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Summary
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Recent events
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News
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Corporate Actions
India Pesticides Says Income Tax Department Conducts Search At Co's Office
Dec 16 (Reuters) - India Pesticides Ltd IDIP.NS:
INCOME TAX DEPARTMENT CONDUCTS SEARCH AT INDIA PESTICIDES OFFICE
Source text: ID:nBSE7HJxsN
Further company coverage: IDIP.NS
(([email protected];;))
Dec 16 (Reuters) - India Pesticides Ltd IDIP.NS:
INCOME TAX DEPARTMENT CONDUCTS SEARCH AT INDIA PESTICIDES OFFICE
Source text: ID:nBSE7HJxsN
Further company coverage: IDIP.NS
(([email protected];;))
India Pesticides rises on Q2 profit jump
** Shares of India Pesticides IDIP.NS rise 3% to 210 rupees, their highest in over a month
** Agrochemical co reports a near 33% jump in Sept-qtr consol profit after tax at 259.1 million rupees ($3.1 million)while rev from ops rose 13%
** IDIP on track for fifth straight session of gains
** Busiest session in over two months; more than 925,000 shares change hands, about five times the 30-day avg
** Stock down ~42% so far this year
($1 = 84.3360 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
** Shares of India Pesticides IDIP.NS rise 3% to 210 rupees, their highest in over a month
** Agrochemical co reports a near 33% jump in Sept-qtr consol profit after tax at 259.1 million rupees ($3.1 million)while rev from ops rose 13%
** IDIP on track for fifth straight session of gains
** Busiest session in over two months; more than 925,000 shares change hands, about five times the 30-day avg
** Stock down ~42% so far this year
($1 = 84.3360 Indian rupees)
(Reporting by Dimpal Gulwani in Bengaluru)
India Pesticides Sept-Quarter Consol PAT 259.1 Mln Rupees
Nov 6 (Reuters) - India Pesticides Ltd IDIP.NS:
SEPT-QUARTER CONSOL PAT 259.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.29 BILLION RUPEES
Source text: ID:nBSE3hJyjv
Further company coverage: IDIP.NS
(([email protected];;))
Nov 6 (Reuters) - India Pesticides Ltd IDIP.NS:
SEPT-QUARTER CONSOL PAT 259.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 2.29 BILLION RUPEES
Source text: ID:nBSE3hJyjv
Further company coverage: IDIP.NS
(([email protected];;))
India Pesticides June-Quarter Consol PAT 194.8 Million Rupees
Aug 2 (Reuters) - India Pesticides Ltd IDIP.NS:
JUNE-QUARTER CONSOL PAT 194.8 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.2 BILLION RUPEES
Source text for Eikon: ID:nBSE5M1nMJ
Further company coverage: IDIP.NS
(([email protected];))
Aug 2 (Reuters) - India Pesticides Ltd IDIP.NS:
JUNE-QUARTER CONSOL PAT 194.8 MILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 2.2 BILLION RUPEES
Source text for Eikon: ID:nBSE5M1nMJ
Further company coverage: IDIP.NS
(([email protected];))
India Pesticides Says First Block Of Shalvis Specialities At Hamirpur Has Commenced Commercial Production
March 28 (Reuters) - India Pesticides Ltd IDIP.NS:
INDIA PESTICIDES - FIRST BLOCK OF UNIT SHALVIS SPECIALITIES AT HAMIRPUR HAS COMMENCED COMMERCIAL PRODUCTION EFFECTIVE MARCH 28
Source text for Eikon: ID:nBSE4KGfPR
Further company coverage: IDIP.NS
(([email protected];;))
March 28 (Reuters) - India Pesticides Ltd IDIP.NS:
INDIA PESTICIDES - FIRST BLOCK OF UNIT SHALVIS SPECIALITIES AT HAMIRPUR HAS COMMENCED COMMERCIAL PRODUCTION EFFECTIVE MARCH 28
Source text for Eikon: ID:nBSE4KGfPR
Further company coverage: IDIP.NS
(([email protected];;))
India Pesticides Got Technical Equivalence Certification From European Union For Herbicide Technical Product
Dec 20 (Reuters) - India Pesticides Ltd IDIP.NS:
GOT TECHNICAL EQUIVALENCE CERTIFICATION FROM EUROPEAN UNION FOR HERBICIDE TECHNICAL PRODUCT
Source text for Eikon: ID:nNSE1srlF2
Further company coverage: IDIP.NS
(([email protected];))
Dec 20 (Reuters) - India Pesticides Ltd IDIP.NS:
GOT TECHNICAL EQUIVALENCE CERTIFICATION FROM EUROPEAN UNION FOR HERBICIDE TECHNICAL PRODUCT
Source text for Eikon: ID:nNSE1srlF2
Further company coverage: IDIP.NS
(([email protected];))
Indian agro chemical firms to see two more challenging quarters - Kotak
** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said
** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking
** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage
** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024
** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago
** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit
(Reporting by Nallur Sethuraman in Bengaluru)
(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))
