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Madras Fertilizers Ltd (MADRASFERT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590134 NSE: MADRASFERT Fertilizers | Small Cap | Madras Fertilizers Share Price

₹68.80 -1.05 (-1.50%)

As on 05-Jun'26 16:59

Madras Fertilizers Ltd (MADRASFERT)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 590134 NSE: MADRASFERT Fertilizers | Small Cap | Madras Fertilizers Share Price

₹68.80 -1.05 (-1.50%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹1,108 Cr.
Current Price
₹68.8
52-Week Low / High
₹52 / 98
TTM EPS
₹5
TTM Sales
₹2,300 Cr.
Book Value per Share
₹2.9
P/E Ratio
13.78
Higher than its 5-year historical median
Industry PE
14.6
Price to Book (P/B)
23.54
Higher than its 5-year historical median
Price to Sales (P/S)
0.48
Higher than its 5-year historical median
EV/EBITDA
5.94
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
27.70%
Outperforms industry median
Return on Assets (ROA)
3.01%
Operating Profit Margin
5%
Net Profit Margin
2.53%
Gross Profit Margin
4.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
14.07%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
22.73%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
1055.58%
Asset Quality
Promoter Holding
85.27%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-114 Cr.
Equity
₹161.1 Cr.
Face Value
₹10
All Time Low / High
₹3.25 / 134.00

Madras Fertilizers stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Madras Fertilizers Ltd a good quality company?
Madras Fertilizers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Madras Fertilizers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Madras Fertilizers Ltd vs industry peers?
Madras Fertilizers Ltd revenue CAGR is 14.49%, compared to the industry median CAGR of 8.22%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Madras Fertilizers Ltd?
Promoters hold 85.27% of the Madras Fertilizers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Madras Fertilizers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 17.5% based on the current price.

10 Year X-Ray :

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.
Madras Fertilizers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -15.7%24%12.3%-1.5%-4.7%57.8%46.5%79.4%19.3%27.7%-
Value Creation
Index
NA0.7NANANA3.12.34.70.41.0-

Growth Parameters

Sales 1,2021,3921,6161,5931,2921,5332,3023,4472,2282,5422,300
Sales YoY Gr.-15.8%16.1%-1.4%-18.9%18.6%50.2%49.7%-35.4%14.1%-
Adj EPS -8.50.2-3.7-8.1-7.80.210.111.52.645
YoY Gr.-NA-1759.1%NANANA4930%14.3%-77.8%56.5%-
BVPS (₹) -33.1-26.8-30.6-35.8-45.4-43.2-31.4-17.9-11.8-2.12.9
Adj Net
Profit
-1363.5-58.8-131-1253.216218541.164.380
Cash Flow from Ops. -19.3220-150-22.6104492-317687175116-
Debt/CF from Ops. -513.5-6.4-46.411.11.4-3.1145.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.7%14.5%3.4%14.1%
Adj EPS NANA-26.5%56.5%
BVPSNANANANA
Share Price 17.8% 18.5% -2.6% -28.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
31.2-0.712.824.619.2-0.5-27-46.7-17.3-57.91174.1
Op. Profit
Mgn %
0.65.81.5-0.1-0.18.810.89.64.754.8
Net Profit
Mgn %
-11.40.3-3.6-8.2-9.70.275.41.82.53.5
Debt to
Equity
-1.9-1.8-2-1.8-1.6-1-1.9-2.3-3.7-20.60
Working Cap
Days
32824923627228818716712714211592
Cash Conv.
Cycle
-914-9-149710087715530-60

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales1,2021,3921,6161,5931,2921,5332,3023,4472,2282,542
Operating Expenses + 1,1951,3131,5921,5951,2941,3982,0583,1152,1252,415
Manufacturing Costs431504521575297333388415734818
Material Costs6406779348828599201,4652,5441,2131,407
Employee Cost 90979910197101103106102127
Other Costs 343638384144101507662
Operating Profit 77924-2-2134244332103127
Operating Profit Margin (%) 0.6%5.7%1.5%-0.1%-0.1%8.8%10.6%9.6%4.6%5.0%
Other Income + 2338471812731144444
Exceptional Items -92-1-000000-500
Interest 1099094123104108100897668
Depreciation 1821222332319101012
Profit Before Tax -1904-45-130-12531662491292
Tax 000000463627
Profit After Tax -1904-45-130-1253162185664
PAT Margin (%) -15.8%0.3%-2.8%-8.2%-9.7%0.2%7.1%5.4%0.3%2.5%
Adjusted EPS (₹)-11.80.2-2.8-8.1-7.80.210.111.50.44.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Madras Fertilizers - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + -532-430-492-575-730-695-505-287-190-32
Share Capital 162162162162162162162162162162
Reserves -694-592-654-737-892-857-668-449-352-194
Debt +598342511573641122422119153110
Long Term Debt1661361077951269000
Short Term Debt43220640449558996413119153110
Minority Interest0000000000
Trade Payables227246382277116288309288283384
Others Liabilities 9591,0721,1811,2931,3911,4761,6851,7951,7661,795
Total Liabilities 1,2521,2301,5821,5681,4191,1911,9111,9152,0122,257

