BSE: 500085 | NSE: CHAMBLFERT | Fertilizers | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Chambal Fertilisers and Chemicals Ltd is a average quality company.
The key valuation ratios of Chambal Fertilisers and Chemicals Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Chambal Fertilisers and Chemicals Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.6% | 5.5% | 12.6% | 11.5% | 10.3% | 14.5% | 20% | 21.2% | 17.2% | 22.3% | - |
| Value Creation Index ⓘ | -0.4 | -0.6 | -0.1 | -0.2 | -0.2 | 0.1 | 0.5 | 0.6 | 0.3 | 0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 8,882 | 8,770 | 7,411 | 7,461 | 10,095 | 12,206 | 12,719 | 16,069 | 27,773 | 17,966 | 16,271 |
| Sales YoY Gr. | - | -1.3% | -15.5% | 0.7% | 35.3% | 20.9% | 4.2% | 26.3% | 72.8% | -35.3% | - |
| Adj EPS ⓘ | 7 | 5.2 | 8.9 | 10.9 | 16.7 | 29.9 | 31.9 | 30.1 | 24.6 | 30.7 | 38.5 |
| YoY Gr. | - | -25% | 69.1% | 23.3% | 52.7% | 79.4% | 6.7% | -5.7% | -18.3% | 24.9% | - |
| BVPS (₹) ⓘ | 55.9 | 52.9 | 60.9 | 69.6 | 77.8 | 94 | 127.1 | 148.5 | 165.2 | 177.8 | 202.2 |
| Adj Net Profit ⓘ | 289 | 218 | 369 | 455 | 694 | 1,245 | 1,328 | 1,252 | 1,023 | 1,231 | 1,543 |
| Cash Flow from Ops. ⓘ | 986 | -26.7 | 1,249 | 1,163 | -1,155 | 843 | 6,951 | -32.5 | 3,241 | 3,328 | - |
| Debt/CF from Ops. ⓘ | 4 | -180.2 | 3.3 | 4.8 | -7.4 | 11.4 | 0.6 | -130.7 | 1 | 0.5 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 8.1% | 12.2% | 12.2% | -35.3% | ||||
| Adj EPS ⓘ | 17.9% | 13% | -1.3% | 24.9% | ||||
| BVPSⓘ | 13.7% | 18% | 11.8% | 7.7% | ||||
| Share Price | 23.6% | 28.5% | 8.6% | 39.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 12.9 | 9.6 | 15.6 | 16.7 | 22.6 | 34.8 | 28.8 | 21.8 | 15.7 | 17.6 | 20.3 |
| Op. Profit Mgn % ⓘ | 8 | 8.4 | 10.1 | 11.3 | 12.3 | 16.7 | 19.5 | 14.1 | 6.7 | 11.4 | 14.4 |
| Net Profit Mgn % ⓘ | 3.3 | 2.5 | 5 | 6.1 | 6.9 | 10.2 | 10.4 | 7.8 | 3.7 | 6.9 | 9.5 |
| Debt to Equity ⓘ | 1.7 | 2.2 | 1.6 | 1.9 | 2.6 | 2.5 | 0.7 | 0.7 | 0.5 | 0.3 | 0 |
| Working Cap Days ⓘ | 177 | 192 | 230 | 196 | 186 | 206 | 139 | 91 | 67 | 76 | 60 |
| Cash Conv. Cycle ⓘ | 152 | 161 | 192 | 161 | 146 | 165 | 108 | 61 | 35 | 24 | 28 |
Return on Equity has increased versus last 3 years average to 20.30%
Sales growth is growing at healthy rate in last 3 years 12.20%
Net Profit has been subdued in last 3 years -1.25%
Sales growth is not so good in last 4 quarters at -26.30%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 38.5 | 38.5 |
| TTM Sales (₹ Cr.) | 16,271 | 16,271 |
| BVPS (₹.) ⓘ | 202.2 | 204.8 |
| Reserves (₹ Cr.) ⓘ | 7,702 | 7,803 |
| P/BV ⓘ | 2.49 | 2.46 |
| PE ⓘ | 13.07 | 13.08 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 330.90 / 575.00 |
| All Time Low / High (₹) | 8.50 / 575.00 |
| Market Cap (₹ Cr.) | 20,151 |
| Equity (₹ Cr.) | 400.7 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 18.5 |
| Pledged * | 24.20 | 24.31 | 25.02 | 26.31 | 26.43 | 26.02 | 25.25 | 25.16 | 24.20 | 22.02 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,882 | 8,770 | 7,411 | 7,461 | 10,095 | 12,206 | 12,719 | 16,069 | 27,773 | 17,966 |
