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India Pesticides Ltd

Q2 FY26Fertilizers & Agrochemicals

India Pesticides Q2 FY26 earnings call: Revenue & Margins

Q2 FY26 earnings call: what management said on revenue, margins and capex.

Price₹127
Market cap₹1.5K Cr
P/E13.6
Updated16 Oct 2026
Read5 min read

The short version

India Pesticides Limited targets INR 1,000 crores revenue for FY26, primarily from existing facilities at Sandila and Lucknow, with new Shalvis facility contributing starting FY27. India Pesticides Limited targets INR 1,000 crores revenue for FY26, primarily from existing and new facilities.

From India Pesticides Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

  • India Pesticides Limited targets INR 1,000 crores revenue for FY26, primarily from existing facilities at Sandila and Lucknow, with new Shalvis facility contributing starting FY27.
  • Expecting at least 20% growth in FY27 on a standalone basis, with consolidated revenue potentially reaching INR 1,300 crores (INR 1,200 crores standalone + INR 100 crores from Shalvis).
  • Long-term vision to achieve INR 3,000 crores revenue by FY30/FY31 through internal accruals and minor loans.
  • Export revenue expected to contribute 40%-45% of total turnover, with growing momentum and regular bulk formulation orders.
  • Incremental volume growth with expansions like PEDA plant (8,500 MT capacity contributing ~INR 250-300 crores revenue) and backward integration projects to improve margins and reduce imports.

2 more points from India Pesticides Ltd's call on revenue

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Profitability & Margins

See what India Pesticides Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • INR 52 crores capex planned for India Pesticides Limited (IPL) and INR 64 crores for its 100% subsidiary, Shalvis Specialities; both progressing as per schedule (Page 6).
  • INR 116 crores capex underway, with INR 52 crores already spent, expected to start contributing next financial year (Page 8).
  • Backward integration project with INR 65 crores investment for 4,000 metric ton capacity to reduce import dependence and improve margins (Page 7).
  • Capacity expansion from 6,500 to 10,000 metric tons formulation capacity at an expense of INR 2.8 crores; estimated revenue at full utilization around INR 400 crores (Page 8).
  • Shalvis subsidiary expected to contribute approx. INR 100 crores revenue next year, building infrastructure block-wise adding 2-3 blocks every year (Page 7).

2 more points from India Pesticides Ltd's call on capex

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Top-ranked in Fertilizers & Agrochemicals

Ranked on what management guided this quarter

Guidance-ranked
1Anya Polytech &
Rev 2Mar 1
2Dharmaj Crop
Rev 2Mar 2
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 3Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The company has good order books from key export geographies including Europe, Australia, Japan, and the USA.
  • Export orders have increased with international markets showing signs of recovery and normalized inventory levels.
  • The medium-term target for revenue mix is around 55%-60% domestic and approximately 40% export.
  • Strong order outlook supports expanded capacities and growth in coming quarters.

2 more points from India Pesticides Ltd's call on order book

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India Pesticides Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹266 Cr, net profit ₹32 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What India Pesticides Ltd's management said in earlier quarters

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Frequently Asked Questions

What were India Pesticides Ltd Q2 FY26 results?

India Pesticides Limited targets INR 1,000 crores revenue for FY26, primarily from existing facilities at Sandila and Lucknow, with new Shalvis facility contributing starting FY27. India Pesticides Limited targets INR 1,000 crores revenue for FY26, primarily from existing and new facilities.

What is India Pesticides Ltd share price analysis?

India Pesticides Ltd currently shows a neutral. The stock trades at a P/E of 13.6 with a market cap of ₹1,466 Cr. Investors should review the full earnings analysis for detailed insights.

Is India Pesticides Ltd planning capital expenditure?

INR 52 crores capex planned for India Pesticides Limited (IPL) and INR 64 crores for its 100% subsidiary, Shalvis Specialities; both progressing as per schedule (Page 6). - INR 116 crores capex underway, with INR 52 crores already spent, expected to start contributing next financial year (Page 8). - Backward integration project with INR 65 crores investment for 4,000 metric ton capacity to reduce import dependence and improve margins (Page 7). - Capacity expansion from 6,500 to 10,000 metric tons formulation capacity at an expense of INR 2.8 crores; estimated revenue at full utilization around INR 400 crores (Page 8). - Shalvis subsidiary expected to contribute approx.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.