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Insecticides (India) zooms on getting patent for Substituted Pyrazole Derivatives and Insecticides and Fungicides Insecticides (India) is currently trading at Rs. 463.55, up by 13.00 points or 2.89% from its previous closing of Rs. 450.55 on the BSE. The scrip opened at Rs. 480.95 and has touched a high and low of Rs. 480.95 and Rs. 456.85 respectively. So far 6013 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 789.00 on 30-Nov-2022 and a 52 week low of Rs. 420.00 on 02-Mar-2023. Last one week high and low of the scrip st...
Insecticides (India) zooms on getting patent for Substituted Pyrazole Derivatives and Insecticides and Fungicides
Insecticides (India) zooms on getting patent for Substituted Pyrazole Derivatives and Insecticides and Fungicides
Source: Accord Fintech
7/06/2023 3:37:38 PM
Add Insecticides India Ltd For Target Rs. 640 - ICICI Securities Commencement of new units in Q4FY23 and FY24 to result in portfolio premiumization Insecticides India reported strong set of numbers in Q3FY23 led by (1) 53% growth in B2C sales and 30% higher revenues of Maharatna products, (2) higher B2C sales and Maharatna revenues led to gross and EBITDA margin expansion of 40bps and 60bps, respectively YoY and (3) the company is on track to commence the new production units at Rajasthan and Gujarat in Q4FY23. However, we note with capex of Rs1.6bn in ...
Add Insecticides India Ltd For Target Rs. 640 - ICICI Securities
Add Insecticides India Ltd For Target Rs. 640 - ICICI Securities
Source: ICICI Securities Ltd
16/02/2023 12:52:14 PM
Budget should allocate funds on R&D to develop pesticides, organic manure The Union budget to be presented by Finance Minister Nirmala Sitharaman on February 1 should look forward to allocating funds on research and development (R&D), said a top official of Insecticides India Limited. "The upcoming budget should look forward to allocate funds on research and development activities to develop new more effective and safer solutions for the control of pests, diseases and weeds for chemical and as well as biological streams," said Rajesh Aggarwal, Mana...
Budget should allocate funds on R&D to develop pesticides, organic manure
Budget should allocate funds on R&D to develop pesticides, organic manure
Source: IANS
26/01/2023 9:03:55 AM
Add Insecticides India Ltd For Target Rs.785 - ICICI Securities New business segments, R&D investments to be key growth drivers Insecticides India has reported robust revenue growth of 31.1% YoY in Q2FY23, led by strong growth in branded products, rising acceptance of new products and market share gains. Higher input material prices and adverse forex fluctuations impacted EBITDA margin of the company in Q2FY23. The company continues to incur capex for expanding capacities at its Dahej (in Gujarat) and Chopanki (in Rajasthan) facilities. We believe ...
Add Insecticides India Ltd For Target Rs.785 - ICICI Securities
Add Insecticides India Ltd For Target Rs.785 - ICICI Securities
Source: ICICI Securities Ltd
19/11/2022 10:57:05 AM
Insecticides (India) zooms on getting patent for `Novel Fungicidal Carbamate Compounds` Insecticides (India) is currently trading at Rs. 891.10, up by 16.90 points or 1.93% from its previous closing of Rs. 874.20 on the BSE. The scrip opened at Rs. 866.05 and has touched a high and low of Rs. 899.45 and Rs. 866.05 respectively. So far 2363 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 920.45 on 08-Jul-2022 and a 52 week low of Rs. 582.70 on 24-Feb-2022. Last one week high and low of the scrip st...
Insecticides (India) zooms on getting patent for `Novel Fungicidal Carbamate Compounds`
Insecticides (India) zooms on getting patent for `Novel Fungicidal Carbamate Compounds`
Source: Accord Fintech
11/07/2022 12:45:29 PM
Insecticides (India) gains on getting patent for ‘Novel Dithiolane Compound or a Salt or An N-Oxide and use thereof’ Insecticides (India) is currently trading at Rs. 734.40, up by 4.00 points or 0.55% from its previous closing of Rs. 730.40 on the BSE. The scrip opened at Rs. 743.50 and has touched a high and low of Rs. 760.50 and Rs. 725.30 respectively. So far 4144 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 846.00 on 04-Aug-2021 and a 52 week low of Rs. 460.00 on 30-Apr-2021. Last one week high and low of the scrip sto...
