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

News: Madras Fertilizers, a prominent player in the fertilizers industry, is all set to announce its Q3 (third quarter) results for 2024. Investors and stakeholders eagerly await this update to gauge the company’s financial health and performance. In this article, we’ll delve into the essential details you need to know about Madras Fertilizers’ Q3 results.

Date and Time of Announcement

The official announcement of Madras Fertilizers’ Q3 results is scheduled for February 14, 2024. Mark your calendars! On this day, the company will reveal crucial information about its revenue, profits, expenses, and other financial metrics.

Share Price Insights

As of February 12, 2024, Madras Fertilizers’ share price stood at Rs 97.95. However, it’s essential to keep an eye on any fluctuations leading up to the Q3 results. Investors should closely monitor the stock performance to make informed decisions.

Key Metrics

Let’s break down some key metrics related to Madras Fertilizers:

• Price-to-Earnings (PE) Ratio: The current PE ratio is 25.43. This ratio helps investors assess whether the stock is overvalued or undervalued.
• Earnings per Share (EPS): The trailing twelve months (TTM) EPS is ₹4.18. EPS reflects the company’s profitability per outstanding share.
• Market Capitalization (MCap): Madras Fertilizers’ MCap stands at ₹1,721.37 crore. This figure represents the total market value of the company’s outstanding shares.
• Dividend Yield: Currently, the dividend yield is 0.00%. Dividend yield indicates the return on investment through dividends.
• Beta: Madras Fertilizers’ beta indicates its sensitivity to market movements. Over the past year, the beta has been 1.59.

Recent News and Analysis

Madras Fertilizers has been in the spotlight recently. Here are some noteworthy updates:

• The company reported a negative Return on Equity (ROE) for three consecutive years. Investors should closely examine the reasons behind this trend.
• Madras Fertilizers’ annual revenue growth of 48.31% outperformed its three-year Compound Annual Growth Rate (CAGR) of 38.6%. This signals robust business expansion.
• The company allocated 2.27% of its operating revenues toward interest expenses and 3.06% toward employee costs in the fiscal year ending March 31, 2023. Efficient cost management is crucial for sustained profitability.

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About Madras Fertilizers Limited :

Madras Fertilizers Limited (MFL) is an Indian public sector undertaking that plays a significant role in the fertilizers industry. Let’s explore some key information about this company:

1. Background and Location

• Incorporation Date: MFL was incorporated on December 8, 1966 as a joint venture between the Government of India (GOI) and AMOCO India.
• Location: The company is situated at Manali, near Chennai in Tamil Nadu, South India .

2. Core Activities

MFL is engaged in the manufacture of:

• Ammonia
• Urea
• Complex fertilizers

3. Mission and Vision

Mission:

MFL aims to achieve the following objectives:

• Upgrading existing vintage equipment to enhance reliability and energy efficiency.
• Maximizing production of cost-effective complex fertilizers.
• Strengthening the flagship brand “VIJAY” through aggressive marketing.
• Generating additional revenue by optimizing available resources.

Vision:

MFL aspires to become a leader in the fertilizer industry. It is committed to producing and marketing high-quality fertilizers, agrochemicals, and other eco-friendly products that cater to the needs of the farming community. The company strives for world-class efficiency in its operations .

4. The latest changes

• In 2019, MFL successfully completed the feedstock conversion from Naphtha to RLNG (Re-Gasified Liquefied Natural Gas) .
• The company continues to contribute to environmental sustainability by removing and converting CO2 emissions into urea fertilizer.

As Madras Fertilizers prepares to unveil its Q3 results, investors should stay informed and analyze the data carefully. Whether you’re a seasoned investor or a curious observer, these insights will help you navigate the financial landscape.

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