Khaitan Chem & Fert Ltd
NSE: KHAICHEM · Fertilizers · sector
₹43.98NSE close 2026-10-26
Key numbers
Market cap₹427 cr
Price₹43.98
52w high / low₹133 / ₹43
P/E7.9xSector median 7.9x
P/B1.5xSector median 0.9x
Book value₹30.0
Dividend yield–Sector median 1.02%
ROE21.1%Sector median 11.1%
ROCE17.0%Sector median 9.9%
OPM10.6%Sector median 8.8%
Debt / equity0.96xSector median 0.32x
EV/EBITDA6.6xSector median 6.8x
Interest cover2.9x
Current ratio1.48x
Sales growth 3y+4.1%Sector median -0.8%
Profit growth 3y+15.3%Sector median +1.5%
PEG0.52x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 20 companies in Fertilizers (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹14 cr vs borrowings ₹278 cr (FY26): borrowings are higher by ₹264 cr.
- Operating profit covered interest 2.9x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- Debtor days went from 33 (FY24) to 23 (FY26).
- Dividend paid in 3 of the last 5 financial years.
- Price ₹43.98 on 2026-10-26: -66.9% from the 52-week high, +2.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹129.82 · low ₹43.98
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 231 | 199 | 161 | 234 | 309 | 266 | 193 | 221 |
| EBITDA | 9 | 11 | 11 | 32 | 31 | 33 | 18 | 24 |
| OPM % | 3.7% | 5.4% | 6.6% | 13.5% | 10.1% | 12.2% | 9.1% | 10.7% |
| Other income | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Net profit | -3 | 13 | 9 | 21 | 21 | 20 | 1 | 11 |
| EPS (₹) | -0.32 | 1.29 | 0.89 | 2.21 | 2.21 | 2.11 | 0.13 | 1.13 |
| Revenue YoY | +33.8% | +33.7% | +20.1% | -5.7% | ||||
| Profit YoY | – | +62.9% | -85.4% | -49.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 824 | 888 | 536 | 720 | 1,002 | 988 |
| EBITDA | 122 | 78 | -30 | 23 | 113 | 105 |
| Net profit | 80 | 42 | -70 | 1 | 65 | 54 |
| EPS (₹) | 8.20 | 4.34 | -7.27 | 0.14 | 6.66 | 5.58 |
| Revenue growth | +7.8% | -39.6% | +34.4% | +39.1% | +19.9% | |
| Profit growth | -47.0% | -267.3% | – | +4,514.3% | +36.9% | |
| Dividend / share (₹) | 0.30 | 0.15 | 0.30 | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +4.1% | +15.5% | +19.9% |
| Net profit | +15.3% | +21.0% | +36.9% |
| EPS | +15.3% | +21.1% | – |
| Share price | – | -17.5% (2y) | -63.2% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 294 | 220 | 223 | 291 |
| Borrowings | – | 221 | 309 | 313 | 278 |
| Cash & equivalents | – | 16 | 4 | 16 | 14 |
| Total assets | – | 707 | 623 | 620 | 682 |
| Fixed assets | – | 123 | 127 | 123 | 115 |
| Capital work in progress | – | 3 | 2 | 1 | 3 |
| Investments | – | 3 | 4 | 5 | 7 |
| Receivables | – | 65 | 49 | 72 | 62 |
| Inventory | – | 252 | 283 | 217 | 223 |
| Payables | – | 118 | 52 | 42 | 55 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 27 | -85 | -55 | 44 | 44 |
| Cash from investing | -20 | 22 | 2 | -17 | -4 |
| Cash from financing | 40 | 63 | 54 | -27 | -40 |
| Capex | 15 | 33 | 12 | 5 | 9 |
| Free cash flow | 12 | -118 | -67 | 39 | 35 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 14.3% | -32.0% | 0.6% | 22.2% |
| ROCE % | – | 13.7% | -7.6% | 2.5% | 18.4% |
| Debtor days | – | 27 | 33 | 37 | 23 |
| Inventory days | – | 158 | 255 | 156 | 127 |
| Payable days | – | 74 | 47 | 30 | 31 |
| Cash conversion cycle (days) | – | 111 | 241 | 163 | 119 |
| Working capital days | – | 78 | 76 | 59 | 63 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 72.65% |
| FIIs | 0.08% |
| DIIs | 0.01% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 27.27% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 72.52% | 72.52% | 72.55% | 72.58% | 72.65% | 72.65% | 72.65% | 72.65% |
| Promoter group | % |
|---|---|
| Shradha Projects Ltd | 44.71% |
| The Majestic Packaging Company Private Limited | 22.83% |
| Shailesh Khaitan | 3.72% |
| Swapna Khaitan | 1.37% |
| Utsav Khaitan | 0.01% |
| S K Khaitan HUF | 0.01% |
| Public holders above 1% | % |
|---|---|
| Investor Education and Protection Fund Authority Ministry of Corporate Affairs | 3.53% |
53,746 shareholders. Pledged: 0.00% of promoter shares.
