Best Agrolife Ltd

Best Agrolife Ltd

₹ 334 1.99%
30 May - close price
About

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]

Key Points

Business Overview
The company is the 13th Largest Indian Agrochemical Company, with a portfolio of 490+ formulations and 115+ technical manufacturing licenses. It offers a wide range of herbicides, insecticides, fungicides, and plant growth regulators including Ronfen, Citigen, Tricolor, Azaro, Cubax Power, etc. [1] [2] [3]

  • Market Cap 789 Cr.
  • Current Price 334
  • High / Low 732 / 244
  • Stock P/E 17.7
  • Book Value 188
  • Dividend Yield 0.90 %
  • ROCE 14.4 %
  • ROE 11.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 27.9%

Cons

  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Company has a low return on equity of 9.51% over last 3 years.
  • Debtor days have increased from 80.8 to 103 days.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
258.13 423.46 579.16 237.55 259.80 612.54 733.74 347.85 104.23 360.88 433.76 193.27 155.74
227.56 389.84 513.32 215.61 295.14 576.22 689.70 348.63 121.31 321.00 370.76 189.56 159.45
Operating Profit 30.57 33.62 65.84 21.94 -35.34 36.32 44.04 -0.78 -17.08 39.88 63.00 3.71 -3.71
OPM % 11.84% 7.94% 11.37% 9.24% -13.60% 5.93% 6.00% -0.22% -16.39% 11.05% 14.52% 1.92% -2.38%
3.46 3.11 4.14 1.35 1.49 5.15 -1.98 1.50 1.63 1.93 2.07 0.87 1.16
Interest 4.73 4.27 5.80 6.10 7.80 7.81 10.64 14.07 10.48 10.77 11.16 10.70 8.33
Depreciation 1.08 1.03 1.25 1.33 1.54 1.48 1.63 1.78 1.81 1.50 1.72 2.04 1.80
Profit before tax 28.22 31.43 62.93 15.86 -43.19 32.18 29.79 -15.13 -27.74 29.54 52.19 -8.16 -12.68
Tax % 23.60% 25.29% 25.54% 41.99% -24.91% 25.67% 25.51% -23.66% -23.97% 25.46% 26.65% -25.49% -25.47%
21.56 23.47 46.85 9.20 -32.44 23.91 22.19 -11.54 -21.09 22.02 38.27 -6.08 -9.45
EPS in Rs 9.12 9.93 19.81 3.89 -13.72 10.11 9.38 -4.88 -8.92 9.31 16.19 -2.57 -4.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 9 99 129 663 690 905 1,134 1,500 1,798 1,144
0 0 9 98 132 652 675 854 1,009 1,414 1,736 1,041
Operating Profit -0 -0 -0 1 -3 11 15 51 125 86 62 103
OPM % -57% -2% 1% -2% 2% 2% 6% 11% 6% 3% 9%
0 0 0 0 4 2 4 7 5 10 6 6
Interest 0 0 0 1 1 5 6 5 11 24 43 41
Depreciation 0 0 0 0 0 1 2 3 4 5 7 7
Profit before tax 0 0 0 0 0 7 12 51 116 67 19 61
Tax % 33% 20% 43% 567% 175% 36% 29% 27% 25% 30% 30% 27%
0 0 0 -0 -0 5 8 37 87 47 13 44
EPS in Rs 0.07 0.10 0.13 -0.46 -0.07 5.88 10.36 16.83 36.82 19.91 5.69 18.81
Dividend Payout % 0% 0% 76% -57% -399% 0% 3% 12% 5% 15% 53% 16%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 0%
TTM: -36%
Compounded Profit Growth
10 Years: 108%
5 Years: 39%
3 Years: -20%
TTM: 231%
Stock Price CAGR
10 Years: %
5 Years: 4%
3 Years: -26%
1 Year: -39%
Return on Equity
10 Years: 14%
5 Years: 16%
3 Years: 10%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 3 3 8 8 22 22 22 24 24 24 24
Reserves 0 0 0 41 43 156 62 108 289 336 342 420
0 0 0 0 8 39 35 32 137 286 348 252
3 0 1 38 22 265 217 209 260 283 443 279
Total Liabilities 6 3 4 87 81 482 336 371 709 928 1,157 975
0 0 0 0 0 110 15 19 21 33 32 34
CWIP 0 0 0 0 0 0 0 0 0 0 1 1
Investments 0 0 0 26 3 4 5 0 102 102 116 122
6 3 4 60 78 369 315 352 586 793 1,007 819
Total Assets 6 3 4 87 81 482 336 371 709 928 1,157 975

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 -0 -13 -35 60 16 10 -0 -128 -35 131
0 0 0 -36 25 -5 -5 12 -97 55 -20 -14
0 0 0 48 11 -45 -13 -12 90 118 12 -107
Net Cash Flow 0 0 0 -0 0 11 -3 10 -8 45 -42 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 88 72 86 112 92 53 75 73 66 103
Inventory Days 0 31 31 43 42 67 77 90 86 120
Days Payable 75 53 141 101 72 82 63 83 82
Cash Conversion Cycle 0 88 29 63 14 33 48 70 100 69 140
Working Capital Days 15,486 111 76 156 30 39 44 93 98 97 145
ROCE % 1% 2% 2% 5% -2% 8% 11% 40% 41% 17% 9% 14%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.30% 47.30% 48.20% 50.10% 50.10% 50.10% 50.10% 50.10% 50.10% 50.10% 50.10% 50.44%
10.82% 11.27% 12.05% 11.48% 10.84% 9.86% 8.86% 8.77% 8.73% 8.03% 5.11% 5.80%
0.20% 2.57% 2.57% 2.58% 2.55% 2.63% 2.53% 2.53% 2.53% 2.67% 2.74% 2.74%
41.68% 38.86% 37.16% 35.84% 36.50% 37.42% 38.50% 38.60% 38.62% 39.18% 42.06% 41.01%
No. of Shareholders 8,76011,36021,20623,03927,20031,94037,57139,86141,57040,57337,66637,494

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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