Vijay Kedia bets on Astec Lifescience

Our Master Portfolio Member Vijay Kedia has position his latest bet on Astec Lifescience, a producer of agrochemicals as well as pharmaceutical intermediates.  According to the latest part asset pattern, Vijay Kedia bagged 2,00,000 shares which comes to 1.028% of the sum shares. Astec manufactures a broad arrive at of Agrochemical active ingredients as well as pharmaceutical intermediates. Company has forged enduring relationships alongside large as well as modest companies all over the world. 

Let's banking concern check what all could survive the argue for Vijay Kedia to choice this stock fifty-fifty though it has ran upward a lot inwards final 1 year, from sub 100 levels to Rs 300. The stock has late corrected as well as right away trading at Rs. 244.

• Astec is a leader inwards Triazole fungicides as well as has a portfolio of fungicide as well as herbicide technical products for Indian as well as global markets.
• The Company has 214 production registrations across 32 countries including 139 production registrations inwards India.

Steady Increase inwards OPM for the final five years

• Astec’s rigid multi-year relationships alongside its customers are will to the high grade of client satisfaction enjoyed past times the Company. The companionship has non lost a client since inception as well as all client relationships bring grown consistently over the years.
• Through its 100% subsidiary Astec Crop Care Pvt. Ltd, the Company markets as well as distributes branded agrochemical formulations inwards India
• The Company has ii multiproduct plants inwards Mahad, Maharashtra as well as an R&D site, manufacturing as well as airplane pilot constitute inwards Dombivli virtually Mumbai.
• Astec has a rigid pipeline of products nether evolution as well as intends to launch ii – iii novel products annually alongside an emphasis on procedure excogitation as well as IP generation to exercise a sustainable payoff as well as deliver rigid revenue growth.

Steady Increase inwards PAT for final four years

• The Indian Agrochemical Industry is estimated at INR 263 billion ( ,USD 4.4 billion) inwards 2014 as well as is expected to grow at a CAGR of 12% betwixt 2014 as well as 2019.
• Fungicides as well as herbicides are expected to effort hereafter increment due to speedily growing withdraw for fruits as well as vegetables as well as rise terms of agricultural labor.
• Promoters bring over 35 years of sense inwards the Agrochemical sector as well as bring successfully built a profitable, fast growing agrochemical line of piece of occupation concern alongside proven execution credentials.

Looking at the line of piece of occupation concern model as well as electrical flow opportunities inwards the world broad agriculture market, this choice of Vijay Kedia seems to survive sensible. Lets hold back as well as encounter if the stock tin proceed the increment momentum going forward.