Rashtriya Chemicals Breaking from the consolidation
Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with a 75% stake owned by GOI. The company is engaged in the manufacturing and marketing of fertilizers and industrial chemicals The company has reduced debt. Stock is providing a good dividend yield of 3.15%. The company is expected to give a good quarter The company has been maintaining a healthy dividend payout of 50.47% Debtor days have improved from 140.73 to 63.89 days. The company has delivered a poor sales growth of 0.10% over the past five years. The company has had a low return on equity of 8.20% for the last 3 years. Contingent liabilities of Rs.1797.74 Cr. The company might be capitalizing on the interest cost Earnings include another income of Rs.289.37 Cr. Technically it had created a Darvas box with volume, trade only on your DUE DILIGENCE