Best Agrolife Ltd

Best Agrolife Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Best Agrolife Ltd

₹ 1,014 0.96%
29 Mar - close price
bestagrolife.com BSE: 539660 NSE : BESTAGRO
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

Product Portfolio
The Co has three business activities namely, Technical, Formulation, and Branded Products. [1]
The Co has almost 70+ products, 91+ technical licenses, 396+ formulation licenses. [2] [3]
Some of its best selling products are DIRON, PYMAX, PYDON, IRMA, etc. [4]
It launched key products like RONFEN, AXEMAN, REVEAL, CITIGEN, and VISTARA. [5]
It currently has 28 New products under pipeline. [1]

Website BSE NSE
  • Market Cap ₹ 2,404 Cr.
  • Current Price ₹ 1,014
  • High / Low ₹ 1,775 / 752
  • Stock P/E 10.1
  • Book Value ₹ 209
  • Dividend Yield 0.20 %
  • ROCE 40.7 %
  • ROE 45.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Promoter holding has increased by 0.90% over last quarter.

Cons

  • Company might be capitalizing the interest cost
  • Working capital days have increased from 80.1 days to 117 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.

Peer comparison

Sector: Agro Chemicals Industry: Pesticides / Agrochemicals - Indian

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2017 Mar 2018 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
45 20 57 208 345 324 232 309 464 700 328
46 25 51 171 308 289 200 247 398 518 270
Operating Profit -1 -5 5 37 36 35 32 62 66 183 58
OPM % -2% -25% 9% 18% 10% 11% 14% 20% 14% 26% 18%
2 2 1 1 1 0 -0 1 0 1 1
Interest 0 1 2 2 1 2 5 7 7 9 10
Depreciation 0 0 1 1 1 1 3 7 6 6 6
Profit before tax 1 -4 4 35 35 33 23 49 53 168 43
Tax % 0% 0% 24% 27% 26% 24% 34% 23% 25% 23% 29%
Net Profit 1 -4 3 25 26 25 15 38 40 130 31
EPS in Rs 2.48 -14.05 1.24 11.47 11.77 11.43 6.55 16.14 16.97 54.90 12.95
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 TTM
127 151 905 1,211 1,801
126 154 854 1,045 1,432
Operating Profit 1 -2 51 166 369
OPM % 0% -1% 6% 14% 20%
1 4 7 2 3
Interest 1 2 5 15 33
Depreciation 0 0 3 12 24
Profit before tax 0 0 51 141 314
Tax % 575% 100% 27% 26%
Net Profit -0 0 37 105 239
EPS in Rs -0.65 0.03 16.83 44.31 100.96
Dividend Payout % 0% 798% 12% 5%
Compounded Sales Growth
10 Years: %
5 Years: 57%
3 Years: %
TTM: 62%
Compounded Profit Growth
10 Years: %
5 Years: 250%
3 Years: %
TTM: 160%
Stock Price CAGR
10 Years: %
5 Years: 229%
3 Years: 77%
1 Year: 12%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 45%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022 Sep 2022
8 8 22 24 24
Reserves 46 48 108 306 472
0 19 33 270 473
63 35 209 384 612
Total Liabilities 117 110 372 984 1,580
0 0 19 180 178
CWIP 0 0 4 5 6
Investments 32 3 0 0 0
85 107 349 800 1,396
Total Assets 117 110 372 984 1,580

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022
-14 -41 13 -78
-34 31 8 3
48 10 -11 67
Net Cash Flow 0 -0 10 -8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2021 Mar 2022
Debtor Days 85 87 53 77
Inventory Days 67 199
Days Payable 72 124
Cash Conversion Cycle 85 87 48 152
Working Capital Days 61 175 43 117
ROCE % 0% 41%

Shareholding Pattern

Numbers in percentages

3 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
5.10 38.11 38.11 40.78 40.78 40.78 40.78 45.42 45.42 47.30 47.30 48.20
14.29 6.82 9.64 10.34 10.41 11.01 11.55 11.22 11.31 10.82 11.27 12.05
0.00 0.00 0.00 0.00 0.00 0.00 0.23 0.19 0.20 0.20 2.57 2.57
80.61 55.07 52.26 48.88 48.81 48.21 47.44 43.17 43.08 41.68 38.86 37.16

* 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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