FACTChemicals

Fertilizers and Chemicals Travancore Limited

Fertilizers · ISIN INE188A01015 · BSE 590024 · NSE EQ · FV ₹10
Last price
₹760
+1.44%today
What this company does

Fertilizers and Chemicals Travancore Limited operates in Fertilizers, part of the Chemicals sector. It booked ₹1,568 cr of revenue in its latest quarter (Q3 FY26) and kept -4.3% of sales as profit. It is the 2nd largest of 9 Fertilizers companies we track, by market value.

In the report:
26out of 100
Equitytale Health Score
Fragile

Healthier than 26% of companies in Chemicals, on all six measures of filed financials. Each measure is ranked against the 35–44 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns0

How much profit it earns on the money it employs · lowest in its sector on what we could measure

Balance sheet2

How much it owes, and whether earnings cover the interest · lowest in its sector on what we could measure

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency30

Whether sales and profit have grown, and how steadily

Valuation0

What today's price implies, against our models or its peers · lowest in its sector on what we could measure

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
Sales up 65% vs last year
Promoters hold 90%
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -4.3% net margin
! Low -19.8% return on equity
! Carries high debt (D/E 2.8)
! Operating cash flow is negative

What if I invest in FACT?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹760 +1.44%
latest close · 2026-09-17
1-year return
+541.7%
52-wk low ₹8252-wk high ₹920
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio35.75High
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-19.8%Loss
WeakFairStrong ▸15%
Return on capital-3.2%Loss
WeakFairStrong
Net margin-4.3%Loss
ThinDecentStrong
EBITDA margin-0.2%Loss
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity2.77High
LowModerateHigh ▸1
Interest cover-0.2×Risky
RiskyOkayStrong ▸5×
Current ratio0.91Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹49,164 cr
Book value
₹21
EPS
₹-1.05
latest quarter
Net debt
₹3,466 cr
owes more than its cash
Enterprise value
₹52,630 cr
EBITDA
₹-15 cr
annualised
EBIT
₹-49 cr
annualised
Operating margin
-0.8%
Return on assets
-4.1%
Earnings yield
P/S
7.84
Sales / share
₹96.9
Tax rate
Face value
₹10
Shares
64.7 cr
Working capital
₹-453 cr
Current assets
₹4,673 cr
Current liabilities
₹5,126 cr
Delivery %
29.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹44₹52, midpoint ₹48

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q3 FY26 (consolidated)
Revenue from Operations₹1,568 cr
Other Income₹39 cr
Total Income₹1,607 cr
Cost of Materials₹1,015 cr
Purchases of Stock-in-Trade₹424 cr
Inventory Change (±)₹-148 cr
Employee Benefit Expense₹69 cr
Finance Costs₹62 cr
Depreciation & Amortisation₹9 cr
Other Expenses₹250 cr
Total Expenses₹1,681 cr
Profit before Tax₹-74 cr
Tax Expense₹-6 cr
Net Profit₹-68 cr
Net margin on total income-4.2%
Where the money goes · Q3 FY26
% of total spend
Materials + stock-in-trade₹1,291 cr76.8%
Employee benefit expense₹69 cr4.1%
Finance costs₹62 cr3.7%
Depreciation & amortisation₹9 cr0.5%
Other expenses₹250 cr14.9%
Total income ₹1,607 cr

