Insecticides (India) Ltd - Stock Valuation and Financial Performance

BSE: 532851 | NSE: INSECTICID | Pesticides & Agrochemicals | Small Cap

Insecticides India Share Price

469.55 -7.15 -1.50%
as on 19-Mar'24 16:59

DeciZen - make an informed investing decision on Insecticides India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat Undervalued

3. Price Trend

Insecticides (India) stock performance -

mw4me loader
P/E Ratio (SA):
21.53
Market Cap:
1,410.9 Cr.
52-wk low:
410.2
52-wk high:
718

Is Insecticides (India) Ltd an attractive stock to invest in?

1. Is Insecticides (India) Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Insecticides (India) Ltd is a below average quality company.

2. Is Insecticides (India) Ltd undervalued or overvalued?

The key valuation ratios of Insecticides (India) Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

3. Is Insecticides (India) Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Insecticides (India) Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Insecticides India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Insecticides (India) Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 12.7%14%9.4%10.6%14.1%16.7%11.3%11.1%12.2%8.1%-
Value Creation
Index
-0.10-0.3-0.30.00.2-0.2-0.2-0.1-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8649649889941,0731,1941,3631,4201,5041,8011,996
Sales YoY Gr.-11.6%2.5%0.6%8%11.2%14.2%4.2%5.9%19.8%-
Adj EPS 1419.312.717.827.540.52931.436.123.922.1
YoY Gr.-37.3%-33.9%40.1%54.1%47.3%-28.5%8.6%14.7%-33.7%-
BVPS (₹) 84.2101.4131.5149.9176.6213.3235.6264293309.4341.4
Adj Net
Profit
40.15539.555.385.212689.897.410770.866
Cash Flow from Ops. 37.7-5.784.54182-133242155135-10.6-
Debt/CF from Ops. 6.9-56.12.4590.6-2.30.80.60.4-15-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 8.5%10.9%9.7%19.8%
Adj EPS 6.1%-2.7%-6.2%-33.7%
BVPS15.6%11.9%9.5%5.6%
Share Price 16.6% 1.7% 17.6% 2.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
17.520.511.312.716.820.812.912.612.77.96.8
Op. Profit
Mgn %
9.511.59.311.213.916.111.810.811.47.46.3
Net Profit
Mgn %
4.65.745.67.910.56.66.97.13.93.3
Debt to
Equity
1.11.10.50.50.20.50.30.10.10.2-
Working Cap
Days
194212231238221258249232232214132
Cash Conv.
Cycle
809510611910114412211610911154

Recent Performance Summary

Sales growth is good in last 4 quarters at 10.67%

Return on Equity has declined versus last 3 years average to 6.80%

Sales growth has been subdued in last 3 years 9.73%

Net Profit has been subdued in last 3 years -6.16%

Latest Financials - Insecticides (India) Ltd.

Standalone Consolidated
TTM EPS (₹) 22.1 22.1
TTM Sales (₹ Cr.) 1,996 1,996
BVPS (₹.) 341.4 342.3
Reserves (₹ Cr.) 981 984
P/BV 1.40 1.39
PE 21.53 21.61
From the Market
52 Week Low / High (₹) 410.20 / 718.00
All Time Low / High (₹) 11.76 / 789.00
Market Cap (₹ Cr.) 1,411
Equity (₹ Cr.) 29.6
Face Value (₹) 10
Industry PE 33.2

Management X-Ray of Insecticides India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Insecticides India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales8649649889941,0731,1941,3631,4201,5041,801
Operating Expenses 7828538978839251,0061,2071,2681,3341,679
Manufacturing Costs909392129130163144170188218
Material Costs5375846096706947269379741,0071,275
Employee Cost 29344046516575778798
Other Costs 12614215639505252475288
Operating Profit 8211191111148187156152170122
Operating Profit Margin (%) 9.5%11.5%9.2%11.2%13.8%15.7%11.4%10.7%11.3%6.8%
Other Income 0017313841
Interest 273326201615247713
Depreciation 7141616172024252626
Exceptional Items 0000000-1000
Profit Before Tax 4964508211815311011914184
Tax 991123343124263421
Profit After Tax 4055395984122869310763
PAT Margin (%) 4.6%5.7%4.0%6.0%7.8%10.3%6.3%6.6%7.1%3.5%
Adjusted EPS (₹)14.019.212.719.227.139.527.830.136.221.3
Dividend Payout Ratio (%)10%6%11%7%5%3%14%4%6%14%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 247291409465548661730818867916
Share Capital 13132121212121212030
Reserves 234279388444527641710798847886
Minority Interest0000000000
Debt2432951802211052961859447157
Long Term Debt30542815812222
Short Term Debt212241152206972951839246155
Trade Payables204210211199243280247362324448
Others Liabilities 99125137111129150153181191194
Total Liabilities 7919219369951,0251,3881,3161,4561,4301,715

