Indian Phosphate Limited, founded in 1998, specializes in the production of Linear Alkyl Benzene Sulfonic Acid (LABSA 90%), an anionic surfactant widely utilized in the formulation of various cleaning products, including washing powders, cakes, toilet cleaners, and liquid detergents.
Additionally, the company produces “Single Super Phosphate” (SSP) and “Granules Single Super Phosphate” (GSSP), which are available in both powder and granule forms, adhering to the Fertilizer Control Regulation of India and enriched with Zinc and Boron.
The manufacturing facility is situated in the Girwa district of Udaipur, Rajasthan, strategically located near essential raw materials: (a) 98% sulphuric acid and (b) rock phosphate, both critical for product manufacturing. The other key raw material, linear alkyl benzene (LAB), is procured from IOCL in Vadodara, Nirma Ltd in Vadodara, and Reliance Industries Ltd in Patalganga.
Indian Phosphate Limited operates in several major states, including Punjab, Bihar, Gujarat, Haryana, Madhya Pradesh, Maharashtra, Rajasthan, Uttar Pradesh, Himachal Pradesh, West Bengal, and Uttarakhand
For year/ period ended (Rs. in Cr.)
| H1FY24 | FY23 | FY22 | |
|---|---|---|---|
| Total Revenue | 706.26 | 770.93 | 558.39 |
| Profit After Tax | 13.47 | 16.60 | 16.17 |
| EPS | 7.41 | 9.13 | 8.89 |
| OPM (%) | 3.27% | 3.22% | 4.24% |
| PATM (%) | 1.91% | 2.15% | 2.90% |
For year/ period ended ( in Cr.)
| Company Name | Market Cap (Cr.) | Price | P/BV | P/E | Sales (Cr.) FY23 |
Net Profits(Cr.) FY23 |
|---|---|---|---|---|---|---|
The company is a niche player in LABSA and Super Phosphate. The company’s revenue grew at CAGR of 8.15% in last three year. However the company’s bottom-line get affected by raw material and Finance Cost. Considering this and Post issue, the company would be able to expand manufacturing facility. So, we recommend to subscribe for long term.
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