India Pesticides Limited (IPL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of India Pesticides Limited ₹177, price ₹131, upside +35.1%, quality 59 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹123.34 – ₹402.46 · fair‑value band ₹132.43 – ₹220.72 · the ₹130.68 price screens below the ₹176.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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India Pesticides Limited engages in the agri chemicals business in India. The company manufactures, sells, and distributes insecticides, fungicides, herbicide, and various agrochemical products, as well as active pharmaceutical ingredients for use in pharmaceutical drugs. The company also exports its products to approximately 35 countries.
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India Pesticides Limited engages in the agri chemicals business in India. The company manufactures, sells, and distributes insecticides, fungicides, herbicide, and various agrochemical products, as well as active pharmaceutical ingredients for use in pharmaceutical drugs. The company also exports its products to approximately 35 countries. India Pesticides Limited was incorporated in 1984 and is based in Lucknow, India.
Stock analysis
India Pesticides Limited (IPL) currently trades at ₹130.68, while our model-based Fair Value estimate is ₹176.58, implying the stock looks roughly 26.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹257.00 per share, and 10 of the 17 models we run sit above the ₹130.68 price.
Bear case: the Asset-Based group reads lowest at ₹58.76, and 7 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹132.43 (bear) to ₹220.72 (bull), the price of ₹130.68 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
India Pesticides Limited reported revenue of ₹10.6B in FY2026 versus ₹7.1B in FY2022, a compound +10.5%/yr. Reported net income was ₹1.2B in FY2026, compounding −6.7%/yr from FY2022.
Key figures
Market cap ₹15.1B (≈ $156M) · P/E ratio 14.0 · P/S ratio 1.59 · EPS (TTM) ₹9.34 · Dividend yield 0.6% · Net margin 11.3% · Return on equity 12.6% · Return on assets (EBIT) 14.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 17% fair-value upside, at 35%, IPL screens cheaper than that median.
Fair Value models
Bear ₹132.43Fair Value ₹176.58Bull ₹220.72
Price ₹130.68 · Upside +35.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.38 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.60/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+27.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+6.1%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
Start year 2021 (pandemic)
Revenue growth 9 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+18.6%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.9%
Dividend (yield on the price)0.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−2.9% vs 12.6%, slowing
Profit margin 2020 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 14%
Compare India Pesticides Limited with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Agricultural Inputs · 170 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside+35.1% · Top 25%
Profitability
Return on equity (TTM)12.6% · Above median
Return on assets7.7% · Top 25%
Net margin (TTM)10.4% · Top 25%
Operating margin (TTM)11.8% · Above median
Growth and dividend
Revenue growth−8.5% · Bottom 25%
Dividend yield (TTM)0.6% · Bottom 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Agricultural Inputs median · lower = cheaper
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Is India Pesticides Limited (IPL) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹176.58 versus a price of ₹130.68, about +35% upside (undervalued).
What is the fair value of IPL?
Our model-based fair value for India Pesticides Limited is ₹176.58 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹130.68.
What is the quality score of IPL?
India Pesticides Limited has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for India Pesticides Limited (IPL)?
Our model-based price target is the fair value of ₹176.58 (as of Oct 2, 2026) from 17 valuation models. Cautious scenario ₹132.43, optimistic scenario ₹220.72. It is a calculation from audited fundamentals, not an analyst target.
What is the India Pesticides Limited stock forecast for 2026?
Our models put fair value at ₹176.58, about +35% upside versus a price of ₹130.68 (undervalued). Cautious scenario ₹132.43, optimistic scenario ₹220.72. The calculation is refreshed regularly with new filings.
What is the revenue of India Pesticides Limited (IPL)?
India Pesticides Limited reported trailing-twelve-month revenue of about ₹10.3B (latest available figure, as of Oct 2, 2026).
Does India Pesticides Limited pay a dividend?
India Pesticides Limited currently shows a dividend yield of about 0.57% relative to its recent price (as of Oct 2, 2026).
What is the intrinsic value of India Pesticides Limited (IPL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For India Pesticides Limited it is ₹176.58 per share (as of Oct 2, 2026), against a price of ₹130.68. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is India Pesticides Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, IPL trades below its calculated fair value: price ₹130.68, fair value ₹176.58, a gap of about +35% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IPL?
No. The price is what the market pays today (₹130.68); the fair value is what the company's own numbers justify (₹176.58). For India Pesticides Limited the two are ₹45.90 per share apart. That gap is exactly why we show both numbers side by side.
How much is India Pesticides Limited worth?
The market values India Pesticides Limited at about ₹15.1B (market capitalisation, as of Oct 2, 2026). Per share that is ₹130.68; our models calculate a fair value of ₹176.58 per share.
What do the bullish and bearish scenarios say about IPL?
Our models span a range for India Pesticides Limited: cautious scenario ₹132.43, base ₹176.58, optimistic ₹220.72 per share (as of Oct 2, 2026, price ₹130.68). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IPL?
India Pesticides Limited trades at a price-to-earnings ratio of 14.0 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹176.58 is built from several models across several years. Other multiples: P/B 1.5, P/S 1.5, EV/EBITDA 8.7.
How solid is the balance sheet of India Pesticides Limited (IPL)?
Balance-sheet figures for India Pesticides Limited (as of Oct 2, 2026): return on equity 12.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is IPL from its 52-week high?
India Pesticides Limited trades at ₹130.68, about 38% below its 52-week high of ₹211.10 and 5% above the low of ₹124.69 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹176.58 is for.
Which stocks are comparable to India Pesticides Limited?
From the same area (Basic Materials) we also value Corteva, Inc, Nutrien Ltd, Qinghai Salt Lake Industry Co, CF Industries Holdings, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is India Pesticides Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹130.68, calculated fair value ₹176.58 (+35%), Quality Score 59/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IPL calculated?
We run India Pesticides Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹176.58, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.9 % above its aggregate fair value. India Pesticides Limited currently trades 26 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of India Pesticides Limited (IPL)?
The closing price on Oct 1, 2026 was ₹130.68. Our model-based fair value is ₹176.58, about +35% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with India Pesticides Limited right now?
Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.
Key figures of India Pesticides Limited
How large is the market capitalisation of India Pesticides Limited (IPL)?
The market capitalisation of India Pesticides Limited is ₹15.1B (≈ $156M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of India Pesticides Limited (IPL)?
The price-to-sales ratio of India Pesticides Limited is 1.59 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of India Pesticides Limited (IPL)?
Earnings per share at India Pesticides Limited are ₹9.34 (price ÷ EPS = P/E 14.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of India Pesticides Limited (IPL)?
The dividend yield of India Pesticides Limited is 0.6% (payout 8.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of India Pesticides Limited (IPL)?
The net margin of India Pesticides Limited is 11.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of India Pesticides Limited (IPL)?
The return on equity (ROE) of India Pesticides Limited is 12.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of India Pesticides Limited (IPL)?
On an EBIT basis the return on assets of India Pesticides Limited is 14.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of India Pesticides Limited (IPL)?
The operating margin of India Pesticides Limited is 11.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at India Pesticides Limited (IPL)?
Revenue at India Pesticides Limited is growing −8.5% versus a year earlier (3y avg +6.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at India Pesticides Limited (IPL)?
Earnings per share at India Pesticides Limited are growing −34.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does India Pesticides Limited (IPL) generate?
The free cash flow of India Pesticides Limited is −₹289M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does India Pesticides Limited (IPL) hold?
India Pesticides Limited holds more cash than debt, ₹65.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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