Indofil Industries Limited Unlisted Shares
INDOFIL INDUSTRIES LIMITED
INDOFIL INDUSTRIES LIMITEDThe Management of INDOFIL establish by a BOARD OF DIRECTORS, with great experience and wisdom. Quality as a Foundation and winning as a Passion is what explain our Group Chairman, MR. K. K. MODI, who regular see his group companies to reinvent and redefine themselves.
INDOFIL has a very large domestic base and a well-recognized international presence. Their product are such as businesses viz, Agricultural Chemicals and Specialty & Performance Chemicals are poised for much faster growth through partnerships and joint ventures for manufacturing, marketing and research and development activities with prospective companies all over the world.
FINANCIAL SUMMARY
J in Crores
| Particulars | FY 2020-21 | FY 2019-20 | YoY Change (in %) |
| Consolidated Total Income | 2441 | 2236 | 9% |
| EBITDA | 467 | 274 | 70% |
| PBT before exceptional item | 290 | 97 | 199% |
| PBT after exceptional item | 141 | 66 | 114% |
| PAT | 67 | 95 | -29% |
| Total Equity | 1953 | 1927 | 1% |
BUSINESS OVERVIEW
While challenges present themselves in unique ways, we at Indofil realise the value of perseverance and prudence. It guides us to Adapt to change, Achieve phenomenal success and Aspire for sustainable progress – keeping our long-term vision intact, without losing sight of our goals.
Keeping pace with the evolving market dynamics and the changing user demands, we are constantly restructuring our practices and
processes, protecting the very essence of sustainability in all our endeavours. From developing unique and eco-friendly solutions to improving farm productivity and adapting to a remote work culture amidst a pandemic, we are aligning our priorities and leveraging our strengths to deliver exceptional solutions.
With an ardent focus on a value- accretive product pipeline, we are consistently ramping up our capacity to streamline operations and lay the grounds for remarkable achievements. Banking on our robust R&D capabilities, we now aspire to fulfil goals with a clear and concerted roadmap for success. Our ability to consistently develop sustainable and innovative solutions that prioritise the needs of our end users, across geographies without impacting our natural ecosystem, empowers our aspirations to lead the change.
COVID-19 Pandemic
The fiscal year 2020-21 was tough for businesses worldwide. With the sudden outbreak of the Covid-19 pandemic, the world witnessed major challenges. Lives as well as livelihoods were lost.
For Indofil too, it was a challenging year. But, we realized the importance of looking within and reinforcing our strengths and beliefs. We remained resolute in the face of adversity and emerged stronger. We also sustained remarkable progress, both in the domestic as well as international arena.
TIDING THROUGH CRISIS
The Covid-19 pandemic posed serious operational and financial challenges on businesses across the world. The global economy witnessed its worst-ever recession resulting from the lockdowns
imposed worldwide to contain the spread of the virus. The pandemic disrupted almost all economic activity, especially during the first two quarters of 2020. Like other countries, India too recorded a sharp contraction in GDP growth in the first two quarters of the fiscal year 2020-21. On a whole year, the GDP contracted by 7.3% for
FY 2020-21.
However, the Indian economy is on the path to recovery, owing to astute government efforts to offer
relief to an ailing economy. India, at present, is undergoing a V-shaped economic turnaround. With the rapid implementation of Covid-19 vaccination campaigns across the country, a strong recovery is expected for achieving sustainable growth.
Agriculture continues to play a vital role in reviving the economy. Even in the face of adversity, India’s agricultural sector demonstrated its strength. As per the first advance estimates of
the Economic Survey 2020-21, the agriculture sector registered a growth rate of 3.4% at constant prices, during FY 2020-21.
