BESTAGRO / Q3-FY26 / claim-ledger

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Best Agrolife · Analyst questions, management answers, and the quality of the response where the ledger is available.

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NegativeQ3-FY26 · 2026-02-10Back to quarter ↗

Questions audited

12

Answered directly

42%

Numeric claims

6

Consistency

contradicted

Question ledger

What was answered, and how?

Hmon Gupta · Research desk

partial

Why did Q3 turn into a loss despite earlier confidence of profitability?

Yes Mr. payment as I mentioned mostly the happens from the placement happens from end of December and most of the liquidation will happen during now. So presently liquidation is going on. So yes we were confident with respect to our profitability but we had missed a little bit on the placement front because of the soft ruby season.

Hmon Gupta · Research desk

evasive

Will warrant holders pay before May given current low share price?

So as per the terms the amount will get 450 tweeted. So we don't want that situation to happen but yeah based on the market situation we will take a call and discuss with the investors.

Gunit Singh · Counter Silic PMS

partial

Why is the company losing market share compared to peers like Dhanuka?

So with respect to market share. So obviously Danuka and we are obviously in a different growth phase because ours is mostly recently that we have gone into B2C in recent three four years. But yeah compared to the volumes our NDV at the beginning of the year itself was that we want to increase our sales of patented product.

Gunit Singh · Counter Silic PMS

evasive

What are the EBITDA margin expectations for FY27?

So FY27 still pretty early to say for this year for FY26 already for 9 months are saved around 1100 crores. So we expect to close the year between 1,300 to 1,400 crores. So this is for the current year which will close by March 26. For 2627 still we are in the process to have our number.

Gunit Singh · Counter Silic PMS

evasive

Why did the 140 cr acquisition not reflect in revenues or bottom line?

See this year we are already at the beginning of the year itself we had given to say that this year we will stabilize because what happens is when the sales team since last two years were in a mode to do a lot of placements and do higher sales but because of sales didn't we were getting affected on our inventory and working capital front.

Gunit Singh · Counter Silic PMS

direct

What is the revenue potential from existing capacity and is the worst behind?

So our capacity earlier at 1,800 crores also we have sufficient capacity. So based on our existing capacity we can do 2,000 plus crores. So capacity is not a constraint.

Chintan Meta · Research desk

evasive

What are the projections for international expansion?

In terms of a new revenue stream exports and international markets will definitely be one big area and in that one of the key challenges in case of international business is the number of registrations. So currently we are progressing on our patented portfolio registrations which are expensive.

Chintan Meta · Research desk

direct

How long from patent grant to revenue generation for exports?

That country's registration time takes anywhere between 2 to 6 years in case of Brazil it may take even more longer than that. So we have started multiple products registration in multiple countries. These will come up anywhere between the next I would say certain things will be available for you registered in the next year especially in Vietnam and Sri Lanka.

Kas Chander · Research desk

partial

Why are receivables over 6 months increasing?

So receivables more or less it's in line with what we had previous year. So this year's because of the continuous rainfall and there was a delay in the produce and the same being repaid by the government. So there was a delay by say just about a month or so but most of the receivables are under control.

Kas Chander · Research desk

direct

What is the annualized EBITDA margin for FY26?

We will be in the range of around we'll be at around 12% or so. So that would be our EBITDA targets.

Vive Rotella · Research desk

evasive

What is management's view on warrant conversion given low share price?

Our price was 640 that was pre-split and pre-bonus. Now if I consider the split and bonus it becomes 42. So instead of 42 here we are at around between close to 20 or so but as I said we are hopeful that we are improving. So we hope that the prices would come to a level where investors would feel that okay they will pay that balance amount.

Vive Rotella · Research desk

partial

When can revenue return to peak levels of 1800-2000 cr?

Next two year we will come around 1600-1700-1800 also because we are already in the same path where we are developing our new products and each product will give us good revenue in coming year in FY27 and I firmly believe FY28 will be again very good year.