MADRASFERTCommodities

Madras Fertilizers Limited

Fertilizers · ISIN INE414A01015 · BSE 590134 · NSE EQ · FV ₹10
Last price
₹61
+1.48%today
What this company does

Madras Fertilizers Limited operates in Fertilizers, part of the Commodities sector. It booked ₹814 cr of revenue in its latest quarter (Q1 FY27) and kept 4.2% of sales as profit. It is the 9th largest of 9 Fertilizers companies we track, by market value.

In the report:
50out of 100
Equitytale Health Score
Mixed

Healthier than 50% of companies in Commodities, on all six measures of filed financials. Each measure is ranked against the 91–173 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)
33

At close. Not part of the score.

Profitability & returns84

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality37

Whether reported profit actually arrives as cash

Growth & consistency29

Whether sales and profit have grown, and how steadily

Valuation49

What today's price implies, against our models or its peers

Governance & risk88

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

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 21% vs last year
Promoters hold 85%
No promoter shares pledged
Strong 150% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.2% net margin
! Profit down 21% vs last year
! Carries high debt (D/E 6.9)

What if I invest in MADRASFERT?

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 We do not publish price targets or predict returns.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
₹61 +1.48%
latest close · 2026-09-17
1-year return
+116.1%
52-wk low ₹2552-wk high ₹72
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/E ratio7.1Low
LowAverageHigh
P/B ratio10.71High
Below bookModerateHigh
EV / EBITDA5.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity150.4%Strong
WeakFairStrong ▸15%
Return on capital103.5%Strong
WeakFairStrong
Net margin4.2%Thin
ThinDecentStrong
EBITDA margin8.0%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity6.90High
LowModerateHigh ▸1
Interest cover4.0×Okay
RiskyOkayStrong ▸5×
Current ratio0.71Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹985 cr
Book value
₹6
EPS
₹2.15
latest quarter
Net debt
₹492 cr
owes more than its cash
Enterprise value
₹1,478 cr
EBITDA
₹260 cr
annualised
EBIT
₹246 cr
annualised
Operating margin
7.5%
Return on assets
5.9%
Earnings yield
14.06%
P/S
0.30
Sales / share
₹202.1
Tax rate
24.9%
Face value
₹10
Shares
16.1 cr
Working capital
₹-606 cr
Current assets
₹1,489 cr
Current liabilities
₹2,095 cr
Delivery %
56.3%
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
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹18₹25, midpoint ₹18

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 · Q1 FY27 (consolidated)
Revenue from Operations₹814 cr
Other Income₹12 cr
Total Income₹826 cr
Cost of Materials₹498 cr
Purchases of Stock-in-Trade₹3 cr
Inventory Change (±)₹-23 cr
Employee Benefit Expense₹27 cr
Finance Costs₹15 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹256 cr
Total Expenses₹780 cr
Profit before Tax₹46 cr
Tax Expense₹11 cr
Net Profit₹35 cr
Net margin on total income4.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹479 cr57.9%
Employee benefit expense₹27 cr3.2%
Finance costs₹15 cr1.9%
Depreciation & amortisation₹4 cr0.4%
Other expenses₹256 cr31.0%
Tax expense₹11 cr1.4%
Profit for the period₹35 cr4.2%
Total income ₹826 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue419 cr699 cr814 cr
Total income443 cr713 cr826 cr
Expenses440 cr682 cr780 cr
Profit before tax4 cr23 cr46 cr
Tax1 cr2 cr11 cr
Net profit (owners' share)3 cr21 cr35 cr
Net margin (owners' share, on revenue)0.6%3.0%4.2%
EPS (₹)0.161.332.15
YoY (latest quarter): total income +20.6% · net profit -21.5%
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹2,333 cr
Shareholder equity
₹92 cr
parent shareholders
Total debt
₹634 cr
Cash
₹142 cr
Cash flow · H1 FY26
Operating
₹325 cr
Investing
₹-195 cr
Financing
₹-82 cr
Peer comparison
Fertilizers · by market value
CompanyPriceMarket capP/E
Coromandel International Limited₹1,930₹56,929 cr37.3
Fertilizers and Chemicals Travancore Limited₹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 Limitedthis company₹61₹985 cr7.1
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
85.3%
FII / Foreign
0.0%
DII / Domestic
0.1%
Retail / others
14.7%
Smart-money activity
Bulk / block deals
SoldHRTI PRIVATE LIMITED · NSE8.97 L @ ₹126.39 Jul 24
BoughtHRTI PRIVATE LIMITED · NSE7.97 L @ ₹126.819 Jul 24
BoughtGRAVITON RESEARCH CAPITAL LLP · NSE13.87 L @ ₹127.449 Jul 24
What shareholders were asked to approve

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 · 24 Sep 2025
See the official result
1
To receive, consider and adopt the Audited Balance Sheet of the Company as at March 31, 2025 and the Statement of Profit & Loss (including other comprehensive income), Statement of Cash Flow, Statement of Changes in Equity, Notes comprising Significant Accounting Policies and other Explanatory information forming part of Financial Statements for the year ended on that date together with the Directors’ Report, Auditors’ Report and Comments of the Comptroller and Auditor General India (CAG) and our replies thereon.
Backed by 100% of shareholders other than promotersneeded 50%
18,672 votes for, 32 against
2
To authorise the Board of Directors of the Company to fix the remuneration of the Statutory Auditors of the Company for the financial year 2025-26 in terms of the provisions of Section 139(5) read with Section 142 of the Companies Act, 2013
Backed by 99% of shareholders other than promotersneeded 50%
18,572 votes for, 132 against
3
To elect Shri Amar Kushawha (DIN:11211580) as a Director on the Board of the Company
Backed by 99% of shareholders other than promotersneeded 50%
18,572 votes for, 132 against
4
Appointment of Sanjay Vishnu Shetye, (DIN:01089380) as Non-Executive Independent Director of the Company
Backed by 99% of shareholders other than promotersneeded 75%
18,557 votes for, 147 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 — 2 named members
owning 85.3% between them · as of 2026-06-30
THE PRESIDENT OF INDIA59.50%
NAFTIRAN INTER TRADE COMPANY25.77%

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.