India Pesticides Ltd

India Pesticides Ltd

₹ 182 0.61%
25 Nov 4:00 p.m.
About

India Pesticides Limited is one of the globally operating agro-chemical manufactures in India, since 1984. The company is the sole Indian manufacturer and among the top five manufacturers globally for several Technicals, such as Folpet, Thiocarbamate Herbicide, and several other products [1]

Key Points

Leading pesticides company [1]
An R&D-driven chemical manufacturer of agrochem technical, APIs, and formulation business.

  • Market Cap 2,092 Cr.
  • Current Price 182
  • High / Low 432 / 174
  • Stock P/E 29.1
  • Book Value 75.2
  • Dividend Yield 0.41 %
  • ROCE 10.7 %
  • ROE 7.62 %
  • Face Value 1.00

Pros

  • Company is almost debt free.

Cons

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
178 190 177 218 251 218 198 201 202 151 127 220 229
124 129 135 163 198 171 156 178 175 118 123 192 195
Operating Profit 55 61 43 56 53 47 42 23 27 33 4 29 34
OPM % 31% 32% 24% 26% 21% 21% 21% 11% 13% 22% 3% 13% 15%
4 1 4 3 2 5 3 3 4 4 4 4 6
Interest 0 1 4 2 2 2 1 1 1 1 1 1 1
Depreciation 2 2 3 2 3 3 3 4 4 4 4 4 4
Profit before tax 56 59 40 55 51 47 41 22 27 33 2 27 34
Tax % 25% 27% 23% 25% 25% 25% 26% 26% 26% 26% 56% 27% 23%
42 43 31 41 38 35 30 16 20 24 1 20 26
EPS in Rs 3.66 3.77 2.68 3.59 3.29 3.04 2.62 1.38 1.72 2.12 0.09 1.74 2.30
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
223 248 341 480 649 716 885 681 726
163 193 275 386 466 502 687 594 627
Operating Profit 60 55 65 94 183 214 198 87 99
OPM % 27% 22% 19% 20% 28% 30% 22% 13% 14%
2 3 5 10 6 13 13 15 17
Interest 6 4 6 5 3 7 6 4 4
Depreciation 3 4 4 5 6 8 11 15 16
Profit before tax 53 50 61 93 180 212 193 84 97
Tax % 33% 35% 28% 24% 25% 25% 25% 27%
35 33 44 71 135 158 144 61 72
EPS in Rs 1,113.42 1,030.79 1,379.83 2,224.32 12.04 13.75 12.54 5.31 6.25
Dividend Payout % 2% 2% 1% 1% 3% 5% 6% 14%
Compounded Sales Growth
10 Years: %
5 Years: 15%
3 Years: 2%
TTM: -11%
Compounded Profit Growth
10 Years: %
5 Years: 7%
3 Years: -23%
TTM: -29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -16%
1 Year: -37%
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 18%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 3 3 3 11 12 12 12 12
Reserves 107 141 184 254 378 627 763 816 854
43 46 61 28 30 15 6 20 25
42 51 69 81 97 131 135 148 228
Total Liabilities 195 240 317 366 517 784 915 996 1,119
61 69 70 99 124 163 237 267 308
CWIP 3 3 5 1 12 44 27 41 21
Investments 2 3 3 3 10 20 17 41 43
130 165 239 262 371 557 635 647 748
Total Assets 195 240 317 366 517 784 915 996 1,119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
38 16 -3 75 83 77 46 120
-6 -13 -7 -31 -84 -133 -23 -125
-32 -2 9 -39 -4 71 -29 2
Net Cash Flow 0 1 -1 5 -5 14 -6 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 143 184 191 139 120 126 108 128
Inventory Days 56 75 60 88 163 175 201
Days Payable 108 116 95 92 110 74 90
Cash Conversion Cycle 143 132 150 104 116 179 209 240
Working Capital Days 140 158 175 130 132 164 165 193
ROCE % 32% 30% 37% 52% 41% 28% 11%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
66.17% 66.56% 66.76% 67.20% 67.20% 67.20% 67.20% 63.61% 63.61% 63.61% 63.61% 63.61%
2.26% 2.20% 2.11% 0.62% 0.52% 0.45% 0.39% 0.33% 1.63% 2.40% 0.26% 0.32%
1.13% 1.06% 1.07% 1.59% 1.59% 1.81% 1.81% 1.70% 1.59% 0.04% 0.04% 0.05%
30.44% 30.17% 30.05% 30.60% 30.69% 30.55% 30.61% 34.38% 33.17% 33.95% 36.10% 36.01%
No. of Shareholders 1,51,6331,38,3661,35,5051,31,5801,30,4171,29,2551,27,1841,17,09598,75895,75899,8821,05,600

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls