The central India-based producer of single super phosphate Khaitan Chemicals and Fertilisers (KCFL) is also set to see a change of fortunes this quarter. The company had incurred a small net loss in the September 2009 quarter due to high raw material costs. However, things have improved since then. The company reported profits in the past three quarters and is now benefiting from the government's nutrient-based subsidy scheme, which was made applicable to SSP from May 2010.
We expect the company to report net profit of around 6.2 crore for the September 2010 quarter. Considering its current market capitalisation, these profits will bring down its valuation to just 5.8 times.
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