Excel Crop care – A Multibagger in Making

Book Value= Rs 127, FY 09 EPS =25, PE=5, industry average PE=10

FY2010 EPS is expected to be around 40 , so if we consider avg PE of 8, then price should be 320Rs…..

Profits are going up and up and this company is playing into potential sector in which opportunity needs to be tapped in Indian market yet. Its into the business of agrochemicals comprising of insecticides, weedicides, fungicides, fumigants and rodenticides.

Nufam is holding 15% shares of this company.


It has a very tiny equity base of only 5 crore and reserves of 135 crores are eye popping. As reserves are almost 27 times of equity of this company so even if this company gives you bonus of 3 shares each it does not matter for them. Three bonus shares means 3*5 = 15 crores only.

This company is playing in niche area and this is my next Multibagger in making. This company also has land bank near Mumbai and value of which is more then its current market capitalization.


I will recommend buy on this scrip with a hold of couple of years to ripe decent profits..