The company is a leading manufacturer of bio-based glycols, serving as the flagship product. It boasts a significantly reduced carbon footprint that aligns with sustainability goals outlined in the UNSDGs (United Nations Sustainability Development Goals).
The company has faced challenges in the previous year but is working on strategic partnerships and innovative marketing approaches to increase market share across various regions. Furthermore, one of the company’s promoters increased their stake from 38.14% to 50.35% today. This significant increase in ownership suggests the promoter’s confidence in the company’s future prospects.
Share Price Movement
The share price of India Glycols Limited went up by 4 percent to Rs. 1,382 per share on Wednesday, an increase from its previous close of Rs. 1,329 per share. The market capitalisation now stands at approximately Rs. 4,263 crore as of December 04, 2024.
What happened
Kashipur Holdings Limited, a promoter company, acquired an additional 12.21% stake (37,79,819 shares) in India Glycols Limited under a composite arrangement approved by the NCLT. This increased its total shareholding to 50.35%, making it the holding company. The overall promoter group’s stake remains unchanged at 61.01%.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, India Glycols’s consolidated revenue from operations has increased by 24 percent YOY from Rs. 775 crore in Q2 FY24 to Rs. 961 crore in Q2 FY25 and decreased by 0.8 percent QoQ from Rs. 969 crore in Q4 FY24.
The company’s consolidated net profit has increased by 31.5 percent, from Rs. 38 crore in Q2 FY24 to Rs. 50 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has decreased by 16.7 percent QoQ from Rs. 60 crore.
Also read…
Market Outlook
The company is a leading manufacturer of bio-based glycols, which serve as its flagship product. It has faced challenges in the past year, including excess supply and overcapacity issues, as well as the impact of the Russia-Ukraine conflict leading to lower capacity utilization. However, the company is working on strategic partnerships and innovative marketing approaches to increase market share in the US, European, and East and SE Asian markets.
The India Glycols is also focusing on sustainability and reducing its carbon footprint, in line with its commitment to the UNSDGs. The global MEG market is expected to grow at a CAGR of about 6%, with the Asia Pacific region being a significant driver of demand. Overall, India Glycols foresees opportunities in green markets and is well-positioned to capitalise on the steady growth in the foreseeable future.
Shareholding Pattern
As of the December 2024 shareholding pattern, India Glycols Limited is primarily held by the promoters at 61.02 percent, foreign institutional investors hold 2.90 percent, and the public with 34.15 percent.
About Company
India Glycols Limited (IGL), founded in 1983, is a leading chemical manufacturer headquartered in Noida, Uttar Pradesh. Initially established as a monoethylene glycol plant, the company has transformed into a global leader in bio-based chemicals and sustainable technologies. With revenues exceeding ₹5,700 crores, IGL exemplifies innovation and environmental stewardship in the chemical sector.
The company’s diverse portfolio includes bulk chemicals, speciality chemicals, industrial gases, and natural products. Its offerings cater to industries such as agrochemicals, pharmaceuticals, and textiles. Notably, IGL produces eco-friendly products like ethanol-based chemicals and nutraceuticals using agricultural raw materials. The company’s robust sustainability initiatives, including carbon-efficient technologies and renewable resource utilisation, further underscore its commitment to the environment.
With a focus on innovation, financial stability, and global expansion, India Glycols continues to set benchmarks in green technology. Under the leadership of Chairman U.S. Bhartia, IGL remains at the forefront of sustainable industrial solutions.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
