Indian Potash Ltd - Unlisted Shares

Fundamentals

Current Price
₹3,230
Market Cap
₹9,236.90 Cr
ISIN
INE863S01015
Face Value
₹10
P/E Ratio
5.56
EPS
₹580.95
P/B Ratio
0
Book Value
3,958.95
Debt / Equity Ratio
0.46

Key Financials

Profit & Loss

MetricFY2025FY24FY23FY22FY21FY20FY19
Revenue from Operations20,688.9120,946.433,323.018,503.516,303.914483.415430.1
Growth %-1%-37%80%13%13%-6%0
Operating Expenses19606.5320,546.032,241.4517,726.0415,617.1713,847.1414,895.31
Growth %-5%-36%82%14%13%-7%0
Operating Profit1,082.4400.51,081.6777.5686.7636.2534.8
Op. Profit Margin %5.2%1.9%3.2%4.2%4.2%4.4%3.5%
Other Income + share of net profits from investments 2172.042,257.22,369.61,419.2621.8231.8436.8
Finance Costs499.42383.76695.8118.1151.1253.8283.8
Depreciation68.3760.747.746.451.252.342.5
Profit Before Tax2,686.62,213.22,707.72,032.11,106.2561.84645.3
Tax1,025.28955.3833.3414.5253.6184.8191.0
Tax %38%43%31%20%23%33%30%
Profit After Tax1,661.41,257.81,874.41,617.7852.6377.1454.3
Growth %32.1%-32.9%15.9%89.7%126.1%-17.0%0
PAT %8%6%6%9%5%3%3%
Diluted EPS580.95439.84655.46565.67298.1131.9158.9

Company Financials

MetricFY25FY24FY23FY22FY21FY20FY19
Equity Capital28.628.628.628.628.628.628.6
Reserves11,292.899,487.68,211.26,097.74,478.23,631.83,217.5
Total Equity11,321.59,516.28,239.86,126.34,506.83,660.43,246.1
Borrowings71.8124.9124.647.869.197.5292.5
Other Non-Current Liabilities1,323.61,084.2897.6226.351.866.950.2
Total NC Liabilities1,395.371209.11,022.2274.1120.9164.4342.7
Borrowings5,191.994449.63,839.25,496.62,707.73,575.42,851.5
Other Current Liabilities4,201.02,446.35,963.69,481.23,050.54,181.64,034.5
Total Current Liabilities9,392.996896.09,802.814,977.95,758.37,757.06,886.0
Equity + Liabilities22,109.917,621.419,064.821,378.210,385.911,581.810,474.8
Fixed Assets (incl. WIP)2149.091538.85,791.31,148.71,059.1955.6842.1
Other Non Current Assets8,723.545838.4488.43,037.81,933.11,470.61,492.1
Total NC Assets10,872.637,377.26,279.74,186.52,992.12,426.22,334.2
Trade Receivables4,507.113669.75,454.41,900.23,066.65,408.44,301.9
Cash & Cash Equivalents421.06613.61,400.75,110.21,224.9542.4753.5
Other Current Assets6,309.15,960.85,930.010,181.43,102.33,204.83,085.1
Total Current Assets11,237.2210,244.112,785.117,191.77,393.89,155.68,140.5
Total Assets22,109.917,621.419,064.821,378.210,385.911,581.810,474.8

Shareholding Pattern

Indian Farmers Fertilisers Cooperative Ltd
33.99%
Gujarat State Co-operative Marketing Federation Limited
10.45%
Gujarat State Fertilisers and Chemicals Limited
7.87%
Andhra Pradesh State Cooperative Marketing Federation Limited
6.23%
Madras Fertilisers Limited
5.54%
Others
35.92%

Strengths & Weaknesses

Strengths

  • Dominance in Fertiliser Trading Market: India's Muriate of Potash (MOP) trade is dominated by the company, controlling a whopping 69% of all MOP imports in the FY22. Additionally, due to higher domestic demand for urea compared to its production, IPL acts as an import agent on behalf of the Ministry of Fertilizer.
  • Resilient Profitability Amid Revenue Dip: While revenue dropped by 37.8% in FY24 and remained flat in FY25 at ₹20,688 Cr, IPL maintained a healthy Operating Profit of ₹1,082 Cr and improved operating margins to 5.2% in FY25 — the highest in 7 years, showing strong cost control and pricing power.
  • Future Business Diversification: IPL’s diversification continues with expansion into sugar, cattle feed, and dairy. The ₹1,341 Cr acquisition of a sugar/distillery plant in Odisha is already reflecting in the increased fixed assets from ₹1,149 Cr (FY22) to ₹2,149 Cr in FY25.

