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HomePosts Tagged "Best Agrolife Limited"
Agribusiness, Agro chems – Chemicals, Agrotech, Company News, R&D

BAL has been actively pursuing and expanding its intellectual property portfolio of 100+ national filings and 20+ international filings in OAPI, ARIPO, EU, USA, Thailand, UAE, Brazil, Argentina, Philippines, Cambodia, Yemen, Bangladesh and Bhutan.

Best Agrolife Ltd., one of India’s leading agrochemical manufacturers, has been granted an international patent for its novel ternary insecticidal combination that effectively controls the entire sucking pest complex, including whitefly, jassids, aphids, and thrips with a single application. The granted patent covers the composition of Pyriproxyfen, Diafenthiuron, and Dinotefuran in a unique suspension concentrate formulation and has been granted by the African Intellectual Property Organization (OAPI) covering the countries of Benin, Burkina Faso, Cameroun, Centrafrique, Comores, Congo, Cote d’lvoire, Gabon, Guinee, Guinee Bissau, Guinee Equatoriale, Mali, Mauritanie, Niger, Senegal, Tchad, Togo.

The patent grant exemplifies Best Agrolife Ltd.’s dedication to globally delivering advanced, farmer-centric solutions, lowering costs and promoting sustainable agricultural practices.

Best Agrolife Limited has been actively pursuing and expanding its intellectual property portfolio of 100+ national filings and 20+ international filings in OAPI, ARIPO, EU, USA, Thailand, UAE, Brazil, Argentina, Philippines, Cambodia, Yemen, Bangladesh and Bhutan. These strategic international filings reflect the company’s commitment to developing a global presence with a quality IP-protected portfolio. The companies’ patents cover major agricultural regions like the US, LATAM, APAC, Far East and Africa. “These patents are not just about protecting our intellectual property; they’re about driving meaningful change in agriculture,” added Vimal Kumar Alawadhi, MD of Best Agrolife.

Internationally, sucking pests are one of the most serious threats to agricultural crop productivity, causing significant quantitative and qualitative losses. Losses due to sucking pests are estimated to harm 18-20 percent of annual crop productivity. As much of these losses happens in the fields just before harvest, the impact can be devastating in developing countries such as the nations in the African continent.

The diverse modes of action of this formulation includes active ingredients that work through different mechanisms. “Pyriproxyfen” disrupts insect growth and reproduction, while “Diafenthiuron” targets the nervous system of pests, and “Dinotefuran” acts systemically to penetrate the plant and control pests internally. This diverse action stalls development of resistance.

This novel formulation is being successfully sold in India under the brand name of “Ronfen” and has garnered praise from farmers throughout India as a cost-effective and efficient combination. Year on year, the sale of “Ronfen” has been steadily increasing with wider adoption. The combined sale of “Ronfen” since its introduction has exceeded Rs. 400 crores with farmers using “Ronfen” to treat acreage of more than 2.4 million acres.

Best Agrolife Ltd. reaffirms its position as a leader in agricultural innovation, continuing to empower farmers across the globe by enhancing productivity, safeguarding crop quality, and increasing profitability.

BAL has been actively pursuing and expanding

Agribusiness, Agro chems – Chemicals, China, Collaborations, Company News, India

The partnership will focus on identifying new opportunities for product registrations, exploring factory cooperation through joint ventures, and leveraging best practices to expand market reach.

Best Agrolife has announced a strategic partnership with Shanghai E-Tong Chemical Co., Ltd., a listed agrochemical manufacturer based in Shanghai, China. The partnership, formalised through a Memorandum of Understanding (MOU) between Best Agrolife Ltd. and Shanghai E-Tong Chemical Co. Ltd., will focus on collaborative research, manufacturing, and global market development efforts.

The MOU outlines a long-term vision for collaboration between the two companies, emphasizing joint research and development of agrochemical technical, manufacturing intermediates, and introducing cutting-edge products for global customers. The partnership will also focus on identifying new opportunities for product registrations, exploring factory cooperation through joint ventures, and leveraging best practices to expand market reach. Through this collaboration, both companies aim to harness their combined expertise to address the evolving challenges of modern agriculture and deliver solutions that enhance productivity and sustainability.

