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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Madras Fertilizers Ltd

About the Company - Madras Fertilizers Ltd

Madras Fertilizers Ltd. is a Public Limited Listed company incorporated on 08/12/1966 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L32201TN1966GOI005469 and registration number is 005469. Currently Company is involved in the business activities of Manufacture of fertilizers and nitrogen compounds. Company’s Total Operating Revenue is Rs. 2302.16 Cr. and Equity Capital is Rs. 162.14 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Agro Chemicals/PesticidesPost Bag No.2, Manali, Chennai (Madras) Tamil Nadu 600068cs@madrasfert.co.in
http://www.madrasfert.co.in
Management
NamePosition Held
Mr. Sanjay ShetyeNon Official Independent Director
Mr. Nalabothu Venkata RaoNon Official Independent Director
Dr. C R JayanthiNon Official Independent Director
Mr. K GurumurthyGovernment Nominee Director
Mr. Mohammad Bagher DakhiliNominee Director
Mr. Babak BagherpourNominee Director
Mrs. Samieh KokabiNominee Director
Mr. U SaravananChairman & Managing Director
Mr. Harsh MalhotraDirector - Technical

Madras Fertilizers Ltd. Share Price Update

Share PriceValue
Today₹101.20
Previous Day₹106.35

Basic Stock Data of Madras Fertilizers Ltd

Market Cap 1,594 Cr.
Current Price 99.0
High / Low124/53.2
Stock P/E76.3
Book Value 14.2
Dividend Yield0.00 %
ROCE27.7 %
ROE%
Face Value 10.0

Data Source: screener.in

Madras Fertilizers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales416.90441.87460.11494.85382.17648.17776.97813.05912.10953.81768.13528.64385.25
Expenses383.35406.68390.72442.81367.95569.67684.15710.01861.69869.43683.83545.75373.68
Operating Profit33.5535.1969.3952.0414.2278.5092.82103.0450.4184.3884.30-17.1111.57
OPM %8.05%7.96%15.08%10.52%3.72%12.11%11.95%12.67%5.53%8.85%10.97%-3.24%3.00%
Other Income1.221.993.600.891.992.7026.131.672.753.396.503.958.81
Interest23.3224.2536.3219.9519.5119.8033.8519.0619.4220.6919.0218.2414.02
Depreciation7.027.0210.088.138.138.14-14.943.003.003.000.593.003.01
Profit before tax4.435.9126.5924.85-11.4353.26100.0482.6530.7464.0871.19-34.403.35
Tax %0.00%0.00%0.00%0.00%0.00%0.00%4.67%23.75%22.19%20.30%33.53%0.00%0.00%
Net Profit4.435.9126.5924.85-11.4353.2695.3763.0223.9251.0747.32-34.403.35
EPS in Rs0.270.371.651.54-0.713.315.923.911.483.172.94-2.140.21

Madras Fertilizers Ltd Quarterly Chart

Madras Fertilizers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2,2072,3442,5921,6981,1981,3921,6161,5931,2921,5332,3023,4472,636
Expenses2,0072,2132,3591,7281,1911,3131,5921,5951,2941,3982,0563,1152,473
Operating Profit200131233-3077924-2-2135247332163
OPM %9%6%9%-2%1%6%1%-0%-0%9%11%10%6%
Other Income1291218-69364718127291423
Interest60749710410990941231041081008972
Depreciation4042421818212223323191010
Profit before tax11224106-135-1904-45-130-1253166249104
Tax %0%0%5%0%0%0%0%0%0%0%2%25%
Net Profit11224100-135-1904-45-130-125316218567
EPS in Rs6.951.526.21-8.36-11.770.22-2.78-8.06-7.780.1810.0811.504.18
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Madras Fertilizers Ltd Profit & Loss Yearly Chart

Madras Fertilizers Ltd Growth

Compounded Sales Growth
10 Years:4%
5 Years:16%
3 Years:39%
TTM:-35%
Compounded Profit Growth
10 Years:23%
5 Years:44%
3 Years:52%
TTM:-91%
Stock Price CAGR
10 Years:22%
5 Years:37%
3 Years:61%
1 Year:76%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Madras Fertilizers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital162162162162162162162162162162162162162
Reserves-493-468-368-505-694-592-654-737-892-857-668-449-390
Borrowings5618737909149861,2541,5061,6521,8041,3781,7361,4941,403
Other Liabilities5803471,152784798406568492344508680650617
Total Liabilities8109141,7361,3561,2521,2301,5821,5681,4191,1911,9111,8571,792
Fixed Assets226232195183180183162148217190190192186
CWIP3317181515222631318141322
Investments00000135149198180203250337455
Other Assets5506651,5221,1571,0578891,2461,1921,0187801,4561,3151,129
Total Assets8109141,7361,3561,2521,2301,5821,5681,4191,1911,9111,8571,792

