Insecticides India

₹537 -23.7 | 4.2%

WEBSITE BSE:532851 NSE : INSECTCID 10 May, 16:01

Market Cap ₹1589 Cr.

Stock P/E 24.3

P/B 1.6

Current Price ₹537

Book Value ₹ 342.3

Face Value 10

52W High ₹718

Dividend Yield 0.56%

52W Low ₹ 410.2

Edit Ratio

Insecticides India Research see more...

Equity Research: Insecticides (India) Ltd

IIL – All Set to Capitalize from Make-In-India and Government’s focus on increasing Exports

Overview Inc. Year: 1996Industry: Pesticides & Agrochemicals

Insecticides (India) Ltd is an agrochemicals company in India which is engaged inside the production activities of agro chemicals, insecticides and technical merchandise for agriculture functions. Its segments comprises Formulated Pesticides and Technical Pesticides. The Formulated Pesticides segment consists of pesticides, herbicides, fungicides and plant growth regulators. The Technical Pesticides are the simple active ingredients used for making formulations so that they can be used by the farmers and/or customers. Its merchandise consist of formulations, technicals and household merchandise. It caters to both domestic and international markets. The Company's merchandise are to be had in over 120 formulations and approximately 20 technicals. The Company gives a range of merchandise, including LETHAL SUPER 550, LETHAL SUPER 505, NUVAN, LETHAL, LETHAL 50, VICTOR, MONOCIL, THIMET, SHARP, BRAVO 2500, LETHAL TC, DICHLORVOS, BUPROFEZIN, LETHAL WOODCARE (RTU) and LETHAL ADVANCE.

Insecticides India Share Price

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Insecticides India Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	444	314	278	561	582	357	302	640	696	358
Other Income	-0	1	2	0	0	0	0	4	-0	1
Total Income	444	315	280	561	582	357	302	644	696	359
Total Expenditure	380	295	244	502	514	333	330	594	614	332
Operating Profit	64	19	36	59	69	24	-28	50	82	27
Interest	2	2	1	1	3	5	4	3	3	3
Depreciation	6	7	7	7	6	6	7	7	7	7
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	56	11	28	51	60	12	-39	39	72	17
Provision for Tax	14	3	6	13	15	3	-10	10	19	5
Profit After Tax	42	8	22	38	45	9	-29	29	53	12
Adjustments	0	0	-0	0	0	0	-0	0	0	0
Profit After Adjustments	42	8	22	38	45	9	-29	29	53	12
Adjusted Earnings Per Share	14.1	2.8	7.5	12.9	15.1	3.2	-9.9	9.8	18	4.2

Insecticides India Profit & Loss

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	965	988	994	1073	1194	1363	1420	1504	1801	1996
Other Income	1	1	7	3	1	3	8	4	1	5
Total Income	966	989	1001	1076	1194	1366	1428	1508	1803	2001
Total Expenditure	854	896	883	925	1006	1207	1268	1334	1679	1870
Operating Profit	112	93	118	151	188	158	160	174	123	131
Interest	33	26	20	16	15	24	7	7	13	13
Depreciation	15	16	16	17	20	24	25	26	26	28
Exceptional Income / Expenses	0	0	0	0	0	0	-10	0	0	0
Profit Before Tax	64	50	82	118	153	110	120	141	84	89
Provision for Tax	9	11	23	34	31	24	26	34	21	24
Profit After Tax	55	40	59	84	122	86	94	107	63	65
Adjustments	0	0	0	0	0	1	0	0	0	0
Profit After Adjustments	55	40	60	84	123	87	94	107	63	65
Adjusted Earnings Per Share	19.2	12.8	19.3	27.2	39.6	28	30.3	36.3	21.4	22.1

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	20%	10%	11%	0%
Operating Profit CAGR	-29%	-8%	-4%	0%
PAT CAGR	-41%	-10%	-6%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	18%	14%	5%	16%
ROE Average	7%	11%	13%	15%
ROCE Average	10%	13%	15%	17%

Insecticides India Balance Sheet

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	291	409	464	548	662	732	820	870	918
Minority's Interest	0	0	0	0	0	0	0	0	0
Borrowings	54	28	15	8	1	2	2	2	2
Other Non-Current Liabilities	20	24	26	45	52	44	50	53	38
Total Current Liabilities	556	475	489	425	674	539	585	508	760
Total Liabilities	920	936	995	1026	1388	1317	1457	1432	1718
Fixed Assets	205	198	185	232	240	239	239	253	262
Other Non-Current Assets	52	62	96	75	86	100	133	176	224
Total Current Assets	662	675	715	719	1062	978	1086	1003	1232
Total Assets	920	936	995	1026	1388	1317	1457	1432	1718

Insecticides India Cash Flow

#(Fig in Cr.)	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	12	9	7	7	20	9	68	6	36
Cash Flow from Operating Activities	-6	86	4	182	-133	242	155	135	-11
Cash Flow from Investing Activities	-34	-19	-14	-26	-49	-24	-113	9	-86
Cash Flow from Financing Activities	36	-64	9	-143	172	-159	-104	-115	80
Net Cash Inflow / Outflow	-4	4	-0	13	-11	59	-61	30	-17
Closing Cash & Cash Equivalent	9	12	7	20	9	68	6	36	19

