Bayer CropScience: Recommends a dividend of Rs 5.50 for FY14, buyIndiaNotes.com
Bayer CropScience has recommended a dividend of Rs. 5.50/- per share of Rs. 10/- each for the year ended March 31, 2014. At CMP of Rs.1805.00, the stock P/E ratio is at 21.07 x FY15E and 19.34 x FY16E respectively. Buy for a target of Rs.1985.00
Bayer CropScience: Recommends a dividend of Rs 5.50 for FY14, buyIndiaNotes.com
Bayer CropScience has recommended a dividend of Rs. 5.50/- per share of Rs. 10/- each for the year ended March 31, 2014. At CMP of Rs.1805.00, the stock P/E ratio is at 21.07 x FY15E and 19.34 x FY16E respectively. Buy for a target of Rs.1985.00
The stock is currently trading at TTM PE of 19.69x and TTM EPS of Rs.2.76 along with P/BV of 4.94x. Company is in niche products portfolio, strong financial performance, zero debt status, planning for capacity expansion and backward integration in china. Accumulate.
Financial analysis for inter and intra firm comparison on Energy Minerals on ONGC and RIL
SWOT Analysis of ONGC and Reliance Limited
Balance Sheet, P&L
Daily market outlook by Jainam Research - includes indices watch, corporate news, corporate results and action, technical mirror, commodity mirror, and momentum calls status.
Analysis of agrochemical sector - Quantitative and Qualitative analysis of agrochemical stocks. Presenting investing options and arriving at a desicion
The stock is currently trading at TTM PE of 19.69x and TTM EPS of Rs.2.76 along with P/BV of 4.94x. Company is in niche products portfolio, strong financial performance, zero debt status, planning for capacity expansion and backward integration in china. Accumulate.
Financial analysis for inter and intra firm comparison on Energy Minerals on ONGC and RIL
SWOT Analysis of ONGC and Reliance Limited
Balance Sheet, P&L
Daily market outlook by Jainam Research - includes indices watch, corporate news, corporate results and action, technical mirror, commodity mirror, and momentum calls status.
Analysis of agrochemical sector - Quantitative and Qualitative analysis of agrochemical stocks. Presenting investing options and arriving at a desicion
Excel Crop Care: Net profit ramps up by 214% in FY14, buyIndiaNotes.com
Net profit ramps up by 214% for FY14 and stood at Rs. 672.51 million as against Rs. 214.24 million for the period of previous year. Operating Profit also increased by 90% to Rs. 1084.81 million. Buy for a target of Rs810.
Similar to ATS Company Reports: Aries agro ltd. (20)
What are subsidies?
Subsidies are the money the government gives to the public or
corporates for selling essential goods and services at cheaper rates.
Simply put, it is the opposite of taxation. There are two different kinds of subsidies – growth oriented and welfare oriented. Reduction in fuel and food costs is an example of welfare-oriented subsidies. The government also sometimes gives money to companies or farmers for operating in certain industries.
These are examples of growth-oriented subsidies. These subsidies encourage companies to operate in industries that may have high business costs, but are still important for the public and the economy.
The oil marketing industry is the best example of this. These companies sell fuel at cheaper rates, incurring a loss. Yet, fuel plays a very important role in the economy. So, to encourage companies to operate in this environment, the government pays them subsidies to make up for the loss.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
2. Current price 117.50
Sector Agri Chemicals
No of shares 13004339
52 week high 164.40
52 week low 57.25
BSE Sensex 27437.94
Nifty 8305.25
Average Volume 102679
BSE Code 532935
NSE Symbol ARIES
Aries Agro Ltd.
Recommendation
– BUY/HOLD
Date – 24/04/2015
3. Company Overview
Aries Agro Ltd (Aries Agro) is an agriculture chemicals manufacturer. The company manufactures nutrients sulphur,
magnesium, calcium, water-soluble, nitrogen (N), phosphorous (P) and potassium (K) nutritional products for plants
and animals. Its products are chelated micronutrient fertilizers, farm equipment, major fertilizers, multi-micronutrient
fertilizers, agriculture products, nutritional products, plant nutrition, plant protection, and veterinary products. Aries
Agro’s nutritional products include aries total, calbor, marino, zincomix, ferromix, sulfonite, and tetrabor. The company
markets products under brand name, AGROMIN. It also offers in-house research and development to develop
bactericides for agriculture. Aries Agro is headquartered in Mumbai, Maharashtra, India.
In addition, it provides veterinary products comprising protein and mineral feed supplements for poultry, cattle, and
broilers; and herbal milk booster for dairy cattle, as well as offers seeds, farm equipment, machinery, etc. The
company also sells its products to Sri Lanka, Bangladesh, Pakistan, Ecuador, Brazil, the United States, Taiwan,
Kenya, Vietnam, Australia, and New Zealand. AAL has 6 plants in India and two in AAL subsidiaries in UAE. The
plants are presently located at Bangalore, Mumbai, Hyderabad, Kolkata, Gujarat, Lucknow, Sharjah, UAE (Subsidiary
Company) and Fujairah, UAE (Subsidiary Company).
AAL has five subsidiaries viz Aries Agro Care Pvt Limited, Aries Agro Equipments Private Limited, Aries Agro Produce
Private Limited, Golden Harvest Middle East FZC and a step down Subsidiary viz Amarak Chemicals FZC.
