Q2 & H1 FY24 Earnings Presentation

Best Agrolife Limited

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Disclaimer
The Presentation is to provide the general background information about the Company’s activities as at the date of the
Presentation. The information contained herein is for general information purposes only and based on estimates and
should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The
Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or
liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein.
This presentation may include certain “forward looking statements”. These statements are based on current
expectations, forecasts and assumptions that are subject to risks and uncertainties which could cause actual outcomes
and results to differ materially from these statements. Important factors that could cause actual results to differ
materially from our expectations include, amongst others, general economic and business conditions in India and
abroad, ability to successfully implement our strategy, our research & development efforts, our growth & expansion
plans and technological changes, changes in the value of the Rupee and other currencies, changes in the Indian and
international interest rates, change in laws and regulations that apply to the Indian and global chemical/pharmaceuticals
industries, increasing competition, changes in political conditions in India or any other country and changes in the
foreign exchange control regulations in India. Neither the company, nor its Directors and any of the affiliates or
employee have any obligation to update or otherwise revise any forward-looking statements. The readers may use their
own judgment and are advised to make their own calculations before deciding on any matter based on the information
given herein.
No part of this presentation may be reproduced, quoted or circulated without prior written approval from Best Agrolife
Ltd.

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 Q2FY24 Highlights
“Despite the challenging external environment, we have maintained a strong growth trajectory, with revenue from
operations surging by 32% sequentially to reach Rs. 811 crores. This remarkable growth can be attributed to the success of
our flagship products, including Ronfen, Tricolor, CTPR, Propique, Amito, and others. Notably, the second quarter is a pivotal
season for Ronfen, and robust interest from farmers is contributing significantly to our growth. Our profit margins remain
relatively resilient, driven by an improved product mix. The consistent demand for our products has shielded us from pricing
pressures that generic agrochemicals are grappling with.
I am also pleased at the ground-breaking achievement by our subsidiary, Seedlings India, which has been granted a 20-year
patent for a revolutionary Synergistic Pesticidal Composition. This composition incorporates two insecticides and a fungicide,
offering innovative solutions to the challenges faced in rice cultivation. We have additionally secured a vital 20-year patent
for a revolutionary herbicidal composition that promises to enhance rice crop yields. This one-shot herbicide, set to launch in
the next Kharif season under the brand name 'Orisulam,' will further bolster our herbicide portfolio. During this quarter, we
introduced our patented product, Tricolor, which has garnered a very encouraging response from the farming community.
Mr. Vimal Kumar
MANAGING DIRECTOR Notwithstanding the industry's anticipated challenges in the forthcoming quarters, our differentiated product portfolio instils
confidence in our ability to drive growth with improvised EBITDA for FY24.”

Revenue EBITDA PAT ROCE

Rs. 811 cr Rs. 144 cr Rs. 95 cr 18%

Q2 FY24 16% YoY 18% 12%
32% QoQ
EBITDA Margin PAT Margin
-21% YoY 300 bps -27% YoY 300 bps
Financial Highlights

Q2 FY24
 Revenue from operations for Q2 FY24 stood at Rs. 811 cr which grew by 32% QoQ and 16% on YoY basis
compared to Rs. 612 cr in Q1 FY24 and Rs. 700 cr in Q2 FY23

 EBITDA for the quarter came at Rs. 144 cr up 11% QoQ and de-grew 21% YoY compared to Rs. 130 cr in Q1
FY24 and Rs. 183 cr in Q2 FY23. The improvement in EBITDA for the quarter was on account of better product
mix.

 EBITDA margin for the quarter came at 18% as compared to 21% in Q1 FY24 and 26% in Q2 FY23, down 300
bps QoQ and down 800 bps YoY.

 PAT for the quarter was at Rs. 95 cr, up 5% QoQ and down 27% YoY compared to Rs. 91 cr in Q1 FY24 and Rs.
130 cr in Q2 FY23 .

 PAT margin for the quarter came at 12% as compared to 15% in Q1 FY24 and 19% in Q2 FY23, down 300 bps
QoQ and down 700 bps YoY.

