Buy Rashtriya Chemicals & Fertilizers, target price Rs 145: Anand Rathi

Anand Rathi has buy call on Rashtriya Chemicals & Fertilizers with a target price of Rs 145. The current market price of Rashtriya Chemicals & Fertilizers is Rs 103.6.

Time period given by analyst is 3 months when Rashtriya Chemicals & Fertilizers Ltd. price can reach defined target.
Rashtriya Chemicals & Fertilizers Ltd., incorporated in the year 1978, is a Mid Cap company (having a market cap of Rs 5743.07 Crore) operating in Fertilisers sector.


Rashtriya Chemicals & Fertilizers Ltd. key Products/Revenue Segments include Other Operating Revenue, Urea, Suphala 15:15:15, Ammonium Nitrate Melt, Ammonia, Di Ammonium Phosphate (DAP), NPK 20-20-0, Other Industrial Products, Methylamines, Nitric Acid (Diluted), Muriate Of Potash (Trading), NPK ( Sikka ), Others, By Products, Scrap for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3742.60 Crore, up 41.33 % from last quarter Total Income of Rs 2648.10 Crore and up 80.55 % from last year same quarter Total Income of Rs 2072.92 Crore. Company reported net profit after tax of Rs 141.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 75.0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 1.2 per cent, DIIs 0.31 per cent.