INSECTICIDES IND 2020-21 Annual Report Analysis

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

INSECTICIDES IND 2020-21 Annual Report Analysis
Mon, 8 Nov

INSECTICIDES IND has announced its results for the year ended March 2021. Let us have a look at the detailed performance review of the company during FY20-21.

INSECTICIDES IND Income Statement Analysis

  • Operating income during the year rose 4.2% on a year-on-year (YoY) basis.
  • The company's operating profit decreased by 8.5% YoY during the fiscal. Operating profit margins witnessed a fall and stood at 10.0% in FY21 as against 11.4% in FY20.
  • Depreciation charges increased by 2.5% and finance costs decreased by 72.2% YoY, respectively.
  • Other income grew by 201.2% YoY.
  • Net profit for the year grew by 8.6% YoY.
  • Net profit margins during the year grew from 6.3% in FY20 to 6.5% in FY21.

INSECTICIDES IND Income Statement 2020-21

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Net Sales Rs m 13,632 14,202 4.2%
Other income Rs m 26 77 201.2%
Total Revenues Rs m 13,658 14,280 4.6%
Gross profit Rs m 1,559 1,426 -8.5%
Depreciation Rs m 241 247 2.5%
Interest Rs m 239 67 -72.2%
Profit before tax Rs m 1,105 1,190 7.8%
Tax Rs m 244 256 4.8%
Profit after tax Rs m 860 934 8.6%
Gross profit margin % 11.4 10.0
Effective tax rate % 22.1 21.5
Net profit margin % 6.3 6.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



FREE REPLAY: Catch the Details of Potential Crorepati-Making Stocks Right Now...

INSECTICIDES IND Balance Sheet Analysis

  • The company's current liabilities during FY21 stood at Rs 6 billion as compared to Rs 5 billion in FY20, thereby witnessing an increase of 8.4%.
  • Long-term debt stood at Rs 24 million as compared to Rs 19 million during FY20, a growth of 25.8%.
  • Current assets rose 11% and stood at Rs 11 billion, while fixed assets rose 10% and stood at Rs 4 billion in FY21.
  • Overall, the total assets and liabilities for FY21 stood at Rs 15 billion as against Rs 13 billion during FY20, thereby witnessing a growth of 11%.

INSECTICIDES IND Balance Sheet as on March 2021

No. of Mths Year Ending 12 Mar-20* 12 Mar-21* % Change
Networth Rs m 7,317 8,204 12.1
 
Current Liabilities Rs m 5,393 5,845 8.4
Long-term Debt Rs m 19 24 25.8
Total Liabilities Rs m 13,170 14,575 10.7
 
Current assets Rs m 9,783 10,861 11.0
Fixed Assets Rs m 3,387 3,714 9.7
Total Assets Rs m 13,170 14,575 10.7
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



INSECTICIDES IND Cash Flow Statement Analysis

  • INSECTICIDES IND's cash flow from operating activities (CFO) during FY21 stood at Rs 2 billion on a YoY basis.
  • Cash flow from investing activities (CFI) during FY21 stood at Rs -1 billion, an improvement of 367.4% on a YoY basis.
  • Cash flow from financial activities (CFF) during FY21 stood at Rs -1 billion, an improvement of 35% on a YoY basis.
  • Overall, net cash flows for the company during FY21 stood at Rs -613 million from the Rs 588 million net cash flows seen during FY20.

INSECTICIDES IND Cash Flow Statement 2020-21

Particulars No. of months 12 12 % Change
Year Ending Mar-20 Mar-21
Cash Flow from Operating Activities Rs m 2,419 1,554 -35.8%
Cash Flow from Investing Activities Rs m -241 -1,126 -
Cash Flow from Financing Activities Rs m -1,590 -1,040 -
Net Cash Flow Rs m 588 -613 -
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Current Valuations for INSECTICIDES IND

  • The trailing twelve-month earnings per share (EPS) of the company stands at Rs 45.2, an improvement from the EPS of Rs 41.6 recorded last year.
  • The price to earnings (P/E) ratio, at the current price of Rs 659.0, stands at 12.5 times its trailing twelve months earnings.
  • The price to book value (P/BV) ratio at current price levels stands at 1.1 times, while the price to sales ratio stands at 0.6 times.
  • The company's price to cash flow (P/CF) ratio stood at 11.0 times its end-of-year operating cash flow earnings.