Weaknesses

  • Price and Forex Risk: IPL has a significant amount of outstanding debts and letters of credit denominated in US dollars and euros. If the Indian rupee weakens considerably, this could lead to substantial losses due to forex conversion.
  • Increase in Borrowings: The long-term borrowings have increased from 4,449.69 Cr in FY24 to 5,191.99 Cr in FY25

About Indian Potash Ltd

Incorporated in 1955 as the Indian Potash Supply Agency (IPSA) for importing and promoting potash fertilisers across India, the company was rebranded as IPL in 1971.

Board of Directors

  • Shri. Pankaj Kumar Bansal, IAS - Chairman
  • Shri. Kamal Dayani, IAS - Director
  • Shri. Manoj Kumar Jain - Director
  • Thiru. Siva Muthukkumarasamy - Director
  • Shri. Sony Sebastian - Director
  • Shri. Arvind Kumar Kadyan - Director
  • Shri. Santosh Kumar Dash, OAS (SS) - Director
  • Shri. Manish Gupta - Director
  • Shri. Rakesh Kapur - Director
  • Shri. Dileep Sanghani - Director
  • Dr. U. S. Awasthi - Director
  • Shri. Alok Kumar Singh, IAS - Director
  • Shri. Kumar Amit, IAS - Director
  • Dr. P. S. Gahlaut - Managing Director
  • Shri. Sudhir Bhargava - Independent Director
  • Ms. Vandana Chanana - Independent Director

Senior Management

  • Dr. P. S. Gahlaut - Managing Director
  • Shri. R. Srinivasan - Chief Financial Officer
  • Dr. Girish Kumar - Company Secretary

Frequently Asked Questions

Who are the shareholders of Indian Potash Limited?
Indian Farmers Fertiliser Cooperative is the largest shareholder in Indian Potash, with 33.99% shares. Gujarat State Co-Op MKTG Federation Limited holds 10.45% of shares amongst others from the cooperative sector.
Who is the Owner of Indian Potash Limited?
The Indian Farmers Fertilizers Cooperative is the largest shareholder, with 33.99% shares in Indian Potash, and other companies from the cooperative sector hold 70% of the shares.
Who Bought the Company Potash?
Indian Potash Limited is currently owned by its shareholders, and 70% of the stakes are held by the cooperative sector.
How Can I Invest in Indian Potash?
It is a wise choice to invest in Indian Potash, considering their past performance. It is very simple to invest; you can simply invest in their shares with InCred. Connect with our experts, and they will guide you through the process.
Can You Buy Indian Potash Stocks?
Yes, you can buy Indian Potash’s unlisted stocks online through reliable dealers.
Is Indian Potash profitable?
Yes, Indian Potash is a profitable company with a strong share market hold.
How to buy Indian Potash Limited Unlisted Shares?
To Buy Indian Potash Ltd. Unlisted Shares follow the given steps:

- Register on the InCred Money Platform.
- Complete your KYC verification.
- Go to the Indian Potash Ltd. Unlisted shares page, select the desired quantity, and click Buy.
How to Sell Indian Potash Limited Unlisted Shares?
We suggest that an investor should not invest in unlisted equities with a mindset of trading or selling it in a short period of time.

But we understand that there may be an event where you may want to liquidate your shares. In that case, you can drop us an email on connect@incredmoney.com with the following details:

- Name
- Registered email address with InCred Money
- PAN number
- Name of the company that you are looking to sell
- Quantum
- Your expected price

Once we receive your email, our team will reach out to you.
We will then attempt to find a buyer for your units on a best-effort basis. Once we find a match for your price and quantity, we will notify you and initiate the transaction.

