Latest news with #NACL
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Business Standard
03-07-2025
- Business
- Business Standard
This smallcap agri-related stock zooms 353% in 4 months. Do you own?
Shares of NACL Industries hit a new high of ₹252.20 in Thursday's intra-day trade, and were locked at the upper circuit for the seventh straight trading day - rallying 40% during this period. Deepak Korgaonkar Mumbai NACL Industries share price Shares of NACL Industries (NACL) hit a new high of ₹252.20, and were locked at the 5 per cent upper circuit on the BSE in Thursday's intra-day trade. The stock price of the pesticides & agrochemicals company was locked in the upper circuit for the seventh straight trading day, having rallied 40 per cent during this period. In the past five months, it has skyrocketed by 353 per cent from a level of ₹55.72 on the BSE. Currently, NACL trades under 'T' or Trade-for-Trade (T) group. The T group is a surveillance measure that requires securities to be settled on a trade-to-trade basis. What's driving NACL's stock price? The Competition Commission of India (CCI) approved Coromandel International's proposal to acquire a majority stake in NACL Industries. On March 12, 2025, Coromandel International, the Murugappa group, announced the acquisition of 53 per cent stake worth ~₹820 crore in NACL. This transaction should be completed by the first half of fiscal 2026, subject to regulatory approvals, the company had said. Coromandel said the acquisition would establish it as a leading player in India's crop protection industry, expanding its technical portfolio and strengthening its domestic formulation business. This will help in expanding Coromandel's scale in domestic B2C, provide access to complementary product portfolio, fast-track new product commercialization, besides giving access to R&D, manufacturing infrastructure and customer relationships. The deal will also help Coromandel scale up, enter the contract manufacturing business, fast-track new product commercialisation, and expand its product lineup. The management added that the acquisition would bolster Coromandel's presence in both domestic and export markets. It plans to leverage its management expertise, credit access, sourcing capabilities, and international reach to enhance NACL's operations and create value for shareholders. Crop Protection – Business Scenario Looking ahead, the recent tariff-related embargo poses a potential downside risk, as it could drive up input costs and dampen consumption - particularly in the United States, the second largest agrochemical consumer after Brazil. The agrochemical market in 2025 is expected to remain neutral with improving channel inventory and expected favorable weather conditions; however, uncertainties relating to price pressure and trade policies persist, Coromandel said in its FY25 annual report. Indian Agriculture experienced a good season with above normal rains and healthy reservoir levels. The season for agri inputs started on a positive note but continuous rains during peak consumption period & lower acreages of key agchem consuming crops like cotton and chilli led to lower applications. Overall, the industry is estimated to register a marginal growth owing to relatively low pest pressure across crops, the company said. About NACL Industries NACL, established as an agrochemical player in 1993, began its journey as an active ingredient manufacturer. Over the years, the company has built a substantial presence in domestic retail, B2B, and exports, forming solid and long-standing relationships with many large multinational customers. The company has also positioned itself as a reliable player in the formulations business, offering over 66 products for all major crops. Its product portfolio spans all key categories, including insecticides, herbicides, fungicides, and plant growth regulators.