| Operating Expenses ⓘ | 8,179 | 8,059 | 6,664 | 6,679 | 8,905 | 10,303 | 10,251 | 13,804 | 25,952 | 15,922 |
| Manufacturing Costs | 2,076 | 1,401 | 1,107 | 1,223 | 1,915 | 2,311 | 1,851 | 3,258 | 5,111 | 3,913 |
| Material Costs | 5,234 | 5,812 | 4,760 | 4,632 | 6,082 | 6,889 | 7,338 | 9,603 | 19,704 | 10,902 |
| Employee Cost | 166 | 104 | 107 | 114 | 127 | 156 | 175 | 180 | 190 | 221 |
| Other Costs ⓘ | 703 | 742 | 690 | 710 | 781 | 947 | 886 | 763 | 947 | 887 |
| Operating Profit ⓘ | 703 | 711 | 747 | 782 | 1,190 | 1,903 | 2,468 | 2,265 | 1,821 | 2,044 |
| Operating Profit Margin (%) | 7.9% | 8.1% | 10.1% | 10.5% | 11.8% | 15.6% | 19.4% | 14.1% | 6.6% | 11.4% |
| Other Income ⓘ | 136 | 134 | 178 | 152 | 166 | 180 | 82 | 112 | 259 | 393 |
| Interest ⓘ | 158 | 260 | 247 | 151 | 247 | 504 | 302 | 126 | 320 | 182 |
| Depreciation ⓘ | 173 | 87 | 62 | 63 | 119 | 287 | 289 | 300 | 308 | 313 |
| Exceptional Items ⓘ | -107 | -392 | 0 | 0 | -197 | 33 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 400 | 107 | 617 | 720 | 793 | 1,326 | 1,959 | 1,952 | 1,452 | 1,943 |
| Tax ⓘ | 163 | 153 | 182 | 244 | 247 | 101 | 612 | 665 | 382 | 611 |
| Profit After Tax | 237 | -46 | 434 | 476 | 545 | 1,224 | 1,347 | 1,287 | 1,069 | 1,331 |
| PAT Margin (%) | 2.7% | -0.5% | 5.9% | 6.4% | 5.4% | 10.0% | 10.6% | 8.0% | 3.9% | 7.4% |
| Adjusted EPS (₹) | 5.7 | -1.1 | 10.4 | 11.5 | 13.1 | 29.4 | 32.4 | 30.9 | 25.7 | 33.2 |
| Dividend Payout Ratio (%) | 33% | -173% | 18% | 17% | 15% | 14% | 23% | 24% | 29% | 23% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 2,316 | 2,204 | 2,533 | 2,896 | 3,238 | 3,913 | 5,290 | 6,181 | 6,874 | 7,123 |
| Share Capital ⓘ | 414 | 416 | 416 | 416 | 416 | 416 | 416 | 416 | 416 | 401 |
| Reserves ⓘ | 1,902 | 1,787 | 2,116 | 2,480 | 2,822 | 3,497 | 4,873 | 5,765 | 6,458 | 6,723 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 3,661 | 4,483 | 4,152 | 5,609 | 8,194 | 8,908 | 3,076 | 3,450 | 2,389 | 1,064 |
| Long Term Debt | 782 | 708 | 1,074 | 3,156 | 4,032 | 3,975 | 3,076 | 2,398 | 1,741 | 1,064 |
| Short Term Debt | 2,879 | 3,775 | 3,078 | 2,452 | 4,162 | 4,934 | 0 | 1,052 | 648 | 0 |
| Trade Payables | 199 | 447 | 227 | 294 | 981 | 540 | 388 | 1,499 | 1,211 | 793 |
| Others Liabilities ⓘ | 1,098 | 819 | 1,136 | 637 | 1,433 | 1,169 | 1,473 | 1,882 | 2,628 | 2,898 |
| Total Liabilities ⓘ | 7,274 | 7,952 | 8,047 | 9,436 | 13,846 | 14,530 | 10,227 | 13,012 | 13,101 | 11,879 |
Fixed Assets | ||||||||||
| Gross Block | 5,490 | 1,964 | 1,249 | 1,371 | 7,165 | 7,313 | 7,374 | 7,516 | 7,712 | 8,167 |
| Accumulated Depreciation | 2,939 | 132 | 150 | 202 | 319 | 612 | 894 | 1,158 | 1,449 | 1,744 |
| Net Fixed Assetsⓘ | 2,551 | 1,832 | 1,099 | 1,169 | 6,846 | 6,701 | 6,480 | 6,358 | 6,262 | 6,423 |
| CWIP ⓘ | 44 | 570 | 1,707 | 4,129 | 109 | 85 | 161 | 157 | 103 | 184 |
| Investmentsⓘ | 487 | 316 | 291 | 291 | 327 | 289 | 303 | 303 | 2,140 | 2,235 |
| Inventories | 694 | 862 | 849 | 795 | 1,323 | 1,136 | 789 | 3,123 | 1,374 | 1,255 |
| Trade Receivables | 3,049 | 3,837 | 3,023 | 2,516 | 4,823 | 5,563 | 1,175 | 2,151 | 1,760 | 192 |