Insecticides (India) gains on getting patent for ‘Novel Dithiolane Compound or a Salt or An N-Oxide and use thereof’
Insecticides (India) gains on getting patent for ‘Novel Dithiolane Compound or a Salt or An N-Oxide and use thereof’
Source: Accord Fintech
22/04/2022 3:00:27 PM
Add Insecticides India Ltd For Target Rs.710 - ICICI Securities Higher profitability despite input inflation Takeaways from Insecticides India’s Q2FY22: (1) revenue declined 2.6% YoY; EBITDA and adj. PAT grew 11.1% and 0.9% YoY, respectively, (2) working capital investments increased due to higher inventory and debtor levels and (3) EBITDA margin was up 179bps YoY in-spite of higher input prices. The company received a patent for an herbicide formulation for 20 years. We remain positive on Insecticides due to (1) focus on increasing farmers&rsquo...
Add Insecticides India Ltd For Target Rs.710 - ICICI Securities
Add Insecticides India Ltd For Target Rs.710 - ICICI Securities
Source: ICICI Securities Ltd
24/12/2021 9:18:43 AM
Add Insecticides India Ltd For Target Rs. 800 - ICICI Securities Revenue mix improvement expands margins Takeaways from Insecticides India’s Q4FY21: (1) 25.2% increase in Institutional sales and 18.7% increase in other branded sales resulted in revenue growth of 7.1%, YoY. However, branded product sales grew just 3.3%, (2) Insecticides has reduced net working capital days to 131 now vs 147 at FY20-end. The company has also reduced its debt with improvement in cash collections and (3) EBITDA margin improved 1,230bps YoY due to better product mix. W...
Add Insecticides India Ltd For Target Rs. 800 - ICICI Securities
Add Insecticides India Ltd For Target Rs. 800 - ICICI Securities
Source: ICICI Securities
17/07/2021 10:27:24 AM
Insecticides India's FY21 net profit up 8.6% Agrochemical major Insecticides (India) Limited on Friday reported an 8.6 per cent growth in its net profit for the financial year 2020-21 at Rs 93 crore. Its revenue from operations during the fiscal was Rs 1,420 crore, with a growth of 4.2 per cent on a year-on-year basis. The net profit for January-March stood at Rs 22 crore. Rajesh Agarwal, Managing Director, Insecticides (India), said: "In Q4 FY2021, IIL delivered a strong rebound in sales and profitability, both on sequent...
Insecticides India's FY21 net profit up 8.6%
Insecticides India's FY21 net profit up 8.6%
Source: IANS
19/06/2021 9:13:43 AM
Add Insecticides India Ltd For Target Rs.521 - ICICI Securities Revenue mix deterioration impacts margins Takeaways from Insecticides India’s Q3FY21: (1) 58% increase in Institutional sales resulted in revenue growth of 13.8%. However, branded product sales grew just 4%, (2) Insecticides has reduced net working capital days to ~115 now vs 184 at FY20-end. The company has also repaid its entire debt with better cash collections and (3) EBITDA margin declined 750bps YoY due to inferior product mix and negative operating leverage. We remain positiv...
Add Insecticides India Ltd For Target Rs.521 - ICICI Securities
Add Insecticides India Ltd For Target Rs.521 - ICICI Securities
Source: ICICI Securities Ltd
3/03/2021 11:50:41 AM
Buy Insecticides India Ltd For Target Rs.535 - ICICI Securities Higher focus on cash collection Three takeaways from Insecticides India’s Q2FY21 earnings: (1) Uneven rainfall and less pest infestation resulted in revenue decline of 9.4%. Branded products revenue declined 15%. Higher focus on cash collections also impacted revenue growth, (2) company has reduced net working capital days to 115 at H1FY21-end vs 184 at FY20-end. The company has also repaid its entire debt with better cash collections and (3) EBITDA margin declined 170bps YoY due to...
Buy Insecticides India Ltd For Target Rs.535 - ICICI Securities
Buy Insecticides India Ltd For Target Rs.535 - ICICI Securities
Source: ICICI Securities Ltd
21/01/2021 9:58:55 AM