Indian Potash Unlisted Shares
Indian Potash Limited imports and sells fertilisers such as DAP and MOP across India, and also runs sugar, distillery and dairy businesses. It reported revenue from operations of ₹32,534.83 crore in FY26.
Read the full company profileIndian Potash share details
- Lot size
- 25 shares
- Min. investment
- ₹71,250
- Face value
- ₹10
- Implied market cap
- ₹8,150 Cr
- Shares outstanding
- 28,597,200
- Headquarters
- Chennai, Tamil Nadu
- Website
- indianpotash.org
- ISIN
- INE863S01015
- CIN
- U14219TN1955PLC000961
- Lock-in after IPO
- 6 months
Indian Potash share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
About Indian Potash
Strengths
- Revenue from operations grew to ₹32,534.83 crore in FY26 from ₹20,688.91 crore in FY25, driven by higher DAP and MOP volumes.
- Profit for the year rose to ₹1,534.91 crore in FY26 from ₹1,331.15 crore in FY25, and earnings per share were ₹536.73.
- Total equity grew to ₹9,010.46 crore at 31 March 2026 from ₹7,514.85 crore a year earlier.
- The Government of India gave IPL the mandate to float a global tender for major fertilisers, which shows its standing in the import chain.
- Other income of ₹1,800.60 crore in FY26 includes dividend income of ₹1,313 crore, which supports profit alongside trading.
- Diversification into sugar, distillery and dairy gives it income streams that do not depend only on fertiliser subsidy.
Risks
- Operating cash flow was negative ₹2,233.69 crore in FY26 against profit of ₹1,534.91 crore, as trade receivables rose by ₹3,684.41 crore.
- Trade receivables stood at ₹8,246.11 crore at 31 March 2026 against ₹4,507.11 crore a year earlier, and the report says delayed government subsidy payments would hurt liquidity.
- Current borrowings rose to ₹10,173.71 crore from ₹5,191.99 crore, and finance costs more than doubled to ₹1,176.52 crore.
- The company booked a forex loss of ₹933.82 crore in FY26 as the rupee weakened, since it pays for imports in dollars.
- The report says DAP remained loss-making because government compensation was not adequate, and phosphatic fertiliser retail prices and subsidy rates are controlled.
- GST of ₹3,204 crore was blocked at 31 March 2026 because of the higher subsidy amount.
- Demand depends on the monsoon, and the report notes the IMD forecast of rainfall at 90% of the long period average for 2026.
- The three new Gujarat sugar mills are still being refurbished, and the sugar division profit fell to ₹35 crore from ₹81 crore.
Indian Potash financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY26Latest | FY25 |
|---|---|---|
| Revenue (₹ Cr) | 32,535 | 20,689 |
| PAT (₹ Cr) | 1,535 | 1,331 |
| PAT Margin (%) | 4.72 | 6.43 |
| RoNW (%) | 17.03 | 17.71 |
| EPS (₹) | 536.73 | 465.48 |
| Total Assets (₹ Cr) | 23,506 | 17,129 |
| Net Worth (₹ Cr) | 9,010 | 7,515 |
Swipe the table sideways for earlier years →
Management team
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Indian Potash unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
