Madras Fertilizers
- Market cap
- ₹ 819 Cr.
- P/E
- 11.1x
- P/B
- 9.5x
- 52-week range
- 49.15 – 85.48
- ROE
- 292%
- ROCE
- 15%
- Dividend yield
- 0%
- Debt / equity
- 6.9
- Sector
- Fertilizers & Agrochemicals
- Industry
- Fertilizers
- Listed on
- NSE, BSE
About
Madras Fertilizers Limited is an India-based company, which is engaged in the manufacturing of urea and complex fertilizers. The Company is also engaged in manufacturing bio-fertilizers and trading eco-friendly agro chemicals, organic manure and City Compost under the brand name, Vijay. The Company's chemical fertilizer products include VIJAY Urea, VIJAY Complexes and VIJAY Neem Coated Urea. Its organic product is VIJAY Organic/City Compost. The Company's VIJAY Neem products are offered in 300 parts per million (ppm) and 1500 ppm, in packings of 100 milliliter (ml) to 20 liters, to suit the needs of all categories of farmers. Its VIJAY Bio-fertilizer products are offered in two categories: Nitrogen fixers and Phosphate Solubilizers. The Company's biofertilizers include Azospirillum (Paddy), Azospirillum (Other Crops), Azospirillum (Plantation Crops), Rhizobium (Groundnut), Rhizobium (Pulses), Phospho Bacteria (All Crops) and NP Bio (All Crops).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Fertilizers: 29 companies →Madras Fertilizers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)11.1 against a typical 12.8: cheaper than most peers (1st = cheapest).12th of 27
- Sales growth+21.1% against a typical +17.4% from a year earlier.10th of 23
- Profit growth−20.5% against a typical −2.3% from a year earlier.17th of 22
- Share price, 3 months−18.8% against a typical −14%.19th of 25
- Size₹ 819.2 Cr. market value against a typical ₹ 200.6 Cr. (1st = largest).6th of 21
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB+ by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CARE | CARE BB+ | Stable | 31 Dec 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 31 Dec 2025 | Reaffirmed | CARE BB+ | — | CARE | ₹ 747.8 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 11 Aug 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2026 and other business matters |
| 12 May 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2026 and other business matters |
| 30 Mar 2026 | Other business matters | To consider other business matters |
| 11 Feb 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended December 31, 2025 and other business matters |
| 11 Nov 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
| 12 Aug 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended Jun 30, 2025 and other business matters |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 385 | 556 | 758 | 655 | 532 | 799 | 555 | 672 | 510 | 419 | 699 | 814 |
| Expenses | 374 | 543 | 666 | 590 | 521 | 692 | 616 | 607 | 498 | 422 | 663 | 761 |
| Operating Profit | 12 | 13 | 92 | 65 | 11 | 107 | −61 | 65 | 12 | −3 | 36 | 53 |
| OPM % | 3% | 2.4% | 12% | 10% | 2.1% | 13% | −11% | 10% | 2.4% | −0.7% | 5% | 6% |
| Other Income | 9 | −46 | 28 | 9 | 10 | 9 | 16 | 13 | 23 | 24 | 5 | 12 |
| Interest | 14 | 16 | 24 | 17 | 15 | 15 | 16 | 15 | 14 | 14 | 15 | 15 |
| Depreciation | 3 | 3 | 1 | 3 | 2 | 3 | 4 | 3 | 3 | 4 | 4 | 4 |
| Profit before tax | 3 | −52 | 95 | 54 | 3 | 99 | −64 | 59 | 17 | 4 | 23 | 46 |
| Tax % | 0% | 0% | 7% | 25% | 52% | 24% | −19% | 25% | 25% | 29% | 7% | 25% |
| Net Profit | 3 | −52 | 88 | 40 | 2 | 75 | −52 | 44 | 13 | 3 | 21 | 35 |
| EPS in Rs | 0.21 | −3.21 | 5.48 | 2.51 | 0.1 | 4.63 | −3.26 | 2.73 | 0.8 | 0.16 | 1.3 | 2.15 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 8%
- 3 Years
- −13%
- TTM
- −5%
- 10 Years
- 11%
- 5 Years
- 92%
- 3 Years
- −22%
- TTM
- 15%
- 10 Years
- 16%
- 5 Years
- 18%
- 3 Years
- −4%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- —
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Madras Fertilizers | ₹ 53.98 | ₹ 819 Cr. | 11.1x | 9.5x | 292% | — |
| Asian Paints | ₹ 2,305.00 | ₹ 2,21,095 Cr. | 58.1x | 12.1x | 21.2% | 12.4% |
| Solar Industries India | ₹ 18,320.00 | ₹ 1,65,778 Cr. | 99.6x | 26.6x | 31.4% | 17.7% |
| Pidilite Industries | ₹ 1,514.00 | ₹ 1,54,107 Cr. | 64.8x | 14.7x | 23.8% | 16.9% |
| SRF | ₹ 2,309.00 | ₹ 68,444 Cr. | 44.6x | 6.1x | 13.8% | 11.6% |
| Linde India | ₹ 5,697.00 | ₹ 48,586 Cr. | 110.5x | 14.2x | 13.6% | 21.7% |
Management
- I. Vijayakumar
- Executive Chairman of the Board, Managing Director
- C. M. T. Britto
- Executive Director
- M. Sagar Mathews
- Executive Director - Technical
- Rajiv Yadav
- Executive Director, Additional Secretary and Financial Advisor - Department of Fertilizers
- N. Murali Krishna
- Chief Vigilance Officer
- Ram Ganesh R
- Whole Time Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.