India Glycols Limited

India Glycols Limited

INDIAGLYCO.NS
India Glycols LimitedIN flagNational Stock Exchange of India
1,067.75
INR
+25.05
- -
71.57BMarket Cap
India Glycols Limited
INDIAGLYCO.NS
(National Stock Exchange of India)

Recent

price

1,067.75

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
315.99
494.55
581.55
480.69
416.57
375.34
399.05
482.83
530.8
430.77
363.06
454.32
416.16
531.95
608.52
- -
673.45
Revenue per Share
-2.68
12.09
16.23
-26.06
-14.32
-9.17
5.66
15.59
21.42
18.52
21.25
54.88
20.2
27.94
37.29
- -
46.82
Basic EPS, GAAP
-22
-24.84
110.25
-56.34
-39.11
183.45
41.92
60.11
1.28
31.08
-1.87
-42.62
-18.26
-18.47
-64.33
- -
- -
Free Cash Flow per Basic Share
0.88
0.88
3.7
1.51
0.6
0.04
0.01
0.6
2.41
7.16
0.06
2.97
3.72
3.71
3.97
- -
- -
Dividend per Share
51.66
60.12
67.99
37.98
100.19
91.02
96.68
111.66
130.67
142.39
163.64
264.39
282.02
306.21
339.49
- -
5.36
Book Value per Share
62.5
67.9
85.15
54.79
125.08
115.95
121.49
136.48
155.44
166.63
188.4
285.96
306.76
330.96
364.07
- -
468.75
Tangible Book Value per Share
56
56
59
62
62
62
62
62
62
62
62
62
62
62
62
- -
63
Basic Weighted Avg Shares
17,621
27,578
34,226
29,766
25,795
23,242
24,711
29,898
32,869
26,675
22,482
28,133
25,770
32,940
37,683
42,114
42,114
Sales/Revenue/Turnover
5.13
9.03
8.15
4.13
3.47
4.79
6.8
8.68
11.69
8.98
9.35
11.35
9.08
9.69
10.5
11.73
11.73
Operating Margin (%)
768
915
1,103
1,089
1,123
695
720
731
762
775
801
803
940
1,008
1,152
1,554
1,554
Depreciation Expense
-149
674
955
-1,614
-886
-568
350
965
1,326
1,147
1,316
3,399
1,251
1,730
2,309
2,928
2,928
Net Income, GAAP
- -
43.69
31.58
- -
- -
- -
22.11
34.41
37.77
33.6
9.36
10.68
14.52
22.53
21
22.39
22.39
Effective Tax Rate (%)
-0.85
2.44
2.79
-5.42
-3.44
-2.44
1.42
3.23
4.03
4.3
5.85
12.08
4.85
5.25
6.13
6.95
6.95
Profit Margin (%)
-3,444
-2,162
-699
-3,118
-8,561
-5,595
-7,705
-5,865
-3,397
-3,890
-575
-1,415
-2,187
-4,300
-5,048
-5,163
-5,163
Working Capital
6,077
7,160
7,171
7,093
3,989
1,991
647
1,724
3,961
4,210
5,155
5,351
5,651
7,452
11,071
10,003
10,003
LT Debt
3,843
4,139
5,358
3,725
7,753
7,182
7,523
8,451
9,626
10,339
11,685
17,724
19,014
20,510
22,559
29,328
29,328
Total Equity
- -
6.66
8.63
- -
- -
- -
6.86
9.61
13.05
7.9
8.73
11.03
6.8
7.68
8.28
8.75
8.73
Return on Invested Capital (%)
- -
7.1
4.54
- -
- -
- -
6.28
10.21
12.56
9.31
9.74
16.29
6.59
8.34
9.97
14.78
14.78
Return on Capital (%)
-9.46
21.63
25.98
-50.8
-20.72
-9.6
6.03
14.96
17.67
13.56
13.89
25.64
7.39
9.5
11.55
27.41
27.41
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
8,248
- -
6,904
LT Borrowings
11,740
- -
9,191
LT Finance Leases
562
- -
811
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
62
- -
67
Market Capitalization
53,142
63,096
53,089