Steps once transaction is initiated:
- We will send you a deal sheet with all relevant details.
- You will need to transfer the units from your demat account to us. Our team will explain to you the steps for the same.
- After we receive the units, you will get a confirmation, and we will transfer the funds to your account.
What is the Lock-In Period for Indian Potash Ltd Unlisted Shares?
SEBI has reduced the lock-in period from 1 year to 6 months. The lock-in period for Indian Potash Unlisted shares is 6 months from the date of purchase. However, these are freely transferrable before listing in BSE/NSE.
What is the Minimum Ticket Size for Investment in Indian Potash Ltd Unlisted Shares?
You can buy Indian Potash Limited’s Unlisted Shares with a minimum investment of just 1 share.
Is Buying Indian Potash Limited Unlisted Share Legal in India?
Yes, it is legal to buy Indian Potash Limited and other unlisted shares in India. The activity is regulated and governed under the guidelines of the SEBI.
Is Short-Term Capital Gain Tax Applicable on Indian Potash Unlisted Shares?
Profits from selling unlisted shares of Indian Potash Ltd within two years are treated as Short-Term Capital Gains (STCG) and will be added to your total income for that financial year. These gains are taxed according to the income tax slab applicable to you, meaning the tax rate on STCG will vary based on your total income, including these profits, as per Indian Income Tax laws. Investors should consider these tax obligations when trading unlisted shares, as they can notably affect overall returns.
How Much LTCG is Applicable on Indian Potash Unlisted Shares/Pre-IPO Shares?
This term refers to the profits earned from holding Indian Potash Ltd Unlisted Shares or Pre-IPO Shares for more than two years. As of July 2024, Long-Term Capital Gains (LTCG) on unlisted shares are taxed at 12.5%, with the removal of the indexation benefit following the 2024 budget. Both high-net-worth individuals and retail investors need to understand LTCG to strategically plan their investment decisions.
How Much Time Is Taken to Credit Indian Potash Unlisted Shares to a Demat Account?
The day you transfer the money to our company account, the same day the boAt shares are transferred to your demat account.
How to Trust InCred Money Before Buying Indian Potash Limited Unlisted Shares From Its Platform?
InCred Money is a part of the InCred Group, offering an accessible investment platform with a dedicated team of experts available to guide you every step of the way. We offer highly competitive pricing with no hidden charges. You can start investing with as little as one share with InCred Money.
How is the Valuation of Indian Potash Ltd Unlisted Shares Calculated?
The valuation of Indian Potash Ltd.’s unlisted shares rely mainly on fundamental and comparative approaches, while market demand and supply also influence the pricing. The pricing process involves a detailed assessment of the company's transaction history and financial estimates.

We set benchmark valuations by analysing the current market value and recent funding activities related to ORBIS Financial Corporation Ltd.’s unlisted shares. Furthermore, we perform comprehensive risk management and consider all pertinent factors to ensure well-informed decision-making.
How Much Return Can I Expect from the Indian Potash Ltd Unlisted Shares?
The Prices are predicted to increase 200% by 2026 for Indian Potash Ltd unlisted shares.
Are Indian Potash Limited Unlisted Shares in Demat Form?
Yes, Indian Potash Limited's Unlisted Shares are transferred in dematerialised form. Once the payment is received, the shares will appear in your Demat account.
Where will Indian Potash Limited's Unlisted Shares/ Pre-IPO shares be reflected?
Once you purchase the shares on our platform, they will be transferred to the DEMAT account that you have shared with us on a T+7 basis.

There are multiple places where you can check your stock:

- You can download the CDSL Myeasi app or NSDL Speede app where you can track all your demat holdings.
- The stock will show up once you login to your account on the InCred Money app/ website.
Is Indian Potash Ltd a Pre-IPO, Unlisted or Delisted Share?
Indian Potash Ltd is a pre-IPO company that offers unlisted shares for trading.
Can NRIs Buy Indian Potash Limited’s Unlisted Shares?
Yes, NRIs can purchase unlisted shares of Orbis Financial Corporation Ltd; however, these shares are non-repatriable unless the NRI informs the RBI of their intention to buy repatriable shares. These shares must be acquired through an NRO Non-PIS account.
Where Can I Sell Indian Potash Ltd Unlisted Shares?
We will confirm the buying price for unlisted shares of Indian Potash Ltd with you. After that, we will provide you with a client master report, and you can transfer the shares you want to sell to our Demat account.

Once we receive the shares, we will ask for your bank details so we can process the payment. The amount will be transferred to the same account linked to your Demat account. If that is not feasible, you will need to provide a cancelled cheque for identity verification. Please be aware that third-party transfers are strictly prohibited and violate SEBI guidelines. Payments will be made through RTGS, NEFT, Cheque Transfers, or IMPS; cash deposits are not allowed.
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Indian Potash Ltd

Indian Potash Unlisted Shares - Buy & Sell Online | InCred Money