I G Petrochemicals Ltd. share price target

IG Petrochemicals (IGPL), flagship company of the Dhanuka Group, is India's largest Phthalic Anhydride (PAN) manufacturer and one of the lowest cost producers of PAN across the globe.We estimate revenues and earnings to grow at 13% and 32% CAGR respectively over FY17-19E .

We recently met R Chandrasekaran, Chief Financial Officer of IG Petrochemicals (IGPL) to get an insight into the dynamic changes of the phthalic anhydride (PAN) industry and the company's outlook, going forward. PAN is a downstream commodity chemical manufactured using orthoxylene, a crude derivative. It is an important intermediate used to produce plasticisers (constitutes ~34% of total demand), alkyd resins (~17%), unsaturated polyester resins (~6%) and CPC pigments (~24%) among others. Plasticisers, in turn, are used to manufacture PVC products...

We recently met R Chandrasekaran, Chief Financial Officer of IG Petrochemicals (IGPL) to get an insight into the dynamic changes of the phthalic anhydride (PAN) industry and the company's outlook, going forward. PAN is a downstream commodity chemical manufactured using orthoxylene, a crude derivative. It is an important intermediate used to produce plasticisers (constitutes ~34% of total demand), alkyd resins (~17%), unsaturated polyester resins (~6%) and CPC pigments (~24%) among others. Plasticisers, in turn, are used to manufacture PVC products...