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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
I G Petrochemicals Limited specializes in the production of chemicals, such as phthalic anhydride, maleic anhydride, benzoic acid and di-ethyl phthalate. Phthalic Anhydride is used in manufacturing plasticizers, which are essential in making PVC products, shoe soles, cables,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, priced for perfection — but flagged on governance.
I G Petrochemicals is scored on the general / industrial framework. It keeps a thin 0.1% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 46.04× reported profit. Free cash flow is worth about 0.7% of its market value.
Over the last 3 years revenue compounded at -6%/yr and profit at -78%/yr. Book value has been broadly flat (2.6%/yr). Return on equity is a modest 11.5%. In the latest quarter profit grew 137% versus the prior quarter.
At 487× earnings, the stock sits at the 100th percentile of its own 3-year range — the expensive end of where it has historically traded. Today's price asks for only ~0%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: 248% of pre-tax profit is other income, not operations.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 10.51 | 2.98 | worse |
| P/B | 1.2 | 2.69 | better |
| EV/EBITDA | 5.57 | 10.45 | better |
| ROE | 11.46 | — | — |
| ROCE | 14.93 | 69.92 | worse |
| ROA | 7.15 | — | — |
| Quick Ratio | 1.05 | 2.26 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Pidilite Industries | 59.1 | 14.3 | 23.9% |
| SRF | 32.3 | 4.8 | 14.9% |
| Linde India | 118.3 | 13.3 | 11.3% |
Revenue declined 13% in the latest year — a break from prior trajectory. Negative CAGR — the top line has shrunk over this window. Growth is decelerating — latest year grew slower than the year before.
Revenue is outpacing profit (-6% vs -78%) — costs are rising faster than the top line. The latest year saw a -98% swing — check if it's a one-off or structural.
Operating margin has compressed from 11% to 1% — costs or competition are eating into profitability. Interest or tax burden is shrinking — more of the operating profit is reaching the bottom line.
ROE at 0% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 16pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -78% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 46.0× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 18% sequentially — momentum is building. Run-rate stepping up — recent quarters average 23% above earlier ones.
2 of 4 quarters loss-making — quarterly profitability is uneven. Profit jumped 137% QoQ — check if this is operating leverage or a one-off item. Quarterly net margins are expanding (-0% → 11%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3y median.
Promoters hold 68.7% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.