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Financial Highlights

H1 FY24
 Revenue from operations for H1 FY24 stood at Rs. 1,423 cr which grew by 22% on YoY basis compared to Rs.
1,164 cr in H1 FY23

 EBITDA for H1 FY24 came at Rs. 274 cr up 10% YoY compared to Rs. 248 cr in H1 FY23. The improvement in
EBITDA was driven by better product mix and higher sales during H1FY24

 EBITDA margin for H1 FY24 was at 19% as compared to 21% in H1 FY23, down 200 bps YoY.

 PAT for H1 FY24 came at Rs. 185 cr up 9% YoY compared to Rs. 170 cr in H1 FY23.

 PAT margin for H1 FY24 was at 13% as compared to 15% in H1 FY23, down 200 bps YoY.

 The drop in EBITDA and PAT % is mainly due to increase in Employee cost and Brand building exercise; which
is in-line with Business Growth plans and expansion.

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Key Business Highlights

Product Launch in Q2FY24

 BAL Launched 1 Herbicide and 1 Fungicide product during the quarter

 Fungicide: TriColor (Patented Combination of Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% Sc)

 Herbicide: Azaro-Pyroxasulfone 85% WG

Other Business Highlights

 Started new office in Hyderabad, a strategic move to build a pivotal position in the region

 BAL Inked a marketing agreement with Syngenta for the marketing of Pyroxosulfone 85% WG herbicide under the
brand name Movondo

 BAL invested to acquired 99% stake in Kashmir Chemicals [A Partnership Firm, based at Jammu] and became the
major partner, a strategic aim to expand manufacturing capacity
Capex Update
 Brown field Capex for Strobilurin Chemistry, Backward Integration of Technicals and Capacity enhancement for
Formulation is going in full swing as per plans.
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Key Business Highlights

Approvals and Registrations received Q2FY24

 Seedlings India has been granted a patent for an invention entitled “Synergistic Granular Herbicidal
Composition For Paddy” for a term of 20 years. The company plans to launch the "Orisulam" brand name
herbicide as a one-shot solution in the upcoming Kharif season. The newly patented herbicidal composition is
a powerful and effective solution for addressing the challenges of Monocot and Dicot weeds in paddy crops. It
offers a comprehensive strategy to combat weeds such as Echinochloa crusgalli, Echinochloa colonum,
Ludwigia parviflora, Cyperus rotundus, Cyperus difformis, Cyperus iria, Fimbristylis miliacae, Monochoria
vaginalis, Leptochloa chinensis, Panicum repens, Chenopodium album, Commelina benghalensis, and Eclipta
alba.

 Seedlings India has been granted a 20-year patent for a revolutionary invention of a Synergistic Pesticidal
Composition that includes two insecticides and a fungicide to address some of the most pressing challenges in
rice cultivation. The patented innovation offers a potent and efficient remedy for addressing the issues posed
by the Brown Plant Hopper (BPH), Green Leaf Hopper, White Backed Plant, and various fungal diseases that
have been persistent challenges for rice crops in India and worldwide.
 Strong revenue growth coupled with improving
margins
Revenue EBITDA PAT

Q2 FY24
700 328 254 612 811 183 58 7 130 144 130 31 -8 90 95

Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2 Q2 Q3 Q4 Q1 Q2
FY23 FY23 FY23 FY24 FY24 FY23 FY23 FY23 FY24 FY24 FY23 FY23 FY23 FY24 FY24

H1 FY24
1,164 1,423 248 274 170 185

H1 H1 H1 H1 H1 H1
FY23 FY24 FY23 FY24 FY23 FY24

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 Glimpse of Differentiated products launched since 2022
TOMBO  A new generation corn herbicide Tembotrione shows a fast efficacy in control of weeds.
A first of its kind ternary insecticidal combination of Best
 It is altd,
Agrolife post emergence
Ronfen is a singleherbicide that
shot solution dissipates
that controls allrapidly
su ckin g in the environment that causes
pests any crop phy totoxicity.
in various crops like cotton, chilly, vegetables, and many oth er segmen ts.
LAUNCHED  It has a low application rate per hectare and hence poses almost nil environment risk.
Ronfen covers the composition of Pyriproxyfen 8%, Diafenth iuron 18%, an d
Dinotefuran 5% in a unique suspension concentrate formulation .

