Subscribe to India Pesticides: Arihant Capital

Arihant Capital has actually brought out its report on India Pesticides. The research firm has actually recommended to “Subscribe”the ipo in its research study report as on June 21, 2021.

Broker Research study

June 22, 2021/ 02:42 PM IST

Ipo (Representative Image)

IPO (Representative image )Arihant Capital IPO report on India Pesticides India Pesticide Limited (IPL) was integrated in 1984, India Pesticides Limited(IPL)is among the leading agrochemicals manufacturers in India. The business runs in two organization verticals; 1 Technicals and 2. Formulas. It makes herbicide, fungicide Technicals, and Active Pharmaceuticals Active Ingredients (APIs). It is the sole Indian maker of a number of Technicals i.e. Folpet, Thiocarbamate, and Herbicide. The company likewise manufactures 30+ formulations of insecticides, fungicides, and herbicides. Its Technicals are majorly exported to 20+ countries including Australia, Asia, Africa, and European countries, contributed 62% of technical segment revenues in Financial 2020. Nevertheless, agrochemical formulas are mainly offered to domestic crop security makers i.e. Syngentia Asia Pte Ltd, UPL Ltd, ASCENZA AGRO, S.A., Conquest Crop Security Pty Ltd, Sharda Cropchem Limited, and Stotras Pty Ltd.

. Assessment and Outlook

The business’s capability to source basic material at competitive costs offers an edge over peers supported by economies of scale. We are advising “Subscribe for long term” for this concern.

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