Login & Signup

  • PreIPO
  • Startup Fund Raising
  • Valuations
  • Equity Restructing

  • Investments
  • Mutual Funds
  • Demat Account
  • Bonds/NCD
  • Insurance
  • Life Insurance
  • Health Insurance
  • Car Insurance
  • Corporates & Business
  • Property Insurance
  • Group Health Insurance
  • Marine Insurance
S

RATING

RECOMMENDATION

Neutral

  • Portfolio

  • Basket

  • Watchlist

  • More

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

  • unlisted stock logo
    Indofil Industries Limited Unlisted Shares Essentials

Discover and get a complete analysis on Indofil Industries Limited unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get latest updates on Indofil Industries Limited Share Price.

ISIN

INE071I01016

Face Value

₹10.00

Total Share

2,13,51,146

Total Income

₹2,235.88 Cr

Profit After Tax

₹94.76 Cr

EPS

₹44.37

P/E

20.96

P/B

0.47

Market Capitalisation

₹1,985.66 Cr

Book Value

₹1,963.99 Cr

Intrinsic Value

₹889.46

Sector

Materials

Sub-sector

Fertilizers & Agro Chemicals

Cashflow - Operations

₹333.09 Cr

Cashflow - Financing

-₹275.48 Cr

Indofil Industries Limited Growth

Compounded Sales Growth

  • -1.92%

    1 Year

  • 4.29%

    3 Year

  • 6.74%

    4 Year

Pro Only

Compounded Profit Growth

  • -49.79%

    1 Year

  • -28.51%

    3 Year

  • -12.36%

    4 Year

Pro Only

Return On Equity

  • 4.82%

    1 Year

  • 14.48%

    3 Year

  • 16.79%

    4 Year

Pro Only

About Indofil Industries Limited

  • Indofil Chemicals Limited was incorporated in 1962 as a Subsidiary of Rohm & Haas Co., USA. Indofil Industries Limited is uniquely placed both in Agricultural Chemicals (ABD) as well as Specialty & Performance Chemicals (SPCD) Business. As a part of K. K. Modi group, Indofil has a well-equipped manufacturing infrastructure, a result oriented Research & Development team, and an excellent domestic and international distribution network.
  • Indofil has its export presence in more than 60 countries as suppliers of Mancozeb formulations. In India, Indofil is successful in strategic marketing of Insecticides including IGR’s, Fungicides (Mancozeb, Tricyclazole, Zineb etc.), Bactericides, Herbicides, Acaricides, Surfactants, and Plant Growth Regulators (PGR). Indofil is driven by “Crop Care Concept” in agriculture business.
  • Specialty and Performance business works with the philosophy to be a solution provider by innovative products for various industries viz. Leather, Textile, Paints, Plastics and Construction Chemicals.
  • The Company’s long and successful past also provides customers with the assurance that Indofil will continue to be a valued partner long into the future. The focus is to create partnerships for Research & Development, & marketing for many more active pesticides & combinations.

  • Indofil Industries Limited Merger & Acquisition

Merger

  • The Company had entered into a Joint Venture with Shanghai Baijin Group, China for the manufacture of Carbon–di– Sulphide (CS2) as a part of its backward integration strategy for key raw materials. The Joint Venture has ensured uninterrupted supply of this important raw material to Company, thus eliminating the need for import of CS2 and saving on foreign exchange outflow. It has also optimized the cost of inputs. The Joint Venture has been successfully catering to the entire requirement of Indofil and is also actively catering to other customers in market. 
  • During the year 2018-19, the Joint Venture has generated Profits before Tax of ₹8.3 crores against ₹26 crores during the Previous Year despite an overall increase in the revenues. The reduction in margins is mainly on account of increase in the cost of inputs.
  • During the year 2018-19, the Company has also tied up with Reagens, Italy to enter into a Joint Venture namely, Indo Reagens Polymer Additives Pvt. Ltd. for manufacture and distribution of Stabilizers.
  • This JV would address the portfolio gaps in our Plastic vertical and pave way for strong future growth in this business.
  • Besides, Indofil has also tied with Grace Breeding Technologies Limited, an Israeli research firm engaged in the development of Nitrogen Fixation Bacteria Technology. Grace Breeding Technologies Limited is currently working on a patented technology which would eliminate the need to artificially induce Nitrogen in crops. The Company has picked up a 15% stake in Grace Breeding which would give it the first right of refusal for the commercial exploitation of this technology with a possibility of setting up a JV in India for the manufacturing of the products.
  • Indofil Industries Limited Subsidiaries

