Crop damage and incessant rains have hit demand for crop protection products
Inventory destocking and price erosion adversely impacted global agrochemical industry growth in 2024.
Budget 2024-25: It is time for policymakers to realise that incentives will never be enough and will only increase the fiscal burden year on year. The sector will need viable solutions for a sustained growth
Given the indication of a normal monsoon this year, the domestic agrochemical market is poised to do well
With the budget and election this year, agriculture will remain a talking point
The domestic agrochemical market is better placed while issues persist on export front
The near-term outlook is rather weak and doesn’t present an appealing investment opportunity
It is a company with a healthy balance sheet, R&D-focused parentage and has a huge growth opportunity in the exports market
The company, with superior execution and solid business model, is on track to achieve its long-term strategic objectives
Opportunity to supply technicals to its parent company showcases export potential, but near-term risks prevail
More than 20% of the company's revenue came from agri brands that were launched recently
Corporate realignment has generated investor interest, but lowering debt is a prerequisite for rerating
In May 2020, the government of India released a draft notification, prohibiting the manufacture and use of 27 insecticides. The order, till date, is a draft.
Lower liquidation of stock, inventory build-up, higher sales returns and weak export demand likely to impact December quarter earnings. However, price hike-led growth, increased sowing acreage and remunerative prices expected to help in 2023.
The stock's current valuation is at a discount to its long-term historical average and remains inexpensive, compared to its peers
Long-term performance and re-rating of this stock depends on successful execution of the planned projects
PI’s superior execution with a solid business model accompanied with surplus cash and backward integration strategies makes it a perfect stock to be bought on declines
Sharda Cropchem’s valuations are probably the lowest in the agrochem industry. The stock is trading at the lower end of its historical P/E multiples. Need more reasons to invest in the stock? Watch this video
Rallis India, PI Industries and Dhanuka Agritech are all optimistic of growth picking up, going forward. Progress in the rabi crop season and good water availability are giving hope to the farm sector
We stay cautiously positive on the sector like Rallis India and Coromandel Industries. We are convinced with the business model of PI, Dhanuka and UPL and suggest to buy on dips