I G Petrochemicals Ltd

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NSEBSE

471.058.15 (1.76%)

03:49 PM,20th Feb 2024

470.556.45 (1.39%)

04:01 PM,20th Feb 2024

BSE : 500199

NSE : IGPL

Sector : Industrials

ISIN Code : INE204A01010

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Last Updated: Feb 20 2024 | 04:01 PM IST

Market Cap (₹ Cr)

1450

Turnover (₹ Cr)

0.21

Volume (Shares)

44838

Face Value

10

52-WK High

589.70

52-WK High Date

21 Sep 2023

52-WK Low

399.00

52-WK Low Date

28 Feb 2023

All Time High

1018.60

All Time High Date

06 Oct 2021

All Time Low

2.10

All Time Low Date

23 Aug 2001

I G Petrochemicals Ltd

I G Petrochemicals (IGPL) is a petrochemical industry manufacturing Phthalic Anhydride (PA). It is an organic chemical manufactured from Orthoxylene (OX). It mainly caters to the needs of the Phthalate Plasticizers Paints PVC Compounds Dyes and Pigments Unsaturated Polyester Resins Alkyd Resins etc.I G Petrochemicals Ltd. the flagship company of the Dhanuka Group is the manufacturer of Phthalic Anhydride (PAN) with a capacity of 116110 MT per annum which is one among the largest plants in the world. The Company earlier was a 100% Export Oriented Unit (EOU) and got converted into Domestic Tariff Area (DTA) Unit from 6th November 2008. It was promoted by Mysore Petrochemicals (MPCL) together with its associate companies in technical and financial collaboration with Lurgi Germany. IGPL came out with a public issue of 1.06 cr equity shares at par aggregating Rs 10.61 cr in Sep'91. The proceeds of the issue were utilised to part-finance a Rs 61.85-cr 100% EOU for the manufacture of phthalic anhydride with a licensed capacity of 45000 tpa. The plant is located at Taloja in Maharashtra This is the largest plant for phthalic anhydride in India and compares favourably with international plant sizes of 35000 tpa. Phthalic anhydride is one of the important industrial chemical which finds application in the manufacture of plasticisers for PVC cables leather cloth PVC footwear etc. It is also used for manufacturing alkyd resins in the paint industry and the production of certain varieties of dyes and pigments.The first phase of expansion of Phthalic Anhydride plant in the existing plant at Taloja from 45000 to 60000 tpa was completed and the second phase of expansion i.e installation of new Phthalic Anhydride plant of 45000 tpa capacity was completed and trial run production was commenced.The company was awarded the ISO 9002 Certificate by Bureau Veritas Quality International (Holding) S.A. London in the year 1999-2000.Due to fall in price of Pthalic Anhydride in the international market the company incurred a heavy loss in 2001-02 and hence the networth has been eroded and the company has become a Sick unit.The Company started power generation since 19th March 2008. It finalized for expansion capacity of Phthalic Anhydride (PA) by 50000 MT thereby increasing its installed capacity from 116000 MT to 166000 MT per annum at an estimated cost of Rs 225 crores in 2010-11. The Company's expansion project of 50000 MT got completed during the year and commercial production commenced during September 2013.During the year 2016 the Company formed a wholly owned subsidiary (WOS) namely IGPL (FZE) with Sharjah Airport International Free Zone Authority UAE to manufacture Maleic Anhydride (MA) through Joint Venture. It acquired the Maleic Anhydride Business from Mysore Petro Chemicals Limited situated at Taloja in Raigad Dist. Maharashtra as a going concern on Slump sale basis with effect from 1st April 2017 for consideration of Rs 74.48 crores during year 2016-17. It commissioned Phthalic Anhydride (PA- 4) plant with an additional capacity of 53000 MTPA in December 2020. Further it commissioned and introduced the downstream product i.e. Advance Plasticizers with a capacity of 8400 MTPA.

I G Petrochemicals Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

1450

EPS - TTM (₹) [S]

22.32

P/E Ratio (X) [S]

1.16

Face Value (₹) 10
Latest Dividend (%)100.00
Latest Dividend Date 17 Aug 2023
Dividend Yield (%) 2.13
Book Value Share (₹) [S]404.48
P/B Ratio (₹) [S]1.16
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Aditya Birla SL Pure Value Fund (G) 25.95 518879 0.46
Aditya Birla SL Pure Value Fund (IDCW) 25.95 518879 0.46
Aditya Birla SL Pure Value Fund - Direct (G) 25.95 518879 0.46
Aditya Birla SL Pure Value Fund - Direct (IDCW) 25.95 518879 0.46

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

461.80

473.45

Week Low/High

451.00

502.00

Month Low/High

451.00

515.00

Year Low/High

399.00

590.00

All time Low/High

1.90

1019.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-3.45%-3.70%2.792.69%
1 Month-6.67%-6.58%2.292.90%
3 Month6.92%6.98%11.2712.71%
6 Month5.34%5.53%12.4814.95%
1 Year6.34%6.38%19.7623.70%
3 Year9.34%8.96%43.5648.16%

Company Info

Company Information

Chairman (Non-Executive) : M M Dhanuka

Managing Director & CEO : Nikunj Dhanuka

Independent Director : Rajesh Muni

Independent Director : A K A Rathi

Executive Director : J K Saboo

Independent Director : Vaijayanti Pandit

Company Sec. & Compli. Officer : Sudhir R Singh

Registered Office: T-10 3rd Floor Jairam Complex, Mala Neugi Nagar,Panaji,Goa-403001 Ph: 91-832-2434973

Email:igpetro@vsnl.com

URL:http://www.igpetro.com