SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rashtriya Chemicals and Fertilizers Ltd (RCF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524230 NSE: RCF Fertilizers | Small Cap | RCF Share Price

₹128.90 1.60 (1.26%)

As on 15-Jun'26 16:59

Rashtriya Chemicals and Fertilizers Ltd (RCF)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 524230 NSE: RCF Fertilizers | Small Cap | RCF Share Price

₹128.90 1.60 (1.26%)

As on 15-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,111 Cr.
Current Price
₹128.9
52-Week Low / High
₹106 / 164
TTM EPS
₹7.8
TTM Sales
₹18,480 Cr.
Book Value per Share
₹93
P/E Ratio
16.55
Higher than its 5-year historical median
Industry PE
15.4
Price to Book (P/B)
1.39
In line with its 5-year historical median
Price to Sales (P/S)
0.38
Lower than its 5-year historical median
EV/EBITDA
9.61
Higher than its 5-year historical median
Dividend Yield
1.05%
Profitability Efficiency
Return on Equity (ROE)
5.16%
Underperforms industry median
Return on Capital Employed (ROCE)
7.62%
Underperforms industry median
Return on Assets (ROA)
2.12%
Operating Profit Margin
4%
Net Profit Margin
1.43%
Gross Profit Margin
3.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-0.28%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
33.25%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
6.1%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹4,578 Cr.
Equity
₹551.7 Cr.
Face Value
₹10
All Time Low / High
₹4.00 / 245.00

Rashtriya Chemicals and Fertilizers stock performance

Key Ratios
mw4me loader

Check Before You Invest

Valuation

Somewhat Undervalued

Price Trend

Semi Strong
Q.1 Is Rashtriya Chemicals and Fertilizers Ltd a good quality company?
Rashtriya Chemicals and Fertilizers Ltd is a weak quality company, based on a inconsistent 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 Rashtriya Chemicals and Fertilizers Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Rashtriya Chemicals and Fertilizers Ltd vs industry peers?
Rashtriya Chemicals and Fertilizers Ltd revenue CAGR is 11.79%, 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 Rashtriya Chemicals and Fertilizers Ltd?
Promoters hold 75.00% of the Rashtriya Chemicals and Fertilizers Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Rashtriya Chemicals and Fertilizers Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.2% 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.
Rashtriya Chemicals and Fertilizers Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 7.9%6.6%4.4%7.3%6.1%10.6%17.5%22.7%6.9%7.6%-
Value Creation
Index
-0.4-0.5-0.7-0.5-0.6-0.20.30.7-0.5-0.4-

Growth Parameters

Sales 8,0997,0997,2558,8859,6988,28112,81221,45216,98116,93418,480
Sales YoY Gr.--12.4%2.2%22.5%9.1%-14.6%54.7%67.4%-20.8%-0.3%-
Adj EPS 3.23.11.52.55.16.612.918.13.94.87.8
YoY Gr.--1.3%-53.5%73.1%102.4%29.5%95.3%41.1%-78.6%23.7%-
BVPS (₹) 51.15353.15557.860.870.583.483.786.293
Adj Net
Profit
174172801392803637091,000214265430
Cash Flow from Ops. -6331,5951,078-1,636-5225,211-592787-4222,364-
Debt/CF from Ops. -4.71.11.2-2.1-9.20.4-52.4-7.81.2-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 8.5%11.8%9.7%-0.3%
Adj EPS 4.8%-1.1%-28%23.7%
BVPS6%8.3%6.9%3%
Share Price 11% 8.5% 5.7% -18.7%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
6.362.74.7911.119.623.64.65.78.7
Op. Profit
Mgn %
5.35.334.75.68.77.67.32.945.1
Net Profit
Mgn %
2.22.41.11.62.94.45.54.71.31.62.3
Debt to
Equity
1.10.60.51.11.50.60.80.40.70.60.3
Working Cap
Days
2332722262222652281249914013876
Cash Conv.
Cycle
1892161661621741276853806812

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8,0997,0997,2558,8859,6988,28112,81221,45216,98116,934
Operating Expenses + 7,6746,7257,0438,4949,1637,56511,85119,99416,50516,299
Manufacturing Costs2,7242,2722,4853,0453,1072,5624,1346,2624,8374,415
Material Costs3,5113,0733,1253,9614,5693,6236,21911,99610,00510,149
Employee Cost 496504574591617565654692543598
Other Costs 9428778598988718168441,0441,1201,137
Operating Profit 4253742123915357169611,457476635
Operating Profit Margin (%) 5.3%5.3%2.9%4.4%5.5%8.6%7.5%6.8%2.8%3.7%
Other Income + 134111120133179164169170214211
Exceptional Items 00-023-100512893404
Interest 1479667157239181130234194259
Depreciation 148141137156171175184212233263
Profit Before Tax 2652491282352035289441,274304328
Tax 93694996-51462403077686
Profit After Tax 17317979139208382704967228242
PAT Margin (%) 2.1%2.5%1.1%1.6%2.2%4.6%5.5%4.5%1.3%1.4%
Adjusted EPS (₹)3.13.31.42.53.86.912.817.54.14.4
Dividend Payout Ratio (%)35.20%33.90%42%30.50%75.30%43%30.20%30.20%30%30.10%

