Mr. Ravindra Singh, aged 55, is the Promoter and Chairman cum Managing Director of the company. He graduated in 1988 from Kota Open University and has over 28 years of experience in manufacturing phosphatic fertilizers, surfactants, HDPE woven bags, and logistics of bulk liquid cargo. He first joined the company as an Additional Director in December 2000 and has held various directorial roles since then. He was appointed Chairman cum Managing Director for a three-year term starting August 8, 2023. Mr. Rushil Arora, aged 27, is the Executive Director of the company. He holds a Bachelor of Arts in Theatre from The University of British Columbia, Canada, completed in 2020. With over 2 years of experience in manufacturing operations, marketing management, and administration, he brings valuable expertise to the company. He was first appointed as Additional Non-Executive Director in December 2021, then regularized as Executive Director on September 30, 2022. He was reappointed for a three-year term starting December 11, 2023. Mr. Rohit Paragbhai Parmar, aged 55, is an Executive Director of the company. He holds a Bachelor of Engineering in Chemical and an MBA from Maharaja Sayajirao University of Baroda, and is an Associate Member of The Institution of Engineers (India). With over 28 years of experience in the manufacturing sector, including organic and inorganic chemicals, pharma intermediates, non-ferrous metals, fertilizers, and logistics, he has significant expertise. He was first appointed as an Additional Non-Executive Independent Director in December 2017, reappointed as a Non-Executive Independent Director in August 2018, and later resigned in August 2023. Subsequently, he was appointed as an Additional Executive Director under the promoter category in August 2023 and later confirmed as Executive Director for a three-year term starting December 11, 2023.

Name of the Company	Revenue (In Crore)	PAT (In Crore)	EPS ( in Rs)	P/E	CMP	Mcap (In Crore)
Indian Phosphate Limited	704	13	5.39	18.4	99	247
Rama Phosphates Limited	603	-31	-17.56	N/A	195	345

* All the data is as per FY24.

1. Indian Phosphate Limited is a prominent player in the chemical and fertilizer industry, primarily engaged in the production of Linear Alkylbenzene Sulphonic Acid (LABSA 90%) and Single Super Phosphate (SSP) fertilizers. LABSA is an anionic surfactant widely used in the formulation of various detergent products, including powders, cakes, toilet cleaners, and liquid detergents. 2. They also manufacture Granules Single Super Phosphate (GSSP), which is a vital fertilizer used in the agricultural sector. Both SSP and GSSP are produced in compliance with the standards set by the Fertilizer Control Order of India and are available in both powder and granulated forms, fortified with essential nutrients like zinc and boron. 3. They source Linear Alkylbenzene (LAB) from major suppliers such as IOCL, Vadodara, Nirma Ltd., Vadodara, and Reliance Industries Ltd., Patalganga. 4. Market Presence They have a robust presence across major states in India, including Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand. 5. SWOT Analysis Strengths: i. Experienced Promoter ii. Professionally Qualified and Experienced Team iii. Quality Services Weaknesses: i. Dependency on Government Fertilizer Subsidy Policy ii. High Working Capital Requirements Opportunities: i. Expanding into New Geographical Markets (Tamil Nadu and Maharashtra) ii. Venturing into New Business Verticals iii. Backward Integration into Rock Phosphate Mining and Sulphuric Acid Production Threats: i. Economic Recession ii. Natural Calamities 6. Competitive Landscape They face competition from both small-scale and large-scale enterprises, including regional, national, and international players. The industry’s low entry barriers allow for capacity expansions by existing producers, further intensifying competition. 7. The Revenue has Increased from Rs.557 Crores in FY22 to Rs.704 Crores in FY24. 8. The EBITDA has Increased from 24.9 Crores in FY22 to 25.1 Crores in FY24. 9. The PAT has Decreased from 16 Crores in FY22 to 13 Crores in FY24. 10. As per FY24, CFO/EBITDA is 0.98, and EPS is 5.39, 11. Market Capitalization is 247 Crores and P/E is 18.4x based on FY24.

Indian Phosphate Limited Plot 638, Sector-11, Udaipur City, Girwa, Girwa - 313001 Phone: 0294-2946959 Email: investor@indianphosphate.com Website: http://www.indianphosphate.com/