1. Group revenue and margin targets - Management targets ₹1,100 crore revenue and 12%+ EBITDA margin by FY29, up from ₹502 crore and 9.6% in the last reported year. Backward integration drives the margin lift while capacity expansion and exports fuel the top line, giving a quantified three-year earnings roadmap.
2. Pretilachlor and PEDA backward integration - Production of Pretilachlor Technical (5,000 MT p.a.) and its intermediate PEDA (3,700 MT p.a.) commenced at Unit I, Bagru on 13 March 2026, with combined capex of \~₹25 crore funded via term loan and internal accruals. The Government's anti-dumping duty on Chinese imports creates a pricing umbrella, allowing the company to capture the full molecule margin on a herbicide used across India's largest crop by acreage.
3. Unit IV technical plant by Q2 FY27 - A new technical manufacturing facility at Gidhani, Rajasthan, targeting fungicides and herbicides, aims to start operations by Q2 FY27 with first-phase capex of \~₹25 crore. Management expects a 25-30% reduction in COGS for specific products by replacing purchased technicals with captive production, directly expanding gross margins.
4. 2,4-D capacity quadrupling to 10,000 MT - The company is scaling 2,4-D herbicide capacity from 2,500 MT to 10,000 MT by Q4 FY28, evaluating Dahej PCPIR for the site to access Phenol and Chlorine via pipeline and gain direct port access. At 4x current capacity, this becomes the single largest volume driver toward the FY29 revenue target.
5. Export share from 2% to 20% of revenue - Exports currently contribute \~2% of revenue; management targets 20% by FY29, leveraging "China Plus One" demand for technicals in Vietnam and Indonesia and pursuing registrations in LATAM, SE Asia, and Brazil. Reaching 20% of ₹1,100 crore would imply \~₹220 crore from exports, a step-change from today's \~₹10 crore base.
6. Unit 5 greenfield at Dahej, Gujarat - An MOU signed on 25 February 2026 secures 17,491 sq. metres at Dahej-II GIDC for a new technical-grade pesticide plant. The site adds a fresh manufacturing block in a coastal chemical hub, supporting both the export push and the 2,4-D expansion under evaluation at the same location.