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INSECTICID Consensus Forecast

No. of reports in last year
3
No. of analysts
1
Average Consensus Forecast
639.33
Consensus Potential
-23.89%

INSECTICID Price Target Potential

BrokerageTargetPotential
Prabhudas Lilladher8176.80%

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INSECTICID Ratings

Long term INSECTICID rating by FrontPage users
5/5 (5 Ratings)

3 INSECTICID share price target reports by brokerages below. See what is analyst's view on INSECTICID share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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INSECTICID Share Price Target

INSECTICID Share Price Target - Broker Reports - 2021

22-Jun-21
Price @ Call: 744.95
Target: 817
ACCUMULATE
9-Feb-21
Price @ Call: 486.19
Target: 506
BUY

INSECTICID Share Price Target - Broker Reports - 2020

10-Nov-20
Price @ Call: 444.4
Target: 595
BUY
28-Jun-20
Price @ Call: 469.14
Target: 612
BUY
Insecticides India’s sharp contraction in gross margin by 740 bps in 4Q took everyone by surprise and was driven by sort of distress sale of generic products & heightened competitive intensity in Thimet & Nuvan (to be banned by 31st Dec 2020). This resulted in EBITDA and PAT loss for the quarter. Amidst COVID, FY21 looks to be a challenging year for INST due to (a) significant reduction in sale of Thimet and Nuvan (FY20- ~Rs 1.7 bn; FY21E Rs 450 mn) (b) INST as well as its suppliers face pressure due to labour unavailability and logistics issues (c) Challenges in the export market. Margins may continue to remain under pressure. However with expectation of several product approvals (~10-12) from CIB in FY21 and commencement of production in new capacities (technicals and export), growth in FY22 is expected to be healthy. We have tweaked our topline/bottomline for FY21E & FY22E by -5%/-29% & +4%/-16% to factor in lower profitability for Nuvan (in FY21), elevated costs due to COVID and negative operating leverage. Maintain Buy with revised target price of Rs 612 (Previous- Rs 730) based on 10x FY22E earnings.
... Read more
12-Feb-20
Price @ Call: 512
Target: 608
BUY
10-Feb-20
Price @ Call: 495.4
Target: 896
BUY
Insecticides India’s Q3 results were impacted by inventory write down (Rs 100 mn) & distress sale of wheat herbicides in the Indian market which was banned by Pakistan, hence company had to divert it here (Rs 80 mn impact) leading to gross margin contraction of 1045 bps YoY to 74%. We have reduced our EBITDA/PAT estimates for FY20E/FY21E by 8.0%/8.5% and 8.1%/6.3% respectively. We roll forward to FY22E earnings and maintain Buy rating with a revised target price of Rs 896 (Previous TP-948) based on 12x FY22E earnings.
The strategy of launching new molecules to offset the impact of molecule ban continues with 3 more launches in Q3 (total count in YTDFY20- 8). INST plans to launch 10 new molecules in FY21 most of which are expected to be 9(3). The company has reduced debt by ~Rs 1400 mn in 9MFY20 as the liquidation of accumulated stocks of Thimet and Nuvan continues. It is working on multiple fronts (proprietary off-patent, inlicensing and new discovery) to enrich its product portfolio. Timely execution of this strategy can enable INST to sustain high growth rate over the medium term.
... Read more

