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I G Petrochemicals Ltd

I G Petrochemicals Ltd (IGPL)

₹485.9▲1.53%

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Overview

Fundamentals

Q3 '23 Results

Technicals

News and Events

I G Petrochemicals Ltd share Performance

₹482.35
₹500.45
₹485.9
0.73%
Low
Day's Volatility:3.73%
High
2.99%
₹402.5
₹589.7
₹485.9
17.16%
Low
52 Weeks Volatility:38.53%
High
21.36%

Returns %
1 Month Return	-4.4 %
3 Month Return	+ 7.44 %
1 Year Return	+ 0.93 %

Market Stats
Previous Close	₹₹493.45
Open	₹₹494.95
Volume	₹33.57K
Upper Circuit	₹-
Lower Circuit	₹-
Market Cap	₹₹1,519.57Cr

Analyst Rating

based on 1 analysts

BUY

100.00%

Buy

0.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for I G Petrochemicals Ltd. An average target of ₹654

Source: S&P Global Market Intelligence

Company Information

I G Petrochemicals (IGPL) is a company that was set up in 1988 by Mysore Petrochemicals, in partnership with Lurgi Germany. Led by S S Dhanuka as the Chairman, it raised Rs. 10.61 crores in 1991 by issuing 1.06 crore equity shares of par value at Rs. 10.61 crore, to help finance the construction of a 100 EOU manufacturing plant for Phthalic Anhydride at Taloja, Maharashtra. This is one of India's largest plants for Phthalic Anhydride and is on par with 35,000 TPA plants in the international market. It is mainly used for plasticizers, PVC cables, leather cloth, PVC footwear, alkyd resins, paint industry, varieties of dyes and pigments. The plant was successfully expanded from 45,000 MTPA to 60,000TPA and also an additional 45,000TPA plant was installed. The company was awarded the ISO 9002 Certificate in 1999-2000, however due to a global fall in Pthalic Anhydride prices, the company incurred a heavy loss and has become a Sick unit.

Share Price: ₹485.90 per share as on 16 May, 2024 04:01 PM
Market Capitalisation: ₹1,519.57Cr as of today
Revenue: ₹488.05Cr as on December 2023 (Q4 23)
Net Profit: ₹-15.24Cr as on December 2023 (Q4 23)
Listing date: 30 Nov, 1994
Chairperson Name: M M Dhanuka

Organisation	I G Petrochemicals Ltd
Headquarters	Mumbai
Industry	Chemicals
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Key events for I G Petrochemicals Ltd

I G Petrochemicals Ltd Shares Gain 26% in a Month - 01 May, 2024
Shares of I G Petrochemicals Ltd have gained 26% in the last month, with a full year gain of 12%. However, declining earnings may be causing a reduced P/E ratio and lack of excitement for future share price direction.
I G Petrochemicals Ltd Shows Modest Growth - 05 Apr, 2024
Despite a 62% rise in share price over the past five years, I G Petrochemicals' earnings per share have decreased by 10% annually. However, revenue growth of 20% per year is viewed positively. The TSR over the last 5 years was 75%, better than the share price return mentioned above.

Fundamentals of I G Petrochemicals Ltd

Insights on I G Petrochemicals Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

POSITIVE IMPACT
Price Rise
In the last 3 years, IGPL stock has moved up by 1.4%
POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 26.06% to 26.47% in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 3 years, Solar Industries India Ltd has given 586.0% return, outperforming this stock by 584.6%
NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 68.74% of holdings in Mar 2024 quarter
NO EFFECT
Against Peers
In the last 1 year, Linde India Ltd has given 124.6% return, outperforming this stock by 123.7%
NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 4 quarters, 610.85 Cr → 494.65 Cr (in ₹), with an average decrease of 6.8% per quarter
NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 4 quarters, 38.15 Cr → -15.24 Cr (in ₹), with an average decrease of 109.8% per quarter
NEGATIVE IMPACT
FII Holding Down
Foreign Institutions have decreased holdings from 3.42% to 3.01% in Mar 2024 quarter