Best Agrolife Ltd

Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.

Best Agrolife Ltd trades at ₹19.1, in a downtrend and 151 weeks into that stage. That is −0.4% against its own 200-day average. It sits at 36% of a 52-week range of ₹13 to ₹30. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 7 straight weeks.

Today the stock is in a downtrend — week 151 of stage 4, confirmed. At ₹19.1 it trades −0.4% versus its 200-day average and sits at 36% of its 52-week range (₹13–₹30).

Against the market, two honest reads. Cumulative: over the last 10.4 years the stock moved +1,715% while the NIFTY 500 moved +253% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 7 straight weeks — the ribbon below is that same metric, week by week.

What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.

Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.

Best Agrolife Ltd trades at 22.8× P/E, mid-range by its own standards (54th percentile). Its long-run median P/E is 20.6×, measured across 5.0 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.

Today's P/E of 22.8× is mid-range by its own standards (54th percentile), against a long-run median of 20.6× measured over 5.0 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.

🚨 Why the multiple sits where it does: over the past year annual EPS moved −87.3% against a −25.1% price move — the price outran earnings, pushing the multiple UP its own range.

The price move, decomposed: over 5y, of the −18.9%/yr price move, ~−5.8%/yr came from earnings growth and ~−13.1 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.

Put together: the multiple is unremarkable against its own past, so the story rests on the earnings line underneath it, not the multiple.

What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.

Solved at its 13 June 2026 price, Best Agrolife Ltd was paying for profit growth of about 33.7% a year. Today the market pays 22.8× P/E, the 54th percentile of its own 5-year range.

What the two numbers say together. The multiple is unremarkable against its own past, and the growth the price is paying for is the whole of what a buyer is backing.

How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.

Stage: Deteriorating Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).

Best Agrolife Ltd reads as deteriorating on its fundamental arc. Deteriorating — revenue, profit and EPS growth are shrinking (revenue growth −24.1% latest against −3.1% at its 12-quarter best), ROCE slipping at 5.0%. The read is built from 8 quarters across 4 curves, on partial evidence.

🚨 Why it matters: falling curves mean every cheap-looking ratio below needs a discount for direction.

Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.

A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.

4-Factor Sector Score

40.0/100 — rank 20 of 24 in Pesticides/Agrochemicals · 87% evidence confidence

Best Agrolife Ltd scores 40.0 out of 100 against the 24 companies it is compared with in Pesticides/Agrochemicals, ranking 20. Price leads the evidence: RS versus the benchmark is -1.8%, but earnings trajectory is weak. Wait for revenue and profit confirmation.

The four contributions add to the total exactly: 7.9 + 9.1 + 8.8 + 14.2 = 40. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.

What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.

Revenue Revenue is the top line: everything the company billed its customers in the period.

Best Agrolife Ltd reported ₹396 Cr of revenue in the Jun 26 quarter, +3.9% year on year. Over 9 years it has compounded at 29.0% a year. The last full year, FY26, came in at ₹1,257 Cr. The last four reported quarters add to ₹1,272 Cr.

FY26 revenue came in at ₹1,257 Cr (−30.7% on the year), capping 9 years at 29.0% compound. The latest quarter (Jun 26) printed ₹396 Cr, +3.9% year on year.

Pace check: the last four quarters averaged −24.0% growth against the decade's 29.0% — the current year is running slower than its own long-run rate.

Acceleration check: trailing-twelve-month revenue grew −24.1% over the last 4 quarters against −15.4%/yr over the last 8 — rolling over; TTM profit −56.5% vs −10.0%/yr — rolling over.

Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.

Best Agrolife Ltd's operating margin is 20.0% in the Jun 26 quarter, +8.0 percentage points against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −1.4% to 18.0%. The current quarter is running above every full year in that window.

The latest quarter's operating margin is 20.0%, +8.0 pp against the same quarter a year ago. Across 8 fiscal years the operating margin has ranged −1.4%–18.0%.

Why the margin moved: operating margin went +7.6 pp year on year while gross margin went +7.8 pp — the gain came mostly from the gross line: input costs and pricing.

Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.

