Rashtriya Chemicals & Fertilizers Ltd

Rashtriya Chemicals & Fertilizers Ltd

₹ 144 0.03%
04 Mar 4:01 p.m.
About

Rashtriya Chemicals & Fertilizers is a public sector undertaking (PSU) with 75% stake owned by GOI. Company is engaged in manufacturing and marketing of fertilizers and industrial chemicals.[1]

Key Points

Business Division [1]
Co. operates in two business divisions- Industrial and Fertilizers

  • Market Cap 7,972 Cr.
  • Current Price 144
  • High / Low 190 / 89.5
  • Stock P/E 40.8
  • Book Value 85.3
  • Dividend Yield 3.67 %
  • ROCE 21.2 %
  • ROE 21.2 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is providing a good dividend yield of 3.67%.
  • Company has delivered good profit growth of 63.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 34.4%
  • Debtor days have improved from 64.8 to 44.4 days.

Cons

  • Earnings include an other income of Rs.279 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,048 2,295 2,391 2,612 3,699 4,110 4,957 5,576 6,235 4,684 4,043 4,155 4,904
1,845 2,043 2,190 2,427 3,472 3,736 4,523 5,171 5,797 4,499 3,914 4,050 4,819
Operating Profit 203 252 201 185 227 374 433 405 438 185 129 105 84
OPM % 10% 11% 8% 7% 6% 9% 9% 7% 7% 4% 3% 3% 2%
25 48 154 37 41 31 65 26 40 116 58 67 38
Interest 39 36 31 17 27 52 50 59 70 44 39 44 48
Depreciation 43 46 45 46 45 47 45 56 51 59 56 56 56
Profit before tax 146 218 279 160 196 307 403 316 357 197 92 72 17
Tax % 32% 25% 26% 26% 27% 24% 26% 17% 31% 19% 26% 29% 35%
99 162 207 118 143 234 300 262 245 160 68 51 11
EPS in Rs 1.79 2.94 3.76 2.14 2.59 4.24 5.43 4.75 4.44 2.89 1.23 0.92 0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
6,358 6,751 6,560 7,694 8,241 7,099 7,255 8,885 9,698 8,281 12,812 21,452 17,786
5,953 6,163 5,992 6,840 7,766 6,680 6,986 8,448 9,111 7,527 11,820 19,968 17,282
Operating Profit 405 588 568 853 475 419 268 437 586 754 992 1,483 503
OPM % 6% 9% 9% 11% 6% 6% 4% 5% 6% 9% 8% 7% 3%
165 93 73 66 81 66 61 104 26 133 263 236 279
Interest 53 134 137 123 147 96 64 157 239 181 130 234 176
Depreciation 143 176 145 263 148 141 137 156 171 175 184 212 228
Profit before tax 374 372 359 533 262 249 128 229 202 530 942 1,273 378
Tax % 33% 27% 33% 35% 35% 28% 39% 42% -3% 28% 25% 24%
249 273 241 346 169 179 79 133 207 384 702 966 290
EPS in Rs 4.51 4.95 4.37 6.27 3.06 3.25 1.43 2.41 3.75 6.96 12.73 17.52 5.24
Dividend Payout % 31% 30% 34% 29% 36% 34% 42% 32% 76% 43% 30% 30%
Compounded Sales Growth
10 Years: 12%
5 Years: 24%
3 Years: 30%
TTM: -15%
Compounded Profit Growth
10 Years: 13%
5 Years: 63%
3 Years: 49%
TTM: -81%
Stock Price CAGR
10 Years: 16%
5 Years: 20%
3 Years: 17%
1 Year: 42%
Return on Equity
10 Years: 11%
5 Years: 13%
3 Years: 17%
Last Year: 21%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 552 552 552 552 552 552 552 552 552 552 552 552 552
Reserves 1,618 1,794 1,938 2,165 2,265 2,373 2,378 2,477 2,627 2,800 3,330 4,038 4,155
1,283 1,770 1,780 2,000 2,997 1,769 1,331 3,462 4,814 2,079 2,979 1,877 2,298
2,190 1,749 1,375 1,569 1,858 1,866 2,087 2,452 2,316 2,240 3,698 3,267 2,969
Total Liabilities 5,642 5,864 5,645 6,285 7,672 6,559 6,348 8,942 10,309 7,669 10,558 9,734 9,974
1,404 1,476 1,676 1,552 1,507 1,547 1,910 1,950 2,130 2,182 2,134 2,543 2,567
CWIP 227 184 77 62 150 107 152 276 433 406 513 211 206
Investments 0 0 0 0 49 45 62 80 256 645 935 994 956
4,010 4,204 3,891 4,672 5,966 4,860 4,223 6,636 7,490 4,437 6,977 5,986 6,245
Total Assets 5,642 5,864 5,645 6,285 7,672 6,559 6,348 8,942 10,309 7,669 10,558 9,734 9,974

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-150 -556 315 212 -633 1,595 1,078 -1,636 -522 5,211 -592 787
-791 225 -82 -201 -259 -180 -496 -310 -531 -610 -379 -316
619 281 -210 3 811 -1,406 -588 1,945 1,052 -3,131 599 -1,560
Net Cash Flow -322 -50 23 14 -82 9 -5 -2 -1 1,470 -372 -1,088

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 114 139 154 156 192 187 144 187 171 64 86 44
Inventory Days 123 131 94 101 122 97 90 139 78 82 138 80
Days Payable 132 80 58 60 63 75 82 106 80 91 137 61
Cash Conversion Cycle 105 190 191 198 251 209 151 220 170 55 87 63
Working Capital Days 80 134 147 150 182 163 126 185 207 52 69 49
ROCE % 14% 13% 12% 15% 8% 7% 4% 7% 8% 11% 15% 21%

Shareholding Pattern

Numbers in percentages

6 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
0.78% 0.86% 1.04% 1.20% 1.57% 2.95% 3.07% 2.97% 2.37% 2.27% 2.55% 2.92%
1.97% 0.46% 0.30% 0.31% 0.30% 0.30% 0.66% 1.13% 1.17% 0.35% 0.34% 0.35%
22.25% 23.68% 23.66% 23.49% 23.12% 21.75% 21.27% 20.88% 21.46% 22.37% 22.10% 21.74%
No. of Shareholders 2,26,0712,40,9762,35,2302,34,7512,25,8072,35,5192,23,0872,15,6492,33,5732,40,8782,40,2982,60,182

* 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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