Moneycontrol PRO
HomeNewsBusinessStocksAccumulate Insecticides India; target of Rs 550: Prabhudas Lilladher

Accumulate Insecticides India; target of Rs 550: Prabhudas Lilladher

Prabhudas Lilladher recommended accumulate rating on Insecticides India with a target price of Rs 550 in its research report dated August 11, 2023.

August 15, 2023 / 14:52 IST
accumulate
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Prabhudas Lilladher's research report on Insecticides India

    Insecticides India (INST) reported subdued results largely led by lower price realizations coupled with high cost inventory provisioning in 1QFY24. B2C/B2B/exports contribution stood at 66%/31%/3%, as against 66%/29%/5% in the same period last year. Further, Maharatna products contributed 61% of overall revenues in 1Q’24 as against 55% in 1Q’23. Going forward, management remains confident on achieving revenue growth of 10-12% YoY in FY24E aided by a) commencement of new facilities; b) new product launches; and c) significant export registrations.

    Outlook

    However, remains cautious on margins and guided for 9-10% EBITDA margins. We largely keep our estimates unchanged for FY24/25E. Maintain ‘Accumulate’ rating on the stock with an unchanged TP of Rs550/share based on 12XFY25 EPS.

    For all recommendations report, click here

    Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Insecticides India - 15 -08 - 2023 - prabhu

    Broker Research
    first published: Aug 15, 2023 02:52 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347