{"id":171324,"date":"2025-09-19T09:45:36","date_gmt":"2025-09-19T13:45:36","guid":{"rendered":"https:\/\/44.250.171.167\/?p=171324"},"modified":"2025-09-19T09:49:19","modified_gmt":"2025-09-19T13:49:19","slug":"indias-agrochemical-ascent-seizing-the-global-manufacturing-mantle","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/indias-agrochemical-ascent-seizing-the-global-manufacturing-mantle\/","title":{"rendered":"The rise of Indian Agrochemical Industry"},"content":{"rendered":"<p>India&#8217;s agrochemical sector stands at a pivotal juncture. Poised to become a global manufacturing hub, the industry is leveraging its cost competitiveness, manufacturing prowess, and the strategic &#8220;China+1&#8221; shift. Despite near term headwinds like channel inventory and regulatory complexities, the long term growth narrative, fueled by rising domestic demand, a massive patent cliff, and proactive government support, remains compelling. This analysis delves into the sector&#8217;s opportunities, key players, growth drivers, and the challenges it must overcome to realize its $14.5 billion potential.<\/p>\n<p>&nbsp;<\/p>\n<h2>1. The Global Stage: India&#8217;s Strategic Position<\/h2>\n<p>The global agrochemicals market is in flux. China&#8217;s longstanding dominance, accounting for a significant portion of global production, is being challenged by stringent environmental norms, trade tariffs, and a global strategic pivot to de risk supply chains. This &#8220;China+1&#8221; strategy has created a historic window of opportunity.<\/p>\n<p>India is the prime beneficiary. Currently ranked as the fourth-largest global producer (after the US, Japan, and China), India has already become a key exporter. In a telling milestone, India&#8217;s agrochemical exports reached $5.5 billion in FY23, surpassing the United States $5.4 billion and securing its position as the world&#8217;s second-largest exporter.<\/p>\n<p>The sector is on a strong growth trajectory. From a current market size of $10.3 billion, it is projected to reach $14.5 billion by FY28, with exports playing a critical role in this expansion.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-171327 size-full\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/India-Agrochemical-exports-y-o-y-value-in-US-billion-e1758289043699.jpg\" alt=\"Indian Agrochemical Exports\" width=\"900\" height=\"632\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/India-Agrochemical-exports-y-o-y-value-in-US-billion-e1758289043699.jpg 900w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/India-Agrochemical-exports-y-o-y-value-in-US-billion-e1758289043699-300x211.jpg 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/India-Agrochemical-exports-y-o-y-value-in-US-billion-e1758289043699-768x539.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>2. Market Primer: Distinguishing Agrochemicals from Fertilisers<\/h2>\n<p>A crucial distinction must be made:<\/p>\n<ul>\n<li><strong>Agrochemicals (Crop Protection):<br \/>\n<\/strong>These are the guardians that includes insecticides, herbicides, and fungicides designed to shield crops from pests, diseases, and weeds. They protect yield and quality but do not nourish the plant. This is a high-margin, branded business with significant export potential.<\/li>\n<li><strong>Fertilisers (Crop Nourishment):<\/strong> These are the nurturers providing essential nutrients (N, P, K) to the soil and plants. This segment is highly subsidized by the government, offers commoditized products with low pricing power, and operates on relatively thinner margins.<\/li>\n<\/ul>\n<p>India&#8217;s opportunity lies squarely in the high-value crop protection (agrochemicals) segment.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-171326\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-1.png\" alt=\"Types of Agrochemicals \" width=\"761\" height=\"271\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-1.png 761w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-1-300x107.png 300w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>3. The Opportunity: Catalysts for Exponential Growth<\/h2>\n<p>Several powerful catalysts are converging to drive India&#8217;s agrochemical growth:<\/p>\n<p><strong>1. The $4.2 Billion Patent Cliff:<\/strong><br \/>\nProducts worth $4.2 billion globally are going off-patent by 2023-25, opening up opportunities for Indian manufacturers to produce 26 active ingredients as high-margin generic molecules.