National Fertilizers Q3 Result 2024: Date and Time, Share Price and Target

News: National Fertilizers Limited (NFL) is a prominent player in the Indian fertilizer industry. As investors eagerly await the company’s third-quarter results for 2024, let’s delve into the key details you need to know.

1. Date and Time of Q3 Results

The eagerly anticipated Q3 results are scheduled to be announced on February 14, 2024. Mark your calendars for this crucial event!

2. Share Price Movement

As of February 12, 2024, NFL’s share price stands at ₹97.95 on the National Stock Exchange (NSE). However, it witnessed a decline of 8.33% from the previous close of ₹106.85. Investors should keep a close eye on any further fluctuations.

3. Performance Metrics

Let’s explore some key performance metrics:

a. Return on Equity (ROE)

• In the fiscal year ending March 31, 2023, NFL outperformed its five-year average with an impressive ROE of 18.03% (compared to the average of 6.59%).

b. Revenue Growth

• NFL’s annual revenue growth of 87.58% has beaten its three-year compound annual growth rate (CAGR) of 30.87%.

c. Financial Expenses

• The company allocated 1.02% of its operating revenues toward interest expenses and 2.23% toward employee costs in the year ending March 31, 2023.

4. Share Price Insights

• The stock last traded at ₹97.95, down from the previous close of ₹106.85.
• Key metrics include a PE ratio of 43.86, EPS (TTM) of ₹2.23, and a market capitalization (MCap) of ₹4,805.22 crore

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About National Fertilizers Company

National Fertilizers Limited (NFL), a Schedule ‘A’ and a Mini Ratna (Category-I) Company, has been a significant player in the Indian fertilizer industry since its incorporation on August 23, 1974. Let’s explore some key details about NFL:

1. Vision and Mission:
   • NFL envisions being a leading Indian company in fertilizers and beyond, with a commitment to all stakeholders.
   • Its mission is to serve the farming community and other customers by ensuring timely supply of fertilizers and other products and services. NFL strives for the highest standards in quality, safety, ethics, professionalism, energy conservation, and ecological responsibility while maximizing returns to stakeholders.
2. Financial Performance (2020-21 and 2021-22):
   • Total Income: ₹11,939.00 crore (2020-21) and ₹15,891.42 crore (2021-22).
   • Profit Before Tax / (Loss): ₹343.46 crore (2020-21) and ₹144.82 crore (2021-22).
   • Net Profit / (Loss): ₹249.63 crore (2020-21) and ₹108.20 crore (2021-22).
   • Net Worth: ₹2,171.44 crore (2020-21) and ₹2,282.00 crore (2021-22).
3. Operational Highlights:
   • NFL operates five gas-based urea manufacturing plants with an annual installed capacity of 35.68 LMT.
   • In the fiscal year 2020-21, NFL produced a total of 37.23 LMT of urea, surpassing its reassessed capacity of 32.31 LMT (overall capacity utilization of 109.1%).
   • The company also engages in marketing its own produced fertilizers, trading RFCL urea, and importing fertilizers through its PAN India dealers’ network.
   • NFL has a Bio-Fertilizers plant at Vijaipur with an annual capacity of 700 MT, producing both solid and liquid bio-fertilizers.
   • Additionally, NFL operates a Bentonite Sulphur plant at its Panipat Unit, producing 17,076 MT of Bentonite Sulphur in 2021-22.
   • The company manufactures ammonia-based industrial products such as nitric acid, ammonium nitrate, sodium nitrate, and nitrite at its Nangal Unit, registering a production of 109,973 MT in 2021-22.
4. Share Price Insights:
   • As of February 12, 2024, NFL’s share price stands at ₹97.95 on the National Stock Exchange (NSE).
   • Key metrics include a PE ratio of 43.86, EPS (TTM) of ₹2.23, and a market capitalization (MCap) of ₹4,805.22 crore

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