Indogulf Cropsciences Ltd
Incorporated in 1993, Indogulf Cropsciences Limited is engaged in manufacturing crop protection products, plant nutrients, and biologicals in India.[1]
- Market Cap ₹ 477 Cr.
- Current Price ₹ 75.4
- High / Low ₹ 122 / 75.0
- Stock P/E 15.3
- Book Value ₹ 69.4
- Dividend Yield 0.00 %
- ROCE 13.2 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.09 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 3.78% over past five years.
- Company has a low return on equity of 12.8% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 492 | 443 | 486 | 551 | 553 | 592 | |
| 457 | 404 | 442 | 501 | 493 | 528 | |
| Operating Profit | 35 | 39 | 45 | 49 | 60 | 64 |
| OPM % | 7% | 9% | 9% | 9% | 11% | 11% |
| 3 | 2 | 4 | 1 | -2 | 6 | |
| Interest | 5 | 5 | 6 | 11 | 12 | 14 |
| Depreciation | 5 | 6 | 8 | 8 | 9 | 10 |
| Profit before tax | 28 | 31 | 36 | 31 | 36 | 45 |
| Tax % | 28% | 26% | 26% | 26% | 21% | 29% |
| 20 | 23 | 26 | 23 | 29 | 32 | |
| EPS in Rs | 52.30 | 9.77 | 11.26 | 9.80 | 12.19 | 6.58 |
| Dividend Payout % | 10% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 7% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 6% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 24 | 24 | 24 | 24 | 49 | 63 |
| Reserves | 127 | 131 | 157 | 180 | 209 | 228 | 376 |
| 92 | 79 | 102 | 189 | 155 | 222 | 204 | |
| 150 | 178 | 139 | 121 | 154 | 183 | 214 | |
| Total Liabilities | 373 | 411 | 421 | 513 | 541 | 682 | 856 |
| 47 | 51 | 53 | 65 | 44 | 47 | 47 | |
| CWIP | 4 | 6 | 9 | 9 | 22 | 57 | 67 |
| Investments | 3 | 3 | 0 | 0 | 0 | 0 | 15 |
| 319 | 352 | 359 | 440 | 474 | 578 | 727 | |
| Total Assets | 373 | 411 | 421 | 513 | 541 | 682 | 856 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -17 | 20 | -9 | 31 | 36 | -12 | |
| -35 | -10 | -10 | 0 | 0 | -40 | |
| 52 | -9 | 20 | 0 | 0 | 58 | |
| Net Cash Flow | 0 | 1 | 0 | 31 | 36 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 88 | 97 | 115 | 117 | 146 | 140 |
| Inventory Days | 154 | 205 | 167 | 201 | 195 | 229 |
| Days Payable | 96 | 138 | 111 | 79 | 109 | 116 |
| Cash Conversion Cycle | 147 | 164 | 171 | 239 | 231 | 253 |
| Working Capital Days | 51 | 62 | 86 | 94 | 114 | 114 |
| ROCE % | 16% | 16% | 12% | 13% | 13% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule of Analyst / Institutional Investor Meetings under Regulation 30 of the SEBI (LODR) Regulations, 2015
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2d
-
Closure of Trading Window
29 Dec - Trading window closed from 01 Jan 2026 until 48 hours after unaudited results for quarter ending 31 Dec 2025.
-
Announcement under Regulation 30 (LODR)-Change in Management
29 Dec - Re-appointment of Rahul Gupta and Sandeep Bhutani as independent directors for five-year terms from Dec 29, 2025.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
19 Dec - Analyst/institutional investor virtual 1x1 meeting on December 24, 2025 at 3:00 PM IST.
Annual reports
Concalls
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
Business Profile[1]
Indogulf Cropsciences Limited is an agrochemical company engaged in the manufacturing and marketing of crop protection products, plant nutrients, and biologicals. It operates across India and exports to over 34 countries. It serves both retail (B2C) and institutional (B2B) customers and also offers contract manufacturing services.