Multibagger PSU Fertilizer Stock to Keep on Radar Before Tomorrow's Budget; Stock Rallied Over 10 per cent Today!
The company’s shares have delivered an impressive return of over 105 per cent in just 1 year only.
Rashtriya Chemicals & Fertilizers Ltd is a public sector undertaking (PSU) with a 75 per cent stake owned by the Government of India. The company is involved in the manufacturing and marketing of fertilizers and industrial chemicals. It operates in two business divisions: Industrial and Fertilizers.
At the start of the day's trading session, the stock opened at Rs 214.05 per share, compared to the previous day's closing figure of Rs 213.95 per share on the BSE. Finally, the shares closed at Rs 234.90 per share on the BSE. Today the company’s shares rallied around 10 per cent with heavy volumes. The company's current market capitalization stands at Rs 12967.43 crore, and the stock has generated an impressive multibagger return of over 105 per cent in the past 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, Rashtriya Chemicals & Fertilizers Ltd recorded a revenue of Rs 3880 crore. The operating profit for Q4 FY24 stood at Rs 193 crore. The net profit for Q4 FY24 was Rs 95 crore. Looking at the annual performance, the company generated a revenue of Rs 16981 crore in FY24, compared to Rs 21452 crore in FY23. The operating profit for FY24 was Rs 512 crore, with a net profit of Rs 225 crore.
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Regarding the shareholding pattern, the promoters own 75 per cent of the company and the public or retail investors hold 22.25 per cent. FIIs and DIIs own a 2.40 per cent and 0.35 per cent stake in the company.
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Disclaimer: The article is for informational purposes only and not investment advice.