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India Pesticides Ltd. (IPL) AI Stock Analysis

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IN:IPL

India Pesticides Ltd.

(NSE:IPL)

Select Model
Rating:55Neutral
Price Target:INR 115.00â–²(2.13% Upside)
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 SheetVery low leverage gives IPL resilience through agricultural and earnings down-cycles, while reducing dependence on external borrowing. A steadily expanding equity base also supports asset growth and preserves financial flexibility for investment or working-capital needs.
Negative Factors
Negative Free Cash FlowPersistently negative free cash flow weakens IPL’s ability to fund expansion, dividends, or balance-sheet growth from operations. It signals elevated reinvestment needs or working-capital absorption, making the company more reliant on its strong balance sheet during cash-intensive periods.

India Pesticides Ltd. (IPL) vs. iShares MSCI India ETF (INDA)

-40%-30%-20%-10%0%10%IN:IPL-38.99%INDA-12.02%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
INR 14.71B
Dividend Yield
0.67%
Average Volume (3M)
32.99K
Price to Earnings (P/E)
12.1
Beta (1Y)
1.59
Revenue Growth
17.05%
EPS Growth
9.10%
Country
India
Employees
1,126
Sector
General
Sector Strength
55
Industry
Agricultural Inputs

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 in...

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 busine...

India Pesticides Ltd. Financial Statement Overview

Summary

Strong balance sheet strength (low leverage; Balance Sheet Score 84) supports resilience, but overall financial quality is held back by weak and inconsistent cash generation (Cash Flow Score 42, negative free cash flow in FY2025–FY2026) and compressed profitability versus prior peak years despite the FY2026 revenue rebound (Income Statement Score 67).

Income Statement

67Positive

Balance Sheet

84Very Positive

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue10.57B10.57B8.29B6.79B8.85B7.09B
Gross Profit4.56B3.92B2.98B1.19B4.00B3.55B
EBITDA1.94B1.94B1.34B1.02B2.08B2.27B
Net Income1.20B1.20B821.80M601.70M1.43B1.58B
Balance Sheet
Total Assets13.37B13.37B11.43B10.02B9.21B7.92B
Cash, Cash Equivalents and Short-Term Investments1.17B1.17B698.00M904.50M314.70M186.86M
Total Debt1.10B1.10B600.20M255.90M127.45M233.58M
Total Liabilities3.26B3.26B2.44B1.76B1.48B1.54B
Stockholders Equity10.10B10.10B8.98B8.25B7.73B6.38B
Cash Flow
Free Cash Flow431.60M-288.70M-566.40M374.50M-306.20M-62.03M
Operating Cash Flow844.10M625.00M75.10M1.15B453.70M758.17M
Investing Cash Flow-579.70M-893.30M-78.60M-1.20B-242.52M-1.33B
Financing Cash Flow-72.20M417.60M229.10M28.00M-247.78M711.28M

India Pesticides Ltd. Technical Analysis

Technical Analysis SentimentNegative
Last Price112.60

Price Trends

50DMA131.19Negative
100DMA142.46Negative
200DMA148.77Negative

Market Momentum

MACD-5.10Positive
RSI26.24Positive
STOCH21.63Neutral

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 112.60 is below the 20-day moving average (MA) of 123.93, below the 50-day MA of 131.19, and below the 200-day MA of 148.77, indicating a bearish trend. The MACD of -5.10 indicates Positive momentum. The RSI at 26.24 is Positive, neither overbought nor oversold. The STOCH value of 21.63 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

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IN:IPL against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IN:SHARDACROPIN:SHARDACROP76OutperformINR 59.96B9.58―2.26%18.52%49.11%
IN:DHANUKAIN:DHANUKA73OutperformINR 43.75B16.48―0.20%-5.63%-11.38%
IN:PIINDIN:PIIND66NeutralINR 316.94B27.34―0.48%-16.57%-27.71%
IN:RALLISIN:RALLIS63NeutralINR 35.75B18.14―1.63%6.82%11.93%
IN:UPLIN:UPL58NeutralINR 434.20B21.45―1.17%12.86%72.26%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
IN:IPLIN:IPL55NeutralINR 12.97B12.05―0.67%17.05%9.10%

* General Sector Average

Performance Comparison

-25%0%25%50%IN:IPLIN:DHANUKAIN:PIINDIN:RALLISIN:SHARDACROPIN:UPLDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IN:IPL and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IN:IPLIndia Pesticides Ltd.112.60-77.23-40.68%
IN:DHANUKADhanuka Agritech Limited981.50-322.04-24.70%
IN:PIINDPI Industries Limited2089.00-1580.52-43.07%
IN:RALLISRallis India Limited183.85-75.13-29.01%
IN:SHARDACROPSharda Cropchem Ltd.664.60-135.86-16.97%
IN:UPLUPL Limited514.35-208.80-28.87%

India Pesticides Ltd. Corporate Events

India Pesticides Closes Trading Window Ahead of September Quarter Results

Sep 26, 2026

India Pesticides Ltd. has announced the closure of its trading window for designated persons and their immediate relatives from 1 October 2026 until 48 hours after the release of unaudited financial results for the quarter and half year ended 30 Sept...

India Pesticides Wins Key Global Approvals for Insecticide, Herbicide Products

Sep 18, 2026

India Pesticides Limited has secured Technical Equivalence approval for one of its insecticide products in the United Kingdom and obtained registration for one of its herbicide products in Argentina. These clearances open access to two important over...

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 consolidate...

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 Rs....

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 shareholders...

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 regulation...

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.

Date of analysis: Aug 26, 2026