India Pesticides Ltd. (IN:IPL)
:IPL
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India Pesticides Ltd.
(IPL)
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Rating:56Neutral
Price Target:
₹131.00
▼(-25.99% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by solid financial fundamentals (growth, margins, and low leverage) but is meaningfully reduced by weak cash generation (negative free cash flow) and very bearish technical signals (below key moving averages with negative MACD). Valuation is neutral with a modest dividend yield.
Positive Factors
Strong Revenue Growth
Sustained revenue growth above 30% indicates expanding end-market penetration for technical AIs, formulations and intermediates. Over 2–6 months this supports scale advantages, better fixed-cost absorption, and a stronger platform to invest in capacity or R&D that can sustain future topline momentum.
Negative Factors
Negative Free Cash Flow
Ongoing negative free cash flow driven by elevated capex undermines internal funding capacity and increases reliance on external financing if capex remains high. Over months this can constrain shareholder returns and limit the firm's ability to fund working capital or opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
Sustained revenue growth above 30% indicates expanding end-market penetration for technical AIs, formulations and intermediates. Over 2–6 months this supports scale advantages, better fixed-cost absorption, and a stronger platform to invest in capacity or R&D that can sustain future topline momentum.
Read all positive factors
India Pesticides Ltd. (IPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹16.11B
Dividend Yield0.43%
Average Volume (3M)35.40K
Price to Earnings (P/E)21.9
Beta (1Y)1.89
Revenue Growth30.14%
EPS Growth48.14%
CountryIN
Employees949
SectorBasic Materials
Sector Strength58
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)1.97
Shares Outstanding115,163,506
10 Day Avg. Volume16,534
30 Day Avg. Volume35,396
Financial Highlights & Ratios
PEG Ratio0.54
Price to Book (P/B)1.79
Price to Sales (P/S)1.94
P/FCF Ratio-28.45
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 operates as an agro-chemical company in India. The company engages in the manufacture, sale, and distribution of fungicides, herbicides, insecticides, and various agrochemical products, as well as active pharmaceutical ing...
How the Company Makes Money
IPL primarily makes money by manufacturing and selling agrochemical products across a few main streams: (1) Sale of technical-grade active ingredients (AIs): IPL produces off-patent crop-protection AIs and sells them to other agrochemical companie...
India Pesticides Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
75
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.45B | 8.29B | 6.79B | 8.85B | 7.09B | 6.43B |
| Gross Profit | 4.13B | 2.98B | 1.19B | 4.00B | 3.55B | 3.39B |
| EBITDA | 1.72B | 1.34B | 1.02B | 2.08B | 2.27B | 1.90B |
| Net Income | 1.04B | 821.80M | 601.70M | 1.43B | 1.58B | 1.35B |
Balance Sheet | ||||||
| Total Assets | 12.80B | 11.43B | 10.02B | 9.21B | 7.92B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 1.22B | 698.00M | 904.50M | 314.70M | 186.86M | 437.41M |
| Total Debt | 476.60M | 600.20M | 255.90M | 127.45M | 233.58M | 304.11M |
| Total Liabilities | 3.24B | 2.44B | 1.76B | 1.48B | 1.54B | 1.28B |
| Stockholders Equity | 9.56B | 8.98B | 8.25B | 7.73B | 6.38B | 3.89B |
Cash Flow | ||||||
| Free Cash Flow | 431.60M | -566.40M | 374.50M | -306.20M | -62.03M | 413.61M |
| Operating Cash Flow | 844.10M | 75.10M | 1.15B | 453.70M | 758.17M | 832.76M |
| Investing Cash Flow | -579.70M | -78.60M | -1.20B | -242.52M | -1.33B | -832.20M |
| Financing Cash Flow | -72.20M | 229.10M | 28.00M | -247.78M | 711.28M | -40.85M |
India Pesticides Ltd. Technical Analysis
Negative
177.00
Price Trends
152.56
Negative
163.63
Negative
187.77
Negative
Market Momentum
-6.56
Negative
45.42
Neutral
50.74
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 140.60, above the 50-day MA of 152.56, and below the 200-day MA of 187.77, indicating a bearish trend. The MACD of -6.56 indicates Negative momentum. The RSI at 45.42 is Neutral, neither overbought nor oversold. The STOCH value of 50.74 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹25.89B | 23.71 | ― | 0.65% | -10.12% | -22.38% | |
69 Neutral | ₹6.45B | 17.61 | ― | 0.81% | 33.39% | 85.08% | |
62 Neutral | ₹10.54B | 17.66 | ― | 0.52% | 28.67% | 50.12% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | ₹16.11B | 21.94 | ― | 0.43% | 30.14% | 48.14% | |
56 Neutral | ₹11.54B | 26.88 | ― | 0.24% | 10.70% | 32.65% | |
45 Neutral | ₹20.84B | -15.05 | ― | 0.43% | -11.11% | -340.74% |
* Basic Materials Sector Average
IN:IPL
India Pesticides Ltd.
139.90
11.92
9.31%
IN:BHAGERIA
Bhageria Industries Ltd.
147.85
-1.40
-0.94%
IN:FCL
Fineotex Chemical Limited
22.33
0.97
4.54%
IN:PUNJABCHEM
Punjab Chemicals & Crop Protection Ltd.
941.05
1.99
0.21%
IN:SHREEPUSHK
Shree Pushkar Chemicals & Fertilisers Ltd.
326.00
99.25
43.77%
IN:TIRUMALCHM
Thirumalai Chemicals Limited
172.85
-63.45
-26.85%
India Pesticides Ltd. Corporate Events
India Pesticides Publishes Postal Ballot Notice in Line with SEBI Disclosure Norms
Feb 4, 2026
India Pesticides Limited has informed stock exchanges that it has published a postal ballot notice in the Financial Express (English) and Jansatta (Hindi) on 4 February 2026, in line with disclosure requirements under SEBI’s Listing Regulati...
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.