Indo Gulf Industries Ltd

IGLFXPL-B

Watchlist

AI Mode

‌

Market Cap

₹ 2 Cr

P/E

0.54

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

STEADY PERFORMER

Valuation

REASONABLE

Growth

EXCEPTIONAL

Profitability

HIGH MARGIN

Technicals

Neutral

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Indo Gulf Industries, established in 1981, specializes in manufacturing industrial explosives and accessories primarily for open-cast coal mines.

The company has multiple manufacturing facilities across India, including Jhansi, Korba, Singrauli, Talcher, and Ib Valley, for explosives production.

Indo Gulf Industries has partnered with Trans Ocean Gulf Oil (US) for technical collaboration in manufacturing explosives.

Expanding operations include setting up a new packaged explosive unit in Bendrachuan village to cater to Coal India Ltd's requirements.

In addition to explosives, Indo Gulf manufactures white crystal sugar, utilizing molasses for alcohol production and bagasse for power generation.

Sector

Chemicals

Industry

Industrial Explosives

Market Cap

2 Cr

Volatility

Low Risk

P/E Ratio

0.5

Industry P/E

78.0

PEG Ratio

0.0

P/B Ratio

0.2

52W High

2.15

52W Low

1.87

Sales CAGR

37.81%

19.29%

35.67%

10Y

—

Profit CAGR

341.89%

59.16%

101.24%

10Y

—

ROE

TTM

29.19%

75.24%

147.44%

10Y

-157.53%

ROCE

TTM

26.41%

34.71%

31.36%

10Y

22.06%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
LIMECHM	12.73	8 Cr	—	4.59	0.00	-0.19	2.57	-0.11
AVI	18.73	8 Cr	2.51	1.01	0.00	38.41	51.50	17.12
CJGEL	15.85	8 Cr	63.40	4.09	0.00	3.14	6.30	0.37
PATRON	3.16	7 Cr	5.27	0.21	0.00	—	—	0.00
IGLFXPL-B	2.15	2 Cr	0.54	0.16	0.00	29.19	26.41	4.94
NIRBHAYIND	—	0 Cr	11.11	0.10	5.00	0.88	0.37	0.10
ZSOUTGAS	25.00	0 Cr	0.03	0.00	204.44	8.53	11.15	6.26

Financial Statements

AI Powered Summary

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	53	33	38	55	63	52	61	71	70	47
Expenses	50	31	39	55	59	49	58	71	66	46
Operating Profit	2.26	1.75	-0.55	0.51	4.31	2.92	3.54	0.82	3.47	1.34
OPM %	4.30	5.28	-1.43	0.93	6.86	5.65	5.79	1.15	4.96	2.84
Other Income	0.02	0.08	0.29	0.13	0.05	0.08	0.07	0.23	0.10	0.11
Interest	0.03	0.20	0.25	0.21	0.15	0.03	0.13	0.18	0.13	0.12
Depreciation	0.33	0.38	0.48	0.34	0.39	0.41	0.46	1.24	0.65	0.67
Profit Before Tax	1.91	1.25	-0.99	0.09	3.82	2.56	3.02	-0.36	2.79	0.66
Tax %	27.75	99.20	25.25	-822.22	28.53	32.42	25.17	47.22	62.72	-3.03
Net Profit	1.38	0.01	-0.74	0.83	2.73	1.73	2.26	-0.19	1.04	0.67
EPS in Rs	1.44	0.01	-0.78	0.87	2.86	1.81	2.37	-0.20	1.09	0.70