Working Capital

FRC

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
16,755
- -
14,978
Cash, Cash Equivalents & STI
1,529
- -
889
Accounts Receivable, Net
3,082
- -
3,514
Inventories
10,835
- -
8,906
Total Current Liabilities
20,252
- -
20,141
Payables & Accruals
- -
- -
- -
ST Debt
8,248
- -
6,904
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.82%
21.37%
30.01%
Free Cash Flow
438.97%
457.95%
-86.37%
Net Income, GAAP
24.6%
38.72%
26.78%
Sales/Revenue/Turnover
7.34%
14.14%
11.76%
Total Cash Common Dividend
1,058.88%
984.82%
206.26%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,890
7,746
9,042
9,008
32,940
2025
9,686
9,612
9,752
8,632
37,683
2026
10,405
10,922
11,024
9,764
42,114

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
8.26
6.14
6.72
- -
27.94
2025
9.75
8.03
9.17
10.34
37.29
2026
11.83
10.51
10.79
13.64
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
3.71
2025
- -
- -
- -
- -
3.97
2026
- -
- -
- -
- -
- -
Business
India Glycols Limited, founded in 1983 and headquartered in Noida, India, operates as a leading green technology specialty chemical company with a diversified portfolio spanning four main segments: bio-based specialties and performance chemicals, potable spirits, Ennature biopharma, and industrial gases. Its core products include bio-based mono ethylene glycol (MEG), di ethylene glycol (DEG), tri ethylene glycol (TEG), glycol ethers, ethoxylates utilized in paints, textiles, pharmaceuticals, and packaging; high-grade extra neutral alcohol (ENA) and Indian made foreign liquor (IMFL) in the potable spirits segment; plant-based active pharmaceutical ingredients (APIs), nutraceutical products, and botanical extracts under the Ennature Biopharma brand; and industrial gases such as liquid oxygen, nitrogen, argon, and carbon dioxide for medical and industrial applications. The company produces over 100 green products driven by renewable raw materials like molasses and bioethanol, with a global export footprint to more than 40 countries. In recent years, India Glycols has focused on expanding its biofuel and ethanol production capacity, aiming to reach 1,070 kiloliters per day by FY25, up from 350 kiloliters per day in FY23, as part of its sustainable growth strategy in renewable fuels and green chemicals. The company has partially commissioned Phase II of its expansion project for value-added chemical products with an expected capacity increase of approximately 5,000 metric tons per year. It has enhanced its operational model by reducing dependence on imported raw materials, improving margins and achieving incremental capacity expansions in select areas. India Glycols also maintains a strategic joint venture with Clariant AG, "Clariant IGL Specialty Chemicals Pvt. Ltd.," which advances the production of renewable ethylene oxide derivatives targeting personal and home care markets. Furthermore, the company is upgrading its nutraceutical facilities to meet regulated markets in the US and Europe and is pursuing new geographic markets and product innovations, particularly in the specialty and performance chemical verticals. India Glycols operates primarily in the chemicals industry under the materials sector, serving broad end-user markets including pharmaceuticals, healthcare, textiles, automotive, personal care, food and beverage, paints and coatings, oil and gas, and packaging industries. It holds a significant presence in the Indian market with ongoing efforts to enhance global competitiveness through green chemistry and bio-based innovations. The company is led by CEO Rupark Sarswat and continues to implement modular manufacturing expansions at its Kashipur facility, emphasizing sustainability with zero liquid discharge plants and renewable feedstocks as foundational elements of its business approach. Overall, India Glycols transitions from commodity chemicals to higher-margin specialty products while capitalizing on trends in sustainability, biofuels, and green technology chemicals to drive long-term growth.