India Pesticides Ltd

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

India Pesticides Ltd

₹ 208 3.44%
29 Mar - close price
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 agro-chemicals companies in terms of the volume of Technicals manufactured. [1]
[2]

Website BSE NSE
  • Market Cap ₹ 2,393 Cr.
  • Current Price ₹ 208
  • High / Low ₹ 330 / 197
  • Stock P/E 16.5
  • Book Value ₹ 61.5
  • Dividend Yield 0.36 %
  • ROCE 40.5 %
  • ROE 30.7 %
  • 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 34.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 34.3%

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

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
116 217 182 133 170 178 190 177 218 251 218
83 152 134 97 115 124 129 135 163 198 171
Operating Profit 34 66 47 36 55 55 61 43 56 53 47
OPM % 29% 30% 26% 27% 32% 31% 32% 24% 26% 21% 21%
1 2 1 2 4 4 1 4 3 2 5
Interest 1 1 1 1 1 0 1 4 2 2 2
Depreciation 2 2 1 2 2 2 2 3 2 3 3
Profit before tax 33 65 46 36 56 56 59 40 55 51 47
Tax % 25% 26% 24% 26% 25% 25% 27% 23% 25% 25% 25%
Net Profit 24 48 35 27 42 42 43 31 41 38 35
EPS in Rs 766.89 1,510.84 11.09 2.39 3.76 3.66 3.77 2.68 3.59 3.29 3.04
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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 TTM
223 248 341 480 649 716 864
163 193 275 386 466 502 666
Operating Profit 60 55 65 94 183 214 198
OPM % 27% 22% 19% 20% 28% 30% 23%
2 3 5 10 6 13 14
Interest 6 4 6 5 3 7 9
Depreciation 3 4 4 5 6 8 11
Profit before tax 53 50 61 93 180 212 193
Tax % 33% 35% 28% 24% 25% 25%
Net Profit 35 33 44 71 135 158 145
EPS in Rs 1,113.42 1,030.79 1,379.83 2,224.32 12.04 13.75 12.60
Dividend Payout % 2% 2% 1% 1% 3% 5%
Compounded Sales Growth
10 Years: %
5 Years: 26%
3 Years: 28%
TTM: 29%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 53%
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -24%
Return on Equity
10 Years: %
5 Years: 33%
3 Years: 34%
Last Year: 31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
3 3 3 3 11 12 12
Reserves 107 141 184 254 378 627 697
43 46 61 28 30 15 7
42 51 69 81 97 131 198
Total Liabilities 195 240 317 366 517 784 914
61 69 70 99 124 163 182
CWIP 3 3 5 1 12 44 55
Investments 2 3 3 3 10 20 17
130 165 239 262 371 557 660
Total Assets 195 240 317 366 517 784 914

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
38 16 -3 75 83 76
-6 -13 -7 -31 -84 -132
-32 -2 9 -39 -4 71
Net Cash Flow 0 1 -1 5 -5 14

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 143 184 191 139 120 126
Inventory Days 56 75 60 88 165
Days Payable 108 116 95 92 114
Cash Conversion Cycle 143 132 150 104 116 178
Working Capital Days 140 158 175 130 132 164
ROCE % 32% 30% 37% 52% 41%

Shareholding Pattern

Numbers in percentages

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
68.17 66.17 66.17 66.56 66.76 67.20 67.20
0.00 2.99 2.26 2.20 2.11 0.62 0.52
0.00 2.30 1.13 1.06 1.07 1.59 1.59
31.83 28.54 30.44 30.17 30.05 30.60 30.69

* 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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