Buy National Fertilizers, target price Rs 68.5: ICICI Direct

ICICI Direct has buy call on National Fertilizers with a target price of Rs 68.5. The current market price of National Fertilizers Ltd. is Rs 63.65. Time period given by analyst is 7 days when National Fertilizers Ltd. price can reach defined target.

National Fertilizers Ltd., incorporated in the year 1974, is a Small Cap company (having a market cap of Rs 3132.34 Crore) operating in Fertilisers sector.

National Fertilizers Ltd. key Products/Revenue Segments include Urea, Di Ammonium Phosphate (DAP), Other Operating Revenue, Fertilisers (NPK), Muriate Of Potash (Trading), Industrial Products, Seeds, Bentonite Sulphur, Ammonia, Agrochemicals, Single Super Phosphate (SSP), Compost, Water Soluble Fertilizers, Scrap, Bio Fertilizer, Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 5099.60 Crore, up 37.78 % from last quarter Total Income of Rs 3701.19 Crore and up 73.23 % from last year same quarter Total Income of Rs 2943.88 Crore. Company reported net profit after tax of Rs 8.64 Crore in latest quarter.

Investment Rationale
The stock during current week has registered a breakout above the bullish rounding formation signalling resumption of up move and offers fresh entry opportunity

Promoter/FII Holdings
Promoters held 74.71 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.81 per cent, DIIs 13.13 per cent.