The Company already has a sales presence in more than 95+ countries through its distributors, commissioning agents, etc. In the last 2-3 years, the Company has extensively invested in its key international markets like Europe, Brazil and some Asia- Pacific markets with an objective to:

  • Come closer to some of its key markets and customer
  • Provide better client servicing to its customer
  • Engaging in Value Added Distribution (VAD) activities by replicating its successful domestic distribution model in these countries.
  • Indofil Industries Limited Industry Overview

Industry Statistics

Agriculture:

  • The Indian agriculture sector remains a key constituent of the economy. The sector has been undergoing through some legacy challenges and the government is rolling out several initiatives to address those challenges and improve farm productivity, to achieve its target of doubling farmers’ income by 2022.
  • In addition to the sector-specific schemes aimed at overcoming the ongoing challenges, the Government has significantly increased its budgetary allocation towards comprehensive rural welfare schemes, which is likely to lead to increased investments in India’s agricultural infrastructure.
  • The above developments in agriculture sector shall directly bear a positive impact on agrochemicals industry.


Agrochemicals:

  • India offers significant opportunity due to its vast population and high dependence on agriculture. The Indian agrochemicals market offers high growth potential for domestic consumption as well as exports.
  • With the government’s focus on increasing farm productivity, the business environment is extremely favorable for agrochemicals companies to set up operations in India and bring, new safer chemicals to the domestic market.


Specialty Chemicals:

  • The chemicals sector, which is knowledge-based andcapital intensive, provides important building blocks for downstream industries such as textiles, papers, paints, soaps, detergents, and pharmaceuticals, among others. Competitive manufacturing costs, availability of skilled manpower, stringent intellectual property protection laws and favorable government policies will be the major growth drivers for the Indian Specialty Chemicals industry.
  • The production cut in China due to the implementation of stricter environmental norms offer significant opportunities for Indian companies to scale up and increase their share in the global market in chemical industry.

Indofil Industries Limited Strengths

  • Robust distribution network
  • Strong and diversified product portfolio
  • Experienced and professional management
  • Increased international presence
  • Modernised production facilities
  • Strong applied R&D capabilities
  • Total Revenue increasing at a CAGR of 9.79% from 2016 to 2019.
  • Total Assets increasing at a CAGR of 15.88% from 2016 to 2019. 
  • The Company has a Debt-Equity Ratio of 0.61 and a Current Ratio of 1.41 making it fairly solvent. 

Indofil Industries Limited Shortcomings

  • Time consuming product registration process.
  • Low level of process awareness among farmers in respect of availability and use of advanced agrochemical products.
  • The operating profit margin has dropped from 21.40% in 2017 to 17.07% in 2019.
  • Return on Equity has declined to 9.27%.

Indofil Industries Limited Opportunities

  • Agriculture reforms targeted at doubling farmer income over next five years
  • Government’s support to improve consumption of agri inputs for improving crop yields
  • Technology dissemination in rural India through JAM (Jan Dhan, Aadhar enablement and Mobile penetration) to improve farmer’s connectivity and improve marketing opportunities
  • Good growth in used industries

Indofil Industries Limited Threats

  • Unpredictable weather conditions
  • Competition from national and international companies
  • Lower commodity prices
Indofil Industries Limited Rating

  • RECOMMENDATION

    Neutral

  • Indofil Industries Limited Detail Info

Registered In

India

Registered Date

09/02/1993

Planify Ticker

IndIL

Reg Office: Kalpataru Square, 4th Floor, Off Andheri Kurla Road, Andheri (East) Mumbai - 400059

Website: https://www.indofil.com/