Valuation of RCF - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

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 + 2,8172,9252,9303,0353,1863,3573,8894,5984,6164,755
Share Capital 552552552552552552552552552552
Reserves 2,2652,3732,3782,4832,6352,8053,3384,0474,0654,203
Debt +2,7551,6591,2553,3114,6691,8632,7271,7652,8302,129
Long Term Debt1521143204256011,0431,1201,035940923
Short Term Debt2,6031,5469352,8854,0688201,6077301,8901,205
Minority Interest0000000000
Trade Payables6066347031,1549979052,3432,0111,9362,217
Others Liabilities 1,4751,3171,4361,4211,4401,5231,5781,3382,0842,176
Total Liabilities 7,6536,5366,3248,92010,2917,64710,5389,71311,46611,276

Fixed Assets

Net Fixed Assets +1,5171,5511,9131,9522,1352,1872,1402,5552,5752,929
Gross Block1,6541,8292,3292,5232,8733,1003,2333,8534,0954,697
Accumulated Depreciation1382794165717399131,0931,2981,5201,767
CWIP 150107152276433406513211431579
Investments 434562862636509421,0021,0021,105
Inventories1,1557937421,4799507872,3282,5852,5821,586
Trade Receivables4,3283,6422,8604,5534,5511,4473,0272,6093,5503,101
Cash Equivalents 3136531,5201,164653531,036
Others Assets 4573855885701,956648425686973941
Total Assets 7,6536,5366,3248,92010,2917,64710,5389,71311,46611,276

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -6331,5951,078-1,636-5225,211-592787-4222,364
PBT 2652491282352035289441,274304328
Adjustment 265242220310489299105316283427
Changes in Working Capital -10601177758-2083-11164496-1423-425-9391672
Tax Paid -104-72-28-99-99-112-218-378-70-63
Cash Flow From Investing Activity + -259-180-496-310-531-610-379-316-464-681
Capex -267-186-494-298-425-241-160-385-418-825
Net Investments -00-5-11-143-375-2731010-90
Others 763-13865559-56235
Cash Flow From Financing Activity + 811-1,406-5881,9451,052-3,131599-1,5601,032-853
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -39-170173180170501114-229261153
Interest Paid -142-101-61-152-242-157-121-223-178-238
Dividend Paid -119-73-73-40-42-223-172-226-204-68
Others 1,112-1,062-6261,9571,166-3,252779-8821,153-700
Net Cash Flow -829-5-2-11,470-372-1,088145831

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)6.256.242.694.676.711.6719.4422.794.945.16
ROCE (%)7.866.554.367.296.110.5717.4922.656.937.62
Asset Turnover Ratio1.191.021.131.171.010.921.412.121.61.49
PAT to CFO Conversion(x)-3.668.9113.65-11.77-2.5113.64-0.840.81-1.859.77
Working Capital Days
Receivable Days168.90201.30163152.30171.30132.2063.7047.9066.2071.70
Inventory Days47.5049.2038.5045.6045.7038.3044.4041.8055.5044.90
Payable Days62.5073.6078.1082.6081.4091.4082.7060.307274.70

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

Rashtriya Chemicals and Fertilizers Ltd FAQs

The current trading price of RCF on 15-Jun-2026 16:59 is ₹128.9.

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 14-Jun-2026 the market cap of RCF stood at ₹7,111.3 Cr

The latest P/E ratio of RCF as of 14-Jun-2026 is 16.55.

The latest P/B ratio of RCF as of 14-Jun-2026 is 1.39.

The 52-week high of RCF is ₹164.4 and the 52-week low is ₹106.1.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of RCF is ₹18,480 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Rashtriya Chemicals and Fertilizers Ltd is a below average quality company.

The key valuation ratios of Rashtriya Chemicals and Fertilizers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

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

About Rashtriya Chemicals and Fertilizers Ltd

Rashtriya Chemicals & Fertilizers Limited (RCF), a ‘Mini-Ratna’, is a leading fertilizers and chemicals manufacturing company with about 75% of its equity held by the Government of India. It has two operating units, one at Trombay in Mumbai and the other at Thal, Raigad district, about 100 KM from Mumbai.

The “Make in India” mission was launched by the Hon’ble Prime Minister, Shri Narendra Modi in September 2014 with an objective to give the Indian economy sustainability and global recognition. The government is committed to transforming India into a global manufacturing hub, while ensuring that manufactured goods have ‘zero defect’ and ‘zero effect’ on the environment.

In consonance with the PM’s mission and Vision 2022, RCF endeavors to be one of the main driving forces behind India’s sustainable agriculture. RCF is one of the earliest units set up in the country with a vision of growth in fertilizer production for food security. The company was the first in the country to produce complex fertilizer which was introduced in the market in 1967 under the brand name “Suphala”.  RCF took the lead in the country in setting up mega size fertilizer complex at Thal which was commissioned in the year 1985 and after that many more domestic mega plants followed suit. The company also made significant contribution in the great “Green Revolution” of the nation. RCF has also pioneered the manufacture of basic chemicals such as Methanol, Ammonia, Ammonium Nitrate, Sodium Nitrate, Sodium Nitrite, Ammonium Bicarbonate, Methyl amines, Dimethyl Formamide, Dimethyl acetamide, Formic Acid, Argon in India.

