IPLCommodities

India Pesticides Limited

Pesticides & Agrochemicals · ISIN INE0D6701023 · BSE 543311 · NSE EQ · FV ₹1
Last price
₹139
+0.67%today
What this company does

India Pesticides Limited operates in Pesticides & Agrochemicals, part of the Commodities sector. It booked ₹252 cr of revenue in its latest quarter (Q1 FY27) and kept 9.0% of sales as profit.

The Company is primarily exposed to market risk (i.e. interest rate and foreign currency risk) and to credit risk and liquidity risk.
Their stated vision

To be a sustainable helping hand for the farming community on protecting their crops and improving yield and be a dependable partner in the chemical industry.

Their stated mission

To be an R&D-driven chemical manufacturing company where innovative technologies are utilised to sustainably manufacture quality agrochemicals and other industrial specialty chemicals.

In the report:
56out of 100
Equitytale Health Score
Mixed

Healthier than 56% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 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)
50

At close. Not part of the score.

Profitability & returns50

How much profit it earns on the money it employs

Balance sheet71

How much it owes, and whether earnings cover the interest

Cash quality23

Whether reported profit actually arrives as cash

Growth & consistency68

Whether sales and profit have grown, and how steadily

Valuation40

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 64%
No promoter shares pledged
Turns profit into real cash
Watch-outs
! Sales down 9% vs last year
! Profit down 35% vs last year

What if I invest in IPL?

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 We do not publish price targets or predict returns.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
₹139 +0.67%
latest close · 2026-09-17
1-year return
-55.1%
52-wk low ₹13252-wk high ₹354
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 ratio17.5Average
LowAverageHigh
P/B ratio1.58Moderate
Below bookModerateHigh
EV / EBITDA10.6Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity9.0%Fair
WeakFairStrong ▸15%
Return on capital12.6%Fair
WeakFairStrong
Net margin9.0%Decent
ThinDecentStrong
EBITDA margin15.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover12.1×Strong
RiskyOkayStrong ▸5×
Current ratio3.19Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹1,598 cr
Book value
₹88
EPS
₹1.98
latest quarter
Net debt
₹80 cr
owes more than its cash
Enterprise value
₹1,677 cr
EBITDA
₹158 cr
annualised
EBIT
₹134 cr
annualised
Operating margin
13.4%
Return on assets
6.8%
Earnings yield
5.71%
P/S
1.59
Sales / share
₹87.4
Tax rate
26.2%
Face value
₹1
Shares
11.5 cr
Working capital
₹585 cr
Current assets
₹851 cr
Current liabilities
₹267 cr
Delivery %
52.1%
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 2024 report & filings
not investment advice
Hard to value confidentlyLow confidence
It earns about 13% on its capital — below the ~14% return we'd require to fund it — so a low price is likely justified, not a bargain.
Models span ₹74₹210, midpoint ₹143

