Heranba Industries, founded in 1994 is one of the prominent players in the agrochemical industry. Agriculture is the most primitive means of living that laid the foundation of civilization which eventually introduced the concept of a better standard of living which paved the path for the agricultural revolution.
The agrochemical industry was another industry that grew with time with the rise of the agricultural industry. Heranba Industries is a major player in the agrochemical industry with the main aim to provide innovative products to farmers to maximize their farm output.
Heranba Industries is a manufacturer, exporter, and marketing company specializing in manufacturing, exporting and supplying a range of products such as public health, Insecticides, technical, fungicides, etc. Heranba Industries Limited is based in Vapi, Gujarat.
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They are one of the leading domestic producers of synthetic pyrethroids. A pyrethroid is an organic compound made from Pyrethrin which is a natural element. Pyrethroids are mainly used for three purposes.
- Agriculture - Insecticides, Pesticides
- Public Health - Mosquito Sprays, Pharmaceuticals
- Animal Health - Cypermethrin
Future Prospects of Heranba Ltd.
The company has shown tremendous growth since the slump of Covid-19, though the profit growth is yet to surpass the pre-covid levels.
Based on historic trends, the intrinsic share price of Heranba stock is Rs.674.42 whereas today’s share price of Heranba stock is around Rs.520 and the PE ratio of the company is 11.70 which is lower than the industry PE of 29.64, which indicates the stock is currently undervalued and give multi-bagger returns in the future. Get to know about other multibagger stocks of 2022
Heranba Industries can be mulibagger stock know the complete analysis of Heranba Industries Ltd ipo
