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Indogulf Cropsciences Limited
(IGCL)
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Rating:66Neutral
Price Target:
₹61.00
▼(-4.58% Downside)
Action:Reiterated
Date:07/24/26
The score is held back most by weak cash quality, with negative operating and free cash flow despite strong reported growth and profitability. Offsetting this, technicals are constructive with price above key moving averages and positive momentum indicators, while valuation appears reasonable at ~10.7x earnings.
Positive Factors
Strong Revenue Growth and Profitability
The sharp FY2026 revenue expansion, combined with positive gross, operating and net margins, indicates strong demand for IGCL’s products and an ability to grow while remaining profitable. If sustained, this scale can support reinvestment, broader distribution and stronger earnings capacity over the next several quarters.
Negative Factors
Persistent Negative Cash Flow
Persistent negative operating and free cash flow shows that reported growth and profitability are not converting into cash. This can constrain internally funded expansion, increase reliance on external financing and make the business more vulnerable if working-capital needs remain elevated during continued growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth and Profitability
The sharp FY2026 revenue expansion, combined with positive gross, operating and net margins, indicates strong demand for IGCL’s products and an ability to grow while remaining profitable. If sustained, this scale can support reinvestment, broader distribution and stronger earnings capacity over the next several quarters.
Read all positive factors
Indogulf Cropsciences Limited (IGCL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.59B
Dividend YieldN/A
Average Volume (3M)4.01K
Price to Earnings (P/E)8.3
Beta (1Y)1.13
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees700
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)6.56
Shares Outstanding63,223,995
10 Day Avg. Volume2,874
30 Day Avg. Volume4,014
Financial Highlights & Ratios
PEG Ratio2.10
Price to Book (P/B)0.77
Price to Sales (P/S)0.50
P/FCF Ratio-4.19
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
Indogulf Cropsciences Limited Business Overview & Revenue Model
Company Description
Indogulf Cropsciences Limited is engaged in the production and distribution of a wide array of agricultural solutions, encompassing crop protection agents, plant nourishment products, and biological inputs. These are supplied to both individual co...
How the Company Makes Money
IGCL primarily makes money by selling crop protection products (typically pesticide/insecticide/herbicide/fungicide formulations) through agricultural distribution channels, generating revenue from the sale of finished agri-input products. Its rev...
Indogulf Cropsciences Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.84B | 7.05B | 5.90B | 5.51B | 5.49B | 4.86B |
| Gross Profit | 1.71B | 1.50B | 1.04B | 1.54B | 1.39B | 1.25B |
| EBITDA | 802.76M | 815.88M | 696.86M | 587.04M | 508.71M | 495.97M |
| Net Income | 385.74M | 400.27M | 314.72M | 282.33M | 224.23M | 263.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 8.27B | 6.90B | 5.42B | 5.18B | 4.14B |
| Cash, Cash Equivalents and Short-Term Investments | 129.65M | 123.12M | 96.85M | 5.65M | 1.98M | 11.87M |
| Total Debt | 0.00 | 1.83B | 2.31B | 1.59B | 1.95B | 1.07B |
| Total Liabilities | -4.59B | 3.67B | 4.15B | 3.11B | 3.14B | 2.33B |
| Stockholders Equity | 4.59B | 4.59B | 2.75B | 2.32B | 2.03B | 1.81B |
Cash Flow | ||||||
| Free Cash Flow | -966.56M | -838.86M | -704.15M | 284.92M | -771.71M | -202.11M |
| Operating Cash Flow | -816.91M | -554.64M | -282.36M | 533.40M | -570.10M | -70.05M |
| Investing Cash Flow | -287.26M | -386.91M | -403.49M | -52.25M | -192.94M | -100.15M |
| Financing Cash Flow | 1.13B | 967.82M | 753.54M | -488.85M | 751.98M | 160.94M |
Indogulf Cropsciences Limited Technical Analysis
Negative
63.93
Price Trends
70.17
Negative
66.97
Negative
67.89
Negative
Market Momentum
-3.99
Positive
16.38
Positive
6.07
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:IGCL, the sentiment is Negative. The current price of 63.93 is below the 20-day moving average (MA) of 65.44, below the 50-day MA of 70.17, and below the 200-day MA of 67.89, indicating a bearish trend. The MACD of -3.99 indicates Positive momentum. The RSI at 16.38 is Positive, neither overbought nor oversold. The STOCH value of 6.07 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:IGCL.
Indogulf Cropsciences Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹3.59B | 8.33 | ― | ― | ― | ― | |
66 Neutral | ₹3.97B | 6.21 | ― | 4.14% | 4.27% | 16.51% | |
56 Neutral | ₹4.24B | 7.91 | ― | 0.62% | 18.87% | 91.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹485.93M | -1.22 | ― | 0.28% | -22.27% | -291.72% | |
39 Underperform | ₹1.02B | -7.04 | ― | 2.95% | -100.00% | 57.96% |
* General Sector Average
IN:IGCL
Indogulf Cropsciences Limited
54.02
-52.83
-49.44%
IN:MANAKSIA
Manaksia Limited
58.30
-9.75
-14.33%
IN:MANGALAM
Mangalam Drugs & Organics Ltd.
29.00
-43.29
-59.88%
IN:NAGAFERT
Nagarjuna Fertilizers & Chemicals Ltd.
1.71
-3.39
-66.47%
IN:RAMAPHO
Rama Phosphates Limited
121.45
-26.76
-18.06%
Indogulf Cropsciences Limited Corporate Events
Indogulf Cropsciences Files Voting Results for 34th AGM With Exchanges
Sep 26, 2026
Indogulf Cropsciences Limited, a listed agricultural inputs company trading under scrip code 544432 on BSE and symbol IGCL on NSE, continues to emphasize regulatory compliance and transparent engagement with its public shareholders. Its governance...
Indogulf Cropsciences Sets September 24 Virtual AGM for Shareholders
Aug 29, 2026
Indogulf Cropsciences Limited has announced that its 34th Annual General Meeting will be held on September 24, 2026, at 12:00 p.m. IST via video conferencing or other audio-visual means. The company has published requisite newspaper advertisements...
Indogulf Cropsciences Gets Clean Limited Review on Q1 FY27 Results
Aug 12, 2026
Indogulf Cropsciences Limited’s board met on August 12, 2026 and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results, prepared under Ind AS 34, were accompanied by a limited r...
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.