Indogulf Cropsciences Limited, originally incorporated as 'Jai Shree Rasayan Udyog Limited' in January 1993, is a prominent agrochemical company engaged in the manufacturing and marketing of crop protection products, plant nutrients, and biologicals. The company officially changed its name to 'Indogulf Cropsciences Limited' in April 2015. With operations across India and exports to over 34 countries, Indogulf serves both retail (B2C) and institutional (B2B) customers, also offering contract manufacturing services. Its core mission is to improve crop yield while promoting sustainable agriculture and environmental stewardship.
The company was founded in 1993 and primarily operates through three main business verticals: crop protection, plant nutrients, and biologicals. It has grown its product portfolio significantly, from 198 products in FY22 to 262 as of December 31, 2024. This extensive range includes various formulations like water dispersible granules (WDG), suspension concentrate (SC), and capsule suspension (CS), available in powder, granules, and liquid forms.
Indogulf Cropsciences Limited demonstrated consistent financial performance in recent years. For the year ended 2024, the company reported a revenue of ₹555.79 crores and a profit of ₹28.23 crores, showing growth from ₹552.19 crores revenue and ₹22.42 crores profit in 2023.
The company recently went public with its IPO on June 26, 2025, listing on BSE and NSE on July 3, 2025. The IPO price band was ₹105 to ₹111 per share, successfully raising ₹200 crores. As of July 2025, Indogulf Cropsciences has a market capitalization of ₹685 crores. Promoter holding stood at 69.05 percent as of July 2025, reflecting significant confidence in the company's future.
• Revenue (2024): ₹555.79 crores
• Profit (2024): ₹28.23 crores
• Market Capitalization: ₹685 crores (as of July 2025)
• Promoter Holding: 69.05% (as of July 2025)
• PE ratio: 24.46 (as of July 4, 2025)
• Price-to-book ratio: 64.02 (as of July 4, 2025)
• Return on equity: 14.0% (over the last 3 years)
The company’s operations are segmented into three crucial business verticals:
- Crop Protection: This segment includes a variety of insecticides, fungicides, herbicides, plant growth regulators, and efficacy enhancers. Products are available as formulations and technicals in various forms like WDG, SC, CS, ULV, EW, SG, and FS.
- Plant Nutrients: Products designed to enhance plant health and productivity.
- Biologicals: Focuses on biologically derived solutions for agriculture.
Indogulf Cropsciences boasts an expansive product portfolio, which expanded from 198 products in FY22 to 262 as of December 31, 2024. The company has a strong intellectual property base with 225 trademarks, eight copyrights, six design registrations, and 150 valid product registrations across 17 countries. Furthermore, it has 138 products in the pipeline for future registrations, indicating continuous innovation and market expansion.
Indogulf Cropsciences operates four manufacturing plants strategically located across India:
- Samba, Jammu and Kashmir
- Nathupur - I, Haryana
- Nathupur - II, Haryana
- Barwasni, Haryana
The company had established its first pesticides unit in Nathupur, Haryana, in 1996. Its manufacturing capabilities are complemented by strategic acquisitions, including Indogulf Cropsciences Australia Pty Ltd and Abhiprakash Globus Private Limited in 2019, which expanded its international and domestic reach.
A dedicated Research and Development (R&D) laboratory at its Nathupur facility in Haryana drives product innovation and process improvement. The R&D team comprises eight professionals, including scientists, agronomists, chemists, and biologists, supported by advanced instruments like Karl Fischer titrator and UV spectrophotometer. This R&D focus ensures regulatory compliance and continuous product development.
Indogulf Cropsciences has a robust domestic distribution network, consisting of 192 institutional partners and 6,916 distributors. This extensive network is supported by 17 stock depots and six branch offices. Internationally, the company has a significant presence in other Asian countries, Africa, Latin America, and the Middle East through its business associates, leveraging its 150 valid product registrations across 17 countries.
The company upholds high-quality standards, evidenced by its ISO 9001:2015 certification for quality management, ISO 14001:2015 for environmental management, and NABL accreditation under ISO/IEC 17025:2017 standards for its testing and calibration laboratories.
The company benefits from the leadership of skilled and experienced promoters, Om Prakash Aggarwal and Sanjay Aggarwal, who bring extensive experience in the agrochemical industry, encompassing manufacturing, finance, and marketing. Their strategic direction is crucial for the company's sustained growth and expansion plans in the agricultural inputs market.
Indogulf Cropsciences represents a significant player in India's agrochemical sector, with its diversified product portfolio, strong manufacturing capabilities, and expanding international presence positioning it well for future growth in the agricultural inputs market.
