India Pesticides Ltd

India Pesticides Ltd

₹ 180 -0.90%
17 Nov - close price
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.

  • Market Cap 2,075 Cr.
  • Current Price 180
  • High / Low 246 / 120
  • Stock P/E 19.4
  • Book Value 83.6
  • Dividend Yield 0.42 %
  • ROCE 13.0 %
  • ROE 9.73 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of 11.6% over past five years.
  • Company has a low return on equity of 12.2% over last 3 years.
  • Dividend payout has been low at 10.1% of profits over last 3 years
  • Company has high debtors of 152 days.
  • Promoter holding has decreased over last 3 years: -3.55%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
251 218 198 201 202 151 127 220 229 172 208 275 290
198 171 156 178 175 118 123 192 195 145 176 230 241
Operating Profit 53 47 42 23 27 33 4 29 34 27 32 46 49
OPM % 21% 21% 21% 11% 13% 22% 3% 13% 15% 16% 15% 17% 17%
2 5 3 3 4 4 4 4 6 3 3 9 5
Interest 2 2 1 1 1 1 1 1 1 1 1 2 1
Depreciation 3 3 3 4 4 4 4 4 4 5 5 5 5
Profit before tax 51 47 41 22 27 33 2 27 34 24 29 48 48
Tax % 25% 25% 26% 26% 26% 26% 56% 27% 23% 29% 24% 26% 33%
38 35 30 16 20 24 1 20 26 17 22 35 32
EPS in Rs 3.29 3.04 2.62 1.38 1.72 2.12 0.09 1.74 2.30 1.51 1.94 3.07 2.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
223 248 341 480 649 716 885 681 829 945
163 193 275 386 466 502 687 594 708 791
Operating Profit 60 55 65 94 183 214 198 87 121 154
OPM % 27% 22% 19% 20% 28% 30% 22% 13% 15% 16%
2 3 5 10 6 13 13 15 15 20
Interest 6 4 6 5 3 7 6 4 4 5
Depreciation 3 4 4 5 6 8 11 15 18 20
Profit before tax 53 50 61 93 180 212 193 84 114 149
Tax % 33% 35% 28% 24% 25% 25% 25% 27% 26%
35 33 44 71 135 158 144 61 84 107
EPS in Rs 1,113.42 1,030.79 1,379.83 2,224.32 12.04 13.75 12.54 5.31 7.33 9.30
Dividend Payout % 2% 2% 1% 1% 3% 5% 6% 14% 10%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 5%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: -19%
TTM: 49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -11%
1 Year: -2%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 12%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 3 3 3 3 11 12 12 12 12 12
Reserves 107 141 184 254 378 627 763 816 892 951
43 46 61 28 30 15 6 20 56 31
42 51 69 81 97 131 135 148 183 273
Total Liabilities 195 240 317 366 517 784 915 996 1,142 1,266
61 69 70 99 124 163 237 267 313 336
CWIP 3 3 5 1 12 44 27 41 36 27
Investments 2 3 3 3 10 20 17 41 59 79
130 165 239 262 371 557 635 647 735 824
Total Assets 195 240 317 366 517 784 915 996 1,142 1,266

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
38 16 -3 75 83 77 46 120 6
-6 -13 -7 -31 -84 -133 -23 -125 -5
-32 -2 9 -39 -4 71 -29 3 24
Net Cash Flow 0 1 -1 5 -5 14 -6 -3 26

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 143 184 191 139 120 126 108 128 152
Inventory Days 56 75 60 88 163 175 201 204
Days Payable 108 116 95 92 110 74 90 101
Cash Conversion Cycle 143 132 150 104 116 179 209 240 255
Working Capital Days 102 110 128 119 120 159 164 184 179
ROCE % 32% 30% 37% 52% 41% 28% 11% 13%

Shareholding Pattern

Numbers in percentages

8 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
67.20% 67.20% 67.20% 63.61% 63.61% 63.61% 63.61% 63.61% 63.61% 63.62% 63.62% 63.65%
0.52% 0.45% 0.39% 0.33% 1.63% 2.40% 0.26% 0.32% 1.75% 1.84% 2.52% 2.78%
1.59% 1.81% 1.81% 1.70% 1.59% 0.04% 0.04% 0.05% 0.06% 0.00% 0.00% 0.02%
30.69% 30.55% 30.61% 34.38% 33.17% 33.95% 36.10% 36.01% 34.59% 34.55% 33.85% 33.54%
No. of Shareholders 1,30,4171,29,2551,27,1841,17,09598,75895,75899,8821,05,6001,07,4611,06,9741,00,62895,314

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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