Indofil Industries Ltd
Agrochemical formulator with a sizeable export book and a specialty chemicals arm.
Market cap
₹3,483 Cr
2.13 Cr shares
P/E ratio
13.82
Sector average 24
Book value
₹943.33
P/B 1.73
1-year return
+41.51%
52w ₹1,105 – ₹1,760
Currently 81% of the way through its 52-week range.
Indicative price history
1Y change
+41.51% ₹1,155 → ₹1,635
52-week band in this window: ₹1,155.37 – ₹1,695.08. Weekly indicative marks, not exchange-traded prices.
Key highlights
- Registrations in over 60 regulated export markets are a durable barrier to entry.
- Balanced between domestic agrochemicals and exports.
- Specialty chemicals provide a non-agri earnings stream.
About Indofil
Indofil Industries manufactures crop protection chemicals — fungicides, insecticides and herbicides — along with specialty performance chemicals.
A large share of revenue comes from exports, with registrations held across many regulated markets.
The specialty chemicals division supplies additives used in coatings, leather and polymer applications.
Where the revenue comes from
- Domestic agrochemicals38%
Fungicides and insecticides sold to Indian farmers
- Exports44%
Registered formulations in regulated markets
- Specialty chemicals14%
Additives for coatings and polymers
- Other4%
Contract manufacturing and trading
Products & services
Fungicides
Mancozeb-based and combination products.
Insecticides & herbicides
Crop protection portfolio for Indian farmers.
Specialty chemicals
Additives for coatings, leather and polymers.
Contract manufacturing
Formulation for global agrochemical companies.
What works
- • Long-standing product registrations in regulated export markets are a meaningful barrier to entry.
- • Balanced mix between domestic agrochemicals and exports smooths monsoon-linked volatility.
- • Specialty chemicals provide a non-agri earnings stream.
What to watch
- • Global agrochemical inventory cycles can cause sharp swings in export demand.
- • Generic price competition from low-cost producers pressures realisation.
- • Regulatory reviews of specific active ingredients can remove products from key markets.
Compare with peers
| Company | Price | Market cap | P/E | P/B | Rev CAGR |
|---|---|---|---|---|---|
| IndofilThis page | ₹1,635.00 | ₹3,483 Cr | 13.82 | 1.73 | +9.78% |
| Manjushree | ₹944.00 | ₹2,322 Cr | 13.42 | 2.07 | +12.53% |
| Merino | ₹3,130.00 | ₹3,506 Cr | 13.28 | 1.98 | +10.81% |
Latest reported year: FY26 ending 31 Mar 2026.