# Chemicals - Organic - Maleic Anhydride — company-by-company sector analysis > Chemicals - Organic - Maleic Anhydride: I G Petrochemicals Ltd owns the largest revenue base AND the fastest current growth. Sector Alpha — machine-written from the numbers. Data as of 2026-08-16. Not investment advice. ## Bottom line Chemicals - Organic - Maleic Anhydride has outperformed NIFTY 500 by 6.1% over 52 weeks and 1% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. I G Petrochemicals Ltd leads with revenue of ₹2,072 crore, based on 1 of 1 comparable companies through Jun 2026. ## Sector relative strength Chemicals - Organic - Maleic Anhydride has outperformed NIFTY 500 by 6.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 1%. 1 of 1 covered company currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. I G Petrochemicals Ltd is the strongest against the sector itself at 0%. 13-week sector return versus NIFTY 500: -1.0% 52-week sector return versus NIFTY 500: 6.1% Stocks leading NIFTY: 1/1 Stocks leading sector: 0/1 Central tension: The central tension: current leadership is concentrated, so durability matters more than rank. Companies: 1 Combined market value: ₹1.4K Cr ## 4-Factor Sector Score An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment. 1. I G Petrochemicals Ltd (IGPL): 41/100 — Mixed-negative evidence; evidence 76% - Growth & earnings 13.1/35 | Capital efficiency 6.6/25 | Valuation 9.1/20 | Relative strength 12.5/20 - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it. - Led NIFTY 500 by 5%+ over the prior 13 weeks in 7 of the last 12 weeks - Exact sum: 13.1 + 6.6 + 9.1 + 12.5 = 41.3 - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. ## Market action I G Petrochemicals Ltd has the strongest one-year price move in Chemicals - Organic - Maleic Anhydride at -1%. It also leads on Mansfield relative strength against NIFTY at +9.4%. 1 of 1 covered company is above zero on that measure. Every line covers 313 weekly closes through 2026-08-14. ### Strongest one-year price performers 1. I G Petrochemicals Ltd (IGPL): -1.0% ### Strongest relative strength versus NIFTY 500 1. I G Petrochemicals Ltd (IGPL): 9.4% ## Revenue Scale & Growth Durability What the numbers say: I G Petrochemicals Ltd is the scale leader at ₹2,072 crore, I G Petrochemicals Ltd's growth is -0.9% from a ₹2,072 crore base, with 15 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale. Investor read: I G Petrochemicals Ltd is the scale benchmark; I G Petrochemicals Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns. This conclusion weakens if: I G Petrochemicals Ltd's growth falls below I G Petrochemicals Ltd's for two consecutive comparable reports while operating margin also compresses. Evidence: I G Petrochemicals Ltd · ₹2,072 crore | Not enough peers | 4/8 recent comparable periods | 1/1 companies · 15 observations Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress. ### Revenue — largest 1. I G Petrochemicals Ltd (IGPL): ₹2.1K Cr ### Revenue growth — fastest growers 1. I G Petrochemicals Ltd (IGPL): -0.9% ### 20-quarter Revenue history - IGPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹518 Cr | Mar 2023 ₹605 Cr | Jun 2023 ₹555 Cr | Sep 2023 ₹502 Cr | Dec 2023 ₹488 Cr | Mar 2024 ₹554 Cr | Jun 2024 ₹585 Cr | Sep 2024 ₹583 Cr | Dec 2024 ₹558 Cr | Mar 2025 ₹480 Cr | Jun 2025 ₹470 Cr | Sep 2025 ₹465 Cr | Dec 2025 ₹465 Cr | Mar 2026 ₹524 Cr | Jun 2026 ₹618 Cr ### 20-quarter Revenue growth history - IGPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -5.8% | Mar 2024 -8.4% | Jun 2024 5.4% | Sep 2024 16% | Dec 2024 14% | Mar 2025 -13% | Jun 2025 -20% | Sep 2025 -20% | Dec 2025 -17% | Mar 2026 9.2% | Jun 2026 31% ## Operating Economics & Margin Trend What the numbers say: I G Petrochemicals Ltd leads both opm at 18% and margin change at +18.1 percentage points. Investor read: I G Petrochemicals Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current margin change signal. Evidence: I G Petrochemicals Ltd · 18% | Not enough peers | 5/8 recent comparable periods | 1/1 companies · 20 observations Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth. ### OPM — highest 1. I G Petrochemicals Ltd (IGPL): 18% ### Margin change — fastest expanders 1. I G Petrochemicals Ltd (IGPL): +18.1 pp ### 20-quarter OPM history - IGPL: Sep 2021 21% | Dec 2021 22% | Mar 2022 22% | Jun 2022 18% | Sep 2022 15% | Dec 2022 9.0% | Mar 2023 11% | Jun 2023 11% | Sep 2023 5.0% | Dec 2023 -1.2% | Mar 2024 4.7% | Jun 2024 11% | Sep 2024 11% | Dec 2024 8.0% | Mar 2025 10% | Jun 2025 -0.1% | Sep 2025 4.3% | Dec 2025 1.8% | Mar 2026 13% | Jun 2026 18% ### 20-quarter Margin change history - IGPL: Sep 2021 +3.5 pp | Dec 2021 −8.5 pp | Mar 2022 −12.2 pp | Jun 2022 −3.5 pp | Sep 2022 −5.7 pp | Dec 2022 −13.1 pp | Mar 2023 −10.9 pp | Jun 2023 −7.2 pp | Sep 2023 −10.0 pp | Dec 2023 −10.2 pp | Mar 2024 −6.3 pp | Jun 2024 0.0 pp | Sep 2024 +6.0 pp | Dec 2024 +9.2 pp | Mar 2025 +5.3 pp | Jun 2025 −11.1 pp | Sep 2025 −6.7 pp | Dec 2025 −6.2 pp | Mar 2026 +3.0 pp | Jun 2026 +18.1 pp ## Profit Scale & Acceleration What the numbers say: I G Petrochemicals Ltd leads net profit at ₹81 crore; the second comparison lacks enough current evidence. Investor read: I G Petrochemicals Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current profit growth signal. Evidence: I G Petrochemicals Ltd · ₹81 crore | Not enough peers | 3/8 recent comparable periods | 1/1 companies · 15 observations Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank. ### Net profit — largest 1. I G Petrochemicals Ltd (IGPL): ₹81 Cr ### Profit growth — fastest growers ### 20-quarter Net profit history - IGPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹25 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹36 Cr | Sep 2023 ₹10 Cr | Dec 2023 ₹-15 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹35 Cr | Sep 2024 ₹26 Cr | Dec 2024 ₹29 Cr | Mar 2025 ₹19 Cr | Jun 2025 ₹-13 Cr | Sep 2025 ₹-2 Cr | Dec 2025 ₹-11 Cr | Mar 2026 ₹28 Cr | Jun 2026 ₹66 Cr ### 20-quarter Profit growth history - IGPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -160% | Mar 2024 -76% | Jun 2024 -2.8% | Sep 2024 160% | Dec 2024 — | Mar 2025 111% | Jun 2025 -137% | Sep 2025 -108% | Dec 2025 -138% | Mar 2026 47% | Jun 2026 — ## Return On Capital Employed What the numbers say: I G Petrochemicals Ltd leads ROCE at 3.1%. I G Petrochemicals Ltd has the strongest latest improvement at -6.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability. Investor read: I G Petrochemicals Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it. This conclusion weakens if: The next two comparable reports reverse the current roce change signal. Evidence: I G Petrochemicals Ltd · 3.1% | Not enough peers | 3/8 recent comparable periods | 1/1 companies · 15 observations Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability. ### ROCE — highest 1. I G Petrochemicals Ltd (IGPL): 3.1% ### ROCE change — fastest improvers 1. I G Petrochemicals Ltd (IGPL): −6.1 pp ### 20-quarter ROCE history - IGPL: Sep 2021 35% | Dec 2021 — | Mar 2022 29% | Jun 2022 — | Sep 2022 28% | Dec 2022 — | Mar 2023 18% | Jun 2023 — | Sep 2023 9.8% | Dec 2023 8.3% | Mar 2024 3.4% | Jun 2024 5.4% | Sep 2024 5.4% | Dec 2024 10% | Mar 2025 10% | Jun 2025 7.4% | Sep 2025 3.7% | Dec 2025 2.3% | Mar 2026 4.0% | Jun 2026 — ### 20-quarter ROCE change history - IGPL: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −7.1 pp | Dec 2022 — | Mar 2023 −10.3 pp | Jun 2023 — | Sep 2023 −18.4 pp | Dec 2023 — | Mar 2024 −14.9 pp | Jun 2024 — | Sep 2024 −4.4 pp | Dec 2024 +2.0 pp | Mar 2025 +6.7 pp | Jun 2025 +2.0 pp | Sep 2025 −1.7 pp | Dec 2025 −8.0 pp | Mar 2026 −6.1 pp | Jun 2026 — ## Valuation Against Growth & Quality What the numbers say: There is not enough comparable evidence to name a reliable peg leader. Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy. This conclusion weakens if: The next two comparable reports reverse the current p/e signal. Evidence: No comparable leader | Not enough peers | Not enough history | 0/1 companies · 0 observations Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing. ### PEG — lowest PEG ### P/E — lowest P/E 1. I G Petrochemicals Ltd (IGPL): 17.3 ### 20-quarter PEG history ### 20-quarter P/E history - IGPL: Sep 2021 9.4 | Dec 2021 7.7 | Mar 2022 7.1 | Jun 2022 6.8 | Sep 2022 5.9 | Dec 2022 5.6 | Mar 2023 5.4 | Jun 2023 7.9 | Sep 2023 10.6 | Dec 2023 13.2 | Mar 2024 19.3 | Jun 2024 47.0 | Sep 2024 45.8 | Dec 2024 29.6 | Mar 2025 13.3 | Jun 2025 13.3 | Sep 2025 21.2 | Dec 2025 37.2 | Mar 2026 33.5 | Jun 2026 — ## What can make this comparison misleading? - A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason. - A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment. - The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed. - An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion. - 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears. - Thin comparisons: Valuation have fewer than three usable current readings. ## Every company - I G Petrochemicals Ltd (IGPL) — market value ₹1.4K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures ## Source standing of each company Cross-checked: 0. Unverified: 1. Withheld: 0. Graded companies: 1. 1 of 1 company draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear. - UNVERIFIED | IGPL | I G Petrochemicals Ltd | too little overlapping reported history to cross-check the second feed ## Methodology and freshness Fundamentals through Jun 2026; prices through 2026-08-14. Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable. ## Frequently asked questions ### Is the Chemicals - Organic - Maleic Anhydride sector outperforming NIFTY 500? Chemicals - Organic - Maleic Anhydride has outperformed NIFTY 500 by 6.1% over 52 weeks and 1% over 13 weeks. 1 of 1 covered companies beat NIFTY on Mansfield relative strength, while 0 of 1 beat the sector itself. ### Which Chemicals - Organic - Maleic Anhydride company is largest by revenue? I G Petrochemicals Ltd leads with revenue of ₹2,072 crore, based on 1 of 1 comparable companies through Jun 2026. ### Which Chemicals - Organic - Maleic Anhydride company is growing fastest? I G Petrochemicals Ltd has the fastest current revenue growth at -0.9%, across 1 of 1 comparable companies. ### Which Chemicals - Organic - Maleic Anhydride company has the strongest 4-Factor Sector Score? I G Petrochemicals Ltd ranks first at 41.3/100 with 75.5% evidence confidence. The score prioritizes research; it is not a buy recommendation. ### How much history does this Chemicals - Organic - Maleic Anhydride comparison include? The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated. ### How is the 4-Factor Sector Score calculated? The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral. ### Is there a Nifty Chemicals - Organic - Maleic Anhydride index? NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Chemicals - Organic - Maleic Anhydride, this page builds its own equal-weight basket of 1 listed Chemicals - Organic - Maleic Anhydride companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026. ### Which are the best Chemicals - Organic - Maleic Anhydride stocks in India? Ranked by this page's four-factor score, I G Petrochemicals Ltd places first among 1 listed Chemicals - Organic - Maleic Anhydride companies. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser. ### How many Chemicals - Organic - Maleic Anhydride stocks are listed in India? This comparison covers 1 listed Chemicals - Organic - Maleic Anhydride companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026. ### Which Chemicals - Organic - Maleic Anhydride company is the biggest? I G Petrochemicals Ltd is the largest, with trailing-twelve-month revenue of ₹2,072 crore. That covers 1 of 1 companies with comparable reporting through Jun 2026. ### Which Chemicals - Organic - Maleic Anhydride company has the best profit margins? I G Petrochemicals Ltd has the highest operating margin at 18%, from 1 of 1 comparable companies. I G Petrochemicals Ltd shows the biggest recent improvement, at +18.1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking. ### Which Chemicals - Organic - Maleic Anhydride company makes the most profit? I G Petrochemicals Ltd earns the most, at ₹81 crore of trailing-twelve-month net profit, from 1 of 1 comparable companies. ### Which Chemicals - Organic - Maleic Anhydride company earns the highest return on capital? I G Petrochemicals Ltd leads on return on capital employed at 3.1%, across 1 of 1 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year. ### Is the Chemicals - Organic - Maleic Anhydride sector beating the market? Chemicals - Organic - Maleic Anhydride has outperformed NIFTY 500 by 6.1% over the last 52 weeks and 1% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 1 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it. ### Which Chemicals - Organic - Maleic Anhydride stock has the strongest price momentum? I G Petrochemicals Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all. ### Which Chemicals - Organic - Maleic Anhydride company scores highest for research priority? I G Petrochemicals Ltd scores 41.3 out of 100 with 75.5% evidence confidence, from 13.1 points on growth and earnings, 6.6 on capital efficiency, 9.1 on valuation and 12.5 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research. ### How many Chemicals - Organic - Maleic Anhydride companies does this comparison cover, and over what period? It compares 1 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data. ### What is the total market cap of the Chemicals - Organic - Maleic Anhydride sector? The 1 Chemicals - Organic - Maleic Anhydride companies on this page carry ₹1,411 crore of combined market value. I G Petrochemicals Ltd is the largest at ₹1,411 crore, about 100% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-16. ### How is the Chemicals - Organic - Maleic Anhydride sector performing? 1 of the 1 covered Chemicals - Organic - Maleic Anhydride companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 6.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-16. ### Why are some values on this page blank? A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad. ### Is this investment advice? No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.