AAL has a very wide distribution network across the country. It operates along a distribution channel comprising of
about more than 6,400 distributors and a direct retail touch point of more than 86,000 dealers. Their reach extends to
most of the major fertilizer consuming districts of the country with the retail outlets spread over 27 states in India. It
also wants to enter new markets in India by expanding its distribution activities in states like Kashmir, Kerala, Manipur
and Goa. The current market capitalisation stands at Rs 156.05 crore.
5. Industry Overview
Agrochemicals are different chemical compounds that are mainly used in agriculture. Mostly, synthetic chemicals such
as di-methyl amine and organophosphates are used as agrochemicals. Further, animal, plant manure are also used
as agrochemicals. Agrochemicals are generally used by mixing with the soil and spraying on the crops. The primary
functions of agrochemicals include protection of crops, improvement of crop yields, maintenance of the food & soil
quality and modification of the growth process of plants. Based on these functions, agrochemicals are classified as
pesticides, insecticides, herbicides, fungicides, fertilizers and liming & acidifying agents among others. Pesticides and
fertilizers have had the largest share in the global agrochemicals consumption over the past few years. Apart from
agricultural fields, agrochemicals are also used on indoor plants in domestic houses, on ornamental crops in nurseries
and in animal husbandry.
Changing agrochemicals usage patterns followed by increased global population & consumer health awareness are
the key driving factors of agrochemicals market demand. Population enlargement has resulted in increased food
consumption. Hence a rise in demand for nutritious and quality foods is likely to occur over the coming years. This
overall situation has led in extensive usage of agrochemicals, especially pesticides, fertilizers, insecticides and
acidifying agents. Pesticides are used to manage and destroy pests, pathogens and other micro-organisms, while
fertilizers are applied for advancement of plant growth. Insecticides are used as insect growth regulators while liming
or acidifying agents are used to adjust the pH level in soils. Pesticides segment is growing at a greater pace than
fertilizer. Growing horticulture and floriculture industries are likely to increase the demand for pesticides.
In terms of global demand for agrochemicals market, the developing countries in Asia Pacific region are expected to
show a steadfast growth by the end of forecast period. China followed by Japan and India are anticipated to have
favorable agrochemicals market by 2020. China is likely to show increased agrochemicals usage especially for maize,
rice and soyabeans. In India, a similar scenario is anticipated since agrochemicals are mainly used for protection of
cash crops, which include major cereals such as wheat, jowar rice as well as cotton and sugarcane.
6. Balance Sheet
Mar '14 Mar '13 Mar '12 Mar '11 Mar '10
Sources Of Funds
Total Share Capital 13.00 13.00 13.00 13.00 13.00
Equity Share Capital 13.00 13.00 13.00 13.00 13.00
Reserves 127.38 119.18 112.40 96.58 85.23
Networth 140.38 132.18 125.40 109.58 98.23
Secured Loans 93.24 112.83 103.06 94.73 78.47
Unsecured Loans 27.94 29.40 8.18 3.37 4.53
TotalDebt 121.18 142.23 111.24 98.10 83.00
TotalLiabilities 261.56 274.41 236.64 207.68 181.23
Application Of Funds
Gross Block 46.13 47.38 40.00 42.08 40.61
Less: Revaluation Reserves 0.00 0.00 0.00 7.93 8.21
Less: Accum. Depreciation 11.23 10.43 10.28 10.10 8.30
Net Block 34.90 36.95 29.72 24.05 24.10
Capital Work in Progress 10.85 13.61 19.94 17.07 15.73
Investments 20.28 20.28 20.28 18.06 14.64
Inventories 99.48 102.40 102.82 84.19 46.87
Sundry Debtors 95.05 82.44 68.56 48.87 69.52
Cash and Bank Balance 12.45 20.30 17.91 7.34 6.77
Total Current Assets 206.98 205.14 189.29 140.40 123.16
Loans and Advances 52.43 61.10 49.90 61.25 48.42
Fixed Deposits 0.00 0.00 0.00 32.90 0.00
Total CA, Loans & Advances 259.41 266.24 239.19 234.55 171.58
Current Liabilities 53.75 56.84 64.46 78.77 38.94
Provisions 10.10 5.82 8.03 7.28 5.86
Total CL & Provisions 63.85 62.66 72.49 86.05 44.80
Net Current Assets 195.56 203.58 166.70 148.50 126.78
TotalAssets 261.59 274.42 236.64 207.68 181.25
Contingent Liabilities 456.09 69.45 66.39 24.41 5.23
Book Value (Rs) 107.96 101.64 96.43 84.26 75.54
12. Investment Rationalize
Aries Agro Ltd (Aries Agro) is an agriculture chemicals manufacturer with a healthy cash flow and Revenue
growing at a healthy CAGR of 10.8% in the last five years.
Company have a well diversified portfolio of chemical nutrients and pesticides, which will help the company
in order to capture the market potential in the product segment in an effective manner.
Backward integration will help the company in effective production and cost control in manufacturing its
products and helps to increase the profit margins considerably.
Current capacity utilization of the company stands at less than 50%, with increase in product demand AAL
will be able to meet market requirements without capital investments.
Governments positive policies towards the development of agriculture will a huge boost for the growth of the
company, as the per capita expenditure on agri chemicals in India is less than global average.
AAL have a wide and effective marketing and distribution network and manufacturing facilities in locations
which will help in reducing logistics expenses and tap the market demand.
Increase in revenue from exports will increase the revenue and profit of the company as the profit margins
from exports are higher than domestic margin.
Price to Sales Ratio of the company stands at 0.66% which defines the stock is available at discounted
price.