Agrochemical Players

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

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 mulls ban on 27 chemicals

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

Agrochemical players in a sweet spot

Coromandel International, UPL, Dhanuka and Monsanto offer reasonable upside