India Pesticides Ltd. (IN:IPL)
:IPL
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India Pesticides Ltd.
(IPL)
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Rating:60Neutral
Price Target:
₹185.00
▲(4.52% Upside)
Action:Reiterated
Date:05/26/26
The score is driven primarily by mixed fundamentals: a strong, low-leverage balance sheet offsets weaker cash-flow quality (negative free cash flow in FY2025–FY2026) and post-peak margin compression. Technicals are mildly supportive with improving short-to-medium trend indicators, while valuation offers limited support given a ~21.9 P/E and ~0.43% yield.
Positive Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio (~0.11) and steady equity growth provide structural financial resilience. This reduces refinancing and bankruptcy risk, supports counter-cyclical investment, and preserves capacity to fund capex or absorb working-capital swings without external debt over a 2–6 month horizon and beyond.
Negative Factors
Negative free cash flow
Two consecutive years of negative free cash flow and a sharp deterioration in FY2026 signal persistent cash-generation weakness. This constrains capacity to fund growth, pay dividends, or reduce leverage organically and increases reliance on the balance sheet during heavier reinvestment or working-capital needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A very low debt-to-equity ratio (~0.11) and steady equity growth provide structural financial resilience. This reduces refinancing and bankruptcy risk, supports counter-cyclical investment, and preserves capacity to fund capex or absorb working-capital swings without external debt over a 2–6 month horizon and beyond.
Read all positive factors
India Pesticides Ltd. (IPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹18.36B
Dividend Yield0.43%
Average Volume (3M)35.40K
Price to Earnings (P/E)15.5
Beta (1Y)1.60
Revenue Growth27.62%
EPS Growth43.94%
CountryIN
Employees949
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)9.07
Shares Outstanding115,163,506
10 Day Avg. Volume16,534
30 Day Avg. Volume35,396
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)1.43
Price to Sales (P/S)1.37
P/FCF Ratio-50.02
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
India Pesticides Ltd. Business Overview & Revenue Model
Company Description
India Pesticides Limited (IPL) is an Indian enterprise specializing in agrochemicals. The company is engaged in the manufacturing, marketing, and supply of a diverse array of agrochemical products, including fungicides, herbicides, and insecticide...
How the Company Makes Money
IPL makes money primarily by manufacturing and selling agrochemical products across two main categories: (1) technical grade active ingredients (also referred to as technicals/APIs) and (2) formulated products (finished crop-protection products cr...
India Pesticides Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
84
Very Positive
Cash Flow
42
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.45B | 10.57B | 8.29B | 6.79B | 8.85B | 7.09B |
| Gross Profit | 4.13B | 3.92B | 2.98B | 1.19B | 4.00B | 3.55B |
| EBITDA | 1.72B | 1.74B | 1.34B | 1.02B | 2.08B | 2.27B |
| Net Income | 1.04B | 1.20B | 821.80M | 601.70M | 1.43B | 1.58B |
Balance Sheet | ||||||
| Total Assets | 12.80B | 13.37B | 11.43B | 10.02B | 9.21B | 7.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 1.19B | 698.00M | 904.50M | 314.70M | 186.86M |
| Total Debt | 476.60M | 1.10B | 600.20M | 255.90M | 127.45M | 233.58M |
| Total Liabilities | 3.24B | 3.26B | 2.44B | 1.76B | 1.48B | 1.54B |
| Stockholders Equity | 9.56B | 10.10B | 8.98B | 8.25B | 7.73B | 6.38B |
Cash Flow | ||||||
| Free Cash Flow | 431.60M | -288.70M | -566.40M | 374.50M | -306.20M | -62.03M |
| Operating Cash Flow | 844.10M | 625.00M | 75.10M | 1.15B | 453.70M | 758.17M |
| Investing Cash Flow | -579.70M | -893.30M | -78.60M | -1.20B | -242.52M | -1.33B |
| Financing Cash Flow | -72.20M | 417.60M | 229.10M | 28.00M | -247.78M | 711.28M |
India Pesticides Ltd. Technical Analysis
Negative
177.00
Price Trends
159.12
Positive
155.49
Positive
172.76
Negative
Market Momentum
0.07
Positive
48.40
Neutral
53.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IPL, the sentiment is Negative. The current price of 177 is above the 20-day moving average (MA) of 161.60, above the 50-day MA of 159.12, and above the 200-day MA of 172.76, indicating a neutral trend. The MACD of 0.07 indicates Positive momentum. The RSI at 48.40 is Neutral, neither overbought nor oversold. The STOCH value of 53.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IPL.
India Pesticides Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹81.31B | 12.03 | ― | 1.02% | 21.94% | 123.70% | |
71 Outperform | ₹48.55B | 16.81 | ― | 0.17% | -0.75% | -2.74% | |
64 Neutral | ₹44.71B | 23.57 | ― | 0.92% | 8.79% | 47.20% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ₹18.36B | 15.51 | ― | 0.43% | 27.62% | 43.94% | |
60 Neutral | ₹512.92B | 26.82 | ― | 0.77% | 11.15% | 127.12% | |
55 Neutral | ₹425.64B | 32.68 | ― | 0.49% | -15.85% | -20.44% |
* Basic Materials Sector Average
IN:IPL
India Pesticides Ltd.
159.45
-53.85
-25.25%
IN:DHANUKA
Dhanuka Agritech Limited
1,065.20
-617.40
-36.69%
IN:PIIND
PI Industries Limited
2,805.45
-1,329.29
-32.15%
IN:RALLIS
Rallis India Limited
229.90
-73.96
-24.34%
IN:SHARDACROP
Sharda Cropchem Ltd.
901.20
103.22
12.94%
IN:UPL
UPL Limited
607.60
-25.21
-3.98%
India Pesticides Ltd. Corporate Events
India Pesticides Publishes Audited Results Extract for FY26 in Newspapers
May 24, 2026
India Pesticides Limited has published an extract of its audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 in the Financial Express and Jansatta newspapers. The disclosures, made in line with SEBI l...
India Pesticides Releases FY2026 Earnings Presentation
May 24, 2026
India Pesticides Ltd. has released an investor presentation detailing its audited financial results for the quarter and full year ended 31 March 2026. The documents, prepared in line with SEBI disclosure regulations, have been shared with both the...
India Pesticides tops Rs 1,000 crore revenue with strong herbicide-led growth
May 24, 2026
India Pesticides Limited has reported audited consolidated results for the March 2026 quarter and full fiscal year, crossing the Rs. 1,000 crore revenue mark for FY2026 on the back of strong demand for herbicides and related intermediates. The com...
India Pesticides Corrects XBRL Error in Quarterly Results Filing
Apr 13, 2026
India Pesticides Ltd. has clarified a discrepancy in its financial results submitted to stock exchanges for the quarter ended 30 September 2025, following a query under SEBI’s financial reporting regulations. The company explained that, due ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.