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Paradeep Phosphates is the third largest private sector manufacturers of non-urea fertilizers in India and second largest in terms of DAP volume sales as of March 2021 (Source: CRISIL Report and Company DRHP).
Primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP.
The company's fertilizers are marketed under some of the key brand names in the market 'Jai Kisaan – Navratna' and 'Navratna'
Among private sector entities with a focus on the non-urea segment, Paradeep Phosphates is the second largest in terms of phosphatic fertilizer (DAP and NPK complexes) capacity, as of March 31, 2021. (Source: CRISIL Report).
The company's manufacturing facility is strategically located near the Paradeep port, where they own a captive berth with 14 meters draft with facilities to unload solid and liquid cargo.
Among the private sector entities, the second largest backward integrated fertilizer manufacturing facility in India as of March 2021. (Source: CRISIL Report and Company DRHP).
The performance of the agricultural sector and consequently the demand for fertilizers and other products, is dependent on area under cultivation, soil quality, climatic conditions etc, all of which are beyond control.
Policies relating to the agriculture sector such as the reduction of Government expenditure, the withdrawal of or changes in incentives and subsidies or minimum support prices could affect the ability of farmers to spend on fertilizers.
17 May 2022
ICICI Securities
Asia accounts for highest usage of fertilizer per hectare of crop land : According to FAO estimates, world agricultural use of chemical fertilizers per cropland area rose by 33% during the 2000–2018 period, to 121 kg of nutrients per hectare. Fertilizer use per cropland area in 2018 was the highest in Asia, at 178 kg/ha, followed by the Americas (135 kg/ha).
Heavy dependence on imported fertilizers due to insufficient capacities: While India is one of the largest fertiliser consumer in the world, it is also one of the major importers around the globe, on account of lower capacities compared to consumption.
Fragmentation of arable land resulting in higher cropping intensity key driver of fertilizer industry in India : With urbanization reaching all over the country, arable land has seen continuous decline. More farmers are using different inputs such as fertilizers to achieve the level of output with same or even lesser arable land.
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Paradeep Phosphates IPO opens from May 17th ,2022 and closes on May 19th ,2022 for subscription.
Paradeep Phosphates IPO shares will be allotted on May 26th ,2022
Paradeep Phosphates IPO listing date is May 27th ,2022
The price band of Paradeep Phosphates IPO is Rs.39 –Rs.42 per share.
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