Madras Fertilizers Ltd Reserves and Borrowings Chart

Madras Fertilizers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 1243-107-65-19220-150-23104492-317687
Cash from Investing Activity -36-29-6-2-10-5-3-13-60-1522
Cash from Financing Activity -44-251306244-2451784556-527265-320
Net Cash Flow44-5117-515-302510100-50-50369

Madras Fertilizers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days0103311561476515653
Inventory Days9383566812016986116102987133
Days Payable726317494129133149115491147743
Cash Conversion Cycle2121-117-24-648-5982004915044
Working Capital Days-53-384-1-491261511571595012538
ROCE %66%24%35%-5%2%15%5%-1%-2%13%28%28%

Madras Fertilizers Ltd Financial Efficiency Indicators Chart

No data available for the Shareholding

No data available for the Shareholding Pattern chart.

No data available for the No. of Shareholders chart.

This stock is not held by any mutual fund

Madras Fertilizers Ltd ROCE Trend

Madras Fertilizers Ltd EPS Trend

Madras Fertilizers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)11.5010.060.18-8.37-5.02
Diluted EPS (Rs.)11.5010.060.18-8.37-5.02
Cash EPS (Rs.)12.0210.582.10-6.69-3.57
Book Value[Excl.RevalReserv]/Share (Rs.)-17.70-31.17-42.88-38.91-35.48
Book Value[Incl.RevalReserv]/Share (Rs.)-17.70-31.17-42.88-38.91-35.48
Revenue From Operations / Share (Rs.)212.60141.9994.5378.6098.25
PBDIT / Share (Rs.)20.7516.618.17-1.122.60
PBIT / Share (Rs.)20.1616.026.25-2.751.18
PBT / Share (Rs.)15.3410.280.17-8.32-4.99
Net Profit / Share (Rs.)11.439.990.17-8.32-4.99
PBDIT Margin (%)9.7611.698.64-1.422.64
PBIT Margin (%)9.4811.286.61-3.491.20
PBT Margin (%)7.217.240.18-10.58-5.07
Net Profit Margin (%)5.377.030.18-10.58-5.07
Return on Networth / Equity (%)-64.55-32.06-0.410.000.00
Return on Capital Employeed (%)-201.93-60.54-16.168.32-4.21
Return On Assets (%)9.988.480.23-8.82-5.15
Long Term Debt / Equity (X)0.00-0.01-0.03-0.08-0.13
Total Debt / Equity (X)-5.20-3.43-1.98-2.85-2.87
Asset Turnover Ratio (%)1.831.471.120.821.01
Current Ratio (X)0.630.600.420.490.58
Quick Ratio (X)0.510.480.280.370.44
Inventory Turnover Ratio (X)9.645.673.684.345.27
Interest Coverage Ratio (X)4.302.891.35-0.200.42
Interest Coverage Ratio (Post Tax) (X)3.372.741.03-0.490.19
Enterprise Value (Cr.)2029.982506.491708.401866.731946.35
EV / Net Operating Revenue (X)0.581.091.111.461.22
EV / EBITDA (X)6.039.3112.89-102.5146.15
MarketCap / Net Operating Revenue (X)0.270.340.260.150.20
Price / BV (X)-3.26-1.59-0.59-0.31-0.57
Price / Net Operating Revenue (X)0.270.340.260.150.20
EarningsYield0.190.200.01-0.67-0.24

Madras Fertilizers Ltd Profitability Ratios (%)

Madras Fertilizers Ltd Liquidity Ratios

Madras Fertilizers Ltd Liquidity Ratios (%)

Madras Fertilizers Ltd Interest Coverage Ratios (%)

Madras Fertilizers Ltd Valuation Ratios

Fair Value of Madras Fertilizers Ltd Stock

Fair Value: ₹165.77

The stock is undervalued by 67.44% compared to the current price ₹99

*Investments are subject to market risks

Strength and Weakness of Madras Fertilizers Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 17.33%, which is a positive sign.
  2. The company has shown consistent growth in sales (1.54 cr) and profit (11.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 8.17 and average Dividend Yield of -0.20%.
  2. The stock has a high average Working Capital Days of 55.75, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 27.92, which may not be favorable.
  4. The company has higher borrowings (1,257.77) compared to reserves (-597.46), which may suggest financial risk.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Madras Fertilizers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE