Best Agrolife Ltd, originally incorporated as Sahyog Credits Limited in January 1992, underwent several name changes before becoming Best Agrolife Limited in November 2019. The company has established itself as a leading agrochemical manufacturer in India and ranks among the top 15 agrochemical companies in the country. Best Agrolife Limited engages in the manufacture and sale of agrochemical products both in India and internationally.
As a research-driven organization, Best Agrolife Ltd aims to offer high-quality, innovative, and effective crop-protection and food safety solutions to farmers and serve the globe through agriculture. The company takes pride in providing high-value products, ensuring high-quality checks to assure customer satisfaction, profitability, and growth.
Best Agrolife is the 13th largest Indian agrochemical company, with an impressive portfolio of 490+ formulations and 115+ technical manufacturing licenses. The company offers insecticides, herbicides, fungicides, public-health, and plant growth regulator (PGR) products in the form of technicals, intermediates, and novel formulations.
The company offers more than 70 formulations developed from active ingredients manufactured in-house. Best Agrolife provides a wide range of products including herbicides, insecticides, fungicides, and plant growth regulators with popular brands like Ronfen, Citigen, Tricolor, Azaro, and Cubax Power.
The company boasts manufacturing capacities of 7,000 MTPA for technicals and 30,000 MTPA for formulations across three manufacturing plants situated in Gajraula, Greater Noida, and Jammu & Kashmir. With a network of over 8,500 distributors across India, Best Agrolife maintains a strong market presence.
Best Agrolife is one of the fastest-growing manufacturers of technicals, formulations, intermediates, and public health products. As part of its peer-to-peer setup, Best Agrolife caters to several blue-chip corporates and leading multinational corporations from India and abroad.
The company's products are well-researched, economically priced, easily accessible Pan-India, and have an expanding reach globally to 30+ countries. The company works toward uplifting farmers and bringing economic equality by emphasizing community participation in all stages of decision-making.
The company has been listed on NSE (National Stock Exchange) with the symbol BESTAGRO, in addition to its existing BSE listing under code 539660.
For the financial year ended 2024, Best Agrolife Ltd posted a profit of Rs 106.27 crore on a total income of Rs 1,873.32 crore. Despite challenges faced during the year, the company achieved revenue growth of 7% year-on-year in FY24.
This growth was driven by the company's strategic shift from institutional sales to branded sales, resulting in 85% growth in branded business. However, EBITDA margins reduced to 12% in FY24, mainly due to stress on gross margin from pricing pressures in the market, primarily caused by oversupply from China.
The company reported a net loss of Rs 24.16 crore in the quarter ended December 2024, compared to a net loss of Rs 6.61 crore in December 2023, with sales declining 12.84% to Rs 274.11 crore. In the quarter ended June 2024, net profit declined 76.49% to Rs 21.28 crore compared to Rs 90.50 crore in the previous year, with sales declining 15.19% to Rs 519.26 crore.
- Market Capitalization: ₹933 crore (as of recent data)
- Promoter Holding: 50.44% (as of March 2025), increased from 50.10% (as of June 2024)
- FY2024 Performance: Profit of Rs 106.27 crore, Total Income of Rs 1,873.32 crore
- Q3 FY2024-25 (Dec 2024) Performance: Net Loss of Rs 24.16 crore, Sales of Rs 274.11 crore
Best Agrolife was awarded the "Most Innovative Campaign and Product Development" company by PMFAI at the "Agchem Awards - 2024". The company has received a patent from the Indian Patent Office, Government of India, in accordance with the provisions of the Patents Act, 1970, demonstrating its commitment to innovation and research.
Best Agrolife is committed to embracing agriculture with its extremely productive and progressive vision and mission to make every farmer prosperous, envisioning to become a global player in agrochemicals and emerge as an icon for growth, technology, and innovation. The company aims to enhance and efficiently employ operational resources to accomplish performance excellence and continuously extend the product portfolio to ensure significant business growth.
Best Agrolife Ltd represents a significant player in India's agrochemical sector, combining strong manufacturing capabilities with an extensive product portfolio and growing global presence. Despite recent quarterly challenges, the company's strategic focus on branded sales and innovation positions it for continued growth in the dynamic agricultural chemicals market.