Business area of the company

The company is engaged in the manufacturing and marketing of fertilizers and industrial chemicals. The company manufactures Urea, Complex Fertilizers, Biofertilizers, Micronutrients, 100 percent water soluble fertilizers, soil conditioners and a wide range of Industrial Chemicals.

Products:

Suphala: RCF produces complex fertilizers at its Trombay unit. They are commonly known as ‘Suphala’, which has almost become a generic name for NP/NPK complexes in the farming households of the country.

Biola: This multifaceted bio-fertilizer solublizes the fixed phosphorus in the soil and makes it available to the crops. Bacteria multiply very fast in the soil and this helps to improve the texture and structure of the soil. This also helps to enhance the growth of the crops and also induces resistance against various pests and diseases.

Ujjwala Neem Coated Urea: RCF’s Ujjwala Neem Coated Urea is a chemical fertilizer produced in white round prill form containing 46% nitrogen. It is 100% water soluble and is suitable for any type of soil or crop. It can be applied through sowing, broadcasting or spraying. Ujjwala Neem Coated Urea should be applied to different crops in two to three split doses.

Microla: This product helps to retain and achieve the quality of the produce and also ensures bumper yields.The composition of Microla varies in different states due to the requirement of various micronutrients in the particular soil of the state.

Awards

FY 2017-18

  • FICCI Award for “Efficiency in Water Usage in Chemical Sector” for the year 2016-17.
  • Certificate of Merit for “ICC Award for Excellence in Energy Conservation and Management” for the year 2015-16.
  • “Certificate of Merit Award” for the year 2016-17 for Corporate Fair Business Practices (CFBP) in large enterprises sector organized by Jamnalal Bajaj Institute of Management.
  • Green leaf award of International Fertiliser Association 2017 for “Excellence in safety Health and Environment.
  • Highest achiever award in Energy savings for PAT Cycle-I by Bureau of Energy Efficiency (BEE).
  • Five star green rating from Maharashtra Pollution Control Board (MPCB) for air quality for second consecutive year.
  • First prize for “Best plant performance award” amongst all Heavy Water Plants (HWP) for the year 2017.
  • National Safety Council (NSC) Award for Longest Accident free days for the year 2017.
  • First prize by Thane Municipal Corporation for “Vegetables Grown in Container” during exhibition for Saplings,Fruits and Vegetables grown in container.

FY 2018-19

  • Prestigious ‘31st CFBP- Jamanalal Bajaj Uchit Vyavahar Puraskar for Fair Business Practices’ for the year 2018 in the category of Manufacturing Enterprises - Large.
  • Governance Now 6th PSU Award in CSR category
  • Certificate of Merit for conservation of energy in Chemical Sector from Maharashtra Energy Development Agency (MEDA) for the year 2017-18.
  • 2nd Rank for Excellence in Suggestion Scheme Contest 2018 organized by INSSAN in the Fertilizer Industries Group.
  • Bombay Chamber of Commerce and Industry CIVIC AWARDS: Sustainable Environmental Initiatives”- 2017-18
  • ICC Award for Excellence in Environment Management 2017
  • Heavy Water Plant received National Safety Council, (Maharashtra Chapter) “Certificate of Merit” for Meritorious Performance in Industrial Safety for the year 2017.
  • First prize in 12th State Level Award for “State level Excellence in Energy Conservation & Management” for the year 2017-18 from Maharashtra Engery Development Agency (MEDA), Govt. of Maharashtra.
  • Five (5) Star Green rating for air quality for the year 2018-19 by Maharashtra Pollution Control Board for the third consecutive year.

FY 2019-20

  • Greentech Environment Award - 2019 for outstanding achievements in Environmental Management.
  • Trishul Quality Circle has won Gold Trophy in International Convention on Quality Circle (ICQCC’19) in Tokyo, Japan.
  • 1st Prize towards Energy conservation award in HT Industrial consumer category above 10 MVA during TPC’s consumer meet 2019.
  • ‘Certificate of Merit’ at 14th State Level Energy Conservation Award 2018-19 constituted by Maharashtra Energy Development Agency (MEDA).
  • R&D Unit has been awarded Renewal of Recognition as “IN-HOUSE R&D UNIT”, by the Ministry of Science & Technology, New Delhi.
  • FAI Award for Excellence in Safety for the year 2018-19.
  • I.C.C. Award for Excellence in Energy Conservation and Management for the year 2018.
  • National Safety Council India declared “Certificate of Appreciation” for RCF, Thal and “Certificate of Merit” for Heavy Water Plant Thal.
  • Award for Zero accident frequency rate and Longest accident free days for the year 2018 by National Safety Council -Maharashtra.
  • NSC-MH Certificate of Merit for Zero accident frequency rate for the year 2018 to Heavy Water Plant Thal.
  • Training Provider of The Year’ Award by National Awards for Excellence in Training and Development.
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: