Udaipur (Rajasthan) and Cuddalore (Tamil Nadu) manufacturer of Single Super Phosphate fertilizers under the 'Ankur SSP' brand, plus LABSA surfactant and sulphuric acid for the detergent/FMCG industry.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 539 | +30.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 4.3 | +2.2 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 14.0 | +180.0% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | +6.8 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | -0.77 | +1.1 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | +0.5 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Guidance
4 targets tracked, none judged yet · 4 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Labsa Plant Commissioning | Operational by Q4 FY26 | Q2 FY26 | Construction is almost complete, expecting commissioning by the beginning of next quarter (Q4 FY26). | New |
4 of Indian Phosphate Ltd's 4 targets are still open. See which are on track and which have gone quiet. The 1 above are the free sample; 3 more targets are in the full ledger.
Claimed
Qualified
Price
1Y: ₹52.25 on 24 Oct 2025 → ₹71.05. High ₹81 (15 Oct 2026), low ₹49.05 (11 Nov 2025).
Overview
Based on the company's own presentations, annual report and earnings calls.
Indian Phosphate Limited manufactures phosphatic fertilizers — SSP powder and granules, including zincated, boronated and nitro variants — marketed to farmers under the 'Ankur SSP' brand through a dealer network spanning 14+ states of India. Its chemicals business produces LABSA 90% (Linear Alkyl Benzene Sulphonic Acid), an anionic surfactant supplied to detergent and FMCG manufacturers, backed by backward-integrated captive sulphuric acid production. The company runs integrated manufacturing at its original Udaipur, Rajasthan base and a newer greenfield facility at Cuddalore, Tamil Nadu, built with proceeds from its FY25 IPO.
Segments
close before → close after
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Guidance
4 targets tracked, none judged yet · 4 open · verdicts reflect calls analysed to Q2 FY26.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Labsa Plant Commissioning | Operational by Q4 FY26 | Q2 FY26 | Construction is almost complete, expecting commissioning by the beginning of next quarter (Q4 FY26). | New |
Claimed
Qualified
The full ledger
A free account opens 5 company ledgers a month. All 4 tracked commitments, with each call’s wording and source.
Call summaries
IPHL H1 FY26
IPHL reported strong H1 FY26 results with revenue up 17.14% to ₹451 crores, EBITDA up 40%, and PAT up nearly 50%. The Tamil Nadu sulfuric acid plant is operating at 75% capacity, and the Labsa plant is nearing commissioning by Q4 FY26. However, the Dhule plant's timeline remains uncertain due to past policy issues and project prioritization, and a ₹105 crore corporate guarantee for a related party project is expected to be released in FY27.
Read the full callEvery analysed call
Fundamentals
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2024 to Mar 2026).
Financials
Net profit, year on year: +180% (quarter to mar 2026 against mar 2025).
| Line item | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Sales | 428 | 384 | 413 | 452 | 539 |
| Expenses | 421 | 376 | 404 | 438 | 516 |
| Operating profit | 7 | 8 | 9 | 14 | 23 |
| Operating margin | 1.6% | 2.2% | 2.1% | 3.0% | 4.3% |
| Other income | 0 | 0 | 1 | 0 | 0 |
| Interest | 4 | 2 | 2 | 2 | 3 |
| Depreciation | 2 | 1 | 1 | 1 | 2 |
| Profit before tax | 2 | 6 | 7 | 11 | 19 |
| Tax rate | 60.0% | 32.0% | 28.0% | 28.0% | 28.0% |
| Net profit | 1 | 4 | 5 | 8 | 14 |
| EPS (₹ per share) | 1.78 | 1.64 | 2.03 | 3.06 | 5.49 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 18 | 25 | 25 | 25 |
| Reserves | 48 | 65 | 63 | 124 | 150 | 145 |
| Borrowings | 18 | 15 | 40 | 18 | 73 | 28 |
| Other liabilities | 39 | 91 | 42 | 43 | 98 | 38 |
| Total liabilities | 108 | 174 | 163 | 210 | 346 | 236 |
| Fixed assets | 8 | 19 | 24 | 23 | 75 | 60 |
| Capital work in progress | 3 | 0 | 4 | 29 | 11 | 9 |
| Investments | 0 | 0 | 8 | 8 | 5 | 9 |
| Other assets | 96 | 155 | 127 | 150 | 255 | 160 |
| Total assets | 108 | 174 | 163 | 210 | 346 | 236 |
| Line item | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| Cash from operations | -2 | 1 | 7 |
| Cash from investing | -18 | -35 | -10 |
| Cash from financing | 20 | 33 | 4 |
| Net cash flow | 0 | 0 | 1 |
| Free cash flow | -12 | -24 | -12 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 26 | 34 | 41 | 29 | 37 | 39 |
| Inventory days | 12 | 13 | 26 | 29 | 16 | 11 |
| Days payable | 10 | 9 | 37 | 17 | 15 | 9 |
| Cash conversion cycle | 29 | 37 | 30 | 42 | 39 | 40 |
| Working capital days | 25 | 24 | 21 | 20 | 33 | 31 |
| Return on capital employed | 22.0% | 45.0% | 35.0% | 23.0% | 12.0% | 19.0% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Ownership
Promoters hold 72.99% as of Mar 2026; institutions cut 0.87 pts since Sept 2025.
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
The same filing shows 0 holders trimming and 1 off the list — both are in the register beside this.
Named in the Mar 2026 filing
Every holder of Indian Phosphate Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 57.43% | unchanged | |
| 7.52% | unchanged | |
| 4.02% | unchanged | |
| 4.02% | unchanged | |
| AIF | 2.31% | newly disclosed |
| Global fund house | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
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