Hello Sir,
Recently, I was looking at few companies like Insecticides India, Sharda Cropchem, etc. which deal in Agrochemicals.
The last 2 years were really bad for the industry with pricing challenges and excess supply from China. Prices of many agrochemicals corrected by 40-50% and even more and similarly stock prices are also down around 50% and more.
However, based on the management commentary, it seems that prices have stabilized now and are gradually moving upwards.
It’s always interesting to look at good companies going through a bad industry cycle. More so, if there are signs of bottoming out. Thus, we decided to check in detail about Agrochemical industry.
You can read the entire details on Agrochemical industry on the following links:
- On twitter (if you have an account on twitter) – Click HERE
- On thread reader (doesn’t require login) – Click HERE
1 New Portfolio Stock Recommendation – Released a new stock recommendation for Alpha and Alpha + Members
- Key beneficiary of strong growth in Real Estate segment
- 100% + increase in sales in last 3 years and management targeting 20-30% sales CAGR for the next few years
- Improvement in product mix resulting in higher margins and ticket size
- Improving balance sheet with reduction in net debt and working capital days
- Attractive valuations and value unlocking through demerger
You can get the detailed report on the above stock and other recommendations by signing up HERE
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Disclaimer: This is not a recommendation to buy/sell Insecticides India, Sharda Cropchem. The securities quoted are for illustration only and are not recommendatory.
Best Regards,
Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.
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Disclaimer: You can access it here – LINK
Whether the research analyst or research entity or his associate or his relative has any financial interest in the subject company/companies and the nature of such financial interest – Yes, in Insecticides India and Sharda Cropchem
Whether the research analyst or research entity or his associates or his relatives have actual/beneficial ownership of 1% or more securities of the subject company (at the end of the month immediately preceding the date of publication of the research report or date of the public appearance) – No
Whether the research analyst or research entity or his associate or his relative has any other material conflict of interest at the time of publication of the research report or at the time of public appearance – No
Whether it or its associates have received any compensation from the subject company in the past twelve months – No
Whether it or its associates have managed or co-managed public offering of securities for the subject company in the past 12 months – No
Whether it or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months – No
Whether it or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months – No
Whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided – No
Whether the research analyst has served as an officer, director or employee of the subject company – No
Whether the research analyst or research entity has been engaged in market making activity for the subject company – No