| Cash Equivalents | 21 | 31 | 104 | 69 | 62 | 151 | 901 | 539 | 47 | 120 |
| Others Assetsⓘ | 427 | 505 | 974 | 467 | 356 | 605 | 419 | 382 | 1,415 | 1,471 |
| Total Assets ⓘ | 7,274 | 7,952 | 8,047 | 9,436 | 13,846 | 14,530 | 10,227 | 13,012 | 13,101 | 11,879 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 986 | -27 | 1,249 | 1,163 | -1,155 | 843 | 6,951 | -33 | 3,241 | 3,328 |
| PBT ⓘ | 400 | 154 | 532 | 729 | 793 | 1,326 | 1,959 | 1,952 | 1,452 | 1,943 |
| Adjustment ⓘ | 453 | 844 | 300 | 131 | 467 | 797 | 564 | 446 | 578 | 352 |
| Changes in Working Capital ⓘ | 235 | -898 | 576 | 511 | -2203 | -1041 | 4772 | -2088 | 1482 | 1378 |
| Tax Paid ⓘ | -101 | -127 | -159 | -207 | -212 | -239 | -344 | -343 | -271 | -344 |
| Cash Flow From Investing Activity ⓘ | -56 | -312 | -718 | -1,761 | -1,111 | -541 | -255 | -119 | -1,873 | -384 |
| Capex | -137 | -617 | -856 | -2,398 | -1,181 | -635 | -235 | -164 | -194 | -609 |
| Net Investments | -43 | 24 | 64 | 31 | -20 | 2 | -58 | 8 | -1,795 | 63 |
| Others ⓘ | 124 | 281 | 75 | 606 | 91 | 91 | 38 | 36 | 116 | 162 |
| Cash Flow From Financing Activityⓘ | -934 | 348 | -457 | 568 | 2,260 | -218 | -5,943 | -213 | -1,862 | -2,871 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | -221 | -87 | 579 | 1,590 | 1,062 | -126 | -684 | -788 | -859 | -875 |
| Interest Paid ⓘ | -152 | -283 | -288 | -280 | -439 | -477 | -257 | -95 | -309 | -164 |
| Dividend Paid ⓘ | -78 | -79 | -79 | -79 | -79 | -249 | -125 | -374 | -312 | -312 |
| Others ⓘ | -483 | 796 | -669 | -663 | 1,716 | 635 | -4,878 | 1,044 | -381 | -1,520 |
| Net Cash Flow ⓘ | -3 | 9 | 74 | -30 | -5 | 84 | 753 | -364 | -494 | 73 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.52 | -2.02 | 18.34 | 17.56 | 17.78 | 34.24 | 29.27 | 22.44 | 16.38 | 19.02 |
| ROCE (%) | 8.59 | 5.52 | 12.61 | 11.47 | 10.25 | 14.45 | 19.95 | 21.23 | 17.23 | 22.32 |
| Asset Turnover Ratio | 1.18 | 1.15 | 0.93 | 0.85 | 0.87 | 0.86 | 1.03 | 1.38 | 2.13 | 1.44 |
| PAT to CFO Conversion(x) | 4.16 | N/A | 2.88 | 2.44 | -2.12 | 0.69 | 5.16 | -0.03 | 3.03 | 2.5 | Working Capital Days |
| Receivable Days | 133 | 143 | 168 | 135 | 133 | 155 | 97 | 38 | 26 | 20 |
| Inventory Days | 27 | 32 | 42 | 40 | 38 | 37 | 28 | 44 | 30 | 27 |
| Payable Days | 13 | 20 | 26 | 21 | 38 | 40 | 23 | 36 | 25 | 34 |
Chambal fertilizers & chemicals is part of KK Birla Group. It was promoted by Zuari Industries in the year 1985. Since more than two decades company has contributed to the food security of the country with responsibility. Its three hi-tech nitrogenous fertiliser (urea) plants are located at Gadepan in Kota district of Rajasthan. The three plants have an installed in leading agri states in India. These plants were commissioned in 1994, 1999 and 2019 respectively. These plants use state-of-the-art technology from Denmark, Italy, United States and Japan.
The Gadepan III Plant commissioned recently is a state-of-art fertilizer unit. It is among the most efficient plants in the world and uses the latest technologies from KBR, USA and Toyo Engineering Corporation, Japan.
