Indogulf Cropsciences Ltd.

•

groupindogulf.comBSE: 544432NSE: IGCL

Market Cap₹ 435 Cr.

Current Price

High / Low₹ 115 / 49

Stock P/E11.3

Book Value₹ 73

Price to Book0.93

Dividend Yield0.00 %

ROCE13.4 %

ROE12.4 %

Face Value₹ 10

Add ratio to table

ABOUT

AI Sector View

AI GENERATED

Chemicals

Hold

The available domestic chemical proxies are mixed to weak. Fertilizers output was -8.0% YoY (2026-07) and sale quantity of fertilisers was 0.0% YoY (2026-05), although that high-frequency barometer is stale. FPI positioning is less negative than before, with net 3-month outflow only INR -11 crore versus INR -1229 crore in the prior 3 months to 2026-08-31, but the weak sector driver argues for a neutral stance.

Confidence

55%

View full sector analysis →

PROS

Institutional investors have been accumulating - FII+DII up 4.5pp

CONS

Operating cash flow has been negative in recent years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.22x)
Equity base is being diluted - shares outstanding up 107.4%
Total debt has risen sharply - up 42.6% year on year
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

ChemicalsChemicalsPesticides & Agrochemicals

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	UPL	573.85	23.98	48442.66	1.05	-73.00	58.52	10181.00	10.47	12.00	13.43
2.	PIIND	2257.50	29.40	34250.37	0.66	244.20	-38.95	1702.30	-10.43	16.00	21.69
3.	SUMICHEM	477.00	41.09	23809.25	0.27	214.51	20.45	1063.35	0.62	23.39	21.94
4.	BAYERCROP	3980.00	322.82	17886.95	3.77	321.60	15.39	1835.00	-4.16	30.08	20.03
5.	SHARDACROP	766.05	11.04	6911.34	1.96	88.02	-38.36	1073.77	9.03	31.10	17.32
6.	DHANUKA	980.30	14.72	4370.01	0.20	75.50	27.94	442.02	20.01	24.44	24.83
7.	RALLIS	202.00	23.92	3928.27	1.49	-14.15	-274.26	507.54	7.70	13.23	-0.56
8.	NACLIND	157.65	298.53	3692.85	0.00	20.84	59.82	383.33	-14.50	6.20	10.80
9.	BHAGCHEM	257.45	121.29	3338.33	0.06	133.29	3249.84	1950.19	1475.55	4.55	15.65
10.	GSPCROP	471.50	22.41	2193.36	0.21	263.94	1111.46	3859.95	1153.27	18.46	11.02
11.	BHARATRAS	1157.60	13.43	1924.06	0.04	372.30	838.73	3381.60	796.03	16.63	15.19
12.	IGCL	68.73	11.27	434.54	0.00	2.41	-37.57	168.55	-11.00	13.40	5.67

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	139	132	233	99	126	189	248	116	151	169
	119	126	205	89	105	179	216	104	130	166
Operating Profit	20	6	27	10	21	10	32	12	20	2
OPM %	14.62%	4.50%	11.78%	10.13%	16.51%	5.24%	12.89%	10.09%	13.51%	1.35%
	3	2	1	1	2	1	2	3	2	1
Interest	3	3	3	4	4	4	5	4	4	5
Depreciation	3	2	3	2	3	2	3	3	4	3
Profit before Tax	18	2	23	5	15	5	27	7	14	3
Tax %	27.61%	33.82%	26.69%	20.61%	35.48%	16.77%	23.71%	47.70%	16.65%	22.73%
Net Profit	0	0	0	0	10	4	21	4	12	2
	5.50	0.30	4.07	0.86	2.01	0.80	1.73	0.77	2.30	0.38

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	487	550	552	590	684
	441	501	494	526	617
Operating Profit	47	49	58	64	66
OPM %	9.55%	8.89%	10.57%	10.88%	9.70%
	4	3	1	5	8
Interest	6	12	13	15	18
Depreciation	9	10	10	11	12
Profit before Tax	36	30	36	45	52
Tax %	26.01%	26.03%	21.67%	29.39%	25.18%
Net Profit	26	22	28	31	39
EPS	11.15	9.48	12.00	6.45	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 7%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 6%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -39%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 12%
Last Year:: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	24	24	24	49
	157	180	208	226
	112	200	159	221
Trade Payables	101	82	110	134
	20	33	42	57
Total Liabilities	414	518	542	688
	57	69	48	47
Capital Work in Progress	9	7	22	57
	152	209	195	270
	0	0	221	223
Cash & Bank	5	4	3	10
	191	228	53	81
Total Assets	414	518	542	688

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	3	-46	53	-15
Cash from Investing	-10	-19	-5	-40
Cash from Financing	16	75	-49	61
	-1	-1	-1	7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Jul 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	96.87	69.05	69.05	69.05	69.05
	0.00	0.41	0.21	0.24	0.23
	0.00	5.87	4.11	4.36	4.30
Government	0.00	0.00	0.00	0.00	0.00
	3.13	24.67	26.63	26.35	26.42

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-02

Copy of Newspaper Publication

2026-09-02 - Indogulf Cropsciences Limited has informed the Exchange about Copy of Newspaper Publication after dispatch of Notice of the 34th AGM of the Company to be held on September 24, 2026.

