Scripscan:National Fertilizer Ltd
cmp:76
Code:523630
Story:In fy11 the company achieved turnover of 5791 crore (previous year 5091 crore).The profit before tax was ` 203.92 crore (previous year ` 259.95 crore) and profit after tax was ` 138.50 crore (previous year 171.51 crore).The decrease in profit over previous year is mainly due to higher receipt of subsidy arrears during the previous year and decrease in interest income. This has been off set by higher production, lower energy consumption,st and higher sale of Industrial Products. The total borrowings of the company as at 31 March, 2011, stood at ` 613.06 st crore (` 403.16 crore as at 31 March, 2010). The borrowings include long term loan of ` 150 crore to finance the under implementation capital scheme of change over of feed stock from Fuel-oil to Natural Gas at Nangal, Bathinda and Panipat and buyers credit of ` 41.22 crore for Urea capacity enhancement projects at Vijaipur.The company also paid a dividend of 85 paisa.This kinda psu companies would only roar once the disinvest program kicks in.Till that happen the company would remain a market performer.
Friday, January 20, 2012
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