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India Pesticides Ltd.
(IPL)
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Rating:55Neutral
Price Target:
₹143.00
▼(-4.57% Downside)
Action:Reiterated
Date:08/26/26
The score is mainly supported by balance-sheet strength, but is materially weighed down by poor free-cash-flow quality and clear bearish technicals (price below key moving averages with negative MACD). Valuation is reasonable, but the low dividend yield provides limited offset.
Positive Factors
Conservative balance sheet
Very low leverage gives IPL resilience during agrochemical down-cycles and reduces dependence on external borrowing. Steadily expanding equity also supports asset growth, preserving financial flexibility for operations and future investment.
Negative Factors
Persistently negative free cash flow
Weak and inconsistent free cash generation can constrain IPL's ability to fund capacity, working capital and regulatory investment from operations. Continued cash use may reduce financial flexibility and increase reliance on its otherwise strong balance sheet.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage gives IPL resilience during agrochemical down-cycles and reduces dependence on external borrowing. Steadily expanding equity also supports asset growth, preserving financial flexibility for operations and future investment.
Read all positive factors
India Pesticides Ltd. (IPL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.73B
Dividend Yield0.56%
Average Volume (3M)14.19K
Price to Earnings (P/E)14.4
Beta (1Y)1.59
Revenue Growth17.05%
EPS Growth9.10%
CountryIN
Employees1,126
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)10.40
Shares Outstanding115,163,506
10 Day Avg. Volume13,025
30 Day Avg. Volume14,188
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 engages in the agri chemicals business in India. The company manufactures, sells, and distributes insecticides, fungicides, herbicide, and various agrochemical products, as well as active pharmaceutical ingredients for use...
How the Company Makes Money
IPL primarily makes money by manufacturing and selling agrochemical products. Its main revenue streams include: (1) Sales of technical-grade active ingredients (the core chemical molecules used to make crop-protection products), typically sold bus...
India Pesticides Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
84
Very Positive
Cash Flow
42
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.57B | 8.29B | 6.79B | 8.85B | 7.09B |
| Gross Profit | 3.92B | 2.98B | 1.19B | 4.00B | 3.55B |
| EBITDA | 1.94B | 1.34B | 1.02B | 2.08B | 2.27B |
| Net Income | 1.20B | 821.80M | 601.70M | 1.43B | 1.58B |
Balance Sheet | |||||
| Total Assets | 13.37B | 11.43B | 10.02B | 9.21B | 7.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.17B | 698.00M | 904.50M | 314.70M | 186.86M |
| Total Debt | 1.10B | 600.20M | 255.90M | 127.45M | 233.58M |
| Total Liabilities | 3.26B | 2.44B | 1.76B | 1.48B | 1.54B |
| Stockholders Equity | 10.10B | 8.98B | 8.25B | 7.73B | 6.38B |
Cash Flow | |||||
| Free Cash Flow | -288.70M | -566.40M | 374.50M | -306.20M | -62.03M |
| Operating Cash Flow | 625.00M | 75.10M | 1.15B | 453.70M | 758.17M |
| Investing Cash Flow | -893.30M | -78.60M | -1.20B | -242.52M | -1.33B |
| Financing Cash Flow | 417.60M | 229.10M | 28.00M | -247.78M | 711.28M |
India Pesticides Ltd. Technical Analysis
Negative
149.85
Price Trends
146.61
Negative
153.40
Negative
156.54
Negative
Market Momentum
-2.83
Negative
33.48
Neutral
20.25
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 149.85 is above the 20-day moving average (MA) of 138.45, above the 50-day MA of 146.61, and below the 200-day MA of 156.54, indicating a bearish trend. The MACD of -2.83 indicates Negative momentum. The RSI at 33.48 is Neutral, neither overbought nor oversold. The STOCH value of 20.25 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 (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹40.07B | 18.68 | ― | 1.46% | 4.41% | 24.42% | |
71 Outperform | ₹69.16B | 11.47 | ― | 1.88% | 18.52% | 49.11% | |
67 Neutral | ₹46.64B | 16.72 | ― | 0.20% | -5.63% | -11.38% | |
58 Neutral | ₹486.37B | 24.10 | ― | 1.04% | 12.86% | 72.26% | |
56 Neutral | ₹368.98B | 31.18 | ― | 0.42% | -16.57% | -27.71% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹15.73B | 14.42 | ― | 0.56% | 17.05% | 9.10% |
* General Sector Average
IN:IPL
India Pesticides Ltd.
134.40
-76.11
-36.16%
IN:DHANUKA
Dhanuka Agritech Limited
993.60
-561.30
-36.10%
IN:PIIND
PI Industries Limited
2,390.70
-1,291.86
-35.08%
IN:RALLIS
Rallis India Limited
205.60
-139.13
-40.36%
IN:SHARDACROP
Sharda Cropchem Ltd.
796.80
-71.65
-8.25%
IN:UPL
UPL Limited
576.00
-120.21
-17.27%
India Pesticides Ltd. Corporate Events
India Pesticides Sets Virtual AGM to Approve Results, Dividend and Director Pay Hike
Aug 5, 2026
India Pesticides Ltd. has convened its 41st Annual General Meeting for August 31, 2026, to be held via video conferencing with the registered office in Bareilly deemed as the venue. The meeting will review and adopt audited standalone and consolid...
India Pesticides Q1 FY27 profit and revenue dip on weaker herbicide demand
Aug 2, 2026
India Pesticides Limited reported revenue from operations of Rs. 256 crore for the quarter ended June 30, 2026, down 9.2% from Rs. 282 crore a year earlier, mainly due to softer demand for its herbicide Pretilachlor. Export sales rose slightly to ...
India Pesticides Publishes Q1 FY2027 Investor Presentation
Aug 2, 2026
India Pesticides Ltd. has released an investor presentation accompanying its unaudited financial results for the quarter ended June 30, 2026, designated as Q1 FY2027. The materials, prepared under SEBI listing regulations, aim to update shareholde...
India Pesticides Publishes Q1 FY27 Unaudited Results in Newspapers
Aug 2, 2026
India Pesticides Ltd. has published extracts of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 in the Financial Express and Jansatta newspapers. The disclosure, made pursuant to SEBI listing regulat...
Three Promoter-Group Directors Resign from India Pesticides Board
Jun 6, 2026
India Pesticides Ltd. has announced that three promoter-category non-executive directors, Anand Swarup Agarwal, Vishal Swarup Agarwal and Vishwas Swarup Agarwal, have resigned from the board with effect from the close of business on 6 June 2026. T...
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.