India Pesticides IPO - Diversified Portfolio Of Niche, Specialised Products; Robust Financials: KRChoksey
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KRChoksey Research Report
Incorporated in 1984, India Pesticides Ltd. is one of the leading agrochemicals manufacturers in India.
The company operates in two business verticals; 1. technicals and 2. formulations.
It manufactures herbicide, fungicide technicals, and active pharmaceuticals ingredients.
It is the sole Indian manufacturer of several technicals like folpet, thiocarbamate, and herbicide.
The company also manufactures 30 plus formulations of insecticides, fungicides, and herbicides.
The company has recorded 37.2% YoY growth in technicals manufacturing (by volume) between FY20 and FY21. The company’s technicals are exported to over 25 countries.
In FY21, the revenue generated from exports contributed to 56.71% of the total revenue.
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