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 ₹ 1,784 Cr.
- Current Price ₹ 155
- High / Low ₹ 246 / 125
- Stock P/E 14.6
- Book Value ₹ 88.4
- Dividend Yield 0.48 %
- ROCE 17.1 %
- ROE 12.7 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 10.2% over past five years.
- Company has a low return on equity of 10.2% over last 3 years.
- Dividend payout has been low at 10.5% of profits over last 3 years
- 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.
Peer comparison
Commodities Chemicals Fertilizers & Agrochemicals Pesticides & Agrochemicals
Part of BSE Commodities BSE 1000
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 223 | 248 | 341 | 480 | 649 | 716 | 885 | 681 | 829 | 1,057 | |
| 163 | 193 | 275 | 386 | 466 | 502 | 687 | 594 | 708 | 881 | |
| Operating Profit | 60 | 55 | 65 | 94 | 183 | 214 | 198 | 87 | 121 | 176 |
| OPM % | 27% | 22% | 19% | 20% | 28% | 30% | 22% | 13% | 15% | 17% |
| 2 | 3 | 5 | 10 | 6 | 13 | 13 | 15 | 15 | 21 | |
| Interest | 6 | 4 | 6 | 5 | 3 | 7 | 6 | 4 | 4 | 7 |
| Depreciation | 3 | 4 | 4 | 5 | 6 | 8 | 11 | 15 | 18 | 21 |
| Profit before tax | 53 | 50 | 61 | 93 | 180 | 212 | 193 | 84 | 114 | 169 |
| Tax % | 33% | 35% | 28% | 24% | 25% | 25% | 25% | 27% | 26% | 28% |
| 35 | 33 | 44 | 71 | 135 | 158 | 144 | 61 | 84 | 122 | |
| 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 | 10.62 |
| Dividend Payout % | 2% | 2% | 1% | 5% | 3% | 5% | 6% | 14% | 10% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -5% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -15% |
| 3 Years: | -11% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 15% |
| 3 Years: | 10% |
| Last Year: | 13% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 11 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 107 | 141 | 184 | 254 | 378 | 627 | 763 | 816 | 892 | 1,006 |
| 43 | 46 | 61 | 28 | 30 | 15 | 6 | 20 | 56 | 77 | |
| 42 | 51 | 69 | 81 | 97 | 131 | 135 | 148 | 183 | 211 | |
| Total Liabilities | 195 | 240 | 317 | 366 | 517 | 784 | 915 | 996 | 1,142 | 1,306 |
| 61 | 69 | 70 | 99 | 124 | 163 | 237 | 267 | 313 | 369 | |
| CWIP | 3 | 3 | 5 | 1 | 12 | 44 | 27 | 41 | 36 | 18 |
| Investments | 2 | 3 | 3 | 3 | 10 | 20 | 17 | 41 | 59 | 78 |
| 130 | 165 | 239 | 262 | 371 | 557 | 635 | 647 | 735 | 840 | |
| Total Assets | 195 | 240 | 317 | 366 | 517 | 784 | 915 | 996 | 1,142 | 1,306 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 38 | 16 | -3 | 75 | 83 | 77 | 46 | 120 | 6 | 68 | |
| -6 | -13 | -7 | -31 | -84 | -133 | -23 | -125 | -5 | -62 | |
| -32 | -2 | 9 | -39 | -4 | 71 | -29 | 2 | 24 | 7 | |
| Net Cash Flow | 0 | 1 | -1 | 5 | -5 | 14 | -6 | -3 | 26 | 13 |
| Free Cash Flow | 34 | 4 | -11 | 44 | 41 | -3 | -27 | 61 | -48 | 7 |
| CFO/OP | 91% | 57% | 21% | 104% | 70% | 61% | 47% | 162% | 24% | 62% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 143 | 184 | 191 | 139 | 120 | 126 | 108 | 128 | 152 | 125 |
| Inventory Days | 56 | 75 | 56 | 88 | 163 | 175 | 201 | 204 | 179 | |
| Days Payable | 108 | 116 | 89 | 92 | 110 | 74 | 90 | 101 | 85 | |
| Cash Conversion Cycle | 143 | 132 | 150 | 106 | 116 | 179 | 209 | 240 | 255 | 218 |
| Working Capital Days | 102 | 110 | 128 | 119 | 120 | 159 | 164 | 184 | 179 | 163 |
| ROCE % | 32% | 30% | 37% | 52% | 41% | 28% | 11% | 13% | 17% |
Insights
In beta| Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Formulations Installed Capacity MT |
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Extracted by Screener AI
Documents
Announcements
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 10 Jul
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Intimation Under Regulation 30 Of SEBI (LODR Regulations, 2015
29 Jun - Income-tax block assessment raises ₹7.10 crore demand for Apr 2018-Feb 2025; company plans appeal.
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Intimation Regarding Conferment Of Lifetime Achievement Award
26 Jun - CEO Dheeraj Kumar Jain received PMFAI Agribusiness Foundation's Lifetime Achievement Award.
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Closure of Trading Window
26 Jun - Trading window closed from 1 July 2026 until 48 hours after Q1 FY2026-27 results.
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Intimation Regarding Reconstitution Of The Committees
17 Jun - India Pesticides reconstituted Audit, NRC, Stakeholders, CSR and Risk Management committees on 17 June 2026.
Annual reports
Concalls
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Jun 2022Transcript PPT
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May 2022TranscriptAI SummaryPPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptAI SummaryPPT
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Oct 2021TranscriptAI SummaryPPT
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Jul 2021Transcript PPT
Leading Pesticides company[1]
India Pesticides is an R&D-driven chemical manufacturer of agrochemical technical, APIs, and formulation business.