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Indogulf Cropsciences Ltd (IGCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544432 NSE: IGCL Pesticides & Agrochemicals | Small Cap | Indogulf Cropscience Share Price

₹56.49 -0.96 (-1.67%)

As on 05-Jun'26 16:59

Indogulf Cropsciences Ltd (IGCL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544432 NSE: IGCL Pesticides & Agrochemicals | Small Cap | Indogulf Cropscience Share Price

₹56.49 -0.96 (-1.67%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹357 Cr.
Current Price
₹56.5
52-Week Low / High
₹50 / 122
TTM EPS
₹6.1
TTM Sales
₹676 Cr.
Book Value per Share
₹72.6
P/E Ratio
9.25
Lower than its 5-year historical median
Industry PE
31.6
Price to Book (P/B)
0.78
Lower than its 5-year historical median
Price to Sales (P/S)
0.53
Lower than its 5-year historical median
EV/EBITDA
6.54
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
12.63%
In line with industry median
Return on Capital Employed (ROCE)
13.55%
In line with industry median
Return on Assets (ROA)
5.24%
Operating Profit Margin
11.2%
Net Profit Margin
5.42%
Gross Profit Margin
8.8%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
7.27%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.33%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
12.72%
Asset Quality
Promoter Holding
69.05%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹396 Cr.
Equity
₹63.2 Cr.
Face Value
₹10
All Time Low / High
₹49.55 / 121.90

Indogulf Cropsciences stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Indogulf Cropsciences Ltd a good quality company?
Indogulf Cropsciences Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Indogulf Cropsciences Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Indogulf Cropsciences Ltd vs industry peers?
Indogulf Cropsciences Ltd revenue CAGR is 5.35%, compared to the industry median CAGR of 4.98%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Indogulf Cropsciences Ltd?
Promoters hold 69.05% of the Indogulf Cropsciences Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Indogulf Cropsciences Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indogulf Cropsciences Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 14.6%12.5%12.6%13.6%-
Value Creation
Index
0.0-0.1-0.10.0-

Growth Parameters

Sales 507568552592676
Sales YoY Gr.-12.2%-2.8%7.3%-
Adj EPS 5.55.36.56.76.1
YoY Gr.--4.2%21.9%4.3%-
BVPS (₹) 38.443.349.356.672.6
Adj Net
Profit
2624.930.332.839
Cash Flow from Ops. -9.1-58.752.5-11.7-
Debt/CF from Ops. -11.2-3.22.9-18.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA5.4%7.3%
Adj EPS NANA6.8%4.3%
BVPSNANA13.8%14.8%
Share Price - - - -

Key Financial Parameters

Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
14.412.913.912.99.5
Op. Profit
Mgn %
8.78.810.611.210.5
Net Profit
Mgn %
5.14.45.55.55.7
Debt to
Equity
0.60.90.70.80
Working Cap
Days
0253288304168
Cash Conv.
Cycle
016118718875

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Sales507568552592
Operating Expenses + 463521494528
Manufacturing Costs41454555
Material Costs333380366385
Employee Cost 27313945
Other Costs 61654445
Operating Profit 44475864
Operating Profit Margin (%) 8.7%8.3%10.6%10.8%
Other Income + 5355
Exceptional Items 00-41
Interest 6111314
Depreciation 881010
Profit Before Tax 36313645
Tax 98813
Profit After Tax 26232832
PAT Margin (%) 5.2%4.1%5.2%5.4%
Adjusted EPS (₹)5.64.96.16.6
Dividend Payout Ratio (%)0%0%0%0%

Valuation of Indogulf Cropscience - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 181204232276
Share Capital 24242449
Reserves 157180208228
Debt +95179148205
Long Term Debt14221936
Short Term Debt81157129169
Minority Interest0000
Trade Payables10182110133
Others Liabilities 44485368
Total Liabilities 420513542682

Fixed Assets

Net Fixed Assets +52644847
Gross Block971157382
Accumulated Depreciation45522535
CWIP 992257
Investments 1100
Inventories152209195263
Trade Receivables153176221226
Cash Equivalents 5439
Others Assets 49505379
Total Assets 420513542682

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -9-5952-12
PBT 36313645
Adjustment 12182623
Changes in Working Capital -47-97-3-68
Tax Paid -10-11-6-12
Cash Flow From Investing Activity + -10-19-5-40
Capex -10-20-6-40
Net Investments 0000
Others 0011
Cash Flow From Financing Activity + 2077-4858
Net Proceeds from Shares 00012
Net Proceeds from Borrowing -118-317
Interest Paid -5-10-12-14
Dividend Paid 0000
Others 3579-3342
Net Cash Flow 0-1-16

Financial Ratio

PARTICULARSMar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)14.6511.9813.0712.63
ROCE (%)14.6212.512.5913.55
Asset Turnover Ratio1.211.221.091.02
PAT to CFO Conversion(x)-0.35-2.571.86-0.38
Working Capital Days
Receivable Days110.40105.90126.60131.40
Inventory Days109.40115.90128.70134.50
Payable Days110.6087.7095.50115.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Indogulf Cropsciences Ltd FAQs

The current trading price of Indogulf Cropscience on 05-Jun-2026 16:59 is ₹56.49.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Indogulf Cropscience stood at ₹357.1 Cr

The latest P/E ratio of Indogulf Cropscience as of 04-Jun-2026 is 9.25.

