Espresso Shot of the Day - Rashtriya Chemicals and Fertilizers Ltd up by 7.03 percent

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Espresso Shot of the Day - Rashtriya Chemicals and Fertilizers Ltd up by 7.03 percent

April 04, 2022
Espresso Shot of the Day - Rashtriya Chemicals and Fertilizers Ltd up by 7.03 percent

RASHTRIYA CHEMICALS & FERTILIZERS LTD 101.25  (+7.03%) BSE – INE027A01015 | 4THAPRIL 2022


Rashtriya Chemicals and Fertilizers Limited (RCFL) is a leading fertilizers and chemicals manufacturing company. About 75% of its equity is held by the Government of India. The company has been accorded the coveted “Miniratna” status in 1997. It has two operating units, one at Trombay in Mumbai and the other at Thal, Raigad district, about 100 KM from Mumbai. RCF manufactures Urea, Complex Fertilizers, Bio-fertilizers, Micro-nutrients, 100 per cent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals. The “Ujjwala (Urea) and “Suphala”(Complex fertilizer) brands of fertilizers manufactured by RCF carry high brand equity and are recognized brands all over the country.  These products are taken to the farthest corner of the country by an extensive RCF dealer network spread throughout the country.  Besides fertilizer products, RCF also produces a large number of industrial chemicals that are important for the manufacture of dyes, solvents, leather, pharmaceuticals and a host of other industrial products. Both the manufacturing units of RCF are accredited with ISO 9001 (Quality Management System), ISO 14001 (Environmental Management System), ISO 45001 (Occupational Health and Safety), ISO 50001: 2011 (Energy Management System) and ISO 27001 (Information Security Management). RCF has been performing well for the last several years and is one of the few PSUs which have been posting profits consistently. Sustainability is at the heart of RCF, and they have continuously endeavored to incorporate sustainability in every aspect of their functioning. RCF presently is self-reliant in meeting its requirement of the precious resources of Water and Electricity.


Recent Drivers

  • On Mar 07, 2022, Prof. Anil Kumar Singh and Dr. Shambhu Kumar resigned as Independent Directors of the company.
  • On Feb 11, 2022, the company reported Net Sales of Rs.3, 699.21 crores in December 2021, up 80.64% from Rs.2, 047.88 crores in December 2020.
  • On Feb 11, 2022, the company reported a Quarterly Net Profit of Rs.141.61 crores in December 2021, up 44.4% from Rs.98.07 crores in December 2020.
  • On Jan 31, 2022, the company approved and allotted 3,000 Listed, Unsecured, Rated, Redeemable, Taxable, Non-Convertible Bonds in the nature of Debentures aggregating to Rs.300 crores on private placement basis
  • On Jan 07, 2022, the company appointed Ms Nazhat J. Shaikh as Chief Financial Officer of the Company
  • On Dec 17, 2021, the company received approval from the Department of Fertilizers (DOF) for setting up an NPK plant.
 (Sources: BSE, Moneycontrol, Business Standard)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.30%
  • Traded on new 52 week high value 102.60
  • Spurt in volume by more than 2.21 times compare to previous vol. 3 months avg. volume: 679,521
  • Quantity traded: 38, 35,649 | Deliverable Quantity: 5, 60,772 (14.62%)
  • Stock price has jumped by more than 50% from a one-year low level: 66.45 (Nov 29, 2021)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 102.60 | 52-week-low: 66.45


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

148.78

124.47

100.33

76.02

51.88

27.57

3.43

    -

Fibonacci Pivot

124.47

105.96

94.52

87.16

76.02

64.87

57.51

46.07

27.57


Today’s Close

101.25

SMA

BSE

10 DAY

87.60

20 DAY

82.65

50 DAY

78.52

200 DAY

78.46


Some Key Ratios (Source: BSE)

Market Cap: 5,585.84 Crores

PE: 8.97

OPM%: 7.20

ROE%: 17.01

Promoters holding%: 75.00

Prev. Close: 94.60


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.