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Last Updated : Sep 18, 2018 01:40 PM IST | Source:

Buy Bharat Agri Fert and Realty; target of Rs 490: Equity99

Equity99 is bullish on Bharat Agri Fert and Realty has recommended buy rating on the stock with a target price of Rs 490 in its research report dated August 08, 2018.

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Equity99's research report on Bharat Agri Fert and Realty

Bharat Agri has been a fertilizer player (Single Super Phosphate) since inception. With a total installed capacity of 132,000 MT, the manufacturing factory is located in Wada, Palghar on company's owned land parcel of 18.36 acres. This business contributed ~60% of the revenue last year ie Rs 20.1 cr with negative operating margin of 6.5% mainly due to GST led issues and government policy changes last year. The plant operated at 40% capacity utilization during FY18.


We recommend a strong buy from short term as well as long term point of view due to multiple triggers.

For all recommendations report, click here

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First Published on Aug 13, 2018 12:43 pm
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