I G Petrochemicals Ltd Stock Research

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I G Petrochemicals Ltd Detail

I G Petrochemicals Ltd is in portfolio of Anil Kumar Goel. He is one of the top investors in India. The company belongs to Petrochemicals sector.

As per the Company website it is is an established market leader in Phthalic Anhydride (PAN). The plant of Company is situated in Taloja. The Company is promoted by the Dhanuka Group in technical collaboration with Lurgi GmbH, Germany.

PAN Phthalic Anhydride is single most important Compound manufactured by the Company.It is used in manufacturing plasticizers, which are most essential in making PVC products, shoe soles, cables, pipes and hoses, leather cloth, films for packaging and other products.

It is also used to manufacture alkyd resins used in paints and in the production of unsaturated polyester resins for building materials, plastic products,textile industries and printing inks.

The Company has registered office in Goa and corporate office in Mumbai.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

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I G Petrochemicals Ltd Stock Performance

The Company got listed in year 2007 at price of 68. It was not good time to get listed due to global crisis next year. For next 7 years or so Company was in consolidation mode hovering around the sub 100 levels with little to low positive movement in stock prices.

These silent years made investors nervous. The IPO investors did not make any good money in the counter. Recent bull run and correction phase impacted stock prices considerably. It gave decent returns to investors touching close to 800 at one point and quickly died to 300 levels as well. The dividend yield at current market price is more than 1%.

I G Petrochemicals Ltd My Opinion

I G Petrochemicals Ltd is a Petrochemicals Company. The product manufactured by the Company is key component of PVC (Plastics Industry). So the growth in demand of PVC will benefit the Company fortunes.

Thirumalai Chemicals is direct competitor of  this Company.Both of them have same product mix. So you should keep an eye on both these Companies if you are planning to make a decision.

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Both the Companies are present in portfolio of Anil Kumar Goel. The growing demand of PAN will benefit these Companies. By investing in both he made sure demand is captured. One of the Company may outperform other in long run and by investing in both you are being covered.

As of now I am not invested in these Companies. There are global players also manufacturing the Compound. I have already invested in Chemicals sector and will explore if more investment in the sector is required.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.


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