Established in 1988, India Glycols Ltd. is engaged in the manufacturing of green technology-based bulk, specialty & performance chemicals, and natural gums, spirits, industrial gases, sugar, and nutraceuticals.[1][2]
Business Segments[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | United Spirits | 1344.85 | 57.07 | 97817.78 | 0.90 | 464.00 | 42.56 | 3173.00 | 11.57 | 26.50 | 12658.00 | 18.34 | 1714.40 | 486.12 | 11.63 | 12.34 | 0.05 |
| 2. | United Breweries | 1521.20 | 105.79 | 40221.33 | 0.66 | 46.34 | -64.80 | 2052.83 | -3.02 | 13.88 | 9240.39 | 8.32 | 380.09 | 46.52 | 9.25 | 6.03 | 0.18 |
| 3. | Radico Khaitan | 2895.35 | 83.50 | 38766.80 | 0.14 | 138.96 | 69.07 | 1493.93 | 33.83 | 16.24 | 5598.29 | 14.85 | 464.24 | 138.96 | 13.28 | 7.98 | 0.21 |
| 4. | Allied Blenders | 474.90 | 51.74 | 13283.48 | 0.75 | 62.92 | 35.22 | 990.06 | 14.11 | 21.08 | 3807.51 | 12.86 | 256.98 | 64.31 | 8.51 | 6.29 | 0.68 |
| 5. | Tilaknagar Inds. | 412.00 | 37.32 | 10183.45 | 0.24 | 52.68 | -9.53 | 398.22 | 6.23 | 28.19 | 1553.60 | 18.89 | 272.47 | 52.68 | 4.34 | 20.26 | 0.02 |
| 6. | India Glycols | 938.00 | 31.28 | 6287.11 | 0.52 | 53.94 | 36.73 | 1090.51 | 13.46 | 11.87 | 3968.40 | 14.46 | 200.98 | 53.94 | 2.94 | 3.24 | 1.04 |
| 7. | Piccadily Agro | 584.00 | 52.37 | 5752.31 | 0.00 | 26.72 | 8.32 | 212.21 | 14.76 | 22.68 | 863.64 | 22.86 | 109.75 | 26.69 | 7.15 | 10.87 | 0.40 |
| – | Median: 23 Co. | 287.0 | 33.82 | 1598.41 | 0.14 | 19.5 | 0.0 | 212.21 | 11.57 | 13.25 | 863.64 | 8.55 | 79.6 | 19.5 | 2.94 | 6.29 | 0.43 |
Standalone figures in ₹ crores
| Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 808 | 670 | 553 | 619 | 688 | 775 | 904 | 924 | 968 | 961 | 975 | 863 | 1,040 | 1,091 |
Expenses | 745 | 604 | 481 | 522 | 592 | 681 | 801 | 818 | 846 | 845 | 851 | 719 | 893 | 932 |
Operating Profit | 63 | 66 | 72 | 97 | 95 | 94 | 103 | 105 | 123 | 116 | 124 | 144 | 148 | 158 |
Other Income | 7 | 8 | -9 | 4 | 6 | 11 | 5 | 5 | 3 | 4 | 6 | 2 | 1 | 2 |
Profit before tax | 30 | 30 | 17 | 46 | 53 | 48 | 50 | 51 | 62 | 53 | 58 | 68 | 70 | 72 |
Tax % | 24% | 26% | 19% | 13% | 24% | 25% | 24% | 26% | 25% | 26% | 25% | 26% | 25% | 26% |
Net Profit | 23 | 22 | 13 | 40 | 41 | 36 | 38 | 38 | 47 | 39 | 44 | 50 | 53 | 54 |
EPS in Rs | 3.68 | 3.63 | 2.16 | 6.48 | 6.55 | 5.76 | 6.11 | 6.10 | 7.55 | 6.37 | 7.08 | 8.13 | 8.54 | 8.71 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2,885 | 2,557 | 2,322 | 2,473 | 3,028 | 3,356 | 2,714 | 2,280 | 2,863 | 2,650 | 3,291 | 3,767 | 3,968 |
Expenses | 2,674 | 2,420 | 2,140 | 2,237 | 2,703 | 2,936 | 2,436 | 2,022 | 2,611 | 2,353 | 2,893 | 3,260 | 3,395 |
Operating Profit | 211 | 137 | 182 | 237 | 325 | 420 | 278 | 258 | 252 | 298 | 398 | 507 | 574 |
Other Income | -164 | -15 | -50 | 7 | 10 | 17 | 52 | 34 | 237 | 10 | 25 | 14 | 11 |
Interest | 134 | 158 | 133 | 122 | 118 | 136 | 90 | 73 | 62 | 95 | 121 | 164 | 183 |
Depreciation | 83 | 81 | 65 | 68 | 69 | 72 | 73 | 76 | 76 | 90 | 101 | 115 | 133 |