Commenting on the partnership, Vimal Kumar, Managing Director of Best Agrolife Ltd., said, “This strategic partnership with Shanghai E-Tong Chemical Co., Ltd. is a pivotal milestone in our journey towards redefining agricultural innovation. As our first-ever R&D-focused MoU with a Chinese company, it symbolizes a new era of global collaboration for Best Agrolife. This alliance is not just about technical advancements; it reflects our shared vision of creating transformative solutions that empower farmers and enhance sustainable agricultural practices. We are confident that this partnership will pave the way for groundbreaking innovations and set new benchmarks for excellence in the agrochemical industry. This collaboration with Shanghai E-Tong Chemical Co., Ltd. represents a significant step forward in our mission to innovate and grow in the agrochemical space. It is a step forward in addressing the evolving needs of agriculture and strengthening our position in the global agrochemical industry.”

E-Tong Chemical specializes in the production and export of herbicides, fungicides, insecticides, and public health products. The company holds over 1,000 registrations across markets including Brazil, India, and Vietnam. Since becoming a subsidiary of Yongtai Technology in 2015, E-Tong has expanded its operations to include intermediates and formulations. Yongtai Technology, established in 1999, operates in the pharmaceuticals, pesticides, and advanced materials sectors, with over 3,000 employees worldwide.

The partnership will focus on identifying new

Agribusiness, Agro chems – Chemicals, Company News, Finance, India

Company posted Revenue from Operations at Rs. 746.6 Crore in Q2 FY25.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its unaudited financial results for the quarter and half year ended September 30th, 2024, in the Board meeting held on 18th October, 2024.

 Company’s Q2 FY25 Revenue from Operations declined by 8 per cent YoY to Rs. 746.6 crore in Q2 FY25 compared to Rs. 811.2 crore in Q2 FY24 due to lesser sprays on account of continuous rains and a strategic higher focus on branded sales. Branded sales contributed 65 per cent to the overall revenue as compared to 63 per cent in Q2FY24. Q2 FY25 EBITDA was at Rs. 147.1 crore compared to Rs. 144.1 crore in Q2 FY24. EBITDA margin stood at 19.7 per cent with an increase of 193 Bps on YoY basis, mainly on account of stability in raw material prices & higher sales of branded products. Company’s Q2 FY25 PAT stood at Rs. 94.7 crore compared to Rs. 94.9 crore in Q2 FY24. As on September 30, 2024, the Net Debt to equity has improved to 0.59 as compared to 0.90 as on 31st March 2024.

Commenting on the result and overall update on the Q2 FY25, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “We are pleased to announce that Best Agrolife Ltd. has delivered a strong performance in Q2 FY25, capitalising on favourable market conditions and executing our strategic shift toward branded sales. Our commitment to enhancing brand visibility and expanding our market presence has yielded positive results, contributing significantly to both top-line and bottom-line growth.”

During H1 FY25, we secured three key patents for our innovative formulations, reinforcing our leadership in the crop protection segment. Our branded products continued to perform exceptionally well across regions, driving overall revenue growth. As a result of these efforts, we saw a substantial improvement in profitability, with our margins expanding from 26 per cent to 34 per cent year-on-year.

Due to our effective working capital management, we have seen a significant improvement in cash flow from operating activities, rising from Rs 5 crores in H1FY24 to Rs 125 crores in H1FY25, reflecting our ongoing focus on optimizing financial performance.

A notable achievement has been the effective management of sales returns-a challenge we faced in the previous fiscal year. By optimizing our supply chain to better align with channel demand, we successfully reduced sales returns, which are expected to remain significantly lower than last year.

“Looking ahead, we are excited about our strong product pipeline for Q3 and Q4 FY25. In the upcoming quarter, we plan to launch our patented herbicide ‘Shot Down’ alongside a new insecticide. Additionally, two more cutting-edge insecticides are slated for release in Q4, further strengthening our product portfolio and market competitiveness. As we move forward, Best Agrolife remains committed to leveraging innovation, expanding brand presence, and maintaining financial discipline to drive sustainable growth in the coming quarters.”

Business Highlights

The Company was granted a patent for its novel ternary pesticide formulation that integrates Isoprothiolane, Pymetrozine, and Trifloxystrobin; as well as one for its fungicide formulation that combines Trifloxystrobin and Valifenalate.

