Scripscan:Aries Agro Ltd
cmp:30
Traded in:Nse-bse
Story:Aries Agro, which manufactures and sells specialised micro-nutrients to the agriculture industry, has increased its capacity nearly five-fold to 100,000 tonnes per annum recently. Its plans to expand into the Middle East and acquire a strategic stake in a water soluble fertiliser manufacturer will help it to expand operating margins.At the same time, higher volumes will boost the topline.By FY10,the company should achieve Rs 200 crore in turnover.The management expects to keep margins stable as economies of scale will come into play with increased capacities.The company has opted for mobile marketing to boost sales in the next kharif season. It has deployed several vans to market its products in the unserviced areas.Its innovative mobile marketing infrastructure will help the dealers achieve higher throughput by liquidating their inventories faster.The company will also offer advisory services through these marketing vans to local farmers. The company will roll out new products over the next few months to enrich its product portfolio.Given all these factors, Aries Agro’s prospects look promising. Investors with a long-term view can retain their holding in the company.At dips fresh buying can be initiated too in bits.
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