Scripscan:Rama Phosphates Ltd
cmp:44
Code:524037
HKG says:Company is in business of Phosphatic fertilizers, consumption of which is increasing the country as same is being competitively priced in the market as compared to other complex fertilizers. Moreover, SSP enahances the fertility of land as it contains additional netrients viz Sulphur and Calcium apart from phosphorous. And recently introduced NBS Policy and decontrolling of P&K Fertilizer sector whichallows freedon to fix reasonably MRP insulates from volatile raw material prices,. The said measure has infused fresh lease of life in SSP industry which hasbrightened prospects of Rama Phosphate and hence the buy recommendation.Rama Phosphates also has requisite infrastructure including surplus land at all the locations which can be readily put on use for expansion. Company has already chalked out expansion plans.Rama Phosphates has already started implementing expansion plans.At Udaipur, production of SSP will ncrease from 1.32 lac tonnes to 1.81 lac tonnes by end of this year.Company is also increasing capacity of GSSP from 0.66 lac tonnes to 1.66 lac tonnes.At Indore, company plans to increase capacity by another 1 lac tonnes.Company has started debottlenecking at Pune facility to increase the capacity further.Rama Phosphates is also putting more efforts to enhance turnover of SOYA Oil division.Full impact of above expansions will be felt from FY13 onwards.
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