PPL’s EV/EBITDA multiple of 5.6x is at a significant discount to its closest peer, Coromandel International, and closer to GSFC, which trails PPL in terms of return ratios by a margin.
Domestic fertilisers consumption is expected to remain under pressure as sluggish monsoon this year is likely to hit crop production. Further, increase in natural gas price is a new concern for the industry players, says Indira Securities.
Kapil Mehan, MD of Coromandel International, in an interview with CNBC-TV18’s Udayan Mukherjee, said that the difficulty arose due to advisory clause introduced along the notification issued in 2011-12.
Realisations have been picking up off-late due to which the volume of sale of single super phosphate (SSP) has picked up. RR Dhanani, MD of Liberty Phosphates, in an interview with CNBC-TV18’s Sonia Shenoy and Reema Tendulkar, spoke about the latest happenings in his company and the road ahead.