INSECTICID Share Price Target - Broker Reports - 2019

14-Nov-19
Price @ Call: 550.03
Target: 663
BUY
We believe that IIL is well placed to grow in agro chemical sector in the longer run based on strong business model and robust pipeline of new products. Further, IIL is aiming to position itself as niche player by moving backward & forward and adding new products which will drive growth in the long term. We have revised our earnings estimates based on margin concerns in B2B business and lower revenue expected from product getting discontinued. The stock is presently trading at 9.6x/9.2x on FY20E/21E revised EPS of Rs 58 (Vs Rs 61.3)/Rs 60.3 (vs Rs 67.5), respectively. We maintain BUY on the stock with revised target price of Rs 663 (Vs Rs 809 earlier), valuing the stock at 11x FY21E earnings (vs 12x earlier), factoring in lower growth and margins estimates.
... Read more
14-Nov-19
Price @ Call: 550.03
Target: 948
BUY
INST reported inline set of results driven by growth in Maharatna products. The performance is expected to sustain going forward as well, led by its strong product pipeline. INST is in the midst of transition from a me-too agrochemical manufacturer to a research-driven integrated player with focus on creating brands (+100 branded and +21 technical products) with differentiated products. It is working on multiple fronts (proprietary off- patent, inlicensing and new discovery) to enrich its product portfolio. Timely execution of this strategy can enable INST to sustain high growth rate overthe medium term. INST’s revenue from new launches (8 in FY19, 10 in FY20 and pipeline of 25 products) is expected to neutralize the expected revenue loss from FY22E due to ban of DDVP and Phorate. Backward integration for key inputs will aid in securing supplies for its Maharatna range of products apart from increasing the sale of technicals. We roll over to FY22 earningsand maintain Buy with target price of Rs 948 based on 13x Sept’21 earnings.
... Read more
7-Aug-19
Price @ Call: 634
Target: 762
BUY
We believe that IIL is well placed to grow in agro chemical sector in the longer run based on strong business model and robust pipeline of new products. Further, IIL is aiming to position itself as niche player by moving backward & forward and adding new products which will drive growth in the long term. We have marginally revised our earnings estimates. The stock is presently trading at 10.7x/9.8x on FY20E/21E EPS of Rs 57.6 (Vs Rs 58.3)/Rs 63.4 (unchanged), respectively. We maintain BUY on the stock with an unchanged target price of Rs 762, valuing the stock at 12x FY21E earnings.
... Read more
6-Aug-19
Price @ Call: 629.32
Target: 887
BUY
INST’s outperformance vis-à-vis domestic industry continued in Q1FY20. Revenue grew by 12.4% YoY driven by formulation business (particularly new launches). The performance is expected to sustain going forward as well, led by its strong product pipeline. INST is in the midst of transition from a me-too agrochemical manufacturer to a research-driven integrated player with focus on creating brands (+100 branded and +21 technical products) with differentiated products. It is working on multiple fronts (proprietary off- patent, inlicensing and new discovery) to enrich its product portfolio. Timely execution of this strategy can enable INST to sustain high growth rate overthe medium term. INST’s revenue from new launches (8 in FY19 and pipelineof 35 products) is expected to neutralize the expected revenue loss from FY22E due to ban of DDVP and Phorate. Backward integration for key inputs will aid in securing supplies for its Maharatna range of products apart from increasing the sale of technicals. We estimate 11% revenue CAGR and 7% PAT CAGR over FY19-21. Maintain Buy with target price of Rs 887 based on 13x FY21 earnings.
... Read more
11-Jul-19
Price @ Call: 650
Target: 762
BUY
We maintain our estimates. The stock is presently trading at 11.1x/10.2x on FY20E/21E EPS of Rs 58.3/Rs 63.5, respectively and is trading at discount to most of its peers. We upgrade our rating on the stock to BUY (Vs ADD), post correction since our last update. We maintain our target price of Rs 762, valuing the stock at 12x FY21E earnings.
... Read more
31-May-19
Price @ Call: 708.25
Target: 887
BUY
Backward integration for key inputs will aid in securing supplies for its Maharatna range of products apart from increasing the sale of technicals. We estimate 11% revenue CAGR and 7% PAT CAGR over FY19-21. Maintain Buy with revised target price of Rs887 (Previous – 896) based on 13x FY21 earnings.
... Read more
30-May-19
Price @ Call: 709.16
Target: 762
ADD
We believe that IIL is well placed to grow in agro chemical sector in the longer run based on strong business model and robust pipeline of new products. We have upgraded our revenue and earnings estimates for FY20E factoring in strong FY19 and improved performance of new products. We have introduced estimates for FY21E, as well. The stock is presently trading at 12.1x/11.1x on FY20E and 21E EPS of Rs 58.3 (Vs Rs 53.3) and Rs 63.5, respectively. We recommend ADD (Vs Buy) on the stock with revised target price of Rs 762 (Vs Rs 692 earlier), valuing the stock at 12x FY21E earnings, as we roll forward our valuations on FY21E.
... Read more
6-Feb-19
Price @ Call: 591
Target: 692
BUY
6-Feb-19
Price @ Call: 591
Target: 896
BUY
10-Jan-19
Price @ Call: 594.7
Target: 896
BUY

INSECTICID Share Price Target - Broker Reports - 2018

10-Aug-18
Price @ Call: 768.1
Target: 892
BUY
4-Jun-18
Price @ Call: 712.87
Target: 892
BUY
17-Apr-18
Price @ Call: 740
Target: 904
BUY
8-Feb-18
Price @ Call: 795.9
Target: 904
BUY

INSECTICID Share Price Target - Broker Reports - 2017

27-Dec-17
Price @ Call: 821.9
Target: 912
BUY
9-Oct-17
Price @ Call: 920.44
Target: 830
SELL
11-Aug-17
Price @ Call: 754.95
Target: 830
BUY
30-May-17
Price @ Call: 648
Target: 710
BUY
8-Feb-17
Price @ Call: 576
Target: 635
BUY
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  • INSECTICID Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3824.4
    Upside Target 2808.95
    Upside Target 1781.9
    Pivot766.45
    Downside Target 1739.4
    Downside Target 2723.95
    Downside Target 3696.9
  • INSECTICID Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 3847.73
    Upside Target 2821.22
    Upside Target 1788.03
    Pivot761.52
    Downside Target 1728.33
    Downside Target 2701.82
    Downside Target 3668.63
  • INSECTICID Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 31,143.65
    Upside Target 2976.25
    Upside Target 1856.55
    Pivot689.15
    Downside Target 1569.45
    Downside Target 2402.05
    Downside Target 3282.35
  • INSECTICID Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3808.95
    Upside Target 2792.72
    Upside Target 1782.69
    Pivot766.45
    Downside Target 1750.22
    Downside Target 2740.19
    Downside Target 3723.95
  • INSECTICID Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3821.22
    Upside Target 2798.41
    Upside Target 1784.32
    Pivot761.52
    Downside Target 1738.71
    Downside Target 2724.62
    Downside Target 3701.82
  • INSECTICID Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 3976.25
    Upside Target 2866.58
    Upside Target 1798.82
    Pivot689.15
    Downside Target 1579.48
    Downside Target 2511.72
    Downside Target 3402.05
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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