Price
Financials
Consolidated, Rs crore| Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 138.83 | 132.13 | 232.85 | 99.21 | 126.23 | 189.37 | 248.34 | 116.10 | 150.82 | 168.55 |
| Expenses | 118.52 | 126.17 | 205.42 | 89.15 | 105.38 | 179.44 | 216.33 | 104.39 | 130.45 | 159.00 |
| Operating Profit | 20.31 | 5.96 | 27.43 | 10.06 | 20.85 | 9.93 | 32.01 | 11.71 | 20.37 | 9.55 |
| OPM % | 14.63% | 4.51% | 11.78% | 10.14% | 16.52% | 5.24% | 12.89% | 10.09% | 13.51% | 5.67% |
| Other Income | 3.43 | 1.70 | 1.13 | 0.63 | 1.95 | 0.94 | 2.31 | 2.70 | 1.62 | 0.86 |
| Interest | 3.28 | 3.16 | 3.18 | 4.04 | 4.15 | 3.79 | 4.59 | 4.31 | 4.38 | 4.51 |
| Depreciation | 2.58 | 2.46 | 2.64 | 2.04 | 3.46 | 2.43 | 2.62 | 2.72 | 3.68 | 2.78 |
| Profit before tax | 17.88 | 2.04 | 22.74 | 4.61 | 15.19 | 4.65 | 27.11 | 7.38 | 13.93 | 3.12 |
| Tax % | 27.63% | 34.31% | 26.65% | 20.61% | 35.48% | 16.77% | 23.72% | 47.70% | 16.65% | 22.76% |
| Net Profit | 12.94 | 1.35 | 16.67 | 3.66 | 9.80 | 3.87 | 20.69 | 3.86 | 11.61 | 2.41 |
| EPS in Rs | 5.50 | 0.28 | 3.42 | 0.75 | 2.01 | 0.79 | 3.27 | 0.61 | 1.84 | 0.38 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| Sales | 443 | 486 | 550 | 552 | 590 | 705 | 684 |
| Expenses | 404 | 442 | 501 | 493 | 526 | 631 | 610 |
| Operating Profit | 39 | 45 | 49 | 59 | 64 | 74 | 74 |
| OPM % | 9% | 9% | 9% | 11% | 11% | 10% | 11% |
| Other Income | 2 | 4 | 3 | -0 | 5 | 8 | 7 |
| Interest | 5 | 6 | 12 | 13 | 15 | 17 | 18 |
| Depreciation | 6 | 8 | 10 | 10 | 11 | 11 | 12 |
| Profit before tax | 30 | 36 | 30 | 36 | 45 | 53 | 52 |
| Tax % | 26% | 26% | 26% | 22% | 29% | 25% | |
| Net Profit | 22 | 26 | 22 | 28 | 31 | 40 | 39 |
| EPS in Rs | 9.48 | 11.25 | 9.53 | 12.00 | 6.45 | 6.33 | 6.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 10% | 9% | 6% | ||
| Compounded Profit Growth | % | 12% | 21% | 14% | ||
| Stock Price CAGR | % | % | % | -44% | ||
| Return on Equity | % | 13% | 12% | 11% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 24 | 24 | 24 | 24 | 49 | 63 |
| Reserves | 130 | 157 | 180 | 208 | 226 | 396 |
| Borrowings | 79 | 102 | 195 | 159 | 227 | 183 |
| Other Liabilities | 178 | 139 | 120 | 154 | 188 | 181 |
| Total Liabilities | 411 | 421 | 519 | 544 | 690 | 823 |
| Fixed Assets | 51 | 53 | 69 | 48 | 47 | 49 |
| CWIP | 6 | 9 | 9 | 23 | 58 | 76 |
| Investments | 3 | 0 | 0 | 0 | 0 | 12 |
| Other Assets | 351 | 359 | 440 | 474 | 585 | 687 |
| Total Assets | 411 | 421 | 519 | 544 | 690 | 823 |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity | 20 | -7 | -57 | 53 | -15 | -41 |
| Cash from Investing Activity | -10 | -10 | -19 | -5 | -40 | -37 |
| Cash from Financing Activity | -9 | 16 | 75 | -49 | 61 | 80 |
| Net Cash Flow | 1 | -1 | -1 | -1 | 7 | 3 |
| Free Cash Flow | 10 | -19 | -77 | 47 | -55 | -69 |
| CFO/OP | 72% | 6% | -95% | 100% | -5% | -36% |
