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Espresso shot of the day – Rashtriya Chemicals and Fertilizers Ltd up by 19.93 percent)

Espresso shot of the day – Rashtriya Chemicals and Fertilizers Ltd up by 19.93 percent

February 25, 2021

RASHTRIYA CHEMICALS & FERTILIZERS LTD 67.70 (+19.93 %)  BSE – INE027A01015 | 25TH FEB 2021


Rashtriya Chemicals & Fertilizers Limited (RCF), a “Mini-Ratna”, is a leading fertilizers and chemicals manufacturing company with about 75% of its equity held by the Government of India. 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.  It produces around 24.0 lakhs MT Urea, 5.0 lakhs MT Complex fertilizers and 4.5 lakhs MT of Industrial Chemicals every year. The company is a household name in rural India with brands “Ujjwala” (Urea) and “Suphala” (Complex Fertilizers) which carry a high brand equity.  RCF has countrywide marketing network in all major states.  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.

Recent Drivers

  • Net profit of Rashtriya Chemicals & Fertilizers Limited rose 25.87% to Rs 98.71 crores in the quarter ended December 2020 as against Rs 78.42 crores during the previous quarter ended December 2019.
  • EBITDA of Rashtriya Chemicals & Fertilizers Limited stands at Rs 227.26 crores in December 2020 up 121.41% from Rs 102.64 crores in December 2019.
  • Rashtriya Chemicals & Fertilizers Limited announced that ICRA has revised the credit rating for the debt facilities of the company as under- Bank facilities (Rs 5100 crores) - ICRA AA-; Positive, Non convertible debentures (Rs 500 crores) - ICRA AA-, Commercial paper programme (Rs 3000 crores) - ICRA A1+ (reaffirmed)
  • Rashtriya Chemicals & Fertilizers Limited paid a dividend of Rs 117.51 crores to the government for the 2019-20 fiscal and an interim dividend of Rs 49.65 crore for the current financial year. The total dividend paid amounts to Rs 167.16 crore.
 (Sources: The Economic Times, Business Standard, MoneyControl)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 11.25%
  • Traded on new 52- week high 67.70
  • Touched upper circuit today 67.70
  • Spurt in volume by more than 8.57 times compares to previous vol. 3 months avg qty – 3,35,121
  • Stock price has jumped more than 180% from one year low level – 22.05 25 March 2020
  • Daily RSI (14) is in overbought territory , RSI central line crossed above central line 1 periods ago
  • 52 -week high – 67.70 | 52- week low- 22.05

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

105.97

82.88

68.22

45.13

30.47

7.38

-

-

Fibonacci Pivot

82.88

68.46

59.55

53.82

45.13

36.45

30.71

21.80

7.38


Today’s Close

67.70

SMA

BSE

10 DAY

55.49

20 DAY

55.15

50 DAY

54.65

200 DAY

48.43

Some Key Ratios (Source: BSE)

Market Cap: 3,734.93 crores

PE: 8.57

OPM%: 9.21

ROE%: 11.00

Prev. Close: 56.45

*Chart And Technical Force data taken 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.