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Market Experts Bullish On Rashtriya Chemicals & Fertilizer For Long Term. Here’s Why

Market Experts Bullish On Rashtriya Chemicals & Fertilizer For Long Term. Here’s Why

Sakshi Batra
Sakshi Batra
  • New Delhi,
  • Aug 2, 2024,
  • Updated Aug 2, 2024, 6:09 PM IST

RFC Manufacturing, a major player in India’s fertilizer and industrial chemicals sector, has reported a decline in its financial performance for Q4 FY24. The company markets and sells a variety of fertilizers, including Urea, Biola, Sujala, and Suphala, and provides industrial chemicals such as Nitric Acid, Ammonia, Methanol, Methylamines, Argon, and Nitrogen. Govt owns 75% of In addition to its product offerings, RFC also engages in soil testing and farmer training initiatives. It publishes and distributes the RCF Sheti Patrika and operates agricultural TV programs like Krishi Samruddhichi Gurukilli and RCF Suphala DD Sahyadri Krishi Sanman Puraskar to disseminate agricultural knowledge. In the Previous Financial year, last quarter the company posted revenue fell by 17%, amounting to Rs. 3,879 crore compared to Rs. 4,684 crore in the same period the previous year. Net profit also saw a significant decline of 40%, dropping to Rs. 95 crore from Rs. 159 crore. The total income mirrored the revenue decrease, falling by 17% to Rs. 3,879 crore. The company’s earnings per share (EPS) decreased to Rs. 1.73 from Rs. 2.89 in Q4 FY24. 75% Of Equity Is Held By The Govt. Got 'Navratna' Status In August 2023. Should you invest in this stocks? Will RCF become a Multibagger stock in next 2 to 3 years?

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