Hold Insecticides India; target of Rs 920: Prabhudas Lilladher
Prabhudas Lilladher recommended hold rating on Insecticides India with a target price of Rs 920 in its research report dated August 17, 2022.19-08-2022
19-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Newspaper advertisement of Extract of Unaudited Financial Results for the Quarter ended June 30, 2022.17-08-2022
Q1FY23 Quarterly Result Announced for Insecticides (India) Ltd.
Agrochemicals firm Insecticides (India) announced Q1FY23 Result : Revenue from Operations has grown by 19.74% from Rs.4,682.61 Mn in Q1 FY22 to Rs.5,606.90 Mn in Q1 FY23 due to increased traction in Maharatna segment business & growth of the B2C & B2B business. The EBITDA increased by 10.12% from Rs.530.82 Mn in Q1 FY22 to Rs.584.53 Mn in Q1 FY23 mainly driven by increased share of premium products in product portfolio and higher sales of products launched in FY22 like Hachiman, Oxim and Shinwa which grew by ~3x in Q1 FY23. EBITDA margins decreased marginally to 10.43% in Q1 FY23 from 11.34% in Q1 FY22 mainly on account of industry headwinds of rising raw material and energy costs. The company also made a M2M provision of ~INR 6.5cr to account for the Forex fluctuations on raw material purchases during the quarter. PAT increased by 9.58% from Rs.349.60 Mn in Q1 FY22 to Rs.383.08 Mn in Q1 FY23. PAT margins marginally declined to 6.83% in Q1 FY23 from 7.47% in Q1 FY22. Commenting on the performance of Q1 FY23, Mr. Rajesh Aggarwal, Managing Director, said: “We are very happy to share that we have had an extremely successful quarter both in terms of financial performance and market acceptance of our newly launched products in last fiscal year. We are glad to see that our Research and development initiatives are being recognized as successful innovations in the form of several patents being granted recently. We are also extremely proud to share that our testing facility at Chopanki, Rajasthan has been awarded the coveted GLP certification recently." Result PDF16-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Announcement under Regulation 30 (LODR)-Investor Presentation
Q1FY2023 Earning Presentation on the First Quarter ended Financial Results of the Company16-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that our Company's Earning Conference call to be held on Wednesday, August 17, 2022 from 16:00 IST to discuss the Company's Q1FY23 Financial results16-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Board Meeting Intimation for Intimation Of Board Meeting For Consideration Of Proposal Relating To Issue Of Bonus Shares To The Equity Shareholders Of The Company
INSECTICIDES (INDIA) LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 20/08/2022 ,inter alia, to consider and approve This is to inform that a meeting of the Board of Directors of Insecticides (India) Limited will be held on Saturday, August 20, 2022 inter-alia to consider a proposal for issue of Bonus shares to the equity shareholders of the Company, subject to approval of shareholders12-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Outcome Of The Board Meeting
The Board of Directors inter-alia considered and approved the Un-Audited Standalone and Consolidated Financial Results of the Company for the First Quarter ended June 30, 2022 along with Limited Review Report12-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Board Meeting Intimation for Notice Of Board Meeting
INSECTICIDES (INDIA) LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/08/2022 ,inter alia, to consider and approve Un-audited Standalone and Consolidated financial results for the First Quarter ended June 30, 2022.01-08-2022
INSECTICIDES (INDIA) LTD. - 532851 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Publication of notice in newspapers for transfer of equity shares of the Company to the Investor Education and Protection Fund (''IEPF'').22-07-2022
INSECTICIDES (INDIA) LTD. - 532851 - Announcement under Regulation 30 (LODR)-Acquisition
Intimation of the Incorporation of Wholly Owned Subsidiary (WOS) of the Company.20-07-2022