Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Rashtriya Chemicals & Fertilizers Ltd. ( (IN:RCF) ) has provided an announcement.
Rashtriya Chemicals and Fertilizers Ltd. announced that ICRA has affirmed its non-convertible debentures rating at ICRA AA with a Stable outlook for an aggregate amount of Rs 1,200 crore, while India Ratings and Research has similarly affirmed its NCDs at IND AA/Stable for Rs 12,000 million, reduced from Rs 17,000 million. The affirmations reflect the company’s strong fertiliser market position in western India, efficient urea operations and healthy capacity utilisation at its Thal and Trombay plants, as well as its strategic importance to India’s urea supplies and its planned Rs 23 billion capex on energy efficiency and NPK capacity, plus additional equity commitments to the Talcher Fertilizers joint venture, to be funded through a mix of internal accruals and debt.
The rating agencies also factor in RCF’s diversified revenue mix, with the bulk generated from fertilisers, followed by fertiliser trading and industrial chemicals, and the ongoing benefits from energy-efficiency upgrades that keep plant performance better than normative benchmarks. These developments indicate that despite sizeable upcoming capex and JV equity outflows, RCF’s credit profile remains robust, supporting its role in domestic fertiliser production and providing comfort to bondholders and other stakeholders about its funding and expansion plans.
More about Rashtriya Chemicals & Fertilizers Ltd.
Rashtriya Chemicals and Fertilizers Ltd. is a government-owned Indian company operating in the fertiliser and industrial chemicals sector, with a strong market presence in western India. Its core portfolio spans urea, complex NPK fertilisers, traded fertilisers and industrial chemicals, supported by major manufacturing plants at Thal and Trombay and stakes in several joint ventures.
Average Trading Volume: 139,566
Technical Sentiment Signal: Hold
Current Market Cap: 72B INR
For a thorough assessment of RCF stock, go to TipRanks’ Stock Analysis page.