Rs. 10 per/sh By This Chemical Stock: Record Date Announced; Buy This Small Cap?

A small-cap firm operating in IG Petrochemicals Limited has announced the record data for the final dividend of Rs. 10 per share. The announcement was made on July 10 via exchange filing.

"We wish to inform you that the Register of Members and Share Transfer Books of the Company will remain closed from Friday, 1st August, 2025, to Tuesday, 5th August, 2025 (both days inclusive), for the purpose of the Annual General Meeting (AGM) and determining the names of members eligible to receive a dividend. The record date for this purpose is Thursday, 31st July, 2025. The dividend, if approved at the AGM, will be paid on or after 14th August, 2025," the company said in a filing.

IG Petrochemicals share price

IG Petrochemicals share price closed at Rs. 466.50, down 1.36% for the day. The stock has been under pressure recently, slipping 4.35% over the past five days and 4.07% in the past month.

Over a longer period, it has declined 10.50% in the last six months, reflecting weak investor sentiment despite broader market movement.

Dividend Details and Record Date

The Board of Directors of IG Petrochemicals has recommended a final dividend of Rs. 10 per equity share (100%) for the financial year 2024-25. The record date to determine eligible shareholders is set for July 31, 2025. Those holding shares on this date will qualify for the dividend, which is scheduled to be paid on or after August 14, 2025, subject to approval at the upcoming Annual General Meeting (AGM).

The AGM will be held on August 7, 2025, via video conferencing and other audio-visual means. The book closure period will be from August 1 to August 5, 2025, for AGM and dividend entitlement purposes. In recent years, the company paid a dividend of Rs. 7.50 per share in 2024 and Rs. 10.00 per share in both 2023 and 2022, reflecting a consistent payout trend.

IG Petrochemical Financials

In Q4 FY25, IG Petrochemicals reported a 13.96% year-on-year drop in revenue to ₹484.63 crore and a 14.35% decline on a quarterly basis. Despite the fall in revenue, net profit surged 109.73% YoY to ₹18.96 crore, though it was down 33.57% compared to the previous quarter. The company's net profit margin improved to 3.91%, up 143.75% YoY, but declined 22.44% QoQ.

About IG Petrochemical

IG Petrochemicals Limited, established in 1988, is a leading manufacturer of phthalic anhydride in India. The company operates a state-of-the-art manufacturing facility in Taloja, Maharashtra, and is recognised for its robust presence in the chemicals sector. IGPL's core business revolves around the production and sale of organic chemicals, primarily serving industries such as plastics, paints, dyes, and resins.