Latest news with #ParadeepPhosphates
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Business Standard
3 days ago
- Business
- Business Standard
Fertiliser stocks rally up to 18%; Deepak, Paradeep hit new highs
Shares of fertiliser companies were in demand and rallied up to 18 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes, in an otherwise weak market. Fertilizers and Chemicals Travancore soared 18 per cent to ₹1,048 apiece, National Fertilizers rallied 9 per cent to ₹109.94, followed by Rashtriya Chemicals and Fertilizers (RCF) (up 8 per cent at ₹164.20), Deepak Fertilisers & Petrochemicals Corporation (8 per cent at ₹1,594.10), Madras Fertilizers (6 per cent at ₹97.45) and Paradeep Phosphates (4 per cent at ₹183.50). Of these, Deepak Fertilisers & Petrochemicals Corporation and Paradeep Phosphates have hit their respective all-time highs today. In comparison, the BSE Sensex was down 0.7 per cent or 552 points at 80,822 at 02:24 PM. The performance of the fertiliser sector remains vulnerable to the vagaries of the monsoon as a sizeable portion of the arable land depends on the monsoons for irrigation. The performance of the fertiliser sector also remains vulnerable to the timely release of subsidies by the Government of India (GoI), as significant delays would increase the working capital borrowings and the associated interest costs. Early monsoon onset The Indian Meteorological Department (IMD) has predicted an early onset of the monsoon along with above-normal rainfall for the 2025 season. The southwest monsoon seasonal rainfall over the country as a whole is likely to be 106 per cent of the Long Period Average (LPA) with a model error of 4 per cent, indicating that above normal rainfall is most likely over the country as a whole during the monsoon season (June to September), 2025, IMD stated. Global triggers Meanwhile, the European Parliament approved a bill to raise tariffs on fertilisers and agricultural imports from Russia and Belarus. According to a CNBC TV18 report, the new policy will gradually increase tariffs on certain fertilisers from the current 6.5 per cent to nearly 100 per cent by 2028, effectively curbing imports from these two major suppliers. Additionally, a 50 per cent duty will be imposed on select agricultural products from the same region. The bill is expected to be enacted in July 2025, with phased implementation over the next three years. This move may potentially redirect global demand towards Indian manufacturers, the report stated. Urea demand remains intact Meanwhile, there is a favourable demand-supply scenario of urea in India. The import dependence for urea remains in the range of 20-25 per cent, given the inadequate domestic capacity. The demand for urea remains intact because of a significant price differential between urea and non-urea fertilisers. The demand is expected to grow at a stable rate of 1-3 per cent in the near to medium term, backed by a healthy monsoon and strong farmer demand, according to rating agency ICRA. According to Elara Capital, Rock phosphate, a key raw material used in the manufacturing of phosphoric acid, has seen a price increase in the range of 10-20 per cent in the past month. This price rise has been across geographies, including Jordan, Morocco, Togo, and Egypt. The increase in rock phosphate price was driven by the rise in the price of phosphoric acid, which was up ~10 per cent to USD 1153/tonne in April vs the last revision of USD 1060 in January. The brokerage firm expects the spread on phosphoric acid production to reduce by 25-30 per cent for manufacturers in India in H1FY26E. Lower backwards integration spread is likely to put pressure on Ebitda of fertiliser companies in H1FY26. A 45 per cent increase in subsidy for phosphate in Nutrient Nutrient-based subsidy (NBS) policy released on 28 March 2025 has led to a 13-17 per cent rise in Di-ammonium Phosphate (DAP) prices for imports into India. An increase in DAP prices led to a 10 per cent surge in the price of phosphoric acid, which has further led to a rise in the price of rock phosphate. Fertiliser inventory in India at the end of FY25 for both phosphatic & potassic fertiliser (P&K) and urea is at its second lowest level in the past six years (Source: Department of Fertiliser). P&K closing inventory stood at 4.3mn tonnes in FY25, which is the second-lowest during FY20- 25. Within this, DAP inventory stood at 0.9mn tonnes, the second-lowest level in the past six years. Urea inventory, yet again, was at the second-lowest level in the past six years, at a comfortable 5.6mn tonnes, the brokerage firm said in a sector report.
