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Indofil Industries Limited

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Indofil Industries Limited Unlisted Shares Essentials
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Discover and get a complete analysis on Indofil Industries Limited - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get the latest updates on Indofil Upcoming IPO.

ISIN

INE071I01016

Face Value

₹10.00

Total Share

2,29,58,222

Total Income

₹2,440.82 Cr

Profit After Tax

₹66.94 Cr

EPS

₹31.40

P/E

24.84

P/B

0.92

Market Capitalisation

₹1,790.74 Cr

Enterprise Value

₹2,255.56 Cr

Book Value

₹844.95

Intrinsic Value

₹1,004.00

Dividend Yield

1.33 %

Earnings Yield

4.03 %

Sector

Materials

Sub-sector

Fertilizers & Agro Chemicals

Indofil Industries Limited Growth

About Indofil Industries Limited

Indofil Chemicals Ltd. 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 and performance chemicals (SPCD) business. As a part of K.K. Modi group, the company operates as an integrated multi-product chemical company, manufactures and distributes agrochemicals, and specialty and performance chemicals in India. It operates through three segments: agrochemicals, specialty and performance chemicals, and investments. The company offers fungicides, insecticides, herbicides, acaricides, plant growth regulators, surfactants, plant nutrition products, etc. It also provides specialty performance chemicals for leather, plastic, textile, paints, coatings, and construction industries; and offers solutions to help farmers. The company primarily sells its products through distributors and dealers.
The company has its export presence in more than 60 countries as suppliers of mancozeb formulations. In India, the company is successful in strategic marketing of insecticides including igr's, fungicides (mancozeb, tricyclazole, zineb, etc.), bactericides, herbicides, acaricides, surfactants, and plant growth regulators (PGR). The company is driven by "crop care concept" in agriculture business.
The company operates its one manufacturing unit at Thane, India and 3 manufacturing units at Dahej, India.
The company was founded in 1962 and is based in Thane, India.

Indofil Industries Limited Merger & Acquisition

Acquisition

On March 5, 2012, Indofil Industries Ltd. acquired European Dithane fungicide business of Dow AgriSciences LLC for approximately $50 million. The agreement only includes Dithane products sold in Europe and does not include other parts of the Dow AgroSciences’ Dithane business. Mayer Brown LLP acted as legal advisor for Dow AgroSciences LLC. Simon Fielder and Nipun Gupta of Bird & Bird acted as legal advisor and Yes Bank acted as financial advisor to Indofil.

Indofil Industries Limited Subsidiaries

Company's subsidiaries are:

Good Investment (India) Ltd.
Quick Investment (India)Ltd.
Indo Baijin Chemicals Pvt. Ltd.
Indofil Bangladesh Industries Pvt. Ltd.
Indofil Costa Rica S.A.
Indofil Industries (Netherlands) B.V.
Indofil Industries (International)
Indofil Industries DO Brasil LTDA
Indofil Philippines Inc.
Agrowin Bioscience
PT Industries Indonesia
Finkotech Pvt. Ltd.

Indofil Industries Limited Business Model

Indo Baijin Chemicals Pvt. Ltd. - The company is primarily involved in manufacturing and supply of carbon disulphide.
Indofil Philippines Inc. - It is involved in manufacturing of agrochemical products.
Agrowin Bioscience - Manufacturer of crop protection and plant nutrients.

Indofil Industries Limited Revenue Segmentation

Agrochemical
Specialty and Performance Chemicals

Indofil Industries Limited Product & Services

Products of the company are:

Agro Chemicals
Specialty & Performance chemicals

Indofil Industries Limited Assets

Assets as on 31 March, 2021:

Total Assets

Particulars	Amount (in Rs. crores)
Freehold Land	1.77
Buildings	232.53
Road and Culvert	4.03
Office Equipment	2.07
Computers	1.24
Vehicles	2.64
Plant and Machinery	393.69
Furniture and Fixture	1.81