Best Agrolife Ltd earned ₹41.0 Cr of net profit in the Jun 26 quarter, +105.0% year on year. Full-year FY26 profit was ₹9.0 Cr. That is 10.4% of the quarter's revenue. The same quarter a year earlier earned ₹20.0 Cr. 6 of the last 12 reported quarters were loss-making.

Jun 26 profit was ₹41.0 Cr, +105.0% year on year. On the full year, FY26 printed ₹9.0 Cr (−87.1%).

Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.

Over the last 3 fiscal years 195% of Best Agrolife Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹97.0 Cr of operating cash against ₹9.0 Cr of profit. After ₹19.0 Cr of capital spending, ₹78.0 Cr was left as free cash.

FY26: operating cash of ₹97.0 Cr against reported profit of ₹9.0 Cr, leaving free cash of ₹78.0 Cr after ₹19.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 195% of profit.

Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.

Why conversion sits at 195%: the cash cycle stretched 382 days between FY21 and FY26 — more of each rupee of profit waits inside the cycle before arriving.

Router verdict: the bigger cash user is investment — capital spending ran 2.1× depreciation over three years, so the next section's job is to check what that build-out is buying.

Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).

Best Agrolife Ltd's cash conversion cycle runs 430 days in FY26, up from 48 days in FY21. Capital spending ran ₹253 Cr over the last 3 years. At FY26 sales of ₹1,257 Cr each day of that cycle holds about ₹3.4 Cr, so roughly ₹1,481 Cr sits inside the business at any moment.

FY26: debtors at 142 days, inventory at 564 days — roughly 18.6 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 430 days, looser than FY21's 48.

The full loop: cash goes out to suppliers and production on day 0; stock waits 564 days to sell; customers pay about 142 days after that; and suppliers themselves are paid at 277 days — netting out to the 430-day cycle.

In money terms: at FY26 sales of ₹1,257 Cr, each day of the cycle holds about ₹3.4 Cr — so the 430-day loop keeps roughly ₹1,481 Cr sitting inside the business at any moment.

On the investment side: capital spending of ₹253 Cr over the last 3 fiscal years against ₹118 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1.0 Cr (FY26) — capacity paid for but not yet earning.

The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.

Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.

Best Agrolife Ltd earns a ROCE of 5% in FY26. That is up from a trough of 0% in FY18. Return on invested capital clears the cost of that capital by −7.4 percentage points, so growth here is not yet paying for the capital it uses. The wiring behind it is 0.7% net margin on 0.75× asset turns.

FY26 ROCE is 5%, recovered from a FY18 trough of 0% — the full ladder below shows the fall and the climb, undoctored.

🚨 Why the return is what it is — the wiring (FY26): 0.7% net margin × 0.75× asset turns × 2.19× balance-sheet leverage ≈ 1.1% on equity. Margin does its share; leverage is a meaningful part of the equation.

The capstone test — ROIC − WACC: 4.6% − 12.0% = a −7.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Negative — growth at these returns destroys value until the returns recover.

Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.

Best Agrolife Ltd carries ₹442 Cr of borrowings against ₹768 Cr of equity in FY26, a debt-to-equity of 0.58. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹33.0 Cr to ₹442 Cr. Capital spending ran ₹253 Cr across the last 3 of those years.

FY26: borrowings of ₹442 Cr against equity of ₹768 Cr — a debt-to-equity of 0.58. Operating profit covers the interest bill 2×. Over 5 years borrowings went from ₹33.0 Cr to ₹442 Cr while capital spending ran ₹253 Cr in just the last 3 — part of the build-out is riding on borrowed money.

Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.

Foreign institutions cut 2.5 points of Best Agrolife Ltd over 8 quarters, the biggest move on the register. That takes foreign institutions to 5.6% of the company. Domestic institutions moved −0.5 points over the same window, to 2.1%. The register is read on the four disclosed classes only; nothing is inferred between filings.

The register over the last two years — Foreign institutions: −2.5 points over 8 quarters to 5.6%; Domestic institutions: −0.5 points over 8 quarters to 2.1%; Promoters: +0.3 points over 8 quarters to 50.4%.

🚨 Why the register moved: foreign institutions drove it (−2.5 points), alongside domestic institutions (−0.5 points) — distribution into the market’s bid.

Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.

Best Agrolife Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.

The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.

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