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India Pesticides Ltd - A company which has performed well in the generic agrochemical space:
CMP: ₹ 217
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CMP: ₹ 217
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1. COMPANY OVERVIEW:
India Pesticides Ltd was incorporated in 1984. The company is into agrochemical technicals and formulations and is among the top five manufacturers for few of their herbicide and fungicide products.
India Pesticides Ltd was incorporated in 1984. The company is into agrochemical technicals and formulations and is among the top five manufacturers for few of their herbicide and fungicide products.
The company also manufactures some active pharmaceutical ingredients for the pharma industry.
2. BUSINESS VERTICALS:
The company has 2 main business divisions which are:
A) Pesticides
B) Bulk Drugs
2. BUSINESS VERTICALS:
The company has 2 main business divisions which are:
A) Pesticides
B) Bulk Drugs
Key highlights from #IndiaPesticides Q2FY23 concall 🧪🧪
CMP - ₹259
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CMP - ₹259
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-The reasons for drop in gross margins has been the carry over of high-cost inventory and the increase in operating and fuel cost. The company plans to utilize and sell it’s entire inventory in this quarter itself. The company expects it’s gross margins to stabilize at 50% in the
next 2-3 quarters which was 48.5% in the 1st quarter and 43% in the current quarter. The company does not expect further deterioration in their GM post the 43% level
#Indiapesticides Q3 2022 Concall Highlights
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Operational Highlights
1. Revenues stood at ₹191.4 Cr in Q3FY22 from ₹183 Cr in Q3FY21 translating a growth of 4.6%
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Operational Highlights
1. Revenues stood at ₹191.4 Cr in Q3FY22 from ₹183 Cr in Q3FY21 translating a growth of 4.6%
2. EBITDA stood at ₹62.6 Cr with EBITDA margins at 31.5%
3. PAT stood at ₹43.4 Cr with PAT margins at 22.6%
4. 9MFY22 revenue split stood- Technicals + API: 72%, Formulations: 28%
3. PAT stood at ₹43.4 Cr with PAT margins at 22.6%
4. 9MFY22 revenue split stood- Technicals + API: 72%, Formulations: 28%
5. Profitability growth momentum continued backed by efficient business operations and unique product offerings.
6. During the quarter, launched one product which received overwhelming response
6. During the quarter, launched one product which received overwhelming response
