Madras Fertilisers Ltd

NSE: MADRASFERT · Fertilizers · sector

₹51.36NSE close 2026-10-26

Key numbers

Market cap₹827 cr

Price₹51.36

52w high / low₹85 / ₹51

P/E11.6xSector median 7.9x

P/B9.0xSector median 0.9x

Book value₹5.7

Dividend yield–Sector median 1.02%

ROE237.8%Sector median 11.1%

ROCE20.4%Sector median 9.9%

OPM3.7%Sector median 8.8%

Debt / equity6.90xSector median 0.32x

EV/EBITDA9.0xSector median 6.8x

Interest cover2.5x

Current ratio0.71x

Sales growth 3y-12.6%Sector median -0.8%

Profit growth 3y-24.3%Sector median +1.5%

PEG–

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 ₹656 cr vs borrowings ₹634 cr (FY26): cash is higher (net cash).
Operating profit covered interest 2.5x in the last 12 months.
No promoter shares are pledged.
Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY22).
Net loss in 1 of the last 8 quarters.
Revenue was higher than a year earlier in 2 of the last 4 quarters.
Other income was 103% of net profit in the last 12 months.
Debtor days went from 53 (FY24) to 75 (FY26).
No dividend in the last 5 financial years.
Price ₹51.36 on 2026-10-26: -39.9% from the 52-week high, 0.0% 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 ₹105.49 · low ₹51.36

Quarterly results

₹ cr	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	532	800	555	672	510	419	699	814
EBITDA	11	107	-61	65	12	-3	27	53
OPM %	2.1%	13.4%	-11.0%	9.7%	2.4%	-0.7%	3.9%	6.5%
Other income	10	9	16	13	23	24	13	12
Net profit	2	75	-52	44	13	3	21	35
EPS (₹)	0.10	4.63	-3.26	2.74	0.80	0.16	1.33	2.15
Revenue YoY					-4.1%	-47.6%	+26.0%	+21.1%
Profit YoY					+719.6%	-96.6%	–	-21.5%

Standalone figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	2,302	3,447	2,228	2,542	2,300	2,442
EBITDA	238	322	50	122	102	89
Net profit	162	185	6	64	80	71
EPS (₹)	10.06	11.50	0.35	3.99	4.99	4.44
Revenue growth		+49.7%	-35.4%	+14.1%	-9.5%	-4.6%
Profit growth		+14.4%	-97.0%	+1,055.6%	+25.2%	+4.6%
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	-12.6%	+8.5%	-4.6%
Net profit	-24.3%	+94.8%	+4.6%
EPS	-24.3%	+94.3%	–
Share price	–	-22.5% (2y)	-34.0%

Balance sheet

₹ cr	FY22	FY23	FY24	FY25	FY26
Shareholders' equity	–	-287	-190	-32	92
Borrowings	–	1,494	1,583	1,594	634
Cash & equivalents	–	399	564	666	656
Total assets	–	1,857	2,007	2,233	2,333
Fixed assets	–	190	198	199	209
Capital work in progress	–	13	21	20	27
Investments	–	337	0	525	575
Receivables	–	504	321	383	472
Inventory	–	232	206	210	167
Payables	–	299	283	384	317

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY22	FY23	FY24	FY25	FY26
Cash from operations	-317	687	169	116	5
Cash from investing	2	2	-1	26	31
Cash from financing	265	-320	14	-52	-34
Capex	8	1	32	10	17
Free cash flow	-325	687	138	106	-11

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY22	FY23	FY24	FY25	FY26
ROE %	–	-64.6%	-2.9%	-198.9%	87.4%
ROCE %	–	27.1%	6.0%	9.9%	22.2%
Debtor days	–	53	53	55	75
Inventory days	–	33	46	54	47
Payable days	–	43	64	100	90
Cash conversion cycle (days)	–	43	35	9	32
Working capital days	–	-78	-124	-98	-96

Shareholding

Holder	% (2026-09-30)
Promoters	85.27%
FIIs	0.01%
DIIs	0.05%
of which Mutual funds	0.00%
Public (non-institutions)	14.68%

Quarter	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters %	85.27%	85.27%	85.27%	85.27%	85.27%	85.27%	85.27%	85.27%

Promoter group	%
The President of India	59.50%
Naftiran Inter Trade Company	25.77%

57,355 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%	–
ZUARI	₹802 cr	0.8x	0.4x	47.6%	37.2%	40.5%	-11.1%	1.02%

All 20 companies in Fertilizers →

Dividends & corporate actions

Ex-date	Action	Detail
2024-09-19	Other	Annual General Meeting
2023-09-18	Other	Annual General Meeting
2022-09-13	Other	Annual General Meeting
2021-09-22	Other	Annual General Meeting
2020-12-21	Other	Annual General Meeting
2019-09-11	Other	Annual General Meeting
2018-09-18	Other	Annual General Meeting
2017-09-14	Other	Annual General Meeting
2016-09-20	Other	Annual General Meeting
2015-09-18	Other	Annual General Meeting
2014-09-19	Other	Annual General Meeting
2013-09-17	Other	Annual General Meeting
2012-09-04	Other	Annual General Meeting
2011-09-07	Other	Annual General Meeting
2010-09-01	Other	Annual General Meeting
2009-09-03	Other	Annual General Meeting
2008-09-04	Other	Annual General Meeting
2007-09-06	Other	Agm
2006-09-14	Other	Agm
2005-09-22	Other	Agm

Documents

Links go to the original files on the exchange website.

About the company

Manufacture & Marketing Fertilizers: Production and Marketing of Urea/ BIO/Agro/ Organic and city Compost


Sector	Commodities
Industry	Fertilizers
Sub-industry	Fertilizers
Symbol	MADRASFERT
BSE code	590134
ISIN	INE414A01015
Face value	₹10.0
Incorporated	1966-12-08
Website	www.madrasfert.co.in
Plants (India / abroad)	1 / 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.