IGPL Leaks

Company Profile & Core Business • Overview: Established in 1988 and headquartered in Mumbai, India, IGPL operates its core manufacturing facility within the Taloja chemical industrial corridor in Maharashtra. The company is a publicly traded, international petrochemical products manufacturer listed on both the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). • Core Products: The company primarily specializes in the production of Phthalic Anhydride (PAN). Leveraging economies of scale, it also recovers valuable by-products such as Maleic Anhydride and Benzoic Acid, and further extends its downstream value chain to manufacture plasticizers like Di-Ethyl Phthalate (DEP). Industry Influence • Market Dominance: IGPL stands as India's largest single-site Phthalic Anhydride (PAN) producer, commanding a massive domestic market share of approximately 50%. Its Taloja complex is also recognized as one of the largest single-location PAN manufacturing facilities globally, boasting an annual production capacity of 270,000 Metric Tonnes Per Annum (MTPA). • Critical Supply Chain Link: Phthalic Anhydride serves as an indispensable chemical intermediate in the industrial value chain. IGPL's products are widely supplied to leading global and domestic manufacturers across dozens of backbone industries, including paints, coatings, plastics, flexible PVC, unsaturated polyester resins (UPR), automotive components, construction chemicals, and fragrances. Beyond dominating the Indian market, the company exports to international markets, exerting a strong global supply chain presence. Financial Performance & Annual Revenue According to the latest financial disclosures: • Annual Revenue: IGPL's annual total revenue consistently ranges between INR 20.7 billion and INR 22.3 billion (approximately USD 210 million to USD 270 million). • Recent Revenue Trends: As of 2026, its trailing twelve months (TTM) rolling total revenue sits at approximately INR 20.73 billion (around USD 247 million). The company's top-line performance exhibits cyclical patterns, highly influenced by fluctuations in international chemical raw material prices (specifically Orthoxylene) and global supply chain demand. • Profitability: The company has maintained a net profit margin of around 3.94% over the past 12 months, with its current market capitalization valued between INR 17.4 billion and INR 17.6 billion.