|
||
Best Agrolife Ltd. Aims Rs. 1517 Cr. Plus Turnover by FY22 | ||
New Delhi, Delhi, India
BSE listed Best Agrolife Ltd., a leading global player in agrochemicals sector and one of India’s largest manufacturers of agro-inputs, is aiming to achieve Rs. 1517 Cr. turnover by FY2022 along with net profit of over Rs. 677 Cr. The company has in place in its long term financial priorities which has a three dimensional approach wherein the focus areas are - capital allocation, earning and growth. In addition, there has a been noteworthy FIIs acquisitions recently lead by leading names like Resonance Opportunities Fund, Elara Opportunities Fund Ltd, Nomura Singapore Ltd ODI and more.
Towards capital allocation, the company is now focusing on enabling free cash flow generation. Under this, the company aims to offer consistent dividend payouts to its shareholders. With regards to Earnings, Vinod Kumar, Director Best Agrolife Ltd. said, “We have defined our objectives clearly and the company will work towards achieving the same wherein the primary focus it to accomplish sustainable EPS growth. This will be supported by incremental earnings across economic cycles. Also, we are anticipating a significant increase in ROCE and ROE which will be driven by our various initiatives.” In terms of ROCE and ROE, the project targets are 32.78% and 24% respectively in FY22. Notably, as per projections, there is a significant increase in EPS (basic) to 30.44 and compared to 7.24 in FY20.
|
||
|
||||||||||||||
| ||||||||||||||