 A single shot solution that controls all sucking pests in various crops like cotton, chilly, vegetab les, and many other
Patented RONFEN segments
A first of its kind ternary insecticidal combination of Best
Product  Ronfen
Agrolife ltd,covers
Ronfen the
is a composition of Pyriproxyfen
single shot solution that controls8%, Diafenthiuron
all su ckin g pests 18%, and Dinotefuran 5% in a unique suspension
concentrate
in various formulation
crops like cotton, chilly, vegetables, and many oth er segmen ts.
LAUNCHED Ronfen covers Market
the composition of Pyriproxyfen 8%, Diafenth iuron 18%, an d
 Domestic Size of around Rs. 8,000cr
Dinotefuran 5% in a unique suspension concentrate formulation .

 AxeMan (Dinotefuran 15% + Pymetrozine 45 % WG), with its dual mode of action, helps protect the rice crop from
AXEMAN
the devastating
A first of pest BPH
its kind which
ternary developscombination
insecticidal high resistance
of Bestagainst all agrochemicals.
Agrolife ltd, Ronfen is a single shot solution that controls all su ckin g pests
 AxeMan provides healthy and vibrant tillers at the reproductive stage and helps in the long -duration control and
in various crops like cotton, chilly, vegetables, and many oth er segmen ts.
LAUNCHED resistance
Ronfen management
covers the compositionof of BPH in paddy.
Pyriproxyfen 8%, Diafenth iuron 18%, an d
Dinotefuran 5% in a unique suspension concentrate formulation .

 A ternary combination of two fungicides and one insecticide (Azoxystrobin 45% + Thiophanate Methyl 1 1.25% +
WARDEN
Thiamethoxam
A first of25% FS).ternary insecticidal combination of Best
its kind
Agrolife ltd, Ronfen is a single shot solution that controls all su ckin g pests
 It acts as a systemic fungicide and insecticide that provides effective seed treatment and can preve nt pest and
in various crops like cotton, chilly, vegetables, and many oth er segmen ts.
LAUNCHED disease
Ronfen infestation
covers for upoftoPyriproxyfen
the composition long if appropriately
8%, Diafenthtreated.
iuron 18%, an d
Dinotefuran 5% in a unique suspension concentrate formulation .

REVEAL  A new generation systemic insecticide with dual action as insecticide & acarecide used as foliar spray for the
A first of its kind ternary insecticidal combination of Best
control
Agrolife ltd, of red spider
Ronfen mite
is a single in Brinjal
shot solution&that
Tea; yellowallmite
controls ingChilli,
su ckin pests Eruopean red mite & red spider mite in Apple and
White Fly & Mite in Tomato and cotton
in various crops like cotton, chilly, vegetables, and many oth er segmen ts.
LAUNCHED Ronfen covers the composition of Pyriproxyfen 8%, Diafenth iuron 18%, an d
Dinotefuran 5% in a unique suspension concentrate formulation . 9
 Glimpse of Differentiated products launched since 2022
CITIGEN
(CTPR)  It is a Aplant
first of its kind ternary
systemic insecticidal
insecticide combination
that belongs of Best
to the group anthranilic diamide, which has a unique mode of action
Agrolife ltd, Ronfen is a single shot solution that controls all su ckin g pests
first to launch called Ryanodine Receptor Activators that disrupt normal muscle functions within the pest.
in various crops like cotton, chilly, vegetables, and many oth er segmen ts.
in India after LAUNCHED  Activation
Ronfen covers theleads
composition
to the of Pyriproxyfenrelease
unregulated 8%, Diafenth iuron(Calcium)
of Ca2+ 18%, an d from the sarcoplasmic reticulum muscle cells
Dinotefuran 5% in
in aimpaired
unique suspension concentrate formulation .
Innovator resulting muscle paralysis, feeding cessation, lethargy and eventually insect death.
VISTARA
 Best Agrolife is the first generic company to launch the product in India post the product going off -patent
(CTPR)
 Market Size of around Rs. 2,800cr as of 2023
LAUNCHED

TRI-COLOR
(DIFENOCONAZOLE +  Broad spectrum fungicide 3X formulae where sulphur acts as a catalyst
Patented TRIFLOXYSTROBIN +
 Composition of Difenoconazole, Trifloxystrobin and sulphur
Product SULPHUR)
 We plan to launch this combination PAN India with the brand name ‘ Tricolor’
LAUNCHED

AZARO  Novel pre-emergence herbicide for wheat, corn, and soybean.

