Fertilizers & Chemicals Travancore Ltd

Fertilizers & Chemicals Travancore Ltd

₹ 664 3.54%
22 Apr 12:57 p.m.
About

Fertilizers & Chemicals Travancore Ltd (FACT), incorporated in the year 1943, is the first large-scale fertiliser plant in India at Udyogamandal, Kochi, Kerala. The company is engaged in the manufacturing and selling of fertilizers, its by-products and Caprolactam. It is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.[1]

Key Points

Products
The company produces a wide range of fertilisers like Complex fertilisers (Factamfos), Straight fertilisers (Ammonium Sulphate), Organic fertilisers, Biofertilisers and Imported fertilisers (Muriate of Potash). The company also produces bagged gypsum and Caprolactam which is used in manufacturing Nylon Tyre cord, Nylon filament yarn, Engineering plastics, etc. [1][2][3]

  • Market Cap 42,995 Cr.
  • Current Price 664
  • High / Low 909 / 294
  • Stock P/E 98.6
  • Book Value 21.8
  • Dividend Yield 0.16 %
  • ROCE 30.3 %
  • ROE 62.5 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 46.2% CAGR over last 5 years

Cons

  • Stock is trading at 29.7 times its book value
  • Tax rate seems low

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
839 821 742 782 1,208 1,693 1,292 1,935 1,722 1,249 1,233 1,663 1,097
654 625 658 677 1,098 1,396 1,110 1,698 1,523 1,065 1,086 1,531 1,054
Operating Profit 185 196 85 105 110 297 183 237 199 184 147 132 43
OPM % 22% 24% 11% 13% 9% 18% 14% 12% 12% 15% 12% 8% 4%
18 22 24 -3 3 -2 23 -23 36 52 -7 39 54
Interest 61 62 61 62 62 60 62 62 62 61 63 61 62
Depreciation 5 8 8 4 7 9 7 7 7 9 5 5 5
Profit before tax 137 148 40 36 44 227 137 145 166 166 72 105 30
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
137 148 40 36 44 227 137 145 166 166 72 105 30
EPS in Rs 2.11 2.29 0.62 0.56 0.67 3.50 2.12 2.23 2.56 2.56 1.11 1.63 0.47
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,876 2,316 2,209 1,979 1,736 1,867 1,927 1,955 2,770 3,259 4,425 6,198 5,242
2,714 2,488 2,355 2,157 1,959 1,821 1,759 1,945 2,491 2,708 3,829 5,443 4,736
Operating Profit 162 -172 -146 -178 -223 45 168 10 279 551 596 755 506
OPM % 6% -7% -7% -9% -13% 2% 9% 0% 10% 17% 13% 12% 10%
37 19 118 -6 41 18 42 457 1,004 68 22 136 138
Interest 137 155 192 196 252 305 321 281 289 245 244 247 247
Depreciation 43 46 45 20 18 21 17 23 18 23 27 30 25
Profit before tax 20 -354 -265 -400 -452 -263 -129 163 976 350 346 613 373
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
20 -354 -265 -400 -452 -263 -129 163 976 350 346 613 373
EPS in Rs 0.31 -5.47 -4.09 -6.18 -6.99 -4.06 -1.99 2.51 15.08 5.42 5.35 9.47 5.77
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 11%
Compounded Sales Growth
10 Years: 10%
5 Years: 26%
3 Years: 31%
TTM: -21%
Compounded Profit Growth
10 Years: 14%
5 Years: 46%
3 Years: 459%
TTM: -42%
Stock Price CAGR
10 Years: 40%
5 Years: 78%
3 Years: 82%
1 Year: 93%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 62%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 647 647 647 647 647 647 647 647 647 647 647 647 647
Reserves -485 -839 -1,104 -1,504 -1,956 -2,159 -2,286 -2,119 -1,139 -827 15 627 764
762 991 1,111 1,074 1,811 2,402 2,278 2,274 1,821 1,822 1,838 1,842 1,818
1,013 937 1,261 1,449 1,167 715 1,215 1,547 1,317 1,756 2,276 2,379 2,563
Total Liabilities 1,937 1,737 1,915 1,667 1,668 1,605 1,854 2,348 2,646 3,399 4,775 5,494 5,792
278 243 276 282 270 297 295 296 258 286 816 814 804
CWIP 25 53 24 25 22 25 18 18 39 55 43 105 142
Investments 18 21 21 4 4 46 59 69 78 86 98 113 130
1,616 1,419 1,594 1,357 1,373 1,238 1,482 1,966 2,271 2,972 3,819 4,463 4,716
Total Assets 1,937 1,737 1,915 1,667 1,668 1,605 1,854 2,348 2,646 3,399 4,775 5,494 5,792

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
149 -102 61 192 -206 31 224 -410 214 1,021 152 555
105 -43 -50 -9 -3 75 -3 416 336 -854 -157 -683
-257 123 -16 -180 224 -94 -207 -45 -508 -36 8 -4
Net Cash Flow -3 -22 -5 3 15 12 14 -40 42 130 3 -132

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 1 2 2 1 99 69 76 51 12 14 28
Inventory Days 157 160 153 146 123 158 184 197 138 112 93 103
Days Payable 106 72 124 180 166 109 150 120 49 76 77 37
Cash Conversion Cycle 52 89 31 -32 -41 148 102 152 141 47 30 94
Working Capital Days 83 93 62 -11 65 123 76 102 -57 -28 -11 -9
ROCE % 16% -23% -24% -41% -61% 6% 25% 1% 27% 40% 33% 30%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00% 90.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05% 0.07% 0.11% 0.11%
8.56% 8.56% 8.57% 8.57% 8.57% 8.57% 8.57% 8.57% 0.01% 8.58% 8.59% 8.61%
0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 0.40% 8.96% 0.40% 0.40% 0.40%
1.04% 1.04% 1.04% 1.03% 1.03% 1.03% 1.03% 1.03% 0.97% 0.95% 0.90% 0.89%
No. of Shareholders 33,08232,15230,64033,31034,15534,42839,39445,30044,50354,76961,55658,568

* 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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