Agrochemical Players

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

Analysts say, chemicals being considered for ban form significant part of the portfolio, both exports and domestic sales, of many players

Net impact would depend on final list of chemicals to be banned and companies' move to diversify portfolio

Coromandel International, UPL, Dhanuka and Monsanto offer reasonable upside