Debt rising as profit falls
Total debt rose 113.3% while net profit fell 20.4% — worth checking how the balance sheet is being funded.
Importance 77 / 95 · financial health
The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.
Total debt rose 113.3% while net profit fell 20.4% — worth checking how the balance sheet is being funded.
Importance 77 / 95 · financial health
ROE of 12.4% is well above the pesticides and agrochemicals median (9.0%), and the P/E of 29.29× is above it too (24.14×).
Importance 60 / 95 · valuation
ROE of 12.4% is the lowest in 7 years (prior range 14.7% to 21.1%).
Importance 58 / 95 · profitability
Revenue growth has slowed for 3 consecutive years, from 22.5% to -15.8%.
Importance 57 / 95 · growth
Classified by the exchange under Commodities › Chemicals › Fertilizers & Agrochemicals › Pesticides & Agrochemicals.
Peer set used on this page: 2 pesticides & agrochemicals.
Revenue growth has slowed for 3 consecutive years, from 22.5% to -15.8%.
Rule GROWTH_DECELERATING
Revenue compounded at 13.1% a year over 7 years (₹2,841 → ₹6,714).
Over 7 years profit compounded at 18.2% a year while revenue compounded at 13.1% a year — though FY2021 saw a one-off step-change of 62% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Net profit fell 20.4% year on year (FY2025 → FY2026).
Revenue fell 15.8% year on year (FY2025 → FY2026).
Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.
Q1 FY27 net profit was ₹244 cr, down 38.9% from ₹400 cr a year earlier.
Rule QTR_PROFIT_GROWTH_YOY
Q1 FY27 EBIT was ₹328 cr, down 35.5% from ₹509 cr a year earlier.
Rule QTR_OPERATING_PERFORMANCE_CHANGE_YOY
Q1 FY27 EBITDA margin was 25.3%, down 6.49 percentage points from 31.8% a year earlier.
Rule QTR_MARGIN_CHANGED_YOY
| Quarter | Revenue | YoY | Net profit | YoY | Net margin |
|---|---|---|---|---|---|
| Q2 FY25 | 2,221 | — | 508 | — | 22.9% |
| Q3 FY25 | 1,901 | +0.2% | 373 | −16.9% | 19.6% |
| Q4 FY25 | 1,787 | +2.6% | 331 | −10.6% | 18.5% |
| Q1 FY26 | 1,901 | −8.1% | 400 | −10.9% | 21.0% |
| Q2 FY26 | 1,872 | −15.7% | 409 | −19.5% | 21.9% |
| Q3 FY26 | 1,376 | −27.6% | 311 | −16.5% | 22.6% |
| Q4 FY26 | 1,565 | −12.4% | 200 | −39.4% | 12.8% |
| Q1 FY27 | 1,702 | −10.4% | 244 | −38.9% | 14.3% |
Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters
ROE of 12.4% is the lowest in 7 years (prior range 14.7% to 21.1%).
Rule ROE_AT_MULTI_YEAR_LOW
ROE of 12.4% is well above the pesticides and agrochemicals median of 9.0%.
ROE declined from 17.6% to 12.4% year on year.
EBITDA margin fell from 31.6% to 29.9% of revenue.
EBITDA margin has ranged from 22.4% to 31.6% over 7 years and sits at 29.9% now.
Total debt rose 113.3% while net profit fell 20.4% — worth checking how the balance sheet is being funded.
Rule DEBT_UP_EARNINGS_DOWN
Operating cash flow was only 0.36× reported profit (FY2026).
Net worth compounded at 25.5% a year over 7 years (₹2,285 → ₹11,231) — though FY2021 saw a one-off step-change of 104% (a merger, restructuring or a recovery off a low base), so the compounding is uneven.
Free cash flow has been positive in 5 of the last 6 years.
Ranked against 2 pesticides & agrochemicals (FY2026, consolidated).
Not enough peers in this set report the underlying metrics yet for a ranking.
ROE of 12.4% is well above the pesticides and agrochemicals median (9.0%), and the P/E of 29.29× is above it too (24.14×).
Rule STRONG_RETURNS_AT_PREMIUM
On the trailing twelve months. Last full year: P/E 25.8× · P/S 4.9× · ROE 12.4%.
Over 5 years profit compounded at 12.3% a year while the stock fell 6.3% a year — the FY2021 base was somewhat depressed, so part of this is recovery rather than trend.
Rule STOCK_LAGGED_EARNINGS · rebound
Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.
Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.
The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.
| Metric | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,841 | 3,367 | 4,577 | 5,300 | 6,492 | 7,666 | 7,978 | 6,714 |
| Total income | 2,900 | 3,415 | 4,702 | 5,401 | 6,651 | 7,874 | 8,322 | 7,024 |
| EBITDA | 636 | 767 | 1,137 | 1,244 | 1,701 | 2,222 | 2,523 | 2,010 |
| Profit before tax | 538 | 613 | 934 | 1,029 | 1,438 | 1,884 | 2,138 | 1,690 |
| Net profit | 410 | 457 | 738 | 844 | 1,230 | 1,682 | 1,660 | 1,321 |
| EPS (₹) | 29.7 | 33.1 | 49.9 | 55.6 | 81.1 | 110.8 | 109.4 | 87.1 |
| Net worth | 2,285 | 2,619 | 5,342 | 6,120 | 7,199 | 8,731 | 10,157 | 11,231 |
| Total debt | 10 | 508 | 257 | 268 | 0 | 128 | 112 | 238 |
| Operating cash flow | — | — | 725 | 529 | 1,501 | 2,036 | 1,413 | 474 |
| Free cash flow | — | — | 286 | 193 | 1,179 | 1,417 | 575 | −632 |
| Ratio | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|
| Growth | ||||||||
| Revenue growth YoY | — | 18.5 | 36.0 | 15.8 | 22.5 | 18.1 | 4.1 | -15.8 |
| Profit growth YoY | — | 11.3 | 61.7 | 14.3 | 45.7 | 36.8 | -1.3 | -20.4 |
| Profitability | ||||||||
| EBITDA margin % | 22.4 | 22.8 | 24.8 | 23.5 | 26.2 | 29.0 | 31.6 | 29.9 |
| Net margin % | 14.1 | 13.4 | 15.7 | 15.6 | 18.5 | 21.4 | 19.9 | 18.8 |
| Return on equity % | 17.9 | 18.6 | 18.5 | 14.7 | 18.5 | 21.1 | 17.6 | 12.4 |
| Return on capital % | 23.7 | 23.2 | 22.1 | 17.4 | 21.7 | 23.8 | 22.7 | 14.8 |
| Leverage & cash | ||||||||
| Debt to equity | 0.00 | 0.19 | 0.05 | 0.04 | 0.00 | 0.01 | 0.01 | 0.02 |
| Cash flow ÷ profit | — | — | 0.98 | 0.63 | 1.22 | 1.21 | 0.85 | 0.36 |
| Current ratio | 2.08 | 1.84 | 3.57 | 3.68 | 4.79 | 3.90 | 4.02 | 4.22 |