Invested in Sundaram Rural India Funds
Can anybody give some feed back on Bharat rasayan ltd they have grown at more than 25% on 5 yr CAGR basis in revenue and > 30% CAGR on profit and ROCE > 29% and ROE > 25% and promoter holding 74%
I am not very good in agro chemical sector so can somebody check this out please
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Big change at the policy level is that due to the new government initiative, cash from subsidy will be directly available to the farmer via his bank account, so no cuts for the agents or middle men. Expect $11.5 billion to be available to farmers over next 3 years. Effects of excessive usage of Urea has been visible, this had lead to realization in importance of right usage of fertilizers i.e more of phosphate based fertilizers. With price gap between Urea and Phosphate variants to reduce & more disposable cash to farmers, who are now backed by the crop insurance scheme, one can except phosphate fertilizer sales to increase provided monsoons don’t play spoilsport. Coromandel Intl is at 70% capacity utilization at the moment & 60% market share. So it could be a beneficiary of this. Despite the mini-rally seen in fertilizer stocks, the is stock is available at at 18 PE currently & 15.5 forward PE
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Good input Rushild. Appreciate your good work towards adding value to this forum.