Agrochemicals

Chemicals players in the discretionary space saw clear signs of growth revival in Q1FY25, while agrochemical companies need to wait more for a recovery in demand.

Coromandel International: Weak Q4, new businesses yet to make a mark

Subsidy rates for the 2024 Kharif cropping season will be the key factor to watch

Chemicals: Time to go overweight?

Growth prospects in China and the US augur well for the sector

Modi's Budget keeps agrochem sector on a fertile pitch

Some much needed initiatives announced by the government for the agriculture sector

Agrochemicals exporters' revenue weakness may spill over to 2024

Most global companies indicate continuing destocking pressures

PI Industries sticks with its growth momentum

PI Industries, with superior execution and a solid business model, is on track to achieve its long-term strategic objectives

UPL Q2 FY24: A quarter where the bad turned ugly

High channel inventory, dismal pricing, weak cashflows, high leverage – all came together to hurt the overall business. In fact, a lot of things will have to improve before we could see a reason for any rerating

Rallis India: New opportunity in the offing

Long-term business potential is not affected by near-term headwinds

Sharda Cropchem’s weak result has a cautionary message for UPL investors

Agrochemicals' revenues plunged in Q2 on steep price erosion in international markets

Sharda Cropchem continues to wobble

The near-term outlook is rather weak and doesn’t present an appealing investment opportunity

Sumitomo Chemical India: Limited opportunities in the near term

A company with a healthy balance sheet and an R&D-focused parentage, but growth in the exports market will be slow

Agrochemicals sector to witness 3% dip in revenue in FY24 on tepid demand: Report

Crisil Ratings said that sluggish exports and domestic demand will weigh on the operating profitability of agrochemicals manufacturers.

Dhanuka Agritech: The overcast condition is clearing

Growth opportunities have become more visible now and short-term concerns weigh less

Sluggish demand, unclear debt reduction target push UPL into a pool of downgrades

While analysts and investors have moved away from UPL in anticipation of bleak prospects, the last two quarters of FY24 are expected to see improvement in demand for agrochemicals globally

PI Industries: Solid execution despite sectoral woes

The company, with superior execution and a solid business model, is on track to achieve its long-term strategic objectives

Coromandel International Q1FY24: Twinkled amidst challenging times

Emerging business segments hold good potential and are likely to be value-accretive.

Rallis India’s results indicate tough times for agrochemical exporters 

While the export business is facing price erosion, delayed monsoon is feared to have weighed on product offtake in the June quarter

Rallis India: Long-term story in place despite near-term headwinds

We see an improvement in Rallis’ business in FY24-25 and view the current valuation as an opportunity for long-term gains.

Capex momentum continues for chemical cos despite near-term hiccups, says Centrum Broking

Centrum Broking has a 'buy' call for 10 out of the 12 chemicals and agrochemicals players under its coverage.

Rallis India: Facing a double whammy in the short term

We see an improvement in Rallis’ business in FY24 and view the recent correction as an opportunity for long-term gains

Rallis India, ADAMA results point to more pain for crop care firms

High inventories and falling product prices can undermine profitability, warns Rallis

Supply glut clouds sales outlook for agrochem companies

After FMC Corp, Bayer has projected slower growth in calendar year 2023

Be selective in agrochemical space as monsoon remains the joker in the pack

There are a few business models which are better placed to ride this period of weather uncertainty but caution needs to be exercised

Dhanuka Agritech: Growth catalysts go missing

Weak 9M performance and limited opportunities for a turnaround continue to exert pressure on margins

PI Industries: Our optimism remains intact

A company with superior execution and solid business model