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	0.00	0.00	13	54	71	146	207	179	247	254
Expenses	0.54	1.66	15	55	70	143	199	175	235	243
Operating Profit	-0.54	-1.66	-1.04	-1.63	0.37	2.77	7.94	3.96	12	11
OPM %	—	—	-7.72	-3.03	0.52	1.91	3.84	2.21	4.69	4.23
Other Income	0.13	0.84	0.06	2.66	1.27	0.24	0.36	0.51	0.43	0.48
Interest	0.00	0.02	0.09	0.16	0.38	0.38	0.31	0.69	0.48	0.47
Depreciation	0.09	0.10	0.42	0.53	0.68	0.81	1.21	1.52	2.49	2.76
Profit Before Tax	-0.51	-0.93	-1.48	0.34	0.58	1.82	6.78	2.26	9.04	8.01
Tax %	0.00	0.00	-9.97	41.56	26.47	10.76	5.02	34.64	27.74	39.58
Net Profit	-0.51	-0.93	-1.63	0.20	0.43	1.62	6.44	1.48	6.54	4.84
EPS in Rs	-0.54	-0.92	-1.69	0.13	0.09	1.55	6.11	1.54	6.84	3.96
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

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	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96
Reserves	-3.34	-3.84	-4.77	-6.40	-6.20	-5.78	-4.16	2.28	3.76	10
Borrowings	5.58	5.58	8.78	14	15	16	15	14	15	12
Other Liabilities	0.79	0.79	1.34	3.30	9.64	9.81	14	18	28	34
Total Liabilities	4.00	3.49	6.31	11	19	21	26	35	47	57
Fixed Assets	1.48	1.39	2.78	7.43	8.86	10	15	21	31	42
CWIP	0.00	0.00	0.45	0.00	0.27	0.58	0.26	1.41	3.39	4.02
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.52	2.10	3.08	3.93	9.79	11	11	13	13	11
Total Assets	4.00	3.49	6.31	11	19	21	26	35	47	57

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-13	-0.05	5.45	-1.00	6.73	9.86	14	17
Cash from Investing Activity	-0.53	-2.22	-2.29	-2.25	-4.95	-8.45	-14	-14
Cash from Financing Activity	12	2.31	-3.28	3.24	-1.46	-1.52	0.45	-3.78
Net Cash Flow	-1.33	0.05	-0.12	-0.01	0.32	-0.11	0.51	-0.16

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	53.43%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%	53.96%
FIIs	0.00%	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	1.20%	1.20%	1.20%	1.21%	1.21%	1.21%	1.21%	1.21%	1.21%	1.21%	1.21%	1.21%
Public	45.37%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%	44.83%
Total Shareholders	18,207	17,955	17,954	17,953	17,952	17,953	17,950	17,950	17,950	17,949	17,949	17,947

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Overview

Detailed Summary

Indo Gulf Industries, established in 1981, specializes in manufacturing industrial explosives and accessories primarily for open-cast coal mines.

The company has multiple manufacturing facilities across India, including Jhansi, Korba, Singrauli, Talcher, and Ib Valley, for explosives production.

Indo Gulf Industries has partnered with Trans Ocean Gulf Oil (US) for technical collaboration in manufacturing explosives.

Expanding operations include setting up a new packaged explosive unit in Bendrachuan village to cater to Coal India Ltd's requirements.

In addition to explosives, Indo Gulf manufactures white crystal sugar, utilizing molasses for alcohol production and bagasse for power generation.

