Best Agrolife Ltd Share was once the king of the market because of the huge returns given by it. This share started at Rs 15.74 on 29 April 2016 and reached Rs 1643.50 on 2nd Dec 2022 making returns in the tune of 10438%. It means if you have 100 shares of Best Agrolife bought at Rs 15.75 the total cost of Rs 1575 bought has become Rs 164350 at peak level. However, after that Best Agrolife share never found the solid ground and it is constantly sliding. The current price of this stock is Rs 551 making 3400% profit. This means that people who have invested in this stock at lower values are slightly at profit but people who entered at the top level have lost their wealth.
The main reason behind this is bad performance by the company. Everything from Revenue, and net income to net profit margins all decline in this company thus making this stock very very risky. In this company, the debt-to-equity ratio is increasing while ROCE is decreasing. Best Agrolife share was once a wealth creator but now it is becoming a wealth destroyer. The good thing for the company is that it has a strong presence in India, 50% promoters holding and has many patent products in its kitty. But the company is struggling with cash flow.
If we consider the three years then the company has shown good performance in maintaining revenue growth and good ROE and ROCE. Still, after so much correction company has a very high P/E value. The Chart of the company also shows a negative trend so we need to remain away from this stock till it shows strong positive upward movement.
Current Price - 542
Future Plan - Stay away
Risk - Very Very High
What to do - Wait for strong Positive trend
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