Reacting to the announcement, shares of select fertiliser players including The Phosphate Company jumped around 5 per cent. Madras Fertilizers, Fertilizers and Chemicals Travancore, Pradeep Phosphates and Zuari Agro also rallied up to 4 per cent in the morning trade.

Budget 2023: Fertilizer, agri stocks jump as FM announces agriculture credit target to be increased to Rs 20 lakh crore

The Phosphate Company consolidated net profit rises 1101.52% in the December 2022 quarter

The Phosphate Company reports consolidated net profit of Rs 0.91 crore in the June 2021 quarter

The Phosphate Company reports consolidated net profit of Rs 0.05 crore in the March 2021 quarter

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Average profitability - not good, not bad

Profitability

The stock is underpriced but is in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Not a good time to consider, stock is in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Phosphate Company is focused on manufacturing phosphate fertilizer. It is producing single super phosphate (SSP), which contains phosphate, sulphur, calcium and other micronutrients. It is marketing fertilizers under brand Lakshmi