This newly listed agrochemicals stock, engaged in manufacturing crop protection products, plant nutrients, and biologicals, serving both domestic and international markets with innovative agricultural solutions, hit a 5 percent lower circuit after Banks and NBFCs sold stakes worth Rs. 13 crore in the company.
With a market capitalization of Rs. 665.75 crores, the shares of Indogulf Cropsciences Limited hit a 5 percent lower circuit of Rs. 105.30 per share on Friday, down from its previous closing price of Rs. 110.80 per share.
On July 3, 2025, Indogulf Cropsciences Limited experienced a significant bulk deal, with a total of 11.37 lakh shares sold by three institutional investors. The total value of the sell-side deal amounted to Rs. 12.62 crore.
The South Indian Bank Limited sold 3.77 lakh shares at an average price of Rs. 111.17, totaling Rs. 4.20 crore. Rajasthan Global Securities Pvt Limited also sold 3.80 lakh shares at an average price of Rs. 111, totaling Rs. 4.21 crore. Additionally, AU Small Finance Bank Limited sold 3.80 lakh shares at an average price of Rs. 111, totaling Rs. 4.21 crore
On the buy side, Satish Singhal purchased 3.60 lakh shares at Rs. 111, with a total investment of Rs. 4 crore. This indicates strong confidence and buying interest from a non-institutional investor, even as institutional holders reduced their stake in the company.
Indogulf Cropsciences Limited was established in 1993 and makes products that help protect crops, improve plant growth, and use natural (biological) farming methods. It is one of the first companies in India to make some important chemicals like Spiromesifen and Pyrazosulfuron Ethyl at very high purity levels.
The company has four manufacturing units located in Jammu & Kashmir and Haryana, spread across around 20 acres. These factories can make many different types of products and adjust based on what customers need.
Indogulf has a strong presence across India, working in 22 states and 3 Union Territories. It has built a large network of 169 business partners and 5,772 distributors. It also exports products to 34 countries with the help of 129 global partners.
Indogulf Cropsciences Limited launched its IPO from June 26 to June 30, 2025, aiming to raise approximately Rs. 201 crores through a combination of fresh issue and offer for sale. The price band was set at Rs. 111 per share, with a minimum lot size of 135 shares requiring a retail investment of Rs. 14,985.
The IPO was listed on BSE and NSE on July 3, 2025. Proceeds will support working capital requirements, business expansion, repayment of outstanding borrowings, and general corporate purposes.
Coming into financial highlights, Indogulf Cropsciences Limited’s revenue has increased from Rs. 552.19 crore in FY23 to Rs. 555.79 crore in FY24, which has grown by 0.65 percent. The net profit has also grown by 25.91 percent from Rs. 22.42 crore in FY23 to Rs. 28.23 crore in FY24. In the 9M FY25, Indogulf Cropsciences Limited earned revenue of Rs. 466.31 crore and a net profit of Rs. 21.68 crore.
In terms of return ratios, the company’s ROCE and ROE stand at 13.5 percent and 14.4 percent, respectively. Indogulf Cropsciences Limited has an earnings per share (EPS) of Rs. 12.2, and its debt-to-equity ratio is 0.67x.
Written By – Nikhil Naik
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
The post Agrochemicals stock hits 5% lower circuit after Banks and NBFCs sold stake in the company appeared first on Trade Brains.