India Pesticides Ltd

India Pesticides Ltd

₹ 172 0.96%
05 Dec - 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 1,986 Cr.
  • Current Price 172
  • High / Low 246 / 120
  • Stock P/E 19.0
  • Book Value 83.0
  • Dividend Yield 0.43 %
  • ROCE 12.8 %
  • ROE 9.52 %
  • Face Value 1.00

Pros

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

Cons

  • Company has a low return on equity of 12.0% over last 3 years.
  • Dividend payout has been low at 10.3% 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

Consolidated Figures in Rs. Crores / View Standalone

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
251 218 198 201 202 151 126 220 229 172 207 275 290
198 171 156 179 175 118 122 192 195 146 176 230 242
Operating Profit 53 47 42 23 27 33 4 28 34 27 32 45 49
OPM % 21% 21% 21% 11% 13% 22% 3% 13% 15% 15% 15% 16% 17%
2 5 3 3 4 4 4 4 5 3 3 9 5
Interest 2 2 2 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 50 46 40 21 27 32 2 27 34 23 29 47 47
Tax % 26% 25% 26% 27% 26% 26% 47% 27% 23% 31% 25% 26% 33%
37 35 30 16 20 24 1 19 26 16 22 35 32
EPS in Rs 3.23 3.02 2.60 1.35 1.69 2.08 0.09 1.69 2.25 1.40 1.89 3.03 2.74
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
649 716 885 680 829 945
466 502 688 594 709 793
Operating Profit 183 214 197 87 120 152
OPM % 28% 30% 22% 13% 14% 16%
6 13 13 15 15 20
Interest 3 7 7 4 5 6
Depreciation 6 9 11 15 18 20
Profit before tax 180 212 192 82 111 146
Tax % 25% 25% 25% 27% 26%
135 158 143 60 82 104
EPS in Rs 12.03 13.72 12.44 5.22 7.14 9.06
Dividend Payout % 3% 5% 6% 14% 11%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 5%
TTM: 30%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -19%
TTM: 48%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -13%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: %
3 Years: 12%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 11 12 12 12 12 12
Reserves 378 626 762 813 887 945
30 23 13 26 60 44
97 131 135 151 183 280
Total Liabilities 517 792 921 1,001 1,142 1,280
124 174 248 279 328 352
CWIP 12 44 27 58 58 65
Investments 9 17 12 12 15 19
372 557 633 651 741 844
Total Assets 517 792 921 1,001 1,142 1,280

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
83 76 45 115 3
-83 -133 -24 -120 1
-4 71 -25 3 19
Net Cash Flow -4 14 -4 -2 23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 120 126 108 128 152
Inventory Days 88 163 175 202 205
Days Payable 92 110 80 92 101
Cash Conversion Cycle 116 179 203 238 255
Working Capital Days 120 158 164 185 179
ROCE % 40% 27% 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.

Documents

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