Best Agrolife received a patent for innovative insecticide formulation ‘Nemagen’ that combines Chlorantraniliprole, Novaluron, and Emamectin Benzoate.

The Company received regulatory approval for Nemagen, an insecticide formulation called to target resistant pests causing major crop damage.

Company posted Revenue from Operations at Rs.

Agribusiness, Agro chems – Chemicals, Company News, Finance, India

In Q4 FY24 Company’s Revenue from Operations declined by 46.68 per cent Y-o-Y to Rs. 135.39 crore compared to Rs 253.91 crore in Q4 FY23.

Best Agrolife Limited, amongst India’s leading agrochemicals manufacturers, announced its audited financial results for the quarter and financial year ended March 31st, 2024, in the Board meeting held on 24th May 2024.

Company’s Revenue from Operations declined by 46.68 per cent Y-o-Y to Rs. 135.39 crore in Q4 FY24 compared to Rs 253.91 crore in Q4 FY23, due to an unexpected seasonal failure, of Q3 and Q4 of FY24 as against normal seasonal conditions in same period last year, leading to lower-than-expected sales coupled with surge in sales returns. Q4 FY24 EBITDA (excluding Other Income) was a loss of Rs. 67.10 crore against a profit of Rs 7.14 crore in Q4 FY23. Q4 FY24 PAT stood at loss of Rs 72.49 crore against a loss of Rs 8.41 crore in Q4 FY23, caused by price erosion and our investments in brand building.

Company’s revenue from Operations grew by 7.31 per cent to Rs 1,873.32 crore in FY24 compared to Rs. 1,745.68 crore in FY23. This is mainly due to significant growth in branded sales as compared to the previous corresponding period. FY24 EBITDA (excluding Other Income) was at Rs. 225.59 crore against Rs. 313.66 crore in FY23, a decline of 28.08 per cent on Y-o-Y basis. This is mainly due to shift in business strategy from institutional sales to branded sales, which has resulted in higher employee costs and other expenses. The increase in employee costs is attributable to the strategic investment in manpower to expand the dealer network. Additionally, other expenses have increased due to incremental travel and marketing expenses. In FY24, company posted PAT of Rs. 106.27 crore.

Commenting on the result and overall update on the financial year 2023-2024, Vimal Kumar, Managing Director, Best Agrolife Ltd. said, “Despite the many challenges faced during the year, for the full year FY24, our revenue grew by 7 per cent on Y-o-Y basis. This growth was driven by our shift in business strategy from institutional sales to branded sales. This has resulted in the growth of our branded business by 85 per cent.  However, the EBITDA margins reduced to 12 per cent in FY24, mainly because of the stress on the gross margin due to pricing pressures in the market, primarily caused by oversupply from China. Combination of weather factors, our shift towards branded products, and an expanding distributor network led to higher trade inventory.

Additionally, employee costs have gone up due to a shift in business strategy. The planned increase in employee cost is a strategic investment to strengthen our sales distribution network. Also, other expenses have risen due to incremental marketing costs for focus on branded business.

Despite the high competition from imports, particularly pricing pressure from China and the challenges posed by the global economic climate, we have maintained good profit margins.

This year, our company achieved several significant operational milestones. We became a major partner in Kashmir Chemicals by acquiring a 99 per cent stake, increasing our formulation capacities. Our strategic acquisition of Sudarshan Farm Chemicals will allow us to leverage SFCL’s robust R&D capabilities, IP portfolio, and backward-integrated technical manufacturing expertise. These developments will be crucial in enhancing our manufacturing and innovation capabilities.

In Q4 FY24 Company’s Revenue from Operations

Agro chems – Chemicals, Agrotech, Company News, India

BAL also received the registration for indigenous manufacturing of another crucial pesticide Kresoxim Methyl Technical u/s 9 (4) in the RC meeting.

Best Agrolife Limited, a leading player in the Indian agrochemical industry, has been granted registration for the indigenous manufacturing of Pyroxasulfone technical u/s 9(3) by Central Insecticides Board & Registration Committee in the 440th meeting. With this Best Agrolife Limited (BAL) will become the first Indian agrochemical company to manufacture Pyroxasulfone Technical in India. BAL also received the registration for indigenous manufacturing of another crucial pesticide Kresoxim Methyl Technical u/s 9 (4) in the same RC meeting.

