India Pesticides Ltd

India Pesticides Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

India Pesticides Ltd

₹ 234 1.87%
25 Apr 4:01 p.m.
indiapesticideslimited.com BSE: 543311 NSE : IPL
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
India Pesticides Ltd (IPL) is one of the fastest-growing agrochemical companies in terms of the volume of Technicals manufactured. [1] [2]

Website BSE NSE
  • Market Cap ₹ 2,692 Cr.
  • Current Price ₹ 234
  • High / Low ₹ 432 / 200
  • Stock P/E 29.8
  • Book Value ₹ 69.7
  • Dividend Yield 0.32 %
  • ROCE 27.8 %
  • ROE 20.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 34.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.3%

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.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
182 133 170 178 190 177 218 251 218 198 201 202 151
134 97 115 124 129 135 163 198 171 156 178 175 118
Operating Profit 47 36 55 55 61 43 56 53 47 42 23 27 33
OPM % 26% 27% 32% 31% 32% 24% 26% 21% 21% 21% 11% 13% 22%
1 2 4 4 1 4 3 2 5 3 3 4 4
Interest 1 1 1 0 1 4 2 2 2 1 1 1 1
Depreciation 1 2 2 2 2 3 2 3 3 3 4 4 4
Profit before tax 46 36 56 56 59 40 55 51 47 41 22 27 33
Tax % 24% 26% 25% 25% 27% 23% 25% 25% 25% 26% 26% 26% 26%
35 27 42 42 43 31 41 38 35 30 16 20 24
EPS in Rs 11.09 2.39 3.76 3.66 3.77 2.68 3.59 3.29 3.04 2.62 1.38 1.72 2.12
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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 TTM
223 248 341 480 649 716 885 752
163 193 275 386 466 502 687 627
Operating Profit 60 55 65 94 183 214 198 125
OPM % 27% 22% 19% 20% 28% 30% 22% 17%
2 3 5 10 6 13 13 15
Interest 6 4 6 5 3 7 6 4
Depreciation 3 4 4 5 6 8 11 14
Profit before tax 53 50 61 93 180 212 193 122
Tax % 33% 35% 28% 24% 25% 25% 25%
35 33 44 71 135 158 144 90
EPS in Rs 1,113.42 1,030.79 1,379.83 2,224.32 12.04 13.75 12.55 7.84
Dividend Payout % 2% 2% 1% 1% 3% 5% 6%
Compounded Sales Growth
10 Years: %
5 Years: 29%
3 Years: 23%
TTM: -13%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 27%
TTM: -38%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 29%
3 Years: 28%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 3 11 12 12 12
Reserves 107 141 184 254 378 627 763 791
43 46 61 28 30 15 6 8
42 51 69 81 97 131 135 164
Total Liabilities 195 240 317 366 517 784 915 974
61 69 70 99 124 163 237 250
CWIP 3 3 5 1 12 44 27 43
Investments 2 3 3 3 10 20 17 26
130 165 239 262 371 557 635 655
Total Assets 195 240 317 366 517 784 915 974

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

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

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 143 184 191 139 120 126 108
Inventory Days 56 75 60 88 163 175
Days Payable 108 116 95 92 110 80
Cash Conversion Cycle 143 132 150 104 116 179 203
Working Capital Days 140 158 175 130 132 164 165
ROCE % 32% 30% 37% 52% 41% 28%

Shareholding Pattern

Numbers in percentages

59 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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