What drove the company's growth in FY26?

Management reports strong domestic demand and higher volume growth as the primary drivers. These factors, paired with increased capacity utilization and backward integration, helped lift the annual net profit by 46%.

How did margins change during the year?

EBITDA margins rose to 18.0%, up from 15.9% in the previous year. This reflects the company's ongoing efforts to integrate operations.

When is the next opportunity to hear from management?

The company has scheduled an earnings conference call for May 25.

How significant is the ₹1,000 crore milestone?

It is the first time the company has surpassed this level of annual income, reaching a total of ₹1,078 crore for the year ended March 31, 2026.

Earnings · Agrochemicals · Small cap

India Pesticides crosses ₹1,000 crore in annual revenue

The company reported a 28% rise in quarterly revenue and a 46% increase in annual net profit, with EBITDA margins widening to 18%.

IPL 24 May 2026 · 2:11 PM IST Verify on BSE · NSE

Mkt cap₹1,903 cr

P/E17.16×

ROE9.15%

Debt / eq.0.06

Div yld0.45%

₹1,078 cr Total annual income for FY26, marking a 28% year-over-year increase.

What's new

Q4 revenue grew 28% to ₹271 crore with net profit up 41% to ₹31 crore.
FY26 net profit reached ₹120 crore, rising 46% compared to the prior fiscal.
EBITDA margins expanded to 18% from 15.9% a year ago.

Why this matters

Crossing the ₹1,000 crore revenue threshold demonstrates scale. A jump from 15.9% to 18% in EBITDA suggests the company's investments in backward integration are yielding direct cash benefits. The test is whether these margins hold against raw material volatility.

What we're watching

Commentary on volume growth versus price realisations during the May 25 conference call.
Updates on further capacity utilization targets for the current fiscal.
Management's outlook on domestic demand sustainability.

The full read

India Pesticides hit a record ₹1,078 crore in total income for FY26, crossing the ₹1,000 crore mark for the first time. The company’s top line grew, and bottom-line performance accelerated as well, with annual net profit climbing 46% to ₹120 crore. In the final quarter, revenue rose 28% to ₹271 crore, while net profit jumped 41% to ₹31 crore. The firm improved its EBITDA margins to 18% from 15.9% in the previous year, proving the effectiveness of recent capacity additions and backward integration. The May 25 conference call will be the first test of whether this margin profile is sustainable in a shifting agrochemical market. The execution is currently clean.

Questions answered

What drove the company's growth in FY26?: Management reports strong domestic demand and higher volume growth as the primary drivers. These factors, paired with increased capacity utilization and backward integration, helped lift the annual net profit by 46%.
How did margins change during the year?: EBITDA margins rose to 18.0%, up from 15.9% in the previous year. This reflects the company's ongoing efforts to integrate operations.
When is the next opportunity to hear from management?: The company has scheduled an earnings conference call for May 25.
How significant is the ₹1,000 crore milestone?: It is the first time the company has surpassed this level of annual income, reaching a total of ₹1,078 crore for the year ended March 31, 2026.

Mentioned: India Pesticides Ltd · FY26 · May 25 conference call

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.