Per Share Data/Valuations

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Sales per share (Unadj.) Rs 659.5 687.1
TTM Earnings per share Rs 41.6 45.2
Diluted earnings per share Rs 43.6 47.4
Price to Cash Flow x 12.4 11.0
TTM P/E ratio x 13.1 12.5
Price / Book Value ratio x 1.3 1.1
Market Cap Rs m 13,620 13,003
Dividends per share (Unadj.) Rs 6.0 2.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



Ratio Analysis for INSECTICIDES IND

  • Solvency Ratios
  • Current Ratio: The company's current ratio improved and stood at 1.9x during FY21, from 1.8x during FY20. The current ratio measures the company's ability to pay short-term and long-term obligations.

    Interest Coverage Ratio: The company's interest coverage ratio improved and stood at 18.9x during FY21, from 5.6x during FY20. The interest coverage ratio of a company states how easily a company can pay its interest expense on outstanding debt. A higher ratio is preferable.

  • Profitability Ratios
  • Return on Equity (ROE): The ROE for the company declined and down at 11.4% during FY21, from 11.8% during FY21. The ROE measures the ability of a firm to generate profits from its shareholders capital in the company.

    Return on Capital Employed (ROCE): The ROCE for the company declined and down at 15.3% during FY21, from 18.3% during FY20. The ROCE measures the ability of a firm to generate profits from its total capital (shareholder capital plus debt capital) employed in the company.

    Return on Assets (ROA): The ROA of the company declined and down at 6.9% during FY21, from 8.3% during FY20. The ROA measures how efficiently the company uses its assets to generate earnings.

Key Ratio Analysis

No. of Mths Year Ending 12 Mar-20* 12 Mar-21*
Current ratio x 1.8 1.9
Debtors’ Days Days 856 654
Interest coverage x 5.6 18.9
Debt to equity ratio x 0.0 0.0
Return on assets % 8.3 6.9
Return on equity % 11.8 11.4
Return on capital employed % 18.3 15.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster



To see how INSECTICIDES IND has performed over the last 5 years, please visit here.

INSECTICIDES IND Share Price Performance

Over the last one year, INSECTICIDES IND share price has moved up from Rs 460.1 to Rs 659.0, registering a gain of Rs 199.0 or around 43.2%.

Overall, the S&P BSE SENSEX is up 49.1% over the year.

(To know more, check out historical annual results for INSECTICIDES IND and quarterly results for INSECTICIDES IND)

Equitymaster requests your view! Post a comment on "INSECTICIDES IND 2020-21 Annual Report Analysis". Click here!

  

Related Views on News

Sorry! There are no related views on news for this company/sector.

Most Popular

India's Best Semiconductor Stocks(Views On News)

Jan 7, 2022

Modern wars are fought with semiconductors. India's best semiconductor stocks have big tailwinds from defence and manufacturing.

10 Indian Companies with the Fastest Growth in Dividend Payouts...(Views On News)

Jan 10, 2022

These companies have been consistently paying higher dividends for several years.

Tata Steel vs SAIL: Which Stock is Better?(Views On News)

Jan 13, 2022

With government initiatives set to boost the steel sector, find out who has a better chance of coming out on top.

Watch Out for these 4 Indian Companies Betting Big on EV Supply Chain(Views On News)

Jan 11, 2022

The upside in supply chain players could be huge but a delay in the transition to EVs, or any policy related hiccups could end the momentum.

Tech Mahindra's CTC Acquisition: Too Expensive?(Views On News)

Jan 18, 2022

Tech Mahindra's acquisition of European IT-company fails to excite investors.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

TRACK INSECTICIDES IND

  • Track your investment in INSECTICIDES IND with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON INSECTICIDES IND

INSECTICIDES IND 8-QTR ANALYSIS

COMPARE INSECTICIDES IND WITH

MARKET STATS