I

India Glycols Limited

(NSE: INDIAGLYCO)

INDIAGLYCO

837

-8.30 (-0.98%)

Price Chart

Price Chart

Price Summary

Today’s High

854

Today’s Low

835

52 Week's High

854

52 Week's Low

835

Company Essentials

Market Cap

3141.2 Cr

CASA

0.0

No. Of Shares

3.1 Cr

P/E

15.3

P/B

1.0

Face Value

10.0

Dividend Yeild

1.4

Book Value

401.6

Net Interest Income

1.4K

Cost to Income

NA

Promoter Holdings

61.0

EPS

27.2

CAR

NA

ROE

7.0

ROCE

11.1

Profit Growth

NA

Peer Comparison

COMPANY

PRICE

MCAP (cr)

P/B

P/E

EPS

ROE

ROCE

NII

India Glycols Limited

845

3141

1.0

15.3

27.2

7.0

11.1

1.4K

Himadri Speciality Chemical Limited

101.85

2996

1.0

37.4

1.1

2.8

4.2

464.4

Thirumalai Chemicals Limited

229

2895

1.2

7.4

11.5

18.4

22.4

550.0

Meghmani Organics Limited

126.45

3575

0.0

0.0

7.3

15.9

18.2

264.8

Valiant Organics Limited

600.1

2373

7.0

30.6

42.2

25.8

26.9

118.8

Manali Petrochemicals Limited

93.25

2332

1.6

5.3

11.2

35.2

46.9

1.0K

FAQ’s on India Glycols Limited

About

India Glycols (IGL), incorporated in 1983, is engaged in the business of manufacturing glycols, ethoxylates and PEGs, performance chemicals, glycol ether and acetates, guar gum and potable alcohol. Promoted by Vam Organics, the company was incorporated under the name as UP Glycols. Since 1989, IGL is the only company in the world that uses renewable agro source based on molasses to manufacture Ethylene Oxide (EO) / Mono Ethylene Glycol (MEG). The company’s in-house R&D facility focuses on developing new products and processes. In India, the company is the largest ethoxylate and glycol ether producer thus making it leader in ethylene oxide derivatives/surfactant business.

The company exports its products to countries like South East Asia, Middle East, Europe, Australia and USA. It was granted ‘One Star Export House’ status by the government of India.

IGL operates subsidiaries namely IGL Finance, IGLCHEM International Pte and Shakumbari Sugar and Allied Industries. The company has base of 1000 customers. Products manufactured by company find applications in area of textile, agrochemical, oil and gas, personal care, pharmaceuticals, brake fluids, detergent, emulsion polymerisation and paints, etc.

The company has formed various technical collaborations such as Scientific Design Company Inc, USA for glycols; Press industria AG, Italy for ethoxylates and PEGs; Sanyo Chemical Industries of Japan for performance chemicals; Sulzer Chemtech of Switzerland for glycol ethers and Alfa Laval, USA for extra neutral alcohol.

IGL owns an export oriented unit (EOU) that primarily produced 10,000 MTPA of guar products such as guar, treated and pulverised guar gum powder and derivatised guar.

It also operates 100% EOU under the name Ennature Bio-pharma Division. This unit is spread across in an area 47 acres land which leased from the Uttarakhand government. This unit will grow a spectrum of medicinal plants. It will also set up supercritical fluid extraction facility (SCFE) at Dehradun that will be used for extraction of dietary food supplements,  natural colours, health care, fruits and vegetables, herbal extracts, fruit flavours and fragrances and spice flavours and extracts.

The company has installed distillery effluent evaporators at Gorakhpur and the concentrated effluent is burnt in specially designed boilers; the calorific value of the concentrated, effluent generates super-heated steam which is. utilised in the turbo generator with capacity of 12.5 MW for power generation.

In FY 2007-08 the company acquired controlling stake in the Shakumbari Sugar & Allied Industries (SSAIL) that is engaged in business of manufacturing sugar. SSAIL’s manufacturing plant is located in Uttar Pradesh with a crushing capacity of 3200 tones per day (TCD) along with a modern distillery of 40 kl per day (KLPD), producing high quality rectified spirit, ethanol and country liquor and an internal bagasse-fired co-generation plant of 3 MW catering to the captive power needs of the sugar and distillery units.

Future Plans

India Glycols will focus on various areas in future such as developing cost-effective emulsifier for crop protection chemicals; development of eco-friendly surfactants to replace alkylphenol ethoxylates; development of green demulsifier for crude oil emulsion and setting up an application development laboratory equipped with all sophisticated instruments for various industries.