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I G Petrochemicals Ltd logo

I G Petrochemicals Ltd

NSE: IGPL BSE: 500199

361.30

(0.50%)

Tue, 10 Mar 2026, 05:04 am

I G Petrochemicals Analysis

dividend

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Pros

  • Dividends paid are well covered by earnings (2.8x coverage).
  • I G Petrochemicals's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).
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Cons

  • Dividend payments have increased, but I G Petrochemicals only paid a dividend in the past 5 years.
  • Whilst dividend payments have been stable, I G Petrochemicals has been paying a dividend for less than 10 years.
  • I G Petrochemicals's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

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Pros

  • I G Petrochemicals is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • I G Petrochemicals is profitable, therefore cash runway is not a concern.
  • I G Petrochemicals is profitable, therefore cash runway is not a concern.
  • Debt is well covered by operating cash flow (52.4%, greater than 20% of total debt).
  • Debt is covered by short term assets, assets are 1.6x debt.
  • I G Petrochemicals's cash and other short term assets cover its long term commitments.
  • The level of debt compared to net worth has been reduced over the past 5 years (64.1% vs 36.2% today).
  • Interest payments on debt are well covered by earnings (EBIT is 7.8x coverage).
  • I G Petrochemicals's level of debt (36.2%) compared to net worth is satisfactory (less than 40%).
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Cons

  • High level of physical assets or inventory.

management

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Pros

  • The average tenure for the I G Petrochemicals board of directors is over 10 years, this suggests they are a seasoned and experienced board.
  • Nikunj's compensation has been consistent with company performance over the past year, both up more than 20%.
  • The tenure for the I G Petrochemicals management team is about average.
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Cons

  • Nikunj's remuneration is higher than average for companies of similar size in India.

misc

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Pros

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    Cons

    • I G Petrochemicals is not covered by any analysts.
    • I G Petrochemicals has significant price volatility in the past 3 months.

    past

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    Pros

    • I G Petrochemicals's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
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    Cons

    • I G Petrochemicals's 1-year earnings growth is negative, it can't be compared to the 5-year average.
    • I G Petrochemicals used its assets less efficiently than the IN Chemicals industry average last year based on Return on Assets.
    • I G Petrochemicals's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
    • I G Petrochemicals has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
    • I G Petrochemicals's 1-year earnings growth is negative, it can't be compared to the IN Chemicals industry average.

    value

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    Pros

    • I G Petrochemicals is good value based on assets compared to the IN Chemicals industry average.
    • NSEI:IGPL is up 8.3% outperforming the Chemicals industry which returned 6.9% over the past month.
    • NSEI:IGPL is up 8.3% along with the India market (8%) over the past month.
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    Cons

    • I G Petrochemicals's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
    • I G Petrochemicals's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
    • I G Petrochemicals is overvalued based on earnings compared to the IN Chemicals industry average.
    • I G Petrochemicals is overvalued based on earnings compared to the India market.
    • IGPL underperformed the Chemicals industry which returned 2.2% over the past year.
    • IGPL underperformed the Market in India which returned -14.5% over the past year.

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