Indofil Industries Limited Industry Overview

Industry Statistics

According to IBEF, Indian chemical industry stood at USD 178 bn in 2019 and is expected to reach USD 304 bn by 2025 registering a CAGR of 9.3%. The specialty chemicals market was valued at INR 3,159.22 bn in FY 2020 and is expected to reach INR 6,435.73 bn by FY 2025, expanding at a compound annual growth rate (CAGR) of ~15.87% during the FY 2021 – FY 2025 period. The growth is primarily attributable to the rise in demand from different end-user industries such as food processing, textile, automotive, paints and coatings, real estate, agriculture, and home and personal care
Under the specialty chemicals, agrochemicals such as pesticides and insecticides are specialty chemicals used in agriculture to protect the crop from pests and insects and enhance yield quality. As per EMR, the Indian agrochemicals market size reached a value of almost USD 4.5 bn in the year 2020 which is further expected to grow at a CAGR of 8.6% between 2021 and 2026 to reach a value of almost USD 7.4 billion by 2026. The growth is primarily driven by the rising population within the country, which has led to maintaining sufficiency in agricultural practices, further boosting the use of Indian agrochemical products for farming activities. The industry is positively influenced by the Indianization of the agrochemical industry, which has fuelled the sales of agrochemical products. Other factors affecting the growth of Indian agrochemical industry include an increase in the population growth, rising need for food production, and economic growth.
APAC leads the regional demand for agrichemicals due to the growing population, which is increasing the need for food production. Countries such as India, China, Indonesia, and Australia are the major consumers of crop protection chemicals in the region. Additionally, agriculture is the mainstay of the Indian economy and constitutes around 14% of the country’s GDP. Also, the agricultural sector in India employs over 50% of the country’s workforce. India is the fourth-largest producer of agrichemicals. The Indian agrochemicals industry can be primarily divided into the following types: a. Insecticides b. Fungicides c. Herbicides. Insecticides account for a major share of 60% followed by fungicides and herbicides with a share of 18% and 16%, respectively
As per the industry analysts, agrochemical players are expected to see decent volume growth driven by favorable agronomics. However, higher input costs will continue to pressurize margin and thus we expect aggregate earnings growth of mid-single digit for our coverage universe. Market is expected to see stable demand for agri-input companies owing to favorable agronomic conditions. However, high raw material prices would continue to pressurize margins in the forecasted years.
Competitive Landscape: Indian agrochemical market is highly diverse in nature and consists of around 800 formulators. The market has beheld acquisitions of many small firms by large manufacturers and also merging of small and large firms. Coromandel International, PI Industries, Sumitomo Chemical India, SRF, Aarti Industries and NOCIL are some of the key companies in this sector.

Future Prospects

The demand for specialty chemicals is expected to rise at a CAGR of 15.87% in FY20-25 from INR 3,159.22 bn in FY20 to INR 6,435.73 bn in FY25.
As per EMR, the Indian agrochemicals market in India is expected to grow at a CAGR of 8.6% between 2021-26 reaching USD 7.4 bn by 2026 from USD 4.5 bn by 2020.

Government Initiatives

The government has started various initiatives such as mandating BIS-like certification for imported chemicals to prevent dumping of cheap and substandard chemicals into the country.
The government recognizes chemical industry as a key growth element and forecast to increase share of chemicals sector to around 25% of the GDP by 2025.
Under the union budget 2021-22, the government allocated Rs. 233.14 crores to the Department of Chemicals and Petrochemicals.
The government has proposed several incentives for setting up a sourcing or manufacturing platform within an Indian SEZ including 100% income tax exemption on export income for sez units for first 5 years, 50% for next 5 years and 50% of ploughed back profits.
The government proposed single window clearance for central and state-level approvals.
The government proposed duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units.

Indofil Industries Limited Strengths

Penetration: Company has consolidated and strengthened market share by expanding the footprint and penetration in key markets of Africa, Asia Pacific, and Latin American countries such as Brazil, Argentina and Mexico, which helps to mitigate the risk of diversification.
The Company operates in both the B2B and B2C business segments and the international markets by which it has witnessed a significant rise in individual consumers.

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.

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.

Indofil Industries Limited Threats

The average farmer in India lacks proper knowledge of agronomy and relies mostly on skills and knowledge gained through experience or on product recommendations from agro-input retailers.
Agrochemical consumption in India is represented by high usage of generic molecules, some of which have been continuously used for decades.
The Pesticide Management Bill 2020, proposes limited interventions in areas like research and development of new molecules which could hamper the growth of the industry to a certain extent.