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 97 | 115 | 117 | 146 | 138 | 125 |
| Inventory Days | 205 | 167 | 201 | 195 | 260 | 258 |
| Days Payable | 138 | 111 | 79 | 109 | 129 | 96 |
| Cash Conversion Cycle | 164 | 171 | 239 | 232 | 268 | 286 |
| Working Capital Days | 62 | 86 | 91 | 111 | 114 | 158 |
| ROCE % | 16% | 12% | 13% | 13% | 12% |
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Promoters | 96.86% | 69.05% | 69.05% | 69.05% | 69.05% |
| FIIs | 0.00% | 0.41% | 0.21% | 0.24% | 0.23% |
| DIIs | 0.00% | 6.23% | 4.39% | 4.36% | 4.30% |
| Public | 3.14% | 24.32% | 26.36% | 26.35% | 26.42% |
| No. of Shareholders | 28 | 24,798 | 24,867 | 23,867 | 23,768 |
Fundamentals
Market Cap₹ 363 Cr.
Current Price₹ 57.2
Stock P/E9.42
Book Value₹ 72.6
ROCE12.2 %
ROE10.9 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)6%
Compounded Profit Growth (TTM)14%
Consolidated figures.
Valuation
Market capRs 347 Cr
Enterprise valueRs 444 Cr
P/E (TTM)9.00x
Price to book1.93x
Price to sales0.51x
EV / EBITDA5.47x
EV / EBIT6.40x
EV / sales0.65x
Earnings yield11.11%
Profitability
Operating margin (excl. other income)9.19%
Operating margin (incl. other income)10.06%
EBITDA margin11.86%
Pre-tax margin7.54%
Net profit margin5.64%
Net margin, latest quarter1.43%
ROE15.86%
ROCE16.06%
ROA6.37%
ROIC (approx.)18.53%
Tax rate25.99%
Other income / net worth2.35%
Growth
Sales growth (latest year)9.79%
Profit growth (latest year)18.66%
Sales growth QoQ11.76%
Profit growth QoQ-79.24%
Sales growth YoY (latest quarter)-10.99%
Profit growth YoY (latest quarter)-37.73%
Per share
EPS (TTM)Rs 6.07
EPS (latest year)Rs 11.25
EPS (latest quarter)Rs 0.38
Book value per shareRs 28.33
Sales per shareRs 107.62
Cash flow per shareRs -1.10
Free cash flow per shareRs -10.86
Efficiency
Asset turnover1.16x
Fixed asset turnover9.20x
Inventory turnover2.31x
Inventory days158 days
Debtor days115 days
Debtors turnover3.17x
Creditor days96 days
Cash conversion cycle286 days
Working capital days158 days
Leverage
Total debtRs 102 Cr
Cash and bankRs 5 Cr
Net debtRs 97 Cr
Debt to equity0.57x
Net debt / EBITDA1.20x
Interest coverage3.90x
Owners' fund to total sources42.81%
Debt to assets24.20%
Cash flow
Cash from Operating Activity (latest year)Rs -7 Cr
Cash from Investing Activity (latest year)Rs -10 Cr
Cash from Financing Activity (latest year)Rs 16 Cr
Net Cash Flow (latest year)Rs -1 Cr
Free cash flow (latest year)Rs -69 Cr
FCFE (approx.: FCF + change in debt)Rs -46 Cr
Cash from ops / profit, 5 years-0.46x
Statement figures
Net sales (TTM)Rs 684 Cr
Net sales (latest year)Rs 486 Cr
Sales (latest quarter)Rs 169 Cr
Operating profit excl. other income (latest year)Rs 45 Cr
Operating profit (latest quarter)Rs 10 Cr
Other income (TTM)Rs 7 Cr
EBITDA (TTM)Rs 81 Cr
PBDT (TTM)Rs 63 Cr
Profit before tax (TTM)Rs 52 Cr
Tax (latest year)Rs 9 Cr
Net profit (TTM)Rs 39 Cr
Net profit (latest year)Rs 26 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 12 Cr
Depreciation (latest quarter)Rs 3 Cr
Interest (TTM)Rs 18 Cr
Cost of goods sold (latest year)Rs 351 Cr
Total expenditure (latest year)Rs 442 Cr
Total income (latest year)Rs 491 Cr
Share capitalRs 24 Cr
ReservesRs 157 Cr
Shareholders' fundsRs 180 Cr
Total assetsRs 421 Cr
Net blockRs 53 Cr
Capital work in progressRs 9 Cr
ReceivablesRs 153 Cr
InventoryRs 152 Cr
Other liabilitiesRs 139 Cr
Shares outstanding (crore)6.35
Ownership
Promoter holding69.05% (-27.81 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | IGCL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -12.0% | -2.8% | -9.3 pts |
| 1 month | -24.1% | -6.8% | -17.3 pts |
| 3 months | -21.8% | -7.6% | -14.1 pts |
| 6 months | -6.6% | +0.4% | -7.0 pts |
| 1 year | -48.1% | -9.9% | -38.1 pts |
Red flags
F-score 5 of 8| explain | Weak cash conversion Cash from operations was 27% of net profit over the last 2 years |
| look | Auditor change Auditor change 2026-04-07: Indogulf Cropsciences Limited has informed the Exchange regarding Change in Auditors of the company. |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹169 Cr -11.0% vs Jun 2025.
Net profit ₹2 Cr -37.7%.
Against our estimate for Jun 2026: sales -24.7%, profit -80.5% big miss. Our estimate for Sep 2026: sales Rs 259 Cr, profit Rs 14 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| UPL Ltd | 45,402 | 23.0 | 10.1 % |
| P I Industries Ltd | 34,725 | 32.2 | 15.0 % |
| Sumitomo Chemical India Ltd | 21,521 | 37.7 | 23.5 % |
| Bayer CropScience Ltd | 16,191 | 22.1 | 29.1 % |
| Sharda Cropchem Ltd | 6,509 | 10.4 | 30.2 % |
| Dhanuka Agritech Ltd | 4,148 | 15.5 | 23.8 % |
| Rallis India Ltd | 3,882 | 17.0 | 14.1 % |
| Bhagiradha Chemicals & Industries Ltd | 3,128 | 114 | 4.53 % |
| NACL Industries Ltd | 3,101 | 120 | 8.13 % |
| GSP Crop Science Ltd | 2,198 | 21.0 | 18.9 % |
| Insecticides India Ltd | 1,706 | 13.6 | 15.8 % |
| Bharat Rasayan Ltd | 1,673 | 12.0 | 16.1 % |
| Astec Lifesciences Ltd | 1,552 | -5.44 % | |
| India Pesticides Ltd | 1,533 | 14.2 | 16.6 % |
| Meghmani Organics Ltd | 1,458 | 22.7 | 6.71 % |
No bulk or block deals on record.
No corporate actions on record.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Indogulf Cropsciences Ltd?
Indogulf Cropsciences Ltd (IGCL) has a market capitalisation of Rs 363 Cr. at the 2026-10-01 close.
What is the P/E ratio of Indogulf Cropsciences Ltd?
Indogulf Cropsciences Ltd trades at a P/E of 9.42 on trailing twelve-month profit, at the 2026-10-01 close.
What were Indogulf Cropsciences Ltd's latest quarterly results?
In the Jun 2026 quarter, Indogulf Cropsciences Ltd sales was Rs 169 Cr (-11.0% vs Jun 2025) and net profit was Rs 2 Cr.
What is the 52-week high and low of Indogulf Cropsciences Ltd?
The 52-week high is Rs 111.40 and the 52-week low is Rs 49.46.