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Aimco Pesticides trades jubilantly on signing contract with Indian agrochemical major

Aimco Pesticides Ltd. | Pesticides & Agrochemicals | Chemicals & Fertilizers | BSE: 524288 | NSE: AIMCOPEST

08 Apr 2021 Evaluate

Aimco Pesticides is currently trading at Rs. 108.00, up by 17.10 points or 18.81% from its previous closing of Rs. 90.90 on the BSE.

The scrip opened at Rs. 109.05 and has touched a high and low of Rs. 109.05 and Rs. 103.55 respectively. So far 108468 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.50 on 04-Jan-2021 and a 52 week low of Rs. 45.70 on 22-May-2020.

Last one week high and low of the scrip stood at Rs. 109.05 and Rs. 84.10 respectively. The current market cap of the company is Rs. 102.05 crore.

The promoters holding in the company stood at 51.35%, while Institutions and Non-Institutions held 0.08% and 48.58% respectively.

Aimco Pesticides has executed a 3 year contract manufacturing agreement for one of its existing product with an Indian agrochemical major (hereinafter referred as Customer).

The contract entails a 3-year supply agreement with the Customer commencing 1st April 2021, for one of the company’s existing Technical product. The company expects production to fully-stabilize by June 2021, during which production will ramp-up to the desired levels. Over the tenure of the contract, the company expects to generate revenues of approximately Rs 225-250 crore. The company has already incurred a capital outlay of Rs 5 crore and further investment of Rs 10 crore in plant & machinery, debottlenecking, utility & safety, effluent treatment facility, and warehousing is expected in FY2021-22.

Aimco Pesticides manufactures a large array of high quality technical grade pesticides, fungicides, herbicides and other chemicals that aids the cultivator to attain the optimum farm yields them so desires.

Aimco Pesticide Share Price

49.73 -2.19 (-4.22%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
UPL	656.15
PI Industries	3036.95
Bayer CropScience	4852.90
Sharda Cropchem	1101.50
Sumitomo Chemical	446.00
View more..

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Aimco Pesticides trades jubilantly on signing contract with Indian agrochemical major

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