Chambal Fertilisers and Chemicals Ltd - Stock Valuation and Financial Performance

BSE: 500085 | NSE: CHAMBLFERT | Fertilizers | Small Cap

Chambal Fert & Chem Share Price

342.10 -1.90 -0.55%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Chambal Fert & Chem

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Chambal Fertilisers and Chemicals stock performance -

mw4me loader
P/E Ratio (SA):
10.26
Market Cap:
13,782.4 Cr.
52-wk low:
248.6
52-wk high:
402

Is Chambal Fertilisers and Chemicals Ltd an attractive stock to invest in?

1. Is Chambal Fertilisers and Chemicals Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Chambal Fertilisers and Chemicals Ltd is a average quality company.

2. Is Chambal Fertilisers and Chemicals Ltd undervalued or overvalued?

The key valuation ratios of Chambal Fertilisers and Chemicals Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Chambal Fertilisers and Chemicals Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Chambal Fertilisers and Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Chambal Fert & Chem:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Chambal Fertilisers and Chemicals Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.2%6.2%6%7.9%7.4%8.5%12.6%13.6%13.7%12.1%-
Value Creation
Index
-0.6-0.6-0.6-0.4-0.5-0.4-0.10.00.0-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 7,9828,8828,7707,4117,46110,09512,20612,71916,06927,77318,922
Sales YoY Gr.-11.3%-1.3%-15.5%0.7%35.3%20.9%4.2%26.3%72.8%-
Adj EPS 775.28.910.916.729.931.930.124.633.5
YoY Gr.-0.4%-25%69.1%23.3%52.7%79.4%6.7%-5.7%-18.3%-
BVPS (₹) 52.855.952.960.969.677.894127.1148.5165.2183.1
Adj Net
Profit
2882892183694556941,2451,3281,2521,0231,343
Cash Flow from Ops. 843986-26.71,2491,163-1,1558436,951-32.53,241-
Debt/CF from Ops. 5.44-180.23.34.8-7.411.40.6-130.71-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 14.9%30.1%31.5%72.8%
Adj EPS 15.1%17.6%-6.3%-18.3%
BVPS13.5%18.9%20.7%11.2%
Share Price 23.9% 15.2% 14.6% 36.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.812.99.615.616.722.634.828.821.815.719.3
Op. Profit
Mgn %
7.988.410.111.312.316.719.514.16.710.5
Net Profit
Mgn %
3.63.32.556.16.910.210.47.83.77.1
Debt to
Equity
2.11.72.21.61.92.62.50.70.70.5-
Working Cap
Days
218177192230196186206139916363
Cash Conv.
Cycle
182152161192161146165108613529

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.53%

Debt to equity has declined versus last 3 years average to 0.47

Return on Equity has declined versus last 3 years average to 19.20%

Net Profit has been subdued in last 3 years -6.32%

Sales growth is not so good in last 4 quarters at -24.85%

Latest Financials - Chambal Fertilisers and Chemicals Ltd.

Standalone Consolidated
TTM EPS (₹) 33.5 31.8
TTM Sales (₹ Cr.) 18,922 18,922
BVPS (₹.) 183.1 184.9
Reserves (₹ Cr.) 6,937 7,008
P/BV 1.88 1.86
PE 10.26 10.83
From the Market
52 Week Low / High (₹) 248.55 / 402.00
All Time Low / High (₹) 8.50 / 515.95
Market Cap (₹ Cr.) 13,782
Equity (₹ Cr.) 400.7
Face Value (₹) 10
Industry PE 20.5

Management X-Ray of Chambal Fert & Chem:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *18.0919.1718.8624.2024.3125.0226.3126.4326.0225.25
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Chambal Fert & Chem

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales7,9828,8828,7707,4117,46110,09512,20612,71916,06927,773
Operating Expenses 7,3678,1798,0596,6646,6798,90510,30310,25113,80425,952
Manufacturing Costs1,6632,0761,4011,1071,2231,9152,3111,8513,2585,111
Material Costs4,6625,2345,8124,7604,6326,0826,8897,3389,60319,704
Employee Cost 148166104107114127156175180190
Other Costs 894703742690710781947886763947
Operating Profit 6157037117477821,1901,9032,4682,2651,821
Operating Profit Margin (%) 7.7%7.9%8.1%10.1%10.5%11.8%15.6%19.4%14.1%6.6%
Other Income 16113613417815216618082112259
Interest 200158260247151247504302126320
Depreciation 230173876263119287289300308
Exceptional Items 0-107-39200-19733000
Profit Before Tax 3464001076177207931,3261,9591,9521,452
Tax 43163153182244247101612665382
Profit After Tax 303237-464344765451,2241,3471,2871,069
PAT Margin (%) 3.8%2.7%-0.5%5.9%6.4%5.4%10.0%10.6%8.0%3.9%
Adjusted EPS (₹)7.35.7-1.110.411.513.129.432.430.925.7
Dividend Payout Ratio (%)26%33%-173%18%17%15%14%23%24%29%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 2,1862,3162,2042,5332,8963,2383,9135,2906,1816,874
Share Capital 414414416416416416416416416416
Reserves 1,7721,9021,7872,1162,4802,8223,4974,8735,7656,458
Minority Interest0000000000
Debt4,3203,6614,4834,1525,6098,1948,9083,0763,4502,389
Long Term Debt1,0197827081,0743,1564,0323,9753,0762,3981,741
Short Term Debt3,3012,8793,7753,0782,4524,1624,93401,052648
Trade Payables1861994472272949815403881,4991,211
Others Liabilities 1,0841,0988191,1366371,4331,1691,4731,8822,040
Total Liabilities 7,7767,2747,9528,0479,43613,84614,53010,22713,01212,514