Sector

Chemicals

Industry

Industrial Explosives

Market Cap

2 Cr

Volatility

Low Risk

P/E Ratio

0.5

Industry P/E

78.0

PEG Ratio

0.0

P/B Ratio

0.2

52W High

2.15

52W Low

1.87

Sales CAGR

37.81%

19.29%

35.67%

10Y

—

Profit CAGR

341.89%

59.16%

101.24%

10Y

—

ROE

TTM

29.19%

75.24%

147.44%

10Y

-157.53%

ROCE

TTM

26.41%

34.71%

31.36%

10Y

22.06%

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

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	53	33	38	55	63	52	61	71	70	47
Expenses	50	31	39	55	59	49	58	71	66	46
Operating Profit	2.26	1.75	-0.55	0.51	4.31	2.92	3.54	0.82	3.47	1.34
OPM %	4.30	5.28	-1.43	0.93	6.86	5.65	5.79	1.15	4.96	2.84
Other Income	0.02	0.08	0.29	0.13	0.05	0.08	0.07	0.23	0.10	0.11
Interest	0.03	0.20	0.25	0.21	0.15	0.03	0.13	0.18	0.13	0.12
Depreciation	0.33	0.38	0.48	0.34	0.39	0.41	0.46	1.24	0.65	0.67
Profit Before Tax	1.91	1.25	-0.99	0.09	3.82	2.56	3.02	-0.36	2.79	0.66
Tax %	27.75	99.20	25.25	-822.22	28.53	32.42	25.17	47.22	62.72	-3.03
Net Profit	1.38	0.01	-0.74	0.83	2.73	1.73	2.26	-0.19	1.04	0.67
EPS in Rs	1.44	0.01	-0.78	0.87	2.86	1.81	2.37	-0.20	1.09	0.70

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	0.00	0.00	13	54	71	146	207	179	247	254
Expenses	0.54	1.66	15	55	70	143	199	175	235	243
Operating Profit	-0.54	-1.66	-1.04	-1.63	0.37	2.77	7.94	3.96	12	11
OPM %	—	—	-7.72	-3.03	0.52	1.91	3.84	2.21	4.69	4.23
Other Income	0.13	0.84	0.06	2.66	1.27	0.24	0.36	0.51	0.43	0.48
Interest	0.00	0.02	0.09	0.16	0.38	0.38	0.31	0.69	0.48	0.47
Depreciation	0.09	0.10	0.42	0.53	0.68	0.81	1.21	1.52	2.49	2.76
Profit Before Tax	-0.51	-0.93	-1.48	0.34	0.58	1.82	6.78	2.26	9.04	8.01
Tax %	0.00	0.00	-9.97	41.56	26.47	10.76	5.02	34.64	27.74	39.58
Net Profit	-0.51	-0.93	-1.63	0.20	0.43	1.62	6.44	1.48	6.54	4.84
EPS in Rs	-0.54	-0.92	-1.69	0.13	0.09	1.55	6.11	1.54	6.84	3.96
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

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	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96	0.96
Reserves	-3.34	-3.84	-4.77	-6.40	-6.20	-5.78	-4.16	2.28	3.76	10
Borrowings	5.58	5.58	8.78	14	15	16	15	14	15	12
Other Liabilities	0.79	0.79	1.34	3.30	9.64	9.81	14	18	28	34
Total Liabilities	4.00	3.49	6.31	11	19	21	26	35	47	57
Fixed Assets	1.48	1.39	2.78	7.43	8.86	10	15	21	31	42
CWIP	0.00	0.00	0.45	0.00	0.27	0.58	0.26	1.41	3.39	4.02
Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	2.52	2.10	3.08	3.93	9.79	11	11	13	13	11
Total Assets	4.00	3.49	6.31	11	19	21	26	35	47	57

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2011	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-13	-0.05	5.45	-1.00	6.73	9.86	14	17
Cash from Investing Activity	-0.53	-2.22	-2.29	-2.25	-4.95	-8.45	-14	-14
Cash from Financing Activity	12	2.31	-3.28	3.24	-1.46	-1.52	0.45	-3.78
Net Cash Flow	-1.33	0.05	-0.12	-0.01	0.32	-0.11	0.51	-0.16

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
LIMECHM	12.73	8 Cr	—	4.59	0.00	-0.19	2.57	-0.11
AVI	18.73	8 Cr	2.51	1.01	0.00	38.41	51.50	17.12
CJGEL	15.85	8 Cr	63.40	4.09	0.00	3.14	6.30	0.37
PATRON	3.16	7 Cr	5.27	0.21	0.00	—	—	0.00
IGLFXPL-B	2.15	2 Cr	0.54	0.16	0.00	29.19	26.41	4.94
NIRBHAYIND	—	0 Cr	11.11	0.10	5.00	0.88	0.37	0.10
ZSOUTGAS	25.00	0 Cr	0.03	0.00	204.44	8.53	11.15	6.26