India Pesticides Ltd
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]
- Market Cap ₹ 2,523 Cr.
- Current Price ₹ 219
- High / Low ₹ 244 / 120
- Stock P/E 30.0
- Book Value ₹ 78.4
- Dividend Yield 0.34 %
- ROCE 13.0 %
- ROE 9.73 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
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: -3.14%
* 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 SmallCap BSE Allcap BSE Commodities
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|
223 | 248 | 341 | 480 | 649 | 716 | 885 | 681 | 829 | |
163 | 193 | 275 | 386 | 466 | 502 | 687 | 594 | 708 | |
Operating Profit | 60 | 55 | 65 | 94 | 183 | 214 | 198 | 87 | 121 |
OPM % | 27% | 22% | 19% | 20% | 28% | 30% | 22% | 13% | 15% |
2 | 3 | 5 | 10 | 6 | 13 | 13 | 15 | 15 | |
Interest | 6 | 4 | 6 | 5 | 3 | 7 | 6 | 4 | 4 |
Depreciation | 3 | 4 | 4 | 5 | 6 | 8 | 11 | 15 | 18 |
Profit before tax | 53 | 50 | 61 | 93 | 180 | 212 | 193 | 84 | 114 |
Tax % | 33% | 35% | 28% | 24% | 25% | 25% | 25% | 27% | 26% |
35 | 33 | 44 | 71 | 135 | 158 | 144 | 61 | 84 | |
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 |
Dividend Payout % | 2% | 2% | 1% | 1% | 3% | 5% | 6% | 14% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 5% |
TTM: | 22% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | -19% |
TTM: | 38% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -8% |
1 Year: | 5% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 11 | 12 | 12 | 12 | 12 |
Reserves | 107 | 141 | 184 | 254 | 378 | 627 | 763 | 816 | 892 |
43 | 46 | 61 | 28 | 30 | 15 | 6 | 20 | 56 | |
42 | 51 | 69 | 81 | 97 | 131 | 135 | 148 | 183 | |
Total Liabilities | 195 | 240 | 317 | 366 | 517 | 784 | 915 | 996 | 1,142 |
61 | 69 | 70 | 99 | 124 | 163 | 237 | 267 | 313 | |
CWIP | 3 | 3 | 5 | 1 | 12 | 44 | 27 | 41 | 36 |
Investments | 2 | 3 | 3 | 3 | 10 | 20 | 17 | 41 | 59 |
130 | 165 | 239 | 262 | 371 | 557 | 635 | 647 | 735 | |
Total Assets | 195 | 240 | 317 | 366 | 517 | 784 | 915 | 996 | 1,142 |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - Audio recording link of Q1 FY2026 earnings call for quarter ended June 30, 2025 provided.
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Announcement under Regulation 30 (LODR)-Investor Presentation
8 Aug - Investor Presentation for the quarter ended 30th June, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Aug - Q1 FY26 revenue Rs.282 Cr up 25.8% YoY; EBITDA margin +417 bps; net profit Rs.35 Cr; capacity expansions ongoing.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Aug - Newspaper publication for the quarter ended 30th June, 2025
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Results For The Quarter Ended 30Th June, 2025
7 Aug - India Pesticides approved Q1 FY26 unaudited standalone and consolidated financial results on 7 Aug 2025.
Annual reports
Concalls
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Aug 2025TranscriptNotesPPT
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Jun 2025Transcript PPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024TranscriptPPT
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May 2022TranscriptNotesPPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021Transcript PPT
Leading pesticides company [1]
An R&D-driven chemical manufacturer of agrochem technical, APIs, and formulation business.