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India Pesticides Ltd

₹ 174-0.70%
06 Jan – close price
🔗indiapesticideslimited.com•BSE: 543311•NSE: IPL
Market Cap₹ 1,999 Cr.
Current Price₹ 174
High / Low₹ 246
Stock P/E18.7
Book Value₹ 83.6
Dividend Yield0.43 %
ROCE13.0 %
ROE9.73 %
Face Value₹ 1.00
Sales₹ 945 Cr.
OPM16.3 %
Mar Cap₹ 1,999 Cr.

ABOUT

India Pesticides Limited is one of the globally operating agro-chemical manufactures in India, since 1984. The company is the sole Indian manufacturer and among the top five manufacturers globally for several Technicals, such as Folpet, Thiocarbamate Herbicide, and several other products[1]

KEY POINTS

Leading pesticides company[1]An R&D-driven chemical manufacturer of agrochem technical, APIs, and formulation business.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating Updates

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.UPL799.3028.4167406.470.75612.00209.9112019.008.387.6647715.0017.152372.46484.102.110.950.94
2.P I Industries3275.5032.8649695.270.49409.30-19.461872.30-15.7022.867460.7027.181512.50409.304.5914.460.02
3.Sumitomo Chemi.473.3543.7223627.060.25177.90-6.78914.44-5.8625.143249.7420.16540.43177.907.4013.910.02
4.Bayer Crop Sci.4508.1033.2720260.342.77152.7012.031553.40-10.6024.805571.8013.37608.90152.706.4911.560.03
5.Sharda Cropchem830.4016.587491.911.0874.3575.22929.1119.5916.504671.7816.40451.8174.312.806.840.00
6.Rallis India269.5030.695240.940.93102.00-0.39861.00-7.2210.122770.0011.84170.7797.622.554.150.03
7.Dhanuka Agritech1133.0018.245107.370.1893.97-20.04598.25-8.5628.292013.8320.12280.0193.973.3117.270.02
8.India Pesticides173.5918.661999.120.4332.0421.00289.6326.6013.04944.9116.30107.1132.042.087.880.03
–Median: 24 Co.309.1830.691799.880.1619.01.1402.15.3812.951300.3911.1437.3218.882.525.360.29

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
218151172201220275198127208251202229290
Expenses
171118145178192230156123176198175195241
Operating Profit
4733272329464243253273449
Other Income
5433493432465
Profit before tax
4733242227484122951273448
Tax %
25%26%29%26%27%26%26%56%24%25%26%23%33%
Net Profit
3524171620353012238202632
EPS in Rs
3.042.121.511.381.743.072.620.091.943.291.722.302.78

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
223248341480649716885681829945
Expenses
163193275386466502687594708791
Operating Profit
6055659418321419887121154
Other Income
2351061313151520
Interest
6465376445
Depreciation
34456811151820
Profit before tax
5350619318021219384114149
Net Profit
353344711351581446184107
EPS in Rs
1,113.421,030.791,379.832,224.3212.0413.7512.545.317.339.30
Dividend Payout %
2%2%1%1%3%5%6%14%10%–

Compounded Profit Growth

10 Years:%
5 Years:4%
3 Years:-19%
TTM:49%

Compounded Sales Growth

10 Years:%
5 Years:12%
3 Years:5%
TTM:30%

Return on Equity

10 Years:%
5 Years:18%
3 Years:12%
Last Year:10%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:-11%
1 Year:-3%

Balance Sheet

Standalone figures in ₹ crores

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
3333111212121212
Reserves
107141184254378627763816892951
Borrowings
4346612830156205631
Other Liabilities
4251698197131135148183273
Total Liabilities
1952403173665177849159961,1421,266
Fixed Assets
61697099124163237267313336
Gross Block
88.6572.5077.38108.35139.51185.70271.04315.43378.33–
Accumulated Depreciation
27.913.497.428.9315.0422.8133.9248.2265.57–
CWIP
3351124427413627
Investments
2333102017415979
Other Assets
130165239262371557635647735824
Total Assets
1952403173665177849159961,1421,266

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
3816-3758377461206
Cash from Investing Activity
-6-13-7-31-84-133-23-125-5
Cash from Financing Activity
-32-29-39-471-29324
Net Cash Flow
01-15-514-6-326

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
143184191139120126108128152
Inventory Days
–56756088163175201204
Days Payable
–10811695921107490101
Cash Conversion Cycle
143132150104116179209240255
Working Capital Days
102110128119120159164184179
ROCE %
–32%30%37%52%41%28%11%13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
67.20%67.20%67.20%63.61%63.61%63.61%63.61%63.61%63.61%63.62%63.62%63.65%
FIIs
0.52%0.45%0.39%0.33%1.63%2.40%0.26%0.32%1.75%1.84%2.52%2.78%
DIIs
1.59%1.81%1.81%1.70%1.59%0.04%0.04%0.05%0.06%0.00%0.00%0.02%
Public
30.69%30.55%30.61%34.38%33.17%33.95%36.10%36.01%34.59%34.55%33.85%33.54%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