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Business Standard
28-05-2025
- Business
- Business Standard
These 13 stocks from BSE Smallcap index zoom over 100% from 3-month lows
Shares of smallcap companies were in focus, with the BSE Smallcap index outperforming the market by gaining nearly 1 per cent after a sharp rally in private defence, capital goods and public sector undertakings (PSUs). At 02:31 PM; the BSE Smallcap index, top gainer among broader indices, was up 0.54 per cent at 52,146. In comparison, the BSE Sensex was down 0.19 per cent, while the BSE Midcap index traded flat. The BSE Smallcap index has bounced back 27 per cent from its 52-week low of 41,013.68 touched on May 7, 2025. The index had hit a 52-week high of 57,827.69 on December 12, 2024. A total of 18 stocks from the BSE Smallcap index including the likes of - Eris Lifesciences, Apollo Micro Systems, Force Motors, Paradeep Phosphates, India Glycols, EID Parry and Hitachi Energy India have hit their respective all-time highs on the BSE in intra-day trade on Wednesday. Ravindra Energy, Precision Camshafts, Apollo Micro Systems, IFCI, Techno Electric & Engineering Company, MMTC, Unimech Aerospace and Manufacturing and Triveni Engineering & Industries rallied between 10 per cent and 20 per cent. Meanwhile, share prices of 13 stocks from the BSE Smallcap index have more-than- doubled from their respective three-month lows. Of these six stocks, Garden Reach Shipbuilders Engineers (GRSE), NIBE, Bharat Dynamics (BDL), Data Patterns (India), Paras Defence and Space Technologies and Astra Microwave Products are from the aerospace & defence sector. Recent geopolitical developments - particularly the India-Pakistan conflict - have further accelerated demand for indigenous defence solutions. Several of the defence companies systems were successfully tested and demonstrated during this period, generating major interest and engagement across the defence value chain. Paradeep Phosphates and Mangalore Chemicals & Fertilizers from fertiliser sector, Centum Electronics, NACL Industries, Cupid and Cosmo First were the other stocks that have seen their market price more-than-double from their three-month low price. Among individual stocks, GRSE hit a new high of ₹2,944, gaining 5 per cent on the BSE in intra-day trade today. The stock price of PSU defence company has zoomed 150 per cent from its three-month low of ₹1,180.10 touched on March 4, 2025. In the March 2025 quarter (Q4FY25), GRSE's revenue from operations moved up from ₹1,015 crore to ₹1,642 crore, registering a growth of 62 per cent. EBITDA has moved up from ₹166 crore to ₹335 crore registering a growth of 101 per cent and the profit after tax, moved up from ₹114 crore to ₹244 crore, registering a 118 per cent growth. This has been backed by a very strong physical performance, supported by an efficient and effective treasury management system, the management said. As on March 31, 2025, the company's order book stood at ₹22,652 crore. And despite strong revenue accrual to the tune of nearly ₹5,000 crore, the management said the company managed to maintain the order book at ₹22,680 crore as on March 31, 2025. This comprises nine projects, consisting of 40 platforms, including 16 warships for the Indian Navy from 4 projects, three P-17 Alpha Frigates, 7 Anti-Submarine Shallow Watercraft, 2 Survey Vessels Large and 4 Next Generation Offshore Patrol Vessels. Meanwhile, the share price of Apollo Micro Systems hit a new high of ₹183.60, soaring 18 per cent on the BSE in Tuesday's intra-day trade amid heavy volumes, in an otherwise subdued market, after the company received export order worth of ₹114 crore. In the past two trading days, the stock price of this smallcap aerospace & defence company has zoomed 32 per cent. Thus far in the month of May 2025, it has rallied 57 per cent. Apollo Micro Systems informed stock exchanges that in the ordinary course of its business, the company has received an export order valued at $13,366,500 (equivalent to approximately ₹113.81 crore) for the development of an Avionic System.
