Sandeep Aggarwal, CFO of Insecticides India says the capacity utilisation from the Dahej unit would be around 75 percent and expect the unit to add to the financials of the company in a big way.
SBI Cap Securities has initiated a buy on Insecticides India with an aggressive target of Rs 898.
To discuss further outlook of the company, Vivek Kumar of SBI Cap Securities and Sandeep Aggarwal, CFO of Insecticides India spoke to CNBC-TV18's Reema Tendulkar and Sumaira Abidi.
According to Vivek Kumar the rationale for this aggressive target is based on meaningful improvement in financials for the company led mainly by Dahej facility with improved capacity utilisations. They expect the capacity utilisation to go up from the current 35 percent to 55 percent and then 75 percent in the next two years at Dahej.
Sandeep Aggarwal, CFO of Insecticides India says the capacity utilisation from the Dahej unit would be around 75 percent and expect the unit to add to the financials of the company in a big way.
Transcript to follow
Insecticides stock price
On September 08, 2014, at 14:12 hrs Insecticides India was quoting at Rs 660.50, up Rs 35.05, or 5.60 percent. The 52-week high of the share was Rs 666.00 and the 52-week low was Rs 203.00.
The company's trailing 12-month (TTM) EPS was at Rs 34.02 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 19.42. The latest book value of the company is Rs 194.40 per share. At current value, the price-to-book value of the company is 3.40.
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