Indofil Industries ltd - Unlisted Shares
Fundamentals
- Current Price
- ₹1,600
- Market Cap
- ₹3,673.32 Cr
- ISIN
- INE071I01016
- Face Value
- ₹10
- P/E Ratio
- 7.85
- EPS
- ₹203.92
- P/B Ratio
- 0.57
- Book Value
- ₹2830
- Debt / Equity Ratio
- 0.037
Key Financials
Profit & Loss
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3324.7 | 3,068.77 | 3,046.63 | 2,795.09 | 2,428.95 | 2,216.33 | 2,251.76 |
| Growth % | 8.34% | 0.73% | 9.00% | 15.07% | 9.59% | -1.57% | 0 |
| Operating Expenses | 2783.4 | 2,626.33 | 2,667.76 | 2,438.62 | 1,974.22 | 1,930.60 | 1,875.04 |
| Growth % | 5.98% | -1.55% | 9.40% | 23.52% | 2.26% | 2.96% | 0 |
| Operating Profit | 541.37 | 442.44 | 378.87 | 356.47 | 454.73 | 285.73 | 376.72 |
| Op. Profit Margin % | 16.28% | 14.42% | 12.44% | 12.75% | 18.72% | 12.89% | 16.73% |
| Other Income | 94.49 | 49.94 | 48.82 | 75.03 | 11.88 | 19.55 | 12.44 |
| Finance Costs | 25.56 | 39.34 | 46.07 | 45.23 | 64.73 | 89.88 | 68.83 |
| Depreciation | 91.7 | 89.36 | 86.84 | 89.87 | 111.74 | 118.10 | 91.36 |
| Exceptional Items | 0 | 0.00 | 10.32 | 0.00 | 149.54 | 31.41 | 0.00 |
| Profit Before Tax | 518.60 | 363.68 | 284.46 | 296.40 | 140.60 | 65.89 | 228.97 |
| Tax | 136.8 | 89.76 | 97.16 | 89.36 | 93.06 | -12.79 | 43.29 |
| Tax % | 4.12% | 2.92% | 3.19% | 3.20% | 3.83% | -0.58% | 1.92% |
| Profit After Tax | 381.78 | 273.92 | 187.30 | 207.04 | 47.54 | 78.68 | 185.68 |
| Growth % | 39.38% | 46.25% | -9.53% | 335.51% | -39.58% | -57.63% | 0 |
| PAT % | 11.48% | 8.93% | 6.15% | 7.41% | 1.96% | 3.55% | 8.25% |
| Diluted EPS | 203.92 | 155.57 | 112.94 | 102.49 | 31.35 | 44.37 | 88.40 |
Company Financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 22.73 | 21.35 | 21.35 | 21.35 | 21.35 | 21.35 | 21.35 |
| Reserves | 6476.50 | 3973.00 | 2896.18 | 2201.50 | 1931.35 | 1905.67 | 1979.60 |
| Total Equity | 6,499.23 | 3994.35 | 2917.53 | 2222.85 | 1952.70 | 1927.02 | 2000.95 |
| Borrowings | 1.4 | 53.32 | 116.28 | 175.76 | 278.52 | 422.49 | 527.94 |
| Provision | 0.68 | 10.83 | 15.10 | 17.47 | 10.79 | 25.91 | 23.95 |
| Other Non-Current Liabilities | 617.45 | 226.37 | 124.17 | 41.03 | 19.07 | 25.02 | 20.55 |
| Total Non Current Liabilities | 619.53 | 290.52 | 255.55 | 234.26 | 308.38 | 473.42 | 572.44 |
| Borrowings | 235.99 | 309.97 | 442.71 | 502.95 | 493.33 | 587.14 | 596.80 |
| Other Current Liabilities | 647.84 | 561.79 | 516.77 | 884.43 | 592.85 | 564.23 | 736.71 |
| Total Current Liabilities | 883.83 | 871.76 | 959.48 | 1387.38 | 1086.18 | 1151.37 | 1333.51 |
| Equity + Liabilities | 8002.59 | 5156.63 | 4132.56 | 3844.49 | 3347.26 | 3551.81 | 3906.90 |
| Fixed Assets (incl. WIP) | 564.38 | 585.10 | 607.07 | 613.56 | 809.76 | 700.16 | 737.26 |
| Other Non Current Assets | 5061.32 | 2590.32 | 1694.13 | 1112.16 | 924.07 | 1325.55 | 1388.69 |
| Total Non Current Assets | 5,625.70 | 3175.42 | 2301.20 | 1725.72 | 1733.83 | 2025.71 | 2125.95 |
| Trade Receivables | 1,109.09 | 902.88 | 758.01 | 784.71 | 774.88 | 772.03 | 823.94 |
| Cash & Cash Equivalents | 534.89 | 406.57 | 231.55 | 519.85 | 316.10 | 194.18 | 188.20 |
| Other Current Assets | 732.71 | 671.46 | 840.48 | 813.85 | 503.49 | 559.89 | 768.81 |
| Total Current Assets | 2,376.69 | 1980.91 | 1830.04 | 2118.41 | 1594.47 | 1526.10 | 1780.95 |
| Assets Held for Sale | 0.2 | 0.30 | 1.32 | 0.36 | 18.96 | 0.00 | 0.00 |
| Total Assets | 8002.59 | 5156.63 | 4132.56 | 3844.49 | 3347.26 | 3551.81 | 3906.90 |
Shareholding Pattern
- K.K.Modi Investment and Financial Services Private Limited
- 45.39%%
- U.P. State Industrial Development Corporation Limited
- 9.59%%
- Rajputana Developers Limited
- 8.47%%
- APMS Investment Fund Limited (FII)
- 6.21%%
- Other
- 30.34%%
Strengths & Weaknesses
Strengths
- Strong Market Position:The company demonstrated robust growth, achieving a consolidated revenue of ₹3,325 crore , EBITDA of ₹541.37 crore , and a PAT of ₹381 crore. This performance was driven by volume growth, effective pricing, and cost discipline. The company's net worth also saw significant growth over the past five years
- Strong Financial Performance:IIL has a strong presence in fungicides, with 12% CAGR growth and operations in over 120 countries. Exports make up 40%-45% of revenue, which reached Rs 324crores in fiscal 2025.
