Credit ratingSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Credit Rating 19 Sep - CARE reaffirmed India Pesticides’ ratings: CARE A+; Stable/CARE A1+ for ₹100 crore facilities on 18 September 2026.
Source: Bse
India Pesticides Limited (IPL)
Small CapIndustrials stocks · Small cap · NSE
India Pesticides Limited operates in Agrochemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result02 Aug, 01:09 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
31Bearishfull bear SMA stack · SMA20 -5.0% / mo · MACD − · near 52W low
Stock trend: 18
Sector RS: 50
Sector 3M: -6.3% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
IPLD candles · FIT view-17.1%Latest close ₹123.46 on 2026-10-19
Bar
-2.8%
RSI
30
MACD hist
-0.30
52W pos
0%
2026-10-19O ₹126.99H ₹127.19L ₹123.09C ₹123.46Vol 1.5L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
IPLNifty India ManufacturingNifty 500
- IPL
- -17.6%
- Nifty 500
- -5.6%
- Nifty India Manufacturing
- -5.8%
- Vs Nifty 500
- -12.0 pp
Chart stats
19 Oct 2026- From 52W high
- -40.6%
- 52W range position
- 0%
- ATR (14)
- 2.9%
- Volume vs 20D
- 0.85x
- Avg traded value
- ₹2.1 Cr
- 20D price channel
- ₹123.1 - ₹136.9
₹207.7
₹123.1 - ₹207.7
₹3.5
Latest completed session
20-session average
20.9% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -8.4% · PAT -34.3% YoY
Technical
Bearish31
Price trend and sector-relative-strength timing.
Valuation
Legacy model-109.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -8% YoY · PAT -34% YoY · margin compression
Filed 01 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹252 Cr | -8.4% | -5.3% |
| EBITDA | ₹35 Cr | -22.2% | -16.7% |
| Operating margin | 14.0% | -200 bps | -200 bps |
| PAT | ₹23 Cr | -34.3% | -25.8% |
| PAT margin | 9.1% | -360 bps | -252 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.80
- P/B
- 1.47
- EV/EBITDA
- 8.58
- Market Cap
- 1485.00Cr
Profitability
- ROE
- 12.50%
- ROCE
- 16.60%
- ROA
- 8.08%
- Dividend Y
- 0.58%
Growth (CAGR)
- Revenue 5Y
- 10.00%
- EPS 5Y
- -2.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- -6.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- 20.50×
- Altman Z
- 5.23
- Book Value
- 87.70
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- 62.00 Cr
- EPS TTM
- 9.34
Shareholding
- Promoter Hold
- 63.65%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 252-5.3% vs prev
Net Profit
₹ CrLatest: 23.0-25.8% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 30.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.3% over last month) — short-term momentum negative.
- RSI(14) at 30 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
19
RS percentile
Stage 4 Downtrend
1M return
-8.3%
3M return
-17.6%
6M return
-20.3%
1Y return
-35.0%
RS 1D
+1
RS 20D
+2
Sector rank
#2
Industry rank
#54
Stage evidence
- Price is 16.7% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -1.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
leading
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 60.8-1.76%
RS vs Nifty 50061
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation15/30
Growth5/25
Quality7/20
Balance Sheet12/15
Cash Flow1/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 7/9.
- Balance sheet contributes 12/15 to the score.
- Valuation contributes 15/30 to the score.
Main drags
- Fair-value margin of safety is negative at -109.5%.
- Cash flow is weaker at 1/10; verify the latest quarterly trend.
- Growth is weaker at 5/25; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
13.8
PB
1.5
EV/EBITDA
8.6
ROE
12.5%
ROCE
16.6%
FCF Yield
—
Debt/Equity
0.1
MoS
-109.5%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-109.5%
Previous: -109.5%
Score history
12 stored score snapshots. Latest stored move: +3 points.
20 Oct 2026
v4.3-runtime-valuation
41
42
42
42
43
43
43
43
43
43
43
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹135.76
+9.1% MoS
Growth-justified P/E
6.3
Growth-justified Value
₹58.94
-109.5% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EXCELINDUS
Small
Excel Industries Limited
Agrochemicals
match 170
46
16.1
4.6%
-80%
FAIR VALUE
ASTEC
Small
Astec LifeSciences Limited
Agrochemicals
match 168
8
—
-25.2%
—
OVERVALUED
DHARMAJ
Small
Dharmaj Crop Guard Limited
Agrochemicals
match 168
48
15.0
13.3%
+65%
FAIR VALUE
GSPCROP
Small
GSP Crop Science Limited
Agrochemicals
match 168
46
20.3
16.5%
+1%
FAIR VALUE
HERANBA
Small
Heranba Industries Limited
Agrochemicals
match 164
16
—
-9.7%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
India Pesticides Limited operates in Agrochemicals, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 64th percentile within Industrials. Main check: cash conversion is weak at 43/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
89 docs text-extracted · 42 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Industrials: 64th pctile, median 68 · Small: 69th pctile, median 66
Evidence depth
Financial-only
89 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
43
weak · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
80
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 63.7%.
- ▸Promoter pledge is zero.
- ▸3/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Only 1 years of positive FCF.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching India Pesticides Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Reg. 34 (1) Annual Report. 1 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Resignation of Director 6 Jun - Three promoter directors resigned on 6 June 2026; board now entirely independent.
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
Investor presentationMay 2026
May 2026 · PPT
Source: Bse
Concall transcriptMay 2026
May 2026 · Transcript
Source: Bse
AnnouncementMay 2026
May 2026 · Board Meeting Intimation for Board Meeting 5 May - Board meeting on 23 May 2026 to approve FY26 results and consider final dividend.
Source: Bse
AnnouncementMay 2026
May 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 May - Q4 FY26 earnings conference call scheduled for 25 May 2026 at 1:00 PM IST.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.