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NSE:IGCL

INDOGULF CROPSCIENCES LTD

Chemicals › Fertilizers & Agrochemicals
₹56.30
at close · 27 Oct 2026
▼ 0.74 (-1.30%)

Latest filings

  1. Compliance certificate: all shares held in demat form, Q2 FY27 · Compliance
  2. Indogulf Cropsciences: director re-appointment, auditor named, IPO funds reallocated · Management Changes
  3. AGM approvals: director re-appointment, auditor appointment, IPO proceeds change · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells crop protection products (agrochemicals), biologicals and plant nutrients, operating as an integrated agri-solutions platform. The revenue mix is dominated by crop protection at 85%, with biologicals at 6% and plant nutrients at 5%. Distribution runs through B2C (50% of revenue), B2B (38%) and exports (11%), reaching 100K+ farmers via 7,000+ distributors and 192 institutional partners across 34+ countries. Four manufacturing facilities operate at 52% capacity utilisation, with expansion underway at the Barwasni site for dry flowable products. New export markets added in FY26 include Venezuela, Taiwan and Sudan, with Brazil flagged as a future market. Materials are the dominant cost at 72.5% of revenue, while employee costs run at 8.0% and other operating expenses at 12.4%.

Revenue mix · reported segments
Crop Protection85.0%
Biologicals6.0%
Plant Nutrients5.0%
Operating scale
Manufacturing facilities
4FY26
Capacity utilisation
52%FY26
Distributors
7,000+FY26
Institutional partners
192FY26
Farmers engaged
100K+FY26
Export countries
34+FY26
Who pays it
Indian and overseas farmers via 7,000+ distributors and 192 institutional partners; B2C (50%), B2B (38%) and export (11%) channels
Biggest cost
Raw materials at 72.5% of revenue (FY26)
Kind of business
Agrochemical manufacturing with high raw material intensity; distribution-led, multi-channel (B2C/B2B/exports) model
Where it sits
Operates across 34+ countries with 4 manufacturing facilities; founded 1993
Market Cap
₹356 Cr
P / E (TTM)
10.9×
EV / EBITDA
6.4×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
14.7%▲
ROCE (FY26)
ROE 8.7% · margin 11.6%
Leverage
0.39·
Debt / Equity · low
Net debt ₹165 Cr
Moves on a normal day
1.65%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 29 Pesticides & Agrochemicals peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#7/24
P/B#4/28
ROCE#16/29
ROE#15/28
Debt / Equity#18/29
EBITDA margin#22/28
Revenue growth#20/28
Profit growth#23/28

Scorecard

Measured from the filed financials, judged against its Pesticides & Agrochemicals peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Heavy working capital — 236 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

IGCL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from INDOGULF CROPSCIENCES LTD's filed financials and exchange disclosures

What does INDOGULF CROPSCIENCES LTD do?

INDOGULF CROPSCIENCES LTD is a Fertilizers & Agrochemicals company listed on NSE and BSE, trading under the symbol IGCL.

Is INDOGULF CROPSCIENCES LTD profitable?

Yes. Over the trailing twelve months INDOGULF CROPSCIENCES LTD reported a net profit of ₹39 Cr on revenue of ₹684 Cr.

Does INDOGULF CROPSCIENCES LTD pay a dividend?

Not in the latest reported year — INDOGULF CROPSCIENCES LTD's dividend payout for FY26 was nil.

Is INDOGULF CROPSCIENCES LTD debt-free?

No. It reported borrowings of ₹177 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹165 Cr after cash. Debt stands at 0.39× equity. That is higher than 61% of its 29 Pesticides & Agrochemicals peers.

Is INDOGULF CROPSCIENCES LTD expensive compared with its peers?

On trailing P/E, INDOGULF CROPSCIENCES LTD ranks 7 of 24 in Pesticides & Agrochemicals — cheaper than 74% of them, against an industry median of 19.0×. This is a position, not a valuation judgement.

How much does the INDOGULF CROPSCIENCES LTD share price move in a day?

On a typical session INDOGULF CROPSCIENCES LTD moves 1.65% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track INDOGULF CROPSCIENCES LTD's announcements?

Every NSE and BSE filing by INDOGULF CROPSCIENCES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.