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NFL Stock Review - Part 2

National Fertilizers Limited

Stock Info-

  • CMP- 36.20 (on NSE)
  • Market Cap.- 17.76 Billion
  • EPS- 6.08 which previously 4.34
  • P\E Ratio- 8.94
  • 1 Week Returns- 3.13%
  • 1 Month Returns- 1.70%
  • 1 Year Returns-   -25.28%
  • 52 week High- 51.80
  • 52 week Low- 30.70
  • Face value- 10.00
  • Target of 1 Month- 45 Rupees
  • Target of 6 Months- 57 Rupees



Share Capital details as on 31.03.2019. 
Authorized capital : Rs. 1,000.00 crore. 
Paid up capital : Rs. 490.58 crore. 
Net-worth : Rs. 2,219.02 crore.

Current updates about company

  • Riding on the Highest-ever Total Fertilizer Sale and Urea production, NFL has reported a profit (PBT) of Rs.463 crore in 2018-19, which is highest ever in the history of the company.
  • The profit after tax (PAT) of the company also rose to Rs.298 crore during the period, up by 40% from Rs.213 crore in previous year.
  • This year, 20% of turnover was contributed by non-urea products (other than manufactured urea)
  • During the year, the Company recorded highest-ever Urea production of 38.59 Lakh MT
  • The finest financial performance of the company during the year could be possible through sustained & energy efficient operation of its plants and undertaking several strategic initiatives in last three years such as import of fertilizers on larger scale, commencement of Seeds Multiplication Program, trading of agrochemicals of different molecules under company’s own brand and commissioning of Bentonite Sulphur Plant at Panipat Unit.  


Next Agenda

National Fertilizers Limited (NFL) has signed Memorandum of Understanding (MoU) with Department of Fertilizers, Government of India, for the financial year 2019-20. Under the MoU, the company has been given a target of sales turnover of Rs.13,500 crore, which is 10% higher than the previous year.




Financial Performance 




Sales



EBITDA







Projects and other Activities status

 Commercial production of Bentonite Sulphur Plant at Panipat with annual capacity of 25000 MT declared w.e.f. 20.09.2018. 

 Company has contributed Rs. 273.69 crore towards equity in its JV Company (RFCL) out of total requirement Rs. 396 crore. 


 Term loan has been signed with SBI on 24th December, 2018 for Rs. 1044 crore for Energy Saving and other capex of all units and Rs. 219 crore drawn upto 31st March 2019. 


 Energy saving scheme at Nangal, Bathinda and Panipat units at an estimated cost of ~ Rs. 675 crore has been taken up and likely to be completed by 30.11.2019. 


 Energy saving schemes at Vijaipur I & II with capex of Rs. 235 crore. TEFR finalized and different Capex schemes are under execution at units. 


 Company issued tender for System Integrator for implementation of ERP which is likely to be completed in 2020-21. 


 Company has entered into a manpower management consultancy agreement with RFCL where in the company shall provide manpower management consultancy to RFCL for a period of 5 years which will include recruitment and training of manpower for RFCL. 


 Hyderabad Zonal office of marketing has become fully operational w.e.f. 01.04.2019. 


 Seed processing plant at 3 locations i.e. Panipat, Bathinda & Indore with capacity of 2 TPH (Tone Per Hour) for each plant are being set up. 


 New products being procured for trading like Calcium Nitrate and Water Soluble Fertilizers.


 Setting up of Agro-chemical manufacturing facility at Bathinda plant.




-Mayur Jagtap









http://www.nationalfertilizers.com/images/pdf/investorsdesk/NFL%20Q4%202018-2019%20RESULTS%20PRESENTATION.pdf

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