Indofil Industries Limited Rating

RECOMMENDATION

Sell

Indofil Industries Limited Detail Info

Industry Statistics

PUBLIC LIMITED

Registered In

India

last Updated

11/05/2022

Registered Date

09/02/1993

Planify Ticker

Indofil

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

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

Frequently Ask Questions

Indofil Industries Limited has expressed no intention of raising funds through IPO

The face value of the Indofil Industries Limited share is Rs. 10

Yes, the Indofil Industries Limited expected to make good profits in the future

Dr. Bina Modi is the chairperson and managing director of Indofil Industries Limited.

Dr. Bina Modi is the owner of Indofil Industries Limited.

We recommend a Buy rating on Indofil Industries Limited Shares.

The total profit of the Indofil Industries Limited is Rs. 66.9 Cr. in FY21.

'stock_name_auto' operates in both B2B and B2C business segments and the international markets by which it has witnessed a significant rise in individual consumers.

Please find below the procedure for buying stock_name_auto Unlisted Shares at Planify.

• 1. You confirm booking of stock_name_auto Unlisted Shares with us at a trading price.

• 2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.

• 3. We will provide the bank details.

• 4. You need to transfer funds in that account.

• 5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.

• 6. Payment has to be done from the same account in which shares are to be credited.

• 7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling stock_name_auto Unlisted Shares is 6 months after listing. Hence you can’t sell stock_name_auto Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date.

Please find below the procedure for selling stock_name_auto Unlisted Shares at Planify.

• 1. We will confirm our buying price of stock_name_auto Unlisted Shares.

• 2. We will give you our client master report and you will transfer the stock_name_auto Unlisted Shares to our demat account.

• 3. We will ask for bank details of yours once the stock_name_auto Unlisted Shares are received in our demat account..

• 4. We will transfer the funds in your bank account within 24 hrs of receiving the stock_name_auto Unlisted Shares.

• 5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.

• 6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of stock_name_auto Unlisted Shares depends upon category of investors.

• 1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of stock_name_auto Unlisted Shares.

• 2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of stock_name_auto Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the stock_name_auto Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.

• a. ISIN number of stock_name_auto Unlisted Shares.

• b. Name of stock_name_auto Unlisted Shares

• c. Quantity of stock_name_auto Unlisted Shares

• d. Cosideration Amount

• e. Target DP ID and Client ID

• f. Annexure

2. Online DIS - Some of the broker these days gives facility of transferring the stock_name_auto Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the stock_name_auto Unlisted Shares by filling the details similar to Ofline-DIS.

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our Planify platform, if somebody wants to buy stock_name_auto Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable.

If you buy stock_name_auto Unlisted Shares from Planify then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of stock_name_auto Unlisted Shares Instantly?

• 1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.

• By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Demat Account = DP ID + Client ID. (16 Characters )

• "DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.

• Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.

• In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.

• Example:

• CDSL = 12345678(DP ID) and 91234567(Client ID).

• NSDL = IN123456 (DP ID) and 78912345(Client ID).

• Check in brokers application?

• Credit of stock_name_auto Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The stock_name_auto Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of stock_name_auto Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on Planify.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

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We at Planify do the valuation based on 2 methods.

• 1. We check the last funding that is being done in the stock_name_auto Unlisted Shares to ascertain the benchmark valuation.

• 2. If there is no funding happened in the company, then we try to find a business similar to stock_name_auto Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their stock_name_auto Unlisted Shares.

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Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about stock_name_auto Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of stock_name_auto Ltd unlisted share.

We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of stock_name_auto Ltd unlisted shares with us.

The financials of stock_name_auto Ltd which includes the P/L of stock_name_auto Ltd and the Balance Sheet of stock_name_auto Ltd is in the financials section.

The annual report of stock_name_auto Ltd is available in the annual report section.

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Indofil Industries Limited Unlisted Shares Essentials

Indofil Industries Limited Growth

About Indofil Industries Limited

Indofil Industries Limited Merger & Acquisition

Indofil Industries Limited Subsidiaries

Indofil Industries Limited Business Model

Indofil Industries Limited Revenue Segmentation

Indofil Industries Limited Product & Services

Indofil Industries Limited Assets

Indofil Industries Limited Industry Overview

Industry Statistics

Future Prospects

Government Initiatives

Indofil Industries Limited Strengths

Indofil Industries Limited Shortcomings

Indofil Industries Limited Opportunities

Indofil Industries Limited Threats

Indofil Industries Limited Rating

Indofil Industries Limited Detail Info

Indofil Industries Limited Share Price

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