Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’
The Co has proposed to set up a 20 MW gas-based power plant with Gas turbine along with Heat recovery by steam generation. It is expected to be funded through the sale of vacant Land in Guindy and Manali and the rest through internal accruals
The Co has changed feedstock from Naptha to RLNG which has resulted in reduction in the cost of production of urea.
The Co is concentrating on product diversification under which two new projects have emerged which are under the study of technical feasibility and financial viability.
Market Cap 1,216 Cr. Stock P/E 6.56 Industry P/E 10.2 ROCE 26.8 % EPS 11.5 EPS preceding year 10.1
Trade active
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Comment
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Nothing to worry as long as it stays true to the ascending channel. The trend continues to remain positive for now.
Comment
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Bullish Divergence spotted at a strong support zone as well as moving in an ascending channel.