Buy Rashtriya Chemicals & Fertilizers, target price Rs 95.5: HDFC Securities

HDFC Securities has buy call on Rashtriya Chemicals & Fertilizers with a target price of Rs 95.5. The current market price of Rashtriya Chemicals & Fertilizers Ltd. is Rs 84.05. 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 4590.04 Crore) operating in Fertilisers sector.

Rashtriya Chemicals & Fertilizers Ltd. key Products/Revenue Segments include Other Operating Revenue, Urea, Suphala 15:15:15, Di Ammonium Phosphate (DAP), Others, Ammonium Nitrate Melt, Muriate Of Potash (Trading), Ammonia, NPK ( Sikka ), Methylamines, Scrap for the year ending 31-Mar-2020.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2648.10 Crore, up 9.55 % from last quarter Total Income of Rs 2417.26 Crore and up 12.73 % from last year same quarter Total Income of Rs 2349.03 Crore. Company reported net profit after tax of Rs 116.24 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.