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.
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
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.