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Net Sales are expected to increase by 5 percent Y-o-Y (down 29.2 percent Q-o-Q) to Rs 314 crore, according to Sharekhan.
Net Sales are expected to increase by 2 percent Y-o-Y (down 18.6 percent Q-o-Q) to Rs. 243 crore, according to Sharekhan.
Of the agrochemical stocks, we find PI Industries and Insecticides India on track for growth and would recommend to keep these on radar and accumulate for long term portfolio in a staggered manner.
Net Sales are expected to increase by 6 percent Y-o-Y (down 59.3 percent Q-o-Q) to Rs. 186.5 crore, according to Prabhudas Lilladher.
The stock has corrected 25 percent in the last three month and is currently trading 41 percent below its 52-week high. Post-correction, the stock is now trading at FY19 estimated price-to-earnings of 12 times
We expect margin to see a slight improvement due to product launches in coming quarters
Net Sales are expected to increase by 25.8 percent Y-o-Y (up 25.8 percent Q-o-Q) to Rs. 221 crore, according to HDFC Securities.
Brokerages expect a positive FY19 for agrochemical sector on the back of government's intent to double farm incomes and a normal monsoon
Insecticides India reported a steady Q4. In an interview to CNBC-TV18, Sandeep Aggarwal, CFO of Insecticides India spoke about the results and his outlook for the company.
Rajesh Aggarwal, Managing Director and CEO, Insecticides is confident of good growth continuing in the second half as well and expects the FY17 topline to be above Rs 1100 crore.
Rajesh Aggarwal, Managing Director and Chief Executive of Insecticides India, expects that beginning June the company will see recovery in its business.
Revenue growth in the second half of FY16 is likely to be in the 10-15 percent range, says Sandeep Aggarwal, CFO, Insecticides India. He also spoke about his company's performance in the second quarter.
Rajesh Aggarwal, MD and CEO of Insecticides says shortage of rainfalls in Q1 caused slowing of industrial growth.
Speaking to CNBC-TV18 post Q3 earnings, Rajesh Aggarwal, MD and CEO, Insecticides India said the Dahej plant which was shut during Diwali week is operational now. The small cap company expects to see a recovery in Q4 FY15.
Insecticides India recorded a 66 percent rise in second quarter net profit at Rs 22.9 crore versus Rs 13.8 crore, year-on-year. While net sales were up by 18 percent at Rs 402 crore versus Rs 340 crore, Y-o-Y.
In an interview with CNBC-TV18, Rajesh Agarwal, CMD of Insecticides India attributes its growth to the launch of new brands and collaborations with American and Japanese companies.
Rajesh Agarwal, MD of Insecticides India in an interview with CNBC-TV18 said, "We are targeting an increase of about 40% in our topline this year. We see our sales going to Rs 700 crore in the year 2012."