India Pesticides Limited

Incorporated in 1984, Uttar Pradesh-based India Pesticides is one of the fastest-growing agrochemical manufacturers in the country. The company makes agrochemical technicals and formulations. It has also diversified into the production of active pharmaceutical ingredients (APIs) for dermatology products. It derives around 78% of its revenue from technicals and the remaining 22% from formulations. The company exports its technicals to more than 25 countries, which contribute 57% of the total revenue. India Pesticides has a strong track record of revenue generation and profitability during FY19–21. In this period, the revenue and net profit have grown at a CAGR of 38% and 75%, respectively.