Page 2 - Agrochemical Companies

UPL stock slumps 11% on weak Q3 performance, triggers downgrades

Weak near-term outlook could worsen cash flows for the company

GSP Crop Science eyes Rs 1,800 cr revenue in FY25; 6-7% mkt share in 4 yrs

Agrochemicals manufacturer GSP Crop Science is eyeing Rs 1,800 crore in revenue in 2024-25, following its domestic as well as overseas market expansion, a top company executive has said. "In 2022-23, our annual revenue was at Rs 1,600 crore. We are looking at Rs 1,800 crore revenue in FY25. Overall our target is to reach Rs 2,500 crore in next 3-4 years with the addition of overseas business especially in Brazil," GSP Crop Science Managing Director Bhavesh Shah told PTI. Shah said the company is working towards reducing its dependency on China for raw materials and planning to produce intermediaries needed to develop crop solution products. "In order to reduce our raw material dependency on China, we are planning to gradually produce intermediaries needed for manufacturing our products. We are setting up our third manufacturing unit in Dahej in Gujarat with an investment of Rs 100-110 crores. In this unit we will initially produce 4 intermediaries," he added. The company is focusin

Agrochemical firm Best Agrolife Q2 net profit falls 27 pc to Rs 95 crore

Agrochemical firm Best Agrolife on Wednesday reported a 27 per cent decline in its consolidated net profit to Rs 95 crore for the second quarter of this fiscal year. Its net profit stood at Rs 130 crore in the year-ago period. Revenue from operations rose 16 per cent to Rs 811 crore during the July-September period of this fiscal year from Rs 700 crore in the corresponding period of the previous year, the company said in a statement. "Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from operations surging by 32 per cent sequentially to reach Rs 811 crore," Vimal Kumar, Managing Director of Best Agrolife Ltd, said. The company's profit margins remain resilient, driven by an improved product mix, he said. "The consistent demand for our products has shielded us from pricing pressures that generic agrochemicals are grappling with," Kumar said. Notwithstanding the industry's anticipated challenges in the forthcoming quarters, h

Weak demand, inventory to weigh on agrochemical companies' stocks

Street remains cautious about the sector due to lower price realisations and fears about El Nino's impact on the monsoon

Chemplast Sanmar unit signs deal to manufacture advanced intermediate

Company estimates commercial supplies will start from the fourth quarter of 2023-24

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

Lower debt levels, inexpensive valuations are positives

Roll of dice for agrochem companies with El Nino dampener on monsoon

Adverse agronomical conditions, excess channel inventory weigh on domestic market volume offtake

Agrichemical exporters expected to clock better growth than domestic peers

Brokerages have a mixed outlook on margin trajectory for the sector

Dharmaj Crop IPO subscribed 36 times; promising start for Uniparts

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

Dharmaj Crop Guard IPO subscribed over 5x on strong retail, HNI interest

The two categories were subscribed around 7 times each; QIB was nearly half covered

Dharmaj Crop IPO subscribed 1.8x on Day-1, QIB portion not fully covered

Retail, HNI fully covered, institutional investor portion subscribed 35%

Agrochemical firm Dharmaj Crop Guard's IPO likely to enter market soon

Dharmaj Crop Guard's IPO is coming soon into market

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

After a sharp rally, valuations reflect the strong Q2 show

Gains in UPL hinge on reduction of debt, improved cash flow generation

Higher demand to keep revenue growth strong in the second half of FY23

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

Big agrochem firms may use drones for chemical spraying this kharif season

Industry sources estimate that drones could be used for spraying pesticides and other plant chemicals in around 30,000 acres this kharif season largely as pilot projects

UPL slips 23% in a month post closure of buyback offer; hits 52-week low

UPL expects strong performance (10 per cent plus revenue growth and 12-15 per cent EBITDA growth) in the current fiscal year FY23.

Sharda Cropchem hits new high on strong business outlook; stock surges 10%

Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.