India Pesticides IPO - Strong Growth Aspects, Robust Financial: Motilal Oswal
A farmer sprays fungicide in a field of rice on farmland near Sirsa, Haryana. (Photographer Prashanth Vishwanathan/Bloomberg)

India Pesticides IPO - Strong Growth Aspects, Robust Financial: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

India Pesticides Ltd. is the sole Indian manufacturer of five technicals and among the leading manufacturers globally for captan, folpet and thiocarbamate herbicide, in terms of production capacity.

Both technicals and formulations portfolio are well diversified among fungicides/herbicides/insecticides along with active pharmaceutical ingredients (10% of revenue); thus de-risking its business model.

The company derives 57% (FY21) of its revenue from exports while top 10 customers also contribute 57% of sales.

Global agro-chemicals market is expected to grow at 7% compound annual growth rate to $86 billion by 2024.

Of this technicals/formulations are expected to grow at 6%/7% CAGR.

Click on the attachment to read the full report:

Motilal Oswal India Pesticides IPO Note .pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.