Economic Times
13-05-2025
- Business
- Economic Times
JM Financial maintains Buy on Paradeep Phosphates, raises target price to Rs 160
JM Financial has maintained a buy call on Paradeep Phosphates with a revised target price of Rs 160 (Rs 145 earlier). The current market price of Paradeep Phosphates is Rs 148.55. The time period given by the analyst is a year when Paradeep Phosphates price can reach the defined target. ADVERTISEMENT Paradeep Phosphates, incorporated in 1981, is a Small Cap company wiht a market cap of Rs 12044.73 crore, operating in the Fertilisers sector. Paradeep Phosphates' key products/revenue segments include Subsidy, Fertilisers, Scrap for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3536.15 crore, down -14.59% from last quarter Total Income of Rs 4140.07 crore and up 55.59% from last year same quarter Total Income of Rs 2272.77 crore. The company has reported net profit after tax of Rs 160.03 crore in the latest quarter. The company's top management includes Kumar Poddar, Mr.N Suresh Krishnan, Lotfi Senhadji, Mohamed, Menon, Mishra, Chatterji, Panda. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 82 crore shares outstanding. Investment Rationale ADVERTISEMENT On a full year basis, Paradeep Phosphates achieved its overall sales volume (including trading) guidance of 3MMT by FY25 (ahead of its guidance of FY26). To continue its 5-7% p.a. volume growth ambition over the next 2-3 years, it is in the process of debottlenecking its capacities by ~5-7%. Going forward, JM Financial believes that the company will be able to continue showing robust volume growth owing to a favourable monsoon. As a result, they expect Paradeep to register ~7% volume growth CAGR over FY25-28E. Further, i) benefits from phosphoric backward integration, ii) Goa energy efficiency project, and iii) NPK volume as % of overall volume increasing to ~73%, will likely lead to EBITDA/kg inching up to ~INR 5/kg in FY27E from INR 4.1/kg in FY25. Factoring this, the brokerage raises its FY26/27 EBITDA and EPS estimates by 7-10%. They expect Paradeep to register 14%/19% EBITDA/EPS CAGR over FY25-28E. They maintain BUY with a revised Mar'26 target price of Rs 160/share (based on 9x Mar'27E EBITDA, ~10% discount to Coromandel's fertiliser business).Promoter/FII Holdings Promoters held 56.05 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.17 per cent, DIIs 24.43 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
13-05-2025
- Business
- Time of India
JM Financial maintains Buy on Paradeep Phosphates, raises target price to Rs 160
JM Financial has maintained a buy call on Paradeep Phosphates with a revised target price of Rs 160 (Rs 145 earlier). The current market price of Paradeep Phosphates is Rs 148.55. The time period given by the analyst is a year when Paradeep Phosphates price can reach the defined target. Paradeep Phosphates, incorporated in 1981, is a Small Cap company wiht a market cap of Rs 12044.73 crore, operating in the Fertilisers sector. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Paradeep Phosphates' key products/revenue segments include Subsidy, Fertilisers, Scrap for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3536.15 crore, down -14.59% from last quarter Total Income of Rs 4140.07 crore and up 55.59% from last year same quarter Total Income of Rs 2272.77 crore. The company has reported net profit after tax of Rs 160.03 crore in the latest quarter. The company's top management includes Kumar Poddar, Mr.N Suresh Krishnan, Lotfi Senhadji, Mohamed, Menon, Mishra, Chatterji, Panda. Company has B S R & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 82 crore shares outstanding. Live Events Investment Rationale On a full year basis, Paradeep Phosphates achieved its overall sales volume (including trading) guidance of 3MMT by FY25 (ahead of its guidance of FY26). To continue its 5-7% p.a. volume growth ambition over the next 2-3 years, it is in the process of debottlenecking its capacities by ~5-7%. Going forward, JM Financial believes that the company will be able to continue showing robust volume growth owing to a favourable monsoon. As a result, they expect Paradeep to register ~7% volume growth CAGR over FY25-28E. Further, i) benefits from phosphoric backward integration, ii) Goa energy efficiency project, and iii) NPK volume as % of overall volume increasing to ~73%, will likely lead to EBITDA/kg inching up to ~INR 5/kg in FY27E from INR 4.1/kg in FY25. Factoring this, the brokerage raises its FY26/27 EBITDA and EPS estimates by 7-10%. They expect Paradeep to register 14%/19% EBITDA/EPS CAGR over FY25-28E. They maintain BUY with a revised Mar'26 target price of Rs 160/share (based on 9x Mar'27E EBITDA, ~10% discount to Coromandel's fertiliser business). Promoter/FII Holdings Promoters held 56.05 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.17 per cent, DIIs 24.43 per cent.