<\/p>\n<p><strong>2. The China+1 Tailwind:<\/strong><br \/>\nAs global buyers diversify from China, India&#8217;s advantages as low-cost manufacturing, a skilled talent pool, and a robust chemical industry making it the most logical alternative. India already exports to over 140 countries, with the US and Brazil being the top destinations.<\/p>\n<p><strong>3. Low Domestic Penetration:<\/strong><br \/>\nIndia&#8217;s agrochemical usage stands at just 0.6 kg\/hectare, significantly below the global average of 2 kg\/hectare. This indicates massive headroom for domestic growth, especially with rising horticulture production (India is the 2nd largest fruits &amp; vegetables producer globally).<\/p>\n<p><strong>4. Government Support:<\/strong><br \/>\nThe government is actively promoting the sector through:<\/p>\n<ul>\n<li><strong>Cluster-based development<\/strong> to reduce manufacturing and logistics costs.<\/li>\n<li><strong>Potential PLI Scheme:<\/strong> A anticipated Production Linked Incentive scheme is expected to offer 10-20% output incentives, boosting domestic manufacturing and exports.<\/li>\n<li><strong>Farmer Welfare Schemes:<\/strong> Initiatives like the PM-Kisan scheme (with its 17th instalment recently approved) put direct cash in the hands of 93 million farmers, boosting their purchasing power.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-171328\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-3-1024x388.png\" alt=\"Indian Agrochemical Industries declining sales growth\" width=\"640\" height=\"243\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-3-1024x388.png 1024w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-3-300x114.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-3-768x291.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-3.png 1066w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>4. The Competitive Landscape: Key Players and Strategies<\/h2>\n<p>The Indian agrochemical space is a mix of domestic champions and subsidiaries of global giants.<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/44.250.171.167\/symbol\/piind\/\">PI Industries Ltd<\/a>:<\/strong> Strong CRAMS (Contract Research and Manufacturing) model, <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/337ff6e1-3b8e-4f34-ba41-ab48c4d0660d.pdf\" target=\"_blank\" rel=\"noopener\">R&amp;D focus<\/a>.<\/li>\n<li><strong><a href=\"https:\/\/44.250.171.167\/symbol\/upl\/\">UPL Ltd<\/a>:<\/strong> Global footprint, wide product portfolio, <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/4a43d07a-6fc3-4461-86c4-0364245ace13.pdf\" target=\"_blank\" rel=\"noopener\">backward integration<\/a>.<\/li>\n<li><strong><a href=\"https:\/\/44.250.171.167\/symbol\/bayercrop\/\">Bayer CropScience Ltd<\/a>:<\/strong> Global MNC subsidiary, <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/c774a812-d128-4231-a2c4-0933730bb238.pdf\" target=\"_blank\" rel=\"noopener\">strong R&amp;D<\/a> and premium brands.<\/li>\n<li><strong><a href=\"https:\/\/44.250.171.167\/symbol\/sumichem\/\">Sumitomo Chemical India Ltd<\/a>: <\/strong>Backing of Japanese parent, <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachHis\/e2224d0b-e7f2-4a26-97db-1dd9a95e86f0.pdf\" target=\"_blank\" rel=\"noopener\">technical expertise<\/a>.<\/li>\n<li><strong><a href=\"https:\/\/44.250.171.167\/symbol\/dhanuka\/\">Dhanuka Agritech Ltd<\/a>:<\/strong> Strong domestic distribution and brand loyalty.<\/li>\n<\/ul>\n<p><strong>Strategic Shifts:<\/strong> Leading companies are not resting on their laurels. They are:<\/p>\n<p><strong>1. Backward Integrating:<\/strong> Setting up in-house manufacturing for key technical to reduce dependence on Chinese imports (e.g., UPL&#8217;s new unit in Gujarat).<\/p>\n<p><strong>2. Focusing on R&amp;D:<\/strong> Investing in process innovation for off patent molecules and developing greener, bio-based products.<\/p>\n<p><strong>3. Pursuing M&amp;A:<\/strong> Engaging in mergers, acquisitions, and JVs (e.g., Japanese firms like Sumitomo and Mitsui acquiring stakes in Indian companies) to gain technology, market access, and scale.