RATING

RECOMMENDATION

Neutral

  • ROFR Required
  • Available in Depository:

  • NSDL

  • CDSL

  • Available for Investment:

  • Primary

  • Secondary

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

RATING

RECOMMENDATION

Neutral

Business Type

Traditional Business

  • Indofil Industries Limited Growth

Get detailed information about the Indofil Pre IPO shares. In this research report, you will get to know about Indofil Industries Limited Key Ratio data. In addition, get the Complete details about the Net Profit Growth, Revenue Growth and Book Value Growth.

Indofil Industries Limited Revenue Growth

Growth in %

  • 9.15%

    1 Year

  • 5.77%

    3 Year

  • 7.22%

    5 Year

In FY21, the revenue of the company increased by 9% year-on-year (y-o-y) as the revenue from agrochemical sector grew by 13.7% y-o-y. Moreover, the goods production and improved prices of seasoned key food crops like potato and paddy, helped record good growth in key of the company's core products like indofil, m45, avtar, sprint, indofil z78 and merger which also increased the revenue. Also the international business outperformed expectations despite covid challenges and challenging global agrochemicals market scenario. It offered realignment of distribution expansion, entry in new markets, penetrate the markets of Asia Pacific and improvement of market share in plantation business for Central and South America region.

Indofil Industries Limited Net Profit Growth(PAT)

Growth in %

  • -29.36%

    1 Year

  • -34.30%

    3 Year

  • -16.05%

    5 Year

In FY21, PAT of the company decreased by 29% as the company paid 5 times current taxes in FY21 as compared to FY20. In FY21 as compared to FY20, the company paid 113% more expected income tax expense at statutory tax rate, almost 9 times more tax effect of expenses not deductible, paid tax effect on differential tax rate and reversal of entitlement of minimum alternate tax (MAT) credit. The temporary supply chain restrictions and rising freight costs did impact Company’s suppliers but Company could pass on increased costs and improved it’s margin.

Indofil Industries Limited EPS Growth

Growth in %

  • -29.28%

    1 Year

  • -34.26%

    3 Year

  • -16.03%

    5 Year

In FY21, EPS of the company decreased by 29% as the company paid 5 times current taxes in FY21 as compared to FY20. In FY21 as compared to FY20, the company paid 113% more expected income tax expense at statutory tax rate, almost 9 times more tax effect of expenses not deductible, paid tax effect on differential tax rate and reversal of entitlement of minimum alternate tax (MAT) credit.

  • Indofil Industries Limited Book Value Growth

Growth in %

  • -1.23%

    1 Year

  • 5.97%

    3 Year

  • 5.87%

    4 Year

In FY21, the book value of the company increased due to higher retention of profit then paying dividend. The company transferred Rs.26 crores of net income to the reserves and surpluses which increased the other equity in FY21.

Indofil Industries Limited EBITDA Growth

Growth in %

  • 52.67%

    1 Year

  • 5.74%

    3 Year

  • 7.82%

    5 Year

In FY21, EBITDA of the company increased by 53% in the current year as compared to FY20 as the revenues increased by 10% while total expenses decreased by 3%. Moreover, the company reduced its employee benefit expense by 5%. It is worth to note that improved manufacturing processes result in better quality and efficiency and reduction in raw material consumption, solvent load, and water load (effluent)

Indofil Industries Limited Operating Profit Growth

Growth in %

  • 89.23%

    1 Year

  • 3.09%

    3 Year

  • 5.46%

    5 Year

In FY21, operating profit of the company increased by 89% as the revenues increased by 9% while the cost of goods sold increased by 5%. Revenues of the company increased as there was an increase in revenue from agrochemicals by 13.7% y-o-y. Also, there was an increase in cost of goods sold by 7% y-o-y.

Indofil Industries Limited Asset Growth

Growth in %

  • -8.09%

    1 Year

  • -0.48%

    3 Year

  • 9.02%

    5 Year

In FY21, the total assets of the company decreased as the other intangible assets reduced by 50% y-o-y. Moreover, the assets reduced due to accumulated amortization provision for impairment in product development of Rs. 114 crores in FY21 which was not the case in FY20.

