Buy India Pesticides, target price Rs 385: JM Financial

JM Financial has buy call on India Pesticides with a target price of Rs 385. The current market price of India Pesticides Ltd. is Rs 305.45.

Time period given by analyst is one year when India Pesticides Ltd. price can reach defined target.

India Pesticides Ltd., incorporated in the year 1984, is a Small Cap company (having a market cap of Rs 3492.33 Crore) operating in Pesticides/Agro Chemicals sector.


India Pesticides Ltd. key Products/Revenue Segments include Agrochemicals and Export Incentives for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 182.32 Crore, up 4.74 % from last quarter Total Income of Rs 174.08 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 42.09 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 66.17 per cent stake in the company as of 30-Sep-2021, while FIIs owned 2.99 per cent, DIIs 2.3 per cent.