India Gelatine & Chemicals Ltd

INDGELA

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Market Cap

₹ 239 Cr

P/E

10.49

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Investment Checklist

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Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

HIGH MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

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Price

PE Ratio

Price

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Overview

Detailed Summary

India Gelatine & Chemicals Limited specializes in manufacturing Ossein, Di-Calcium Phosphate, and Gelatine, catering to global markets with high international compliance.

Established in 1973, the company has gained a reputation for quality, exporting to regions like the USA, EU, Japan, Korea, and the Middle East.

The company emphasizes innovation and stakeholder collaboration and has received several accolades for its products and operational excellence.

IGCL operates a captive power plant and has transitioned to using natural gas as an energy source, reflecting its commitment to sustainability.

Recent investments in solar energy infrastructure indicate the company’s focus on sustainable growth and operational efficiency.

Sector

Chemicals

Industry

Chemicals - Gelatine

Market Cap

239 Cr

Volatility

Low Risk

P/E Ratio

10.5

Industry P/E

9.9

PEG Ratio

0.2

P/B Ratio

1.3

52W High

408.95

52W Low

307.00

Sales CAGR

-3.55%

7.49%

8.52%

10Y

8.46%

Profit CAGR

-38.75%

45.79%

26.56%

10Y

18.89%

ROE

TTM

12.54%

15.08%

12.00%

10Y

8.29%

ROCE

TTM

16.34%

18.50%

14.76%

10Y

9.83%

Technicals

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Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DUCOL	160.00	260 Cr	56.34	2.88	0.00	5.30	6.97	3.00
DIAMINESQ	263.00	257 Cr	—	1.67	0.38	-3.21	-2.46	-2.64
INDGELA	337.10	239 Cr	10.49	1.32	1.48	12.54	16.34	10.81
SADHNANIQ	7.12	235 Cr	—	0.96	1.40	-8.30	-0.34	-3.41
KESARPE	24.00	234 Cr	13.97	1.50	0.00	10.75	10.42	6.92
CHEMBOND	165.45	223 Cr	15.45	1.38	1.06	8.91	9.72	6.82
ARVEE	198.68	219 Cr	536.97	6.96	0.00	1.28	2.12	0.99

Financial Statements

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Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	58	49	48	51	50	43	53	53	39	47
Expenses	46	41	40	44	44	39	48	46	31	38
Operating Profit	12	7.59	7.58	7.45	5.84	3.69	4.10	7.52	7.91	8.63
OPM %	21.36	15.58	15.84	14.55	11.66	8.64	7.80	14.15	20.23	18.40
Other Income	2.14	1.91	2.54	1.65	2.32	1.87	1.68	1.80	2.20	1.84
Interest	0.12	0.20	0.13	0.28	0.17	0.11	0.12	0.28	0.11	0.11
Depreciation	1.17	1.19	1.18	1.72	1.34	1.36	1.42	1.38	1.15	1.16
Profit Before Tax	13	8.10	8.81	7.10	6.66	4.09	4.24	7.66	8.84	9.20
Tax %	24.30	31.85	11.35	29.30	24.32	24.69	16.27	25.46	19.91	30.00
Net Profit	10	5.52	7.81	5.02	5.04	3.09	3.56	5.71	7.08	6.44
EPS in Rs	14.15	7.79	11.01	7.08	7.10	4.36	5.01	8.05	9.99	9.08

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	76	98	112	132	144	160	205	206	199	188
Expenses	74	96	107	125	135	153	172	171	177	164
Operating Profit	1.81	1.88	5.45	6.55	8.44	7.34	33	35	21	23
OPM %	2.39	1.92	4.86	4.96	5.86	4.59	16.28	17.02	10.66	12.38
Other Income	5.85	4.36	3.58	3.46	4.66	3.80	3.15	8.24	7.67	7.55
Interest	0.00	0.00	0.01	0.16	0.17	0.19	0.65	0.74	0.68	0.62
Depreciation	3.41	3.23	3.34	3.44	3.65	3.60	3.85	5.26	5.50	5.31
Profit Before Tax	3.01	2.70	5.68	6.41	9.28	7.34	32	37	23	25
Tax %	-5.10	16.29	-1.29	16.41	23.37	23.59	25.47	23.82	23.22	21.71
Net Profit	3.17	2.26	5.75	5.36	7.11	5.61	24	28	17	19
EPS in Rs	4.17	3.30	8.12	7.55	10.01	7.92	33.69	40.03	24.52	32.13
Dividend Payout %	26.71	68.97	43.16	19.87	24.93	31.61	10.39	2.50	20.39	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.40	9.40	7.09	7.09	7.09	7.09	7.09	7.09	7.09	7.09
Reserves	112	115	92	95	97	103	108	129	147	164
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10	8.01	5.84
Other Liabilities	35	17	17	14	19	17	22	33	22	17
Total Liabilities	157	141	115	116	124	127	136	180	184	195
Fixed Assets	45	44	42	42	43	40	41	60	69	68
CWIP	0.41	1.09	0.29	0.47	0.27	0.34	0.63	4.38	1.80	0.72
Investments	6.79	36	30	30	28	34	33	43	44	55
Other Assets	104	60	43	44	53	52	62	73	70	71
Total Assets	157	141	115	116	124	127	136	180	184	195

