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Name of Company | Aries Agro |
BSE Code | 532935 |
NSE Code |
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ICICI Code | |
Established | 1969 |
My Take | Like |
Headquarters | |
Promoters | Mirchandani |
Story | Started manufacturing feed additives for bids and animals. Later added Chelated micronutrients. It plans to acquire a stake in middle east based water soluble fertilizer manufacturer. Taken to mobile marketing to boost sales. Also markets using vans in unserviced areas. |
Sector | Fertilizers |
Sub-sector | Agri chemicals (micro-nutrients) |
Website | |
Positives | Not in subsidized/price controlled commodity NPK fertilizers like DAP, Urea, SOP. All its products have a unique niche. It also concentrates on Chelates where the profitability is high. Manufacturing units in Hyderabad, Ahmedabad, Mumbai, Lucknow, Kolkata and Bangalore, Sharajah and UAE. Surely a better bet compared to Shiva fertilizers. Buy more at <10PE. 52% promoter holding. |
Negatives | At 122, P/E is at 13 which is slightly on the higher side compared to other fertilizer companies of this size. Rasthirya chem. Is trading at 22PE and tata chemicals at 15PE. |
Peers | Chambal, Coromandel, Nagarjuna, GSFC, |
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