Profit before tax | -170 | -117 | -66 | 54 | 149 | 229 | 166 | 143 | 352 | 123 | 202 | 242 | 269 |
Net Profit | -120 | -61 | -42 | 45 | 98 | 148 | 128 | 84 | 285 | 99 | 152 | 180 | 201 |
EPS in Rs | -19.31 | -9.91 | -6.84 | 7.19 | 15.84 | 23.94 | 20.72 | 13.62 | 46.11 | 15.95 | 24.51 | 29.14 | 32.46 |
Dividend Payout % | -3% | 0% | 0% | 7% | 13% | 13% | 14% | 22% | 8% | 24% | 16% | 17% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 475 | 424 | 771 | 815 | 910 | 1,043 | 1,127 | 1,214 | 1,481 | 1,557 | 1,685 | 1,840 | 1,946 |
Borrowings | 1,927 | 2,138 | 1,120 | 977 | 766 | 930 | 928 | 1,064 | 969 | 1,112 | 1,348 | 1,892 | 2,055 |
Other Liabilities | 776 | 564 | 1,555 | 1,540 | 1,637 | 1,711 | 1,941 | 1,765 | 1,787 | 1,844 | 2,217 | 2,028 | 1,708 |
Total Liabilities | 3,209 | 3,158 | 3,478 | 3,363 | 3,345 | 3,715 | 4,027 | 4,074 | 4,267 | 4,543 | 5,281 | 5,790 | 5,740 |
Fixed Assets | 1,188 | 1,032 | 1,917 | 2,003 | 2,053 | 2,074 | 2,134 | 2,102 | 2,232 | 2,717 | 3,205 | 3,829 | 3,754 |
Gross Block | 1,900.14 | 1,810.70 | 1,983.75 | 2,131.07 | 2,247.83 | 2,340.01 | 2,477.48 | 2,464.92 | 2,611.00 | 3,162.42 | 3,749.85 | 4,486.40 | – |
Accumulated Depreciation | 712.23 | 778.55 | 66.78 | 127.73 | 194.60 | 265.95 | 343.51 | 362.58 | 378.96 | 445.55 | 544.91 | 657.33 | – |
CWIP | 122 | 142 | 167 | 78 | 76 | 124 | 163 | 119 | 237 | 125 | 84 | 98 | 267 |
Investments | 57 | 82 | 29 | 26 | 26 | 26 | 29 | 29 | 29 | 2 | 0 | 0 | 0 |
Other Assets | 1,841 | 1,901 | 1,365 | 1,257 | 1,190 | 1,491 | 1,702 | 1,824 | 1,770 | 1,700 | 1,993 | 1,863 | 1,719 |
Total Assets | 3,209 | 3,158 | 3,478 | 3,363 | 3,345 | 3,715 | 4,027 | 4,074 | 4,267 | 4,543 | 5,281 | 5,790 | 5,740 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -138 | -154 | 1,223 | 302 | 487 | 148 | 344 | 142 | 114 | 326 | 438 | 362 |
Cash from Investing Activity | 2 | 155 | -79 | -41 | -145 | -133 | -156 | -157 | 77 | -330 | -503 | -736 |
Cash from Financing Activity | 106 | -1 | -1,161 | -261 | -342 | 7 | -212 | 16 | -188 | -0 | 90 | 354 |
Net Cash Flow | -30 | -1 | -17 | 1 | 0 | 22 | -24 | 0 | 4 | -5 | 25 | -20 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 56 | 62 | 59 | 59 | 41 | 36 | 77 | 58 | 51 | 60 | 43 | 35 |
Inventory Days | 106 | 107 | 124 | 129 | 87 | 123 | 147 | 168 | 147 | 209 | 223 | 209 |
Days Payable | 91 | 55 | 117 | 145 | 152 | 142 | 156 | 162 | 137 | 209 | 223 | 175 |
Cash Conversion Cycle | 71 | 115 | 66 | 43 | -24 | 18 | 69 | 65 | 61 | 60 | 44 | 69 |
Working Capital Days | -38 | -87 | -81 | -103 | -61 | -33 | -44 | -58 | -14 | -45 | -63 | -57 |
ROCE % | 6% | 4% | 6% | 9% | 15% | 20% | 13% | 9% | 8% | 9% | 11% | 12% |
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Stock Analysis
India Glycols Ltd. is engaged in the manufacturing of green technology-based bulk, specialty & performance chemicals, natural gums, spirits, industrial gases, sugar, and nutraceuticals.
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