Agrochemical Players

Agrochemicals firm Best Agrolife Ltd on Friday reported a flat consolidated net profit of Rs 94.65 crore for the quarter ended September 2024. Its net profit stood at Rs 94.86 crore in the year-ago period. The total income declined to Rs 747.61 crore in the second quarter of this fiscal from Rs 808.35 crore in the corresponding period of the preceding year, the company said in a regulatory filing. Vimal Kumar, Managing Director, Best Agrolife Ltd, said, "Best Agrolife has delivered a strong performance in Q2 FY25, capitalising on favourable market conditions and executing our strategic shift toward branded soles". "Our commitment to enhancing brand visibility and expanding our market presence has yielded positive results, contributing significantly to both top-line and bottom-line growth," he added.

Brokerages have downgraded earnings estimates for a few companies and expect only a gradual recovery over the next couple of quarters

Prices of corn, soybeans, and wheat are now at their lowest since Covid and are down 20-30 per cent Y-o-Y

Analysts at Elara Capital remain bullish on the Rallis' crop care division prospects, driven by the robust outlook on the domestic business and cautiously optimistic outlook on the international biz.

Higher demand and improved volumes are expected to help the companies liquidate excess inventory

Lower debt levels, inexpensive valuations are positives

Agriculture solutions company will get into speciality and industrial chemicals

Agrochemical players are likely to witness 15-17 per cent revenue growth this fiscal, mainly driven by strong global and domestic demand, according to a report. Revenue is expected to grow by 10-12 per cent in the next 2023-24 financial year as India continues to benefit from the China+1 strategy of global players and key molecules going off patent, Crisil Ratings said in a report said on Monday. Higher operating leverage will help sustain operating margins at 15-16 per cent in the current fiscal and FY24, despite input prices remaining elevated, it added. Capital spending will continue at similar levels as in the past, but elongation in the working capital cycle will result in higher borrowings, as per the report. "Export revenue is seen rising 18-20 per cent this fiscal, with the US dollar appreciating 9 per cent so far and volume growing as global players continue to de-risk their China dependency. "Next fiscal, exports will likely grow 12-14 per cent as players keep up capex w

It raised Rs 216 crore by issuing fresh equity in the IPO

After a sharp rally, valuations reflect the strong Q2 show

The stock of pesticides & agrochemicals company surpassed its previous high of Rs 2,178.85, which it had touched on July 20, 2022

On Tuesday, August 30, 2022, Ashish Rameshchandra Kacholia purchased 318,000 equity shares, representing 1.3 per cent stake in Best Agrolife for Rs 30 crore on the NSE, data shows.

Exporters could do better as domestic firms are hit by monsoon delay, inventories

The buyback of shares will be at a price not exceeding Rs 875 per equity share through the open market route

While debt levels increased in Q1, the company maintained its FY22 guidance

Strong beat in Q3, positive management commentary sees stock gain more than 9 per cent on Wednesday

The government will bring a PLI scheme for promotion of domestic manufacturing of agro-chemicals, Minister of State for Chemicals and Fertilisers Mansukh Mandaviya announced on Thursday.

Sources in the know said the Centre was also looking at increasing Customs duty on formulations, agrochemicals, and pesticides falling under different Harmonized System of Nomenclature codes

This issuance does not result in any increase in the net debt of UPL

They claim the govt acted at the behest of foreign NGOs in imposing the ban