I G Petrochemicals Limited (IGPL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-81.4%

₹103.20

vs ₹555.90 price

Levered DCF

-₹211.99

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	460.21×	12.38×	35.36×	6.35×	8.16×	6.77×	14.04×	8.19×
P/B	0.77×	1.01×	1.12×	1.03×	2.03×	1.55×	0.46×	1.52×
P/S	0.53×	0.61×	0.67×	0.54×	1.15×	1.13×	0.28×	0.73×
EV / EBITDA	9.93×	6.54×	12.91×	4.42×	5.58×	4.73×	7.12×	5.13×
Gross margin	13.3%	23.5%	6.4%	23.5%	33.4%	28.0%	8.9%	29.2%
Operating margin	1.3%	19.2%	12.0%	11.9%	19.0%	23.6%	4.3%	15.0%
Net margin	0.1%	4.9%	1.9%	8.5%	14.0%	16.7%	2.0%	9.0%
Current ratio	1.37×	1.46×	1.51×	1.64×	1.81×	1.34×	1.11×	1.33×
Debt / equity	0.27×	0.2×	0.29×	0.21×	0.16×	0.2×	0.37×	0.31×
Interest coverage	0.62×	10.9×	8.29×	11.66×	27.84×	18.23×	2.86×	16.14×
Dividend yield	3.0%	1.7%	2.2%	2.4%	1.0%	0.5%	5.0%	1.5%
Payout ratio	1387.6%	21.2%	77.9%	15.2%	8.6%	3.2%	69.8%	12.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	0.2%	8.1%	3.2%	16.2%	24.9%	22.9%	3.3%	18.6%
Return on invested capital	0.3%	19.1%	10.9%	13.2%	20.2%	18.5%	3.1%	13.6%
Return on assets	0.1%	4.9%	1.9%	10.0%	16.0%	14.2%	1.8%	10.2%
Free cash flow yield	-7.8%	9.2%	-9.8%	-0.6%	0.4%	8.8%	-28.9%	-7.7%
Earnings yield	0.2%	8.1%	2.8%	15.7%	12.2%	14.8%	7.1%	12.2%
Enterprise value	₹12B	₹14.3B	₹17.6B	₹15B	₹23.1B	₹14B	₹5.2B	₹11.3B
Net debt / EBITDA	1.46×	0.39×	2.63×	0.68×	0.35×	0.44×	3.08×	0.79×
Cash conversion cycle (days)	27	14	27	10	-66	-34	-39	-39