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