India Pesticides Ltd (BOM:543311)
₹ 209.35 -2.3 (-1.09%) Market Cap: 24.11 Bil Enterprise Value: 23.20 Bil PE Ratio: 38.13 PB Ratio: 2.92 GF Score: 74/100
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Q4 2024 India Pesticides Ltd Earnings Call Transcript

May 31, 2024 / 07:00AM GMT
Release Date Price: ₹215.2 (-1.76%)

Key Points

Positve
  • India Pesticides Ltd (BOM:543311) has expanded its market presence and signed contracts with esteemed Japanese customers.
  • The company initiated production in one of its subsidiaries, enhancing capability and market reach.
  • The formulation segment is gaining traction and brand value.
  • The China Plus One policy has helped diversify the supply chain and reduce dependency on China.
  • The company has a robust pipeline of new innovative products and increased market presence.
Negative
  • Revenue for FY24 declined by 23% compared to FY23.
  • Export turnover declined by 44% due to higher channel inventory and global destocking trends.
  • EBITDA margin for FY24 decreased to 15% from 24% in FY23.
  • The company faced significant challenges due to volatile raw material prices and global economic uncertainties.
  • Pricing pressure and sluggish global demand impacted profitability.
Operator

Ladies and gentlemen, good day, and welcome to India Pesticides Limited Q4 FY24 results conference call hosted by Dolat Capital. (Operator Instructions)

Please note that this conference is being recorded. I now hand the conference over to Mr. Nitesh Dhoot from Dolat Capital. Thank you, and over to you sir.

Nitesh Dhoot
Dolat Capital Market Private Ltd. - Analyst

Thank you, Yusaf. Good afternoon, everyone. On behalf of Dolat Capital, I would like to thank the management of India Pesticides Limited for giving us the opportunity to host their Q4 and FY24 earnings conference call. From the management team, we have with us today Mr. Anand Swarup Agarwal, Director; Mr. DK Jain, Chief Executive Officer; and Mr. SP Gupta, Chief Financial Officer.

Without further ado, I would like to hand over the call to the management for their opening remarks, post which we'll open the forum for a Q&A session. Thank you and over to you, sir.

Anand Agarwal
India Pesticides Ltd - Non-Executive Chairman of the Board

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