India Pesticides Ltd
NSE:IPL
India Pesticides Ltd
India Pesticides Limited manufactures agro-chemical products. The company is headquartered in Lucknow, Uttar Pradesh and currently employs 800 full-time employees. The company went IPO on 2021-07-05. The firm is primarily engaged in the business of manufacture, sale, and distribution of insecticides, fungicides, herbicide, and various other agrochemical products. The company manufactures both technicals and formulations in agrochemical and active pharma ingredients for pharma industry. Its technicals products include herbicides, such as Aclonifen, Pretilachlor, and Prosulfocarb; fungicides, such as Thiram, Ziram, Cymoxanil, Folpet, and Captan; insecticides, such as Diafenthiuron and Thiamethoxam, and intermediates, such as Pthalamide and Tetra Hydro Pthalamide. Its formulations include IPL Dollar, IPL Vardan, IPL Vecto, IPL Trim WG, IPL-Sodhit DS, IPL-Sodhit WS, Captax-50, IPL Natraj, Sanjeevni, IPL Trim, IPL Talwar SC, and Carbine-50. Its active pharma ingredients include Anti-Fungal Drugs and Anti-Scabies Drugs. The company supplies its products to United States of America, Australia, Europe, Africa, South America and Asia.
India Pesticides Limited manufactures agro-chemical products. The company is headquartered in Lucknow, Uttar Pradesh and currently employs 800 full-time employees. The company went IPO on 2021-07-05. The firm is primarily engaged in the business of manufacture, sale, and distribution of insecticides, fungicides, herbicide, and various other agrochemical products. The company manufactures both technicals and formulations in agrochemical and active pharma ingredients for pharma industry. Its technicals products include herbicides, such as Aclonifen, Pretilachlor, and Prosulfocarb; fungicides, such as Thiram, Ziram, Cymoxanil, Folpet, and Captan; insecticides, such as Diafenthiuron and Thiamethoxam, and intermediates, such as Pthalamide and Tetra Hydro Pthalamide. Its formulations include IPL Dollar, IPL Vardan, IPL Vecto, IPL Trim WG, IPL-Sodhit DS, IPL-Sodhit WS, Captax-50, IPL Natraj, Sanjeevni, IPL Trim, IPL Talwar SC, and Carbine-50. Its active pharma ingredients include Anti-Fungal Drugs and Anti-Scabies Drugs. The company supplies its products to United States of America, Australia, Europe, Africa, South America and Asia.
Strong Revenue Growth: India Pesticides reported Q3 revenue of INR 229 crores, up 31% year-on-year, and 9-month revenue of INR 808 crores, a 28% increase.
Profitability Expansion: Net profit for Q3 reached INR 23 crores, up 41% YoY, with PAT margin improving to 10%. EBITDA margin rose to 18%.
Exports & Domestic Strength: Export sales grew 28% YoY, driven by Europe and Australia, while domestic sales rose 33%. The company maintains a balanced market mix.
Capacity & CapEx: Capacity utilization reached 65% in Q3. Capacity expansions are ongoing, with further CapEx of INR 80–100 crores for Shalvis and INR 25–30 crores for Sandila planned.
Stable Pricing: Realizations remained stable across domestic and export markets, with limited price softening in a few products.
Positive Outlook: Management reaffirmed guidance for 20% revenue growth and 18–20% margins in FY '27, and outlined a roadmap to INR 3,000 crores revenue in five years.
