With a market capitalization of ₹ 2,622 crores, Best Agrolife is a small-cap company in the agrochemical industry of India. It offers high-quality, innovative, effective crop protection and food safety solutions to farmers. Its products are well-researched, economically priced, and easily accessible in 30+ countries across the globe and Pan-India.
The company got listed on the Bombay Stock Exchange (BSE) in April 2016. However, it got listed on the National Stock Exchange (NSE) only in February 2021.
Ace Investor Ashish Kacholia currently holds a 2.3% stake in the company. Interestingly, he has increased his stake by 0.8% from 1.5% in July to September quarter of 2022, to 2.3% in the October to December quarter of 2022. He holds 532,526 shares and his holdings in the company are worth ₹ 58.7 crores.
In the past five years, the company’s share price increased from ₹ 2.90 apiece to the current level of ₹ 1102.10 apiece on the BSE, giving multibagger returns of 37,903%. Therefore, if an investor would have invested ₹ 1 lakh in the company’s shares five years ago, the value of their holdings would have been ₹ 3.80 crores today!
Best Agrolife has an excellent return on equity of 45.59%, a high EPS of 103.71 and an ideal debt-to-equity ratio of 0.96. Moreover, its shares were trading at a price-to-earnings ratio (P/E) of 10.69, which is lower than the industry P/E of 13.14, indicating that the stock might be undervalued as compared to its peers.
Written by Simran Bafna
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