Peers in Fertilizers
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| COROMANDEL | ₹51,053 cr | 27.8x | 4.1x | 15.5% | 21.0% | 9.6% | +2.0% | 1.04% |
| FACT | ₹43,655 cr | – | 32.3x | -7.8% | 2.6% | 0.3% | -2.6% | 0.06% |
| CHAMBLFERT | ₹14,447 cr | 7.5x | 1.4x | 20.1% | 22.0% | 13.8% | -9.2% | 2.77% |
| PARADEEP | ₹14,315 cr | 13.3x | 2.1x | 19.8% | 14.5% | 9.7% | +17.8% | 0.69% |
| GSFC | ₹5,394 cr | 7.8x | 0.4x | 5.7% | 7.2% | 6.7% | -1.3% | 3.69% |
| RCF | ₹5,215 cr | 11.7x | 1.0x | 9.1% | 10.3% | 5.6% | -4.8% | 2.46% |
| NFL | ₹2,803 cr | 7.7x | 1.0x | 13.1% | 9.6% | 4.5% | -10.1% | 2.73% |
| SPIC | ₹1,120 cr | 5.5x | 0.8x | 16.0% | 12.8% | 8.8% | +1.5% | 3.56% |
| MADRASFERT | ₹827 cr | 11.6x | 9.0x | 237.8% | 20.4% | 3.7% | -12.6% | – |
| KHAICHEM | ₹427 cr | 7.9x | 1.5x | 21.1% | 17.0% | 10.6% | +4.1% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Fertilizers | ₹820 cr | 75.8% | ₹64 cr | 7.7% |
| Chemicals & Speciality Chemicals | ₹262 cr | 24.2% | ₹41 cr | 15.7% |
| Unallocated (others) | ₹0 cr | – | ₹0 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-14 | Dividend | Dividend - Rs 0.05 Per Share |
| 2023-07-21 | Dividend | Annual General Meeting/Dividend - Re 0.30 Per Share |
| 2022-06-15 | Dividend | Annual General Meeting/Dividend - Rs 0.15 Per Share |
| 2021-11-11 | Dividend | Interim Dividend - Rs 0.15 Per Share |
| 2021-06-29 | Dividend | Annual General Meeting/Dividend - Re 0.15 Per Share |
| 2020-11-09 | Dividend | Interim Dividend - Rs 0.10 Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of Straight Inorganic Fertilizers. (Single Super Phosphate): Manufacturing of Single Super Phosphate
- Manufacture of nitric acid, ammonia, commercial ammonium chloride, nitrates of potassium and other basic chemicals of nitrogenous fertilizer industry. (Sulphuric Acid): Manufacturing of Sulphuric Acid
| Sector | Commodities |
| Industry | Fertilizers |
| Sub-industry | Fertilizers |
| Symbol | KHAICHEM |
| BSE code | 507794 |
| ISIN | INE745B01028 |
| Face value | ₹1.0 |
| Incorporated | 1982-06-02 |
| Website | www.kcfl.co.in |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.