R

Rashtriya Chemicals and Fertilizers Limited

RCF
Market snapshot · 2026-08-11 12:08 UTC

125.55

₹-1.65 (-1.30%)

MARKET CAP

₹6.93K Cr

STOCK P/E

16.2x

52W HIGH

₹164.49

52W LOW

₹106.00

BOOK VALUE

₹92.70

EPS

₹7.75

ROE

8.67%

SECTOR

Materials

DEBT/EQUITY

80.61

VOLUME

4.89L

P/B RATIO

1.35x

PEG RATIO

0.05

Sector

Materials

Themes

Fertilizers & Agro ChemicalsNavratnaPresident of India Portfolio
D
Dividend
₹156.27₹145.22₹134.18₹123.13₹112.08VolumeDDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Rashtriya Chemicals and Fertilizers Limited is an Indian manufacturer and marketer of fertilizers and industrial chemicals. Fertilizers drive its core business through Urea, Suphala, Sujala, Microla, and biofertilizer products, while Industrial Chemicals and Trading provide additional revenue. Its MoU with GAIL for a 1.27 MTPA urea plant in Maharashtra could expand future volumes, though capital intensity may pressure returns. Profit growth rose 76.3% year-on-year against 9.1% revenue growth, but declining margins question earnings quality. ROE is modest at 8.7%, while debt-to-equity of 80.61 indicates extreme leverage that materially amplifies financial risk and affects returns. At 16.4 times earnings, the stock appears fairly valued relative to the sector, rather than discounted despite profit growth. Investors must assess whether the proposed urea expansion can improve margins and offset balance-sheet pressure.

Valuation Metrics

Trading 12.9% below historical median. Valuation is stable — currently in the strongly undervalued zone (z-score: -0.87). Confidence: 84%.

Live forward EPS implies next-12-month EPS of ₹7.40. Applying the stock's normalized valuation corridor produces a fair range of ₹121.80 to ₹148.67, with base value near ₹137.57 (+9.6% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Inside normalized range

Forward EPS

₹7.40

Forward P/E

17.0x

Base Fair Value

₹137.57

Fair Range

₹121.80 - ₹148.67

Upside To Base

+9.6%

Estimate Source

Live forward EPS

Growth Estimate

+158.9%

P/E
Strongly Undervalued

5Y Average

16.01

Current

16.20

Overvalued

20.09

Undervalued

16.46

EV/EBITDA
Fair

5Y Average

11.56

Current

11.69

Overvalued

13.70

Undervalued

8.75

P/B
Strongly Undervalued

5Y Average

1.54

Current

1.35

Overvalued

1.77

Undervalued

1.31

Peers & Comparison

Sector: Materials · Theme: Fertilizers & Agro Chemicals

Fertilizers & Agro Chemicals Peers8 peers
Avg P/E: 20.7x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
CHAMBAL FERTILIZERS LTD
CHAMBLFERTFertilizers & Agro Chemicals
-11.8%9.6%
9.3x
Undervalued
-55% vs avg
-15.9%
SHARDA CROPCHEM LTD.
SHARDACROPFertilizers & Agro Chemicals
+4.9%11.9%
11.7x
Undervalued
-43% vs avg
-16.9%
PARADEEP PHOSPHATES LTD
PARADEEPFertilizers & Agro Chemicals
+63.1%4.6%
14.7x
Undervalued
-29% vs avg
-28.9%
BALAJI AMINES LIMITED
BALAMINESFertilizers & Agro Chemicals
+27.2%13.4%
33.9x
Premium
+64% vs avg
+31.7%
GUJ STATE FERT & CHEM LTD
GSFCFertilizers & Agro Chemicals
+37.0%6.1%
9.5x
Undervalued
-54% vs avg
-21.0%
KRISHANA PHOSCHEM LIMITED
KRISHANAFertilizers & Agro Chemicals
+34.6%7.7%
31.5x
Premium
+52% vs avg
+68.7%
GUJ NAR VAL FER & CHEM L
GNFCFertilizers & Agro Chemicals
+39.8%12.3%
7.6x
Undervalued
-63% vs avg
+9.1%
MADHYA BHARAT AGRO P. LTD
MBAPLFertilizers & Agro Chemicals
+1.6%8.2%
47.1x
Premium
+128% vs avg
+87.4%
WHY THESE PEERS

RASHTRIYA CHEMICALS & FER trades at a discount (16.2x vs peer avg 20.7x), suggesting potential undervaluation relative to the Fertilizers & Agro Chemicals cohort. Peers include CHAMBAL FERTILIZERS LTD, SHARDA CROPCHEM LTD., PARADEEP PHOSPHATES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹5.58K CrMar 2026

Latest net profit

₹189 CrMar 2026

Latest EPS

₹3.42Mar 2026

Net margin

6.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%2.0%4.0%6.0%8.0%0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr₹0₹1₹2₹3₹4
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-6.00K Cr0.00 Cr6.00K Cr12.00K Cr18.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +4,6844,0434,1554,9043,8804,3964,2904,5183,7303,3715,2934,2365,581
Expenses +4,4873,9144,0494,8193,6844,2804,0884,3393,5513,2135,0783,9925,256
Operating Profit19712910684195116202179178158214245324
OPM %4.2%3.2%2.5%1.7%5%2.6%4.7%4.0%4.8%4.7%4.0%6%6%
Other Income +1165867374430434254395152113
Interest443944485270765354565510379
Depreciation59565656646062637866707580
Profit before tax2099273171221610610510175141118278
Tax %18%26%29%36%20%34%26%24%28%28%25%31%32%
Net Profit +17168521098117980735410681189
EPS in Rs3.111.230.940.191.770.191.421.441.320.981.921.473.42
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +75.00%75.00%75.00%75.00%75.00%
FIIs +2.28%2.31%2.50%2.60%2.43%
DIIs +0.31%0.33%0.41%0.39%0.30%
Public +22.41%22.36%22.08%22.00%22.28%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +

Events Timeline

Compliances-Reg. 57 (1) - Certificate of interest payment/Principal in case of NCD

Aug 07, 2026PDFCompany Reports Open

Board Meeting Intimation for Intimation Of Board Meeting Of Rashtriya Chemicals And Fertilizers Limited

Aug 06, 2026PDFCompany Reports Open

The Department Of Fertilizers (Dof), Ministry Of Chemicals & Fertilizers, Government Of India, Has Issued Notification No. 12012/3/2023-UPP (E.34185) Dated 30Th July, 2026 Regarding The Fixation Of Revised Energy Norms Applicable Under The Urea Pricing Policy. As Per The Aforesaid Notification, The Revised Energy Norm For The Company''s Thal Unit Has Been Fixed At 5.984 Gcal Per Metric Tonne (PMT) With Effect From April 1, 2025, As Against The Existing Norm Of 6.200 Gcal PMT. The Revised Energy Norm Shall Remain Applicable Up To March 31,2028

Jul 31, 2026PDFCompany Reports Open

Rashtriya Chemicals And Fertilizers Limited (RCF) And GAIL (India) Limited (GAIL) Have Entered Into A Memorandum Of Understanding (Mou) On July 29 ,2026 For Establishing A Gas-Based Fertilizer Project In The State Of Maharashtra Jointly Through A Special Purpose Vehicle (SPV)

Jul 29, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Change in Management

Jul 25, 2026PDFCompany Reports Open