Nagarjuna Agrichem Research Report By Angel Broking

Nagarjuna Agrichem Ltd (NACL) is one of the largest pesticide agrichemical companies in the country with a market share of ~4% and belongs to the Nagarjuna Group of Hyderabad. NACL manufactures a comprehensive range of pesticide technicals, formulations and custom manufactured fine chemicals through its three plants situated at Srikakulam, Ethakota and Shadnagar in Andhra Pradesh. Pesticides account for more than 95% of the company’s total revenues. Historically, the domestic business has been contributing by around 70% to the company’s overall revenues, while exports have been accounting for the balance. However, in the recent past, the contribution of exports has come down, ie to ~20% in FY2014.

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