Page 2 - Agrochemical Companies

All-round show fueling rally in BASF India, stock up 40% so far in CY2021

Healthy demand, focus on cost optimisation and expansion plans drive optimism

Agri-related stks in focus; FACT, Madras Fertilizers hit 20% upper circuit

FACT and Madras Fertilizers shares were trading at their 52-week highs today

UPL makes the right moves with mega debt retirement plan

Healthy fundamentals and expectation of a strong second half of 2020-21 cheer investors

Agrochemicals firm UPL completes pre-payment of $410 million senior notes

Agrochemicals manufacturer UPL has completed the pre-payment of $410 million of 3.25 per cent senior notes due in October 2021

PI Industries could soon dethrone UPL as biggest agrochemical firm

Triggers in exports and domestic businesses to continue driving earnings while pharma CSM foray takes shape

India probing alleged dumping of chemical from China, South Korea

In the probe, the directorate will determine the existence, degree and effect of any alleged dumping in respect of the product from China

Discretionary exposure to keep growth under pressure at BASF India

The agrochemicals segment, however, should be able to offset some of the growth challenges

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

UPL plans to raise about $500 million via bonds as economy is opened up

Moody's assigns Baa3 rating, says outlook stable for agrochemical company.

Illogical ban

Govt should review its proposal on agro-chem products

UPL, Coromandel Intl, Rallis India: Fresh overhang for agrochem majors

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

Fresh worries for agrochemical majors as govt considers banning 27 products

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

A fifth of Indian farmers may not get seed, fertiliser supplies this kharif

Labour shortages, transportation issues impede the movement from manufacturer to distributor and retailer

Latin America and India are key growth markets for UPL in H2FY20

The company is confident of achieving its revenue growth guidance of 8-10 per cent and operating profit growth guidance of 16-20 per cent for FY20

PI Industries stands strong amid dry spell for agrochemical players

The uptick in the global agricultural cycle will sustain the growth momentum in the CSM segment

D-Street turns positive on PI Industries, UPL, Coromandel as revenues rise

PI Industries, UPL are better placed, given pick-up in global demand after a two-year downturn

From UPL to PI Industries, favourable weather for agrochem companies

Recovery in global demand and govt measures to boost farm incomes will add to overall demand

Monsoon: Export-centric agrochem firms to gain more than home-focused ones

With normal rain this monsoon season, agro-chemical companies are looking at better profitability in the coming quarters, following bumper sale of seed and pesticide.An HDFC Securities' report of last week said companies with a focus on export, such as UPL, would see 10-13 per cent growth in their net profit. And those with a domestic-centric business like PI Industries or Dhanuka Agritech would report a five to eight per cent growth in profitability during the quarter ended June.Agro-chem companies faced several headwinds before implementation of the goods and services tax (GST), with lower inventory build-up by dealers and retailers. However, the forecast for a normal, for a consecutive year, has raised hope for an upsurge in demand for seed and pesticide, for kharif sowing."Consecutive normal rainfall in 2017 is a positive for these companies, as only around 45 per cent of arable land has irrigation. In the long term, better farm income, improved irrigation facilities, new product .

Agrochemical shares soar on monsoon forecast

Monsanto India, Jubilant Industries, Atul, Sharda Cropchem, Rallis India gained between 1% - 17% on Thursday