Chambal Fertilisers & Chemicals Ltd

Chambal Fertilisers & Chemicals Ltd

₹ 393 1.64%
10 May - close price
About

Chambal Fertilisers & Chemicals Ltd is engaged in production of Urea from its own manufacturing plants. It also markets/ deals in other fertilisers and agri-inputs. It also has a Joint Venture for manufacture of Phospohric Acid in Morocco.
The company was also engaged in Software business, However, in FY21, it sold assets and transferred certain liabilities of the business to cease the operations of the software business.[1]

Key Points

Business Overview
Company is engaged in manufacturing Urea. It is also engaged in marketing of other fertilisers such as Di-Ammonium Phosphate (“DAP”), Muriate of Potash (“MOP”), NPK fertilisers, Speciality Plant Nutrients and Crop Protection Chemicals. Through JV it is engaged in the manufacture of phosphoric acid in Morocco. [1]

  • Market Cap 15,760 Cr.
  • Current Price 393
  • High / Low 439 / 250
  • Stock P/E 11.8
  • Book Value 178
  • Dividend Yield 1.91 %
  • ROCE 22.2 %
  • ROE 19.0 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 25.3%

Cons

  • Promoters have pledged 25.2% of their holding.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,641 3,540 4,479 4,743 3,307 7,291 8,587 8,296 3,599 5,589 5,386 4,349 2,643
1,355 2,958 3,741 4,161 2,947 6,697 8,142 7,626 3,487 4,956 4,770 3,720 2,476
Operating Profit 286 582 737 582 361 594 445 670 112 634 615 629 167
OPM % 17% 16% 16% 12% 11% 8% 5% 8% 3% 11% 11% 14% 6%
13 35 17 19 24 106 89 23 41 145 82 95 62
Interest 45 30 25 24 27 48 85 120 67 55 46 36 36
Depreciation 75 73 75 76 75 76 78 78 76 77 78 79 78
Profit before tax 178 513 655 501 283 576 370 495 10 646 573 608 115
Tax % 7% 33% 35% 35% 32% 29% 35% 34% -850% 27% 35% 34% 25%
165 342 426 325 194 406 240 324 98 469 372 404 86
EPS in Rs 3.97 8.22 10.23 7.82 4.65 9.77 5.78 7.80 2.35 11.28 8.95 9.70 2.15
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7,337 7,977 8,877 8,770 7,411 7,461 10,095 12,206 12,719 16,069 27,773 17,966
6,661 7,360 8,171 8,127 6,670 6,666 8,880 10,280 10,246 13,804 25,949 15,922
Operating Profit 676 617 706 643 740 795 1,214 1,926 2,473 2,265 1,824 2,044
OPM % 9% 8% 8% 7% 10% 11% 12% 16% 19% 14% 7% 11%
135 160 26 -154 176 143 -56 190 65 96 256 384
Interest 132 200 158 261 247 151 247 504 290 109 320 173
Depreciation 222 230 173 87 62 63 119 287 289 300 308 313
Profit before tax 457 346 400 142 607 724 793 1,326 1,959 1,952 1,452 1,943
Tax % 33% 12% 41% 108% 30% 34% 31% 8% 31% 34% 26% 31%
306 303 237 -11 425 480 545 1,224 1,347 1,287 1,069 1,331
EPS in Rs 7.34 7.28 5.69 -0.27 10.21 11.54 13.10 29.42 32.36 30.92 25.69 33.23
Dividend Payout % 26% 26% 33% -710% 19% 16% 15% 14% 23% 24% 29% 23%
Compounded Sales Growth
10 Years: 8%
5 Years: 12%
3 Years: 12%
TTM: -35%
Compounded Profit Growth
10 Years: 16%
5 Years: 15%
3 Years: 0%
TTM: 28%
Stock Price CAGR
10 Years: 25%
5 Years: 23%
3 Years: 15%
1 Year: 36%
Return on Equity
10 Years: 20%
5 Years: 23%
3 Years: 19%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 416 414 414 416 416 416 416 416 416 416 416 401
Reserves 1,576 1,772 1,902 1,790 2,119 2,482 2,824 3,500 4,876 5,767 6,460 6,723
5,115 4,547 3,950 4,807 4,153 5,609 8,545 9,635 3,866 4,264 3,279 1,794
1,334 1,043 1,008 940 1,360 929 2,060 1,017 1,069 2,565 2,358 2,377
Total Liabilities 8,441 7,776 7,274 7,952 8,047 9,436 13,846 14,567 10,227 13,012 12,514 11,293
2,599 2,632 2,551 1,716 1,099 1,169 6,846 6,701 6,480 6,358 6,262 6,423
CWIP 44 43 92 626 1,707 4,129 109 85 161 157 103 184
Investments 544 560 487 316 291 291 327 289 303 303 2,140 2,235
5,253 4,541 4,144 5,294 4,951 3,847 6,564 7,492 3,283 6,195 4,008 2,452
Total Assets 8,441 7,776 7,274 7,952 8,047 9,436 13,846 14,567 10,227 13,012 12,514 11,293

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-1,240 843 986 -27 1,249 1,163 -1,155 843 6,951 -33 3,241 3,328
-112 8 -56 -311 -717 -1,763 -1,111 -541 -255 -119 -1,873 -384
1,243 -991 -934 348 -457 568 2,260 -218 -5,943 -213 -1,862 -2,871
Net Cash Flow -109 -141 -3 10 75 -33 -5 84 753 -364 -494 73

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 171 157 125 160 149 123 174 166 34 49 23 4
Inventory Days 102 50 48 54 65 63 79 60 39 119 25 42
Days Payable 39 15 14 28 17 23 59 29 19 57 22 27
Cash Conversion Cycle 235 193 160 186 197 163 195 198 54 111 26 19
Working Capital Days 185 161 130 169 175 145 151 163 43 81 28 53
ROCE % 9% 8% 10% 11% 12% 11% 12% 14% 20% 21% 17%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.38% 60.39% 60.40% 60.46% 60.48% 60.48% 60.56% 60.56% 60.56% 60.56% 60.56% 60.70%
8.42% 11.40% 12.12% 13.41% 13.45% 11.09% 8.75% 9.04% 9.64% 10.85% 13.39% 15.00%
15.03% 13.19% 12.79% 11.33% 10.56% 12.60% 13.40% 13.27% 11.98% 9.04% 9.35% 7.07%
16.07% 14.93% 14.61% 14.72% 15.48% 15.81% 17.28% 17.10% 17.82% 19.55% 16.70% 17.25%
0.10% 0.09% 0.09% 0.08% 0.03% 0.03% 0.02% 0.02% 0.00% 0.00% 0.00% 0.00%
No. of Shareholders 1,87,6331,90,1561,89,7842,08,9632,22,7402,24,7452,39,4072,35,1412,39,5062,62,6842,38,3712,48,360

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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