SUPER CROP SAFE LTD
Super Crop Safe Limited (SUCROSA) is one of the leading players in Agro chemical Industry
with presence in more than 8 states with 2100+ distributors' network. The Company was incorporated in 1987 with the aim of crop protection. It engaged in manufacturing of various types of agro
chemicals like technical grade pesticides, formulation of insecticides, fungicides and weedicides
since inception. At present, the company supplies more than 100 products in the market under
various brand names. The Company moves towards biological and herbal products which are based on sustainable development that balances the need for economic growth with environmental protection and social equity. The Technical Grade Pesticides manufacturing unit & formulation
unit are located at Himatpura in Bilodra about 65 kms away from Ahmedabad on 20,000 sq. yd.
land.
During FY18, its net profit jumped 78.34% to Rs. 4.94 crore from Rs. 2.77 crore in FY 17 on sales
of Rs. 68.29 crore fetching an EPS of Rs.1.28. Its bottom-line has grown at 133% CAGR over the
last three years. During Q3 FY 19, its net profit grew 27% to Rs. 1.45 crore from Rs. 1.14 crore in
Q3FY18 on higher sales of Rs.17.47crore. For 9MFY19, it posted 10% higher PAT of Rs.4.06crore
on higher sales of Rs.51.90crore and an EPS of Rs.1.03.
Future Plans: Our intent is to become a pan India player with significant product mix. The company making strategically plans to enter new regions, getting geographical benefits, to increase
the sales. With our commitment to launch 3-4 high margin & high demand products every year in
our R&D market, we are looking at improved margins in the coming years. We also want to increase our distributor network from 2100 to atleast 4000 by 2020. Nutraceutical industry has very
high growth prospects in future. Hence, we are soon planning to make debut in nutraceutical segment for which we have already acquired HACCP, FSSAI, and GMP certifications. So far we have
completed one product "Spirulina" on nutraceutical front and rest of the products are in our R&D
pipeline, in the near future we will be launching it.
Recently, Promoters increased their stake through buying shares from open market which is
positive sign. Everyone, whose financial advisor is allowing to trade in this stock for medium to
long term can watch with a stop loss of Rs.24.