Insecticides (India) Ltd. News and Updates

Name: Latest research reports of Insecticides (India) Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Insecticides (India) Ltd.
Rating: 5
Author: Prabhudas Lilladhar

Keep track of all breaking news on Insecticides (India) Ltd. from all sources in a single place.

Load latest

Insecticides (India) Ltd.

10 Nov 2020

748.00

-0.55%

Q2FY21 Result Update - An uneventful quarter - BUY

Buy: Insecticides (India) Ltd.

Target

Prabhudas Lilladhar

INST reported yet another quarter with subdued performance. Topline decline of 9% (PLe 8%) was due to adverse weather situation across various states leading to lower sprays and higher sales return. INST did a commendable job with ~28% decline in receivables due to focus on cash sales and quick collections. The management is hopeful of recovery 2H onwards driven by its pipeline of new launches and commencement of new capacities. We lower our EBITDA/APAT estimates by 2%/3% for each of FY22E and FY23E to factor...

Insecticides (India) Ltd. is trading below all available SMAs

Insecticides (India) Ltd.

09 Nov 2020

748.00

-0.55%

Insecticides India Q2 net falls 15 per cent to Rs 41.50 cr

Business Line

Agro-chemicals firm Insecticides India Ltd (IIL) on Monday reported a 15.11 per cent decline in consolidated net profit at Rs 41.50 crore for the seco

Insecticides (India).. has an average target of 952.00 from 2 brokers.

Insecticides (India) Ltd.

17 Aug 2020

748.00

-0.55%

Q1FY21 Result Update - Disappointing numbers - BUY

Buy: Insecticides (India) Ltd.

Target

Prabhudas Lilladhar

Insecticides India's sharp contraction of 690 bps in gross margin was driven by (a) raw material cost inflation (b) Scarcity in raw material supply of Maharatna products that deteriorated sales mix in favour of generic products (at 60% v/s 55% YoY) and (c) heightened competition in Nuvaan (to be banned on 31.12.20). The management expects margins to improve in Q2 as Maharatna sales are expected to pick up. FY21 looks like a challenging year for INST due to (a) significant reduction in sale of Thimet and Nuvan (FY20~Rs 1.7 bn; FY21E Rs 450 mn) (b) INST as well as its suppliers face pressure due to labour unavailability and logistics issues and (c) Challenges in the...

Insecticides (India) Ltd. has gained 26.60% in the last 6 Months

Insecticides (India) Ltd.

14 Aug 2020

748.00

-0.55%

Insecticides reports 33% decline in June-quarter profit to Rs 24 crore

Business Standard

Insecticides India Ltd on Friday reported a 33 per cent decline in its net profit at Rs 24.1 crore for the quarter ended June.

Insecticides (India) Ltd. has gained 26.60% in the last 6 Months

IIL Q1 net profit down to 24 crore

Business Line | 14 Aug 2020

Insecticides (India) Ltd.

07 Jul 2020

748.00

-0.55%

Insecticides dips on 20-cr fraud

Business Line

Shares of Insecticides India slipped 3.23 per cent at 416.40 on the BSE, after it informed the exchanges about 20-crore fraud. According to Insecti

Insecticides (India) Ltd. has gained 26.60% in the last 6 Months

Insecticides (India) Ltd.

26 Jun 2020

748.00

-0.55%

Buy Insecticides India: target of Rs 700: ICICI Securities

Moneycontrol

ICICI Securities is bullish on Insecticides India recommended buy rating on the stock with a target price of Rs 700 in its research report dated June 26, 2020.