The Fertilisers And Chemicals Travancore Ltd Stock Analysis

BSE: 590024 | NSE: FACT | Fertilizers | Mid Cap

BSE Share Price 25-Nov-2022 18:01
142.35 -4.25 (-2.90%)

DeciZen - Make an Informed Decision on Fert Chem Travancore

Overall Rating

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Fert Chem Travancore Price Chart

P/E Ratio (SA) :
16.49
Market Cap :
9,211.1 Cr.
52-wk low :
82.6
52-wk high :
160
Bole Toh?

1. Is The Fertilisers And Chemicals Travancore Ltd a good quality company?

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

2. Is The Fertilisers And Chemicals Travancore Ltd undervalued or overvalued?

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

3. Is The Fertilisers And Chemicals Travancore Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of The Fertilisers And Chemicals Travancore 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 Fert Chem Travancore:

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.
The Fertilisers And Chemicals Travancore 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'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -27%-28%-59.4%-76.5%-7%12.3%8.4%47.1%35%29.2%-
Value Creation Index NANANANANANANA2.41.61.2-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,3162,2091,9791,7361,8671,9271,9552,7703,2594,4256,128
YoY Gr. Rt. %--4.6%-10.4%-12.3%7.5%3.2%1.4%41.7%17.7%35.8%-
Adj EPS -5.3-5.2-6.1-7-4-2-2.14.65.35.58.6
YoY Gr. Rt. %-NANANANANANANA14.3%3.6%-
BVPS (₹) -3-7.1-13.2-20.2-23.4-25.3-22.8-7.6-2.82.97.3
Adj Net Profit -341-338-396-452-262-132-136300342355558
Cash Flow from Ops. -10261.1192-20631.4224-4102141,021152-
Debt/CF from Ops. -9.718.25.6-8.876.610.2-5.58.51.811.8-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 7.5%18.8%31.3%35.8%
Adj EPS NANANA3.6%
BVPS 0000
Share Price 18.1% 27.5% 54.7% 27.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 2314.7104.260.341.718.68.48.7-30.5-101.97560.6169.1
Op. Profit Mgn % -7-7.3-9.8-11.72.58.60.710.316.513.513.5
Net Profit Mgn % -14.7-15.3-20-26-14-6.8-6.910.810.589.1
Debt to Equity -5.2-2.4-1.3-1.4-1.6-1.4-1.5-3.7-109.50
Working Cap Days 214227244257228231302225156128201
Cash Conv. Cycle 5066501652861008546146

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 31.30%

Sales growth is good in last 4 quarters at 92.96%

Return on Equity has declined versus last 3 years average to 169.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - The Fertilisers And Chemicals Travancore Ltd.

Standalone Consolidated
TTM EPS (₹) 8.6 8.6
TTM Sales (₹ Cr.) 6,128 6,128
BVPS (₹.) 7.3 7.3
Reserves (₹ Cr.) -176 -176
P/BV 19.56 19.57
PE 16.49 16.50
From the Market
52 Week Low / High (₹) 82.60 / 160.00
All Time Low / High (₹) 14.10 / 160.00
Market Cap (₹ Cr.) 9,211
Equity (₹ Cr.) 647.1
Face Value (₹) 10
Industry PE 9.6

Management X-Ray of Fert Chem Travancore :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fert Chem Travancore

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

The Fertilisers And Chemicals Travancore Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fert Chem Travancore on 25-Nov-2022 18:01 is : 142.3.
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 25-Nov-2022 18:01 the market cap of Fert Chem Travancore stood at ₹ 9,211.1.
The latest PE ratio of Fert Chem Travancore as of 25-Nov-2022 18:01 is 16.49.
The latest PB ratio of Fert Chem Travancore as of 25-Nov-2022 18:01 is 19.56
The 52-week high of Fert Chem Travancore is ₹ 160.0 and the 52-week low is ₹ 82.60.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Fert Chem Travancore is ₹ 6,128 ( Cr.) .

About The Fertilisers And Chemicals Travancore Ltd

Fertilisers & Chemicals Travancore (FACT), India's first large scale fertilizer unit was set up in 1943. FACT Udyogamandal started production of ammonium sulphate with an installed capacity of 10,000 MT and nitrogen in 1947. It became a Kerala State Public Sector Enterprise on 15th August 1960 and on 21st November 1962, the government of India became a major shareholder in the company.