(PYROXASULFONE)  Until now India was dependent on other countries for Pyroxasulfone
LAUNCHED
 The market size of Pyroxasulfone is approximately ₹ 450 Crore as of 2023

9 (3) PROPIQUE
 Herbicide used for the post-emergence control of a wide range of annual and perennial grasses in various
broadleaf crops such as soybean, cotton, pulses, sunflower, other field crops, vegetables, fruit tre es, vineyards,
Registration (PROPIQUAZAFOP)
sugarbeet, oilseed rape, and forestry.
LAUNCHED  With ₹ 350 Cr of the market size in India.

AMITO  A new selective early post-emergence herbicide with broad-spectrum activity on grasses and broad-leaved
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(AMETRYN) weeds
LAUNCHED  Provides a longer duration of weed control and shields sugarcane
 Product Launch Plan FY24
HERBICIDE
HALOXYFOP +  Patent for herbicidal Composition of Haloxyfop + Imazethapyr + chlorimuron
Patented IMAZETHAPYR +  A very prominent one-shot solution for an important crop like Soyabean. High importance not only in India but in other
Product CHLORIMURON soybean-producing countries as well

TO BE LAUNCHED
 Plan to launch Pan -India with the brand name ‘Shot Down’

HALOSULFURON  Selective, systemic post-emergence herbicide with WDG formulation and residual soil activity
METHYL  Rapidly inhibits the growth of susceptible weeds in low doses
TO BE LAUNCHED
 Provides exponential benefits every season

PROPAQUIZAFOP +
OXYFLUORFEN  Contact and Broad Spectrum Herbicide, Post Emergence Herbicide
TO BE LAUNCHED
 Provides long-duration weed with foliar and residual activity grasses and broad -leaved weeds in Onion crop

FUNGICIDE
CYAZOFAMID +  Composition of Cyazofamid, Dimethomorph, and Difenoconazole
Patented DIMETHOMORPH +
DIFENOCONAZOLE  Highly effective against Late Blight and Downy Mildew in tomato and grapes crops
Product TO BE LAUNCHED  The approximate market size of this fungicidal composition is ₹350 crore.

METIRAM +
PYRACLOSTROBIN  A novel combination of Metiram and Pyraclostrobin is effective against a broad spectrum of disease
 A premium broad-spectrum dual AI fungicide that provides extended disease protection and additional health benefits
TO BE LAUNCHED

CYHALOFOP-BUTYL  A post-emergence, herbicide Cyhalofop-butyl, is used for controlling weeds in rice plantations.

TO BE LAUNCHED
 These herbicides stop weed growth immediately, thus minimizing crop losses and facilitating high pro duction
P&L For Q2 & H1 FY24
Value (INR Cr) Q2 FY24 Q2 FY23 YoY (%) Q1 FY24 QoQ (%) H1 FY24 H1 FY23 YoY (%)

