Buy Gujarat State Fertilizer & Chemicals, target price Rs 140: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Gujarat State Fertilizer & Chemicals with a target price of Rs 140. The current market price of Gujarat State Fertilizer & Chemicals is Rs 127.8. Prabhudas Lilladher recommended to keep stop loss at Rs 121.

Gujarat State Fertilizer & Chemicals, incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 5084.57 Crore) operating in Fertilisers sector.

Gujarat State Fertilizer & Chemicals Ltd. key Products/Revenue Segments include Fertilizers and Traded Goods for the year ending 31-Mar-2022.


Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 3497.15 Crore, up 36.60 % from last quarter Total Income of Rs 2560.16 Crore and up 29.64 % from last year same quarter Total Income of Rs 2697.58 Crore. Company has reported net profit after tax of Rs 409.93 Crore in latest quarter.

The company’s top management includes Mr.Pankaj Kumar, Mrs.Mamta Verma, Mr.V D Nanavaty, Mr.Jagdish Prasad Gupta, Dr.Sudhir Kumar Jain, Mrs.Gauri Kumar, Mr.Tapan Ray, Prof.Ravindra Dholakia, Mr.Mukesh Puri, Mr.B B Bhayani. Company has T R Chadha & Co. LLP as its auditors. As on 31-03-2023, the company has a total of 40 Crore shares outstanding.

Promoter/FII Holdings
Promoters held 37.84 per cent stake in the company as of 31-Mar-2023, while FIIs owned 21.36 per cent, DIIs 1.62 per cent.