CMGP GROUP
CCSEMA:CMG259.00
MAD
+1.00
(+0.39%)
ISIN
MA0000012718
Return %
Stock
S&P 500
1Y
-34.74
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- Sector
- Producer manufacturing
- Industry
- Industrial machinery
- Address
- Casablanca Morocco
- IPO Date
- Dec 16, 2024
- Website
- cmgp-group.com
- Similar Companies
- Business
- CMGP Group (Compagnie Marocaine de Goutte à goutte et de Pompage) is a Morocco-based integrated provider of agricultural inputs, water infrastructure systems, and renewable energy solutions across North and West Africa. Founded in 1995 and headquartered in Casablanca, Morocco, the company operates primarily across three core business divisions: Agriculture, Water Infrastructure, and Solar Energy. The Agriculture division manufactures, formulates, and distributes agricultural equipment and agro-supplies, including drip irrigation systems, micro-sprinklers, center pivots, filtration units, fertigation systems, greenhouse infrastructure, and agricultural plastic films and shading nets; crop protection chemicals comprising herbicides, fungicides, insecticides, and biostimulants; bulk, water-soluble, and specialty fertilizers; and certified field crop and vegetable seeds through its Agrosem subsidiary. The Water Infrastructure division designs, manufactures, and installs large-scale hydraulic and civil engineering solutions, including polyvinyl chloride (PVC) and high-density polyethylene (HDPE) pressure pipes produced through its SICDA manufacturing subsidiary; municipal and industrial pumping stations; drinking water conveyance and distribution networks; wastewater treatment and sanitation networks; and agricultural and industrial water desalination installations. The Solar Energy division provides turnkey solar photovoltaic pumping solutions, solar panels, inverters, and hybrid energy systems tailored for agricultural irrigation, off-grid operations, and industrial utilities. In addition, the group provides comprehensive engineering, procurement, and construction (EPC) services, agronomic advisory, and after-sales technical maintenance to smallholders, commercial agricultural enterprises, industrial operators, and public sector authorities across Morocco, Senegal, Côte d'Ivoire, Ghana, Mauritania, Mali, and Niger. In recent developments, CMGP Group completed an initial public offering on the Casablanca Stock Exchange in December 2024 under the ticker CMG, joining the MASI 20 index following an oversubscribed public subscription. To broaden its agrochemical and seed portfolio, the group acquired a 70% controlling interest in seed specialist Agrosem and completed the acquisition of a 92.5% majority stake in Compagnie de Produits Chimiques du Maroc (CPCM), enhancing its capabilities in crop protection, industrial chemical distribution, and municipal water purification.