Fertilizer Stocks

The brokerage cites Deepak Fertilisers' leadership in mining & industrial chemicals, strong position in water-soluble fertilisers as drivers of its bullish view

Recent data reveals that West Bengal recorded the highest number of spurious fertiliser cases, followed by Haryana, Odisha, and Punjab, as the government vows strict action

It's the second-most-consumed fertiliser in India after urea but a significant portion is imported

Coromandel International Ltd, part of the diversified conglomerate Murugappa Group, has set a target to double the sulphur manufacturing capacity to 50,000 metric tonne and has opened the second manufacturing plant in Andhra Pradesh in this connection, a top official said. The facility in Visakhapatnam is aimed at ensuring a steady supply of high-quality Bentonite Sulphur fertilisers to the farmers. The production unit is the company's wholly backward integrated facility and produces approximately 12 LMT of complex fertilisers along with Phosphoric and Sulphuric acid. The site also hosts a Sulphur Fertiliser plant with 25,000 MT production capacity. "With the inauguration of this new plant, the company's Sulphur fertiliser capacity is doubled," a company statement here said on Thursday. Coromandel International Ltd Managing Director and CEO S Sankarasubramanian said, "At Coromandel we believe in delivering innovative and sustainable Agri-solutions to the farmers. By continuously ..

Fertiliser companies are set to post healthy earnings growth, driven by volume growth in the Urea biz and sizeable cost savings in producing phosphoric acid for complex fertiliser makers

Union Minister Anupriya Patel on Wednesday said the geopolitical disturbances this year caused disruptions in fertiliser supply chain and also impacted domestic availability of di-ammonium phosphate (DAP), but the government took many steps to overcome challenges of providing nutrients to farmers on time. Addresing an annual seminar of Fertilisers Association of India, Minister of State for Chemicals and Fertilizers Anupriya Patel said India's agricultural sector depends significantly on the import of some of the critical fertilizers like DAP (Di-ammonium phosphate), MoP (Muriate of Potash), NPKs and partially even urea. "And this year, there have been some geopolitical disturbances which led to supply chain disruption and that had an impact on the availability of fertilizers, especially of DAP in the country. But the Department (of fertilizers) rose to the occasion," she said. To overcome this challenge, Patel said the Centre took several proactive measures. "Along with the ...

In the pre-Budget consultations with the finance minister, the agri sector had sought rationalisation of fertiliser subsidies and hike in investment for agricultural research.

Ind-Ra opines the credit profile of fertiliser players will remain comfortable in FY25, driven by the GoI's continued policy-level support to the industry by way of the healthy subsidy budget.

Shares of fertiliser companies have rallied up to 15 per cent so far in June following above normal monsoon forecast for India; here are four stocks that look strong on charts.

Fertiliser cooperative Krishak Bharati Cooperative Ltd's (KRIBHCO) total income jumped 95 per cent to Rs 25,715.07 crore during last fiscal on better sales, and it declared a dividend of 20 per cent. Total income stood at Rs 13,194.50 crore in the previous year. Addressing its 43rd annual general meeting (AGM) here on Thursday, KRIBHCO's Chairman Chandra Pal Singh said the cooperative earned a pre-tax profit of Rs 763.16 crore in 2022-23. The profit before tax stood at Rs 1,493.26 crore in the previous year. The cooperative has declared a dividend of 20 per cent on equity capital for the year and the management has approved Rs 77.68 crore for dividend outgo, Singh said. The annual accounts of the cooperative have been approved by the members in the AGM. Net worth of KRIBHCO increased to Rs 5,128.61 crore last fiscal year from Rs 4,643.10 crore in FY22. "The total membership of KRIBHCO consists of 9,470 cooperative societies. The paid up share capital of the society was Rs 388.62

The country's fertiliser imports rose by 3.9 per cent to 19.04 lakh tonnes in January this year compared to the year-ago period, according to the Fertiliser Ministry data. The country imported 18.33 lakh tonnes of fertilisers during January 2022. According to the latest data, of the total imports of 19.04 lakh tonne, 10.65 lakh tonnes of urea, 5.62 lakh tonnes of Di-ammonium Phosphate (DAP), 1.14 lakh tonnes of Muriate of Potash (MoP) and 1.63 lakh tonnes of complexes were imported. In the same month of the previous year, the country imported 12.48 lakh tonnes of urea, 2.45 lakh tonnes of DAP and 3.40 lakh tonnes of MoP. The quantity of MoP was for both agriculture and industrial use. The domestic fertiliser production during January this year also rose to 39.14 lakh tonnes when compared with 32.16 lakh tonnes in the year-ago period, the data showed. In the international market, there has been a falling trend in fertiliser prices. Urea prices (freight on board) showed a decline o

The management is confident of delivering 20 per cent plus revenue growth with continued improvement in margins and returns.

Why have FPIs turned negative on India? Why does WeWork India CEO think his firm is just scratching the surface? Will urea subsidy boost fertiliser stocks? What is a Santa Claus rally? Answers here

The fall in global fertiliser and natural gas prices are likely to bring respite to fertiliser companies. But Russian export duty on fertiliser may have a trickle-down impact on the Indian industry

Single superphosphate to be included in 'One Nation, One Fertiliser' scheme in the next few months

Both parties plan to execute the formal agreement before the close of this calendar year and the supply arrangement comes into effect from 1st April 2023.

Stocks to Watch on Tuesday: Government may look to privatise PSU fertiliser companies; Adani Group in an attempt to allay fears of being overleveraged, said the firms have reduced debt over the years.

Going forward, higher Agri commodity prices, Government agriculture focus, the expectation of a normal monsoon and higher reservoir levels bodes well for agriculture.

Notwithstanding soaring input costs and supply snags, market has been bullish on fertiliser companies, thanks to the govt's subsidy support. But why are analysts cautious on fertiliser companies?

Select stocks have soared more than 50 per cent in the last one month riding the commodity boom.