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Best Agrolife Ltd share Price

Company details

6M Return -9.59%
1Y Return 24.93%
Mkt Cap.(Cr) 2,751.10
Volume 96,482
Div Yield 0.27%
OI Chg %
Volume 96,482

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Agrochemicals company Best Agrolife announced consolidated Q1FY24 results:

  • Revenue from operations for Q1FY24 stood at Rs 612 crore which grew by 141% QoQ and 32% on a YoY basis compared to Rs 254 crore in Q4FY23 and Rs 464 crore in Q1FY23
  • Gross margin for Q1FY24 is at 30% as compared to 19% in Q4FY23 and 21% in Q1FY23 which was an expansion of 1,100 bps QoQ and an expansion of 900 bps YoY.
  • EBITDA for Q1FY24 came at Rs 130 crore up 1,720% QoQ and 97% YoY compared to Rs 7 crore in Q4FY23 and Rs 66 crore in Q1FY23. The improvement in EBITDA was driven by a better product mix during Q1FY24.
  • EBITDA margin for Q1FY24 came at 21% as compared to 3% in Q4FY23 and 14% in Q1FY23 which was an expansion of 1,800 bps QoQ and an expansion of 700 bps YoY.
  • PAT for Q1FY24 was at Rs 90 crore, up 1,168% QoQ and 124% YoY compared to Rs (8) crore in Q4FY23 and Rs 40 crore in Q1FY23.
  • PAT margin for Q1FY24 came at 15% as compared to (3%) in Q4FY23 and 9% in Q1FY23 which was an expansion of 1,800 bps QoQ and an expansion of 600 bps YoY.

Commenting on results, Vimal Kumar, Managing Director, Best Agrolife, said: “I am delighted to share that Best Agrolife has achieved remarkable growth momentum, with revenue from operations growing by 32% YoY to Rs 612 crore, despite the headwinds that the agrochemicals industry has been facing. Our herbicide portfolio products including Amito, Propique, Tombo, Ronfen, and Warden have been the driving force behind this quarter's growth. Additionally, our EBITDA margins of 21% can be attributed to the increasing contribution of speciality, niche, and patented products to our overall revenue.

This quarter's performance also reinforces the widespread acceptance of our products and Best Agrolife's strong brand presence in the Indian agrochemical market. Focusing on FY24, we have already launched a couple of technicals in Q1, which are seeing promising traction, with plans to introduce one patented product in Q2. Our pipeline for technical and niche formulations is geared up for launch over the next few quarters.

While the agrochemicals industry continues to face challenges, I firmly believe that our niche product basket will not only shield us from industry perils but also drive robust growth in FY24. This gives us a reason to remain steadfast in our commitment to achieving a 30% growth target and maintaining 20% EBITDA margins for FY24.”



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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Best Agrolife Ltd Stocks COMPARISION


Equity Capital: 527.34 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,117.66 -3,609.01
LAST 3M 37,244.98 8,192.34
LAST 6M 47,342.46 155,367.92
LAST 12M 134,407.88 155,858.29

Best Agrolife Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Best Agrolife Limited (formerly known as Sahyog Multibase Limited) was incorporated as a Public Limited Company on 10 January 1992. The Company is a leading agrochemicals manufacturer and is among the top 15 agrochemicals companies. It is one of the fastest growing manufacturers of Technical, Formulations, Intermediates and Public Health products. The Company is recognized for its niche product category which promotes sustainable agriculture by delivering high quality, modern, innovative and cost-effective crop protection solutions to farmers across the globe. Presently, the Company is engaged in the business of trading of agro-based products. It offers more than 70 Formulations in the form of Insecticides, Herbicides, Fungicides and Plant Growth Regulators (PGRs), which are developed from active ingredients manufactured in-house. As part of its P2P set-up, it caters to several blue-chip corporates and leading MNCs from India and abroad. It has an R&D Center at Greater Noida unit for development of new Formulation molecules and has a fully operational pilot plant as well. The Company has three ISO-certified state-of-the-art manufacturing facilities in Gajraula, Greater Noida and Jammu & Kashmir. It has NABL accredited R&D labs which are supported by pilot plants. These facilities help the Company in developing and delivering high-quality, cost-effective crop care solutions. Honorable National Company Law Tribunal (NCLT) via its Order dated 5 May 2020 approved the Scheme of Amalgamation of Best Agrochem Private Limited with the Company with effect from 01st April 2018 and Best Agrochem Private Limited was amalgamated into the Company accordingly. In FY 2020, the Company had launched DIRON, (DINOTEFURAN 20% SG). It also launched another Blasticide for Paddy, based on new chemistry and innovation - Pyraclostrobin 100 g/l CS with the brand name of `Param`. The Company has 2 subsidiaries as on March 31, 2022. The commercial production in the Greater Noida unit commenced in FY 2022. Through robust R&D and IP efforts, this unit was granted a patent for manufacturing RONFEN, a unique 3-way insecticidal combination set to revolutionize the agrochemicals space. During the year 2022, the Company launched Ronfen, a first-of-its-kind proprietary ternary insecticide, and four other new products, namely Axeman, Warden, Reveal, and Tombo. It was granted 2 patents for innovative product viz., "A Synergistic Insecticidal Composition Comprising of Bioactive Amount of Difenthiuron and Pyriproxyfen" and secondly, "A Synergistic Herbicidal Composition Comprising Imidazolinone, Sulfonylurea and Aryloxyphenoxy Propionate Herbicide". Apart from these, the Company received a number of registrations for indigenous manufacturing of technicals like Spiromesifen, Trifloxystrobin, Pyrithiobac Sodium, and Tembotrione.

Registered Address

S-1A Ground Floor Bhagwan Dass, Nagar East Punjabi Bagh, New Delhi, New Delhi, 110026

Email : info:bestagrolife.com
Website : http://www.bestagrolife.com

Skyline Financial Services Pvt

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 539660
Book Closure Date (Month) :
BSE Group : B
ISIN : INE052T01013

FAQ’s on Best Agrolife Ltd Shares

You can buy Best Agrolife Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Best Agrolife Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 26, 2023 03:56 PM the closing price of Best Agrolife Ltd was ₹ 1,163.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jul 26, 2023 03:56 PM, the market cap of Best Agrolife Ltd stood at ₹ 2,751.10.

The latest PE ratio of Best Agrolife Ltd as of Jul 26, 2023 03:56 PM is 11.02

The latest PB ratio of Best Agrolife Ltd as of Jul 26, 2023 03:56 PM is 0.19

The 52-week high of Best Agrolife Ltd is ₹ 1,775.00 while the 52-week low is ₹ 887.15

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