Pesticides & Agrochemicals industry
35 companies · ₹1.7 L cr · 14 with AI deep dives · Q1FY27 report
Mix premiumisation lifts margins but monsoon deficit and China pricing narrow the recovery's breadth.
- Revenue YoY
- +2.7%
- EBITDA margin
- 15.9%
- -50bps YoY
- Price, 1 year
- -28.0%
- 0% of names up
- P/E vs own 5y
- -21.3%
- 23.4x now
Exhibit 1The quarter in numbers
constant panel of 19 companies above ₹500 cr- Jun 26
- 21,351 cr
- Mar 26
- 27,821 cr
- QoQ
- -23.3%
- Jun 25
- 20,788 cr
- YoY
- +2.7%
- Peak
- 27,821 cr
- vs peak
- -23.3%
- Jun 26
- 15.9%
- Mar 26
- 18.0%
- QoQ
- -210bps
- Jun 25
- 16.4%
- YoY
- -50bps
- Peak
- 18.0%
- vs peak
- -210bps
Breadth: 50% of 20 companies grew revenue year on year (was 74% a quarter earlier) and 60% expanded margin (was 63%).
Exhibit 2What it costs
15.03x - 32.71x across the panel todayThe median name trades at 23.4x, -21.3% against this industry's own 5-year median of 29.7x, and -58.6% against its own peak of 56.5x.
Exhibit 3Structure
₹1.7 L crUPL Ltd is 28.8% of this industry by market cap. The top 5 are 80% and the top 10 are 91.2%.
Exhibit 4Screen
P/E below the sub-industry median of 23.37x, 5y ROCE above its median of 14.84%, and at least 2 growth triggers stated on the latest earnings call.
Which names clear this screen is premium
The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.
See plans →Exhibit 5Coverage (25 of 35)
Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.
- Mcap
- ₹23,747 cr
- P/E
- 41.4x
- EV/EBITDA
- 29.6x
- ROCE
- 22.4%
- Margin
- 23.7%
- Rev YoY
- +0.6%
- Mcap
- ₹3,334 cr
- P/E
- 121.8x
- EV/EBITDA
- 59.9x
- ROCE
- 4.4%
- Margin
- 13.5%
- Rev YoY
- +57.5%
- Mcap
- ₹1,305 cr
- P/E
- 20.6x
- EV/EBITDA
- 11.3x
- ROCE
- 21.2%
- Margin
- 12.4%
- Rev YoY
- +8.7%
Exhibit 6What managements said
from this industry's latest earnings calls · as of 2026-06-30Six managements linked Q1 FY27 volume weakness to delayed or deficient monsoon. Dhanuka's revenue fell 12.56% YoY with herbicide share contracting from 50% to 42% as sowing…
- DHANUKA (Q1FY27): “Revenue from operations for Q1 FY 2026-2027 stood at Rs. 461.93 crores as compared to Rs…”
Exhibit 7Outlook
The outlook and what resolves next quarter
Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.
Create a free account →AppendixThe other 10 companies
1-10- Mcap
- ₹74 cr
- P/E
- 8.6x
- EV/EBITDA
- 6.6x
- ROCE
- 27.4%
- Margin
- 4.5%
- Rev YoY
- +3.3%