India Pesticides IPO: What does this have in store for investors?
India Pesticides, with one of the best return ratios in the industry, has swiftly ramped up its capacity in recent years indicating good order book and strong linkage with formulators
June 24, 2021 / 01:37 PM IST
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
The IPO of India Pesticides (IPL) garners investor interest due to the company’s good mix of topline growth and one of the best return ratios in the sector. We take a closer look at the primary offering from this Lucknow-based agrochemical company, a strong player in technicals, with a growing formulations business and a potential API (active pharmaceutical ingredient) opportunity.
Incorporated in 1984, IPL operates under two segments. The agrochemical technical grade segment constitutes 79 per cent of sales,...