Agrochemical Players

Best Agrolife Q2 results: Net profit flat at Rs 95 cr, income at Rs 747 cr

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.

Weak pricing offsets strong volume show of Indian agrochemical majors

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

Weak pricing offsets strong volume show of Indian agrochemical majors

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

Agrochemicals shares rally up to 12% on healthy outlook; Rallis at new high

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.

Monsoon, higher prices expected to aid recovery in agrochemical stocks

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

Muted near-term outlook, weak Q4 show to keep UPL stock under pressure

Lower debt levels, inexpensive valuations are positives

Coromandel preps for new businesses, plans to invest Rs 1,000 cr in 2 years

Agriculture solutions company will get into speciality and industrial chemicals

Agrochemical's revenue to grow 15-17% this fiscal, driven by demand: Report

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

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

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

After strong Q2, uptick ahead for agrochemical major PI Industries stock

After a sharp rally, valuations reflect the strong Q2 show

Astec Lifesciences hits record high in a weak mkt; stock up 24% in 3 days

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

Best Agrolife zooms 37% in 2 days after Ashish Kacholia buys 1% stake

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.

Sales growth likely to sow seeds of distress for agrochem players

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

Agro-chemicals major UPL plans share buyback of up to Rs 1,100 crore

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

Weak Q1 margin show, lack of triggers to limit upsides in UPL

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

PI Industries: Reaping gains from sustained growth across businesses

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

Govt to bring PLI scheme to promote domestic agro-chemicals: Mandaviya

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.

Govt explores tax sops, import curbs to make agrochem sector self-reliant

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

Agro-chemical major UPL's Mauritian arm raises $500 mn through bonds

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

Pesticides makers threatens to move to court over ban on 27 products

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