Credit rating agency CRISIL Research has maintained fundamental grade of 3/5 to Insecticides India. The rating agency has also maintained valuation grade is 5/5 to the company. The company has received the said grade on the back of its strong top-line growth. The company’s revenues grew 32.8 percent y-o-y primarily led by volume growth. Revenues from the formulations segment (92 percent of revenues) grew 40 percent y-o-y, while the technicals segment’s revenues grew 19 percent.
Insecticides India is a leading agro-chemical and pesticides manufacturer. It has entered into technical collaboration with global giants AMVAC, USA for THIMET, which is India's most popular generic pesticide. It has production units in Rajasthan and Jammu & Kashmir.