Fixed Assets

Net Fixed Assets +180182160146216189189190198206
Gross Block963203203211320329338349365384
Accumulated Depreciation783214364104140149159167178
CWIP 1522263131814132520
Investments 0135149198180203251337455525
Inventories211314220281239247284232206210
Trade Receivables9442027522273984504321383
Cash Equivalents flag 32227371338032399575666
Others Assets 804531980849125182158239231248
Total Assets 1,2521,2301,5821,5681,4191,1911,9111,9152,0122,257

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -19220-150-23104492-317687175116
PBT -1904-45-130-12531672491292
Adjustment 966384125119129128774147
Changes in Working Capital 74153-189-18110360-61242012716
Tax Paid 0000001-58-5-38
Cash Flow From Investing Activity + -10-5-3-13-60-1522-126
Capex -14-8-4-14-92-6-2-1-15-10
Net Investments 0000000000
Others 331132-10331436
Cash Flow From Financing Activity + 44-2451784556-527265-32019-52
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -28-19-21-45-37-46-38-24-16-9
Dividend Paid 0000000000
Others 73-2261999194-481303-29735-44
Net Cash Flow 15-302510100-50-5036919390

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio0.921.131.161.010.871.171.481.81.131.19
PAT to CFO Conversion(x)N/A55N/AN/AN/A164-1.963.7129.171.81
Working Capital Days
Receivable Days3.506.907.105.4077.5094.7099.7078.7067.6050.60
Inventory Days60.7068.2059.7057.3073.5057.9042.1027.3035.9029.90
Payable Days140127.50122.70136.4083.6080.2074.3042.8085.9086.60

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Madras Fertilizers Ltd FAQs

The current trading price of Madras Fertilizers on 05-Jun-2026 16:59 is ₹68.80.

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 04-Jun-2026 the market cap of Madras Fertilizers stood at ₹1,108.4 Cr

The latest P/E ratio of Madras Fertilizers as of 04-Jun-2026 is 13.78.

The latest P/B ratio of Madras Fertilizers as of 04-Jun-2026 is 23.54.

The 52-week high of Madras Fertilizers is ₹98.40 and the 52-week low is ₹52.25.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Madras Fertilizers is ₹2,300 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Madras Fertilizers Ltd is a average quality company.

The key valuation ratios of Madras Fertilizers Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

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

About Madras Fertilizers Ltd

Madras Fertilizers (MFL) was incorporated on December 8, 1966 as a joint venture between GOI and AMOCO India incorporated of U.S.A (AMOCO) in accordance with the Fertilizer Formation Agreement executed on May 14, 1966 with equity contributions of 51% and 49% respectively. In accordance with the participation agreement between GOI, AMOCO and National Iranian Oil Company (NIOC), an undertaking of Government of Iran, NIOC acquired 50% of the shareholding of AMOCO in MFL on November 22, 1972. With this acquisition, shareholding of AMOCO and NIOC were at 24.5% each, with the balance 51% being held by GOI. Subsequently, on July 22, 1985, the shareholding of AMOCO was proportionately purchased by GOI and NIOC. As a result, GOI and NIOC shareholding was revised to 67.55% and 32.45% respectively. Subsequent to the issue of rights shares in 1994 for part-financing the project, the holding of GOI and NIOC stood at 69.78% and 30.22% respectively. MFL had an initial public offering of its shares in May 1997.

Business area of the company

The company is engaged in the manufacture of Ammonia, Urea, Complex Fertilizers and Biofertilizers. The company’s activities include marketing of these fertilizers and trading in Agro Chemicals in accordance with the corporate objective. It has been striving to develop and maintain an Organisational environment, that motivates the individual, encourages personal initiative, innovation and creativity. The company is also engaged in manufacturing Bio-fertilizers and marketing of eco-friendly Organic fertilizers and Neem Pesticides under the brand name “VIJAY”.

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