Madras Fertilizers

₹88.8 1.2 | 1.3%

WEBSITE BSE:590134 NSE : MADRASFERT 18 May, 12:50

Market Cap ₹1431 Cr.

Stock P/E -40.4

P/B -3.9

Current Price ₹88.8

Book Value ₹ -23

Face Value 10

52W High ₹124.3

Dividend Yield 0%

52W Low ₹ 66.2

Edit Ratio

Madras Fertilizers Research see more...

Overview Inc. Year: 1966Industry: Fertilizers

Madras Fertilizers Ltd is engaged in production of chemical fertilizers. The Company is engaged inside the manufacture of Ammonia, Urea and Complex Fertilizers (N:P and N:P:K) at Manali, Chennai. It is also engaged in producing bio-fertilizers and advertising agro chemical compounds below the logo name, VIJAY. It operates through fertilizer manufacture section. Its chemical fertilizers consist of neem, neem coated urea, muriate of potash (MOP) (imported) and diammonium phosphate (DAP) (imported). VIJAY Urea with over 46% nitrogen is a nitrogenous fertilizer appropriate for all plants and all soil sorts. It can be used one by one as a top dressing fertilizer or in aggregate with different fertilizers also. It is also appropriate for foliar application. VIJAY complexes are granulated fertilizers containing phosphorous, potash and nitrogen. The Company sells its merchandise in India.

Madras Fertilizers Share Price

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Madras Fertilizers Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	382	648	777	813	912	954	768	529	385	556
Other Income	2	3	26	2	3	3	7	4	9	10
Total Income	384	651	803	815	915	957	775	533	394	566
Total Expenditure	368	570	684	710	862	869	684	546	374	543
Operating Profit	16	81	119	105	53	88	91	-13	20	23
Interest	20	20	34	19	19	21	19	18	14	16
Depreciation	8	8	-15	3	3	3	1	3	3	3
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	-56
Profit Before Tax	-11	53	100	83	31	64	71	-34	3	-52
Provision for Tax	0	0	5	20	7	13	24	0	0	0
Profit After Tax	-11	53	95	63	24	51	47	-34	3	-52
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	-11	53	95	63	24	51	47	-34	3	-52
Adjusted Earnings Per Share	-0.7	3.3	5.9	3.9	1.5	3.2	2.9	-2.1	0.2	-3.2

Madras Fertilizers Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	2346	2593	1702	1202	1392	1616	1593	1292	1533	2302	3447	2238
Other Income	9	13	18	23	38	47	18	12	7	31	14	30
Total Income	2355	2606	1719	1225	1429	1663	1611	1304	1540	2333	3461	2268
Total Expenditure	2215	2361	1732	1195	1313	1592	1595	1294	1398	2058	3115	2147
Operating Profit	140	245	-13	30	117	71	16	11	142	275	347	121
Interest	74	97	104	109	90	94	123	104	108	100	89	67
Depreciation	42	42	18	18	21	22	23	32	31	9	10	10
Exceptional Income / Expenses	0	0	0	-92	-1	-0	0	0	0	0	0	-56
Profit Before Tax	24	106	-135	-190	4	-45	-130	-125	3	166	249	-12
Provision for Tax	0	6	0	0	0	0	0	0	0	4	63	24
Profit After Tax	24	100	-135	-190	4	-45	-130	-125	3	162	185	-36
Adjustments	0	0	0	0	0	0	49	0	0	0	0	0
Profit After Adjustments	24	100	-135	-190	4	-45	-81	-125	3	162	185	-36
Adjusted Earnings Per Share	1.5	6.2	-8.4	-11.8	0.2	-2.8	-8.1	-7.8	0.2	10.1	11.5	-2.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	50%	39%	16%	4%
Operating Profit CAGR	26%	216%	37%	10%
PAT CAGR	14%	0%	0%	23%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	28%	45%	34%	17%
ROE Average	0%	0%	0%	0%
ROCE Average	28%	23%	13%	11%

Madras Fertilizers Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	-306	-206	-343	-532	-430	-492	-575	-730	-695	-505	-287
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	262	229	197	166	136	107	79	51	26	9	0
Other Non-Current Liabilities	20	18	17	18	19	36	41	45	42	81	125
Total Current Liabilities	939	1695	1485	1600	1505	1931	2024	2052	1818	2327	2077
Total Liabilities	914	1736	1356	1252	1230	1582	1568	1419	1191	1911	1915
Fixed Assets	233	194	183	180	182	160	146	216	189	189	190
Other Non-Current Assets	27	32	32	31	177	194	247	207	247	301	388
Total Current Assets	654	1509	1140	1041	871	1227	1175	996	755	1421	1337
Total Assets	914	1736	1356	1252	1230	1582	1568	1419	1191	1911	1915

Madras Fertilizers Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	57	6	23	18	32	2	27	0	100	50	0
Cash Flow from Operating Activities	3	-107	-65	-19	220	-150	-23	104	492	-317	687
Cash Flow from Investing Activities	-29	-6	-2	-10	-5	-3	-13	-60	-15	2	2
Cash Flow from Financing Activities	-25	130	62	44	-245	178	45	56	-527	265	-320
Net Cash Inflow / Outflow	-51	17	-5	15	-30	25	10	100	-50	-50	369
Closing Cash & Cash Equivalent	6	23	18	32	2	27	37	100	50	-0	369

