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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Insecticides India Ltd

About the Company - Insecticides India Ltd

Insecticides (India) Ltd. is a Public Limited Listed company incorporated on 18/12/1996 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L65991DL1996PLC083909 and registration number is 083909. Currently Company is involved in the business activities of Manufacture of pesticides and other agrochemical products. Company’s Total Operating Revenue is Rs. 1503.96 Cr. and Equity Capital is Rs. 19.73 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/Pesticides401-402, Lusa Tower, Azadpur Commercial Complex, Delhi Delhi 110033investor@insecticidesindia.com
http://www.insecticidesindia.com
Management
NamePosition Held
Mr. Hari Chand AggarwalChairman & Wholetime Director
Mr. Rajesh Kumar AggarwalManaging Director
Mr. Nikunj AggarwalWhole Time Director
Mr. Virjesh Kumar GuptaIndependent Director
Mr. S JayaramanIndependent Director
Ms. Praveen GuptaIndependent Director
Mr. Navin ShahIndependent Director
Mr. Anil Kumar GoyalWhole Time Director
Mr. Anil Kumar BhatiaIndependent Director

Insecticides (India) Ltd. Share Price Update

Share PriceValue
Today₹546.35
Previous Day₹541.95

Basic Stock Data of Insecticides India Ltd

Market Cap 1,597 Cr.
Current Price 540
High / Low727/410
Stock P/E24.4
Book Value 337
Dividend Yield0.56 %
ROCE9.72 %
ROE7.07 %
Face Value 10.0

Data Source: screener.in

Insecticides India Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales456299256468444314278561582357302640696
Expenses398284227415380295244502514333330594614
Operating Profit58152953641934586823-284682
OPM %13%5%11%11%14%6%12%10%12%7%-9%7%12%
Other Income5122-01200004-0
Interest1212221135433
Depreciation6666677766777
Profit before tax5582446561128516012-393972
Tax %25%26%8%25%25%25%20%25%25%25%26%26%26%
Net Profit41622354282238459-292953
EPS in Rs13.351.947.0811.7314.112.757.5612.8415.093.15-9.809.8117.99

Insecticides India Ltd Quarterly Chart

Insecticides India Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales4795668018929069941,0731,1941,3631,4201,5041,8011,994
Expenses4224987197818158809251,0061,2071,2681,3331,6791,871
Operating Profit56688211191114148188156153171122123
OPM %12%12%10%12%10%11%14%16%11%11%11%7%6%
Other Income-010004302-2314
Interest111727332620161524771315
Depreciation26714161617202425262627
Profit before tax4346496450821181531101191418485
Tax %23%24%18%15%21%28%29%20%22%22%24%25%
Net Profit3335405539598412286931076363
EPS in Rs11.5812.3914.0119.2412.6719.1627.0939.4927.7530.1436.1621.2821.15
Dividend Payout %10%11%10%0%11%7%5%3%10%4%6%14%

Insecticides India Ltd Profit & Loss Yearly Chart

Insecticides India Ltd Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:10%
TTM:12%
Compounded Profit Growth
10 Years:6%
5 Years:-6%
3 Years:-10%
TTM:-43%
Stock Price CAGR
10 Years:19%
5 Years:9%
3 Years:24%
1 Year:1%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:11%
Last Year:7%

Insecticides India Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital13131313212121212121203030
Reserves169200234279388444527641710798847886969
Borrowings15921125832220623711430519110054163183
Other Liabilities180209287308322277338388372505473615546
Total Liabilities5206327919219369781,0001,3551,2931,4241,3941,6941,727
Fixed Assets51140170205194185232240239239253262298
CWIP9245543851581719395991123124
Investments001111111116121012131517
Other Assets3774475566676807257351,0841,0041,1151,0371,2931,288
Total Assets5206327919219369781,0001,3551,2931,4241,3941,6941,727

Insecticides India Ltd Reserves and Borrowings Chart

Insecticides India Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -36-138-6854182-133242155135-11
Cash from Investing Activity -55-46-57-33-19-14-26-49-24-1139-87
Cash from Financing Activity 105352336-639-143172-159-104-11580
Net Cash Flow14-134-23-013-1159-6130-18

Insecticides India Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days687558688478807586657060
Inventory Days234221189220190232214355202248228247
Days Payable14012812411811410812814196136117128
Cash Conversion Cycle163168124170159201166289192177181178
Working Capital Days116147115138137155126206147132123124
ROCE %20%16%16%17%12%16%20%21%14%15%16%10%

