Chambal Fertilisers & Chemicals Ltd

About [ edit ]

Chambal Fertilisers & Chemicals is engaged in the business of production of urea and has three urea plants. Apart from manufacture of Urea, the Company also deals in other fertilisers and Agri-inputs.

  • Market Cap 12,786 Cr.
  • Current Price 307
  • High / Low 321 / 133
  • Stock P/E 9.49
  • Book Value 127
  • Dividend Yield 1.30 %
  • ROCE 20.4 %
  • ROE 29.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 53.87% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.45%
  • Company has been maintaining a healthy dividend payout of 17.35%
  • Debtor days have improved from 124.81 to 33.71 days.

Cons

  • Company might be capitalizing the interest cost

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
2,190 2,486 2,807 2,611 2,855 3,550 3,832 1,969 3,219 3,987 3,873 1,641
1,961 2,279 2,449 2,193 2,408 2,994 3,150 1,752 2,628 3,244 3,074 1,307
Operating Profit 229 207 358 418 446 556 682 217 591 743 799 334
OPM % 10% 8% 13% 16% 16% 16% 18% 11% 18% 19% 21% 20%
Other Income 56 78 -76 -114 98 45 -61 131 52 52 -11 -33
Interest 41 48 38 119 132 147 110 113 97 81 53 48
Depreciation 16 17 17 69 69 72 73 72 71 72 72 75
Profit before tax 228 221 228 116 342 382 438 163 476 642 663 178
Tax % 32% 34% 33% 21% 31% 2% 7% -25% 34% 35% 32% 7%
Net Profit 155 145 153 92 236 375 409 204 314 416 452 165
EPS in Rs 3.73 3.48 3.68 2.21 5.67 9.02 9.84 4.89 7.55 10.00 10.85 3.97

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
3,572 4,653 6,461 7,337 7,977 8,877 8,770 7,411 7,461 10,095 12,206 12,719
2,936 3,927 5,665 6,623 7,362 8,185 8,127 6,673 6,679 8,905 10,466 10,253
Operating Profit 636 726 795 713 615 692 643 738 782 1,189 1,740 2,466
OPM % 18% 16% 12% 10% 8% 8% 7% 10% 10% 12% 14% 19%
Other Income 71 93 147 97 161 40 -154 178 156 -31 377 60
Interest 91 110 121 132 200 158 261 247 151 247 504 278
Depreciation 258 268 262 222 230 173 87 62 63 119 287 289
Profit before tax 359 441 560 457 346 400 142 607 724 793 1,326 1,959
Tax % 31% 26% 56% 33% 12% 41% 108% 30% 34% 31% 8% 31%
Net Profit 249 325 247 306 303 237 -11 425 480 545 1,224 1,347
EPS in Rs 5.98 7.81 5.94 7.34 7.28 5.69 -0.27 10.21 11.54 13.10 29.42 32.36
Dividend Payout % 32% 24% 32% 26% 26% 33% -710% 19% 16% 15% 14% 23%
Compounded Sales Growth
10 Years:11%
5 Years:8%
3 Years:19%
TTM:4%
Compounded Profit Growth
10 Years:15%
5 Years:54%
3 Years:42%
TTM:12%
Stock Price CAGR
10 Years:15%
5 Years:36%
3 Years:24%
1 Year:105%
Return on Equity
10 Years:20%
5 Years:25%
3 Years:28%
Last Year:29%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
416 416 416 416 414 414 416 416 416 416 416 416
Reserves 974 1,207 1,362 1,576 1,772 1,902 1,790 2,136 2,496 2,836 3,507 4,876
Borrowings 2,616 2,484 3,557 5,115 4,547 3,950 4,807 4,153 5,609 8,545 9,635 3,094
647 704 985 1,334 1,043 1,008 940 1,342 914 2,049 1,009 1,841
Total Liabilities 4,653 4,811 6,320 8,441 7,776 7,274 7,952 8,047 9,436 13,846 14,567 10,227
2,932 2,678 2,636 2,599 2,632 2,551 1,716 1,099 1,169 6,846 6,701 6,480
CWIP 44 59 54 44 43 92 626 1,707 4,129 109 85 161
Investments 417 401 492 544 560 487 316 291 291 327 289 303
1,260 1,672 3,138 5,253 4,541 4,144 5,294 4,951 3,847 6,564 7,492 3,283
Total Assets 4,653 4,811 6,320 8,441 7,776 7,274 7,952 8,047 9,436 13,846 14,567 10,227

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-148 579 -583 -1,240 843 986 -27 1,249 1,163 -1,155 843 6,951
21 -85 8 -112 8 -56 -311 -717 -1,763 -1,111 -541 -255
130 -288 613 1,243 -991 -934 348 -457 568 2,260 -218 -5,943
Net Cash Flow 2 207 37 -109 -141 -3 10 75 -33 -5 84 753

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 12% 14% 15% 9% 8% 10% 11% 12% 11% 12% 14% 20%
Debtor Days 57 46 114 171 157 125 160 149 123 174 166 34
Inventory Turnover 8.12 11.02 10.94 6.28 6.37 9.89 9.07 6.68 6.97 7.41 7.32 7.63

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
58.53 58.65 58.72 58.77 58.77 58.89 59.01 59.80 59.92 60.34 60.38 60.38
6.44 6.53 6.45 6.48 6.83 6.48 6.65 6.50 5.25 5.37 6.65 7.05
14.61 14.70 15.27 15.79 16.34 17.06 16.67 16.85 17.08 16.85 15.79 15.53
20.08 19.80 19.23 18.64 17.78 17.31 17.42 16.63 17.55 17.26 17.03 16.90
0.34 0.33 0.33 0.32 0.29 0.26 0.25 0.22 0.20 0.18 0.14 0.14

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