Insecticides India Ltd

Insecticides India Ltd

₹ 608 0.41%
15 Jan 9:50 a.m.
About

Insecticides India is into manufacturing of agrochemicals (technicals and formulations) and biological and household products. They cater to Indian market where they directly sell to the end consumer and also sell technicals and formulations to the companies who are in the business of formulation. They also export to 30 countries with more than 100 customers through registrations. IIL has more than 75 registrations so far.[1]

Key Points

Product Offerings
The company is one of India’s leading crop protection and Nutrition companies, with a portfolio of 20+ technical products and 125 formulation products, including Insecticides, Herbicides, Fungicides, and Biological and PGR products, under brands like Tractor, Green Label, Pulsor, Hakama, and others. Its premium portfolio includes 11 Focused Maharatna products and 33 Maharatna under brands like Hercules, Lethal, Hachiman, Shinwa, etc. [1] [2] [3] [4]

  • Market Cap 1,799 Cr.
  • Current Price 608
  • High / Low 1,085 / 460
  • Stock P/E 13.7
  • Book Value 377
  • Dividend Yield 0.49 %
  • ROCE 13.0 %
  • ROE 10.5 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 10.1% over last 3 years.
  • Dividend payout has been low at 9.43% of profits over last 3 years

* 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
444 314 278 561 582 357 302 640 696 358 272 657 627
380 295 244 502 514 333 330 594 614 332 263 585 537
Operating Profit 64 19 34 58 68 23 -28 46 82 26 9 72 90
OPM % 14% 6% 12% 10% 12% 7% -9% 7% 12% 7% 3% 11% 14%
-0 1 2 0 0 0 0 4 -0 1 5 3 2
Interest 2 2 1 1 3 5 4 3 3 3 2 2 2
Depreciation 6 7 7 7 6 6 7 7 7 7 8 7 7
Profit before tax 56 11 28 51 60 12 -39 39 72 17 4 66 82
Tax % 25% 25% 20% 25% 25% 25% -26% 26% 26% 28% -95% 25% 25%
42 8 22 38 45 9 -29 29 53 12 8 49 62
EPS in Rs 14.11 2.75 7.56 12.84 15.09 3.15 -9.80 9.81 17.99 4.15 2.73 16.60 20.81
Raw PDF
Upcoming result date: 10 February 2025

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
566 801 892 906 994 1,073 1,194 1,363 1,420 1,504 1,801 1,966 1,914
498 719 781 815 880 925 1,006 1,207 1,268 1,333 1,679 1,803 1,717
Operating Profit 68 82 111 91 114 148 188 156 153 171 122 163 197
OPM % 12% 10% 12% 10% 11% 14% 16% 11% 11% 11% 7% 8% 10%
1 0 0 0 4 3 0 2 -2 3 1 10 10
Interest 17 27 33 26 20 16 15 24 7 7 13 11 8
Depreciation 6 7 14 16 16 17 20 24 25 26 26 29 29
Profit before tax 46 49 64 50 82 118 153 110 119 141 84 133 169
Tax % 24% 18% 15% 21% 28% 29% 20% 22% 22% 24% 25% 23%
35 40 55 39 59 84 122 86 93 107 63 103 131
EPS in Rs 12.39 14.01 19.24 12.67 19.16 27.09 39.49 27.75 30.14 36.16 21.28 34.67 44.29
Dividend Payout % 11% 10% 0% 11% 7% 5% 3% 10% 4% 6% 14% 9%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 11%
TTM: -4%
Compounded Profit Growth
10 Years: 10%
5 Years: -4%
3 Years: 0%
TTM: 109%
Stock Price CAGR
10 Years: 4%
5 Years: 10%
3 Years: 8%
1 Year: -6%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 13 13 13 21 21 21 21 21 21 20 30 30 30
Reserves 200 234 279 388 444 527 641 710 798 847 886 982 1,087
211 258 322 206 237 114 305 191 100 54 163 87 66
209 287 308 322 277 338 388 372 505 473 615 611 627
Total Liabilities 632 791 921 936 978 1,000 1,355 1,293 1,424 1,394 1,694 1,710 1,809
140 170 205 194 185 232 240 239 239 253 262 283 293
CWIP 45 54 38 51 58 17 19 39 59 91 123 141 136
Investments 0 11 11 11 11 16 12 10 12 13 15 19 21
447 556 667 680 725 735 1,084 1,004 1,115 1,037 1,293 1,267 1,359
Total Assets 632 791 921 936 978 1,000 1,355 1,293 1,424 1,394 1,694 1,710 1,809

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1 38 -6 85 4 182 -133 242 155 135 -11 185
-46 -57 -33 -19 -14 -26 -49 -24 -113 9 -87 -44
35 23 36 -63 9 -143 172 -159 -104 -115 80 -98
Net Cash Flow -13 4 -2 3 -0 13 -11 59 -61 30 -18 43

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 75 58 68 84 78 80 75 86 65 70 60 55
Inventory Days 221 189 220 190 232 214 355 202 248 228 247 220
Days Payable 128 124 118 114 108 128 141 96 136 117 128 114
Cash Conversion Cycle 168 124 170 159 201 166 289 192 177 181 178 161
Working Capital Days 147 115 138 137 155 126 206 147 132 123 124 109
ROCE % 16% 16% 17% 12% 16% 20% 21% 14% 15% 16% 10% 13%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.16% 72.30%
5.42% 6.66% 6.32% 6.27% 6.46% 6.02% 5.19% 4.41% 4.31% 4.36% 5.43% 5.13%
8.91% 10.98% 10.94% 10.94% 10.77% 10.53% 9.36% 9.12% 9.14% 9.08% 9.06% 9.24%
13.51% 10.20% 10.58% 10.64% 10.62% 11.30% 13.31% 14.32% 14.40% 14.41% 13.36% 13.34%
No. of Shareholders 15,40114,23320,22319,18916,35518,01218,86818,23219,25219,47422,48422,849

* 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.

Click on the line-items to see the names of individual entities.

Documents

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