Insecticides India Ltd Financial Efficiency Indicators Chart

Insecticides India Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters68.89%68.89%72.16%72.16%72.16%72.16%72.16%72.16%72.16%72.16%72.16%72.16%
FIIs4.34%4.74%4.87%5.06%5.29%5.42%6.66%6.32%6.27%6.46%6.02%5.19%
DIIs11.95%9.88%9.73%9.56%8.79%8.91%10.98%10.94%10.94%10.77%10.53%9.36%
Public14.82%16.49%13.24%13.22%13.77%13.51%10.20%10.58%10.64%10.62%11.30%13.31%
No. of Shareholders17,94316,32815,88315,97715,99915,40114,23320,22319,18916,35518,01218,868

Insecticides India Ltd Shareholding Pattern Chart

No. of Insecticides India Ltd Shareholders

Insecticides India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
HDFC Small Cap Fund - Regular Plan25968000.58133.42
HDFC Retirement Savings Fund - Hybrid Debt - Regular Plan42000.140.22

Insecticides India Ltd ROCE Trend

Insecticides India Ltd EPS Trend

Insecticides India Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)21.3654.1745.4342.0559.42
Diluted EPS (Rs.)21.3654.1745.4342.0559.42
Cash EPS (Rs.)30.1067.5957.1453.2868.75
Book Value[Excl.RevalReserv]/Share (Rs.)310.26440.71396.93354.04320.31
Book Value[Incl.RevalReserv]/Share (Rs.)310.26440.71396.93354.04320.31
Revenue From Operations / Share (Rs.)608.60762.20687.17659.59576.72
PBDIT / Share (Rs.)41.6188.1677.4476.6590.92
PBIT / Share (Rs.)32.7974.8065.5165.0081.40
PBT / Share (Rs.)28.2471.4457.5953.4574.03
Net Profit / Share (Rs.)21.2854.2445.2141.6359.23
NP After MI And SOA / Share (Rs.)21.3654.4445.4342.0559.42
PBDIT Margin (%)6.8311.5611.2611.6215.76
PBIT Margin (%)5.389.819.539.8514.11
PBT Margin (%)4.649.378.388.1012.83
Net Profit Margin (%)3.497.116.576.3110.26
NP After MI And SOA Margin (%)3.507.146.616.3710.30
Return on Networth / Equity (%)6.8812.3511.4411.8718.55
Return on Capital Employeed (%)10.3516.6116.0917.7924.66
Return On Assets (%)3.727.696.586.719.06
Total Debt / Equity (X)0.170.050.110.250.44
Asset Turnover Ratio (%)1.161.071.041.031.01
Current Ratio (X)1.621.971.861.811.58
Quick Ratio (X)0.480.730.720.850.53
Inventory Turnover Ratio (X)1.881.611.771.291.85
Dividend Payout Ratio (NP) (%)23.410.004.4014.263.36
Dividend Payout Ratio (CP) (%)16.560.003.4811.172.90
Earning Retention Ratio (%)76.590.0095.6085.7496.64
Cash Earning Retention Ratio (%)83.440.0096.5288.8397.10
Interest Coverage Ratio (X)9.1626.2224.066.6312.34
Interest Coverage Ratio (Post Tax) (X)5.6817.1316.514.609.04
Enterprise Value (Cr.)1522.181224.20990.06758.341649.98
EV / Net Operating Revenue (X)0.840.810.690.551.38
EV / EBITDA (X)12.367.046.194.798.78
MarketCap / Net Operating Revenue (X)0.760.800.680.471.14
Retention Ratios (%)76.580.0095.5985.7396.63
Price / BV (X)1.511.391.190.882.06
Price / Net Operating Revenue (X)0.760.800.680.471.14
EarningsYield0.040.080.090.130.09

Insecticides India Ltd Profitability Ratios (%)

Insecticides India Ltd Liquidity Ratios

Insecticides India Ltd Liquidity Ratios (%)

Insecticides India Ltd Interest Coverage Ratios (%)

Insecticides India Ltd Valuation Ratios

Fair Value of Insecticides India Ltd Stock

Fair Value: ₹584.61

The stock is undervalued by 8.26% compared to the current price ₹540

*Investments are subject to market risks

Strength and Weakness of Insecticides India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.08%, which is a positive sign.
  2. The company has higher reserves (545.54 cr) compared to borrowings (192.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (357.31 cr) and profit (88.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 63.90 and average Dividend Yield of 9.74%.
  2. The stock has a high average Working Capital Days of 138.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 180.67, which may not be favorable.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Insecticides India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE