In a difficult FY, the company has received decent credit rating.
From the credit rating reports, it has come to notice that branded formulations now consists of 29% of the sales, whereas technical formulations stands at 59%. Thus almost 88% sales of the company is likely to be decent margin products. Quoting from Credit Rating report:-
“The company is into manufacturing, marketing & exporting technical grade chemicals & formulations of Insecticides, Fungicides and Herbicides. The revenue to the extent of around 50% is from exports. The product portfolio consists of 11 technical grade chemicals, 90+ formulations, 300+ branded SKUs. Technical constitute around 59% (vis a vis 70% in FY22), contribution from branded formulations was 29% in FY23 vis a vis 22% in FY22, contribution from B2B formulations was 9% in FY23 as compared to 2% in FY22. The company has obtained license/registrations for 200+ products & expects to grow over a period.”
202307120755_Aimco_Pesticides_Limited.pdf (156.4 KB)
[Disclosure: Invested and Biased]
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