Updates
IG Petrochemicals Limited has informed the Exchange regarding the Registrar & Share Transfer Agent Update11-07-2017
11-07-2017
Updates
Resignation of M/s Hariharan & Co. as Joint Statutory Auditors and appointment of M/s Uday & Co. as Joint Statutory Auditors to fill the casual vacancy10-07-2017
Shareholding for the Period Ended June 30, 2017
IG Petrochemicals Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2017. For more details, kindly Click here08-07-2017
Investor Complaints Status For The Quarter Ended June 30, 2017.
Investor Complaints Status for the quarter ended June 30, 2017.05-07-2017
Disclosure of Voting results of EGM (Regulation 44(3) of SEBI (LODR) Regulations, 2015)
IG Petrochemicals Ltd has informed BSE regarding the details of Voting results at the Extra Ordinary General Meeting (EGM) of the Company held on June 02, 2017, under Regulation 44(3) of SEBI (LODR) Regulations, 2015 along with Scrutinizer's Report.03-06-2017
Disclosure Of Voting Results Of The EGM Held On 2Nd June, 2017
Disclosure of voting results of the EGM held on 2nd June, 2017 along with Scrutinizer's report.03-06-2017
Revised Standalone And Consolidated Financial Results For The Quarter/Year Ended 31St March, 2017 As Per Schedule III Of The Companies Act, 2013.
Revised Standalone and consolidated financial results for the quarter/year ended 31st March, 2017 as per Schedule III of the Companies Act, 2013.03-06-2017
IG Petrochemicals: breaking out into higher growth?
Plastics company IG Petrochemicals was part of the list of firms that posted strong revenue and stellar net profit growth in the latest March 2017 quarter. IG Petrochem reported 134% net profit growth YoY, and 36% growth in revenues to Rs. 289.27 crore for the fourth quarter. Its operating margins improved sharply, rising from 10.8% in last year's quarter to 15.76% this Q4. This plastic manufacturer has a robust moat around its business, being one of two major Indian manufacturers in the phthalic anhydride space, and may be coming into strong quarters with the government's plan to expand plastic consumption in the country. IGPL is the largest manufacturer of phthalic anhydride (PAN), which is used in the manufacture of flexible plastics for cables, films and paints, and controls a dominant 47% of India’s production capacity. Approximately 24% of India's PAN requirement is currently met through imports, which IGPL is hoping to change by expanding its capacity over the coming quarters. The firm has also entered the fiberglass plastic space through a JV in Dubai, with the Natural Oil Company. The company is expecting this diversification to improve profitability further. The firm's only major competitor in the Indian space is Thirumalai Chemicals, compared to whom IGPL dominates in ROE, operating margins and profits. IGPL is currently the lowest cost manufacturer in its space. The full financials for the firm are here. IGPL's share price is currently above its moving averages.19-05-2017
Extraordinary General Meeting To Be Held On 2Nd June, 2017
The extraordinary general meeting of the Company shall be held on 2nd June, 201710-05-2017