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	3.80	-4.31	15	4.94	7.49	6.14	8.92	18	18	21
Cash from Investing Activity	7.81	-27	-19	-1.05	-3.10	-6.27	-7.93	-21	-7.69	-17
Cash from Financing Activity	-1.70	-1.02	-0.80	-1.71	-3.15	-1.25	-1.85	6.58	-13	-3.62
Net Cash Flow	9.92	-32	-5.28	2.18	1.24	-1.39	-0.86	3.23	-2.58	-0.07

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Jan 2025	Feb 2025	Mar 2025	Jun 2025	Sep 2025
Promoters	61.44%	61.44%	61.44%	61.44%	61.44%	61.44%	47.34%	61.48%	61.48%	61.48%	69.05%	69.05%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.62%	0.00%	0.00%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.03%	0.46%	0.46%	0.79%	0.01%	0.01%
Public	38.55%	38.55%	38.55%	38.55%	38.55%	38.55%	52.63%	38.06%	38.06%	37.11%	30.94%	30.94%
Total Shareholders	5,499	5,742	6,233	7,150	7,161	7,180	7,000	6,802	6,802	6,517	6,415	6,395

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Apr 14, 2025	Ashok matches and timber indu...	Insider - Promoter	Acquisition	10.00	0.54 Cr	5,36,597	7.56
Dec 10, 2024	Olive speciality services llp	Insider - Promoter Group	Disposal	1.00	0.10 Cr	10,00,000	14.0
Dec 05, 2024	Olive speciality services llp .	Bulk	Sell	408.88	40.89 Cr	10,00,000	14.0
Dec 05, 2024	Narmada gelatines limited	Bulk	Buy	408.86	41.01 Cr	10,03,000	14.1

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Corporate Action

4 days ago

Postal Ballot Notice and E-Voting Information

India Gelatine & Chemicals Limited published a newspaper advertisement regarding the completion of the Postal Ballot Notice dispatch and details on e-voting for its members.

Postal Ballot

4 days ago

Appointment of Whole-Time Director via Postal Ballot

India Gelatine & Chemicals Limited is conducting a Postal Ballot to seek shareholders' approval for the appointment of Mr. P. Velmurugan as Whole-Time Director for a five-year term beginning December 1, 2025.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Financial Statements

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Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Quarterly Results (in ₹ Crores)

Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	58	49	48	51	50	43	53	53	39	47
Expenses	46	41	40	44	44	39	48	46	31	38
Operating Profit	12	7.59	7.58	7.45	5.84	3.69	4.10	7.52	7.91	8.63
OPM %	21.36	15.58	15.84	14.55	11.66	8.64	7.80	14.15	20.23	18.40
Other Income	2.14	1.91	2.54	1.65	2.32	1.87	1.68	1.80	2.20	1.84
Interest	0.12	0.20	0.13	0.28	0.17	0.11	0.12	0.28	0.11	0.11
Depreciation	1.17	1.19	1.18	1.72	1.34	1.36	1.42	1.38	1.15	1.16
Profit Before Tax	13	8.10	8.81	7.10	6.66	4.09	4.24	7.66	8.84	9.20
Tax %	24.30	31.85	11.35	29.30	24.32	24.69	16.27	25.46	19.91	30.00
Net Profit	10	5.52	7.81	5.02	5.04	3.09	3.56	5.71	7.08	6.44
EPS in Rs	14.15	7.79	11.01	7.08	7.10	4.36	5.01	8.05	9.99	9.08

