Sign Up For India Pesticides: Anand Rathi
Anand Rathi has come out with its report on India Pesticides. The research firm has suggested to “Subscribe”the ipo in its research study report as on June 22, 2021.
June 22, 2021/ 02:42 PM IST
Anand Rathi IPO report on India Pesticides India Pesticides Ltd is a R&D driven agro-chemical manufacturer of Technicals with a growing Formulas service. The company is among the fastest growing agrochemicals business in regards to volume of Technicals produced. They have tape-recorded 37.17% year-on-year development in Technicals production (by volume) in between Fiscal 2020 and Financial 2021, reaching more than 75% plant running rate. The Business manufactured 15,003 MT of Technicals in Fiscal 2021. The company is the sole Indian producer of five Technicals and among the leading manufacturers globally for Captan, Folpet and Thiocarbamate Herbicide, in terms of production capability. Considering that starting the operations in 1984, the company have diversified into making herbicide and fungicide Technicals and active pharmaceutical ingredients (APIs). They likewise make herbicide, insecticide and fungicide Solutions.
Appraisal and Outlook
Further in the current past, Company has a robust track record of performance and has actually been producing positive capital. We are favorable on the long-term potential customers of the Company. For this reason, we recommend a “Subscribe” score to this IPO.
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