** Indian fertilizer and agro-chemicals companies will likely face challenges for two more quarters on destocking by customers, Kotak Institutional Equities analysts said
** Add volume growth will remain under pressure until (and including) Q1 calendar year 2024 on a yoy basis due to destocking
** Outlook for the winter-sown crop season is somewhat challenging in India, especially in the south, due to lower water levels - brokerage
** Says recovery after Q1 CY2024 is seen only as modest, and the recent softness in corn prices is a worry in terms of end-demand for CY2024
** Ten out of 20 companies in Kotak's coverage universe, including Best Agrolife BESA.NS, Bharat Rasayan BRSN.NS, Coromandel CORF.NS, India Pesticides IDIP.NS, Meghmani Organics MEGH.NS, Sumitomo SUMH.NS and UPL UPLL.NS posted fall in core earnings and revenue in Q2 vs year ago
** Two cos, Astec LifeSciences ASTE.NS and Sharda Cropchem SHCR.NS, reported losses from yr ago profit
(Reporting by Nallur Sethuraman in Bengaluru)
(([email protected]; (+91 8061822737); Reuters Messaging: [email protected]))
India Pesticides rises on land acquisition
** Shares of India Pesticides IDIP.NS up as much as 3.88% to 289 rupees
** Stock on track for fifth consecutive session of gains
** The agrochemical company said it acquired land for 96.1 million rupees ($1.16 million) from Uttar Pradesh Industrial Development Authority
** About 331,026 shares change hands as of 10:02 a.m. IST, 0.4x 30-day average
** Stock up 10.5% YTD as of last close
($1 = 82.6900 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of India Pesticides IDIP.NS up as much as 3.88% to 289 rupees
** Stock on track for fifth consecutive session of gains
** The agrochemical company said it acquired land for 96.1 million rupees ($1.16 million) from Uttar Pradesh Industrial Development Authority
** About 331,026 shares change hands as of 10:02 a.m. IST, 0.4x 30-day average
** Stock up 10.5% YTD as of last close
($1 = 82.6900 Indian rupees)
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India Pesticides Gets Allotment Letter For Land Next To Existing Plant To Set Up Manufacturing Unit
Aug 31 (Reuters) - India Pesticides Ltd IDIP.NS:
GOT ALLOTMENT LETTER FOR LAND ADJACENT TO EXISTING SANDILA PLANT TO SET UP MANUFACTURING UNIT OF PESTICIDES
INDIA PESTICIDES - COST OF ACQUISITION FOR LAND 96.1 MILLION RUPEES
Source text for Eikon: ID:nNSE4494Jf
Further company coverage: IDIP.NS
(([email protected];))
Aug 31 (Reuters) - India Pesticides Ltd IDIP.NS:
GOT ALLOTMENT LETTER FOR LAND ADJACENT TO EXISTING SANDILA PLANT TO SET UP MANUFACTURING UNIT OF PESTICIDES
INDIA PESTICIDES - COST OF ACQUISITION FOR LAND 96.1 MILLION RUPEES
Source text for Eikon: ID:nNSE4494Jf
Further company coverage: IDIP.NS
(([email protected];))
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Popular questions
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What does India Pesticides do?
India Pesticides Limited is a growing agro-chemical manufacturer specializing in Technicals and Formulations. It is a key player in the production of various chemicals and APIs for agricultural and dermatological use, with a strong global presence.
Who are the competitors of India Pesticides?
India Pesticides major competitors are Punjab Chem. & Corp, Heranba Industries, Meghmani Organics, Insecticides India, Astec Lifesciences, Excel Industries, The Yamuna Syndicate. Market Cap of India Pesticides is ₹1,803 Crs. While the median market cap of its peers are ₹1,440 Crs.
Is India Pesticides financially stable compared to its competitors?
India Pesticides seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does India Pesticides pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. India Pesticides latest dividend payout ratio is 14.36% and 3yr average dividend payout ratio is 8.62%
How has India Pesticides allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Cash & Short Term Investments, Capital Work in Progress
How strong is India Pesticides balance sheet?
Balance sheet of India Pesticides is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of India Pesticides improving?
The profit is oscillating. The profit of India Pesticides is ₹62.52 Crs for TTM, ₹60.17 Crs for Mar 2024 and ₹143 Crs for Mar 2023.
Is the debt of India Pesticides increasing or decreasing?
Yes, The debt of India Pesticides is increasing. Latest debt of India Pesticides is -₹68.7 Crs as of Sep-24. This is greater than Mar-24 when it was -₹206.15 Crs.
Is India Pesticides stock expensive?
India Pesticides is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA. Latest PE of India Pesticides is 28.85, while 3 year average PE is 27.25. Also latest EV/EBITDA of India Pesticides is 18.83 while 3yr average is 19.1.
Has the share price of India Pesticides grown faster than its competition?
India Pesticides has given lower returns compared to its competitors. India Pesticides has grown at ~-19.0% over the last 3yrs while peers have grown at a median rate of -10.69%
Is the promoter bullish about India Pesticides?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in India Pesticides is 63.61% and last quarter promoter holding is 63.61%.
Are mutual funds buying/selling India Pesticides?
There is Insufficient data to gauge this.