Fixed Assets

Gross Block5,4055,4901,9641,2491,3717,1657,3137,3747,5167,712
Accumulated Depreciation2,7732,9391321502023196128941,1581,449
Net Fixed Assets2,6322,5511,8321,0991,1696,8466,7016,4806,3586,262
CWIP 11445701,7074,12910985161157103
Investments 5604873162912913272893033032,140
Inventories6426948628497951,3231,1367893,1231,374
Trade Receivables3,4403,0493,8373,0232,5164,8235,5631,1752,1511,760
Cash Equivalents 242131104696215190153947
Others Assets467427505974467356605419382827
Total Assets 7,7767,2747,9528,0479,43613,84614,53010,22713,01212,514

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 843986-271,2491,163-1,1558436,951-333,241
PBT 3464001545327297931,3261,9591,9521,452
Adjustment 434453844300131467797564446578
Changes in Working Capital 210235-898576511-2203-10414772-20881482
Tax Paid -147-101-127-159-207-212-239-344-343-271
Cash Flow From Investing Activity 8-56-312-718-1,761-1,111-541-255-119-1,873
Capex -112-137-617-856-2,398-1,181-635-235-164-194
Net Investments 51-43246431-202-588-1,795
Others 701242817560691913836116
Cash Flow From Financing Activity -991-934348-4575682,260-218-5,943-213-1,862
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -257-221-875791,5901,062-126-684-788-859
Interest Paid -199-152-283-288-280-439-477-257-95-309
Dividend Paid -78-78-79-79-79-79-249-125-374-312
Others -457-483796-669-6631,716635-4,8781,044-381
Net Cash Flow -141-3974-30-584753-364-494
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)14.5110.52-2.0218.3417.5617.7834.2429.2722.4416.38
ROCE (%)7.898.595.5212.6111.4710.2514.4519.9521.2317.23
Asset Turnover Ratio0.991.181.150.930.850.870.861.031.382.18
PAT to CFO Conversion(x)2.784.16N/A2.882.44-2.120.695.16-0.033.03
Working Capital Days
Receivable Days157133143168135133155973826
Inventory Days43273242403837284430
Payable Days25132026213840233625

Chambal Fertilisers and Chemicals Ltd Stock News

Chambal Fertilisers and Chemicals Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Chambal Fert & Chem on 28-Mar-2024 16:01 is ₹342.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Chambal Fert & Chem stood at ₹13,782.4.
The latest P/E ratio of Chambal Fert & Chem as of 28-Mar-2024 16:01 is 10.26.
The latest P/B ratio of Chambal Fert & Chem as of 28-Mar-2024 16:01 is 1.88.
The 52-week high of Chambal Fert & Chem is ₹402.0 and the 52-week low is ₹248.6.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Chambal Fert & Chem is ₹18,922 ( Cr.) .

About Chambal Fertilisers and Chemicals Ltd

Chambal fertilizers & chemicals is part of KK Birla Group. It was promoted by Zuari Industries in the year 1985. Since more than two decades company has contributed to the food security of the country with responsibility. Its three hi-tech nitrogenous fertiliser (urea) plants are located at Gadepan in Kota district of Rajasthan. The three plants have an installed in leading agri states in India. These plants were commissioned in 1994, 1999 and 2019 respectively. These plants use state-of-the-art technology from Denmark, Italy, United States and Japan.

The Gadepan III Plant commissioned recently is a state-of-art fertilizer unit. It is among the most efficient plants in the world and uses the latest technologies from KBR, USA and Toyo Engineering Corporation, Japan.

The Company caters to the need of the farmers in many states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan, Madhya Pradesh, Punjab and Haryana. The company holds highest market share among private sector Urea manufacturers in the country. The company has further strengthened its position as lead fertilizer manufacturer in India after the commissioning of Gadepan III plant.

The Company has donned the mantle of providing all agri-products through a 'single window' to enable the farmer to buy all products from one source. The Company dealers provide Urea and other agri-inputs like DAP (Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate), pesticides and seeds. Most of these products are sourced from reputed suppliers and sold under the 'Uttam' umbrella brand. Today, the Company has attained a leadership position in the pesticide business in North India.

To promote sustainable farming practices, Chambal has a well-structured farmer advisory programme. Under this programme, the company organizes crop seminars, product and field demonstrations and farmer meets. Soil and water analysis is also conducted for free at Chambal's laboratories and based on the results; Chambal experts emphasize on balance use of fertilisers.

To encourage the new age farmer, a website, 'uttamkrishi.com', provides information on the weather, suitable cropping techniques and markets in Hindi language. 'Hello Uttam' toll-free telephonic helplines have been set up to answer the queries raised by farmers. Unemployed youth from villages are enrolled as 'Uttam Krishi Salhakars'. They are trained in the latest farming techniques and provide specialised services to farmers.

The company has won the Sword of Honour from the British Safety Council for two consecutive years. It has been awarded ISO 14001 (Environment Management System Standard), ISO 9001 (Quality Management System Standard) and OHSAS 18001 (Occupational Health and Safety Management System Standard) certifications.

Chambal is committed to its social responsibilities and has invested in water harvesting, healthcare, rural infrastructure, education, skill development and women empowerment. Chambal constantly tries to improve the quality of life in the areas where it operates. The Company has won several coveted awards for its Corporate Social Responsibility and Environmental footprints.

Business area of the company

Chambal Fertilisers is one of the largest private sector fertilizer producers in India. It caters to the need of the farmers in many states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan. The Company is engaged in manufacturing of Urea with three Urea plants at Gadepan, District Kota, Rajasthan. Besides, the company is engaged in Marketing of fertilizers and agrochemical products.

Awards and Recognitions

  • 1997-98: National Productivity Council, India - Shrestha Pramanpatra (Certificate of Excellence) for giving recognition to production performance in Fertiliser Industry.
  • 1999-00: Fertiliser Association of India - First Prize in Production / Technical Discipline.
  • 2001-02: Fertiliser Association of India - Best Technical Innovation Award.
  • 2002-03: Fertiliser Association of India - Award for Best Performance among Nitrogenous Fertiliser Plants.
    2008-09: West Central Railway- Best Managed Siding Award - for Minimum average detention to Rakes.
  • 2008-09: West Central Railway Platinum Card Customer Award - Railway Freight Payment over Rs. 100 Crores.
  • 2009-10: Fertiliser Association of India - Best Technical Innovation.
  • 2009-10: West Central Railway - Highest Rail-Coefficient Award.
  • 2009-10: West Central Railway - Platinum Card Customer Award.
  • 2010-11: West Central Railway - Platinum Card Customer Award.
  • 2010-11: West Central Railway - Highest Rail-Coefficient Award.
  • 2011-12: 2010-11 Fertiliser Association of India - Runners Up Award for Best Performance among Nitrogenous Fertiliser Plants.
  • 2015-16: 'Best Production Performance' for Urea plant from Fertilizer Association of India (FAI).
  • 2017-18: Best Production Performance for Urea plant from Fertilizer Association of India (FAI).

Milestones

  • 1985: Aravali Fertilisers Limited incorporated
  • 1989: Aravali Fertilisers Limited renamed Chambal Fertilisers and Chemicals Limited
  • 1990: Land acquisition completed at Gadepan (Kota) Rajasthan
  • 1993: First urea plant commissioned in October
  • 1993: Company's Initial public offering
  • 1993: Company listed on Stock Exchanges
  • 1994: First urea plant starts commercial production on 1st January
  • 1994: Company's flagship product branded as 'Uttam Veer Urea'
  • 1994: First urea rake dispatched
  • 1997: First overseas investment in a Joint Venture (IMACID) with OCP in Morocco
  • 1997: Chambal ki Chitthi launched (Initial print run - 20000 copies)
  • 1999: Second urea plant commissioned
  • 1999: Second urea plant starts commercial production
  • 2000: Uttam Bandhan programme launched
  • 2000: www.uttamkrishi.com launched
  • 2000: Certified IS0 14001:2004 by Det Norske Veritas (DNV)
  • 2005: Certified OSHAS 18001:2007 by Det Norske Veritas (DNV)
  • 2008: Certified IS0 9001:2008 by Det Norske Veritas (DNV)
  • 2010: Process Safety Management implemented
  • 2010: Urea production and sales crosses 2 million tonne mark
  • 2011: Marketing territory extended to eleven Indian states
  • 2012: Marketing territory extended to thirteen Indian states
  • 2012: Single Super Phosphate plant commissioned at Gadepan
  • 2015: Third III Plant Zero date announced in March
  • 2017: Certified EMS ISO 14001:2015 by BSI
  • 2017: Certified QMS ISO 9001:2015 by BSI
  • 2017: Certified OSHAS 18001:2007 by BSI
  • 2018: Third urea plant commissioned
  • 2019: Third urea plant starts commercial production on 1st January
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