| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 Oct 2025 | Supreme Petrochem |
Deven Choksey
|
659.25 | 790.00 | 794.50 (-17.02%) | Target met |
Hold
|
Earnings impacted by weak demand; ABS ramp-up key trigger
Deven Choksey
We maintain a stable long-term outlook on Supreme Petrochem, though near-term earnings visibility remains constrained by demand volatility and sustained margin pressure across styrenics.
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| 08 Feb 2022 | I G Petrochemicals |
BP Wealth
|
399.55 | 744.00 | 712.65 (-43.93%) | Target met |
Hold
|
BP Equities IG Petrochemicals Ltd Q3FY22 Result Update
BP Wealth
IG Petrochemicals Ltd (IGPL) reported a better set of numbers in Q3FY22 compared to our estimates. The company has posted revenue of INR 5,070mn with 7.6% YoY growth which was 4.2% above our estimate of INR 4,864mn. Revenue beat was mainly driven by optimum utilisation of PA4 and a higher than expected increase in the MA realisation. Despite increased contribution from high margin product (Maleic Anhydride-MA), gross margin witnessed 1203bps decline on a YoY basis due to contraction in PAN/OX spread. Absolute EBITDA grew by 16.4% YoY to INR 1121mn (est INR 758mn). However, the EBITDA margin declined by 849bps YoY to 22.1% (est.15.6%) from 30.6% in Q3FY21 due to a fall in the gross margin. PAN/OX spread is currently hovering between $150-$250 compared to a...
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