Fundamental Analysis

INSECTICIDES INDIA LIMITED 

Ticker : 532851
BUY : Rs 756.15
Target : Rs 840

Insecticides India Limited is a premier manufacturer of crop protection products with a diversified product portfolio. On the consolidated quarterly front, the company recorded net sales and operating income of Rs 255.61 crore for Q4FY21, recording a growth of 7.1 per cent from its net sales & operating income of Rs 238.67 crore reported for Q4FY20. The operating profit turned positive at Rs 30.83 crore in Q4FY21 from an operating loss of Rs 3.4 crore posted in Q4FY20. The company reported a net profit of Rs 21.95 crore in Q4FY21 against a net loss of Rs 7.32 crore recorded in Q4FY20, giving an optimistic financial performance. The company is well equipped and committed to driving growth with the registration of new products thereby, improving product mix and increasing brand business, which will help the company to scale new heights. Hence, we recommend BUY.