As of 6 Nov 2026, India Glycols trades at 6.0× trailing earnings, below the industry P/E of 18.2×, and the shares are 76% below their 52-week high. Sales and net profit grew 17% and 33% a year over 3 years, with ROCE of 12% and ROE of 11%. Debt is 0.58× equity, and its dividend yield is 2.5%. It is a small-cap company with a market cap of ₹1,974 Cr, ranked 16th of 76 Chemicals companies by market cap; the shares fell 69% over the past year.
- ₹307.10
- ₹308.55
- ₹289.65
- ₹311.15
- 7.2 L
Health check
- ReturnsBehind
−69.3% over a year, better than 0 of 7 peers.
- Price tagCheaper
P/E 6.0 vs industry 18.2.
- GrowthStrong
Sales +17.3%, profit +32.8% a year over 3 years.
- ProfitabilityAverage
ROCE 11.7% vs peer median 10.6%.
- Balance sheetFair
Debt 0.58× equity, interest covered 3.5×, Piotroski 5 of 9.
- Red flags1 to check
76% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹1,974 Cr
- Small cap
- P/E
- 6.0
- Industry 18.2
- Price to book
- 0.67
- Peers 2.62
- Dividend yield
- 2.55%
- ROE
- 11.3%
- Peers 11.7%
- ROCE
- 11.7%
- Peers 10.6%
- Debt to equity
- 0.58
- Debt ₹1,691 Cr
- EPS (TTM)
- ₹49.39
- Face value ₹5
- OPM (TTM)
- 17.3%
- Net margin 7.4%
- Sales growth
- +8.6%
- Latest quarter vs a year ago
- Profit growth
- +32.2%
- Latest quarter vs a year ago
- Price to sales
- 0.46
- EV/EBITDA 5.6
Strengths and risks
Strengths
- Dividend yield of 2.55%.
- Quarterly profit up 32.2% on a year ago.
- P/E of 6.0 against an industry P/E of 18.2.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- 76% below its 52-week high.
About India Glycols
India Glycols Limited manufactures and sells bio-based specialities and performance chemicals in India and internationally. It operates through Bio-based Specialities and Performance Chemicals, Potable Spirits, Ennature Biopharma, and Bio-Fuel segments. The company offers bio mono ethylene, di ethylene, and tri ethylene glycols; ethylene and diethylene glycol monoethyl ethers, ethylene and diethylene glycol monoethyl ether acetates, and brake fluids;…
- Headquarters
- Noida
- Employees
- 1,400
- Sector
- Basic Materials
- ISIN
- INE560A01023
- Website
- indiaglycols.com
Price range
- Avg volume (3M)
- 11.9 L
- 1-year return
- minus 69.3%
- From 52-week high
- minus 75.9%
Peers · Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NAVINFLUORNavin Fluorine International | 9,010.00 | plus 1.87% | 46,250 | 50.8 | 42.7 | 18.7% | 34.3% | 0.28 | 16.5% | plus 46.1% |
| DEEPAKNTRDeepak Nitrite | 1,533.60 | minus 0.67% | 20,917 | 19.7 | 22.3 | 10.8% | 18.0% | 0.27 | −0.5% | minus 11.9% |
| TATACHEMTata Chemicals | 607.45 | minus 1.36% | 15,475 | – | 12.4 | −3.0% | 12.2% | 0.36 | −4.8% | minus 31.0% |
| DEEPAKFERTDeepak Fertilisers & Petrochemicals Corp. | 1,155.30 | minus 0.69% | 14,599 | 14.8 | 11.5 | 11.2% | 17.6% | 0.76 | 2.6% | minus 22.7% |
