Document Context

India Pesticides Limited submitted an investor presentation to BSE and NSE pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, dated May 24, 2026. The presentation covers audited financial results for the quarter and year ended March 31, 2026.

Company Overview

India Pesticides Limited is an advanced molecule-based manufacturing platform supplying technicals to global agrochemical companies. The company operates with in-house R&D and project engineering capabilities, serving both Indian agrochemical companies and international subsidiaries. The formulations business (10,000 MTPA capacity) leverages in-house technical products with over 350 sales team members operating across 18 states and 6 zonal offices.

Financial Performance Highlights

Q4 FY2026 Results:

  • Total Revenue: ₹271 crore, up 28.5% YoY
  • EBITDA: ₹46 crore, up 31.1% YoY
  • EBITDA Margin: 17.0%
  • PAT: ₹31 crore, up 40.6% YoY
  • PAT Margin: 11.3%
  • EPS: ₹2.66, up 40.6% YoY

Full Year FY2026 Results:

  • Total Revenue: ₹1,078 crore, up 27.9% YoY (first time crossing ₹1,000 crore)
  • EBITDA: ₹194 crore, up 44.7% YoY
  • EBITDA Margin: 18.0% (vs 15.9% in FY25)
  • PAT: ₹120 crore, up 45.8% YoY
  • PAT Margin: 11.1% (vs 9.7% in FY25)
  • EPS: ₹10.40, up 45.8% YoY

Quarterly Comparison:

Q4 FY26 showed sequential improvement from Q3 FY26 with revenue up 18.4% QoQ (₹229 crore to ₹271 crore) and PAT up 34.9% QoQ (₹23 crore to ₹31 crore).

Revenue Breakdown

Technicals + APIs constituted 71% of total revenue during FY2026.

Management Commentary

Anand Swarup Agarwal, Founder, Promoter and Director, stated that the agrochemical industry navigated a dynamic operating environment with changing global demand patterns and pricing pressures. The strong performance was driven by robust domestic demand, higher capacity utilization, and consistent execution across key business segments. The company emphasized its focus on process optimization, backward integration, and strengthening customer relationships.

Manufacturing Capacity

  • Sandila Facility: 26,100 MTPA (Herbicides) + 3,500 MTPA (Formulations)
  • Hamirpur Facility: 100 MTPA (currently 2 of 10 blocks operational, focusing on Insecticides)
  • Total Capacity: 28,300 MTPA Technicals + 10,200 MTPA Formulations

The Hamirpur facility provides a clear pathway for capacity expansion to 30,000 MTPA and incremental revenues.

R&D and Project Engineering

The company maintains DSIR-recognized laboratories focused on process innovation, cost optimization, and development of new molecules/intermediates. R&D capabilities enable faster commercialization of products and have supported backward integration initiatives, reducing dependency on external suppliers particularly away from China.

Customer Profile

The company has longstanding relationships with 60+ international customers including multinational companies. Customer relationships are maintained through quality product offerings and compliance with stringent specifications. Sales offtake agreements with existing customers ensure peak utilization of expanded capacity.

Business Timeline Key Milestones

  • 1991: Commencement of commercial production at Dewa Road facility
  • 2009: DSIR registration of R&D unit at Tiwariganj
  • 2015: Commercial production commenced at Sandila facility
  • 2021-23: Listing on BSE and NSE; Environmental clearance for Hamirpur expansion
  • 2024: Commissioned intermediate plant for backward integration; Started formulation production at Shalvis Specialities Limited
  • 2025: Focus on innovation, advanced technology, and backward integration
  • 2026: Expanded domestic manufacturing capabilities to reduce import reliance; Started technicals production at Shalvis Specialities Limited

ESG Initiatives

The company maintains ISO 9001:2015, 14001:2015, 45001:2018 and 10002:2018 certifications. ESG initiatives include:

  • Green belt development through Miyawaki method
  • Utilization of bio-mass in operations
  • Usage of 6 MW solar power supply at Sandila unit
  • Community investment of ₹3.41 crore
  • GHG emissions: 34,324 MTCO2e
  • Renewable energy consumed: 6,70,059.7 GJ
  • Recycling waste: 842.03 MT

The company received the CSR Impact Award for initiatives "Chuppi Tod Halla Bol" and "Samagra Sudhar" and the Social Responsibility Excellence Award from PMFAI.

Corporate Structure and Contacts

Key management personnel:

  • Mr. Dheeraj Kumar Jain: Chief Executive Officer - IPL
  • Mr. Aditya Kumar Nigam: Chief Executive Officer - SSL
  • Mr. Satya Prakash Gupta: Chief Financial Officer - IPL
  • Mr. Narendra Ojha: Company Secretary and Compliance Officer - IPL

Investor contacts provided: S P Gupta (CFO) at +91 522 265 3602 and Churchgate Partners representatives.