The Fertilisers And Chemicals Travancore Ltd - Stock Valuation and Financial Performance

BSE: 590024 | NSE: FACT | Fertilizers | Mid Cap

Fert Chem Travancore Share Price

806.40 -11.95 -1.46%
as on 21-Nov'24 16:59

DeciZen - make an informed investing decision on Fert Chem Travancore

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

The Fertilisers And Chemicals Travancore stock performance -

mw4me loader
P/E Ratio (SA):
0.00
Market Cap:
52,953.1 Cr.
52-wk low:
483.5
52-wk high:
1,187

Is The Fertilisers And Chemicals Travancore Ltd an attractive stock to invest in?

1. Is The Fertilisers And Chemicals Travancore Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that The Fertilisers And Chemicals Travancore Ltd is a good quality company.

2. Is The Fertilisers And Chemicals Travancore Ltd undervalued or overvalued?

The key valuation ratios of The Fertilisers And Chemicals Travancore Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is The Fertilisers And Chemicals Travancore Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of The Fertilisers And Chemicals Travancore Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Fert Chem Travancore:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
The Fertilisers And Chemicals Travancore Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % -46.7%-55.4%6%25.2%61.5%118.7%40.5%32.9%37.6%11.1%-
Value Creation
Index
NANANANANA7.52.01.41.80.0-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,9791,7361,8671,9271,9552,7703,2594,4256,1985,0554,207
Sales YoY Gr.--12.3%7.5%3.2%1.4%41.7%17.7%35.8%40.1%-18.4%-
Adj EPS -6.1-7-4-2-2.14.65.35.49.74.8-1.1
YoY Gr.-NANANANANA14.3%1.5%79.9%-50.1%-
BVPS (₹) -13.2-20.2-23.4-25.3-22.8-7.6-2.810.219.721.320.1
Adj Net
Profit
-396-452-262-132-136300342348625312-69
Cash Flow from Ops. 192-20631.4224-4102141,021152638278-
Debt/CF from Ops. 5.6-8.876.610.2-5.58.51.88.72.14.6-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11%20.9%15.8%-18.4%
Adj EPS NANA-3.1%-50.1%
BVPSNANANA8%
Share Price 37.7% 83% 91.7% 14.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
60.341.818.68.48.7-30.5-101.9144.364.623.6-5.1
Op. Profit
Mgn %
-9.8-11.72.58.60.710.316.513.512.66.81.4
Net Profit
Mgn %
-20-26.1-14-6.8-6.910.810.57.910.16.2-1.6
Debt to
Equity
-1.3-1.4-1.6-1.4-1.5-3.7-10210.90
Working Cap
Days
244257228231302222154128113137160
Cash Conv.
Cycle
5016528610085461436665

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 15.76%

Debt to equity has declined versus last 3 years average to 0.94

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -28.88%

Latest Financials - The Fertilisers And Chemicals Travancore Ltd.

Standalone Consolidated
TTM EPS (₹) -1.1 -1.1
TTM Sales (₹ Cr.) 4,207 4,207
BVPS (₹.) 20.1 20.1
Reserves (₹ Cr.) 656 656
P/BV 40.63 40.63
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 483.45 / 1187.00
All Time Low / High (₹) 14.10 / 1187.00
Market Cap (₹ Cr.) 52,953
Equity (₹ Cr.) 647.1
Face Value (₹) 10
Industry PE 17.6

Management X-Ray of Fert Chem Travancore:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Fert Chem Travancore

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,9791,7361,8671,9271,9552,7703,2594,4256,1985,055
Operating Expenses 2,1871,9591,8211,7621,9492,4912,7203,8295,4434,709
Manufacturing Costs260265296262220360329563894769
Material Costs1,4611,2591,0681,0101,2721,5751,7902,7383,6863,262
Employee Cost 262249244249230232228230287282
Other Costs 204186214241228324372298577396
Operating Profit -208-223451655278539596755346
Operating Profit Margin (%) -10.5%-12.9%2.4%8.5%0.3%10.1%16.5%13.5%12.2%6.8%
Other Income 49301845273280111136217
Interest 196253305322281289245244248247
Depreciation 20182117231823273027
Exceptional Items -2412004349720-890-246
Profit Before Tax -400-452-263-12916397635034661344
Tax 000000000-103
Profit After Tax -400-452-263-129163976350346613146
PAT Margin (%) -20.2%-26.0%-14.1%-6.7%8.3%35.2%10.8%7.8%9.9%2.9%
Adjusted EPS (₹)-6.2-7.0-4.1-2.02.515.15.45.49.52.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%11%43%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund -857-1,309-1,512-1,639-1,472-492-1806621,2741,376
Share Capital 647647647647647647647647647647
Reserves -1,504-1,956-2,159-2,286-2,119-1,139-82715627729
Minority Interest0000000000
Debt9531,8112,4022,2782,2749301530330
Long Term Debt1611,6271,7701,7701,796906151050
Short Term Debt79218363250747825019280
Trade Payables723572321423419211374578378484
Others Liabilities 8115573577541,0941,9633,1553,4703,7493,853
Total Liabilities 1,6311,6321,5681,8162,3142,6133,3644,7395,4345,712

Fixed Assets

Gross Block1,4691,4713223343573413929499741,014
Accumulated Depreciation1,1821,19822365983106133161187
Net Fixed Assets287273300298298258286816814827
CWIP 2522251818395543105222
Investments 44465969788698113130
Inventories5513894294796525635166629781,143
Trade Receivables107506364405390104175479158
Cash Equivalents 88585264756851,6671,8762,3882,679
Others Assets6658792105347976006511,070558552
Total Assets 1,6311,6321,5681,8162,3142,6133,3644,7395,4345,712

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 192-20631224-4102141,021152638278
PBT -376-465-263-12916397635034661344
Adjustment 247202326344-132-658201264345294
Changes in Working Capital 31245-328-441-92463-466-317-51
Tax Paid 00000-116800
Cash Flow From Investing Activity -9-375-3416336-854-157-765214
Capex -9-3-8-9411929-32-64-81-152
Net Investments 00000-598-845-183-761213
Others 0083654239076153
Cash Flow From Financing Activity -180224-94-207-45-508-368-5-106
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 01,00000000000
Interest Paid -138-176-94-82-42-49-6-6-9-8
Dividend Paid 000000000-65
Others -42-6000-124-4-458-30144-33
Net Cash Flow 3151214-40421303-132386
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)N/AN/AN/AN/AN/AN/AN/A143.7163.3211.03
ROCE (%)N/AN/AN/AN/AN/AN/AN/A32.9137.6211.05
Asset Turnover Ratio1.161.091.221.180.951.121.091.091.220.91
PAT to CFO Conversion(x)N/AN/AN/AN/A-2.520.222.920.441.041.9
Working Capital Days
Receivable Days224880725228121923
Inventory Days1059677831068060494877
Payable Days821141291341217360634748

The Fertilisers And Chemicals Travancore Ltd Stock News

The Fertilisers And Chemicals Travancore Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Fert Chem Travancore on 21-Nov-2024 16:59 is ₹806.4.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Fert Chem Travancore stood at ₹52,953.1.
The latest P/E ratio of Fert Chem Travancore as of 21-Nov-2024 16:59 is 0.00.
The latest P/B ratio of Fert Chem Travancore as of 21-Nov-2024 16:59 is 40.63.
The 52-week high of Fert Chem Travancore is ₹1,187 and the 52-week low is ₹483.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Fert Chem Travancore is ₹4,207 ( Cr.) .

About The Fertilisers And Chemicals Travancore Ltd

Fertilisers & Chemicals Travancore (FACT), India's first large scale fertilizer unit was set up in 1943. FACT Udyogamandal started production of ammonium sulphate with an installed capacity of 10,000 MT and nitrogen in 1947. It became a Kerala State Public Sector Enterprise on 15th August 1960 and on 21st November 1962, the government of India became a major shareholder in the company.

The 2nd stage of expansion of FACT was completed in 1962. The 3rd stage of expansion of FACT was completed in 1965 with setting up of a new ammonium sulphate plant.

The FACT Engineering and Design Organization (FEDO) was set up on 24th July 1965 to meet the emerging need for indigenous capabilities in vital areas of engineering, design and consultancy for establishing large and modern fertilizer plants.  FEDO has since then diversified into chemicals, petrochemicals, hydrometallurgy, pharmaceutical and other areas. FEDO offers services from project identification and evaluation stage to plant design, procurement, project management, site supervision and commissioning of new plants as well as revamping and modernization of old plants.

FACT Engineering Works (FEW) was established on 13th April 1966 as a unit to fabricate and install equipments for fertilizer plants. Over the years FEW developed capabilities in the fabrication of pressure vessels and heat exchangers. FEW also undertook laying of cross country piping and fabrication and installation of large penstocks of hydel projects.

The Cochin division of FACT, the 2nd production unit, was set up at Ambalamedu and the 1st phase was commissioned in 1973. The 2nd phase of FACT Cochin division was commissioned in 1976.

As a part of the diversification plan from the traditional field of fertilisers and chemicals, a 50,000 tonnes per annum Caprolactam Plant at Udyogamandal was commissioned in 1990.  FACT set up a 900 TPD ammonia plant at Udyogamandal at the cost of Rs 638 crore following an order from the Kerala High Court in February 1994 on a Public Interest Litigation, to decommission the existing imported ammonia storage and handling facility at Willington Island (Cochin Port). The ammonia plant was commissioned in 1998.

The company's main business is manufacture and marketing of fertilisers, caprolactam, engineering consultancy and fabrication of equipment.

Products:

FACT manufactures fertilizers, petrochemicals and chemicals.

  • Finished products - ammonium sulphate, ammonium phosphate / complex fertilizers, caprolactam and bio fertilizers
  • Exported Products – Caprolactam and ammonium sulphate
  • Byproducts - nitric acid & soda ash, gypsum and carbon dioxide gas
  • Intermediary Products - ammonia, synthesis gas, sulphuric acid, oleum, SO2 gas and phosphoric acid

Business Divisions:

  • Udyogamandal Division
  • Petrochemical Division
  • Cochin Division
  • FACT Engineering & Design Organization (FEDO) 

Milestones:

  • 1943:   Incorporation
  • 1947:   Production started
  • 1960:   FACT came under Public Sector
  • 1962:   Govt. of India becomes major share holder
  • 1959-60: UD1st stage expansion completed
  • 1962:   UD 2nd stage expansion completed
  • 1964:   ICMA award for utilizing the byproduct gypsum
  • 1966:   UD 3rd stage expansion completed
  • 1971:   ICMA award for  technology transfer, UD 4th stage Ammonia plant
  • 1973:   UD 4th stage 150 TPD Ammonia Phosphate
  • 1965:   Establishes FACT Engineering & Designing Organization
  • 1966:   Establishes FACT Engineering Works
  • 1966:  CD Phase I license issued
  • 1973:  CD I urea plant commissioned
  • 1976:   CD II sulphuric acid plant commissioned
  • 1976:   CD II phosphoric acid plant commissioned
  • 1977:   CD II NPK trial run started
  • 1979:   CD II NPK commercial production started
  • 1984:   PD Caprolactam technical collaboration agreement
  • 1984:   PD Zero date of ASCL project
  • 1985:   PD Caprolactam licence issued
  • 1989:   FEW shifted to Palluruthy, Kochi
  • 1989:   Award for excellence in performance 1986/7 from the PM of India 
  • 1990:   CD-12 MW captive power plant
  • 1991:   PD Caprolactam commercial production started
  • 1991:   UD-new ammonium sulphate commercial production started
  • 1993:   Foundation stone - 900 TPD Ammonia plant
  • 1998:   900 TPD ammonia plant commercial productions started

Recent Development:

The Fertilisers and Chemicals Travancore (FACT) is planning to resume the production of the chemical -- caprolactam -- after a gap of six months. The production was stopped when it became a loss-making affair with unprecedented fall in demand in the domestic as well as global market.

One of the advantages of producing caprolactam is that fertilizer ammonium sulphate is also produced as a byproduct of caprolactam.

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