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IGIL - Fundamental Analysis: Financial Health & Valuation

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Rating: 4

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 4.0

Stock Code IGIL Market Cap 14,695 Cr. Current Price 339 ₹ High / Low 442 ₹
Stock P/E 26.8 Book Value 58.4 ₹ Dividend Yield 0.74 % ROCE 30.7 %
ROE 23.2 % Face Value 2.00 ₹ DMA 50 325 ₹ DMA 200 348 ₹
Chg in FII Hold -0.94 % Chg in DII Hold 0.29 % PAT Qtr 132 Cr. PAT Prev Qtr 139 Cr.
RSI 58.7 MACD -0.10 Volume 16,87,586 Avg Vol 1Wk 11,72,860
Low price 287 ₹ High price 442 ₹ PEG Ratio 0.87 Debt to equity 0.01
52w Index 33.5 % Qtr Profit Var 17.8 % EPS 12.7 ₹ Industry PE 19.4

📊 Core Financials

  • Revenue Growth: Stable with PAT ₹132 Cr vs ₹139 Cr
  • Profit Margins: Strong with ROE at 23.2% and ROCE at 30.7%
  • Debt Ratios: Very low (Debt-to-Equity 0.01), excellent financial stability
  • Cash Flows: Dividend yield of 0.74% provides modest shareholder returns
  • Return Metrics: Efficient capital utilization compared to peers

💹 Valuation Indicators

  • P/E Ratio: 26.8 (slightly above industry average of 19.4, mildly overvalued)
  • P/B Ratio: ~5.8 (Price ₹339 / Book Value ₹58.4)
  • PEG Ratio: 0.87 (reasonable, suggests fair growth valuation)
  • Intrinsic Value: Fairly valued with potential upside if earnings sustain

🏢 Business Model & Competitive Advantage

  • Operates in specialty chemicals and industrial solutions
  • Strong operational efficiency reflected in high ROCE
  • Competitive advantage lies in niche product offerings and low debt structure

📈 Entry Zone Recommendation

  • Current Price: ₹339
  • Support Zone: ₹325 – ₹340 (near DMA 50, RSI at 58.7 indicates neutral momentum)
  • Long-term Holding: Attractive given strong fundamentals, low debt, and consistent profitability

✅ Positive

  • High ROCE and ROE indicate strong efficiency
  • Low debt ensures financial resilience
  • Dividend yield adds shareholder value

⚠️ Limitation

  • P/E ratio above industry average suggests mild overvaluation
  • P/B ratio relatively high compared to peers
  • Quarterly PAT slightly declined (₹132 Cr vs ₹139 Cr)

📉 Company Negative News

  • FII holdings decreased (-0.94%), showing reduced foreign investor confidence
  • Technical indicators (MACD negative) reflect weak short-term momentum

📈 Company Positive News

  • DII holdings increased (+0.29%), showing domestic support
  • Quarterly profit variation of 17.8% YoY indicates growth stability

🌐 Industry

  • Specialty chemicals industry remains strong with demand in industrial applications
  • Industry P/E at 19.4 highlights IGIL trading at a premium

🔎 Conclusion

IGIL demonstrates strong fundamentals with high efficiency, low debt, and consistent profitability. While valuations are slightly stretched, the company’s business model and industry positioning provide long-term growth potential. Entry around ₹325–₹340 offers a balanced risk-reward profile, making it a solid candidate for long-term holding.

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