On the listing day, the Indian Phosphate Ltd stock made a high of Rs. 197.50 but the same day the stock started falling. After the day, in a raw 5 trading days, the stock hit its lower circuit and is currently trading at Rs. 131.30 which is approx. 33% down from its all-time high. If you are also facing loss the Indian Phosphate share price target for 2024, 2025, and 2026 may help you to know more about the company and industry.
Indian Phosphate is a major player in the chemical sector which primarily manufactures phosphate-related products only. It is a small-cap company that announced its IPO with a size of Rs. 67.36 Crore and the price range was set to Rs. 94 to Rs. 99.
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About Indian Phosphate Ltd
Indian Phosphate Ltd was founded in 1998, it is a small-cap chemical company that specializes in making phosphate-based products. In the manufacturing, of phosphate-based products it is one of the major players.
Indian Phosphate Ltd has a wide range of products and services like-
Fertilizer
- Single Super Phosphate – “Powder”
- Zincated Single Super Phosphate – “Powder”
- Single Super Phosphate – “Granulated” Zincated
- Zincated – Boronated Single Super Phosphate – “Granulated”
Chemicals
- Linear Alkyl Benzene Sulphonic Acid (LABSA – 90%)
- Dilute Sulphuric Acid
Group Entity Business
The company is also involved in the following business-
- Trading
- Logistics
- Education
- Hospitality
Mining & Beneficiation
The Indian Phosphate Ltd is also involved in Mining & Beneficiation.
Renewable Energy
The company is also present in renewable energy but not for the business. The company has solar plants to reduce the power cost. By taking this step, the company is saving a lot of money.
Indian Phosphate Ltd’s Scrip Info
| NSE | IHPL |
| BSE | |
| ISIN | |
| SECTOR | CHEMICAL |
Company Analysis
Below you’ll find Indian Phosphate Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The shared information is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Mar 2023 | ₹ |
| Jun 2023 | ₹ |
| Sep 2023 | ₹ |
| Dec 2023 | ₹ |
| Mar 2024 | ₹ |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | ₹ |
| Mar 2021 | ₹ |
| Mar 2022 | ₹ |
| Mar 2023 | ₹ |
| Mar 2024 | ₹12 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹328Cr | ROE | 15.01% |
| P/E Ratio (TTM) | 25.01 | EPS (TTM) | 5.25 |
| P/B Ratio | 2.22 | Div. Yield | 0.00% |
| Industry PE | 56.45 | Book Value | 59.22 |
| Debt to Equity | 1.09 | Face Value | 10 |
| Held By | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|---|
| FIIs | NA | NA | NA | NA |
| DIIs | NA | NA | NA | NA |
| Public | NA | NA | NA | NA |
| Promoters | NA | NA | NA | NA |
| Other Holders | NA | NA | NA | NA |
Key Insights
- Low debt on the company.
- Company profits are increasing each year.
- The company making a profit consistently.
- It is an SME stock, which means low liquidity.
- Indian Phosphate Ltd is a profitable company.
- On the company, there is a DEBT of Rs. 88 Crore.
- In FY March 2024, the company has shown a net profit of Rs. 12 Crore.
- Industry PE is 56.45 and the stock PE Ratio (TTM) is 25.01 as of 15 Sept.
Indian Phosphate Share Price Target
Indian Phosphate is an SME stock, that is listed at Rs. 188.10 which means a 90% premium. In short, it was a massive profit or return for the people who got the IPO. But the stock has started falling and as of 15 Sept, it is trading at Rs. 131.30 (market closing).
Currently, enough data about the company is not available publically like shareholding patterns, quarterly results, annual profit & loss, market share, and many more. It can be a little problem to predict the Indian phosphate share price target for 2024, 2025, and 2026 for now.
Indian Phosphate Ltd specializes in Phosphate-based products. Nowadays phosphate chemical is widely used everywhere in Animal feed, Food additives, Fertilizers, Soil conditioning, Detergents, Water treatment, electronics, Pharmaceuticals, Cosmetics, Fire retardants, Glass production, Dental products, and many more.
Note: This company stock belongs to SME (Small and Medium Enterprises). These types of stocks have very low liquidity so, investing or trading them can be risky. These SME stocks are traded in LOT (large quantities) so, it can be very hard to sell or buy them at the desired price.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹140 | ₹145 |
| 2025 | ₹170 | ₹190 |
| 2026 | ₹200 | ₹250 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Indian Phosphate Share Price Target 2024
On the listing day, Indian Phosphate stock reached a high of Rs. 197.50 and on the same day, the stock started falling badly. Currently, it is trading at Rs. 131.30. This selling is because of the profit booking as a small-cap company already given a massive return during the listing in NSE and BSE.
Currently, the stock is very bearish as per technicals so, you should avoid the stock for now unit the profit booking is over. It may take a few weeks to make the stock stable.
As the stock is continually going down rapidly so, it is hard to predict the Indian Phosphate share price target for 2024 as of now. Once the stock becomes stable and if we see any opportunity we will update the target.
Indian Phosphate Share Price Target 2025 and 2026
Indian Phosphate Ltd is a major chemical sector company that is involved in the production of various phosphate-based products. In India and other countries, phosphate is used in almost everywhere like food, agriculture, industry, and many more. In a few words, phosphate is widely present in many products around us.
Indian Phosphate is a profitable company that has generated good revenue over the years. In the FY March 2021, the company made a net profit of Rs. 5.09 Crore, and in FY March 2024 the company made a net profit of Rs. 13.47 Crore. It is a huge growth in the net profit of the company in just 4 years.
Due to these key points like the profitability of the company, the demand for phosphate, consistent profit, etc., we can say it is a good company and can deliver good returns to investors in the future. You can expect the Indian Phosphate share price target of Rs. 200 to Rs. 250 in 2025 and 2026.
FAQs
No doubt, Indian Phosphate is one of the best stocks in the chemical sector. Due to its best business model, strong financials, etc., the stock is listed at a 90% premium.
Due to massive profit bookings, the stock has started falling badly and still it is falling as of 15 Sept 2024. It is hard to predict the Indian Phosphate share price target when the stock is falling continuously.
Once the stock becomes bullish, we will update the target for the stock.
Indian Phosphate Ltd is primarily involved in the chemical sector but is also present in various sectors like Mining, Energy, Logistics, Fertilizers, Trading, Education, Hospitality, and many more…
The company has a production capacity of 1,32,000 Tons of SSP Powder and 75,000 Tons of LABSA.
The company generates approx. 86.5% of revenue from LABSA, 12.5% from SSP (Powdered/Granuated), and 1% from Dilute Sulphuric Acid.
Indian Phosphate Ltd company is one of the major players in the chemical sector. The company made various products using phosphate. The company is also involved in the mining of phosphate and sell it.
Except for the business and products, the company has been profitable and making profits for the past few years. The net profit of the company is rising each year as compared to its previous year’s profit.
These things suggest it’s a good company and one can consider buying it for the long term.
But you should also keep in mind that the chemical sector supply and demand is very volatile so, it can affect the stock price for the short term to long term.
Also, the competition in the chemical sector is high which can affect the stock price as well.
Final Words
Indian Phosphate Ltd is one of the major players in the chemical sector and it is also involved in various other sectors as well like trading, logistics, hostility, education, and more. It is a profitable company and consistently making profits over the year. That’s why the Indian Phosphate share price target for 2024, 2025, and 2026 can make you highly profitable during the high demand for chemicals.
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