Revenue from Operation 811 700 16% 612 32% 1,423 1,164 22%

Other Income (3) 1 4 2 1

Total Revenue 808 701 15% 616 31% 1,425 1,165 22%

Cost of Goods Sold 597 467 28% 429 39% 1,026 832 23%

Employee Benefits Expense 19 11 68% 16 18% 35 20 74%

Other Operating Expenses 51 39 30% 37 37% 88 63 40%

Total Expenses 667 518 29% 482 38% 1,149 916 26%

EBITDA 144 183 -21% 130 11% 274 248 10%

EBITDA Margin (%) 18% 26% 21% 19% 21%

Depreciation and Amortisation 8 6 42% 7 12% 15 11 35%

Finance Cost 15 10 61% 12 23% 28 17 67%

Profit Before Tax 118 168 -30% 115 3% 232 222 5%

PBT Margin (%) 15% 24% 19% 16% 19%

Profit After Tax 95 130 -27% 91 5% 185 170 9%

PAT Margin (%) 12% 19% 15% 13% 15%

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Balance Sheet H1 FY24
Value (INR Cr) FY 21 FY22 FY23 H1 FY23 H1 FY24
Equity And Liabilities
Share Holders Fund 153 330 527 495 706
Non-current Liabilities
Long Term Borrowings 73 52 43 42 36
Other Financial Liabilities 2 17 13 9 12
Total Non-current Liabilities 228 399 583 546 755
Current Liabilities
Short Term Borrowings 92 218 525 432 558
Trade Payable 192 284 303 550 894
Other Current Liabilities 108 84 64 52 100
Total Current Liabilities 391 585 892 1,034 1552
Total Equity & Liability 619 984 1,475 1,580 2307
Assets
Non-current Assets
Net Fixed Asset 74 155 189 156 204
Intangible Asset 0 29 28 29 28
Other Non Current Assets 3 3 52 16 63
Total Non-current Assets 77 187 269 200 295
Current Assets
Inventories* 287 455 709 633 890
Trade Receivables 174 256 349 563 1012
Cash & Bank Balance 39 40 89 149 57
Other Current Assets 42 46 60 35 53
Total Current Assets 542 797 1,206 1,380 2012
Total Assets 619 984 1,475 1,580 2307
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Improving Return Ratios and Stable balance sheet
ROCE ROE

50% 36%
33% 32%
39%

24%

FY21 FY22 FY23 FY21 FY22 FY23

Net Debt to Equity Current Ratio

1.38
0.91
0.82
0.70
1.36

1.35

FY21 FY22 FY23 FY21 FY22 FY23

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 Experienced Management with Domain Knowledge
Management with a cumulative experience of more than five decades

Mr. Vimal Kumar Mr. S. B. V. Rama Prasad Mr. P . N. Karlerkar Mr. N Surendra Sai Mr. Sanjeev Kharbanda
MANAGING DIRECTOR
MANAGING DIRECTOR EXECUTIVE DIRECTOR ( Best Crop Science Pvt Ltd )
HEAD INTERNATIONAL BUSINESS CHIEF FINANCIAL OFFICER

A t rue v i si o na ry a nd a pa ssio na t e A b u si n e ss l e ad e r wi t h a n e xce ll e n t A C h e m i cal E ng i n ee r fro m UD C T- o n e A p a ssio n a te t e ch n o lo gi st and M r. Sa n j ee v i s a P o st G rad u a te i n