Agrochemicals continue to improve agricultural production amidst decreasing cultivable area, limited area under irrigation and increasing stress on cultivable land. The sector provides much-needed impetus to fulfil the food requirements of the country’s
| PARTICULARS | AS AT 31 MARCH 2021 | AS AT 31 MARCH 2020 |
| Equity share capital | 1,394.39 | 1,275.58 |
| Total equity | 1,415.74 | 1,296.93 |
| Earnings per equity share of nominal value H10 each- Basic and Diluted | 60.30 | 31.46 |
- Indofil Industries Limited Annual Report 2020-21
- Indofil Industries Limited Annual Report 2019-20
- Indofil Industries Limited Annual Report 2018-19
- Indofil Industries Limited Annual Report 2017-18
- Indofil Industries Limited Annual Report 2016-17
- Indofil Industries Limited Annual Report 2015-16
- Indofil Industries Limited Annual Report 2014-15
Indofil Industries Limited Unlisted Shares Details
| Total Available Shares | 500 |
| Face Value | ₹ 10 Per Equity Share |
| Lot Size | 100 Shares |
| Present Unlisted Share Price | ₹1300 Per Equity Share |
Financials of Indofil Industries Limited Unlisted Shares:
(Fig. in Crores)
| Year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Equity | 21.35 | 21.35 | 21.35 | 21.35 | 21.35 | 21.35 | 21.35 |
| FV | 10 | 10 | 10 | 10 | 10 | 10 | 10 |
| Book value | 511.16 | 442.77 | 751.81 | 775.24 | 936 | 902 | 915 |
| Particulars | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Total Income | 1129 | 1366 | 1499 | 1644 | 1774 | 1977 | 2279 | 2235 | 2440 |
| EBIDTA | 132 | 234 | 281 | 287 | 362 | 353 | 391 | 306 | 468 |
| Depreciation | 23 | 54 | 56 | 33 | 46 | 55 | 91 | 118 | 64 |
| Profit Before Tax | 62 | 102 | 153 | 211 | 280 | 242 | 228 | 65 | 140 |
| Profit After Tax | 62 | 90 | 145 | 163 | 218 | 213 | 185 | 78 | 67 |
| Equity | 2.135 | 2.135 | 2.135 | 2.135 | 2.135 | 2.135 | 2.135 | 2.135 | 2.135 |
| EPS per Share Basic | 44 | 44 | 69 | 76 | 102 | 100 | 88 | 37 | 32 |
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Indofil Industries Limited Unlisted Share – Company Overview
INDOFIL INDUSTRIES LIMITED(Indofil) is one of the largest players in the agricultural Chemicals as well as Industrial Chemicals segment. Indofil Industries Limited has now a well-equipped manufacturing infrastructure, an experienced Research and Development team, and an excellent distribution network in the global marketplace.
Indofil Industries Limited is now present in more than 120 countries. Indofil Industries Limited is a successful marketer of Insecticides in India. The company is a promoter of the “Crop Care Concept”, where the needs and problems of the crops are identified and attempts are made to fulfill all the needs and solve the problems in a systematic approach.
Indofil Industries Limited is also a leader in the manufacturing of specialty performance chemicals and supplies its products to a wide variety of small, medium, and large industrial manufacturers across the globe. The Specialty and Performance Chemical Division (SPCD) is headquartered in Mumbai and its manufacturing facilities are located in Thane, Vashi(Navi Mumbai), and Vapi in Gujarat.
The company has started a new initiative called “IndoLife Super Specialities”, in which they will work mainly to improve the return on investments for farmers by providing research-based innovative solutions. The department will address various issues at different stages of crop growth.
Indofil Industries Limited Details as of March 31, 2022
Indofil Industries Outstanding Shares: | 21,400,000 |
Face Value of Indofil Industries Unlisted Share: | Rs. 10 Per Equity Shares |
ISIN of Indofil Industries Limited Unlisted Share: | INE071I01016 |
Lot Size of Indofil Industries Limited Unlisted Share: | 50 Shares |
Indofil Industries Share Price: | Best in Industry |
PAN Number of Indofil Industries Limited: | AABCI4568D |
Incorporation Details of Indofil Industries Limited
Indofil Industries Limited CIN Number | U24110MH1993PLC070713 |
Indofil Industries Limited Registration Date | 09-Feb-93 |
Category / Sub-Category of Indofil Industries | Company limited by Shares |
Indofil Industries Registered Office Address | Kalpataru Square, 4th Floor, Andheri Kurla Road, Andheri East, Mumbai – 400059 |
Indofil Industries Limited Company Registrar & Transfer Agent Address and Contact Details | MAS Services Limited, T – 34, 2nd Floor, Okhla Industrial Area, Phase II, New Delhi – 110020 |
Particulars of Subsidiary and Associate Companies of Indofil Industries Limited
| Name of the Company | Subsidiary | % of shares held |
| Good Investment (India) Limited | Subsidiary | 100% |
