with a market valuation of 1,954.32 Crore, Insecticides India Limited (IIL) is a small-cap company dealing in the commodity industry. Pesticides (India) is one of the leading brands in the crop protection business. Pesticides (India) today manufactures all types of insecticides, weedicides, fungicides and PGRs for all types of crops and domestic use with over 100 formulation items and 15 technical products. IIL’s over 100 product categories in the brand industry include agrochemicals, household pesticides and organic products. The Board of Directors of the Company has announced the record date for the purpose of Bonus Equity Shares with 1:2 ratio.
The Company in a regulatory filing today said that “With reference to our letter No. IIlSE/2022/200811 dated August 20, 2022, in which we have informed that the Board has recommended issuance of Bonus Equity Shares in the ratio of 1: 2, ie 1 (one) equity share 10/- each for 2 (two) fully paid-up equity shares 10/- each held, subject to approval by the shareholders and any other regulatory approvals. We would now like to inform you that, in accordance with Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Monday, October 03, 2022 as the ‘Record Date’ for the purpose of determining the eligible members for issue of bonus. has done. equity shares of the company.”
For the quarter ended June 2022, the company recorded promoter holding of 72.16%, FII holdings of 6.66%, DII of 10.98% and Public shareholding of 10.20%. The shareholding of promoters and foreign institutional investors (FIIs) was at its highest level since September 2019. Shares of Insecticides India Limited closed on Friday. 985.05 each, down 1.00% from the previous close 995. In the last 1 year, the stock has increased by 39.00% and on YTD basis, the stock has increased by 37.17% so far in 2022. When compared to its competitors, such as Astec Lifesciences Ltd., Rallis India, Bharat Chemicals, Sumitomo Chemical India Ltd., and PI Industries, the stock is valued with a P/B ratio of 2.23 and a P/E ratio of 17.57.
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