e nt re p re ne ur, M r V i m al K um a r i s a n t ra ck re co rd a cro ss l ea di n g o f t h e t op I n di a n I n st it u t e fo r e n t re p re n e u r h a vi n g 31 y e a rs of Bu si n e ss M a n ag e m e n t ( M BA) fro m I M T
e m i ne nt p e rso na li t y co m p a n i e s Mr Bal a has been C h e m i cal Te ch n o lo g y and a e xt e n si ve e xpe ri e n ce a n d u n de rst a n di n g G h a zi a ba d & co m e s w i t h a h a n d s o n
w it h v a st a nd ri ch e xp e ri e nce i n t he a sso ci at e d a t t he a pe x l e ve l wi t h M a n a g e m e n t G ra d ua t e fro m M u m b a i o f Org a ni z a ti o na l P ro g ra m M a n a ge m e n t , e xp e ri e n ce o f o ve r 28 y e a rs Hi s e xp e rt i se
Ag ro che m i ca l s I nd ust ry. H e ov e rse e s se v e ral rep u t ed o rg a ni z a ti o n s su ch a s U n i ve rsit y , h e ha s a di v e rse a nd ri ch Bu si n e ss An al y ti cs, I n no v a ti o n, St a rt u p l i es i n st rat e gi c & fi n a n ci al pl a n ni n g ,
st ra t eg y , m a na ge m e nt , de v el op m e nt , Ad a m a I n di a P v t L td . An Ag ri p ro fe ssi o n a l b a ckg ro u n d . C u l t u re a n d T e ch n ol og y . H e h a s h el d b u si n e ss op e rat io n s & t ra n sfo rm a ti o n ,
a nd i nte g rat io n of t he co m p a ny g ra d u at e fro m K a np u r U n iv e rsit y M r v a ri o u s l e ad e rshi p po si t io n s a t p ri va t e i n v e sto rs rel a ti o n shi p, a u di t , t a x,
p ol i cie s. Wi t h Be st Ag ro li fe he i s Ba l a co m e s wi t h m o re t h a n 40 y e a rs H e h a s be e n a sso ci at e d a t t h e a p e x a n d g ov e rn m e n t se cto rs wi t h n a tio n a l t re a su ry , e n t e rp ri se ri sk m a n a ge m e n t ,
p io ne e ri ng e nde a vo rs to p ro vi d e o f su b st a nt ia l e xp e rie n ce i n t h e l e v el w it h re p u te d o rg a ni z at io n s su ch a n d i n te rn a ti o n al e xpo su re . I n hi s 1 5 g o v e rn a n ce & co m p l i a n ce .
fa rm e rs with sa fe a g ro che m i ca l che m i ca l i nd u st ry . As a Fo u n d e r a s - Ra ll i s I n di a Lt d a s P re sid e n t y e a rs st i nt a t W ip ro T e ch n ol og ie s, h el d
p ro d uct s a t e co no m i ca l p ri ce s. m e m b e r a n d Di re ct o r o f t h e Bo a rd o f T e ch n o lo g y, t he re a ft e r wo rke d a t t h e rol e s o f D el iv e ry He a d ( PE S) , H e h a s d e e p kn owl ed g e ab o ut b ot h
Ad a m a I n d ia P v t L t d. si n ce 200 9, h e l e ad e rsh ip l e ve l s i n cl u di n g as P ro g ra m H e ad o f M i cro so ft Wi n do w s Indian and i n t e rn at io n al fi n a n ci a l
He ha s been I nt e rvi ew ed by ha s d e li ve re d si g ni fi ca n t p o rt foli o P re si d e nt o f t h e Ag ro ch e m i cal d iv i si o n Su st e n a n ce E n gi n e e ri n g Se rv i ce s, He a d m a rke t s a n d h a s b e e n re cog n i z ed a m o n g
i nt e rna tio na l m a g az i ne s fro m “ Afri ca n a nd o rg a ni z a ti o na l ch a n g e a s p a rt o f o f At u l L t d, a s C OO o f D e ep a k Ni t ri t e o f C o st o f D e l i v e ry Op t i m i z a t i o n . t h e T o p M ost I m p a ct fu l C F O Le a de rs o f
F a rm i ng a nd Fo od P ro ce ssi ng ” t o t he t ra nsfo rm i n g i t i n to a m o re fo cu sed , L t d. , as M a n ag i ng D i re ct o r of 20 22-2 3 by T ra n sfo rm a n ce and a
p ub li ca ti o n Ag ro P a ge s, w he re he g row t h -d ri ve n a nd su st ai n a bl e C h e m i n ov a I n di a Lt d fro m 2008 a n d As a sci e n t i st wi t h D R D O h e wo rke d o n re ci p ie n t o f T op C F ON e xt10 0 Aw a rd i n
sp o ke o n t he “ T a ki ng I nd ia n Bra nd s b usi n e ss. su b se q u e nt l y as its P re sid e n t t e ch n o lo g y d e v el op m e n t a nd R & D fo r 20 17 a nd 2 016 M r K h a rba n d a w a s al so
a nd L e ad e rs. St ri d e s t owa rd s M a ke i n i n t e rn a tio n a l reg io n co m p ri si n g o f cri t i cal sy st e m s o f n at io n a l i m po rt a n ce . a w a rd e d a m o n g t op 20 T re a su re rs (T 20 )
I nd i a ”. I n t he 201 8 e di ti o n o f I nd i a P ri o r to j oi n i n g Ad a m a I nd ia P v t Lt d Asi a - P a ci fi c, Afri ca , M id dl e E a st. La t e r H e w a s i n st ru m e n ta l i n cre a ti n g I n di a ’ s t w i ce b y C F O I n d i a F i n a n ce .
Sup p li e rs G uid e, M r. Vi m a l ’ s v ie w s in 200 9, Mr Ba l a w o rke d fo r on, po st -gl o ba l a cq u i si ti o n of fi rst Qu a n t u m Se cu re C o m m u n i ca ti o n
w e re p ubl i shed a s “ An Ag ro che m i ca l N a g a rj u na G ro u p ( F e rti li z e rs & C h e m i n ov a by F M C co rp (U SA) , h e St a ck fo r N a t i o n a l Ag e n ci e s. H e j o i n s BAL fro m Aq u a li t e (a fo o tw ea r
P e rsp e ct iv e fro m I ndi a ” . I n 2019 , he P e st i cid e s) fo r m o re than tw o a ssu m e d t h e p o si t io n o f co u n t ry h ea d b ra n d sup po rt ed b y PE fu n d) , w he re h e
w a s fe at ure d i n t he Fo rb e s I nd i a d e ca d e s (1 986- 2009 ). W it h his fo r F M C I n d ia . I n t h e se a ssig n m e n t s h e I n h i s e a rl i e r sti n t wi t h Be st G ro u p , T h e w o rked a s CF O a nd Bu si ne ss C o- P il o t. H e
m a g a z i ne ’ s & i n 20 22 fe a t ured i n a na l yt i cal a nd st ra t eg i c m i n d se t a n d w o rked o n st ra t eg i c a re a s su ch a s R & D e n v i ro n m e n t cre at e d by hi m h a s a l so wo rke d i n se ni o r fi na n ce
F o rt une I nd i a m a g a z i ne . hi s a bil i ty to t u rn ch a ll e n ge s i nt o m e rg e rs a n d a cq ui sit io n s a n d g lo ba l e st a bli sh e d a fo u n d at io n fo r p o si t io n s w it h M o t h e r Da i ry a n d le a di n g
g re a t su cce ss, Mr Bal a to o k b u si n e ss d e v e l o p m e n t e t c. m a n u fa ct u ri n g of ne xt ge n e ra ti o n co m p a n i e s i n F M C G & T e l e co m se ct o r.
N a g a rj u na Ag ri ch e m & Ad a m a t o n ew m o l e cu l e s.
he i g h ts a n d t u rn e d t he m i n to h ig h - 15
re v e n u e - e a rn i n g co m p a n i e s.
Outlook

