Madras Fertilizers Ltd

Madras Fertilize Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Madras Fertilizers Ltd

₹ 108 0.28%
03 Jul 9:07 a.m.
madrasfert.co.in BSE: 590134 NSE: MADRASFERT
About

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]

Key Points

Product Portfolio
The product portfolio of the company includes vijay fertilizers, vijay organic products, vijay neem products, and vijay biofertilizers etc. [1]

Website BSE NSE
  • Market Cap ₹ 1,732 Cr.
  • Current Price ₹ 108
  • High / Low ₹ 129 / 70.6
  • Stock P/E 35.2
  • Book Value ₹ -11.8
  • Dividend Yield 0.00 %
  • ROCE 10.3 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 18.9% CAGR over last 5 years
  • Debtor days have improved from 87.3 to 52.6 days.
  • Company's working capital requirements have reduced from 68.7 days to 43.4 days

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.94% over past five years.
  • Contingent liabilities of Rs.532 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Fertilizers Industry: Fertilizers

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Quarterly Results

Figures in Rs. Crores

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
460 495 382 648 777 813 912 954 768 529 385 556 758
391 443 368 570 684 710 862 869 684 546 374 543 666
Operating Profit 69 52 14 78 93 103 50 84 84 -17 12 13 92
OPM % 15% 11% 4% 12% 12% 13% 6% 9% 11% -3% 3% 2% 12%
4 1 2 3 26 2 3 3 6 4 9 -46 28
Interest 36 20 20 20 34 19 19 21 19 18 14 16 24
Depreciation 10 8 8 8 -15 3 3 3 1 3 3 3 1
Profit before tax 27 25 -11 53 100 83 31 64 71 -34 3 -52 95
Tax % 0% 0% 0% 0% 5% 24% 22% 20% 34% 0% 0% 0% 7%
27 25 -11 53 95 63 24 51 47 -34 3 -52 88
EPS in Rs 1.65 1.54 -0.71 3.31 5.92 3.91 1.48 3.17 2.94 -2.14 0.21 -3.21 5.48
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,344 2,592 1,698 1,198 1,392 1,616 1,593 1,292 1,533 2,302 3,447 2,228
2,213 2,359 1,728 1,191 1,313 1,592 1,595 1,294 1,398 2,056 3,115 2,128
Operating Profit 131 233 -30 7 79 24 -2 -2 135 247 332 100
OPM % 6% 9% -2% 1% 6% 1% -0% -0% 9% 11% 10% 4%
9 12 18 -69 36 47 18 12 7 29 14 -6
Interest 74 97 104 109 90 94 123 104 108 100 89 72
Depreciation 42 42 18 18 21 22 23 32 31 9 10 10
Profit before tax 24 106 -135 -190 4 -45 -130 -125 3 166 249 12
Tax % 0% 5% 0% 0% 0% 0% 0% 0% 0% 2% 25% 53%
24 100 -135 -190 4 -45 -130 -125 3 162 185 6
EPS in Rs 1.52 6.21 -8.36 -11.77 0.22 -2.78 -8.06 -7.78 0.18 10.08 11.50 0.35
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 7%
3 Years: 13%
TTM: -35%
Compounded Profit Growth
10 Years: -7%
5 Years: 19%
3 Years: 145%
TTM: -73%
Stock Price CAGR
10 Years: 16%
5 Years: 34%
3 Years: 47%
1 Year: 48%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 162 162 162 162 162 162 162 162 162 162 162 162
Reserves -468 -368 -505 -694 -592 -654 -737 -892 -857 -668 -449 -352
873 790 914 986 1,254 1,506 1,652 1,804 1,378 1,736 1,494 1,583
347 1,152 784 798 406 568 492 344 508 680 650 614
Total Liabilities 914 1,736 1,356 1,252 1,230 1,582 1,568 1,419 1,191 1,911 1,857 2,007
232 195 183 180 183 162 148 217 190 190 192 204
CWIP 17 18 15 15 22 26 31 3 18 14 13 21
Investments 0 0 0 0 135 149 198 180 203 250 337 455
665 1,522 1,157 1,057 889 1,246 1,192 1,018 780 1,456 1,315 1,328
Total Assets 914 1,736 1,356 1,252 1,230 1,582 1,568 1,419 1,191 1,911 1,857 2,007

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 -107 -65 -19 220 -150 -23 104 492 -317 687 164
-29 -6 -2 -10 -5 -3 -13 -60 -15 2 2 -1
-25 130 62 44 -245 178 45 56 -527 265 -320 19
Net Cash Flow -51 17 -5 15 -30 25 10 100 -50 -50 369 182

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 1 0 3 3 11 5 6 147 65 156 53 53
Inventory Days 83 56 68 120 169 86 116 102 98 71 33 46
Days Payable 63 174 94 129 133 149 115 49 114 77 43 64
Cash Conversion Cycle 21 -117 -24 -6 48 -59 8 200 49 150 44 35
Working Capital Days -38 4 -1 -49 126 151 157 159 50 125 38 43
ROCE % 24% 35% -5% 2% 15% 5% -1% -2% 13% 28% 28%

Shareholding Pattern

Numbers in percentages

14 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27% 85.27%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.15% 0.00% 0.00% 0.00% 0.00% 0.13%
0.02% 0.02% 0.03% 0.02% 0.14% 0.02% 0.06% 0.04% 0.04% 0.04% 0.04% 0.04%
14.71% 14.70% 14.70% 14.70% 14.59% 14.71% 14.52% 14.69% 14.69% 14.69% 14.69% 14.56%
No. of Shareholders 39,43839,26838,71539,10544,39243,69548,33749,39749,33048,32353,46153,498

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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