Indofil Industries Limited Cash Flow from Operations

Growth in %

  • 128.70%

    1 Year

  • NA

    3 Year

  • 19.21%

    5 Year

In FY21, the cash flow from operation of the company increased by 129% y-o-y as the company made a provision for impairment, written off intangible assets and intangible assets under development of 149.5 crores. Also there was an increase in trade payables of Rs. 125.3 crores in FY21 as compared to decrease in trade payables of Rs. 134.6 crores in FY20.

  • Indofil Industries Limited Solvency Ratios

Indofil Industries Limited D/E Ratio

In FY21, the debt to equity ratio reduced by 21.4% y-o-y because the company made pre payment of loans and reduced borrowing by 33.5% y-o-y versus the previous year. Also, there was increase in total equity due to increase in other equity by 1.3% y-o-y.

Indofil Industries Limited Current Ratio

In FY21, the current ratio of the company increased as the current assets remained almost the same whereas the current liabilities decreased due to decrease in trade payable and other financial liabilities y-o-y.

Indofil Industries Limited Quick Ratio

In FY21, the quick ratio of the company increased as the current liabilities decreased due to decrease in trade payable and other financial liabilities y-o-y.

Indofil Industries Limited Interest Coverage Ratio

In FY21, the interest coverage ratio improved due to reduced borrowing which lowered the finance cost of the company. The company can pay off its debt obligations comfortably.

  • Indofil Industries Limited Operating Efficiency

 

Indofil Industries Limited Operating Profit EBIT Margin(OPM)

In FY21, the company's EBIT margin increased as the company's EBIT increased by 89% y-o-y whereas the revenues increased by 9% y-o-y. The EBIT margin increased as the revenue increased whereas the total expenses of the company almost remained the same y-o-y. 

Indofil Industries Limited Profit Before Tax Margin (PBT Margin)

In FY21, the company's PBT margin increased as the company's PBT increased by 113% y-o-y whereas the revenues increased by 9% y-o-y. The PBT margin increased as the revenues increased as the total expenses growth of the company increased less than the growth of the revenues of the company.

Indofil Industries Limited Profit After Tax Margin (PAT Margin)

In FY21, the company's PAT margin reduced as the company's PAT decreased due to increase in current tax by 5 times in FY21 y-o-y and with deferred tax of Rs. 10.9 crores whereas there was deferred tax income of Rs. 28.7 crores in FY20.

  • Indofil Industries Limited Profitablity Ratio

Indofil Industries Limited Return on Equity(RoE)

In FY21, return on equity decreased as per dupont analysis, as the net profit margin of the company reduced due to increase in total revenue by 10% y-o-y and net income decreased by 29% y-o-y in FY21 due to increase in tax expense. Asset turnover of the company increased with increase in total revenues by 10% y-o-y and decrease in total assets by 8.1% y-o-y. Total assets of the company decreased due to decrease in other intangible assets by 50% y-o-y. The equity multiplier of the company increased with total assets increasing more than the increase in total equity. The total equity of the company increased with increase in other equity by 1.3% y-o-y.

Indofil Industries Limited Return on Capital Employed(RoCE)

In FY21, return on capital employed improved because of reduction in borrowing which reduce capital employed. This reduction in capital employed shifts ROCE upward. 

Indofil Industries Limited Return to Assets (RoA)

In FY21, return on assets decreased as the net profit decreased by 29% y-o-y in FY21 whereas total assets decreased by 8.1% y-o-y. Moreover, total assets decreased due to reduction in other intangible assets by 50% in FY21. Net profit decreased as there was increase in tax expense in FY21 whereas there was a decrease in tax expense in FY20.

  • Indofil Industries Limited Valuation Ratios

Indofil Industries Limited Dividend Yield

Indofil Industries Limited Earning Yield