Aimco Pesticides Ltd share Price

Aimco Pesticides Ltd. is an Agro-chemical sector company, having its market capitalization worth Rs.106.24 crore as of 13 May 2021. The company was incorporated in 1987. The company has reported its consolidated quarterly revenue of Rs.37.33 crore at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE), having the code 524288. AIMCOPEST deals in the manufacturing, marketing of 200 agriculture chemical products, Insecticides, Pesticides, Fungicides and export them to more than 42 countries. It is recognized as a 3-star export house by the Government of India. Considering the future of organic products in the agrichemical industry, the company is in operation to develop herbicides, Plant Growth Regulators (PGR), Bio nutrients, Bio Stimulants which are expected to be commercialized by FY 2021-22. The company has an in-house R&D centre with 15 scientific and chemist workforce. To strengthen its product portfolio, the company has a certified in-house research & development lab authorized by Govt. of India 'ministry of science and technology. Because of an entirely in-house research and development team, the company is the second producer of Chlorpyrifos Ethyl and Methyl after Dow chemical and is one of the largest producers of Chlorpyrifos technical and its formulations in the world. To market its products, Aimco has 285 active distributors network (domestic & aboard) and an international sale office in UAE. To enhance its portfolio, the company has three wholly-owned subsidies (Aimco Eco science Limited, Aimco International FZE (Dubai), Aimco KR Agro Private Limited) and a 49% stake in associate in AIMCO KR AGRO LLP. In later 1994 to expand its business, the company has amalgamated with Savitri Pesticides & Agrochem Ltd and merged Vayaz Indian Pesticides Private Ltd with itself. Between 2014 company has gone through a crucial business Restructure and made a one-time settlement with its lenders and turns debt-free; however, it has taken additional debts in the financial year 2020. This facility is located on a plot admeasuring ~23,000 Sq. Mt., with ~50% of the land available for further expansion and development from where it manufactures technical and formation products. In the financial year 2019-20, company revenue is shrunk by 6% to 185.24 Cr (YOY basis), but EBIDTA margin% is grown from 6.8% to 7.5%.