– Sharda Cropchem – Can it get into indian market in a bigger way?

Sharda Cropchem – Can it get into indian market in a bigger way?

harsh.beria93:

From industry perspective, Indian agchem exports have been growing very well since FY18. This is the second good cycle that this sector is witnessing (first was 2013-16 which then slowed down in 2017). So that we have had 3-4 bumper years of growth, its quite possible that growth slows down for a couple of years. Also, for a few cos, most growth has come due to realizations and they will get hit massively. This was somewhat visible in quarterly numbers of Rallis and Astec. Actually, next few quarters will help us understand which company has robust sourcing networks. Those whose margins are massively hit will likely have much higher dependence on Chinese suppliers (likes of Astec, Sharda, even Rallis to an extent). Whereas integrated players (like Meghmani, Heranba) should show lower margin pressure. As Meghmani’s numbers are out, we can clearly see that they haven’t faced margin pressures, so they actually have more indigenised sourcing of RM. Lets see what Heranba reports.

@harsh.beria93 - Is it fair to see Sharda as a Krsnna diagnostic of Agrochem. Having a different business model than the rest within the sector. I am not sure if the rest of the players revenue varies based on the no. of registrations?

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Sharda Cropchem – Can it get into indian market in a bigger way?

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