The Company caters to the need of the farmers in many states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan, Madhya Pradesh, Punjab and Haryana. The company holds highest market share among private sector Urea manufacturers in the country. The company has further strengthened its position as lead fertilizer manufacturer in India after the commissioning of Gadepan III plant.
The Company has donned the mantle of providing all agri-products through a 'single window' to enable the farmer to buy all products from one source. The Company dealers provide Urea and other agri-inputs like DAP (Di-Ammonium Phosphate), MOP (Murate of Potash), SSP (Single Super Phosphate), pesticides and seeds. Most of these products are sourced from reputed suppliers and sold under the 'Uttam' umbrella brand. Today, the Company has attained a leadership position in the pesticide business in North India.
To promote sustainable farming practices, Chambal has a well-structured farmer advisory programme. Under this programme, the company organizes crop seminars, product and field demonstrations and farmer meets. Soil and water analysis is also conducted for free at Chambal's laboratories and based on the results; Chambal experts emphasize on balance use of fertilisers.
To encourage the new age farmer, a website, 'uttamkrishi.com', provides information on the weather, suitable cropping techniques and markets in Hindi language. 'Hello Uttam' toll-free telephonic helplines have been set up to answer the queries raised by farmers. Unemployed youth from villages are enrolled as 'Uttam Krishi Salhakars'. They are trained in the latest farming techniques and provide specialised services to farmers.
The company has won the Sword of Honour from the British Safety Council for two consecutive years. It has been awarded ISO 14001 (Environment Management System Standard), ISO 9001 (Quality Management System Standard) and OHSAS 18001 (Occupational Health and Safety Management System Standard) certifications.
Chambal is committed to its social responsibilities and has invested in water harvesting, healthcare, rural infrastructure, education, skill development and women empowerment. Chambal constantly tries to improve the quality of life in the areas where it operates. The Company has won several coveted awards for its Corporate Social Responsibility and Environmental footprints.
Business area of the company
Chambal Fertilisers is one of the largest private sector fertilizer producers in India. It caters to the need of the farmers in many states in northern, eastern, central and western regions of India and is the lead fertiliser supplier in the State of Rajasthan. The Company is engaged in manufacturing of Urea with three Urea plants at Gadepan, District Kota, Rajasthan. Besides, the company is engaged in Marketing of fertilizers and agrochemical products.
Awards and Recognitions
Milestones
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
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The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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