Madras Fertilizers Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	1.52	6.21	-8.36	-11.77	0.22	-2.78	-8.06	-7.78	0.18	10.08	11.5
CEPS(Rs)	4.11	8.84	-7.27	-10.64	1.55	-1.42	-6.63	-5.82	2.11	10.67	12.1
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	-19.07	-12.86	-21.33	-33.1	-26.76	-30.61	-35.77	-45.36	-43.22	-31.44	-17.88
Core EBITDA Margin(%)	5.57	8.97	-1.78	0.55	5.62	1.47	-0.13	-0.14	8.77	10.6	9.64
EBIT Margin(%)	4.17	7.82	-1.78	-6.67	6.69	3	-0.45	-1.62	7.21	11.55	9.78
Pre Tax Margin(%)	1.04	4.07	-7.9	-15.74	0.25	-2.75	-8.15	-9.7	0.19	7.23	7.21
PAT Margin (%)	1.04	3.85	-7.9	-15.74	0.25	-2.75	-8.15	-9.7	0.19	7.05	5.38
Cash Profit Margin (%)	2.82	5.49	-6.87	-14.23	1.77	-1.4	-6.7	-7.25	2.22	7.46	5.65
ROA(%)	2.84	7.55	-8.71	-14.54	0.29	-3.19	-8.24	-8.39	0.22	10.47	9.69
ROE(%)	0	0	0	0	0	0	0	0	0	0	0
ROCE(%)	19.31	27.44	-3.25	-8.69	10.95	5.33	-0.69	-1.95	12.62	27.84	27.68
Receivable days	0.3	0.27	1.46	3.47	6.89	7.13	5.41	77.54	94.67	99.65	78.74
Inventory Days	47.39	37.32	44.26	60.74	68.23	59.72	57.34	73.5	57.88	42.05	27.3
Payable days	63.25	116.16	170.43	139.97	127.48	122.68	136.34	83.57	80.15	74.3	43.6
PER(x)	7.84	2.36	0	0	88.07	0	0	0	141.98	4.92	5.01
Price/Book(x)	-0.62	-1.14	-0.75	-0.35	-0.72	-1.05	-0.57	-0.27	-0.59	-1.58	-3.22
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.45	0.51	0.9	1.31	1.12	1.24	1.22	1.44	1.11	1.09	0.59
EV/Core EBITDA(x)	7.57	5.43	-120.29	53	13.41	28.07	123.13	174.83	12.02	9.08	5.84
Net Sales Growth(%)	6.27	10.53	-34.38	-29.39	15.82	16.13	-1.43	-18.9	18.64	50.19	49.73
EBIT Growth(%)	-42.99	107.1	-114.98	-164.19	216.94	-47.9	-114.71	-190.28	628.95	140.51	26.81
PAT Growth(%)	-78.18	309.33	-234.64	-40.72	101.87	-1365.82	-189.71	3.51	102.29	5557.49	14.14
EPS Growth(%)	-78.18	309.33	-234.64	-40.72	101.87	-1366.04	-189.71	3.51	102.29	5555.89	14.14
Debt/Equity(x)	-2.85	-5.43	-3.79	-2.68	-2.91	-3.06	-2.87	-2.47	-1.98	-3.43	-5.2
Current Ratio(x)	0.7	0.89	0.77	0.65	0.58	0.64	0.58	0.49	0.42	0.61	0.64
Quick Ratio(x)	0.37	0.76	0.64	0.52	0.37	0.52	0.44	0.37	0.28	0.49	0.53
Interest Cover(x)	1.33	2.09	-0.29	-0.74	1.04	0.52	-0.06	-0.2	1.03	2.67	3.81
Total Debt/Mcap(x)	4.55	4.74	5	7.61	4.02	2.91	5.01	9.1	3.38	2.17	1.61

Madras Fertilizers Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	85.27	85.27	85.27	85.27	85.27	85.27	85.27	85.27	85.27	85.27
FII	0.01	0	0.12	0	0.15	0	0	0	0	0.13
DII	0.02	0.02	0.02	0.02	0.04	0.02	0.02	0.02	0.02	0.02
Public	14.69	14.71	14.59	14.71	14.54	14.71	14.71	14.71	14.7	14.58
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	13.74	13.74	13.74	13.74	13.74	13.74	13.74	13.74	13.74	13.74
FII	0	0	0.02	0	0.02	0	0	0	0	0.02
DII	0	0	0	0	0.01	0	0	0	0	0
Public	2.37	2.37	2.35	2.37	2.34	2.37	2.37	2.37	2.37	2.35
Others	0	0	0	0	0	0	0	0	0	0
Total	16.11	16.11	16.11	16.11	16.11	16.11	16.11	16.11	16.11	16.11

Pros

Stock is trading at -3.9 times its book value
Debtor days have improved from 74.3 to 43.6days.
Company has reduced debt.
Company is almost debt free.

Cons

Though the company is reporting repeated profits, it is not paying out dividend.
Company has a low return on equity of 0% over the last 3 years.

* 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.

Madras Fertilizers News

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Madras Fertilizers

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Madras Fertilizers Research see more...

Overview Inc. Year: 1966Industry: Fertilizers

Madras Fertilizers Share Price

Alert Data

Quarterly Price

Peer Comparison

Madras Fertilizers Quarterly Results

Madras Fertilizers Profit & Loss

Growth Rates

Madras Fertilizers Balance Sheet

Madras Fertilizers Cash Flow

Madras Fertilizers Ratios

Madras Fertilizers Shareholding Pattern

Madras Fertilizers News

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