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Aries Agro Ltd.

BSE: 532935 Sector: Agri and agri inputs
NSE: ARIES ISIN Code: INE298I01015
BSE LIVE 19:40 | 19 Oct 239.85 10.30
(4.49%)
OPEN

233.00

HIGH

247.00

LOW

232.20

NSE 19:46 | 19 Oct 242.25 10.90
(4.71%)
OPEN

231.80

HIGH

248.00

LOW

230.10

OPEN 233.00
PREVIOUS CLOSE 229.55
VOLUME 96498
52-Week high 256.00
52-Week low 105.00
P/E 23.31
Mkt Cap.(Rs cr) 312
Buy Price 0.00
Buy Qty 0.00
Sell Price 239.85
Sell Qty 389.00
OPEN 233.00
CLOSE 229.55
VOLUME 96498
52-Week high 256.00
52-Week low 105.00
P/E 23.31
Mkt Cap.(Rs cr) 312
Buy Price 0.00
Buy Qty 0.00
Sell Price 239.85
Sell Qty 389.00

Aries Agro Ltd. (ARIES) - Company History

The Company was originally incorporated as 'Aries Agro-Vet Industries Private Limited' on 27th November 1969. It was converted into Public Limited Company as 'Aries Agro-Vet Industries Limited' on 30th December 1994. The company name was subsequently changed to 'Aries Agro Limited' on 27th October 2006. Dr. T.B. Mirchandani and Mrs. Bala Mirchandani, was founded the company in the year 1969. The Company is headquartered in Mumbai. Agromin (Chelated Micronutrients) and Chelamin (Chelated Zinc) are the company's flagship brands. In 1969, the Company started off with a small range of mineral feed additives for animals & birds. The products attracted good margins. The company products were immediately accepted by the consumers and slowly it became the brand leader in the field of mineral nutrition with a range of products including mineral premixes, milk boosters, protein concentrates, vitamin premixes, anti-coccidian and anti-bacterial feed additives. In 1975, Aries diversified into nutrients feeds for plant, considering the fact that in India, the animal and agricultural farmer is one and the same individual. The company has in-house expertise in the area of mineral nutrition and thereby decided to concentrate on the same. The research zeroed in on 'Metal Chelates'. The product had to be manufactured in accordance with the locally available ingredients and expertise that posed a challenge for the company. Thus further R&D had to be conducted in this arena that solved the problem and Aries branched out into Agrochemicals in 1975 with the introduction of Chelated Micronutrients. The company has also conducted in-house R&D to develop bactericides for agriculture. Plantomycin was one of the first bactericide to be licensed for agricultural use by the Govt. of India. This was then followed by the introduction of plant hormones. In 2001, the company has expanded product line to include secondary nutrients - sulphur, magnesium and calcium. In 2002, Aries continued expanding its plant nutrition product line to include value-added, water-soluble complexes of nitrogen (N), phosphorous (P) and potassium (K). As of now, the company has having 4 manufacturing plants at Mumbai, Hyderabad, Bangalore and Kolkata with installed capacity of 10,800 TPA, 5,400 TPA, 3,750 TPA and 1,650 TPA respectively with total installed capacity being at 21,600 TPA.