India Pesticides Files SEBI Compliance Certificate for March 2026 Quarter

7th April 2026, 6:51 pm

CFO Satya Prakash Gupta Acquires Shares in India Pesticides Limited

30th March 2026, 7:24 pm

India Pesticides to Close Trading Window from April 1 Ahead of Q4 Results

26th March 2026, 9:39 pm

India Pesticides CFO Acquires 500 Shares Worth ₹67,100

25th March 2026, 9:38 pm

India Pesticides to Host Plant Visit and Investor Interaction on March 23, 2026

18th March 2026, 10:07 pm

Published by Other Websites

External media mentions & references

SHOCKING MOVES: Coforge Buys US Firm, PNB Faces ₹2434 Cr Fraud, Timex Stake Sale Ignites Stocks Today!

29th December 2025, 8:18 am

Domestic Funds Rapidly Closing Gap with Foreign Investors in Indian Markets

6th November 2025, 12:22 pm

Indian Equities Decline Amid US Tariffs; Key Stocks Show Price-Volume Breakouts

28th August 2025, 5:42 pm

Indian Stock Markets Extend Gains; Sensex Reclaims 82,000 Mark Driven by Financial Stocks

21st August 2025, 5:39 pm

Key Stocks in Focus for August 12 Trade Amid Earnings, Deals, and New Launches

12th August 2025, 8:15 am

News Articles

Editorial & research coverage

Domestic Funds Rapidly Closing Gap with Foreign Investors in Indian Markets
Domestic Funds Rapidly Closing Gap with Foreign Investors in Indian Markets

6th November 2025, 12:22 pm

India Pesticides Q3 Revenue Surges 30.7% on Strong Volume Growth
India Pesticides Q3 Revenue Surges 30.7% on Strong Volume Growth

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

11h - Certificate under Reg. 74(5) of SEBI(DP) Regulations, 2018 for the quarter ended 31st December, 2025

Intimation Regarding Registration Of The Product

26 Dec - Fungicide formulation registered in Australia on 26-12-2025, expanding international market and export potential.

Closure of Trading Window

24 Dec - Trading window closed from 01-Jan-2026 until 48 hours after unaudited Q3 (Dec 31, 2025) results.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

15 Dec - Of Non-Deal Roadshow scheduled to be held on Thursday, December 18, 2025.

Intimation Regarding Registration Of The Product

6 Dec 2025 - Herbicide formulation registered in Serbia on 06-12-2025, expected to boost export revenues

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Credit Ratings

Rating update

9 Oct 2025 from care

Rating update

7 Oct 2024 from care

Rating update

4 Sep 2023 from care

Rating update

6 Oct 2022 from care

Rating update

2 Dec 2021 from care

Rating update

16 Mar 2021 from care

Concalls

Nov 2025

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Stock Analysis

Description

India Pesticides Limited is a leading agro-chemical manufacturer in India, operating globally since 1984. It is a key player in R&D-driven chemical manufacturing for agrochemicals, APIs, and formulations, holding a significant position as a sole Indian manufacturer and top global producer for certain technicals.

Key Growth Triggers

  1. Registration of fungicide formulation in Australia (December 26, 2025) and herbicide formulation in Serbia (December 6, 2025), aimed at expanding international presence and export revenues.
  2. Commissioning of expanded PEDA capacity and Formulation Plant capacity, supporting growth and backward integration.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. The company has high debtors, with 152 days for receivables, potentially impacting working capital.

Key Dates To Watch

  1. January 12, 2026: BSE provided in-principle approval for listing of Employee Stock Option Plan 2023 shares.
  2. November 11, 2025: Board meeting approved unaudited financial results for Q2 and H1 FY26.
  3. October 1, 2025: Trading window closure announced effective until 48 hours post Q2 FY26 results declaration.

Corporate Announcements

7th Apr 26
Impact Rating: 2
India Pesticides Limited has filed a certificate under SEBI's depository regulations for the quarter and year ended March 31, 2026, verified by its registrar.
30th Mar 26
Impact Rating: 7
India Pesticides CFO Satya Prakash Gupta acquired 500 equity shares for Rs. 64,750 on March 27, 2026. This purchase increased his total holding to 3,500 shares, which is 0.0031% of the company's diluted share capital.
26th Mar 26
Impact Rating: 6
India Pesticides Limited announced a trading window closure starting April 1, 2026, for designated persons and relatives, per SEBI rules, remaining shut until 48 hours post Q4 FY26 results declaration.
25th Mar 26
Impact Rating: 7
India Pesticides CFO Satya Prakash Gupta acquired 500 shares for ₹67,100 at ₹134.2 per share on March 24, 2026. His stake increased to 3000 shares.
18th Mar 26
Impact Rating: 6
India Pesticides Limited is set to host a plant visit for investors and brokers on March 23, 2026, at its Sandila manufacturing facility, followed by management interactions.