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₹252 cr
Other Income₹4 cr
Total Income₹256 cr
Cost of Materials₹185 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹-56 cr
Employee Benefit Expense₹18 cr
Finance Costs₹3 cr
Depreciation & Amortisation₹6 cr
Other Expenses₹70 cr
Total Expenses₹225 cr
Profit before Tax₹31 cr
Tax Expense₹8 cr
Net Profit₹23 cr
Net margin on total income8.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹129 cr50.4%
Employee benefit expense₹18 cr6.9%
Finance costs₹3 cr1.1%
Depreciation & amortisation₹6 cr2.3%
Other expenses₹70 cr27.2%
Tax expense₹8 cr3.2%
Profit for the period₹23 cr8.9%
Total income ₹256 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue225 cr266 cr252 cr
Total income229 cr271 cr256 cr
Expenses195 cr233 cr225 cr
Profit before tax34 cr38 cr31 cr
Tax11 cr7 cr8 cr
Net profit (owners' share)23 cr31 cr23 cr
Net margin (owners' share, on revenue)10.1%11.5%9.0%
EPS (₹)1.972.661.98
YoY (latest quarter): total income -10.0% · net profit -34.9%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,337 cr
Shareholder equity
₹1,010 cr
parent shareholders
Total debt
₹107 cr
Cash
₹27 cr
Cash flow · H1 FY26
Operating
₹84 cr
Investing
₹-58 cr
Financing
₹-7 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.
Corporate actions
Dividend yield
0.54%
trailing 12 months
Dividend / share (TTM)
₹0.75
Last dividend
₹0.75
ex 24 Aug 2026
ActionDetailEx-date
Dividend₹0.75 / share24 Aug 2026
Dividend₹0.75 / share12 Aug 2025
Dividend₹0.75 / share12 Aug 2024
Dividend₹0.75 / share17 Aug 2023
Dividend₹0.75 / share11 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
63.6%
FII / Foreign
0.2%
DII / Domestic
0.0%
Retail / others
36.1%
Smart-money activity
Insider trades
BoughtSatya Prakash Gupta · Key Managerial Personnel500 · ₹64,75027 Mar 26
BoughtSatya Prakash Gupta · Key Managerial Personnel500 · ₹67,10024 Mar 26
BoughtVirendra Swarup Agarwal · Promoter Group10,00010 Sep 25
Bulk / block deals
SoldSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE8.68 L @ ₹144.4816 Sep 26
BoughtSILVERLEAF CAPITAL SERVICES PRIVATE LIMITED · NSE8.68 L @ ₹144.3616 Sep 26
BoughtQE SECURITIES LLP · NSE6.53 L @ ₹144.0616 Sep 26
Stake changes
BoughtMr. Satya Prakash Gupta→ 0.00% · 50027 Mar 26
BoughtMr. Satya Prakash Gupta→ 0.00% · 50024 Mar 26
BoughtMrs. Sudha Agarwal · promoter→ 7.07% · 10,00010 Sep 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.

Yearly shareholder meeting · 31 Aug 2026
See the official result
1
To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026, the Reports of the Board of Directors and Auditors thereon and Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2026 and the Report of Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
1.42 cr votes for, 213 against · 0% of mutual funds and other big investors said no
2
To declare a Final Dividend on equity shares of the Company for the Financial Year 2025-26.
Backed by 100% of shareholders other than promotersneeded 50%
1.42 cr votes for, 63 against · 0% of mutual funds and other big investors said no
3
To re-appoint Dr. Kuruba Adeppa (DIN: 08987462), Whole-Time Director who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
1.42 cr votes for, 228 against · 0% of mutual funds and other big investors said no
4
To Increase in Remuneration of Dr. Kuruba Adeppa, (DIN: 08987462) Whole Time Director.
Backed by 100% of shareholders other than promotersneeded 75%
1.42 cr votes for, 6,887 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 — 37 named members
owning 63.6% between them · as of 2026-06-30
Anand Swarup Agarwal31.15%
PSA Family Trust9.78%
Sudha Agarwal7.07%
ASA Family Trust6.70%
MSA Family Trust4.95%
Virendra Swarup Agarwal3.17%
Vishal Swarup Agarwal0.24%
Anurag Swarup Agarwal0.23%
Business done with them
FY2025 · 5 of the group
The company paid ₹8 cr to companies in the promoter group last year — about 1.0% of its ₹829 cr revenue and received ₹35 L back from them.
SWARUP CHEMICALS PRIVATE LIMITED
Contribution made to them · Interest income, other expenses
₹5 cr
company paid
SWARUP CHEMICALS PRIVATE LIMITED
Other payments to them · Interest income, other expenses
₹2 cr
company paid
SWARUP CHEMICALS PRIVATE LIMITED
Other income from them · Interest income, other expenses
₹35 L
company received
SWARUP PUBLICATION PRIVATE LIMITED
Other payments to them · Other expenses
₹26 L
company paid
Anand Swarup Agarwal
Other payments to them · Sitting Fees
also owns 31.15% of the company
₹9 L
company paid
Vishal Swarup Agarwal
Other payments to them · Professional fees,other expenses, Reimbursement of expenses made on behalf of the Company
also owns 0.24% of the company
₹9 L
company paid
Vishwas Swarup Agarwal
Other payments to them · Professional fees
also owns 0.19% of the company
₹7 L
company paid

The company also transacted with 15 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

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