India Glycols Ltd
NSE: INDIAGLYCO · Breweries & Distilleries · sector
₹285.95NSE close 2026-10-26
Key numbers
Market cap₹1,916 cr
Price₹285.95
52w high / low₹399 / ₹158
P/E5.8xSector median 21.8x
P/B0.7xSector median 1.9x
Book value₹437.6
Dividend yield3.93%Sector median 0.83%
ROE12.2%Sector median 8.9%
ROCE11.3%Sector median 10.9%
OPM6.5%Sector median 6.1%
Debt / equity0.54xSector median 0.49x
EV/EBITDA5.2xSector median 24.1x
Interest cover3.5x
Current ratio0.74x
Sales growth 3y+13.9%Sector median +11.1%
Profit growth 3y+32.8%Sector median +14.2%
PEG0.22x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 27 companies in Breweries & Distilleries (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹50 cr vs borrowings ₹1,578 cr (FY26): borrowings are higher by ₹1,529 cr.
- Operating profit covered interest 3.5x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 1.38 percentage points in a year, to 59.63% (2026-09-30).
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 1% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹285.95 on 2026-10-26: -28.3% from the 52-week high, +80.4% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,190.50 · low ₹236.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,144 | 2,424 | 2,189 | 2,503 | 2,412 | 2,551 | 2,360 | 2,988 |
| EBITDA | 116 | 124 | 146 | 150 | 158 | 175 | 166 | 170 |
| OPM % | 5.4% | 5.1% | 6.7% | 6.0% | 6.5% | 6.8% | 7.1% | 5.7% |
| Other income | 4 | 6 | 2 | 1 | 2 | 1 | 1 | 0 |
| Net profit | 50 | 57 | 64 | 73 | 65 | 68 | 87 | 97 |
| EPS (₹) | 8.03 | 9.18 | 10.34 | 11.83 | 10.51 | 10.79 | 13.64 | 14.45 |
| Revenue YoY | +12.5% | +5.2% | +7.8% | +19.4% | ||||
| Profit YoY | +30.9% | +18.9% | +35.7% | +32.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 6,601 | 6,642 | 7,922 | 9,039 | 9,827 | 10,312 |
| EBITDA | 477 | 324 | 402 | 511 | 648 | 668 |
| Net profit | 340 | 125 | 173 | 231 | 293 | 316 |
| EPS (₹) | 54.88 | 22.77 | 27.93 | 37.29 | 45.95 | 49.39 |
| Revenue growth | +0.6% | +19.3% | +14.1% | +8.7% | +11.4% | |
| Profit growth | -63.2% | +38.3% | +33.5% | +26.8% | +29.8% | |
| Dividend / share (₹) | 6.00 | 7.50 | 7.50 | 8.00 | 12.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +13.9% | +12.6% | +11.4% |
| Net profit | +32.8% | +17.3% | +29.8% |
| EPS | +26.4% | +16.7% | – |
| Share price | – | +51.7% (2y) | +53.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,901 | 2,051 | 2,256 | 2,933 |
| Borrowings | – | 1,094 | 1,321 | 1,804 | 1,578 |
| Cash & equivalents | – | 113 | 138 | 77 | 50 |
| Total assets | – | 4,858 | 5,617 | 6,176 | 6,523 |
| Fixed assets | – | 2,707 | 3,197 | 3,826 | 4,551 |
| Capital work in progress | – | 125 | 84 | 98 | 37 |
| Investments | – | 318 | 335 | 381 | 389 |
| Receivables | – | 430 | 384 | 365 | 351 |
| Inventory | – | 754 | 1,106 | 1,171 | 891 |
| Payables | – | 752 | 1,099 | 979 | 788 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 91 | 326 | 439 | 362 | 769 |
| Cash from investing | 93 | -330 | -503 | -736 | -767 |
| Cash from financing | -181 | -1 | 90 | 354 | 23 |
| Capex | 380 | 439 | 553 | 760 | 823 |
| Free cash flow | -288 | -113 | -114 | -398 | -54 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 6.6% | 8.4% | 10.2% | 10.0% |
| ROCE % | – | 8.5% | 9.7% | 10.1% | 11.0% |
| Debtor days | – | 24 | 18 | 15 | 13 |
| Inventory days | – | 174 | 188 | 177 | 122 |
| Payable days | – | 173 | 187 | 148 | 108 |
| Cash conversion cycle (days) | – | 25 | 19 | 44 | 27 |
| Working capital days | – | -12 | -20 | -20 | -19 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.63% |
| FIIs | 2.76% |
| DIIs | 3.05% |
| of which Mutual funds | 0.10% |
| Government | 0.00% |
| Public (non-institutions) | 34.55% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Nov 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 61.01% | 61.01% | 61.01% | 59.63% | 59.63% | 59.63% | 59.63% | 59.63% |
| Promoter group | % |
|---|---|
| Kashipur Holdings Limited | 49.77% |
| Executors TO the Estate of Late Sajani Devi Bhartia | 6.27% |
| UMA Shankar Bhartia | 1.34% |
| Sukhvarsha Distributors PVT. Ltd. | 1.08% |
| Jayshree Bhartia | 0.68% |
| Pooja Jhaver | 0.29% |
| Hindustan Wires Limited | 0.19% |
| Pragya Bhartia Barwale | 0.00% |
| Facit Commosales Private Limited | 0.00% |
| JB Commercial Company Private Limited | 0.00% |
| J Boseck & Co. Private Limited | 0.00% |
| Ajay Commercial Co. PVT. Ltd. | 0.00% |
| Lund & Blockley PVT. Ltd. | 0.00% |
| Public holders above 1% | % |
|---|---|
| Puneet Bhatia | 1.77% |
| Investor Education and Protection Fund | 1.39% |
| Negen Undiscovered Value Fund | 1.04% |
60,112 shareholders. Pledged: 0.00% of promoter shares.
