226.6100 -5.32 (-2.29%)
NSE Sep 22, 2025 14:52 PM
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India Pesticides Ltd.
22 Jun 2021, 12:00AM
226.61
-2.29%
Prabhudas Lilladhar
We recommend subscribe to India Pesticides Limited (IPL), a niche play in manufacturing of pesticides technical (79% of rev) and formulation (21%). Our positive stance emanates from 1) it is the sole manufacturer of 5 technical in India and leading manufacturer of certain molecules like Captan, Folpet and Thiocarbamate herbicide and 2) none of its technical molecules are classified under Red triangle. IPL reported a topline/EBITDA/PAT CAGR of 38%/67%/75% over FY19-21. we expect growth momentum to sustain led by 1) 6-8 molecules to be commercialized at its new 10000 MTPA capacity...
India Pesticides Ltd. has gained 63.59% in the last 6 Months
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