India Pesticides Ltd

India Pesticides Ltd

₹ 228 0.23%
03 Jul - close price
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 2,634 Cr.
  • Current Price 228
  • High / Low 432 / 192
  • Stock P/E 43.8
  • Book Value 71.6
  • Dividend Yield 0.33 %
  • ROCE 10.6 %
  • ROE 7.53 %
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
133.38 170.29 178.47 190.03 177.34 218.46 250.66 217.64 198.18 201.44 201.97 150.68 126.32
96.98 115.04 123.68 128.81 134.84 162.75 198.10 171.10 156.07 178.70 175.01 117.61 122.49
Operating Profit 36.40 55.25 54.79 61.22 42.50 55.71 52.56 46.54 42.11 22.74 26.96 33.07 3.83
OPM % 27.29% 32.44% 30.70% 32.22% 23.97% 25.50% 20.97% 21.38% 21.25% 11.29% 13.35% 21.95% 3.03%
1.77 3.79 3.85 1.33 4.19 3.27 2.36 4.59 2.91 3.28 4.13 4.03 3.56
Interest 0.71 1.10 0.43 1.24 4.08 1.87 2.01 1.76 1.52 1.34 0.88 0.74 1.42
Depreciation 1.52 1.75 1.85 2.26 2.64 2.50 2.78 3.06 3.05 3.55 3.69 3.87 3.96
Profit before tax 35.94 56.19 56.36 59.05 39.97 54.61 50.13 46.31 40.45 21.13 26.52 32.49 2.01
Tax % 25.60% 25.22% 25.34% 26.91% 23.27% 24.76% 25.75% 24.88% 25.86% 26.88% 26.47% 26.16% 47.26%
26.73 42.02 42.09 43.17 30.67 41.10 37.22 34.80 29.99 15.45 19.50 23.99 1.06
EPS in Rs 2.39 3.76 3.65 3.75 2.66 3.57 3.23 3.02 2.60 1.34 1.69 2.08 0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
649 716 885 680
466 502 688 594
Operating Profit 183 214 197 87
OPM % 28% 30% 22% 13%
6 13 13 15
Interest 3 7 7 4
Depreciation 6 9 11 15
Profit before tax 180 212 192 82
Tax % 25% 25% 25% 27%
135 158 143 60
EPS in Rs 12.03 13.72 12.44 5.22
Dividend Payout % 3% 5% 6% 14%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 2%
TTM: -23%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -24%
TTM: -58%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 4%
Return on Equity
10 Years: %
5 Years: %
3 Years: 18%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 11 12 12 12
Reserves 378 626 762 813
30 23 13 19
97 131 135 157
Total Liabilities 517 792 921 1,002
124 174 248 279
CWIP 12 44 27 58
Investments 9 17 12 12
372 557 633 652
Total Assets 517 792 921 1,002

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
83 76 45 114
-83 -133 -24 -120
-4 71 -25 3
Net Cash Flow -4 14 -4 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 120 126 108 128
Inventory Days 88 163 175 191
Days Payable 92 110 80 87
Cash Conversion Cycle 116 179 203 232
Working Capital Days 132 164 165 192
ROCE % 40% 27%

Shareholding Pattern

Numbers in percentages

5 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
68.17% 66.17% 66.17% 66.56% 66.76% 67.20% 67.20% 67.20% 67.20% 63.61% 63.61% 63.61%
0.00% 2.99% 2.26% 2.20% 2.11% 0.62% 0.52% 0.45% 0.39% 0.33% 1.63% 2.40%
0.00% 2.30% 1.13% 1.06% 1.07% 1.59% 1.59% 1.81% 1.81% 1.70% 1.59% 0.04%
31.83% 28.54% 30.44% 30.17% 30.05% 30.60% 30.69% 30.55% 30.61% 34.38% 33.17% 33.95%
No. of Shareholders 251,79,0861,51,6331,38,3661,35,5051,31,5801,30,4171,29,2551,27,1841,17,09598,75895,758

* 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