Insecticides (India) Limited (INSECTICID.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+69.9%

₹934.55

vs ₹550.00 price

Levered DCF

₹309.11

After debt service

Piotroski score

2 / 9

Weak

Altman Z-score

—

Rating

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	11.32×	12.88×	14.77×	21.86×	11.32×	10.44×	7.43×	11.39×
P/B	1.3×	1.69×	1.49×	1.51×	1.4×	1.19×	0.88×	2.11×
P/S	0.74×	0.91×	0.77×	0.77×	0.81×	0.69×	0.48×	1.18×
EV / EBITDA	6.89×	8.21×	8.94×	12.59×	7.14×	7.25×	4.93×	9.14×
Gross margin	22.2%	19.9%	14.4%	22.2%	25.3%	23.7%	24.5%	21.4%
Operating margin	9.0%	9.7%	18.1%	6.0%	9.7%	9.1%	10.2%	14.6%
Net margin	6.5%	7.1%	5.2%	3.5%	7.2%	6.6%	6.4%	10.3%
Current ratio	1.96×	1.83×	1.9×	1.62×	1.97×	1.86×	1.81×	1.58×
Debt / equity	0.13×	0.1×	0.09×	0.18×	0.06×	0.12×	0.26×	0.46×
Interest coverage	11.35×	28.23×	32.46×	7.95×	22.01×	19.32×	5.74×	11.39×
Dividend yield	0.4%	0.3%	0.6%	1.1%	0.0%	0.4%	2.3%	0.4%
Payout ratio	4.2%	4.2%	8.7%	23.4%	0.0%	4.4%	17.2%	4.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	11.5%	13.1%	10.1%	6.9%	12.4%	11.4%	11.9%	18.6%
Return on invested capital	10.3%	11.9%	24.6%	7.4%	11.8%	10.8%	11.4%	14.1%
Return on assets	7.0%	7.5%	6.0%	3.7%	7.7%	6.6%	6.7%	9.1%
Free cash flow yield	0.0%	3.1%	8.9%	-7.1%	5.6%	10.9%	33.0%	-12.2%
Earnings yield	8.8%	7.8%	6.8%	4.6%	8.8%	9.6%	13.5%	8.8%
Enterprise value	₹16.5B	₹18.8B	₹15.4B	₹15.3B	₹12.3B	₹10.7B	₹7.7B	₹17B
Net debt / EBITDA	0.29×	0.21×	0.15×	1.19×	0.1×	0.63×	0.79×	1.6×
Cash conversion cycle (days)	156	170	152	168	170	168	184	241