Sharda Cropchem Ltd | Strategy for Success | Investing | Share Market Advise | Share Guru Weekly |

28/01/2019 16:47:57
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Sharda Cropchem Ltd is engaged in the business of agrochemicals and non-agro chemicals. Agrochemicals division contributes 87% income and the later 13%.

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The agrochemicals division identifies molecules and develops them into herbicides, fungicides and insecticides. It also obtains registrations products required to export them to Europe, NAFTA and LATAM countries. The division of non-agrochemicals exports conveyor belts, general chemicals, dyes and dye intermediates to world markets. The company has been following a business strategy under which it imports bulk chemicals from China and sourcing from local markets at throwaway prices and exporting finished products with high margins. To keep costs under control, it gets formulations and active ingredients manufactured by others on a job work basis. Its ability to get registrations without delays is the other strength for its success. As on March 31, 2018, It had 2,157 molecules registered. Of them, 1,929 were formulations and 228 active ingredients. Half of the income is coming from 10 prominent molecules. In 2017-18, four molecules entered the Top-10 list.

 

The standalone net profit, in the quarter ended Dec 2018, doubled at Rs 20.06 Cr from Rs 10.64 Cr in the year-ago period. In the first nine months ended Dec 2018, the consolidated net profit improved to Rs 79.15 Cr from Rs 76.07 Cr in the year-ago period. The stock recorded a 52-Week High of Rs 470 and a Low of Rs 260. It is now trading between high/low prices at around Rs 303, which is attractive

 

BSE Code: 538666

Face Value: Rs 10.00

Market Price: Rs 305/-

 

28 Jan 19 | 13:38 | All Prices in INR

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