Key Events This Week
Feb 9: Stock opens week at Rs.362.25, gaining 1.27%
Feb 10: Continued gains to Rs.367.80 (+1.53%)
Feb 11: Minor pullback to Rs.365.00 (-0.76%)
Feb 12: Q3 results reveal margin collapse; stock drops 5.03% to Rs.346.65
Feb 13: Stock hits 52-week low of Rs.340.25, closes at Rs.336.05 (-3.06%)
Strong Start to the Week with Early Gains
On 9 February 2026, I G Petrochemicals opened the week positively at Rs.362.25, up 1.27% from the previous Friday’s close of Rs.357.70. This outpaced the Sensex’s 1.04% gain to 37,113.23, signalling initial investor optimism. The momentum continued on 10 February, with the stock rising a further 1.53% to Rs.367.80, outperforming the Sensex’s modest 0.25% advance. Trading volumes remained moderate, with 985 and 921 shares respectively, indicating steady participation.
Midweek Pullback Ahead of Quarterly Results
On 11 February, the stock experienced a slight correction, closing at Rs.365.00, down 0.76%. This minor retreat contrasted with the Sensex’s continued, albeit slower, rise of 0.13% to 37,256.72. The dip preceded the release of the company’s Q3 FY26 results, which would prove pivotal for the stock’s direction.
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Q3 FY26 Results Trigger Sharp Decline
The release of Q3 FY26 results on 12 February marked a turning point. I G Petrochemicals reported a significant margin collapse, pushing the company into loss territory. Profit Before Tax (PBT) excluding other income plunged to a loss of Rs.18.31 crore, a dramatic 557.5% decline compared to the previous four-quarter average. Profit After Tax (PAT) also deteriorated sharply to a loss of Rs.10.86 crore, down 233.6% from the prior average.
This financial setback was reflected in the stock’s performance, which fell 5.03% to close at Rs.346.65 on heavy volume of 2,442 shares, signalling strong selling pressure. The Sensex meanwhile declined 0.56% to 37,049.40, indicating broader market weakness but less severe than the stock’s fall.
Continued Downtrend and New 52-Week Low
On 13 February, the stock extended its losses, dropping 3.06% to close at Rs.336.05, hitting a fresh 52-week low of Rs.340.25 during intraday trading. This marked a three-day consecutive decline totalling 7.19%, underscoring persistent negative sentiment. The Sensex fell 1.40% to 36,532.48, a sharper decline than previous days but still less pronounced than I G Petrochemicals’ slide.
The stock’s position below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, confirms a sustained bearish trend. The company’s Return on Capital Employed (ROCE) remains low at 4.51% for the half-year, reflecting limited capital efficiency amid challenging conditions.
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Daily Price Comparison: I G Petrochemicals vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.362.25 | +1.27% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.367.80 | +1.53% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.365.00 | -0.76% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.346.65 | -5.03% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.336.05 | -3.06% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: Despite the recent downturn, I G Petrochemicals maintains a low debt-to-equity ratio of 0.06 times, indicating limited financial leverage. Its enterprise value to capital employed ratio of 0.8 suggests valuation attractiveness relative to peers. The recent Mojo Grade upgrade from Strong Sell to Sell reflects some stabilisation in market sentiment.
Cautionary Signals: The company’s operating profit has contracted at an annualised rate of -40.66% over five years, signalling prolonged financial stress. The latest quarterly losses are severe, with PBT and PAT plunging by over 200% compared to prior averages. The stock’s consistent underperformance relative to the Sensex and BSE500 index, combined with its position below all major moving averages, underscores a sustained bearish trend. Additionally, the absence of domestic mutual fund ownership highlights a cautious market perception.
Conclusion
I G Petrochemicals Ltd’s week was dominated by a sharp deterioration in financial performance and a consequent steep decline in its share price. The margin collapse reported in Q3 FY26 triggered a sell-off that pushed the stock to a 52-week low, underperforming the broader market significantly. While valuation metrics and low leverage offer some relative appeal, the persistent losses and weak operational metrics continue to weigh heavily on investor confidence. The stock’s current trajectory reflects ongoing challenges within the commodity chemicals sector and the company’s own financial health, suggesting a cautious outlook for the near term.
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