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Excel Crop Care


Excel Crop Care is in the business of manufacturing agrochemicals.

It is a leading producer with established brands. It is constantly developing new products and tapping export markets to grow its revenues.

The company has shown reasonably good growth in revenues and profits over the last five years – reporting about 90cr in operating profits on 700cr of revenues in the last financial year.  It operates with modest leverage of about 115cr.

The business is exposed to several risks including climate dependence, brand counterfeiting, import competition, negative public relations on agrochemicals, cyclicality of raw material supplies, adverse regulations in export markets.  It is also operating in an industry that is growing at a pace slower than real GDP.
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