 Pyroxasulfone is a novel pre-emergence herbicide for wheat, corn, and soybean. Wheat is the primary cereal crop in India. The total area under the yield is about 29.8 million hectares in the country. While the area harvested for corn across India in 2021/2022 was 9.7 million hectares the Kharif acreage under soybean in the 2021 Kharif season was 120 lakh hectares. Pyroxasulfone controls the problematic weeds in these crops and ensures their better quality and higher yields. It acts by inhibiting the biosynthesis of very long-chain fatty acids in plants. As compared with other commercial herbicides it has lower application rates and higher efficacy against broadleaf weeds.

The market size of Pyroxasulfone is approximately Rs 450 crore at present and its demand will increase further in the coming years. Until now India was dependent on other countries for Pyroxasulfone. However, now under the Government of India’s ‘Make in India’ initiative, it will be manufactured indigenously and will be easily available to the farmers. This will prove to be highly beneficial for them as they will get a high-quality product at a better price.

“This new development is of paramount importance for our company and we strongly believe it will play a decisive role in achieving our goals. Our company is focused on developing cost-effective and sustainable crop solutions which benefit farmers across multiple crops and our comprehensive product portfolio is a testimony to that. With these new pesticides in our product portfolio we will be able to contribute more to efficient global food production in the future,” said Mr. Vimal Alawadhi, Managing Director – Best Agrolife Limited.

BAL also received the registration for indigenous

Uncategorized

The one-shot solution will help to protect soybean crops from the attack of narrow-leaved weeds, broad-leaved weeds, and sedges

Best Agrolife Limited (BAL) has received one more patent for herbicidal composition of haloxyfop, imazethapyr, and chlorimuron, likely to emerge as an effective one-shot solution to protect soybean crops from the attack of narrow-leaved weeds, broadleaved weeds, and sedges.

“The company is planning to launch this in-house developed ternary herbicide in all these Indian states by early 2023 with the brand name ‘Shot Down’. With this patent in hand, BAL will now have a competitive advantage over the contemporary agrochemical players in India as this product is going to be of high importance not only in India but in other soybean-producing countries as well. Therefore, the company is also moving ahead with the procedures of filing the PCT application to globalise the proprietary brand Shot Down in many other major soybean-producing countries like Brazil,” said Vimal Alawadhi, MD, BAL.

The one-shot solution will help to protect

Finance

The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore.

Delhi-based agro-inputs major, Best Agrolife Limited has announced its financial results for Q3FY22 on January 25, 2022 in their Board of Directors meeting.

Commenting on the results, Managing Director of BAL, Vimal Alawadhi said, “The current quarter’s performance would be sustainable in quarter 4 too, as the production will soon commence in its newly set up state-of-the-art formulation unit Seedlings India Limited where BAL’s new proprietary formulation ‘RONFEN’ will also be produced. Above all, the strategic alliances with premier customers including leading MNC’s are also being formed under which new businesses will commence with newly launched high value speciality products.”
 
The company recorded consolidated revenue of Rs 901.4 crore for the period ended on December 31, 2021, a growth of 29 per cent over PY of Rs 697.3 crore. Profit before tax was at Rs 91.3 crore, with a growth of 466 per cent over PY of Rs 16.1 crore and the profit after tax was Rs 66.6 crore, registering a growth of 464 per cent over PY of Rs 11.8 crore. EBITDA was at Rs 103.7 crore (11.5 per cent) with a growth of 628 per cent over PY of Rs 14.2 crore (2 per cent).

Moving ahead with their expansion plan BAL has now acquired Agrico Chemicals through a cash deal of Rs 10.22 crore. Agrico Chemicals is situated at Phase-1, SIDCO Industry Complex, IGC Samba, Jammu & Kashmir.

This acquisition is crucial for BAL in many ways. Other than increasing the company’s revenue by Rs 150 crore approximately this unit will also add formulation capacity of 8000 KL/MT per annum. The plant at Agrico Chemicals will be specifically dedicated to proprietary formulations like WG, SC, and EC.

The company recorded consolidated revenue of Rs