Choice Capital Advisors Pvt.Ltd.
Advance Agrolife Limited is an established agrochemical manufacturer specializing in a comprehensive range of products—including insecticides, herbicides, fungicides, and bio-fertilizers—that support the full lifecycle of major Indian crops (Kharif and Rabi seasons). The company operates an integrated manufacturing setup across three facilities in Jaipur, Rajasthan, producing both Technical Grade (raw active ingredients) and various forms of Formulation Grade (finished products).
The company’s core strategy is a B2B model, focusing on direct sales to large corporate customers such as DCM Shriram and IFFCO MC, who market the products under their own brands. This approach effectively leverages customers’ distribution networks across 19 Indian states. The company also maintains an international footprint, exporting to seven countries including China and the UAE. Advance Agrolife has a robust product pipeline with 410 generic registrations and is strategically focused on backward integration into Technical Grade manufacturing. The company’s long-term corporate relationships and diversified portfolio position it strongly within the growing domestic and international agrochemical markets.
For the year/period ended (Rs. in Cr.)
| FY25 | FY24 | FY23 | |
|---|---|---|---|
| Total Revenue | 502.88 | 457.21 | 397.97 |
| Profit After Tax | 25.64 | 24.73 | 14.87 |
| EPS | 5.70 | 5.50 | 3.30 |
| EBITDA Margin (%) | 9.61 | 8.82 | 6.34 |
| PAT Margin (%) | 5.10 | 5.42 | 3.74 |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY25 |
Net Profits(Cr.) FY25 |
|---|---|---|---|---|---|---|
| Advance Agrolife Ltd | 642.86* | 100 | 5.98 | 25.07 | 502.88 | 25.64 |
| Dharmaj Crop Guard Limited | 1093 | 324 | – | 31.4 | 951 | 35 |
| Insecticides India Ltd | 2282 | 771 | 2.09 | 15.1 | 2000 | 142 |
| Heranba Industries Ltd | 1268 | 317 | 1.51 | – | 1410 | 2 |
| PI Industries Limited | 54718 | 3607 | 5.39 | 33.9 | 7978 | 1660 |
*Market cap @upper band
The Company ADVANCE AGROLIFE LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
At the upper band of IPO ₹ 100, the stock is valued at 25.07 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.
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