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	76	98	112	132	144	160	205	206	199	188
Expenses	74	96	107	125	135	153	172	171	177	164
Operating Profit	1.81	1.88	5.45	6.55	8.44	7.34	33	35	21	23
OPM %	2.39	1.92	4.86	4.96	5.86	4.59	16.28	17.02	10.66	12.38
Other Income	5.85	4.36	3.58	3.46	4.66	3.80	3.15	8.24	7.67	7.55
Interest	0.00	0.00	0.01	0.16	0.17	0.19	0.65	0.74	0.68	0.62
Depreciation	3.41	3.23	3.34	3.44	3.65	3.60	3.85	5.26	5.50	5.31
Profit Before Tax	3.01	2.70	5.68	6.41	9.28	7.34	32	37	23	25
Tax %	-5.10	16.29	-1.29	16.41	23.37	23.59	25.47	23.82	23.22	21.71
Net Profit	3.17	2.26	5.75	5.36	7.11	5.61	24	28	17	19
EPS in Rs	4.17	3.30	8.12	7.55	10.01	7.92	33.69	40.03	24.52	32.13
Dividend Payout %	26.71	68.97	43.16	19.87	24.93	31.61	10.39	2.50	20.39	—

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.40	9.40	7.09	7.09	7.09	7.09	7.09	7.09	7.09	7.09
Reserves	112	115	92	95	97	103	108	129	147	164
Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10	8.01	5.84
Other Liabilities	35	17	17	14	19	17	22	33	22	17
Total Liabilities	157	141	115	116	124	127	136	180	184	195
Fixed Assets	45	44	42	42	43	40	41	60	69	68
CWIP	0.41	1.09	0.29	0.47	0.27	0.34	0.63	4.38	1.80	0.72
Investments	6.79	36	30	30	28	34	33	43	44	55
Other Assets	104	60	43	44	53	52	62	73	70	71
Total Assets	157	141	115	116	124	127	136	180	184	195

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	3.80	-4.31	15	4.94	7.49	6.14	8.92	18	18	21
Cash from Investing Activity	7.81	-27	-19	-1.05	-3.10	-6.27	-7.93	-21	-7.69	-17
Cash from Financing Activity	-1.70	-1.02	-0.80	-1.71	-3.15	-1.25	-1.85	6.58	-13	-3.62
Net Cash Flow	9.92	-32	-5.28	2.18	1.24	-1.39	-0.86	3.23	-2.58	-0.07

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DUCOL	160.00	260 Cr	56.34	2.88	0.00	5.30	6.97	3.00
DIAMINESQ	263.00	257 Cr	—	1.67	0.38	-3.21	-2.46	-2.64
INDGELA	337.10	239 Cr	10.49	1.32	1.48	12.54	16.34	10.81
SADHNANIQ	7.12	235 Cr	—	0.96	1.40	-8.30	-0.34	-3.41
KESARPE	24.00	234 Cr	13.97	1.50	0.00	10.75	10.42	6.92
CHEMBOND	165.45	223 Cr	15.45	1.38	1.06	8.91	9.72	6.82
ARVEE	198.68	219 Cr	536.97	6.96	0.00	1.28	2.12	0.99

Overview

Detailed Summary

India Gelatine & Chemicals Limited specializes in manufacturing Ossein, Di-Calcium Phosphate, and Gelatine, catering to global markets with high international compliance.

Established in 1973, the company has gained a reputation for quality, exporting to regions like the USA, EU, Japan, Korea, and the Middle East.

The company emphasizes innovation and stakeholder collaboration and has received several accolades for its products and operational excellence.

IGCL operates a captive power plant and has transitioned to using natural gas as an energy source, reflecting its commitment to sustainability.

Recent investments in solar energy infrastructure indicate the company’s focus on sustainable growth and operational efficiency.

Sector

Chemicals

Industry

Chemicals - Gelatine

Market Cap

239 Cr

Volatility

Low Risk

P/E Ratio

10.5

Industry P/E

9.9

PEG Ratio

0.2

P/B Ratio

1.3

52W High

408.95

52W Low

307.00

Sales CAGR

-3.55%

7.49%

8.52%

10Y

8.46%

Profit CAGR

-38.75%

45.79%

26.56%

10Y

18.89%

ROE

TTM

12.54%

15.08%

12.00%

10Y

8.29%

ROCE

TTM

16.34%

18.50%

14.76%

10Y

9.83%