India Pesticides Limited — Investor Meet, 03-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

India Pesticides reported FY25 revenue of INR 844 crore, up 21% YoY, with EBITDA rising 32% to INR 134 crore and margins steady at 16%. Q4 revenue jumped 62% YoY to INR 211 crore, aided by stable raw material costs and better operating leverage. Net profit grew 37% to INR 82 crore. Exports stood at INR 315 crore, domestic sales at INR 513 crore. Management sees strong volume growth in rice herbicide Pretilachlor (10%+ of revenues), with 20%+ annual growth expected. INR 116 crore capex is planned for FY26 to boost capacity and target INR 1,000 crore revenue and 18%-20% EBITDA margin. Backward integration and new products will aid margin and market diversification across regulated exports. Inventory buildup is due to higher credit and stocking but should normalize. Exports are recovering with improved US and Japan demand. The company remains debt-free, targeting 15%-20% CAGR revenue growth over 2-3 years.