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 ₹ 1,863 Cr.
- Current Price ₹ 162
- High / Low ₹ 246 / 125
- Stock P/E 15.6
- Book Value ₹ 87.7
- Dividend Yield 0.45 %
- ROCE 16.7 %
- ROE 12.6 %
- Face Value ₹ 1.00
Pros
Cons
- The company has delivered a poor sales growth of 10.3% over past five years.
- Company has a low return on equity of 10.0% over last 3 years.
- Dividend payout has been low at 10.7% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 649 | 716 | 885 | 680 | 829 | 1,057 | |
| 466 | 502 | 688 | 594 | 709 | 884 | |
| Operating Profit | 183 | 214 | 197 | 87 | 120 | 174 |
| OPM % | 28% | 30% | 22% | 13% | 14% | 16% |
| 6 | 13 | 13 | 15 | 15 | 21 | |
| Interest | 3 | 7 | 7 | 4 | 5 | 7 |
| Depreciation | 6 | 9 | 11 | 15 | 18 | 21 |
| Profit before tax | 180 | 212 | 192 | 82 | 111 | 166 |
| Tax % | 25% | 25% | 25% | 27% | 26% | 28% |
| 135 | 158 | 143 | 60 | 82 | 120 | |
| EPS in Rs | 12.03 | 13.72 | 12.44 | 5.22 | 7.14 | 10.41 |
| Dividend Payout % | 3% | 5% | 6% | 14% | 11% | 7% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 28% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -6% |
| TTM: | 46% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -11% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 10% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 11 | 12 | 12 | 12 | 12 | 12 |
| Reserves | 378 | 626 | 762 | 813 | 887 | 998 |
| 30 | 23 | 13 | 26 | 60 | 109 | |
| 97 | 131 | 135 | 151 | 183 | 218 | |
| Total Liabilities | 517 | 792 | 921 | 1,001 | 1,142 | 1,337 |
| 124 | 174 | 248 | 279 | 328 | 388 | |
| CWIP | 12 | 44 | 27 | 58 | 58 | 68 |
| Investments | 9 | 17 | 12 | 12 | 15 | 19 |
| 372 | 557 | 633 | 651 | 741 | 862 | |
| Total Assets | 517 | 792 | 921 | 1,001 | 1,142 | 1,337 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 83 | 76 | 45 | 115 | 3 | 62 | |
| -83 | -133 | -24 | -120 | 1 | -83 | |
| -4 | 71 | -25 | 3 | 19 | 36 | |
| Net Cash Flow | -4 | 14 | -4 | -2 | 23 | 15 |
| Free Cash Flow | 41 | -6 | -30 | 38 | -61 | -30 |
| CFO/OP | 70% | 61% | 47% | 157% | 22% | 59% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 120 | 126 | 108 | 128 | 152 | 124 |
| Inventory Days | 88 | 163 | 175 | 202 | 205 | 181 |
| Days Payable | 92 | 110 | 80 | 92 | 101 | 87 |
| Cash Conversion Cycle | 116 | 179 | 203 | 238 | 255 | 219 |
| Working Capital Days | 120 | 158 | 164 | 185 | 179 | 161 |
| ROCE % | 40% | 27% | 11% | 13% | 17% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Installed Capacity - Agro-chemical Technicals MTPA |
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| Installed Capacity - Formulations MTPA |
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| Revenue Contribution from Top 10 Customers % |
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| Actual Production Volume - Technicals MT |
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| Capacity Utilization - Technicals % |
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| Number of Dealers Numbers |
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| Actual Production Volume - Formulations MT |
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| Total Formulation Registrations (India) Numbers |
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| Total Technical Registrations (India) Numbers |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Resignation of Director
6 Jun - Three promoter directors resigned on 6 June 2026; board now entirely independent.
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Intimation Regarding Approval Of The Fungicide
30 May - India Pesticides received EU TEQ approval for a fungicide on 29-05-2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
28 May - Earning call transcript for the quarter and year ended 31st march, 2026
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 May - Audio recording of Q4 FY2026 earnings call, held 25 May 2026, is now available online.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 May - India Pesticides reported FY26 revenue of Rs. 1,078 crore, PAT Rs. 120 crore, and 28.5% Q4 growth.
Annual reports
Concalls
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May 2026Transcript PPT
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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.