Buy Chambal Fertilisers & Chemicals, target price Rs 330: Sharekhan by BNP Paribas

Sharekhan by BNP Paribas has buy call on Chambal Fertilisers & Chemicals with a target price of Rs 330.The current market price of Chambal Fertilisers & Chemicals is Rs 295. Sharekhan by BNP Paribas recommended to keep stop loss at Rs 285.

Chambal Fertilisers & Chemicals, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 12334.32 Crore) operating in Fertilisers sector.

Chambal Fertilisers & Chemicals key Products/Revenue Segments include Fertilisers and Other Operating Revenue for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 8319.07 Crore, down -4.11 % from last quarter Total Income of Rs 8675.59 Crore and up 74.69 % from last year same quarter Total Income of Rs 4762.22 Crore. Company has reported net profit after tax of Rs 324.10 Crore in latest quarter.

The company’s top management includes Mr.Saroj Kumar Poddar, Mr.Shyam Sunder Bhartia, Mr.Gaurav Mathur, Mr.Vivek Mehra, Mr.Pradeep Jyoti Banerjee, Mrs.Rita Menon, Mr.Chandra Shekhar Nopany, Ms.Radha Singh, Mr.Marco Philippus Ardeshir Wadia. Company has Price Waterhouse Chartered Accountants LLP as its auditors. As on 31-03-2023, the company has a total of 42 Crore shares outstanding.

Investment Rationale
Provided a breakout from an inverse head and shoulders pattern, a bullish reversal pattern.

Promoter/FII Holdings
Promoters held 60.56 per cent stake in the company as of 31-Mar-2023, while FIIs owned 9.04 per cent, DIIs 13.24 per cent.