The 2nd stage of expansion of FACT was completed in 1962. The 3rd stage of expansion of FACT was completed in 1965 with setting up of a new ammonium sulphate plant.

The FACT Engineering and Design Organization (FEDO) was set up on 24th July 1965 to meet the emerging need for indigenous capabilities in vital areas of engineering, design and consultancy for establishing large and modern fertilizer plants.  FEDO has since then diversified into chemicals, petrochemicals, hydrometallurgy, pharmaceutical and other areas. FEDO offers services from project identification and evaluation stage to plant design, procurement, project management, site supervision and commissioning of new plants as well as revamping and modernization of old plants.

FACT Engineering Works (FEW) was established on 13th April 1966 as a unit to fabricate and install equipments for fertilizer plants. Over the years FEW developed capabilities in the fabrication of pressure vessels and heat exchangers. FEW also undertook laying of cross country piping and fabrication and installation of large penstocks of hydel projects.

The Cochin division of FACT, the 2nd production unit, was set up at Ambalamedu and the 1st phase was commissioned in 1973. The 2nd phase of FACT Cochin division was commissioned in 1976.

As a part of the diversification plan from the traditional field of fertilisers and chemicals, a 50,000 tonnes per annum Caprolactam Plant at Udyogamandal was commissioned in 1990.  FACT set up a 900 TPD ammonia plant at Udyogamandal at the cost of Rs 638 crore following an order from the Kerala High Court in February 1994 on a Public Interest Litigation, to decommission the existing imported ammonia storage and handling facility at Willington Island (Cochin Port). The ammonia plant was commissioned in 1998.

The company's main business is manufacture and marketing of fertilisers, caprolactam, engineering consultancy and fabrication of equipment.

Products:

FACT manufactures fertilizers, petrochemicals and chemicals.

  • Finished products - ammonium sulphate, ammonium phosphate / complex fertilizers, caprolactam and bio fertilizers
  • Exported Products – Caprolactam and ammonium sulphate
  • Byproducts - nitric acid & soda ash, gypsum and carbon dioxide gas
  • Intermediary Products - ammonia, synthesis gas, sulphuric acid, oleum, SO2 gas and phosphoric acid

Business Divisions:

  • Udyogamandal Division
  • Petrochemical Division
  • Cochin Division
  • FACT Engineering & Design Organization (FEDO) 

Milestones:

  • 1943:   Incorporation
  • 1947:   Production started
  • 1960:   FACT came under Public Sector
  • 1962:   Govt. of India becomes major share holder
  • 1959-60: UD1st stage expansion completed
  • 1962:   UD 2nd stage expansion completed
  • 1964:   ICMA award for utilizing the byproduct gypsum
  • 1966:   UD 3rd stage expansion completed
  • 1971:   ICMA award for  technology transfer, UD 4th stage Ammonia plant
  • 1973:   UD 4th stage 150 TPD Ammonia Phosphate
  • 1965:   Establishes FACT Engineering & Designing Organization
  • 1966:   Establishes FACT Engineering Works
  • 1966:  CD Phase I license issued
  • 1973:  CD I urea plant commissioned
  • 1976:   CD II sulphuric acid plant commissioned
  • 1976:   CD II phosphoric acid plant commissioned
  • 1977:   CD II NPK trial run started
  • 1979:   CD II NPK commercial production started
  • 1984:   PD Caprolactam technical collaboration agreement
  • 1984:   PD Zero date of ASCL project
  • 1985:   PD Caprolactam licence issued
  • 1989:   FEW shifted to Palluruthy, Kochi
  • 1989:   Award for excellence in performance 1986/7 from the PM of India 
  • 1990:   CD-12 MW captive power plant
  • 1991:   PD Caprolactam commercial production started
  • 1991:   UD-new ammonium sulphate commercial production started
  • 1993:   Foundation stone - 900 TPD Ammonia plant
  • 1998:   900 TPD ammonia plant commercial productions started

Recent Development:

The Fertilisers and Chemicals Travancore (FACT) is planning to resume the production of the chemical -- caprolactam -- after a gap of six months. The production was stopped when it became a loss-making affair with unprecedented fall in demand in the domestic as well as global market.

One of the advantages of producing caprolactam is that fertilizer ammonium sulphate is also produced as a byproduct of caprolactam.

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