India Pesticides Ltd

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]
India Pesticides Ltd (IPL) is one of the fastest-growing agro-chemicals companies in terms of volume of Technicals manufactured and the company majorly operates in two business verticals - Technicals and Formulations segment

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  • Market Cap 3,563 Cr.
  • Current Price 309
  • High / Low 364 / 301
  • Stock P/E 26.5
  • Book Value 33.8
  • Dividend Yield 0.00 %
  • ROCE 52.0 %
  • ROE 41.6 %
  • Face Value 1.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 35.07%

Cons

  • Stock is trading at 9.15 times its book value
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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2020 Mar 2021 Jun 2021
116 133 170
83 97 115
Operating Profit 34 36 55
OPM % 29% 27% 32%
Other Income 1 2 4
Interest 1 1 1
Depreciation 2 2 2
Profit before tax 33 36 56
Tax % 25% 26% 25%
Net Profit 24 27 42
EPS in Rs 766.89 2.39 3.76

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
223 248 341 480 649
163 193 275 386 466
Operating Profit 60 55 65 94 183
OPM % 27% 22% 19% 20% 28%
Other Income 2 3 5 10 6
Interest 6 4 6 5 3
Depreciation 3 4 4 5 6
Profit before tax 53 50 61 93 180
Tax % 33% 35% 28% 24% 25%
Net Profit 35 33 44 71 135
EPS in Rs 1,113.42 1,030.79 1,379.83 2,224.32 12.03
Dividend Payout % 2% 2% 1% 1% 3%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:38%
TTM:35%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:60%
TTM:90%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:%
1 Year:%
Return on Equity
10 Years:%
5 Years:%
3 Years:35%
Last Year:42%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3 3 3 3 11
Reserves 107 141 184 254 378
Borrowings 43 46 61 28 30
42 51 69 81 97
Total Liabilities 195 240 317 366 517
61 69 70 99 124
CWIP 3 3 5 1 12
Investments 2 3 3 3 10
130 165 239 262 371
Total Assets 195 240 317 366 517

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
38 16 -3 75 83
-6 -13 -7 -31 -84
-32 -2 9 -39 -4
Net Cash Flow 0 1 -1 5 -5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 143 184 191 139 120
Inventory Days 56 75 60 88
Days Payable 108 116 95 92
Cash Conversion Cycle 143 132 150 104 116
Working Capital Days 146 168 181 133 132
ROCE % 32% 30% 37% 52%

Shareholding Pattern

Numbers in percentages

Jun 2021
68.17
31.83

Documents