Buy Rashtriya Chemicals & Fertilizers, target price Rs 117: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Rashtriya Chemicals & Fertilizers with a target price of Rs 117. The current market price of Rashtriya Chemicals & Fertilizers is Rs 100.37. Prabhudas Lilladher recommended to keep stop loss at Rs 94.

Rashtriya Chemicals & Fertilizers, incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 5549.98 Crore) operating in Fertilisers sector.

Rashtriya Chemicals & Fertilizers key Products/Revenue Segments include Other Operating Revenue, Suphala 15:15:15, Urea, Ammonia, Ammonium Nitrate Melt, By Products, Other Industrial Products, Nitric Acid (Diluted), Methylamines, Others, Scrap 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 6273.49 Crore, up 12.08 % from last quarter Total Income of Rs 5597.52 Crore and up 67.62 % from last year same quarter Total Income of Rs 3742.60 Crore. Company has reported net profit after tax of Rs 243.18 Crore in latest quarter.

The company’s top management includes Mr.S C Mudgerikar, Ms.Nazhat J Shaikh, Mr.Milind M Deo, Mrs.Shashi Bala Bharti, Mr.Chandra Bhushan Pandey, Mr.Gopinathan Nair Anilkumar, Ms.Aneeta C Meshram. Company has M M Nissim & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 55 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 75 per cent stake in the company as of 31-Dec-2022, while FIIs owned 2.97 per cent, DIIs 1.13 per cent.