Peers in Breweries & Distilleries
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| UNITDSPR | ₹89,828 cr | 46.7x | 10.0x | 22.1% | 26.0% | 7.5% | 0.0% | 1.40% |
| RADICO | ₹56,251 cr | 79.9x | 17.0x | 23.2% | 27.0% | 5.2% | +18.1% | 0.09% |
| UBL | ₹30,041 cr | 76.0x | 6.6x | 8.9% | 10.9% | 4.6% | +1.6% | 0.83% |
| ABDL | ₹18,770 cr | 85.7x | 11.3x | 13.8% | 17.1% | 7.1% | – | 0.54% |
| TI | ₹12,032 cr | – | 4.0x | -1.7% | 2.6% | 3.5% | +28.6% | 0.16% |
| PICCADIL | ₹5,389 cr | 38.1x | 6.0x | 15.6% | 15.5% | 20.3% | – | – |
| GLOBUSSPR | ₹2,069 cr | 20.5x | 1.9x | 9.6% | 12.1% | 7.3% | +8.6% | 0.39% |
| INDIAGLYCO | ₹1,916 cr | 5.8x | 0.7x | 12.2% | 11.3% | 6.5% | +13.9% | 3.93% |
| GMBREW | ₹1,784 cr | 10.3x | 1.6x | 16.3% | 20.0% | 6.1% | +8.6% | 0.96% |
| SDBL | ₹1,400 cr | – | 1.8x | -4.0% | -0.9% | 0.9% | +15.4% | 0.01% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Potable Spirits | ₹6,946 cr | 70.7% | ₹285 cr | 4.1% |
| Bio-Fuel | ₹1,470 cr | 15.0% | ₹115 cr | 7.8% |
| Bio-based Specialities and Performance Chemicals | ₹1,202 cr | 12.2% | ₹141 cr | 11.7% |
| Ennature Biopharma | ₹208 cr | 2.1% | ₹7 cr | 3.5% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-02 | Restructuring | Demerger |
| 2026-03-23 | Dividend | Interim Dividend - Rs 7.50 Per Share |
| 2025-09-23 | Dividend | Dividend - Rs 5 Per Share |
| 2025-08-12 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 5/- Per Share |
| 2024-08-21 | Dividend | Annual General Meeting/Dividend - Rs 8 Per Share |
| 2023-09-05 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2022-08-29 | Dividend | Annual General Meeting/Dividend - Rs 7.50 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2020-09-16 | Other | Annual General Meeting |
| 2020-03-11 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2019-08-13 | Dividend | Annual General Meeting/Dividend - Rs 6 Per Share |
| 2018-07-26 | Dividend | Annual General Meeting/Dividend- Rs 4 Per Share |
| 2017-08-23 | Dividend | Annual General Meeting/Dividend - Re 1/- Per Share |
| 2016-09-16 | Other | Annual General Meeting |
| 2015-08-21 | Other | Annual General Meeting |
| 2014-09-08 | Dividend | Annual General Meeting / Final Dividend - Re 1/- Per Share |
| 2013-09-05 | Dividend | Annual General Meeting / Final Dividend - Rs 2/- Per Share |
| 2013-03-14 | Dividend | Interim Dividend Rs 4 Per Share |
| 2012-09-03 | Dividend | Annual General Meeting/Dividend Rs 3 Per Share |
| 2011-09-13 | Dividend | Annual General Meeting/Dividend Rs 1.50 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Bio-Based Specialities and Performance Chemicals: Manufacturing, sales and marketing of: • Bio-based Glycols (MEG, DEG, TEG and Heavy Glycols), Glycol Ethers, Glycol Ether Acetates. • Bio-based Ethylene Oxide. • Industrial Gases, Bio Polymers etc.
- Potable Spirits: Manufacturing, sales and marketing of Potable Spirits - Indian Made Foreign Liquor (IMFL), Branded Country Liquor and Extra Neutral Alcohol (ENA).
- Ennature Bio-pharma: Manufacturing, sales and marketing of Nutraceuticals and API.
- Bio-Fuel: Power Alcohol (DAE)
| Sector | Fast Moving Consumer Goods |
| Industry | Breweries & Distilleries |
| Sub-industry | Breweries & Distilleries |
| Symbol | INDIAGLYCO |
| BSE code | 500201 |
| ISIN | INE560A01023 |
| Face value | ₹5.0 |
| Incorporated | 1983-11-19 |
| Website | www.indiaglycols.com |
| Plants (India / abroad) | 3 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.