Fixed Assets

Gross Block189238242200264292314337370402
Accumulated Depreciation1934491633527598117140
Net Fixed Assets170205194185232240239239253262
CWIP 543851581719395991123
Investments 11111111161210121315
Inventories312391351426407705519661630862
Trade Receivables128167208212235244320255289296
Cash Equivalents 979920974833619
Others Assets1081031139599158114148117137
Total Assets 7919219369951,0251,3881,3161,4561,4301,715

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 38-6854182-133242155135-11
PBT 4964508211815311011914184
Adjustment 22383738323848303638
Changes in Working Capital -25-10012-9958-29211534-2-101
Tax Paid -8-7-13-17-26-32-32-27-41-31
Cash Flow From Investing Activity -57-33-19-14-26-49-24-1139-87
Capex -46-33-19-14-28-37-28-48-67-86
Net Investments -1100020-6-70760
Others 00000-121051-1
Cash Flow From Financing Activity 2336-639-143172-159-104-11580
Net Proceeds from Shares 00810000000
Net Proceeds from Borrowing 000-24-13-7-61-10
Interest Paid -16-24-21-21-16-14-25-7-7-13
Dividend Paid -4-4-90-4-4-12-40-15
Others 4364-11454-110197-116-94-107108
Net Cash Flow 4-23013-1159-6130-18
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)17.8420.7111.2713.6216.5920.2512.3712.0712.77.07
ROCE (%)16.4817.5512.3815.5519.6620.6614.2613.7216.129.75
Asset Turnover Ratio1.31.21.131.111.211.081.121.151.141.26
PAT to CFO Conversion(x)0.95-0.112.180.072.17-1.092.811.671.26-0.17
Working Capital Days
Receivable Days48526571676768666054
Inventory Days106124129132125155148136143137
Payable Days114129126112116132103114124111

Insecticides (India) Ltd Stock News

Insecticides (India) Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Insecticides India on 19-Mar-2024 16:59 is ₹469.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 19-Mar-2024 16:59 the market cap of Insecticides India stood at ₹1,410.9.
The latest P/E ratio of Insecticides India as of 19-Mar-2024 16:59 is 21.53.
The latest P/B ratio of Insecticides India as of 19-Mar-2024 16:59 is 1.40.
The 52-week high of Insecticides India is ₹718.0 and the 52-week low is ₹410.2.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Insecticides India is ₹1,996 ( Cr.) .

About Insecticides (India) Ltd

Insecticides (IIL) Company was originally incorporated as Insecticides (India) Private Limited vide on December 18, 1996 under the Companies Act 1956 with the Registrar of Companies NCT of Delhi & Haryana. The company was converted into Public Limited Company on October 29, 2001,

Insecticides (India) has spearheaded the endeavor to bring home world-class quality new generation products through latest technological developments. IIL has entered into technical collaboration with global giants AMVAC, USA for THIMET, which is India's most popular generic pesticide. Thimet, being the first choice of Indian farmers has helped the company in further strengthening its base at the grass root level.

Lap after lap, in this marathon success story, they have weakened the competition to become India’s leading agro-chemical and pesticides manufacturer. The company will soon be starting pesticide-synthesis at Bhiwadi plant. This will help the company in bringing out new products at more competitive prices. Its vision and efforts have ushered in a new era of success and helped IIL to emerge as a formidable player in the Indian agro-chemicals sector. IIL has established a dedicated R&D Center, which is recognized by Department of Scientific & Industrial Research, Ministry of Science and Technology. It focuses on manufacturing high value added, complex new molecules for introduction in the generic market. Though immense efforts have been made, they have far to go. At IIL R&D, they approach each challenge armed with their knowledge of Agri-science & motivated by their commitment to increase crop yield per acre of land.They have taken big steps towards capitalizing on the revolution in crop protection, which is an integral part of holistic crop management.

IIL R&D centre has augmented its infrastructure with sophisticated instruments like HPLC, GLC, AAS, UV and Infrared Spectrophotometer that are used for standardization of manufacturing processes. For production of a wide range of agro-chemicals and pesticides, IIL has set production units at Rajasthan and J&K . These state-of-the-art production facilities offer an integrated environment to ensure optimum performance levels and facilitate production of high quality liquid, granule and powder formulations.

Product range of the company includes:

  Crop:

  • Lethal
  • Thimet
  • Lethal super
  • Victor
  • Sharp
  • Kaiser
  • Himil
  • Milstim

Urban pest:

  • Lethal Woodcare
  • Lethal Mosquito coils
  • Lethal Vaporizer
  • Lethal Line

Achievements/ recognition:

  • ISO 14001:2004 certification.
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