I G PETROCHEMICALS’s
BSE Code: 500199
Last close: 37.60
I G PETROCHEMICALS’s principal business revolves around the production of Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities, Alkyd Resins for manufacturing of paints, as an intermediate in production of dyes and pigments, and in production of Unsaturated Polyester Resins (UPRs). Company constantly strives to grow and expand as an organization, setting new standards for themselves. In 1997, company enhanced it’s production capacity from 45,000 MTPA to 1,10,000 MTPA to tap growing national and export markets.
It has an equity base of Rs.30.80 cr. that is supported by huge reserves of around Rs.184 cr. and it has a book value of around Rs.56.40. The promoters hold 62.38%, non promoter corporate bodies hold 11.96 while the investing public holds only 23.80% stake in IGPL. For Q2FY10, it recorded net sales of Rs.141.52crore, while it has recorded net profit of Rs.8.56crore against Rs.8lacs in Q2FY09 (Profit zoomed 10600% on Quarterly basis). For H1FY10, it recorded net sales of Rs.287.84crore with net profit of Rs.16.80crore against net sales of Rs.318.86crore and net profit of Rs.5.12crore in H1FY09 respectively (Profit zoomed 228% on Half yearly basis). The quarterly EPS was Rs.2.78 while the half-yearly EPS was Rs.5.46. The stock is available at a
forward P/E ratio of just 3.6. Investor can buy this stock with stop loss of Rs.33. on the upper side stock will go up to Rs.50 in the short-term and Rs.70-75 levels in the medium-term.
Last close: 37.60
I G PETROCHEMICALS’s principal business revolves around the production of Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities, Alkyd Resins for manufacturing of paints, as an intermediate in production of dyes and pigments, and in production of Unsaturated Polyester Resins (UPRs). Company constantly strives to grow and expand as an organization, setting new standards for themselves. In 1997, company enhanced it’s production capacity from 45,000 MTPA to 1,10,000 MTPA to tap growing national and export markets.
It has an equity base of Rs.30.80 cr. that is supported by huge reserves of around Rs.184 cr. and it has a book value of around Rs.56.40. The promoters hold 62.38%, non promoter corporate bodies hold 11.96 while the investing public holds only 23.80% stake in IGPL. For Q2FY10, it recorded net sales of Rs.141.52crore, while it has recorded net profit of Rs.8.56crore against Rs.8lacs in Q2FY09 (Profit zoomed 10600% on Quarterly basis). For H1FY10, it recorded net sales of Rs.287.84crore with net profit of Rs.16.80crore against net sales of Rs.318.86crore and net profit of Rs.5.12crore in H1FY09 respectively (Profit zoomed 228% on Half yearly basis). The quarterly EPS was Rs.2.78 while the half-yearly EPS was Rs.5.46. The stock is available at a
forward P/E ratio of just 3.6. Investor can buy this stock with stop loss of Rs.33. on the upper side stock will go up to Rs.50 in the short-term and Rs.70-75 levels in the medium-term.
Source: Internet (Valuenotes by ProfitTrack.com)
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