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Company Overview
Incorporation and Evolution:
- 1962: Originally incorporated as a subsidiary of Rohm and Haas Company, US, focused on chemicals.
- 1985: Merged with Modipon Limited and operated as a division until 2006.
- 2007: Became Indofil Organic Industries Limited (IOIL) and later rebranded as Indofil Industries Limited (Indofil).
Current Status:
- Indofil Industries Limited is a fully-integrated chemical company within the K. K. Modi Group, specializing in agrochemicals and specialty chemicals.
- It emphasizes manufacturing, distribution, and marketing of high-quality crop care products globally.
Business Strategy and Focus:
- R&D and Innovation: Invests significantly in R&D (₹45 Crores), with over 100 product brands.
- Quality Standards: Products meet ISO 9001, OHSAS 18001, and ISO 14001 standards.
- Strategic Goals: Aims to achieve a $2 billion enterprise value in the next three years through structured growth and innovation.
Key Indicators (FY18-19):
- R&D Investment: ₹45 Crores
- Number of Product Brands: 100+
- Geographical Presence: Operations in 96+ countries
- Employees: 1080 globally
- Patents Held: 8
Subsidiaries and International Operations:
- Operates subsidiaries in Netherlands, Bangladesh, Costa Rica, Brazil, and Philippines, focusing on agrochemical marketing and distribution.
- Joint ventures in China support backward integration for raw materials.
Manufacturing Facilities:
- Existing plants in Thane, Maharashtra and Dahej, Gujarat with significant capacities.
- Expanding capacities in Gujarat with new EBDC and Innovative Solution plants.
Export Market Highlights:
- Strong presence in Europe, Brazil, Philippines, and Bangladesh with tailored product offerings and localized strategies.
Indofil Industries Limited stands out for its robust global footprint, emphasis on innovation, and strategic expansion in key international markets, reinforcing its leadership in the agrochemical and specialty chemicals sectors.
Fundamentals
| Parameter | Value | Parameter | Value |
|---|---|---|---|
| Current Price | ₹ 875 | Debt to Equity | 0.19 |
| Market Cap (in Cr.) | ₹ 1864 | Face Value | ₹ 10 |
| Book Value | ₹ 1370 | ROE (%) | 8.3 |
| P/B (Price-to-Book) | 0.64 | P/E Ratio | 7.7 |
| PAN Number | AABCI4568D | EPS | ₹ 113.62 |
| ISIN | INE071I01016 | No. of Shares (in Cr.) | 21.3 |
Promoters & Managements
| Name | Designation |
|---|---|
| Dr. Bina Modi | Chairman & MD |
| Ms. Charu Modi | Executive Director |
| Rajinder Malhotra | CEO |
Profit & Loss Statement
| Year | 2022 | 2023 |
|---|---|---|
| Revenue | ₹ 2882 | ₹ 3130 |
| Cost of Material Consumed | ₹ 1901 | ₹ 1923 |
| Gross Margins (%) | 31.99% | 36.68% |
| Change in Inventory | -262 | 18 |
| Employee Benefit Expenses | ₹ 219 | ₹ 202 |
| Other Expenses | ₹ 580 | ₹ 514 |
| EBITDA | ₹ 357 | ₹ 380 |
| OPM (%) | 12.77% | 12.51% |
| Other Income | ₹ 87 | ₹ 93 |
| Finance Cost | ₹ 45 | ₹ 46 |
| D&A | ₹ 90 | ₹ 87 |
| EBIT | ₹ 267 | ₹ 293 |
| EBIT Margins (%) | 9.55% | 9.65% |
| PBT | ₹ 308 | ₹ 339 |
| PBT Margins (%) | 11.02% | 11.16% |
| Tax | ₹ 89 | ₹ 97 |
| PAT | ₹ 219 | ₹ 242 |
| NPM (%) | 7.84% | 7.97% |
| EPS (₹) | ₹ 102.82 | ₹ 113.62 |
Financial Ratios
| Ratio | 2022 | 2023 |
|---|---|---|
| Operating Profit Margin (%) | 12.77% | 12.51% |
| Net Profit Margin (%) | 7.84% | 7.97% |
| Earning Per Share (Diluted) (₹) | ₹ 102.82 | ₹ 113.62 |
Assets (in ₹ Crores)
| Asset Category | 2022 | 2023 |
|---|---|---|
| Fixed Assets | ₹ 602 | ₹ 698 |
| CWIP (Capital Work in Progress) | ₹ 119 | ₹ 150 |
| Investments | ₹ 899 | ₹ 1464 |
| Trade Receivables | ₹ 785 | ₹ 758 |
| Inventory | ₹ 641 | ₹ 689 |
| Other Assets | ₹ 798 | ₹ 373.5 |
| Total Assets | ₹ 3844 | ₹ 4132.5 |
Liabilities (in ₹ Crores)
| Liability Category | 2022 | 2023 |
|---|---|---|
| Share Capital | ₹ 21.3 | ₹ 21.3 |
| FV (Face Value) | ₹ 10 | ₹ 10 |
| Reserves | ₹ 2199 | ₹ 2896 |
| Borrowings | ₹ 679 | ₹ 559 |
| Trade Payables | ₹ 818 | ₹ 439 |
| Other Liabilities | ₹ 126.7 | ₹ 217.2 |
| Total Liabilities | ₹ 3844 | ₹ 4132.5 |
Cash Flow Statement (in ₹ Crores)
| Category | 2022 | 2023 |
|---|---|---|
| Cash Flow from Operations | ||
| PBT | 296 | 295 |
| OPBWC (Operating Profit Before Working Capital Changes) | 390 | 410 |
| Change in Receivables | -9 | 26 |
