I G Petrochemicals Ltd
NSE:IGPL
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I G Petrochemicals Ltd
NSE:IGPL
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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 Drop: IG Petrochemicals reported Q3 revenue of INR 471 crore, down 17% year-on-year, mainly due to lower product realizations and high-cost inventory.
Profitability Hit: The company posted a Q3 net loss of INR 7 crore, with EBITDA at INR 16 crore, both impacted by compressed margins, high-cost inventory, and soft product prices.
Volume Growth: Sales volume improved by over 10% quarter-on-quarter, reaching more than 51,000 tonnes in Q3.
Margins Bottomed: Management said Q3 marked the bottom for margins and prices, with a recovery seen in January and February.
Project Progress: The advanced plasticizer plant and DEP debottlenecking are on track for mechanical completion by March 2026; CBG plant expected by June-July 2026.
Debt Management: Most euro-denominated debt was converted to rupees and a significant loan portion was repaid, reducing forex exposure.
Demand Recovery: Management is optimistic about improving demand and margins going forward, supported by trade agreements and normalization in end markets.
Guidance: Company expects to add INR 1,000 crore to annual revenue from new capacities at optimum utilization, with 30-35% incremental volume in first year.