- Extensive Distribution Network: With 892 product registrations and 550 global distributors, IIL has a competitive edge globally.
- Diverse Products and Strong Margins: IIL offers 110+ brands with operating margins of 16%, expected to stay healthy.
- Solid Financial Profile: Strong net worth of Rs 4,074 crores and low gearing, ensuring financial stability.
Weaknesses
- Working Capital Intensive: The company’s operations require high working capital as is the nature of industry which is due to significant debtor and inventory levels, though debtor days have improved in recent years.
- Weather and Regulatory Risks: IIL’s performance is sensitive to rainfall patterns, which affect agricultural production. Additionally, changing regulations or product approval processes could impact revenue and profitability.
- Trade Risk:Changes in global trade policies, protectionist measures and shifting regulatory frameworks in export markets can disrupt trade flows and impact the Company’s international business.
About Indofil Industries ltd
Indofil Industries Limited (IIL), part of the KK Modi Group, is a leading global manufacturer of agrochemicals and specialty chemicals. Known for its expertise in Mancozeb, the world’s top-selling fungicide
Board of Directors
- Dr. Bina Modi - Chairperson & Managing Director
- Ms. Charu Modi - Executive Director
- Mr. Samir Modi - Non-Executive & Non-Independent Director
- Ms. Aliya Modi - Non-Executive & Non-Independent Director
- Mr. S. Lakshminarayanan - Non-Executive & Independent Director
- Mr. Mayur Maheshwari - Nominee Director
- Mr. M. N. Thakkar - Non-Executive & Independent Director
- Dr. Atchutuni L. Rao - Whole time Director - Operations
Senior Management
- Dr. Bina Modi - Managing Director
- CS Jayni Gada - Company Secretary
Frequently Asked Questions
- Is there any lock in period for Indofil Industries Ltd unlisted shares?
- The lock-in period for Indofil Industries Ltd Unlisted Shares differs based on the investor category, as per SEBI regulations:
● Venture Capital Funds and Foreign Venture Capital Investors (FVCIs):
A lock-in period of 6 months from the date of acquisition of the shares.
● Alternative Investment Funds – Category II (AIF-II): No lock-in period is applicable.
● Other investors (including retail investors, high net-worth individuals (HNIs), and body corporates):
A lock-in period of 6 months from the date of IPO listing of Indofil Industries Ltd.
These norms were introduced by SEBI in August 2021, reducing the earlier lock-in requirement from one year to six months. The change was aimed at improving liquidity and encouraging investor participation in companies preparing for public listings. Since then, interest in pre-IPO investments has increased, with investors exploring opportunities to participate in companies ahead of their potential listing. - How much long term capital gains tax do I have to pay on Indofil Industries Ltd unlisted shares?
- Long-Term Capital Gains (LTCG) on Unlisted Shares in India arise when such shares are sold after being held for a period of more than two years. The key aspects of LTCG taxation on Indofil Industries Ltd unlisted shares are outlined below:
1. Tax Rate
Earlier, LTCG on unlisted shares was taxed at 20% with indexation benefits. However, as per Union Budget 2024, the tax structure has been revised. For transfers made on or after 23rd July 2024, LTCG on unlisted shares is taxed at a flat rate of 12.5%.
2. Indexation Benefit
Previously, investors could avail indexation benefits to adjust the purchase price for inflation, thereby reducing taxable gains.
This indexation benefit has been removed under Budget 2024 for unlisted shares transferred on or after 23rd July 2024.
3. Importance for Investors
Understanding LTCG taxation is important for both retail investors and High Net-Worth Individuals (HNIs), as it directly impacts investment returns, exit planning, and overall tax strategy.
4. Calculation Method
For eligible transactions after 23rd July 2024, LTCG will be calculated at a flat tax rate of 12.5% on the capital gains, without indexation.
5. Applicability
LTCG tax is applicable when unlisted shares are held for more than 24 months before being sold.
6. Relevance
These tax provisions are particularly relevant for investors in the unlisted share market who are considering exiting their investments after a long-term holding period. - How do I start investing in Indofil Industries Ltd unlisted shares through InCred Money?
- Buying Indofil Industries Ltd Unlisted Shares on InCred Money is quick, seamless, and fully digital.
Step 1: Create Your Account
Sign up using your mobile number and email ID.
Complete your KYC by submitting your PAN, Aadhaar, bank account, and demat account details. Once submitted, your KYC is reviewed and approved.
Step 2: Select & Buy Shares
Browse and select Indofil Industries Ltd from our Unlisted Shares list and place your order.
Step 3: Share Transfer
Based on the settlement period for the shares noted on the platform, the purchased shares are transferred and reflected in both your InCred Money portfolio and your demat account. - What documents are needed to invest in Indofil Industries Ltd unlisted shares?
- To invest in Indofil Industries Ltd Unlisted Shares on InCred Money, you need to complete your KYC verification by submitting the following documents:
● PAN Card
● Aadhaar Card
● Bank account details
● Demat account details
Once your KYC is successfully completed and approved, you can start investing in unlisted shares on the platform.
