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11 September 2023

Crop Life Science Limited: Cultivating Growth in Agrochemicals

Introduction:

Incorporated in 2006, Crop Life Science Limited has made its mark in the agrochemical sector by engaging in the manufacturing, distribution, and marketing of agrochemical formulations. The company specializes in producing agricultural chemicals, including micro fertilizers and pesticides such as insecticides, fungicides, herbicides, and weedicides.

Product Range:

Crop Life Science's product portfolio boasts more than 85 agrochemical products. These products play a crucial role in supporting the agricultural sector by aiding in pest control, disease management, and weed elimination, thereby contributing to enhanced crop yields.

Manufacturing Excellence:

The company's manufacturing unit, situated in GIDC Ankleshwar, Gujarat, spans an area of 5831.10 square meters. This facility serves as the hub for producing a diverse range of agrochemical formulations, contributing to the company's mission of catering to the agricultural needs of the nation.

Global Reach:

Crop Life Science's impact transcends borders, as it exports its products to countries such as Indonesia, Bangladesh, Egypt, Myanmar, Vietnam, Sudan, and more. The company's commitment to quality and regulatory compliance is evident through its products' registrations with the Central Insecticides Board (CIB), approval by the Directorate of Agriculture (Government of Gujarat), and compliance with the Gujarat Pollution Control Board (GPCB).

Financial Snapshot

A glimpse into Crop Life Science's financial performance:

Year Ended	Revenue (₹ Lakhs)	Profit After Tax (₹ Lakhs)	Net Worth (₹ Lakhs)
31-Mar-20	13,531.18	323.00	2,925.61
31-Mar-21	11,950.18	370.46	3,287.06
31-Mar-22	10,238.92	281.41	3,526.33
31-Mar-23	12,323.43	436.66	4,038.51

IPO Insights:

Crop Life Science is poised to expand its horizons through an Initial Public Offering (IPO). The IPO's total issue size amounts to ₹26.73 Crores, with a price per share of ₹52. The company will be listed on NSE SME, providing investors with an opportunity to be part of its growth journey.

Expert Opinion:

Crop Life Science's journey is marked by resilience and recovery from challenges, as reflected in its 11-month performance for FY23. While the IPO pricing based on FY23 earnings seems adequate, investors should consider the company's competitive landscape. Those who seek long-term rewards may consider this IPO as an investment opportunity.

Conclusion:

Crop Life Science's commitment to agricultural advancement through its diverse range of agrochemicals demonstrates its contribution to the agrarian landscape. As investors evaluate the IPO, delving into the company's product range, financial performance, and market potential will enable them to make informed decisions. Careful research and analysis are paramount to making sound investment choices.

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