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Last Updated on: 19 June, 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
FertilisersPost Bag No.2, Manali, Chennai (Madras) Tamil Nadu 600068cs@madrasfert.co.in
http://www.madrasfert.co.in
Management
NamePosition Held
Mr. Kishor RungtaChairman & Managing Director
Dr. K JayachandranDirector - Technical
Dr. Jatin Kumar MohantyNon Official Independent Director
Dr. C R JayanthiNon Official Independent Director
Mr. Sanjay ShetyeNon Official Independent Director
Mr. Nalabothu Venkata RaoNon Official Independent Director
Mr. Mohammad Bagher DakhiliNominee Director
Mr. Babak BagherpourNominee Director
Mrs. Samieh KokabiNominee Director
Mr. Arvind KumarGovernment Nominee Director

Basic Stock Data of Madras Fertilizers Ltd

Last Updated: June 19, 2024, 2:35 pm

Market Cap 1,749 Cr.
Current Price 109
High / Low124/70.6
Stock P/E35.4
Book Value 11.8
Dividend Yield0.00 %
ROCE10.3 %
ROE%
Face Value 10.0
PEG Ratio0.53

Madras Fertilizers Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales442460495382648777813912954768529385556
Expenses407391443368570684710862869684546374543
Operating Profit356952147893103508484-171213
OPM %8%15%11%4%12%12%13%6%9%11%-3%3%2%
Other Income2412326233649-46
Interest24362020203419192119181416
Depreciation710888-153331333
Profit before tax62725-115310083316471-343-52
Tax %0%0%0%0%0%5%24%22%20%34%0%0%0%
Net Profit62725-11539563245147-343-52
EPS in Rs0.371.651.54-0.713.315.923.911.483.172.94-2.140.21-3.21

Last Updated: May 7, 2024, 1:42 am

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:-2%
5 Years:7%
3 Years:13%
TTM:-35%
Compounded Profit Growth
10 Years:-7%
5 Years:19%
3 Years:145%
TTM:-73%
Stock Price CAGR
10 Years:17%
5 Years:36%
3 Years:46%
1 Year:34%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 15, 2024, 4:31 pm

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

Madras Fertilizers Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters85.27%85.27%85.27%85.27%85.27%85.27%85.27%85.27%85.27%85.27%85.27%85.27%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.15%0.00%0.00%0.00%0.00%0.13%
DIIs0.02%0.02%0.03%0.02%0.14%0.02%0.06%0.04%0.04%0.04%0.04%0.04%
Public14.71%14.70%14.70%14.70%14.59%14.71%14.52%14.69%14.69%14.69%14.69%14.56%
No. of Shareholders39,43839,26838,71539,10544,39243,69548,33749,39749,33048,32353,46153,498

Madras Fertilizers Ltd Shareholding Pattern Chart

No. of Madras Fertilizers Ltd Shareholders

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

Fair Value: 63.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 41.37% compared to the current price 109

Default values used*: Deafault value of 15% for ROE is used

Intrinsic Value: 106.68

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 2.13% compared to the current price ₹109

Default values used*: Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: 66.92%

*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 has a high average Working Capital Days of 55.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 27.92, which may not be favorable.
  3. The company has higher borrowings (1,257.77) compared to reserves (-597.46), which may suggest financial risk.

FAQ

What is the latest fair value of Madras Fertilizers Ltd?

The latest fair value of Madras Fertilizers Ltd is ₹63.91.

What is the Market Cap of Madras Fertilizers Ltd?

The Market Cap of Madras Fertilizers Ltd is 1,749 Cr..

What is the current Stock Price of Madras Fertilizers Ltd as on 19 June 2024?

The current stock price of Madras Fertilizers Ltd as on 19 June 2024 is ₹109.

What is the High / Low of Madras Fertilizers Ltd stocks in FY 2024?

In FY 2024, the High / Low of Madras Fertilizers Ltd stocks is 124/70.6.

What is the Stock P/E of Madras Fertilizers Ltd?

The Stock P/E of Madras Fertilizers Ltd is 35.4.

What is the Book Value of Madras Fertilizers Ltd?

The Book Value of Madras Fertilizers Ltd is 11.8.

What is the Dividend Yield of Madras Fertilizers Ltd?

The Dividend Yield of Madras Fertilizers Ltd is 0.00 %.

What is the ROCE of Madras Fertilizers Ltd?

The ROCE of Madras Fertilizers Ltd is 10.3 %.

What is the ROE of Madras Fertilizers Ltd?

The ROE of Madras Fertilizers Ltd is %.

What is the Face Value of Madras Fertilizers Ltd?

The Face Value of Madras Fertilizers Ltd is 10.0.

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