monsanto india

Monsanto India Ltd. (MIL) is a subsidiary of Monsanto Company USA, a global leader in agricultural products solutions worldwide. Set up in 1949 MIL has been providing farmers with products that have contributed substantially to agricultural productivity and effective weed control practice to boost yields in keeping with the principles of sustainable development. The company’s products include herbicides like Machete, Lasso, Leader and Roundup and high quality seeds Asgrows and Deklab for maize and sunflower respectively. Machete, the first rice herbicide was launched in India in 1975 and still continues to be a leading weed control tool for soyabean farmers in western India. Roundup is providing plantation growers with a leading edge weed control solution since 1991. Leader a new generation herbicide was launched in 1998 for post-emergent weed control in wheat.MIL is a committed participant in the seed industry. High yield crop varieties and hybrid crops such as corn, sunflower and cotton are important crops that the company is committed to developing. The agriculture sector has made tremendous strides over the years. India now is the largest producer of wheat, fruits, cashew nuts and tea in the world and the second largest producer of vegetables and fruits. Food grain production has increased four fold in 50 years to over 200 million tonnes today. Monsanto is an agricultural company. Globally it supplies innovation and technology to make farmers all over the world more productive and profitable by improving the way in which they can produce food, feed and fibre.On the financials, the company has been doing well with turnover improving to Rs.378.53 Crores in FY 05 compared to Rs.333.3 Crores in FY 04. Net Profit has moved up to Rs.76.78 Crores against Rs.69.30 CRS in the previous period.For FY 05, the equity capital was Rs 8.63 Crores while Reserves and Surplus stood at Rs.373.57 Crores accounting for a book value of Rs.442.87. The Earnings per share for FY 05 was a healthy Rs 88.95 compared to Rs. 80.30 in FY 04. Dividend paid was 230% as against 200% in the previous year.Market intelligence indicates that the company would wind up the year FY 06 with an earnings per share between Rs.125/- to Rs. 130/- and the earnings would jump up further to around Rs.200 in FY 07.For FY 06, the book value per share is estimated at around Rs.540. In all likelihood the company is expected to announce a bonus issue in the ratio of 1:1 as well as a stock split in the ratio of 1:10.

templeton n azim have holdings in this one........wait for the market to correct.......a price arnd 1500-1600 will be a good price to acquire this jem