Fertilisers • Fertiliser import and distribution
Indian Potash Limited (IPL) is a Chennai-headquartered company that mainly imports and sells fertilisers to Indian farmers. Its main products are DAP and MOP (potash), along with complex fertilisers, TSP and speciality products. The Government of India has also asked it to run global tenders for major fertilisers to bring uniform import prices. The business grew sharply in FY26. The annual report says first point sales of all fertilisers (excluding canalised urea) were 8 million tonnes against 5.8 million tonnes a year earlier. Standalone revenue from operations was ₹32,534.83 crore against ₹20,688.91 crore in FY25. Profit for the year was ₹1,534.91 crore against ₹1,331.15 crore. These are standalone figures, as printed in the annual report. IPL has also diversified. It runs sugar mills and distilleries in Uttar Pradesh, has taken three co-operative sugar mills in Gujarat on operating lease, and has a dairy and cattle feed division. It has signed an MoU with the Odisha government to set up a new co-operative sugar mill on operating lease. It also has an associate company in Jordan. The company is unlisted. Its board has a chairman and nominee directors from fertiliser companies, state agencies and co-operatives, and its paid-up capital is 2,85,97,200 equity shares of ₹10 each. The annual report recommends a dividend of ₹20 per share for FY26. IPO Guru's indicative price for the share is ₹2,875, with a lot size of 25 shares and an implied market cap of about ₹8,221.7 crore. The company has no IPO journey on our records yet. Unlisted shares of a company like this trade off-market between buyers and sellers, so prices are indicative and not exchange-quoted.
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Data refreshed 08 Nov 2026, 08:30 pm IST.