Best Agrolife Ltd
Best Agrolife (formerly known as Sahyog Multibase Limited) [1] is a leading agrochemicals manufacturer in India and is among the top 15 agrochemicals companies in the country. It is one of the fastest growing manufacturers of Technicals, Formulations, Intermediates and Public Health products. Best Agrochem Private Limited was amalgamated with the Co. in April 2018.
Strengths
- +Company has reduced debt.
- +Company has been maintaining a healthy dividend payout of 27.9%
Weaknesses
- −The company has delivered a poor sales growth of 10.6% over past five years.
- −Company has a low return on equity of 9.51% over last 3 years.
- −Debtor days have increased from 80.8 to 103 days.
- −Working capital days have increased from 41.6 days to 65.5 days
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 50.1% | 50.1% | 50.1% | 50.44%▲0.3 | 50.44% | 50.44% | 50.44% | 50.44% |
| FIIs | 8.73% | 8.03%▼0.7 | 5.11%▼2.9 | 5.8%▲0.7 | 5.75%▼0.0 | 5.75% | 5.63%▼0.1 | 5.53%▼0.1 |
| DIIs | 2.53% | 2.67%▲0.1 | 2.74%▲0.1 | 2.74% | 2.74% | 2.11%▼0.6 | 2.11% | 2.11% |
| Public | 38.62% | 39.18%▲0.6 | 42.06%▲2.9 | 41.01%▼1.1 | 41.05%▲0.0 | 41.7%▲0.7 | 41.82%▲0.1 | 41.94%▲0.1 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 733.74 | 347.85 | 104.23 | 360.88 | 433.76 | 193.27 | 155.74 | 313.49 | 365.16 | 128.61 |
| Expenses | 689.7 | 348.63 | 121.31 | 321 | 370.76 | 189.56 | 159.45 | 283.23 | 303.63 | 128.36 |
| Operating Profit | 44.04 | -0.78 | -17.08 | 39.88 | 63 | 3.71 | -3.71 | 30.26 | 61.53 | 0.25 |
| OPM % | 6% | -0.22% | -16.39% | 11.05% | 14.52% | 1.92% | -2.38% | 9.65% | 16.85% | 0.19% |
| Net Profit | 22.19 | -11.54 | -21.09 | 22.02 | 38.27 | -6.08 | -9.45 | 19.54 | 38.33 | -5.76 |
| EPS ₹ | 0.63 | -0.33 | -0.59 | 0.62 | 1.08 | -0.17 | -0.27 | 0.55 | 1.08 | -0.16 |
AI Insights
TTM revenue at ₹963Cr, down 15.8% YoY. OPM at 9%.
Borrowings at ₹231Cr. Debt-to-equity ratio: 0.49x. Healthy balance sheet.
CWIP at ₹1Cr (3% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 2.11% (-0.44pp change). FIIs: 5.53% (-5.31pp change). Promoters hold 50.44%.
ROCE improving from 1% (Mar 2014) to 14% (Mar 2025). Working capital days: 66.
PE 13.8x with 14.4% ROCE. Price is 20% above book value of ₹13.9. Dividend yield: 1.18%.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 2d - Best Agrolife filed FY26 secretarial compliance report; shares split 1:10 and 1:2 bonus issued.
- Announcement under Regulation 30 (LODR)-Monitoring Agency Report 7 May - CRISIL reported Q4 FY26 monitoring of ₹150 crore warrant proceeds; no utilization during the quarter.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 25 Apr - Newspaper Publication- Special Window for re-lodgment of transfer requests of physical shares
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 13 Apr - Best Agrolife says it is not a Large Corporate; FY2025-26 borrowing and debt-securities issuance were nil.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 4 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse