Madras Fertilizers Ltd

Madras Fertilize Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madras Fertilizers Ltd

₹ 66.7 3.24%
19 May 4:01 p.m.
madrasfert.co.in BSE: 590134 NSE: MADRASFERT
About

Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’. [1]

Key Points

Business Profile & Moat[1]
The Company is one of the largest urea manufacturers in South India, supported by a well-established distribution network across the southern states and over 5 decades of operational experience in ammonia, urea, and complex fertilisers. Its key strategic advantage is its proximity to Ennore Port, ensuring efficient access to RLNG imports, which supports stable operations and cost efficiency post-feedstock transition.

Website BSE NSE
  • Market Cap ₹ 1,074 Cr.
  • Current Price ₹ 66.7
  • High / Low ₹ 107 / 52.2
  • Stock P/E 12.3
  • Book Value ₹ 5.71
  • Dividend Yield 0.00 %
  • ROCE 14.8 %
  • ROE 292 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 11.7 times its book value
  • The company has delivered a poor sales growth of 8.46% over past five years.
  • Contingent liabilities of Rs.916 Cr.
  • Earnings include an other income of Rs.64.8 Cr.
  • Debtor days have increased from 60.8 to 75.0 days.

* 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

Commodities Chemicals Fertilizers & Agrochemicals Fertilizers

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
768 529 385 556 758 655 532 799 555 672 510 419 699
684 546 374 543 666 590 521 692 616 607 498 422 663
Operating Profit 84 -17 12 13 92 65 11 107 -61 65 12 -3 36
OPM % 11% -3% 3% 2% 12% 10% 2% 13% -11% 10% 2% -1% 5%
6 4 9 -46 28 9 10 9 16 13 23 24 5
Interest 19 18 14 16 24 17 15 15 16 15 14 14 15
Depreciation 1 3 3 3 1 3 2 3 4 3 3 4 4
Profit before tax 71 -34 3 -52 95 54 3 99 -64 59 17 4 23
Tax % 34% 0% 0% 0% 7% 25% 52% 24% -19% 25% 25% 29% 7%
47 -34 3 -52 88 40 2 75 -52 44 13 3 21
EPS in Rs 2.94 -2.14 0.21 -3.21 5.48 2.51 0.10 4.63 -3.26 2.73 0.80 0.16 1.30
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,698 1,198 1,392 1,616 1,593 1,292 1,533 2,302 3,447 2,228 2,542 2,300
1,728 1,191 1,313 1,592 1,595 1,294 1,398 2,056 3,115 2,124 2,415 2,190
Operating Profit -30 7 79 24 -2 -2 135 247 332 104 127 110
OPM % -2% 1% 6% 1% -0% -0% 9% 11% 10% 5% 5% 5%
18 -69 36 47 18 12 7 29 14 -7 44 65
Interest 104 109 90 94 123 104 108 100 89 76 68 59
Depreciation 18 18 21 22 23 32 31 9 10 10 12 14
Profit before tax -135 -190 4 -45 -130 -125 3 166 249 12 92 102
Tax % 0% 0% 0% 0% 0% 0% 0% 2% 25% 53% 30% 21%
-135 -190 4 -45 -130 -125 3 162 185 6 64 80
EPS in Rs -8.36 -11.77 0.22 -2.78 -8.06 -7.78 0.18 10.08 11.50 0.35 3.99 4.99
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 7%
5 Years: 8%
3 Years: -13%
TTM: -10%
Compounded Profit Growth
10 Years: 11%
5 Years: 92%
3 Years: -22%
TTM: 35%
Stock Price CAGR
10 Years: 17%
5 Years: 17%
3 Years: -1%
1 Year: -33%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 292%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 162 162 162 162 162 162 162 162 162 162 162 162
Reserves -505 -694 -592 -654 -737 -892 -857 -668 -449 -352 -194 -70
914 986 1,254 1,506 1,652 1,804 1,378 1,736 1,494 1,583 1,594 634
784 798 406 568 492 344 508 680 650 614 672 1,606
Total Liabilities 1,356 1,252 1,230 1,582 1,568 1,419 1,191 1,911 1,857 2,007 2,234 2,333
183 180 183 162 148 217 190 190 192 200 207 216
CWIP 15 15 22 26 31 3 18 14 13 25 20 27
Investments 0 0 135 149 198 180 203 250 337 455 525 575
1,157 1,057 889 1,246 1,192 1,018 780 1,456 1,315 1,328 1,483 1,515
Total Assets 1,356 1,252 1,230 1,582 1,568 1,419 1,191 1,911 1,857 2,007 2,234 2,333

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-65 -19 220 -150 -23 104 492 -317 687 175 116 5
-2 -10 -5 -3 -13 -60 -15 2 2 -1 26 31
62 44 -245 178 45 56 -527 265 -320 19 -52 -34
Net Cash Flow -5 15 -30 25 10 100 -50 -50 369 193 90 2
Free Cash Flow -69 -33 212 -154 -36 39 473 -324 677 143 103 -22
CFO/OP 213% -289% 278% -629% 1,126% -5,687% 365% -129% 224% 172% 122% 6%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 3 3 11 5 6 147 65 156 53 53 55 75
Inventory Days 68 120 169 86 116 102 98 71 33 62 55 47
Days Payable 94 129 133 149 115 49 114 77 41 85 100 90
Cash Conversion Cycle -24 -6 48 -59 8 200 49 150 45 29 10 33
Working Capital Days -78 -180 -167 -165 -203 -336 -272 -149 -121 -218 -193 -200
ROCE % -5% 2% 15% 5% -1% -2% 13% 28% 28% 11% 11% 15%

Insights

In beta
Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2024 Mar 2025
Production Volume - Urea
Lakh MT

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Capacity Utilization - Urea
%
Installed Capacity - NPK / Complex Fertilizers
MT
Installed Capacity - Urea
MT
Market Share - Urea (South India)
%
Energy Consumption - Urea
Gcal/MT
Installed Capacity - Ammonia
MT
Market Share - Urea (Tamil Nadu)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27%
0.00% 0.00% 0.00% 0.13% 0.00% 0.00% 0.00% 0.03% 0.05% 0.09% 0.00% 0.01%
0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.04% 0.05% 0.05% 0.05% 0.05% 0.05%
14.69% 14.69% 14.69% 14.56% 14.69% 14.69% 14.69% 14.66% 14.63% 14.59% 14.68% 14.67%
No. of Shareholders 49,33048,32353,46153,49860,26462,40561,35562,07361,57159,70759,02858,480

* 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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