Business Upturn
03-07-2025
- Business
- Business Upturn
Coromandel International shares jump 4% as CCI clears Rs 820 crore deal to acquire majority stake in NACL Industries
By Aman Shukla Published on July 3, 2025, 09:21 IST Coromandel International shares surged nearly 4% in morning trade after receiving a green signal from the Competition Commission of India (CCI) for its planned acquisition of a controlling stake in NACL Industries Ltd. The Murugappa Group-backed company will acquire a 53.13% stake in the agrochemical firm for ₹820 crore. As of 9:20 AM, the shares were trading 3.39% higher at Rs 2,350.00. As part of the approved deal, Coromandel will buy over 10.68 crore equity shares of NACL from existing promoters, including KLR Products Ltd, K. Lakshmi Raju, and Bright Town Investment Advisor Pvt Ltd. The company will also purchase a small number of shares—5,500 each—from two public shareholders, Krishi Rasayan Exports Pvt Ltd and Agro Life Science Corporation. This move marks a significant strategic push by Coromandel into the crop protection segment, complementing its core fertiliser business. With the CCI's nod secured, the company now plans to initiate an open offer to acquire up to an additional 26% stake from NACL's public shareholders, in line with SEBI's takeover norms. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
02-05-2025
- Business
- Business Standard
Portfolio Check: Murugappa Group fertiliser stock nearly doubles in 1 year
Share price of Coromandel International today Shares of Coromandel International, one of the flagship companies of Murugappa group, hit a new high of ₹2,338, surging 5 per cent on the National Stock Exchange (NSE) in Friday's intraday trade, after the fertiliser company reported a good set of numbers for the quarter ended March 2025 (Q4FY25). The stock price of the fertiliser company surpassed its previous high of ₹2,295, which it touched on April 29, 2025. In the past one year, Coromandel International's share price has nearly doubled, zooming 95 per cent from a level of ₹1,196.55 on May 2, 2025. In the past two months, the stock has rallied 41 per cent. Q4 results of Coromandel International Coromandel International reported an overall revenue of ₹4,988 crore in Q4FY25, up 27 per cent year-on-year (Y-o-Y). Nutrient & other allied business revenue grew 28 per cent Y-o-Y to ₹4,320 crore, while crop protection business revenue increased 24 per cent Y-o-Y to ₹698 crore. Earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin expanded 160bp Y-o-Y to 8.5 per cent. Ebitda jumped 56 per cent Y-o-Y at ₹426 crore. Adjusted profit after tax was up 89 per cent Y-o-Y during the quarter at ₹303 crore. The management said Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to their new initiatives like Gromor Drive – Agri drone spraying and Nano fertilisers. The Retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand the company's product portfolio and market presence internationally. With strong fundamentals and a committed team, the management is confident of sustaining growth and contributing meaningfully to Indian agriculture and the Aatmanirbhar Bharat vision. Acquisition of NACL Industries On March 12, 2025, Coromandel International announced the acquisition of a 53-per cent stake, worth around ₹820 crore, in NACL. This transaction is expected to be completed by the first half of fiscal 2026, subject to regulatory approvals. This acquisition will augment the crop protection business of Coromandel, strengthen its presence in the domestic formulations business, expand existing product portfolio, and help in securing contract manufacturing relationships with NACL's established customer relationships, according to CRISIL Ratings. The government has also demonstrated its financial support to the fertiliser sector via additional subsidies in the past two fiscal years. The announced subsidy of ~₹1.67 trillion for fiscal 2026 should be sufficient to meet the requirement. This, combined with healthy cash accrual and surplus liquidity will be sufficient to fund working capital requirement, thus enabling it to maintain its net debt-free position over the medium term, the rating agency said. Since a timely disbursement of the entitled subsidy is crucial for the company to maintain its robust financial risk profile, any change in policy support or sustained delays in payouts would remain monitorable, CRISIL Ratings said in its rationale. Sector outlook Going forward, the trajectory of monsoon will be the key determinant of fortunes for agrochemical companies. In H1FY25, rains were in excess, which impacted the demand for agrochemicals. Going forward, analysts at Elara Capital said the monsoon is likely to transition from 'La Nina' to 'El Nino Neutral' conditions, which may lead to lower rainfall than last year. But if the timing and spatial distribution are not impacted, demand for agrochemicals would be better than last year. Seed availability is also expected to improve in Q1FY26. About Coromandel International Coromandel International is amongst India's pioneers and leading agri-solutions provider, offering diverse products and services across the farming value chain. The company's business structure is bifurcated into two segments: nutrient and other allied businesses, and crop protection business. The nutrient and other allied segment includes the manufacturing and marketing of phosphatic fertilisers, speciality nutrients, organic fertilisers and retail. The crop protection business includes manufacturing of bio-based and chemical pesticides. The company has the capacity to manufacture over 3.6 million tonne (MT) of fertilisers and pesticides and 1.0 MT of single super phosphate per annum. Besides this, the company manufactures water-soluble fertilisers, biopesticides and agrochemical technicals and formulations.
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Business Standard
30-04-2025
- Business
- Business Standard
Coromandel International Q4 results: Profit rises over two-fold to ₹578 cr
Coromandel International, one of India's leading agri-solutions providers, has posted an over two-fold jump in its consolidated net profit for the fourth quarter of the financial year 2024-25 to Rs 578 crore, as against Rs 164 crore during the January to March quarter of 2023-24. Coromandel's total income for the quarter ended March 2025 was at Rs 5,114 crore versus Rs 3,996 crore for the quarter ended March 2024, up 28 per cent. The profit after tax for the financial year was up by 25 per cent to Rs 2,055 crore as against Rs 1,641 crore in the previous year. Coromandel's total income for FY25 was at Rs 24,444 crore versus Rs 22,290 crore in the previous year. "We are pleased to report a strong performance for FY25, driven by sustained momentum across our businesses. Our growth was supported by higher sales volumes, improved operational efficiency, and disciplined execution of strategic initiatives," said S Sankarasubramanian, managing director and chief executive officer, Coromandel International. The board has recommended a final dividend of Rs 9 per share (900 per cent on face value of Rs 1 per equity share) for the financial year 2024-25. The board has also approved the appointment of Natarajan Srinivasan as executive vice chairman. He brings with him a wealth of experience and strategic acumen, further strengthening the leadership team as the company enters its next phase of growth and transformation. "Our Nutrient and Crop Protection segments witnessed robust growth, complemented by encouraging farmer response to our new initiatives like Gromor Drive – agri drone spraying and nano fertilisers. The retail business expanded its footprint with 100 new stores and entry into Maharashtra and Tamil Nadu, crossing the 900-store mark. On the manufacturing front, rock production at our mining site BMCC, Senegal stabilised, and we increased our stake to 53.8 per cent," he added. "The upcoming phosphoric acid and sulphuric acid project at Kakinada is progressing as per plan and will be commissioned early next year. Alongside this, the setting up of the new granulation train at Kakinada aligns with our commitment to ensure availability of high-quality NPK fertilisers to the farming community across India. These projects are aligned with our vision of achieving greater self-reliance in phosphatic fertilisers and building a more resilient, integrated supply chain. In Crop Protection, capacity enhancements at Dahej and the new plant at Ankleshwar are building scale, while the NACL acquisition will expand our product portfolio and market presence internationally," Sankarasubramanian said.
Yahoo
24-03-2025
- Business
- Yahoo
Postal workers protest proposed changes to USPS
FALL RIVER, Mass. (WPRI) — Postal workers gathered in Fall River on Sunday to protest the White House's proposed changes to the U.S. Postal Service (USPS). Last week, Postmaster General Louis DeJoy agreed to work with Elon Musk's Department of Government Efficiency (DOGE) to cut 10,000 workers and billions of dollars from USPS's budget. Branches of the National Association of Letter Carriers (NACL) held rallies across the country to protest efforts to 'privatize or restructure USPS.' In a flyer for the protest, the NACL said that the proposed changes would result in raised shipping costs and the reduction of services to more than 51 million homes and businesses in rural communities. ALSO READ: Rhode Islanders shred utility bills at State House to protest rising costs Christopher Grinnell is the president of NALC Branch 51 and was at the protest in Fall River. 'The postal service that they have counted on for centuries, because you know we're older than the country itself, is under attack,' Grinnell said. 'People may see differences in their services.' Similar rallies were also held in Providence, Taunton and Boston. Download the and apps to get breaking news and weather alerts. Watch or with the new . Follow us on social media: Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
