I G Petrochemicals Ltd. News and Updates

Name: Latest research reports of I G Petrochemicals Ltd. authored by BP Wealth and published by - Trendlyne research reports.
Item: I G Petrochemicals Ltd.
Rating: 5
Author: BP Wealth

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I G Petrochemicals Ltd.

18 Jun 2019, 12:00AM

438.55

0.69%

Result Update:I G Petrochems

Results Update: I G Petrochemicals Ltd.

Axis Direct

IG Petrochemicals (IGPL) in Q4FY19 posted flattish revenues at Rs. 313Cr. Although volume grew 7% for PAN and +77% for MA on a YoY basis while significant decline in PAN/OX spreads led revenues to remain flat YoY.

I G Petrochemicals Ltd. is trading below all available SMAs

I G Petrochemicals Ltd.

14 Jun 2019

438.55

0.69%

Result Update:I G Petrochems

Results Update: I G Petrochemicals Ltd.

Axis Direct

I G Petrochemicals Ltd. has lost -29.76% in the last 1 Year

I G Petrochemicals Ltd.

28 May 2019

438.55

0.69%

BP Equities IG Petrochemicals Ltd Q4FY19 Result Update

Buy: I G Petrochemicals Ltd.

BP Wealth

IG Petrochemicals Ltd (IGPL), for Q4FY19, reported depressed performance. Revenue growth remains flat at 0.1% YoY to INR 3,131mn (est INR 3,221mn). EBITDA decline by 42.5% YoY to INR 367mn (est INR440mn) with 866bps YoY contraction in margin from 20.4% in Q4FY18 to 11.7% in Q4FY19 (est.13.6%) mainly due to decline in gross margins led by reduction in PAN/OX spread due to extreme volatility in raw material prices. During Q4FY19, production of PAN volume has grew by 11.6% on a sequential basis from 37,296MTn in Q3FY19 to 41,617MTn in Q4. However, on yearly basis, PAN volume grew by 7.3% due to customers resume buying which they had postponed during Q3 as stabilization in commodity prices. As we noticed stabilization in crude oil in recent months, we expect better volume uptick in going forward with improvement in margins on the back of increasing...

I G Petrochemicals Ltd. is trading below all available SMAs

I G Petrochemicals Ltd.

17 May 2019

438.55

0.69%

Buy- Softening raw material prices to aid profitability

Buy: I G Petrochemicals Ltd.

Target

Prabhudas Lilladhar

IGPL with PAN capacities coming on stream by the end of CY19 is well placed to capitalize on domestic opportunities. However, the near term consumption demand downturn remains a concern. Maintain BUY....

I G Petrochemicals Ltd. is trading below all available SMAs

I G Petrochemicals Ltd.

11 Feb 2019

438.55

0.69%

BP Equities IG Petrochemicals Ltd Q3FY19 Result U

Buy: I G Petrochemicals Ltd.

Target

BP Wealth

I G Petrochemicals L.. has an average target of 524.00 from 1 broker.

I G Petrochemicals Ltd.

11 Feb 2019

438.55

0.69%

Q3FY19 Result Update - After a weak Q3, on a recovery mode

Buy: I G Petrochemicals Ltd.

Target

Prabhudas Lilladhar

Strong downstream demand from diverse user industries and limited global capacity additions to help sustain PAN demand. We lower our FY20/21E estimates to factor in lower EBIDTA margins (17% vs 20% earlier) and delay in commissioning of new project. IGPL's planned...

I G Petrochemicals L.. has an average target of 524.00 from 1 broker.

I G Petrochemicals Ltd.

16 Nov 2018

438.55

0.69%

BP Equities IG Petrochemicals Ltd Q2FY19 Result U

Buy: I G Petrochemicals Ltd.

Target

BP Wealth

I G Petrochemicals Ltd. is trading below all available SMAs

I G Petrochemicals Ltd.

10 Sep 2018

438.55

0.69%

Pick of the Week:10 SEP 2018

Buy: I G Petrochemicals Ltd.

Target

Axis Direct

I G Petrochemicals L.. has an average target of 524.00 from 1 broker.

I G Petrochemicals Ltd.

05 Sep 2018

438.55

0.69%

Result Update:I G Petrochems

Buy: I G Petrochemicals Ltd.

Target

Axis Direct

IG Petrochemicals (IGPL) in Q1FY19 posted revenues of Rs. 351 Cr (19%/12% YoY/QoQ) due to steady production of Phthalic Anhydride (PA) led by strong demand in end user industries.

I G Petrochemicals Ltd. is trading below all available SMAs

Is I G Petrochemicals Ltd. worth buying?

201 Votes:

Buy 80.1%

Sell 13.93%

Hold 5.97%

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