India Pesticides IPO Reviews ( Subscribe )

General

Competitive advantages

  • Folpet, Thiocarbamate, and Herbicide Technicals are among the top 5 global players.
  • Product portfolio offers a variety of specialised goods.
  • Market presence on both the domestic and international levels.
  • Financial performance that has been consistent throughout time.
  • Research and development (R&D) capabilities are strong.

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    • India Pesticides Financial Information

    India Pesticides’ financial performance has been strong in recent years, as revenues and profitability have increased. From FY2019 to FY2021, revenue increased by 38 percent, from INR 346 crores to INR 655.4 crores. During the same time period, its EBITDA margins increased from 20.7 percent to 29.2 percent.

    Updates :- India Pesticides IPO Details, Date, Price

    Simultaneously, its net margins increased from 12.7 percent to 20.6 percent as comprehensive income tripled to 134.9 crore in FY2021. India Pesticides is a net debt-free company, which has contributed to increased profitability and margins.

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    In FY2021, India Pesticides’ earnings per share (EPS) were INR12.07. The price band of 290-296 per share in the offer values the company at a Price/Earnings (PE ratio) of 24.0 – 24.5. When compared to competitors, this is quite reasonably priced.

    Updates :- India Pesticides IPO GMP / Grey market premium

    Financial Performance (in crore)

    FY2019 FY2020 FY2021
    Revenue 346.0 489.7 655.4
    Expenses 284.9 396.4 475.4
    Comprehensive income 43.9 70.6 134.9
    Margin (%) 12.7 14.4 20.6

    Conclusion

    Because the overall appearance is excellent, we have assigned a Subscribe rating for Short/Long term based on financial and growth performance.