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

SHARDACROP Q4 FY23 Result Update:
Way Forward:

• Forward Integration: Build Sales Force
• Continual Investment in Product Registrations
• Focus on Operational Efficiencies (Margin improvements & better cost management)
• Expand & Strengthen Distribution Presence

Highlights:

• Revenue growth led by better product mix & price realization in Q4 FY23.
• Gross Margins have improved by 240 basis points due to increased sales in Europe and better margins in Q4 FY23.
• EBITDA margins reduced due to increase in local freight costs in Q4 FY23.
• Favourable impact of Forex gain.
• Gross Margins have been impacted by weakening of €/$ leading to increased input cost mainly in H1 FY23.
• ROCE & ROE have reduced from 25.7% to 20.8% YOY and from 19.8% from 16.5% YOY respectively.
• Debt reduced from Rs. 38 crores to Rs. 3 crores YOY.
• Cash increased from 300 crores to 328 crores.