INDIA PESTICIDES LIMITED

Manufactures agrochemicals — herbicides, fungicides and chemical intermediates — selling to both domestic and international customers. In FY26 the company crossed INR 1,000 crores in consolidated revenue for the first time, with EBITDA up 44.7% and PAT up 45.8%. Q4 FY26 domestic sales surged 55% YoY while exports remained stable despite geopolitical logistics disruptions. The company has backward-integrated into PEDA and Pretilachlor, which combined with anti-dumping measures has replaced imports and now meets nearly all Indian demand. It has scaled formulation capacity to 10,000 MT distributed through 24 depots across 18 states, and a Japan partner business is growing ~30% YoY. The Shalvis subsidiary is scaling new manufacturing capacity, with a second block expected operational by September-October 2026. In July 2026 the company received EU Technical Equivalence approval for a fungicide and a fungicide formulation registration in Morocco. Raw materials are the largest cost line at 58.2% of revenue.