Mangalore Chemicals & Fertilizers (MCF) is in the spotlight as its share price inches close to a new 52-week high, trading just 1.01% below the peak of ₹190.9. The stock hit an intraday high of ₹190.85, surging 5.59% and outperforming its sector by 0.31%. This rally comes amidst a broader market upswing, with the BSE Small Cap index gaining 2.62%.
On the financial front, MCF has showcased robust growth. The company’s operating profit to interest ratio stands at an impressive 6.45x, signaling improved financial efficiency. The latest quarterly earnings report shows a 74% year-on-year jump in profit after tax, reaching ₹57.39 crore. Net sales also saw a healthy rise to ₹967.66 crore, indicating strong operational performance.
Despite these gains, MCF continues to navigate certain challenges. The firm holds a relatively high debt-to-EBITDA ratio of 2.90x, and a considerable portion of promoter shares remains pledged — a factor that investors are monitoring closely.
Nevertheless, the company has delivered stellar returns, clocking a 52.57% gain over the past year — far surpassing the Sensex’s modest 0.38% rise in the same period. This performance reflects investor confidence in the company’s long-term growth trajectory, despite structural risks.
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