Best Agrolife Ltd
Best Agrolife (formerly known as Sahyog Multibase Limited) [1] is a leading agrochemicals manufacturer in India and is among the top 15 agrochemicals companies in the country. It is one of the fastest growing manufacturers of Technicals, Formulations, Intermediates and Public Health products. Best Agrochem Private Limited was amalgamated with the Co. in April 2018.
It offers more than 70 Formulations in the form of Insecticides, Herbicides, Fungicides and Plant Growth Regulators, which are developed from active ingredients manufactured in-house. As part of its P2P set-up, Best Agrolife caters to several blue-chip corporates and leading MNCs from India and abroad. [2]
- Market Cap ₹ 1,475 Cr.
- Current Price ₹ 624
- High / Low ₹ 1,374 / 454
- Stock P/E 696
- Book Value ₹ 169
- Dividend Yield 0.47 %
- ROCE 16.6 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has a good return on equity (ROE) track record: 3 Years ROE 25.7%
- Company's median sales growth is 30.3% of last 10 years
Cons
- Company has low interest coverage ratio.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 0 | 9 | 99 | 129 | 663 | 690 | 905 | 1,134 | 1,500 | 1,954 | |
0 | 0 | 0 | 0 | 9 | 98 | 132 | 652 | 675 | 854 | 1,009 | 1,414 | 1,910 | |
Operating Profit | 0 | 0 | -0 | -0 | -0 | 1 | -3 | 11 | 15 | 51 | 125 | 86 | 44 |
OPM % | 0% | 25% | -57% | -2% | 1% | -2% | 2% | 2% | 6% | 11% | 6% | 2% | |
0 | 0 | 0 | 0 | 0 | 0 | 4 | 2 | 4 | 7 | 5 | 10 | 6 | |
Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 5 | 6 | 5 | 11 | 24 | 40 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 | 3 | 4 | 5 | 6 |
Profit before tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 12 | 51 | 116 | 67 | 4 |
Tax % | 50% | 33% | 20% | 43% | 567% | 175% | 36% | 29% | 27% | 25% | 30% | ||
0 | 0 | 0 | 0 | 0 | -0 | -0 | 5 | 8 | 37 | 87 | 47 | 2 | |
EPS in Rs | 0.00 | 0.03 | 0.07 | 0.10 | 0.13 | -0.46 | -0.07 | 5.88 | 10.36 | 16.83 | 36.82 | 19.91 | 0.89 |
Dividend Payout % | 0% | 0% | 0% | 76% | -57% | -399% | 0% | 3% | 12% | 5% | 15% |
Compounded Sales Growth | |
---|---|
10 Years: | 167% |
5 Years: | 63% |
3 Years: | 30% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | 133% |
5 Years: | 95% |
3 Years: | 75% |
TTM: | -98% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 73% |
3 Years: | 11% |
1 Year: | -39% |
Return on Equity | |
---|---|
10 Years: | 18% |
5 Years: | 20% |
3 Years: | 26% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 8 | 8 | 22 | 22 | 22 | 24 | 24 | 24 |
Reserves | -0 | -0 | 0 | 0 | 0 | 41 | 43 | 156 | 62 | 108 | 289 | 336 | 375 |
0 | 0 | 0 | 0 | 0 | 0 | 8 | 39 | 35 | 32 | 137 | 286 | 333 | |
0 | 2 | 3 | 0 | 1 | 38 | 22 | 265 | 217 | 209 | 260 | 283 | 955 | |
Total Liabilities | 3 | 5 | 6 | 3 | 4 | 87 | 81 | 482 | 336 | 371 | 709 | 928 | 1,686 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 110 | 15 | 19 | 21 | 33 | 34 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
Investments | 0 | 0 | 0 | 0 | 0 | 26 | 3 | 4 | 5 | 0 | 102 | 102 | 102 |
3 | 5 | 6 | 3 | 4 | 60 | 78 | 369 | 315 | 352 | 586 | 793 | 1,550 | |
Total Assets | 3 | 5 | 6 | 3 | 4 | 87 | 81 | 482 | 336 | 371 | 709 | 928 | 1,686 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | 0 | 0 | 0 | -0 | -13 | -35 | 60 | 16 | 10 | -0 | -128 | |
0 | -0 | 0 | 0 | 0 | -36 | 25 | -5 | -5 | 12 | -97 | 55 | |
0 | 0 | 0 | 0 | 0 | 48 | 11 | -45 | -13 | -12 | 90 | 118 | |
Net Cash Flow | 0 | -0 | 0 | 0 | 0 | -0 | 0 | 11 | -3 | 10 | -8 | 45 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 88 | 72 | 86 | 112 | 92 | 53 | 75 | 73 | |
Inventory Days | 0 | 31 | 31 | 43 | 42 | 67 | 77 | 90 | ||||
Days Payable | 75 | 53 | 141 | 101 | 72 | 82 | 63 | |||||
Cash Conversion Cycle | 0 | 0 | 0 | 88 | 29 | 63 | 14 | 33 | 48 | 70 | 100 | |
Working Capital Days | 7,665 | 13,688 | 15,486 | 111 | 76 | 156 | 30 | 39 | 44 | 93 | 98 | |
ROCE % | 0% | 1% | 1% | 2% | 2% | 5% | -2% | 8% | 11% | 40% | 41% | 17% |
Documents
Announcements
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 19 Apr
- Compliance 18 Apr
- Compliance Certificate 31/03/2024 11 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 11 Apr
- Announcement Under Regulation 30_Listing Of Equity Shares Of Best Agrolife Limited At National Stock Exchange. 9 Apr
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Dec 2023TranscriptNotesPPT
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Nov 2023TranscriptPPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Sep 2020TranscriptNotesPPT
Product Portfolio
The Co has three business activities namely, Technical, Formulation, and Branded Products. [1]
The product profile includes insecticides, pesticides, herbicides, plant-growth regulators (PGR) and biocides. As of Q2FY24, it has licence of 250+ formulations registered with Central Insecticide Board (CIB), PGRs and bio fertilizers. As of FY23, it has 60+ products, 80+ technical licenses, 360+ formulation licenses.Some of its best selling products are DIRON, PYMAX, PYDON, IRMA, etc. [2] It launched key products like RONFEN, AXEMAN, REVEAL, CITIGEN, and VISTARA. [3][4]