The company made a net loss of ₹68 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ1 FY26Q2 FY26Q3 FY26
Revenue1,043 cr1,629 cr1,568 cr
Total income1,095 cr1,681 cr1,607 cr
Expenses1,087 cr1,659 cr1,681 cr
Profit before tax7 cr21 cr-74 cr
Tax3 cr36 L-6 cr
Net profit (owners' share)4 cr21 cr-68 cr
Net margin (owners' share, on revenue)0.4%1.3%-4.3%
EPS (₹)0.070.32-1.05
YoY (latest quarter): total income +59.7% · net profit
Balance sheet & cash flow · as of Sep 2025
High debt
Total assets
₹6,677 cr
Shareholder equity
₹1,375 cr
parent shareholders
Total debt
₹3,802 cr
Cash
₹337 cr
Cash flow · H1 FY26
Operating
₹-142 cr
Investing
₹265 cr
Financing
₹-4 cr
Peer comparison
Fertilizers · by market value
CompanyPriceMarket capP/E
Coromandel International Limited₹1,930₹56,929 cr37.3
Fertilizers and Chemicals Travancore Limitedthis company₹760₹49,164 cr
Chambal Fertilizers & Chemicals Limited₹414₹16,583 cr7.9
Paradeep Phosphates Limited₹154₹15,968 cr10.2
Gujarat State Fertilizers & Chemicals Limited₹152₹6,068 cr9.6
Rashtriya Chemicals and Fertilizers Limited₹110₹6,060 cr20.6
National Fertilizers Limited₹67₹3,279 cr7.2
Southern Petrochemicals Industries Corporation Limited₹67₹1,363 cr5.7
Madras Fertilizers Limited₹61₹985 cr7.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.05%
trailing 12 months
Dividend / share (TTM)
₹0.39
Last dividend
₹0.39
ex 19 Sep 2025
ActionDetailEx-date
Dividend₹0.39 / share19 Sep 2025
Dividend₹0.97 / share20 Sep 2024
Dividend₹1 / share22 Sep 2023
Who owns it · 2026-06-30
No pledge
Promoter
90.0%
FII / Foreign
0.2%
DII / Domestic
0.1%
Retail / others
9.8%
Smart-money activity
Bulk / block deals
short · NSE23 Sep 26
short · NSE1,20326 Aug 26
short · NSE103 Jun 26
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 26 Sep 2025
See the official result
1
(a) RESOLVED THAT the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the reports of the Board of Directors and Auditors thereon be and are hereby considered, approved and adopted. (b) FURTHER RESOLVED THAT the Audited Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025 and the report of the Auditors thereon be and are hereby considered, approved and adopted.
Backed by 96% of shareholders other than promotersneeded 50%
15.21 L votes for, 61,138 against
2
RESOLVED THAT a final dividend of ₹0.39 (Thirty-nine paise) per share aggregating to Rs. 25,23,58,070 (Rupees Twenty Five Crore Twenty Three Lakh Fifty Eight Thousand Seventy Only) on equity share capital of the Company for the year ended on 31st March 2025, as recommended by the Board, be and is hereby declared
Backed by 96% of shareholders other than promotersneeded 50%
15.21 L votes for, 61,138 against
3
RESOLVED THAT the Board of Directors of the Company be and is hereby authorized to fix the remuneration of the Statutory Auditors and Branch Auditors appointed by the Comptroller and Auditor General of India (C&AG) for the financial year 2025-26
Backed by 93% of shareholders other than promotersneeded 50%
14.73 L votes for, 1.10 L against
4
RESOLVED THAT pursuant to the provisions of section 152 (6) (e) of the Companies Act, 2013, Shri. Manoj Sethi, Director (DIN: 00301439), Joint Secretary and Financial Advisor, Department of Fertilizers, Ministry of Chemicals and Fertilizers, New Delhi, be and is hereby reappointed as a Director of the Company
⚑ Passed only because promoters voted yes
Backed by 10% of shareholders other than promotersneeded 50%
1.50 L votes for, 14.32 L against
7
RESOLVED THAT pursuant to the provisions of Section 160 and other applicable provisions of the Companies Act, 2013 and the Rules made thereunder read with Articles of Association of the Company, Shri. Santosh Kumar (DIN: 11228100), Chief Controller of Accounts, Department of Fertilizers, Ministry of Chemicals and Fertilizers, New Delhi, be and is hereby appointed as a Director of the Company
⚑ Passed only because promoters voted yes
Backed by 10% of shareholders other than promotersneeded 50%
1.65 L votes for, 14.17 L against
9
RESOLVED THAT in supersession of the Ordinary Resolution passed by the shareholders through Postal Ballot on 16.03.2016, and with retrospective effect to cover borrowings made thereafter, the consent of the Members be and is hereby accorded to the Board of Directors of the Company, pursuant to Section 180(1)(c) and all other applicable provisions, if any, of the Companies Act, 2013 read with Article 47 of the Articles of Association of the Company, to borrow monies from time to time, as may be deemed requisite and proper for financing working capital requirements, for acquisition of capital assets and / or for any other requirement, provided that the monies so borrowed together with the monies already borrowed (apart from temporary loans obtained from the Company’s bankers in the ordinary course of business) shall not exceed Rs. 5,000 Crores (Rupees Five Thousand Crores only) RESOLVED FURTHER THAT for the purpose of giving effect to this Resolution, the Board or any committee or person(s) authorised by the Board, be and is / are hereby authorised to finalise, settle and execute such documents / deeds / writings/ papers / agreements as may be required and to do all acts, deeds, matters and things as may in its / his / their absolute discretion deem necessary, proper or desirable, including creation of charge through mortgage, hypothecation or by any other mode and to settle any question(s), difficulty(ies) or doubt(s) that may arise in regard to creating security(ies) as aforesaid or other considered to be in the best interest of the Company
⚑ Passed only because promoters voted yes
Backed by 15% of shareholders other than promotersneeded 50%
2.34 L votes for, 13.48 L against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 1 named members
owning 90.0% between them · as of 2026-06-30
THE PRESIDENT OF INDIA90.00%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.