Revenue Growth ~ 30%

EBITDA Margin ~ 20%

1 2 3 4
Launch of new Ramping up Maximizing Building
& innovative distribution & backward export
products with branded integration to business
higher margins products business improve
efficiencies

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Share Information

Shareholding as on 30th September 2023 Share Information (as on 30th September 2023)

BSE Ticker 539660

Market Cap (INR Cr) 2657.31

Others
% free-float 49.9%
37.4%
Free-float market cap (INR Cr) 1,325.93

Total Debt (INR Cr) 5,94

Promoters Cash & Cash Equivalents (INR Cr)# 57

50.1%
Shares Outstanding 2,36,44,740

3M ADTV (Shares)* 71,561

FII
9.9% DII 3M ADTV (INR Cr)* 8.53
2.6%
Industry Agrochemicals

*Source: NSE & BSE as of 30th September 2023

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For queries please contact:
EY Investor Relations
Rahul Thakur
rahul.thakur@in.ey.com

Advait Bhadekar
advait.bhadekar@in.ey.com

DISCLAIMER
This presentation includes certain forward looking statements and information including statements concerning the outlook for business. The statements are based on certain expectations, assumptions, anticipated developments and
other factors which are not limited to, risks, uncertainties and assumptions based on current expectations, within the meaning of applicable laws and regulations. Forward-looking statements are based on current expectations,
estimates and projections about the factors that may affect our future performance, including global economic conditions. The expectations, estimations and projections are majorly identified by the use of words such as "anticipates,
"believes," "estimates," "expects," "intends," "plans," "predicts," "projects" and similar expressions. There are numerous risk and uncertainties, way beyond our control, that could cause our actual results to differ from the forward
looking information and statements made in this presentation. The company, based on changes stated above, may alter, amend, modify or make necessary changes in any manner to any such forward looking statement contained
herein or make, written or oral forward looking statement as may be required from time to time basis of subsequent developments and events. No part of this presentation may be reproduced, quoted or circulated without the prior
approval from Best Agrolife Ltd.
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