Mint
12-05-2025
- Business
- Mint
Up 200% in 2 years! Should you buy this fertilizer stock after 644% jump in Q4 net profit?
Small-cap stocks to buy: Paradeep Phosphates share price extended its winning streak for the second consecutive trading session on Monday (May 12), gaining another 7% to hit the day's high of ₹ 152 apiece. Today's sharp rally in the share price reflects the continued bullish sentiment in recent weeks, even as the broader market witnessed heightened volatility, further exacerbated last week by India-Pakistan trade tensions. As a result, the shares have delivered a massive return of 61% over the last two months, significantly outperforming the Nifty Smallcap 100 index, which returned just 10.42% during the same period. The company reported strong performance in Q4FY25, which beat estimates on account of strong volume growth in an otherwise lean quarter and gross spread expansion due to a favourable product mix. The stock also received a higher target price as a result. For Q4FY25, the company posted a sharp 644% year-on-year jump in consolidated net profit to ₹ 160 crore, aided by a low base. In the December quarter, the company had reported a net profit of ₹ 159 crore. Revenue from operations jumped 56% year-on-year to ₹ 3,494 crore, while EBITDA grew by 119% to ₹ 389 crore, and EBITDA margins expanded by 300 basis points to 10%. For FY25, the company posted a 452% year-on-year surge in profit after tax (PAT), powered by record fertilizer sales of 3.03 million tonnes. Revenue from operations stood at ₹ 13,820 crore, registering a 19% growth over the previous year. EBITDA rose sharply to ₹ 1,367 crore, up 91% year-on-year. On a full-year basis, the company achieved its overall sales volume (including trading) guidance of 3 million metric tons (MMT) by FY25, ahead of its initial FY26 guidance. To continue its 5–7% p.a. volume growth ambition over the next 2–3 years, it is in the process of debottlenecking its capacities by approximately 5–7%. These record sales volumes were underpinned by strategic sourcing, a diversified NPK production mix, focused sales and marketing efforts, and strong fiscal and operational discipline, the company said in its March earnings report. Paradeep Phosphates Ltd. (PPL) is a leading company in India's phosphatic fertilizer industry, with a total production capacity of 3 million metric tons (MT), including 2.6 million MT of phosphates and 0.4 million MT of urea. Following the company's stellar performance in Q4 and for the full fiscal year (FY25), domestic brokerage firm JM Financial revised its target price higher to ₹ 160 apiece, which is the record target price for the stock. The brokerage maintained its 'Buy' rating. The brokerage believes that the company will be able to continue delivering robust volume growth, supported by a favourable monsoon. It expects the company to register a 7% volume growth CAGR over FY25–28E. Benefits from phosphoric acid backwards integration, the Goa energy efficiency project, and an increase in NPK volumes as a percentage of overall volumes to 73% are expected to help EBITDA per kg rise to ₹ 5/kg in FY27E, up from ₹ 4.1/kg in FY25. Factoring this in, JM Financial has raised its FY26/27 EBITDA and EPS estimates by 7–10% and anticipates Paradeep Phosphates to register 14%/19% EBITDA/EPS CAGR over FY25–28E. The company's shares have surged from ₹ 50 to the current trading price of ₹ 152 apiece over the last two years, resulting in a massive gain of 204%. The stock touched a new all-time high of ₹ 153.50 apiece on April 29. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
