Financials India Pesticides Limited

Equities

IPL

INE0D6701023

Agricultural Chemicals

Market Closed - NSE India S.E. Other stock markets 05:13:48 10/05/2024 pm IST			5-day change	1st Jan Change
214.6 ^INR	+2.80%		-6.31%	-41.06%

29/03	India Pesticides' Arm Begins Commercial Production at New Unit in Uttar Pradesh, India	MT
13/02	Transcript : India Pesticides Limited, Q3 2024 Earnings Call, Feb 13, 2024

Valuation

Fiscal Period: March	2022	2023	2024	2025	2026
Capitalization ¹	31,002	23,937	24,714	-	-
Enterprise Value (EV) ¹	31,002	23,937	24,714	24,714	24,714
P/E ratio	19.5 x	16.7 x	20.2 x	18.2 x	15.8 x
Yield	0.28%	0.36%	0.23%	0.28%	0.33%
Capitalization / Revenue	4.33 x	2.7 x	2.66 x	2.34 x	2.01 x
EV / Revenue	4.33 x	2.7 x	2.66 x	2.34 x	2.01 x
EV / EBITDA	14.5 x	12.2 x	13.9 x	12.2 x	10.4 x
EV / FCF	-500 x	-78.2 x	231 x	-650 x	399 x
FCF Yield	-0.2%	-1.28%	0.43%	-0.15%	0.25%
Price to Book	4.84 x	3.1 x	2.77 x	2.42 x	2.11 x
Nbr of stocks (in thousands)	1,15,164	1,15,164	1,15,164	-	-
Reference price ²	269.2	207.8	214.6	214.6	214.6
Announcement Date	28/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net sales ¹	-	7,161	8,849	9,277	10,552	12,280
EBITDA ¹	-	2,138	1,969	1,780	2,030	2,373
EBIT ¹	-	2,053	1,856	1,552	1,718	1,977
Operating Margin	-	28.66%	20.97%	16.73%	16.28%	16.1%
Earnings before Tax (EBT) ¹	-	2,116	1,916	1,621	1,810	2,093
Net income ¹	1,345	1,580	1,432	1,212	1,353	1,565
Net margin	-	22.06%	16.19%	13.06%	12.82%	12.74%
EPS ²	-	13.78	12.46	10.60	11.80	13.60
Free Cash Flow ¹	-	-62.03	-306.2	107	-38	62
FCF margin	-	-0.87%	-3.46%	1.15%	-0.36%	0.5%
FCF Conversion (EBITDA)	-	-	-	6.01%	-	2.61%
FCF Conversion (Net income)	-	-	-	8.83%	-	3.96%
Dividend per Share ²	-	0.7500	0.7500	0.5000	0.6000	0.7000
Announcement Date	25/05/21	28/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March	2024 Q1	2024 Q2
Net sales ¹	-	2,055
EBITDA ¹	-	244
EBIT	-	-
Operating Margin	-	-
Earnings before Tax (EBT) ¹	-	223
Net income ¹	154.5	167
Net margin	-	8.13%
EPS	1.350	-
Dividend per Share	-	-
Announcement Date	31/07/23	-

¹INR in Million

Estimates

Balance Sheet Analysis

Fiscal Period: March	2021	2022	2023	2024	2025	2026
Net Debt	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-
Free Cash Flow ¹	-	-62	-306	107	-38	62
ROE (net income / shareholders' equity)	-	30.7%	20.3%	14.6%	14.2%	14.3%
ROA (Net income/ Total Assets)	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-
Book Value Per Share ²	-	55.70	67.10	77.50	88.70	102.0
Cash Flow per Share	-	-	-	-	-	-
Capex ¹	-	820	760	1,200	1,200	1,200
Capex / Sales	-	11.45%	8.59%	12.94%	11.37%	9.77%
Announcement Date	25/05/21	28/05/22	30/05/23	-	-	-

¹INR in Million²INR

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for India Pesticides Limited

Trading Rating

Investor Rating

ESG Refinitiv

C-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

214.6 INR

Average target price

200 INR

Spread / Average Target

-6.80%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Agricultural Chemicals

	1st Jan change	Capi.
INDIA PESTICIDES LIMITED	-41.06%	296M
CORTEVA, INC.	+19.95%	40.06B
PHOSAGRO	-.--%	11.1B
FMC CORPORATION	+7.11%	8.43B
PI INDUSTRIES LIMITED	+1.35%	6.46B
ICL GROUP LTD	-3.19%	6.16B
OCI N.V.	-5.87%	5.61B
YUNNAN YUNTIANHUA CO., LTD.	+37.82%	5.46B
THE FERTILISERS AND CHEMICALS TRAVANCORE LIMITED	-18.11%	5.11B
UPL LIMITED	-14.56%	4.51B

Other Agricultural Chemicals