<\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-171329\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-2.png\" alt=\"Value chain of Agrochemicals\" width=\"878\" height=\"543\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-2.png 878w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-2-300x186.png 300w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/unnamed-2-768x475.png 768w\" sizes=\"auto, (max-width: 878px) 100vw, 878px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h2>5. Challenges and Headwinds<\/h2>\n<p>The path to global leadership is not without its obstacles:<\/p>\n<ul>\n<li><strong>Chinese Import Dependency:<\/strong> India still imports 50% of its technical grade active ingredients from China, creating supply chain and pricing vulnerabilities.<\/li>\n<li><strong>Regulatory Hurdles:<\/strong> The registration process for new molecules is often complex, costly, and time-consuming, stifling innovation and delaying market entry.<\/li>\n<li><strong>R&amp;D Gap:<\/strong> The industry spends only 1-2% of turnover on R&amp;D, compared to 5-10% in developed countries, due to high costs and long gestation periods.<\/li>\n<li><strong>Cyclical Pressures:<\/strong> Recent headwinds include high channel inventory, global destocking, price erosion due to Chinese dumping, and erratic monsoons, which have squeezed margins in the near term.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>6. The Road Ahead: Policy imperatives and Conclusion<\/h2>\n<p>For India to fully capitalize on this opportunity, a concerted effort from both industry and policymakers is required:<\/p>\n<ul>\n<li><strong>Policy Reforms:<\/strong> Streamlining the Insecticides Act of 1968 to make the registration process faster, more transparent, and predictable.<\/li>\n<li><strong>Boost R&amp;D:<\/strong> Incentivizing private sector R&amp;D investment and fostering public-private partnerships to develop new molecules and sustainable solutions.<\/li>\n<li><strong>Infrastructure Development:<\/strong> Creating plug-and-play industrial parks with ready environmental clearances and efficient logistics to reduce the cost of doing business.<\/li>\n<li><strong>Promote Integration:<\/strong> Encouraging investment in backward integration for key intermediates and building blocks to move up the value chain and reduce import dependence.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Conclusion:<\/h2>\n<p>India&#8217;s agrochemical sector is more than just an industry but it is a critical enabler of national food security and a future export powerhouse. While near term cyclical challenges persist, the long term structural drivers &#8211; the China+1 strategy, the patent cliff, and rising global food demand are undeniable.<\/p>\n<p>Companies that have invested in backward integration, robust R&amp;D, and strong distribution networks are best positioned to lead the next growth cycle. With supportive government policies and a relentless focus on innovation, India is not just on track to become a global agrochemical manufacturing hub, it is essential to the world&#8217;s future food supply chain.<\/p>\n<p>&#8212;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s agrochemical sector stands at a pivotal juncture. Poised to become a global manufacturing hub, the industry is leveraging its cost competitiveness, manufacturing prowess, and the strategic &#8220;China+1&#8221; shift. Despite near term headwinds like channel inventory and regulatory complexities, the long term growth narrative, fueled by rising domestic demand, a massive patent cliff, and proactive [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":171325,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9931,1941],"tags":[11738],"class_list":["post-171324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-products","category-stock-analysis","tag-agrochemicals"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/Opportunity-for-India-becoming-a-global-agro-chemical-manufacturing-hub-1130x580-1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128249,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-dharmaj-crop-guard-files-papers-for-%e2%82%b9300-crore-public-listing\/","url_meta":{"origin":171324,"position":0},"title":"IPO Alert: Dharmaj Crop Guard files papers for \u20b9300-crore public listing","author":"Nishad","date":"March 14, 2022","format":false,"excerpt":"The global pesticides market has grown at a compound annual rate of 4.3% to $67 billion in 2020 from $57 billion in 2016. It is expected to grow1.6-1.8% through 2024 and reach about $71-$72 billion. India ranks fourth in the world in agrochemicals production and 13th in pesticides exports globally.