Single-Digit P/E PSU Stock Breaks Records with Skyrocketing Production and Sales; Don't Miss Out!

Stock PE stands at 5.18 and the book value is of Rs 44.6. This stock should be on your radar!   

National Fertilizers Limited (NFL) a Schedule ‘A’ & a Mini Ratna (Category-I) Company, having its registered office at New Delhi was incorporated on August 23, 1974. NFL is engaged in production and marketing of Neem Coated Urea, Bio-Fertilizers (solid & liquid) and other allied Industrial products. It is also engaged in trading of Imported and Domestic Fertilizers, Compost, Seeds and other Agro products.   

On Monday, the stock opened at level of Rs 73.40 and it went on to touch a low of Rs 72.40. However, the stock recovered smartly from the low of the day and ended the day with gain of nearly 3 per cent along with strong volumes.   

The stock has a market cap Rs 3,645 crore and hence, it is categorized under Small-Cap, however, post the market, company issued a press release. In this press release, company mentioned it has its best-ever operational performance by producing 39.35 lakh MT of urea with an overall capacity utilization of 122 per cent during 2022-23 against CPLY of 35.23 lakh MT. The company has also made record production of Industrial Products. 

On sales front, the company achieved total fertilizer sale of over 66.72 lakh MT, which is best-ever sales performance of the company. This also includes the highest ever urea sales of 53.70 LMT. For the first time, NFL has crossed 10 lakh MT mark in terms of sale of P&K fertilizers. The company has also achieved a record sale of its Agrochemical Segment during 2022-23. On industrial products front, the company has recorded best-ever sale during 2022-23, an increase of 39 per cent over the last year.  

Stock PE stands at 5.18 and the book value is of Rs 44.6.   

This stock should be on your radar!