| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 18504 | 33323 | 20946 | 20689 |
| Cost of Material Consumed | 19037 | 27744 | 17810 | 18269 |
| Change in Inventory | -3418 | 2052 | 231 | -851 |
| Gross Margins | 15.59 | 10.58 | 13.87 | 15.81 |
| Employee Benefit Expenses | 97 | 114 | 130 | 132 |
| Other Expenses | 2010 | 2331 | 2374 | 2057 |
| EBITDA | 778 | 1082 | 401 | 1082 |
| OPM | 4.2 | 3.25 | 1.91 | 5.23 |
| Other Income | 1419 | 2369 | 2257 | 2172 |
| Finance Cost | 118 | 696 | 384 | 499 |
| D&A | 46 | 48 | 61 | 68 |
| EBIT | 732 | 1034 | 340 | 1014 |
| EBIT Margins | 3.96 | 3.1 | 1.62 | 4.9 |
| PBT | 2033 | 2707 | 2213 | 2687 |
| PBT Margins | 10.99 | 8.12 | 10.57 | 12.99 |
| Tax | 415 | 833 | 955 | 1026 |
| PAT | 1618 | 1874 | 1258 | 1661 |
| NPM | 8.74 | 5.62 | 6.01 | 8.03 |
| EPS | 565.93 | 655.47 | 439.86 | 580.77 |
| Financial Ratios | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 4.2 | 3.25 | 1.91 | 5.23 |
| Net Profit Margin | 8.74 | 5.62 | 6.01 | 8.03 |
| Earning Per Share (Diluted) | 565.93 | 655.47 | 439.86 | 580.77 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 882 | 1221 | 1213 | 1542 |
| CWIP | 157 | 24 | 217 | 83 |
| Investments | 6185 | 4906 | 5784 | 7764 |
| Trade Receivables | 1900 | 5454 | 3670 | 4507 |
| Inventory | 6067 | 4013 | 3792 | 4690 |
| Other Assets | 6187 | 3447 | 2945 | 3524 |
| Total Assets | 21378 | 19065 | 17621 | 22110 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 28.59 | 28.59 | 28.59 | 28.59 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 6098 | 8211 | 9488 | 11293 |
| Borrowings | 5544 | 3964 | 4575 | 5264 |
| Trade Payables | 8626 | 5364 | 2087 | 3747 |
| Other Liabilities | 1081.41 | 1497.41 | 1442.4 | 1777.4 |
| Total Liabilities | 21378 | 19065 | 17621 | 22110 |
| Cash-Flow Statement | 2023 | 2024 | 2025 |
|---|---|---|---|
| PBT | 2707 | 2213 | 2687 |
| OPBWC | 1050 | 625 | 1123 |
| Change in Receivables | -3489 | 1734 | -803 |
| Change in Inventories | 2054 | 221 | -898 |
| Change in Payables | -3266 | -3257 | 1709 |
| Other Changes | -1233 | -477 | -343 |
| Working Capital Change | -5934 | -1779 | -335 |
| Cash Generated From Operations | -4884 | -1154 | 788 |
| Tax | -230 | -321 | -284 |
| Cash Flow From Operations | -5114 | -1475 | 504 |
| Purchase of PPE | -244 | -256 | -656 |
| Sale of PPE | 2 | 0 | 1 |
| Cash Flow From Investment | 3710 | 681 | -881 |
| Borrowing | -1592 | 601 | 678 |
| Dividend | -17 | -20 | -21 |
| Equity | 0 | 0 | 0 |
| Others From Financing | -701 | -389 | -526 |
| Cash Flow from Financing | -2310 | 192 | -31 |
| Net Cash Generated | -3714 | -602 | -246 |
| Cash at the Start | 4927 | 1213 | 610 |
| Cash at the End | 1213 | 611 | 364 |
Indian Potash Limited (IPL) is one of India’s largest importers, marketers, and distributors of potash and other essential fertilizers, playing a crucial role in strengthening the country’s agricultural ecosystem. Established under the guidance of leading cooperative societies, IPL operates with the objective of ensuring timely availability of vital plant nutrients to farmers across rural India. The company imports Muriate of Potash (MOP) from global suppliers and distributes it through an extensive network spanning thousands of cooperative societies, retail outlets, and warehouses. Over the years, IPL has diversified into other agri-inputs, including fertilizers, cattle feed, dairy products, seeds, and industrial chemicals, further enhancing its contribution to India’s food security.
From a business perspective, Indian Potash Limited benefits from its robust logistics capabilities, long-term global sourcing relationships, and deep penetration in rural markets. The company’s operations are closely aligned with government policies on fertilizer subsidies, agricultural development, and rural support mechanisms. IPL’s ability to efficiently manage imports, maintain adequate buffer stocks, and distribute fertilizers even in remote regions has helped it maintain a leadership position in India’s fertilizer supply chain. Additionally, its expansion into agro-based products, salt production, and dairy operations has strengthened its revenue mix and reduced dependency on a single product category. With continuous improvements in technology, digital supply chain monitoring, and farmer outreach programs, IPL continues to enhance operational efficiency and customer engagement.
In the unlisted shares market, Indian Potash Limited attracts considerable interest from investors due to its strong financial stability, essential role in the agricultural sector, and consistent demand for fertilizers in India. The company’s entrenched distribution network, recurring revenue model, and government-supported sector dynamics make it a relatively steady performer compared to other cyclical industries. As India’s agriculture sector modernizes and farmers increasingly adopt scientific nutrient management, the demand for potash and related agri-inputs is expected to remain resilient. For investors seeking long-term exposure to a low-volatility, essential commodities business with nationwide impact, IPL’s unlisted shares offer an appealing combination of stability, scale, and sustainable growth potential.
1. What are Indian Potash Limited unlisted shares?
These are equity shares of Indian Potash Limited (IPL) that are not listed on stock exchanges like NSE or BSE and are traded privately in the unlisted market.
2. What does Indian Potash Limited do?
Indian Potash Limited is primarily involved in importing, marketing, and distributing potash and other fertilizers across India. It also has interests in agro-inputs and rural supply chains.
3. Why do investors show interest in IPL unlisted shares?
Investor interest is driven by:
4. How can one buy Indian Potash unlisted shares?
Shares can be acquired through:
5. What is the typical minimum investment?
There is no fixed minimum set by the company, but intermediaries usually require investments starting from around ?50,000 to ?2 lakh depending on deal size and availability.
6. How is the price of IPL unlisted shares determined?
Pricing depends on:
7. Does Indian Potash Limited pay dividends?
Yes, IPL is known for paying relatively consistent dividends, making it attractive for income-focused investors in the unlisted space.
8. Is there any plan for an IPO?
As of now, there is no confirmed or publicly announced IPO timeline for Indian Potash Limited, which means liquidity events may remain uncertain.
9. What are the risks involved in investing in IPL unlisted shares?
Key risks include:
10. What are the tax implications on IPL unlisted shares?