Key Financial Figures - Q2 FY27

  • Revenue from Operations: ₹1,051.7 Cr (+13% YoY)
  • Gross Profit: ₹377.9 Cr (+18% YoY); Gross Margin: 35.9% (+140 bps YoY)
  • EBITDA: ₹164.5 Cr (+18% YoY); EBITDA Margin: 15.6% (+70 bps YoY)
  • Profit Before Tax (excl. Forex gains): ₹108.4 Cr (+26% YoY)
  • Profit After Tax: ₹91.7 Cr (+23% YoY); PAT Margin: 8.7% (+70 bps YoY)
  • EPS: ₹10.2

Key Financial Figures - H1 FY27

  • Revenue from Operations: ₹2,125.5 Cr (+11% YoY)
  • Gross Profit: ₹771.9 Cr (+15% YoY); Gross Margin: 36.3% (+130 bps YoY)
  • EBITDA: ₹342.9 Cr (+22% YoY); EBITDA Margin: 16.1% (+140 bps YoY)
  • Profit Before Tax (excl. Forex gains): ₹225.9 Cr (-11% YoY, due to higher forex gains in H1FY26)
  • Profit After Tax: ₹179.7 Cr (-17% YoY); PAT Margin: 8.5% (-290 bps YoY)
  • EPS: ₹19.9

Segment Performance - Q2 FY27

  • Agrochemical Segment Revenue: ₹840 Cr (+5% YoY)
  • Herbicides: ₹432 Cr (-1% YoY)
  • Insecticides: ₹263 Cr (+18% YoY)
  • Fungicides: ₹144 Cr (+2% YoY)
  • Non Agro-chemical Segment Revenue: ₹212 Cr (+68% YoY)

Segment Performance - H1 FY27

  • Agrochemical Segment Revenue: ₹1,755 Cr (+6% YoY)
  • Herbicides: ₹890 Cr (+4% YoY)
  • Insecticides: ₹496 Cr (+16% YoY)
  • Fungicides: ₹369 Cr (+2% YoY)
  • Non Agro-chemical Segment Revenue: ₹371 Cr (+40% YoY)

Balance Sheet Highlights (as of Sep 30, 2026)

  • Total Equity: ₹3,250.5 Cr (vs. ₹3,137.0 Cr as of Mar 31, 2026)
  • Total Assets: ₹5,659.1 Cr (vs. ₹5,780.3 Cr as of Mar 31, 2026)
  • Inventories: ₹1,529.0 Cr (vs. ₹1,119.6 Cr as of Mar 31, 2026)
  • Trade Receivables: ₹1,460.9 Cr (vs. ₹2,389.3 Cr as of Mar 31, 2026)
  • Cash and Cash Equivalents: ₹299.0 Cr (vs. ₹219.8 Cr as of Mar 31, 2026)
  • Working Capital Days: Reduced to 70 days from 98 days in March 2026

Cash Flow Statement - H1 FY27

  • Net Cash from Operating Activities: ₹564.2 Cr
  • Net Cash from Investing Activities: -₹405.8 Cr
  • Net Cash from Financing Activities: -₹88.1 Cr
  • Net Change in cash and cash equivalents: ₹85.2 Cr

Business Model and Operational Highlights

  • Business Model: Asset-light, IP-led agrochemical company with focus on regulatory assets and global distribution
  • Global Presence: Operations in 80+ countries with 525+ distributors and 500+ sales professionals
  • Product Portfolio: 3,044 registrations supporting agrochemicals (herbicides, fungicides, insecticides, biocides) and non-agrochemicals (rubber and conveyor belts, dyes and dye intermediates, industrial chemicals)
  • Capex Investment: ₹419 Cr in H1 FY27 for intangible assets and development

Strategic Priorities

  • Forward integration through factory-to-farmer approach
  • Expand and strengthen distribution presence
  • Continual investment in registrations and dossier development
  • Focus on operational efficiencies and cost optimization
  • Deepen product portfolio while maintaining financial discipline

Management Overview

  • Mr. Ramprakash V. Bubna: Chairman & Managing Director, 58+ years experience
  • Mr. Ashish Bubna: Whole Time Director, oversees marketing, procurement, registrations and logistics
  • Mr. Manish Bubna: Whole Time Director, oversees conveyor belt and general chemicals business, IT, logistics
  • Mr. Shailesh Mehendale: CFO

Investor Relations

Investor Relation Advisors: Strategic Growth Advisors Pvt. Ltd.

  • Mr. Deven Dhruva / Mr. Ronak Jain
  • Contact: +91 98333 73300 / +91 98209 50544