Mumbai, Maharashtra and currently employs 461 full-time employees. The company is engaged in a single business segment of manufacture and sale of organic chemicals. IGPL produces maleic anhydride through wash water generated out of the production process. The company is used in the manufacturing of unsaturated polyester resin which is used in automobiles, tanks and pipes, epoxy resin, lubricating oil additives and in food industries. Its aleic anhydride product is used in agro and food businesses. Its benzoic acid product is an organic compound, a colorless crystalline solid and a simple aromatic carboxylic acid. The company is used in the manufacture of paints, dyes and plastics as well as the manufacture of unsaturated polyester resin. Its also produces diethyl phthalate used as a plasticizer in consumer goods, including plastic packaging films, in-cosmetics formulation, solvent for fragrances, a surface lubricant in food and pharmaceutical packaging.
IG Petrochemicals Ltd. is a holding company, which engages in the manufacture and sale of organic chemicals. The company is headquartered in Mumbai, Maharashtra and currently employs 461 full-time employees. The company is engaged in a single business segment of manufacture and sale of organic chemicals. IGPL produces maleic anhydride through wash water generated out of the production process. The company is used in the manufacturing of unsaturated polyester resin which is used in automobiles, tanks and pipes, epoxy resin, lubricating oil additives and in food industries. Its aleic anhydride product is used in agro and food businesses. Its benzoic acid product is an organic compound, a colorless crystalline solid and a simple aromatic carboxylic acid. The company is used in the manufacture of paints, dyes and plastics as well as the manufacture of unsaturated polyester resin. Its also produces diethyl phthalate used as a plasticizer in consumer goods, including plastic packaging films, in-cosmetics formulation, solvent for fragrances, a surface lubricant in food and pharmaceutical packaging.
Revenue: Q2 revenue was INR 473 crores, slightly higher than last quarter but down year-over-year.
Profitability: Net profit for the quarter was INR 1.4 crores, significantly impacted by one-off charges and lower product realizations.
Margins: Gross margin improved over Q1, with spreads for Phthalic Anhydride rising to $120–$150 per tonne from $100–$120 in Q1.
CapEx & Expansion: Plasticizer plant commissioning expected by March 2026, with ramp-up and revenue contribution starting Q1 FY27.
Biofuel Entry: IGPL is entering the compressed biogas (CBG) business via a 100% subsidiary, with pilot project commissioning targeted for June/July and expected revenue of INR 16–22 crores.
Balance Sheet: IGPL remains net debt-free after prepaying INR 40–50 crores of debt and converting most euro loans to rupee, limiting FX volatility.
Demand & Outlook: Annual phthalic production guidance of 2 lakh tonnes (+/-5%) is maintained, despite near-term downstream and export market headwinds.
Investment Property: A London property worth INR 215 crores is up for sale, with expected realization of INR 100–150 crores.
