Madras Fertilizers Share Price & Earnings Call Analysis

₹54.48+3.87% today
Market cap
₹878 Cr
P/E
11.26
ROE
282.55%
PEG
-0.49
Price to sales
0.36
Debt to equity
6.90
52W high / low
₹83.1 / ₹51.4
Sales growth (5Y)
8.46%
EBITDA margin
4.00%
Net profit margin
3.66%
Promoter holding
85.27%
Sales (last year)
₹2,442 Cr

Madras Fertilizers Limited is engaged in the manufacturing of Urea and Complex Fertilizers. It is also involved in manufacturing Bio-fertilizers and trading eco-friendly Agro Chemicals, Organic Manure, and City Compost under the brand name ‘Vijay’. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Fertilizers & Agrochemicals
on management's own guidance

  1. Dharmaj CropGood growth
    2
  2. Anya Polytech &Good growth
    1
  3. M B Agro Prod.Good growth
    3

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Fertilizers & Agrochemicals companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Anya Polytech &20–40%Up 2%+₹194 Cr23.2
2Dharmaj Crop20–40%Up 0–2%₹862 Cr14.3
3M B Agro Prod.20–40%Flat₹8,127 Cr52.5
420–40%Flat₹7,066 Cr35.9
510–20%Up 2%+₹1,167 Cr17.4
610–20%Flat₹50,035 Cr26.8

Financials of Madras Fertilize

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Madras Fertilize

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +768529385556758655532799555672510419699
Expenses +684546374543666590521692616607498422663
Operating Profit84-171213926511107-616512-336
OPM %11%-3%3%2%12%10%2%13%-11%10%2%-1%5%
Other Income +649-46289109161323245
Interest19181416241715151615141415
Depreciation1333132343344
Profit before tax71-343-529554399-645917423
Tax %34%-0%-0%-0%7%25%52%24%-19%25%25%29%7%
Net Profit +47-343-528840275-524413321
EPS in Rs2.94-2.140.21-3.215.482.510.104.63-3.262.730.800.161.30

Financials of Madras Fertilize

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +1,6981,1981,3921,6161,5931,2921,5332,3023,4472,2282,5422,300
Expenses +1,7281,1911,3131,5921,5951,2941,3982,0563,1152,1242,4152,190
Operating Profit-3077924-2-2135247332104127110
OPM %-2%1%6%1%-0%-0%9%11%10%5%5%5%
Other Income +18-693647181272914-74465
Interest104109909412310410810089766859
Depreciation18182122233231910101214
Profit before tax-135-1904-45-130-12531662491292102
Tax %-0%-0%-0%-0%-0%-0%-0%2%25%53%30%21%
Net Profit +-135-1904-45-130-125316218566480
EPS in Rs-8.36-11.770.22-2.78-8.06-7.780.1810.0811.500.353.994.99
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Financials of Madras Fertilize

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital162162162162162162162162162162162162
Reserves-505-694-592-654-737-892-857-668-449-352-194-70
Borrowings +9149861,2541,5061,6521,8041,3781,7361,4941,5831,594634
Other Liabilities +7847984065684923445086806506146721,606
Total Liabilities1,3561,2521,2301,5821,5681,4191,1911,9111,8572,0072,2342,333
Fixed Assets +183180183162148217190190192200207216
CWIP15152226313181413252027
Investments00135149198180203250337455525575
Other Assets +1,1571,0578891,2461,1921,0187801,4561,3151,3281,4831,515
Total Assets1,3561,2521,2301,5821,5681,4191,1911,9111,8572,0072,2342,333

Financials of Madras Fertilize

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-65-19220-150-23104492-3176871751165
Cash from Investing Activity +-2-10-5-3-13-60-1522-12631
Cash from Financing Activity +6244-2451784556-527265-32019-52-34
Net Cash Flow-515-302510100-50-50369193902
Free Cash Flow-69-33212-154-3639473-324677143103-22
CFO/OP213%-289%278%-629%1,126%-5,687%365%-129%224%172%122%6%

Financials of Madras Fertilize

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3311561476515653535575
Inventory Days6812016986116102987133625547
Days Payable941291331491154911477418510090
Cash Conversion Cycle-24-648-5982004915045291033
Working Capital Days-78-180-167-165-203-336-272-149-121-218-193-200
ROCE %-5%2%15%5%-1%-2%13%28%28%11%11%15%
8out of 100

Momentum score · price trend

8 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−36.0%15%
Last 6 months−22.8%16%
Last 3 months−21.4%16%

The price is 58.2% below its all-time high of ₹125.36 (12 Jul 2024). Stocks more than 20% below their peak have their score halved, so 16 became 8.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Madras Fertilize: 0.4 × 15 + 0.4 × 16 + 0.2 × 16 = 16, halved to 8 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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