IGCLCommodities

Indogulf Cropsciences Limited

Pesticides & Agrochemicals · ISIN INE05J901018 · BSE 544432 · NSE EQ · FV ₹10
Last price
₹66
+1.46%today
What this company does

Indogulf Cropsciences Limited operates in Pesticides & Agrochemicals, part of the Commodities sector. It booked ₹169 cr of revenue in its latest quarter (Q1 FY27) and kept 1.4% of sales as profit.

In the report:
43out of 100
Equitytale Health Score
Strained

Healthier than 43% of companies in Commodities, on the 5 of 6 measures we could read for it. Each measure is ranked against the 43–173 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns22

How much profit it earns on the money it employs

Balance sheet34

How much it owes, and whether earnings cover the interest

Cash quality9

Whether reported profit actually arrives as cash

Valuation88

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 69%
No promoter shares pledged
Watch-outs
! Thin 1.4% net margin
! Sales down 11% vs last year
! Profit down 38% vs last year
! Low 2.1% return on equity
! Operating cash flow is negative

What if I invest in IGCL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹66 +1.46%
latest close · 2026-09-17
52-wk low ₹6342 sessions so far52-wk high ₹81
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio43.6High
LowAverageHigh
P/B ratio0.91Below book
Below bookModerateHigh
EV / EBITDA14.0Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.1%Weak
WeakFairStrong ▸15%
Return on capital6.4%Weak
WeakFairStrong
Net margin1.4%Thin
ThinDecentStrong
EBITDA margin6.2%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.39Comfortable
LowModerateHigh ▸1
Interest cover1.7×Risky
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹419 cr
Book value
₹73
EPS
₹0.38
latest quarter
Net debt
₹165 cr
owes more than its cash
Enterprise value
₹583 cr
EBITDA
₹42 cr
annualised
EBIT
₹31 cr
annualised
Operating margin
4.5%
Return on assets
1.2%
Earnings yield
2.30%
P/S
0.62
Sales / share
₹106.6
Tax rate
22.7%
Face value
₹10
Shares
6.3 cr
Working capital
₹317 cr
Current assets
₹665 cr
Current liabilities
₹348 cr
Delivery %
48.2%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹67 vs market price ₹66 — price is 2% below it
Safety cushion+1.9%(target ≥ +20%)
Models span ₹44₹91, midpoint ₹67
Model ₹67
Price ₹66
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹169 cr
Other Income₹88.5 L
Total Income₹169 cr
Cost of Materials₹147 cr
Purchases of Stock-in-Trade₹9 cr
Inventory Change (±)₹-34 cr
Employee Benefit Expense₹14 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹3 cr
Other Expenses₹23 cr
Total Expenses₹166 cr
Exceptional Items₹-3.1 L
Profit before Tax₹3 cr
Tax Expense₹71 L
Net Profit₹2 cr
Net margin on total income1.4%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹122 cr72.0%
Employee benefit expense₹14 cr8.1%
Finance costs₹5 cr2.7%
Depreciation & amortisation₹3 cr1.6%
Other expenses₹23 cr13.8%
Tax expense₹71 L0.4%
Profit for the period₹2 cr1.4%
Total income ₹169 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue116 cr151 cr169 cr
Total income119 cr153 cr169 cr
Expenses111 cr139 cr166 cr
Profit before tax7 cr14 cr3 cr
Tax4 cr2 cr71 L
Net profit (owners' share)4 cr12 cr2 cr
Net margin (owners' share, on revenue)3.3%7.7%1.4%
EPS (₹)0.772.300.38
YoY (latest quarter): total income -11.0% · net profit -37.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹823 cr
Shareholder equity
₹459 cr
parent shareholders
Total debt
₹177 cr
Cash
₹12 cr
Cash flow · H1 FY26
Operating
₹-82 cr
Investing
₹-29 cr
Financing
₹113 cr
Peer comparison
Pesticides & Agrochemicals · by market value
CompanyPriceMarket capP/E
UPL Limited₹555₹3.37 L cr1,155.7
PI Industries Limited₹2,307₹35,066 cr35.8
Sumitomo Chemical India Limited₹455₹22,734 cr26.5
Sharda Cropchem Limited₹742₹6,692 cr19.0
Dhanuka Agritech Limited₹982₹4,428 cr14.7
Rallis India Limited₹204₹3,971 cr
NACL Industries Limited₹149₹3,488 cr41.8
Bhagiradha Chemicals & Industries Limited₹248₹3,215 cr60.2
GSP Crop Science Limited₹484₹2,252 cr21.3
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
69.0%
FII / Foreign
0.2%
DII / Domestic
4.3%
Retail / others
26.4%
Promoter stake down 27.8% over the last 6 quarters.
Smart-money activity
Bulk / block deals
BoughtVINEY EQUITY MARKET LLP · NSE3.20 L @ ₹55.9230 Mar 26
SoldVINEY GROWTH FUND · NSE5.06 L @ ₹82.445 Dec 25
SoldVINEY GROWTH FUND · NSE4.00 L @ ₹103.767 Aug 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 28 Mar 2026
See the official result
1
To approve the re-appointment of Mr. Om Prakash Aggarwal (DIN: 00732440) as a Whole-time Director designated as Executive Chairman
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 75%
45.96 L votes for, 8,701 against · 0% of mutual funds and other big investors said no
2
To approve the re-appointment of Mr. Sanjay Aggarwal (DIN: 00763635) as a Managing Director
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
45.96 L votes for, 8,636 against · 0% of mutual funds and other big investors said no
3
To approve the re-appointment of Mr. Rahul Gupta (DIN: 09192630) as an Independent, Professional and Non-Executive Director
Backed by 100% of shareholders other than promotersneeded 75%
45.96 L votes for, 8,836 against · 0% of mutual funds and other big investors said no
4
To approve the re-appointment of Mr. Sandeep Bhutani (DIN:09463909) as an Independent, Professional and Non-Executive Director
Backed by 100% of shareholders other than promotersneeded 75%
45.95 L votes for, 9,639 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 26 named members
owning 69.0% between them · as of 2026-06-30
SANJAY AGGARWAL20.24%
ARNAV AGGARWAL13.60%
ANSHU AGGARWAL13.39%
OM PARKASH AGGARWAL11.20%
OM PRAKASH AGGARWAL5.47%
ANAMICA AGGARWAL1.58%
RACHITA AGGARWAL1.58%
SANSHI AGGARWAL1.58%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹160 cr raised in Jul 2025 by selling shares to the public

As of Jun 2026, the company says it has spent 95% of what it set aside, leaving ₹8 cr still to be spent. Brickwork Ratings India Private Limited watches the spending on the exchange’s behalf.

Funding working capital requirements of our Company
spent more than set aside
106%
₹69 cr of ₹65 cr
Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company
99%
₹34 cr of ₹34 cr
Capital expenditure of our Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana
39%
₹5 cr of ₹14 cr
General corporate purposes
98%
₹27 cr of ₹28 cr
Issue expenses
86%
₹16 cr of ₹19 cr
Spent by quarter: 79%94%95% (to Jun 2026) · 1 earlier quarter is left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.