The Fertilisers And Chemicals Travancore Ltd - Stock Valuation and Financial Performance

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

Fert Chem Travancore Share Price

681.85 -10.80 -1.56%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on Fert Chem Travancore

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

The Fertilisers And Chemicals Travancore stock performance -

mw4me loader
P/E Ratio (SA):
120.17
Market Cap:
44,819.4 Cr.
52-wk low:
227.8
52-wk high:
909

Is The Fertilisers And Chemicals Travancore Ltd an attractive stock to invest in?

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 Weak which suggest that the price of The Fertilisers And Chemicals Travancore Ltd is likely to Fall 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -28%-59.4%-76.5%-7%12.3%8.4%47.1%35%28.9%34.9%-
Value Creation
Index
NANANANANANA2.41.61.11.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2,2091,9791,7361,8671,9271,9552,7703,2594,4256,1985,242
Sales YoY Gr.--10.4%-12.3%7.5%3.2%1.4%41.7%17.7%35.8%40.1%-
Adj EPS -5.2-6.1-7-4-2-2.14.65.35.49.75.8
YoY Gr.-NANANANANANA14.3%1.5%80.1%-
BVPS (₹) -7.1-13.2-20.2-23.4-25.3-22.8-7.6-2.810.219.722.3
Adj Net
Profit
-338-396-452-262-132-136300342348625373
Cash Flow from Ops. 61.1192-20631.4224-4102141,021152555-
Debt/CF from Ops. 18.25.6-8.876.610.2-5.58.51.88.72.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 12.1%26.3%30.8%40.1%
Adj EPS NANA27.8%80.1%
BVPSNANANA92.5%
Share Price 40.8% 78.4% 86.6% 139.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
104.260.341.818.68.48.7-30.5-101.9144.364.627.5
Op. Profit
Mgn %
-7.3-9.8-11.72.58.60.710.316.513.512.69.7
Net Profit
Mgn %
-15.3-20-26.1-14-6.8-6.910.810.57.910.17.1
Debt to
Equity
-2.4-1.3-1.4-1.6-1.4-1.5-3.7-1021-
Working Cap
Days
227244257228231302222154128115139
Cash Conv.
Cycle
58501652861008546143612

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 30.80%

Net Profit is growing at healthy rate in last 3 years 27.82%

Return on Equity has declined versus last 3 years average to 27.40%

Sales growth is not so good in last 4 quarters at -20.29%

Latest Financials - The Fertilisers And Chemicals Travancore Ltd.

Standalone Consolidated
TTM EPS (₹) 5.8 5.8
TTM Sales (₹ Cr.) 5,242 5,242
BVPS (₹.) 22.3 22.3
Reserves (₹ Cr.) 795 795
P/BV 31.09 31.09
PE 120.17 120.17
From the Market
52 Week Low / High (₹) 227.75 / 908.95
All Time Low / High (₹) 14.10 / 908.95
Market Cap (₹ Cr.) 44,819
Equity (₹ Cr.) 647.1
Face Value (₹) 10
Industry PE 22.4

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 (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2,2091,9791,7361,8671,9271,9552,7703,2594,4256,198
Operating Expenses 2,3702,1871,9591,8211,7621,9492,4912,7203,8295,443
Manufacturing Costs371260265296262220360329563894
Material Costs1,5551,4611,2591,0681,0101,2721,5751,7902,7383,686
Employee Cost 257262249244249230232228230287
Other Costs 187204186214241228324372298577
Operating Profit -161-208-223451655278539596755
Operating Profit Margin (%) -7.3%-10.5%-12.9%2.4%8.5%0.3%10.1%16.5%13.5%12.2%
Other Income 2949301845273280111136
Interest 192196253305322281289245244247
Depreciation 45201821172318232730
Exceptional Items 104-2412004349720-890
Profit Before Tax -265-400-452-263-129163976350346613
Tax 0000000000
Profit After Tax -265-400-452-263-129163976350346613
PAT Margin (%) -12.0%-20.2%-26.0%-14.1%-6.7%8.3%35.2%10.8%7.8%9.9%
Adjusted EPS (₹)-4.1-6.2-7.0-4.1-2.02.515.15.45.49.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%11%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund -457-857-1,309-1,512-1,639-1,472-492-1806621,274
Share Capital 647647647647647647647647647647
Reserves -1,104-1,504-1,956-2,159-2,286-2,119-1,139-82715627
Minority Interest0000000000
Debt1,0189531,8112,4022,2782,274930153033
Long Term Debt1901611,6271,7701,7701,79690615105
Short Term Debt8287921836325074782501928
Trade Payables530723572321423419211374578378
Others Liabilities 7918115573577541,0941,9633,1553,4703,749
Total Liabilities 1,8821,6311,6321,5681,8162,3142,6133,3644,7395,434

Fixed Assets

Gross Block1,4591,4691,471322334357341392949974
Accumulated Depreciation1,1791,1821,19822365983106133161
Net Fixed Assets281287273300298298258286816814
CWIP 242522251818395543105
Investments 2144465969788698113
Inventories621551389429479652563516662978
Trade Receivables11107506364405390104175479
Cash Equivalents 7788585264756851,6671,8762,319
Others Assets8476658792105347976006511,070627
Total Assets 1,8821,6311,6321,5681,8162,3142,6133,3644,7395,434

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 61192-20631224-4102141,021152555
PBT -369-376-465-263-129163976350346613
Adjustment 267247202326344-132-658201264345
Changes in Working Capital 5931245-328-441-92463-466-399
Tax Paid 000000-11680
Cash Flow From Investing Activity -50-9-375-3416336-854-157-683
Capex -44-9-3-8-9411929-32-64-81
Net Investments -600000-598-845-183-693
Others 00083654239092
Cash Flow From Financing Activity -16-180224-94-207-45-508-368-4
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 001,0000000000
Interest Paid -139-138-176-94-82-42-49-6-6-8
Dividend Paid 0000000000
Others 123-42-6000-124-4-458-30144
Net Cash Flow -53151214-40421303-132
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/A143.7163.33
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/A32.9137.61
Asset Turnover Ratio1.271.161.091.221.180.951.121.091.091.22
PAT to CFO Conversion(x)N/AN/AN/AN/AN/A-2.520.222.920.440.91
Working Capital Days
Receivable Days22248807252281219
Inventory Days10410596778310680604948
Payable Days748211412913412173606347

The Fertilisers And Chemicals Travancore Ltd Stock 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 12-Apr-2024 10:20 is ₹681.9.
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 12-Apr-2024 10:20 the market cap of Fert Chem Travancore stood at ₹44,819.4.
The latest P/E ratio of Fert Chem Travancore as of 12-Apr-2024 10:20 is 120.2.
The latest P/B ratio of Fert Chem Travancore as of 12-Apr-2024 10:20 is 31.09.
The 52-week high of Fert Chem Travancore is ₹909.0 and the 52-week low is ₹227.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fert Chem Travancore is ₹5,242 ( 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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