\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":172058,"url":"https:\/\/alphastreet.com\/india\/sharda-cropchem-q2-fy26-earnings-results\/","url_meta":{"origin":171324,"position":1},"title":"Sharda Cropchem Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 3, 2025","format":false,"excerpt":"Sharda Cropchem is principally engaged in export of agrochemicals (technical grade and formulations) and non-agro products such as conveyor belts, rubber belts\/sheets, dyes and dye intermediates to various countries across the world. Q2 FY26 Earnings Results: Revenue from Operations: \u20b9929.11 crore, up 19.6% YoY; down 5.7% QoQ. Profit After Tax\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"Sharda Cropchem Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Sharda-Cropchem-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173110,"url":"https:\/\/alphastreet.com\/india\/tata-chemicals-cyclical-headwinds-long-term-value-intact\/","url_meta":{"origin":171324,"position":2},"title":"Tata Chemicals: Cyclical Headwinds, Long-Term Value Intact","author":"Divyansh_Kasana","date":"January 2, 2026","format":false,"excerpt":"Company Overview and Business Model Tata Chemicals Limited (TCL), a flagship company of the US$110 billion Tata Group, is one of India\u2019s oldest and most diversified chemical companies, with a legacy spanning more than eight decades since its incorporation in 1939. Headquartered in Mumbai, Tata Chemicals has evolved from a\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"Tata","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/istockphoto-1430937059-612x612-1.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":170878,"url":"https:\/\/alphastreet.com\/india\/bhagiradha-chemicals-q1-fy26-earnings-results\/","url_meta":{"origin":171324,"position":3},"title":"Bhagiradha Chemicals Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"September 3, 2025","format":false,"excerpt":"Bhagiradha Chemicals & Industries Ltd is an agrochemical company in India involved in manufacturing insecticides, fungicides, herbicides, and related products. It was promoted in 1993 by late Sri S. Koteswara Rao, a former scientist at the Indian Institute of Chemical Technology, Hyderabad. Presenting below its Q1 FY26 Earnings Results. Q1\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"BHAGCHEM Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/BHGCHEM.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":178605,"url":"https:\/\/alphastreet.com\/india\/sharda-cropchem-q3-profit-surges-366-on-strong-europe-volumes\/","url_meta":{"origin":171324,"position":4},"title":"Sharda Cropchem Q3 profit surges 366% on strong Europe volumes","author":"Staff Correspondent","date":"January 30, 2026","format":false,"excerpt":"Sharda Cropchem Limited (NSE: SHARDACROP; BSE: 538666), a leading global agrochemicals player, reported a nearly five-fold jump in its third-quarter profit on Thursday, driven by robust volume growth and a significant expansion in the European market. The company's consolidated profit after tax (PAT) surged 366% to 145.1 crore rupees for\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":148091,"url":"https:\/\/alphastreet.com\/india\/meghmani-finechem-q4fy23-earnings-story\/","url_meta":{"origin":171324,"position":5},"title":"Meghmani Finechem Q4FY23 Earnings Story","author":"Karan_Singh","date":"June 2, 2023","format":false,"excerpt":"Meghmani Finechem Limited (MFL) is part of the Ahmedabad-based Meghmani Group. It was incorporated in September 2007 as a subsidiary of Meghmani Organics Ltd (MOL) but was demerged in April 2021. The company is primarily engaged in manufacturing and selling of Chlor Alkali & its Derivatives with backward and forward\u2026","rel":"","context":"In &quot;Agricultural Products&quot;","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/iStock-1264359239.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/171324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=171324"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/171324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/171325"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=171324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=171324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=171324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}