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RCF - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.2

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.2

Stock Code RCF Market Cap 7,484 Cr. Current Price 136 ₹ High / Low 167 ₹
Stock P/E 24.2 Book Value 89.3 ₹ Dividend Yield 0.97 % ROCE 7.47 %
ROE 5.00 % Face Value 10.0 ₹ DMA 50 140 ₹ DMA 200 147 ₹
Chg in FII Hold 0.19 % Chg in DII Hold 0.08 % PAT Qtr 106 Cr. PAT Prev Qtr 54.1 Cr.
RSI 47.6 MACD -2.07 Volume 46,58,976 Avg Vol 1Wk 22,93,437
Low price 108 ₹ High price 167 ₹ PEG Ratio -0.89 Debt to equity 0.56
52w Index 47.3 % Qtr Profit Var 34.5 % EPS 5.66 ₹ Industry PE 18.4

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT at ₹106 Cr, up from ₹54.1 Cr, showing strong sequential growth. EPS at ₹5.66 is modest relative to market cap.
  • Margins: ROE at 5.00% and ROCE at 7.47% reflect weak efficiency and profitability compared to peers.
  • Debt Ratios: Debt-to-equity at 0.56 is moderate, manageable but worth monitoring.
  • Cash Flows: Profitability recovery supports cash flows, though margins remain thin.

💹 Valuation Indicators

  • P/E Ratio: 24.2, higher than industry average of 18.4, suggesting premium valuation.
  • P/B Ratio: Current price ₹136 vs. book value ₹89.3 → ~1.52x, fairly reasonable relative to assets.
  • PEG Ratio: -0.89, negative, reflecting weak growth-adjusted valuation.
  • Intrinsic Value: Current valuation appears slightly above intrinsic worth, offering limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Rashtriya Chemicals and Fertilizers (RCF) operates in fertilizers and chemicals, serving agriculture and industrial sectors.
  • Competitive advantage lies in government backing, established distribution network, and diversified product portfolio.
  • Business model benefits from agricultural demand cycles and government subsidies, but profitability remains cyclical.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹120 – ₹130, near DMA200 and support levels.
  • Long-Term Holding: Suitable for investors seeking exposure to agriculture and chemicals, though efficiency ratios are weak. Best to accumulate on dips.

✅ Positive

  • Quarterly PAT growth from ₹54.1 Cr to ₹106 Cr.
  • FII holding increased (+0.19%) and DII holding increased (+0.08%).
  • Strong 52-week performance with 47.3% gain.

⚠️ Limitation

  • Weak ROE (5.00%) and ROCE (7.47%).
  • Negative PEG ratio (-0.89) indicates poor growth-adjusted valuation.
  • Dividend yield of 0.97% is modest.

📉 Company Negative News

  • Efficiency ratios remain weak despite profit growth.
  • Valuation premium compared to industry average.

📈 Company Positive News

  • Quarterly profit variation of 34.5% highlights strong recovery momentum.
  • Institutional investors increased holdings marginally.
  • Stock has rebounded strongly from 52-week low of ₹108.

🏭 Industry

  • Fertilizer and chemicals sector trades at industry PE of 18.4, lower than RCF’s 24.2, showing premium valuation.
  • Sector growth supported by agricultural demand and government subsidies.

🔎 Conclusion

  • RCF shows strong profit recovery and institutional support but suffers from weak efficiency ratios.
  • Valuation is slightly stretched, limiting near-term upside.
  • Best suited for long-term investors seeking exposure to agriculture and chemicals, with entry around ₹120 – ₹130 offering a reasonable margin of safety.

Would you like me to also prepare a comparative HTML snapshot of RCF versus GNFC to highlight valuation and profitability differences in the fertilizer and chemicals sector?

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