| Change in Inventories | -285 | -47 |
| Change in Payables | 323 | -371 |
| Other Changes | 33 | -2 |
| Working Capital Change | 62 | -394 |
| Cash Generated From Operations | 452 | 16 |
| Tax | -55 | -83 |
| Cash Flow From Operations | 397 | -67 |
| Cash Flow from Investment | ||
| Purchase of PPE | -73 | -86 |
| Sale of PPE | 25 | 1 |
| Cash Flow From Investment | -15 | 1 |
| Cash Flow from Financing | ||
| Borrowing | -86 | -130 |
| Dividend | -18 | -9 |
| Equity | 0 | 0 |
| Others From Financing | -47 | -45 |
| Cash Flow from Financing | -151 | -184 |
| Net Cash Generated | 231 | -250 |
| Cash at the Start | 294 | 391 |
| Cash at the End | 525 | 141 |
Share Holding Pattern
| Shareholder | 2022 | 2023 |
|---|---|---|
| K.K. Modi Investment And Financial Services Pvt. Ltd. | 44.75% | 44.75% |
| APMS Investment Fund Limited (FII) | 7.13% | 7.13% |
| U.P. State Industrial Development Corporation Ltd. | 9.45% | 9.45% |
| Rajputana Developers Limited | 8.35% | 8.35% |
| Others | 30.32% | 30.32% |
Frequently Asked Questions (FAQ)
Find answers to common questions, providing clarity and insights to address any queries on your mind.
Contact Us: Reach out to Unlistify to confirm availability and agree on a price.
Provide KYC: Submit your Client Master Report, PAN card, and a cancelled cheque.
Make Payment: Transfer funds to our designated bank account (RTGS/NEFT/IMPS/cheque). Ensure the payment originates from the same account where you want the shares credited.
Receive Shares: We’ll transfer the Indofil Industries shares to your Demat account within 24 hours of payment confirmation.
Get a Quote: Unlistify will provide a buyback price for your Indofil Industries shares.
Share Details: Submit your Client Master Report.
Transfer Shares: Transfer the Indofil Industries shares to our Demat account using a DIS (Delivery Instruction Slip).
Receive Payment: We’ll transfer funds to your bank account within 24 hours of receiving the shares (RTGS/NEFT/IMPS/cheque). For security reasons, payment will only be made to the account linked to your Demat
DIS (Delivery Instruction Slip): A DIS is a form used to authorize the transfer of shares from your Demat account.
Methods:
Offline DIS: Fill out a physical DIS form with details like the ISIN number, quantity, price of your Indofil Industries shares, and our account information. Submit this to your broker.
Online DIS: Some brokers offer online DIS systems for easier transfers.
Unlistify aims to make unlisted share investing accessible. The current minimum investment for Indofil Industries Unlisted Shares is approximately 35,000 – 50,000 INR.
Limited Liquidity: Unlisted shares are not traded on public exchanges, making it potentially harder to find buyers when you want to sell.
Price Volatility: Prices can fluctuate more than listed shares due to less publicly available information.
Regulatory Changes: Regulations for unlisted shares can change, affecting their value and trading.
Company-Specific Risks: Each company has its own risks related to its industry, financials, and management.
No Guarantee of Listing: There’s no assurance that unlisted shares will ever be listed on a public exchange.
Market Leader: Unlistify is one of India’s fastest-growing unlisted share platforms.
Transparency: We provide clear information about each unlisted share, including potential risks.
Security: We prioritize the protection of your financial information.
Customer Support: Our team is dedicated to guiding you through the investment process.
Latest Funding: We consider the valuation from Indofil Industries most recent funding round.
Comparable Companies: If there’s no recent funding, we analyze similar listed companies to estimate a fair value.
SEBI’s Influence: SEBI regulations do apply to some aspects of unlisted share trading, such as lock-in periods and transaction charges. However, there are no specific SEBI regulations for becoming an unlisted broker.
We aim for same-day transfer of Indofil Industries Unlisted Shares to your Demat account after your payment is confirmed.
Tax Transition: Once your unlisted Indofil Industries shares are listed and sold on an exchange, standard listed share tax rules apply.
Holding Period: Your holding period (for determining long-term vs. short-term capital gains tax) starts from the original unlisted purchase date.
