I G Petrochemicals Ltd @ 37 # Closed - Target achieved on 21.01.10 #

The company is in the business of producing

a) Phthalic Anhydride, which is mainly used in the manufacture of Plasticizers for production of PVC products, shoe soles and other commodities

b)Alkyd Resins for manufacturing of paints, as an intermediate in production of dyes and pigments

c) Unsaturated Polyester Resins (UPRs) used in the manufacture of building materials and plastic products

- one of the largest manufacturer of Phthalic Anhydride

- one of the most cost-effective plants for the production of Phthalic Anhydride in the world

- Has posted net profit of arnd 16Cr on sales of 290Cr in H1FY010 which result into an EPS of 5.3 in 1st half of FY010.

- D/E is 0.34. Book value is 56

- Trading @ P/E of 3.7 on FY010 EPS.

BSE: 500199  |  NSE: IGPL 

Invest for a period of  1 yr.... Tgt 48+....