| RPELRaghav Productivity Enhancers | 1,780.80 | plus 0.95% | 8,178 | 116.0 | 107.1 | – | 29.9% | 0.02 | 23.5% | plus 95.4% |
| GNFCGujarat Narmada Valley Fertilizers and Chemicals | 451.80 | minus 1.87% | 6,639 | 6.3 | 5.4 | 10.4% | 14.8% | 0.01 | −8.8% | minus 7.2% |
| ACIArchean Chemical Industries | 416.40 | minus 1.95% | 5,141 | 51.3 | 23.2 | 7.7% | 20.0% | 0.28 | −9.2% | minus 34.6% |
| INDIAGLYCOIndia Glycols | 294.55 | minus 5.34% | 1,974 | 6.0 | 5.4 | 11.7% | 11.2% | 0.58 | 17.3% | minus 69.3% |
| Median of 7 peers | – | −0.69% | 14,599 | 35.2 | 22.3 | 10.6% | 18.0% | 0.28 | −0.5% | −11.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,040 | 1,092 | 1,102 | 976 | 1,130 | |
| 891 | 935 | 927 | 810 | 888 | |
| 150 | 158 | 175 | 167 | 243 | |
| 14.4% | 14.4% | 15.9% | 17.1% | 21.5% | |
| 20 | 13.7 | 4 | 13.6 | 21 | |
| 44.7 | 49.3 | 46.8 | 26.4 | 25.2 | |
| 34.5 | 38.5 | 41.2 | 41.2 | 115 | |
| – | – | −0.8 | – | – | |
| 90.5 | 83.6 | 90.6 | 112 | 123 | |
| 19.1% | 22.2% | 25.4% | 22.7% | 21.2% | |
| 73.3 | 65.1 | 67.6 | 86.9 | 96.8 | |
| 23.66 | 10.51 | 10.79 | 13.64 | 14.45 |
Profit & loss
- Sales CAGR 3Y
- +17.3%
- Profit CAGR 3Y
- +32.8%
- EPS CAGR 3Y
- +26.4%
- ROE
- 11.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,577 | 3,294 | 3,694 | 4,158 | |
| – | +27.8% | +12.2% | +12.6% | |
| 2,249 | 2,874 | 3,141 | 3,495 | |
| 328 | 420 | 553 | 663 | |
| 12.7% | 12.7% | 15.0% | 15.9% | |
| −13.6 | 6 | −8.1 | 20.1 | |
| 85 | 105 | 138 | 151 | |
| 94 | 101 | 115 | 155 | |
| 29.7 | 3.3 | 1 | 0.4 | |
| 165 | 223 | 292 | 377 | |
| 14.5% | 22.5% | 21.0% | 22.4% | |
| 125 | 173 | 231 | 293 | |
| – | +38.3% | +33.5% | +26.8% | |
| 22.77 | 27.93 | 37.29 | 45.95 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 31 | 31 | 31 | 33.5 | |
| 1,870 | 2,020 | 2,225 | 2,899 | |
| 1,112 | 1,348 | 1,892 | 1,691 | |
| 1,845 | 2,218 | 2,029 | 1,900 | |
| 4,858 | 5,617 | 6,176 | 6,523 | |
| 2,838 | 3,284 | 3,928 | 4,590 | |
| 130 | 87.5 | 102 | 39 | |
| 44.3 | 42.5 | 44.2 | 41.1 | |
| 47.7 | 74.6 | 131 | 71.2 | |
| 1,798 | 2,128 | 1,971 | 1,781 | |
| 4,858 | 5,617 | 6,176 | 6,523 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 326 | 439 | 362 | 769 | |
| −330 | −503 | −736 | −767 | |
| −0.5 | 89.9 | 354 | 22.5 | |
| −5.1 | 25 | −20.1 | 25 | |
| −439 | −553 | −760 | −823 | |
| −113 | −114 | −398 | −54.3 | |
| −23 | −23 | −24.6 | −75.3 |
Shareholding pattern
- Promoters59.63%
- Public40.37%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 59.63% | 40.37% | 0.00 | |
| 30 Jun 2026 | 59.63% | 40.37% | 0.00 | |
| 31 Mar 2026 | 59.63% | 40.37% | 0.00 | |
| 31 Dec 2025 | 59.63% | 40.37% | 0.00 | |
| 24 Nov 2025 | 59.63% | 40.37% | – |
Major shareholders
Filings & events
News
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