Insecticides (India) Ltd. share price target

FY16 has been challenging for Insecticides India, as two consecutive years of rain deficit led to lower use of agrochemicals. Hence, EBITDA declined 18% YoY to Rs 911mn and PAT fell 28% to Rs 393mn.

Insecticides India Ltd., (IIL) reported mixed bagged 4QFY16 result with the sales at Rs 1.78bn an increase of 11%/15% YoY/QoQ respectively. The growth in sales was led by ~15% growth in branded product and...

Missed Q1 due to uncertain monsoon; maintain BUY Insecticides India Ltd., (IIL) reported 1QFY16 result with the sales stood at Rs 2.85bn an increase of 13.1%/77% YoY/QoQ...

Revenue growth of the company was below our expectations. This was mainly because of untimely rains in the month of March. Untimely rains, along with weak monsoons have adversely impacted the gross margins of the company by 590 basis points in Q4 of FY15 versus comparable period of previous year. We sustain our view on margin expansion with a downward bias. We expect Technical's to continue playing an important role in absolute revenue growth.

Insecticides India Ltd., (IIL) reported 4QFY15 result, the sales stood at Rs 1.6bn an increase of 19%/8% YoY/QoQ respectively led by 202% growth in technical segment and improvement in product mix...

We had Initiated Research Coverage on Insecticides India on 16th March, 2015 with a BUY Rating and a Price Target of Rs. 1073 for a Investment Horizon of 9-12 months. Post the Ex-date of Bonus issue of 1:2 (One Share for every two shares), the target stands changed accordingly to Rs. 716 per share (from the earlier target of Rs. 1073).

Insecticides India Ltd. (IIL) reported 3QFY15 result with a better EBITDA margin of 14% vs our expectation of 10.5%. Sales impacted mainly due to bad monsoon throughout pan India level (Rs 1490mn vs our expectation of...

We initiate a coverage on Insecticides India (IIL) with a BUY and a price target of Rs1,285 implying a 47% upside. IIL is into complete solution for crop protection with a presence in insecticides, herbicides, fungicides and technicals. The Company has ~120 brand...

We initiate a coverage on Insecticides India (IIL) with a BUY and a price target of Rs1,285 implying a 47% upside. IIL is into complete solution for crop protection with a presence in insecticides, herbicides, fungicides and technicals. The Company has ~120 brand...