According to the Directorate General of Foreign Trades (DGFT) notification, import of urea (agricultural grade) on government account is allowed through Indian Potash Ltd …till March 31, 2025.
| Quantity | Rate/Share |
|---|---|
| 100 - 1000 | 3265.00 |
| P/E | 4.81 | P/S | 0.28 | P/B | 1.12 |
|---|---|---|---|---|---|
| Industry PE | 11.19 | Face Value | 10 | Book Value | 2881.04 |
| Market Cap | 9214.02 Cr | Dividend | 7 | Dividend Yield | 0.22 % |
Corporate Action of Indian Potash Unlisted Share
| Financial Year | Particulars | Record Date | Ratio/Rates/Amount | Remarks |
|---|---|---|---|---|
| 2022-23 | DIVIDEND | 07-Jul-2023 | 7 | Indian Potash Ltd has given final dividend of Rs 7/shares. |
| 2021-22 | DIVIDEND | 19-Aug-2022 | 6 | Indian Potash Ltd has given final dividend of Rs 6/shares. |
About of Indian Potash Ltd
The evolution of IPL started sometime before the seeds of ‘Green Revolution’ got sown in the bed of Indian Agriculture. Indian Potash Limited was incorporated under Indian Companies Act with the objective of import-handling, promotion and marketing of Potash in the entire country.
Overview of Indian Potash Ltd
Indian Potash Limited (IPL), founded in 1955 as the Indian Potash Supply Agency, remains a prominent player in India’s fertilizer industry under the leadership of Chairman Shri Pankaj Kumar Bansal. The business underwent a name change to Indian Potash Limited (IPL) in 1970. Ever since, it has emerged as a significant force in the fertilizer market, bringing in fertilizers such as sulfate of potash, monoammonium phosphate, Indian Potash Ltd. super phosphate, and muriate of potash. The cooperative sector holds more than 70% of Indian Potash Limited Share., with Indian Farmers Fertiliser Cooperative being the largest shareholder. The company is also involved in the production and marketing of cattle feed, dairy products, sugar, and trading of precious metals.
|
COMPANY NAME |
INDIAN POTASH LIMITED |
|
NATURE OF BUSINESS |
POTASH DISTRIBUTION ALL OVER INDIA |
|
ISIN NO. |
INE363S01015 |
|
FACE VALUE |
RS.10/- |
|
YEAR OF ESTABLISHMENT |
1955 |
|
COMPANY WEBSITE |
WWW.INDIANPOTASH.ORG |
|
REGISTERED ADDRESS |
FLOOR 1,SEETHAKATI BUSINESS CENTRE, 684-690,ANNA SALAI,CHENNAI-600 006 |
Their Product line includes:
| Fertilizer |
| Feeds |
| Dairy |
| Sugar |
| Precious Metal |
Plants
Indian Potash Ltd has expanded its operations to include the production and distribution of cattle feed from plants in Uttar Pradesh and Andhra Pradesh. Additionally, it has ventured into the dairy industry with plants in Haryana and Uttar Pradesh. Furthermore, Indian Potash Ltd has acquired sugar units in Uttar Pradesh and is working on joint ventures for a Green Field Port Facility in Gujarat and an Integrated Sugar Complex with Co-generation and Distillery in Bihar.
Subsidiary and Associate Companies
|
Name |
Place |
Incorporation Year |
Paid up capital |
% of shares held |
Subsidiary/Associate |
|
Indian Potash Ltd. SUGARS AND BIOFUELS LIMITED |
Delhi, India |
2011 |
1.00 cr |
100% |
Subsidiary |
|
JORDAN PHOSPHATE MINES COMPANY |
Amman, Jordan |
1949 |
1.50 cr |
27.38% |
Associate |
Insights of Indian Potash Ltd
Key Strengths of Indian Potash Ltd
- Dominant position in the fertilizer industry, particularly Muriate of Potash (MOP) sales, with 65% market share in FY22.
- Enduring supplier relationships providing access to favorable prices and loan conditions.
- Robust distribution network covering over six lakh villages, facilitating quick inventory turnover.
- Improved financial performance in FY22 and 9MFY23, driven by increased revenue and government subsidy rates.
- Diversification into non-core assets like sugar, dairy, and cattle feed to expand business opportunities.
Key Weaknesses of Indian Potash Ltd
- Vulnerability to foreign exchange and commodity price fluctuations impacting profitability, despite adept risk management strategies.
- Challenges in executing capital-intensive processes due to significant working capital requirements, although recent improvements in subsidy disbursement have eased working capital intensity.
- Exposure to agroclimatic hazards and heavy regulation in the fertilizer industry, where government pricing and subsidy policies significantly affect profitability and liquidity, despite potential benefits from Direct Benefit Transfer (DBT) implementation.
Financials
₹(in crores)
|
Particulars |
FY 2022-2023 |
FY 2021-2022 |
2020-2021 |
Growth Percentage |
|
Total Income |
34010.75 |
18715.48 |
16581.09 |
106% |
|
Profit Before Tax |
1022.97 |
821.85 |
759.94 |
35% |
|
Profit After Tax |
751.50 |
615.06 |
570.07 |
32% |
|
Earning Per Share |
262.79 |
215.08 |
199.35 |
32% |
|
Overall Gearing(times) |
- |
2.17 |
1.01 |
- |
|
Interest Coverage (times) |
- |
6.97 |
5.69 |
- |
Indian Potash Limited Unlisted Share Price Journey
The unlisted share price reached a 52-week low on February 6, 2024, at Rs. 1385 and a 52-week high is the current market price which stands at Rs. 3555 as of February 27, 2024.
