Nagarjuna Fertilizers & Chemicals Limited
Add to watch list to get report alerts
BSE Code:
500075
NSE Code:
NAGARFERT
Business Profile
Business Profile
Nagarjuna Fertilisers & Chemicals (NFCL) is the flagship company of the Nagarjuna Group with an asset base of around Rs 21 billion. It is the largest private sector investment in the south and the first gas-based fertilizer plant in the region. The company primarily deals in urea and sells other fertilizers on a selective basis. NFCL is into manufacturing and supplying of plant nutrients in India. The company is being operated through three strategic business units - Straight Nutrition Business, Nutrition Solutions Business and Nagarjuna Management Services.
NFCL witnessed increased market share for urea in Andhra Pradesh (51%), West Bengal (35%) and a major market share in Orissa (46%). The company`s annual installed capacity stands at 20.51 million MT of urea in India. It also imports from Oman Indian Fertilizers, which has a production capacity of 1.65 million MT per annum of urea. It has invested in various subsidiaries namely Nagarjuna Oil Corporation, Nagarjuna Power Corporation and Jaiprakash Engineering and Steel Company.
NFCL plans to leverage its soft assets, provide consultancy and development services in areas of fertilizer operations and supply chain management. The company is exploring plans to revamp its plants and increase its production capacity and/or diversify the product mix in future, while continuing to focus on businesses like specialty fertilizers and micro-irrigation.
Financials
Nagarjuna Fertilizers & Chemicals registered a steep drop of 88.93% in net profits of Rs 18.60 million for the quarter ended March, 2007 from a profit of Rs 168 million for the quarter ended March, 2006.Net sales for the quarter rose 20.24% to Rs 4,200.30 million for the quarter ended March, 2007 from Rs 3,493.30 million for the quarter ended March, 2006.Total income for the quarter rose 21.30% to Rs 4328.3 million for the quarter ended March, 2007 from Rs 3,568.2 million for the quarter ended March, 2006.The earnings per share (EPS) of the company stood at Rs 0.04 in the quarter ended March, 2007.
Recent Developments
27-APR-07
The board of directors at its meeting has decided to issue 22.50 million equity shares of Rs 10 each to the core promoters of the company subject to the approval of the financial institutions.
02-APR-07
Nagarjuna Power Corp. (NPCL), a company involved with the setting-up of the 1,015 MW power plant at Mangalore, Karnataka, has ceased to be a subsidiary of the company with immediate effect.