Remarkable performance of India Glycols Limited - by mittar_b
Hi friends, I have reviewed the performance of India Glycols Limited in terms of its Quarterly results and the movement of the stock in the market. India Glycols (IGL) is one of the leading players in the manufacture of Glycols,Ethoxylates & Speciality chemicals since 1989. India Glycols Ltd. (IGL) is an India-based company, was incorporated as `U.P. Glycols Limited' before 1989 and obtained the Certificate of Commencement of Business. The company was promoted by Vam Organic Chemicals Ltd. The company manufactures mono-ethylene glycol (MEG), diethylene glycol (DEG) and triethylene glycol (TEG).
IGL is the largest company in the manufacturing of glycols, ethoxylates and chemicals, ethyl alcohol (potable), glycol ethers, and acetates, guar gum powder, and derivatives and industrial gases. IGL have an installed cap. of 50,000 tonnes of Glycols,30,000 tonnes of Ethoxylates & 15,000 tonnes of Specility Chemicals. Now IGL maintains leadership in various applications as: Polyester & Textiles, Agrochemicals,Petroleum & Lubricants, Pharma & Personal care,Detergents, Paints & Emulsions.
Now IGL has world wide costumer base in various countories -
Africa, Asia, Caribbean, America, East Europe, Europe, Middle East, North Europe, Oceania and West Europe countries.
The Company's operations are divided in three major business segments: Chemicals, Ethyl Alcohol (Potable) and others.
The “Chemicals segment” consists of glycols as MEG (Mono ethylene glycol), and di-ethylene glycol (DEG) and heavy glycol, ethoxylates and performance chemicals, and glycol ethers and acetates. The Chemicals segment is the largest source of IGL's total net revenues as compare to next segments. The Ethyl Alcohol (Potable) and Other segment includes high sulphur alcohol, hydrochloride acid, guar gum and industrial gases.
The Company has delivered strong financial performance for the period under review:
Stock movements of IGL:
The meeting of the Board of Directors of the Company decided payment of 40% or Rs 4 per share as dividend for shareholders.
Now IGL is ready to show its presence on the map of Natural Hydrocolloids. Therefore IGL has established state-of-art facility to manufacture 10,000 tonnes of Guar for various applications: such as Food,Feed & Pharma,Carpet & Textile, Printing, Petroleum, Mining, Paper, Explosives, Agriculture, Fire fighting, Health Care, Personal Care & Nutraceuticals.