Financials India Pesticides Limited

Equities

IPL

INE0D6701023

Agricultural Chemicals

Delayed NSE India S.E. Other stock markets 03:02:03 2024-05-18 am EDT			5-day change	1st Jan Change
248.2 ^INR	+0.12%		+15.63%	-31.85%

Mar. 29	India Pesticides' Arm Begins Commercial Production at New Unit in Uttar Pradesh, India	MT
Feb. 13	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	28,578	-	-
Enterprise Value (EV) ¹	31,002	23,937	28,578	28,578	28,578
P/E ratio	19.5 x	16.7 x	23.4 x	21 x	18.2 x
Yield	0.28%	0.36%	0.2%	0.24%	0.28%
Capitalization / Revenue	4.33 x	2.7 x	3.08 x	2.71 x	2.33 x
EV / Revenue	4.33 x	2.7 x	3.08 x	2.71 x	2.33 x
EV / EBITDA	14.5 x	12.2 x	16.1 x	14.1 x	12 x
EV / FCF	-500 x	-78.2 x	267 x	-752 x	461 x
FCF Yield	-0.2%	-1.28%	0.37%	-0.13%	0.22%
Price to Book	4.84 x	3.1 x	3.2 x	2.8 x	2.44 x
Nbr of stocks (in thousands)	115,164	115,164	115,164	-	-
Reference price ²	269.2	207.8	248.2	248.2	248.2
Announcement Date	5/28/22	5/30/23	-	-	-

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	5/25/21	5/28/22	5/30/23	-	-	-

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	7/31/23	-

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	5/25/21	5/28/22	5/30/23	-	-	-

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

248.2 INR

Average target price

200 INR

Spread / Average Target

-19.40%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

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