Multibagger Alert: This fertilizer manufacturer has given phenomenal returns of 303.1 per cent in a year!

Khaitan Chemicals & Fertilizers Ltd has been awarded the 'Best Environment Protection Award for Single Super Phosphate Plant' by the Fertilizer Association of India

Khaitan Chemicals and Fertilizers Limited manufacturer of single super phosphate, sulphuric acid and soya oil has given investors stellar returns of 303.1 per cent over the last year. The share price of the company stood at Rs 23.95 on February 22, 2021, and since then, it has increased investor wealth by more than four times.

The company is engaged in the manufacturing and selling of single super phosphate and sulphuric acid, processing of oilseed (mainly soybean) and crude edible oil, selling of de-oiled cake and crude/refined oil and generation and selling of wind power. The company also manufactures Oleum 65 per cent, Oleum 25 per cent and Liquid SO3, which are used as intermediate products for the manufacture of dyes and chemicals and also used as sulphating and sulfonating agents, as a dehydrating agent in nitrations, petroleum refining and laboratory reagent. 

The company has recently published their Q3FY22 results. In Q3FY22, revenue grew by 154.59 per cent YoY to Rs 273.1 crore from Rs 107.27 crore in Q3FY21. On a sequential basis, the top-line was up by 25.8 per cent. PBIDT (Ex OI) was reported at Rs 45.24 crore, up by 184.23 per cent as compared to the year-ago period and the corresponding margin was reported at 16.57 per cent, expanding by 173 basis points YoY. PAT was reported at Rs 28.98 crore, up by 319.63 per cent from Rs 6.91 crore in the same quarter for the previous fiscal year. The PAT margin stood at 10.61 per cent in Q3FY22 expanding from 6.44 per cent in Q3FY21. 

Recently, Khaitan Chemicals & Fertilizers Ltd has been awarded the 'Best Environment Protection Award for Single Super Phosphate Plant' by the Fertilizer Association of India (FAI) at Delhi for its Plant situated at Nimrani (Madhya Pradesh). 

At 1:09 pm on Tuesday, the stock of Khaitan Chemicals and Fertilizers Limited was seen trading at Rs 94.60, down by 4.78 per cent or Rs 4.18 per share. The 52-week high of the scrip is recorded at Rs 129.6 and the 52-week low at Rs 20.4 on the BSE.