2026-09-01

Shareholders meeting

2026-09-01 - Indogulf Cropsciences Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2026

2026-08-29

Copy of Newspaper Publication

2026-08-29 - Indogulf Cropsciences Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Indogulf Cropsciences Limited has informed the Exchange about Schedule of meet

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Indogulf Cropsciences Limited has informed the Exchange about Schedule of meet

2026-08-21

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-21 - Indogulf Cropsciences Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-21

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-21 - Indogulf Cropsciences Limited has informed the Exchange about Transcript

2026-08-18

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-18 - Indogulf Cropsciences Limited has informed the Exchange about Link of Recording

2026-08-18

Investor Presentation

2026-08-18 - Indogulf Cropsciences Limited has informed the Exchange about Investor Presentation

News

Recent coverage and analyst commentary for IGCL

Loading news…

🤖

AI Stock Analyst

Indogulf Cropsciences Ltd.

🔒

Sign in to Chat with AI

✨ Sign In to Chat

Free 5nance Account

Name

UPL

573.85

23.98

48442.66

1.05

-73.00

58.52

10181.00

10.47

12.00

13.43

PIIND

2257.50

29.40

34250.37

0.66

244.20

-38.95

1702.30

-10.43

16.00

21.69

SUMICHEM

477.00

41.09

23809.25

0.27

214.51

20.45

1063.35

0.62

23.39

21.94

BAYERCROP

3980.00

322.82

17886.95

3.77

321.60

15.39

1835.00

-4.16

30.08

20.03

SHARDACROP

766.05

11.04

6911.34

1.96

88.02

-38.36

1073.77

9.03

31.10

17.32

DHANUKA

980.30

14.72

4370.01

0.20

75.50

27.94

442.02

20.01

24.44

24.83

RALLIS

202.00

23.92

3928.27

1.49

-14.15

-274.26

507.54

7.70

13.23

-0.56

NACLIND

157.65

298.53

3692.85

0.00

20.84

59.82

383.33

-14.50

6.20

10.80

BHAGCHEM

257.45

121.29

3338.33

0.06

133.29

3249.84

1950.19

1475.55

4.55

15.65

GSPCROP

471.50

22.41

2193.36

0.21

263.94

1111.46

3859.95

1153.27

18.46

11.02

BHARATRAS

1157.60

13.43

1924.06

0.04

372.30

838.73

3381.60

796.03

16.63

15.19

IGCL

68.73

11.27

434.54

0.00

2.41

-37.57

168.55

-11.00

13.40

5.67

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

139

132

233

126

189

248

116

151

169

119

126

205

105

179

216

104

130

166

Operating Profit

OPM %

14.62%

4.50%

11.78%

10.13%

16.51%

5.24%

12.89%

10.09%

13.51%

1.35%

Interest

Depreciation

Profit before Tax

Tax %

27.61%

33.82%

26.69%

20.61%

35.48%

16.77%

23.71%

47.70%

16.65%

22.73%

Net Profit

5.50

0.30

4.07

0.86

2.01

0.80

1.73

0.77

2.30

0.38

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

487

550

552

590

684

441

501

494

526

617

Operating Profit

OPM %

9.55%

8.89%

10.57%

10.88%

9.70%

Interest

Depreciation

Profit before Tax

Tax %

26.01%

26.03%

21.67%

29.39%

25.18%

Net Profit

EPS

11.15

9.48

12.00

6.45

—

Dividend Payout %

0.00%

—

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

157

180

208

226

112

200

159

221

Trade Payables

101

110

134

Total Liabilities

414

518

542

688

Capital Work in Progress

152

209

195

270

221

223

Cash & Bank

191

228

Total Assets

414

518

542

688

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-46

-15

Cash from Investing

-10

-19

-5

-40

Cash from Financing

-49

-1

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Jul 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

96.87

69.05

0.00

0.41

0.21

0.24

0.23

0.00

5.87

4.11

4.36

4.30

Government

0.00

3.13

24.67

26.63

26.35

26.42

Indogulf Cropsciences Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Indogulf Cropsciences Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI