Madras Fertilizers Ltd

About

Madras Fertilizers is engaged in the manufacture of Urea and Complex Fertilizers. It is also engaged in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals and City Compost under the brand name Vijay.

  • Market Cap 426 Cr.
  • Current Price 26.6
  • High / Low 36.0 / 16.0
  • Stock P/E 9.28
  • Book Value -39.4
  • Dividend Yield 0.00 %
  • ROCE 12.6 %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 5.05% over past five years.
  • Contingent liabilities of Rs.407.02 Cr.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021
595 384 38 313 481 445 213 417 442 460 495 382
561 398 103 333 446 423 220 383 407 398 443 368
Operating Profit 34 -15 -66 -20 35 22 -7 34 35 62 52 14
OPM % 6% -4% -174% -7% 7% 5% -3% 8% 8% 14% 11% 4%
Other Income 4 57 2 1 1 24 1 1 2 4 1 2
Interest 24 25 18 22 28 24 22 23 24 29 20 20
Depreciation 6 6 6 6 6 15 7 7 7 10 8 8
Profit before tax 8 11 -87 -47 2 7 -34 4 6 27 25 -11
Tax % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Net Profit 8 11 -87 -47 2 7 -34 4 6 27 25 -11
EPS in Rs 0.48 0.69 -5.42 -2.90 0.12 0.43 -2.11 0.27 0.37 1.65 1.54 -0.71

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,303 1,622 2,207 2,344 2,592 1,698 1,198 1,392 1,616 1,593 1,292 1,533 1,779
1,173 1,617 2,007 2,213 2,359 1,728 1,191 1,313 1,592 1,595 1,294 1,398 1,615
Operating Profit 130 5 200 131 233 -30 7 79 24 -2 -2 135 164
OPM % 10% 0% 9% 6% 9% -2% 1% 6% 1% -0% -0% 9% 9%
Other Income 6 261 12 9 12 18 -69 36 47 18 12 7 8
Interest 88 55 60 74 97 104 109 90 94 123 104 108 93
Depreciation 41 41 40 42 42 18 18 21 22 23 32 31 33
Profit before tax 7 170 112 24 106 -135 -190 4 -45 -130 -125 3 46
Tax % -0% -0% -0% -0% 5% -0% -0% -0% -0% -0% -0% -0%
Net Profit 7 170 112 24 100 -135 -190 4 -45 -130 -125 3 46
EPS in Rs 0.43 10.54 6.95 1.52 6.21 -8.36 -11.77 0.22 -2.78 -8.06 -7.78 0.18 2.85
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -1%
5 Years: 5%
3 Years: -2%
TTM: 14%
Compounded Profit Growth
10 Years: -23%
5 Years: 15%
3 Years: 28%
TTM: 320%
Stock Price CAGR
10 Years: 3%
5 Years: 15%
3 Years: 12%
1 Year: 55%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
162 162 162 162 162 162 162 162 162 162 162 162 162
Reserves -775 -605 -493 -468 -368 -505 -694 -592 -654 -737 -892 -857 -797
Borrowings 909 727 561 873 790 914 986 1,254 1,506 1,652 1,804 1,378 1,476
364 353 580 347 1,152 784 798 406 568 492 344 528 457
Total Liabilities 661 637 810 914 1,736 1,356 1,252 1,230 1,582 1,568 1,419 1,211 1,298
289 259 226 232 195 183 180 183 162 148 217 190 175
CWIP 2 2 33 17 18 15 15 22 26 31 3 18 18
Investments 0 0 0 0 0 0 0 135 149 198 180 203 250
369 376 550 665 1,522 1,157 1,057 889 1,246 1,192 1,018 800 856
Total Assets 661 637 810 914 1,736 1,356 1,252 1,230 1,582 1,568 1,419 1,211 1,298

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
71 216 124 3 -107 -65 -19 220 -150 -23 104 491
-1 -10 -36 -29 -6 -2 -10 -5 -3 -13 -60 -16
-31 -242 -44 -25 130 62 44 -245 178 45 56 -524
Net Cash Flow 38 -35 44 -51 17 -5 15 -30 25 10 100 -50

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0 0 0 1 0 3 3 11 5 6 147 70
Inventory Days 89 91 93 83 56 68 120 169 86 116 102 98
Days Payable 147 110 72 63 174 94 129 133 149 115 49 116
Cash Conversion Cycle -57 -19 21 21 -117 -24 -6 48 -59 8 200 52
Working Capital Days -12 5 -12 50 49 76 70 126 151 157 159 50
ROCE % 36% 34% 66% 24% 35% -5% 2% 15% 5% -1% -2% 13%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents