LongSector: Fertilizer
Technical
As per Cup pattern formed
All Time high breakout
PE Ratio higher than industry PE
Previous quarter was good
In future fertilizer sector will perform well
MADRASFERT trade ideas
Long Sector: Fertilizer
Technical
Cup pattern formed as per chat
All time high breakout
Fundamental
PE Ratio higher than industry PE ratio
Previous quarter results was good
In future fertilizer sector will perform well
Madras Fertilizers The stock Entry, Target, & Stoploss has plotted in the chart. Do analyse and enter.
MADRASFERTMADRASFERT
Volume support
Breakout resistance
Retest done
This is for educational purpose only.
Madras Fertilizers Ltd
TARGET MENTIONED IN CHART - SL 83
FUNDAMENTALS
Market Cap
₹ 1,666 Cr.
Current Price
₹ 103
High / Low
₹ 108 / 53.2
Stock P/E
24.8
Book Value
₹ -14.2
Dividend Yield
0.00 %
ROCE
27.7 %
ROE
%
Face Value
₹ 10.0
Promoter holding
85.3 %
EPS last year
₹ 11.5
EPS latest quarter
₹ 0.21
Debt
₹ 1,403 Cr.
Pledged percentage
0.00 %
Net CF
₹ 369 Cr.
Price to Cash Flow
2.42
Free Cash Flow
₹ 677 Cr.
Debt to equity
OPM last year
9.64 %
OPM 5Year
6.98 %
Reserves
₹ -390 Cr.
Price to book value
Int Coverage
2.45
PEG Ratio
0.57
Price to Sales
0.63
Sales growth 3Years
38.7 %
Profit Var 3Yrs
51.5 %
When Madras Fertilizer is set to be a quick Riser.Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’
The Co has proposed to set up a 20 MW gas-based power plant with Gas turbine along with Heat recovery by steam generation. It is expected to be funded through the sale of vacant Land in Guindy and Manali and the rest through internal accruals
The Co has changed feedstock from Naptha to RLNG which has resulted in reduction in the cost of production of urea.
The Co is concentrating on product diversification under which two new projects have emerged which are under the study of technical feasibility and financial viability.
Market Cap 1,216 Cr.
Stock P/E 6.56
Industry P/E 10.2
ROCE 26.8 %
EPS 11.5
EPS preceding year 10.1
Madras Fertilizer15/10/2023
Madras Fertilizer
Price Closed above 20MA
CMP:76.60
Target:96
SL:73
Information is only for study purpose
Triangle Pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Buy Madras Fertilizers LimitedBuy Madras Fertilizers Limited (NSE:MADRASFERT)
Buy Range- 60 - 62.5
Target- 70 - 72
StopLoss- below 56.5
Potential Return- 15-18%
Approx trade duration 12-14 days
Madras Fertilizers triple bottomCMP 60.96 | Triple bottom breakout on weekly | High volume | New 52 week recorded
*Not recommendation
MADRASFERT good breakout MADRASFERT good breakout and wait for retest then entry, it can touch short-term 70 levels
Madras Fertilizers Traiangle breakout The idea here is about Madras Fertilizers:
Madras Fertilizers Ltd. engages in the manufacture and marketing of ammonia, urea, and complex fertilizers. It also produces bio-fertilizers and markets organic fertilizers and neem pesticides.
I am short term bullish on Madras Fertilizers due to below observed technical factors.
1. Contracting or Symmetrical triangle formation on a weekly chart as per below:
2. Possible bearish Butterfly pattern under formation as per below:
3. Trading above 200 EMA & Support established on 20 EMA on a weekly chart as per below:
4. Ichimoku Cloud analysis: Senkou Span B support established on a daily chart as per below:
5. Ichimoku Cloud analysis: Kumo Break out and kumo twist strong buy for upward momentum on daily & Weekly chart.
6. RSI is at 49.47 on a Daily Chart & 55.97 on a weekly chart at the time of publishing.
7. MACD below signal line on weekly chart & way converging towards signal line on daily chart.
8. Hull Moving average on daily & monthly chart is buy & sell on Weekly chart & other moving average is a strong buy on Weekly & monthly chart.
9. ADX (Average directional index) trend strength is at 24.93 on a weekly and 25.83 on a daily chart which indicates a strong trend ( ADX between 25 - 50 is a strong trend) in the current direction.
Projected targets as per bearish butterfly patterns provided in the chart.
Stop Loss: provided in chart as per contracting or symmetrical triangle.
Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice. So please do your own DD (Due Diligence) before any kind of investment”.
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Cheers.
Madras FertilisersWhole fertiliser section is moving and this as well is breaking out after years of decline .May be some big news in making .
Can give huge gain . Its been upper uppercircuit but we got filled today during big decline.
Percentage moves can be huge so one needs to manage risk well more suitable for experienced traders.
My personel opinion and you trade at your own risk .