Indian Potash Ltd.: IPO Plans
Indian Potash Limited (IPL) has not yet made any official announcements or public declarations regarding the start of an Initial Public Offering (IPO). In spite of Indian Potash Ltd.’s prominence in the Indian fertiliser distribution industry, no evidence is currently accessible indicating that the firm is actively contemplating or intends to carry out an IPO in the near future. A number of variables, including the company’s financial situation, market conditions, and internal strategy concerns, may have contributed to the decision to forego an IPO.
Balance Sheet of Indian Potash Ltd
Standalone(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|---|
| Equity | 5415.68 | 4667.60 | 4068.61 |
| Liabilities | 10010.33 | 15091.16 | 5877.89 |
| Total Equity and Liabilities | 15426.01 | 19758.76 | 9946.50 |
| Net Fixed Assets | 1333.85 | 987.27 | 963.35 |
| Capital Work-in-progress | 23.73 | 157.30 | 92.89 |
| Other Non current Assets | 1283.38 | 1422.48 | 1496.48 |
| Current Assets | 12785.06 | 17191.71 | 7393.78 |
| Total Assets | 15426.01 | 19758.76 | 9946.50 |
Consolidated(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|---|
| Equity | 8239.80 | 6126.25 | 4506.77 |
| Liabilities | 10824.94 | 15251.96 | 5879.15 |
| Total Equity and Liabilities | 19064.74 | 21378.21 | 10385.92 |
| Net Fixed Assets | 5766.82 | 991.36 | 966.15 |
| Capital Work-in-progress | 24.46 | 157.30 | 92.91 |
| Other Non current Assets | 488.35 | 3037.83 | 1933.06 |
| Current Assets | 12785.10 | 17191.72 | 7393.80 |
| Total Assets | 19064.74 | 21378.21 | 10385.92 |
Profit and Loss of Indian Potash Ltd
Standalone(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|---|
| Net Revenue | 33323.04 | 18503.53 | 16303.87 |
| Total Operating Cost | 32244.31 | 17729.09 | 15618.84 |
| Operating Profit (EBITDA) | 1078.73 | 774.44 | 685.03 |
| Other Income | 687.72 | 211.94 | 277.21 |
| Depreciation and Amortization Expense | 47.69 | 46.38 | 51.15 |
| Profit Before Interest and Taxes | 1718.75 | 940.00 | 911.09 |
| Finance Costs | 695.78 | 118.14 | 151.12 |
| Profit Before Tax and Exceptional Items Before Tax | 1022.97 | 821.86 | 759.97 |
| Profit Before Tax | 1022.97 | 821.86 | 759.97 |
| Income Tax | 271.46 | 206.79 | 189.87 |
| Profit for the Period from Continuing Operations | 751.51 | 615.07 | 570.10 |
| Profit for the Period | 751.51 | 615.07 | 570.10 |
Consolidated(in ₹ Cr.)
| Category | 31-Mar-2023 | 31-Mar-2022 | 31-Mar-2021 |
|---|---|---|---|
| Net Revenue | 33323.04 | 18503.53 | 16303.87 |
| Total Operating Cost | 32241.45 | 17726.03 | 15617.16 |
| Operating Profit (EBITDA) | 1081.59 | 777.50 | 686.71 |
| Other Income | 189.59 | 162.32 | 250.52 |
| Depreciation and Amortization Expense | 47.69 | 46.41 | 51.16 |
| Profit Before Interest and Taxes | 1223.49 | 893.41 | 886.07 |
| Finance Costs | 695.78 | 118.15 | 151.13 |
| Profit Before Tax and Exceptional Items Before Tax | 527.71 | 775.26 | 734.94 |
| Exceptional Items Before Tax | 2179.97 | 1256.86 | 371.24 |
| Profit Before Tax | 2707.68 | 2032.12 | 1106.18 |
| Income Tax | 833.26 | 414.48 | 253.57 |
| Profit for the Period from Continuing Operations | 1874.42 | 1617.64 | 852.61 |
| Profit for the Period | 1874.42 | 1617.64 | 852.61 |
Management of Indian Potash Ltd
SUNDEEP KUMAR NAYAK - Chairman
Arvind Kumar Kadyan - Director
Vandana Chanana - Director
FAQs of Indian Potash Ltd
Press of Indian Potash Ltd
18th Jun 2024
Indian Potash Ltd 68th AGM For Adoption of financial statement and declaration of dividend Rs 7/sh
The Notice has given for the following adoption of financial statement, Declaration of dividend , Re- appointment of shri Prem Chandra Munshi, Mukesh Puri, and Sudhakar Telang who retires from rotation. To ratify the cost Auditors for teh financial year2023-2024 and fix there remuneration.
18th Jun 2024
Govt allows import of urea through India Potash till March 2024
The centre has allowed the import of urea through India Potash Limited for another year until March 2024, the Directorate General of Foreign Trade said in a notification.
Annual Report of Indian Potash Ltd
Indian Potash Annual Report 2022-23Indian Potash Annual Report 2021-22
Indian Potash Annual Report 2020-21
Indian Potash Annual Report 2019-20
Company Information of Indian Potash Ltd
ISIN: INE863S01015
Address: 1st FLOOR, SEETHAKATHI BUSINESS CENTRE,684 - 690, ANNA SALAI, CHENNAI - 600 006.
Email: iplho@potindia.com
Phone Number: 044 -28297855
Date of Incorporation: 17-Jun-1955
Date of Last AGM: 05-May-2022
Data as Date: 31-Mar-2022
Source of Data: probe42, mca