PUNJAB CHEMICALS AND CROP PROTECTION-Patience will Pay Off

Punjab Chemicals and crop protection is a member
of Shroff group headed by Shalil S Shroff.
Company has operations through various divisions
like Agro Chemicals, Pharmaceuticals, Industrial
Chemicals ..etc .In agrochem sector, company making
various types of Herbicides, Pesticides and
Fungicides.PCPL’s 75% income coming from
agrochemicals 10% from Pharmaceuticals,10% from
industrial chemicals and rest from international
trading. Company has also presence in bio
pesticides and seed Inoculants.Company has four
international subsidiaries SD Agchem (Europe) NV,
AgriChem B.V Netherland,SINTESIS QUIMICA S.A.I.C
Argentina,and Source Dynamic LLC. All these acquired
companies are not very small ones .Company’s products
are also exported to 60 countries worldwide. PCPL is
the words largest producer of oxalic acid and
derivatives used in agrochemical industry and
exporting it to clients like Syngenta and Dow
Chemicals.Company’s last year was a disaster due
to various reasons like bad performance of
subsidiaries abroad due to recession, one of the
worst monsoon season in India and most importantly
a fire at its Herbicides unit in Mohali ,Punjab.
But now most of the problems are solved and company
is expected to post encouraging performance going
forward. As an indication of this ,promoters are in  a buying spree
from open market in recent times.
At CMP of Rs.135/- it is a good BUY for real investors.