The latest P/B ratio of Indogulf Cropscience as of 04-Jun-2026 is 0.78.

The 52-week high of Indogulf Cropscience is ₹121.9 and the 52-week low is ₹49.55.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indogulf Cropscience is ₹676 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Indogulf Cropsciences Ltd is a below average quality company.

The key valuation ratios of Indogulf Cropsciences Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indogulf Cropsciences Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Indogulf Cropsciences Ltd

Indogulf Cropsciences Limited was originally incorporated as ‘Jai Shree Rasayan Udyog Limited’, a public limited company under the provisions of the Companies Act, 1956, at New Delhi, India, pursuant to a certificate of incorporation dated January 22, 1993, issued by the Additional Registrar of Companies, Delhi and Haryana. The company commenced its operation pursuant to a certificate of commencement of business dated February 16, 1993, issued by the Registrar of Companies, Delhi and Haryana. Subsequently, with the objective of increasing its brand value in the market and better reflect the business activities of the company, the name of the company was changed to ‘Indogulf Cropsciences Limited’, pursuant to a Board resolution dated March 19, 2015, and a special resolution passed by its Shareholders at the extraordinary general meeting dated April 2, 2015. A fresh certificate of incorporation dated April 28, 2015 was issued by the Registrar of Companies, Delhi and Haryana.

The company is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals in India. It manufactures Spiromesifen technical with the minimum purity of 96.5% in 2019. It is also one of the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical. It is also a growing exporter of crop protection, plant nutrients and biologicals products. It has been recognised as a ‘Two Star Export House’ by Government of India.

It commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It manufactures and market extensive range of products in all types of available formulations such as water dispersible granules (WDG), suspension concentrate (SC), capsule suspension (CS), ultra-low volume (ULV), emulsion in water (EW), soluble granule (SG), flowable suspension (FS), etc. which can be in powder, granules and liquid form to its customers. Its diverse product portfolio caters to a broad spectrum of crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables. Its products are designed to improve crop yield while promoting sustainable agriculture and environmental stewardship.

Business area of the company

The company is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals

Products of the company

Crop protection products

  • Insecticides
  • Herbicides
  • Fungicides
  • Plant growth regulators
  • Adjuvants and efficacy enhancer

Biologicals products

  • Bio-stimulants
  • Bio-fertilizers

Plant Supplements

Awards, accreditations, and recognition

  • 2016: Received a certificate of recognition as a ‘One Star Export House’ from the Ministry of Commerce and Industry, Government of India.
  • 2016: Received first prize for manufacturing outstanding quality products from the Ministry of Micro, Small & Medium Enterprises, Government of India.
  • 2017: Received ISO accreditation for ‘general requirements for the competence of testing and calibration laboratories’ for its facilities at Sonepat, Haryana in the field of testing.
  • 2018: Received ‘Shaurya Sammaan’, an initiative by India News, Haryana.
  • 2019: Received ‘2018 Overseas Market Expansion Award’ at CAC 2019.
  • 2020: Received the ‘Company of the Year’ award issued by Industry Outlook.
  • 2021: Received a certificate of recognition as a ‘Two Star Export House’ issued by the Ministry of Commerce and Industry, Government of India.
  • 2021: Received ISO accreditation for ‘Environmental Management System’.
  • 2020: Its Indogulf group received the ‘Company of the Year’ award for agrochemicals products recognized by Industry Outlook.
  • 2022: Certified as an Authorized Economic Operator (Importer and Exporter) by the Ministry of Finance, Government of India.
  • 2022: Received ISO accreditation for ‘general requirements for the competence of testing and calibration laboratories’ for its facilities at Sonepat, Haryana in the field of testing.
  • 2023: Received ISO accreditation for ‘Quality Management System’.
  • 2024: Received a statement of compliance from Ecocert India Private Limited acknowledging its products mentioned therein to be in compliance for use in organic production.
  • 2025: Received the award for ‘Successful company of the era having presence for more than 20 years-medium scale’ from the Pesticides Manufacturers & Formulators Association of India (PMFAI) at PMFAI-SML Annual AGCHEM Awards.

History and milestones

  • 1996: Established a pesticides unit at Nathupur, Haryana.
  • 2006: Obtained license to manufacture insecticides for its facility at Samba, Jammu and Kashmir.
  • 2012: Obtained license to manufacture insecticides for its Nathupur-I facility at Sonipat, Haryana.
  • 2019: Incorporated Indogulf Cropsciences Australia Pty Ltd., the subsidiary situated in Australia.
  • 2021: Received a certificate of recognition as a ‘Two Star Export House’ issued by the Ministry of Commerce and Industry, Government of India.
  • 2021: Started manufacturing unit at Barwasni, Haryana.
  • 2023: Obtained process patent of WDV Sulphur Noodle.
  • 2023: Obtained product patent for weed control in paddy.
  • 2024: Received formulation patent for weed control in wheat crop.

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