Indian Potash Limited Unlisted Shares FY24 Result 1-Minute Analysis: Time to Invest?
Indian Potash Ltd has announced its FY24 results, so let’s take a quick look at them in just a minute!
In FY24, Indian Potash saw a significant 35% drop in revenue, falling from ₹34,010 crore to ₹22,033 crore. This decline mainly occurred due to a 15% fall in sales volume, which went from 6.9 million tonnes down to 5.9 million tonnes. Additionally, cuts in government subsidies and volatility in fertilizer prices also played a big role in this decline. Talking about profits, the company’s consolidated bottom line has also dropped.
But wait! This is a cyclical sector. In the last financial year, many companies in this industry showed either slow growth or even degrowth.
However, one key point to note is that its PE ratio is 7.5, which is significantly undervalued compared to its peers.
Although Indian Potash’s growth may not be extraordinary, we still see potential in it. Compared to its peers, there is a considerable valuation gap, so you might want to consider it as an investment opportunity. Connect with us if you want to invest in Indian Potash Pre IPO Shares.
About Indian Potash Unlisted Shares:
Indian Potash Limited (IPL) is a prominent player in India's fertilizer sector, primarily focused on the import, handling, promotion, and marketing of potash fertilizers. Established in 1955, IPL plays a crucial role in ensuring the availability of essential nutrients for Indian agriculture. The company imports high-quality Muriate of Potash (MOP) and distributes it through a vast network across the country, reaching farmers in diverse regions. IPL's commitment to quality and timely supply contributes significantly to boosting agricultural productivity and enhancing food security in India.
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