| Quick Investment (India) Limited | Subsidiary | 100% |
| Indo Baijin Chemicals Private Limited | Subsidiary | 51% |
| Indofil Bangladesh Industries Private Limited | Subsidiary | 100% |
| Indofil Costa Rica S.A., Sanjose | Subsidiary | 100% |
| Indofil Industries (Netherlands) BV | Subsidiary | 100% |
| Indofil Industries (International) BV | Subsidiary | 100% |
| Indofil Industries DO Brasil LTDA | Subsidiary | 100% |
| Indofil Philippines Incorporated | Subsidiary | 100% |
| Agrowin Bioscience s.r.l. | Subsidiary | 80% |
| Indo Reagens Polymer Additives Private Limited | Associate/Joint Venture | 49.90% |
| PT Industries Indonesia | Subsidiary | 100% |
| Finkotech Private Limited | Subsidiary | 100% |
Board of Directors of Indofil Industries Limited
Dr. Bina Modi (Chairperson and Managing Director)
Ms. Charu Modi (Executive Director)
Mr. Samir Modi (Non-Executive and Non-independent director)
Ms. Aliya Modi (Non-Executive and Non-independent director)
Mr. Sunil K. Alagh (Non-Executive and Independent Director)
Mr. M. N. Thakkar (Non-Executive and Independent Director)
Mr. Sanjay Buch (Non-Executive and Independent Director)
Mr. S. Lakshminarayanan, IAS(Retd.) (Non-Executive and Independent Director)
Dr. Atchutuni L. Rao (Whole-time Director)
Principal Business Activities of Indofil Industries Limited
| Name and Description of main products/services | NIC Code of the product/service | % to total turnover of the Company |
| Agro Chemicals | 20211 | 86% |
| Specialty & Performance Chemicals | 20297 | 14% |
Shareholding Pattern of Indofil Industries Limited (As of 31-03-2020).
| S. No. | Shareholders’ Name | No. of Shares | % of total Shares of the company |
| 1 | Promoters Shareholding | 1,42,63,475 | 62.128 |
| 2 | Public Shareholding | 86,94,747 | 37.862 |
| Total | 2,29,58,222 | 100 |
Industry Outlook
Agro Chemical is the second largest and the fastest growing segment in the Indian agri-input industry. With the recent outbreak of Covid-19, almost all the sectors of the economy are affected, leaving out only a few niche segments. Sectors that produce raw materials like agrochemicals including pesticides and insecticides are currently in high demand as agriculture and other allied activities are defined as essential commodities in the country. Pests and diseases, on average, destroy around 20-25% of the total food produced in India. India has been losing agricultural production worth Rs 1.48Lakh crore annually, due to the damage caused by pests, weeds, and plant diseases. Agrochemicals act as a key input for crop protection and better yield. As per a report, the cost of pesticides is roughly around 0.4% of the total cost incurred by farmers.
The global market for agrochemicals is expected to grow at a cagr of 4.3% between 2019 and 2024and can reach $299.8billion by 2024. The industry is being significantly shaped by new developments such as precision farming, integrated pest management (IPM), and off-patent products. India is the 4thlargest producer of agrochemicals after the United States, Japan& China. The agrochemicals industry is broadly classified into insecticides, herbicides, fungicides, rodenticides, biopesticides, and nematicides. Demand for Insecticides constitutes around 60% of the overall demand in the industry. Maximum consumption of crop protection chemicals arises from the state of Andhra Pradesh, followed by states like Maharashtra, Punjab, Madhya Pradesh, Chhattisgarh, Gujarat, Tamil Nadu, and Haryana.
The future of agrochemicals is bright. And the growth can be attributed to global population growth, growing impetus to prevent crop loss and increase yields, and rising consumer demands for sustainably produced food. However, there are some factors that can slow down the growth of the industry. These factors are Longer product development cycles and escalating costs, Increasing severity of regulatory requirements, and Government farm subsidy reduction.
Talking about the Speciality chemical industry, the Global specialty chemical market is expected to grow at a cagr of around 4%, between 2020 and 2025. It is expected to reach a market size of $1.2 trillion by 2024. Major factors driving this market growth are the increasing efforts for oil exploration and production, and the robust growth of construction activities, especially in the Asia-Pacific and the Middle East& African regions. On the contrary, increasing environmental regulations and decreasing fossil fuel reserves may hamper the growth of the market. In India, the segment is expected to grow at a CAGR of 12% to reach over $87 billion by 2025.
Annual Report-2022-23