Insecticides India Ratios

#	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	19.22	12.77	19.26	27.19	39.62	28.03	30.29	36.3	21.36
CEPS(Rs)	24.34	18.08	24.32	32.59	45.83	35.52	38.25	45.2	30.18
DPS(Rs)	2.5	2	2	2	2	6	2	3	3
Book NAV/Share(Rs)	101.12	131.38	149.83	176.71	213.54	236.03	264.62	293.81	310.26
Core EBITDA Margin(%)	10.75	8.78	10.35	12.13	14.31	10.31	9.6	10.28	6.14
EBIT Margin(%)	9.4	7.28	9.5	10.99	12.86	8.89	7.95	8.96	4.9
Pre Tax Margin(%)	6.19	4.8	7.62	9.69	11.7	7.31	7.53	8.56	4.22
PAT Margin (%)	5.31	3.78	5.52	6.89	9.36	5.69	5.92	6.51	3.18
Cash Profit Margin (%)	6.73	5.35	7.01	8.29	10.87	7.29	7.47	8.1	4.5
ROA(%)	9.78	4.26	6.15	8.31	10.14	6.36	6.77	7.44	4.01
ROE(%)	28.42	11.38	13.63	16.59	20.24	12.35	12.1	12.71	7.07
ROCE(%)	26.91	12.46	15.55	19.66	20.65	14.24	13.74	16.13	9.75
Receivable days	35.35	65.22	71.11	66.83	66.86	68.11	66.07	60.07	53.79
Inventory Days	86.22	129.21	131.65	124.71	155.24	147.84	135.75	142.71	137.14
Payable days	79.6	126.29	111.63	116.21	131.55	102.55	114.01	124.25	110.52
PER(x)	15.98	16.27	18.39	16.88	11.1	7.45	10.43	11.27	21.88
Price/Book(x)	3.04	1.58	2.36	2.6	2.06	0.88	1.19	1.39	1.51
Dividend Yield(%)	0.36	0.64	0.38	0.29	0.3	1.92	0.42	0.49	0.64
EV/Net Sales(x)	1.23	0.85	1.33	1.41	1.39	0.56	0.7	0.81	0.85
EV/Core EBITDA(x)	10.65	9.04	11.21	10.04	8.83	4.8	6.2	7.04	12.36
Net Sales Growth(%)	266.02	2.39	0.6	7.95	11.21	14.22	4.18	5.9	19.77
EBIT Growth(%)	257.38	-21.4	33.97	31.13	25.53	-20.14	-6.1	17.32	-34.27
PAT Growth(%)	162.21	-27.82	50.06	41.37	45.77	-29.71	9.14	14.4	-41.16
EPS Growth(%)	162.2	-33.56	50.82	41.19	45.7	-29.23	8.04	19.83	-41.16
Debt/Equity(x)	1.11	0.51	0.51	0.21	0.46	0.26	0.12	0.06	0.17
Current Ratio(x)	1.19	1.42	1.46	1.69	1.58	1.81	1.86	1.97	1.62
Quick Ratio(x)	0.49	0.68	0.59	0.73	0.53	0.85	0.73	0.73	0.49
Interest Cover(x)	2.93	2.94	5.05	8.42	11.05	5.62	18.97	22.31	7.23
Total Debt/Mcap(x)	0.37	0.32	0.22	0.08	0.22	0.29	0.1	0.04	0.12

Insecticides India Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	72.16	72.16	72.16	72.16	72.16	72.16	72.16	72.16	72.16	72.16
FII	5.29	5.42	6.66	6.32	6.27	6.46	6.02	5.19	4.42	4.32
DII	8.79	8.91	10.98	10.94	10.94	10.77	10.53	9.36	9.12	9.14
Public	13.77	13.51	10.2	10.58	10.63	10.62	11.3	13.3	14.31	14.39
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	1.42	1.42	1.42	1.42	2.14	2.14	2.14	2.14	2.14	2.14
FII	0.1	0.11	0.13	0.12	0.19	0.19	0.18	0.15	0.13	0.13
DII	0.17	0.18	0.22	0.22	0.32	0.32	0.31	0.28	0.27	0.27
Public	0.27	0.27	0.2	0.21	0.31	0.31	0.33	0.39	0.42	0.43
Others	0	0	0	0	0	0	0	0	0	0
Total	1.97	1.97	1.97	1.97	2.96	2.96	2.96	2.96	2.96	2.96

Pros

Debtor days have improved from 124.25 to 110.52days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.
The company has delivered a poor profit growth of -5% over past five 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.

Insecticides India News

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Insecticides India

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Insecticides India Research see more...

Overview Inc. Year: 1996Industry: Pesticides & Agrochemicals

Insecticides India Share Price

Alert Data

Quarterly Price

Peer Comparison

Insecticides India Quarterly Results

Insecticides India Profit & Loss

Growth Rates

Insecticides India Balance Sheet

Insecticides India Cash Flow

Insecticides India Ratios

Insecticides India Shareholding Pattern

Insecticides India News

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