Currently quoting @154 (as on 26-01-08), it is a buy on dips for a target of 300+ in the long run..

Agriculture theme would be one of the biggest theme in coming years.

Aries Agro started their activity by manufacturing a small range of mineral feed additives for animals & birds and then diversified into mineral additives for the agriculture use. Products were immediately accepted by the consumers and slowly it became the brand leader in the field of mineral nutrition with a range of products including mineral premixes, milk boosters, protein concentrates, vitamin premixes, anti-coccidian and anti-bacterial feed additives.

They pioneered the concept of Chelates in India with the introduction of “Agromin”, a micronutrient fertilizer in the year 1975, followed by “Chelamin” in 1976. Agromin (chelated micronutrients) and Chelamin (chelated zinc) are the company’s flagship brands

Milestones
1.First recipient of the coveted ISI mark for Mineral Feed Supplements — an honor not yet accorded to many major players in the Industry.
2.The company selected by the International Labor Organization, Switzerland to exemplify ideal Labor Relations in the Small Scale Sector in India.
3.First company to receive manufacturing permission for Agricultural Chelates.
4.First company to receive manufacturing permission for Agricultural Bactericides.
5.Responsible for the establishment of the “Feed Additive Manufacturers Association of India”.
6.Aries is the first Agribusiness Company in India to successfully launch a Dealer Loyalty Programme, christened KHAZAANA, which is today recognized as India ‘s most rewarding Customer Rewards Programme in the Agrochemical industry.

Aries Agro (AAL), promoted by Dr T B Mirchandani and his two sons, is a majormanufacturer of micronutrient and other nutritional products for plants and animals. Itsrange of products comprise five categories: multi-micro nutrient fertilisers, chelatedmicro nutrient fertilisers, specialty soluble fertilisers, anti-bacterial products foragricultural use, and nutritional products for animals.

With four manufacturing facilities in Bangalore, Mumbai, Hyderabad and Kolkata,AAL’s total production capacity is 21,600 tonnes per annum.

New manufacturing units at Ahmedabad, Lucknow, Medak (Andhra Pradesh), and anadditional one in Maharashtra will bring on stream 79,200 tonnes per annum of new capacityby October 2008.

With an aim to expand its global footprint, specially the Middle East, AAL is investingRs 7.37 crore in one of its group companies Golden Harvest Middle East (FZC), incorporatedin the UAE, to convert it into a subsidiary. Golden Harvest is setting up a facility inSharjah to manufacture chelated micronutrients with a capacity of 10,800 tonnes per annum.It is also investing Rs 2.46 crore in another company, MAPCO Fertilizer Industries FreeTrade Zone Company (MAPCO). MAPCO’s distribution reach in the Middle East will beused to sell the company’s micronutrients in those markets.

For more details about the company please visit their homepage: http://www.ariesagro.com/

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