India Pesticides Ltd

AI

India Pesticides Ltd

₹ 119 -1.87%
12 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]
India Pesticides is an R&D-driven chemical manufacturer of agrochemical technical, APIs, and formulation business.

  • Market Cap ₹ 1,368 Cr.
  • Current Price ₹ 119
  • High / Low ₹ 195 / 109
  • Stock P/E 14.5
  • Book Value ₹ 90.5
  • Dividend Yield 0.63 %
  • ROCE 16.6 %
  • ROE 12.5 %
  • Face Value ₹ 1.00

Pros

  • Company is almost debt free.

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

* 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 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
202 151 126 220 229 172 207 275 290 225 266 252 229
175 118 122 192 195 146 176 230 242 188 225 216 198
Operating Profit 27 33 4 28 34 27 32 45 49 38 42 35 31
OPM % 13% 22% 3.0% 13% 15% 15% 15% 16% 17% 17% 16% 14% 13%
4 4 4 4 5 3 3 9 5 3 4 4 3
Interest 1 1 1 1 1 1 1 2 1 1 3 3 2
Depreciation 4 4 4 4 4 5 5 5 5 6 5 6 6
Profit before tax 27 32 2 27 34 23 29 47 47 34 38 31 25
Tax % 26% 26% 47% 27% 23% 31% 25% 26% 33% 33% 19% 26% 26%
20 24 1 19 26 16 22 35 32 23 31 23 18
EPS in Rs 1.69 2.08 0.09 1.69 2.25 1.40 1.89 3.03 2.74 1.97 2.66 1.97 1.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
649 716 885 680 829 1,057 972
466 502 688 594 709 884 827
Operating Profit 183 214 197 87 120 174 146
OPM % 28% 30% 22% 13% 14% 16% 15%
6 13 13 15 15 21 14
Interest 3 7 7 4 5 7 10
Depreciation 6 9 11 15 18 21 23
Profit before tax 180 212 192 82 111 166 127
Tax % 25% 25% 25% 27% 26% 28%
135 158 143 60 82 120 94
EPS in Rs 12.03 13.72 12.44 5.22 7.14 10.40 8.20
Dividend Payout % 3% 5% 6% 14% 11% 7%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 6%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: -2%
3 Years: -6%
TTM: -9%
Stock Price CAGR
10 Years: %
5 Years: -18%
3 Years: -25%
1 Year: -36%
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 Sep 2026
Equity Capital 11 12 12 12 12 12 12
Reserves 378 626 762 813 887 998 1,031
30 23 13 26 60 110 87
97 131 135 151 183 215 252
Total Liabilities 517 792 921 1,001 1,142 1,336 1,381
124 174 248 279 328 388 450
CWIP 12 44 27 58 58 68 25
Investments 9 17 12 12 15 19 20
372 557 633 651 741 861 886
Total Assets 517 792 921 1,001 1,142 1,336 1,381

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 -20 -83
-4 71 -25 3 19 -76
Net Cash Flow -4 14 -4 -2 2 -97
Free Cash Flow 41 -6 -30 38 -61 -30
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 70% 61% 47% 157% 22% 59%

Ratios

Consolidated / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 120 126 108 128 152 124
Inventory Days 88 163 175 202 205 191
Days Payable 92 110 80 92 99 92
Cash Conversion Cycle 116 179 203 238 257 224
Working Capital Days 120 158 164 185 179 161
ROCE % 40% 27% 11% 13% 17%

Insights

In beta
Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Export Revenue Share
%

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Top 10 Customer Revenue Concentration
%
Formulations Installed Capacity
MT
Technicals Installed Capacity
MT
Number of Exporting Countries
Count
Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

10 Recently
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
63.61% 63.61% 63.61% 63.61% 63.61% 63.62% 63.62% 63.65% 63.65% 63.65% 63.65% 63.65%
1.63% 2.40% 0.26% 0.32% 1.75% 1.84% 2.52% 2.78% 1.88% 1.87% 0.20% 0.09%
1.59% 0.04% 0.04% 0.05% 0.06% 0.00% 0.00% 0.02% 0.03% 0.02% 0.02% 0.02%
33.17% 33.95% 36.10% 36.01% 34.59% 34.55% 33.85% 33.54% 34.43% 34.46% 36.14% 36.24%
No. of Shareholders 98,75895,75899,8821,05,6001,07,4611,06,9741,00,62895,31495,45693,55194,07595,430

* 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.

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Documents

Annual reports

Concalls