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Khaitan Chemicals & Fertilizers Ltd.
(KHAICHEM)
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Rating:65Neutral
Price Target:
₹53.00
▲(10.42% Upside)
Action:Reiterated
Date:08/18/26
The score is primarily held back by financial quality risks: high leverage and inconsistent cash flow despite a strong 2026 earnings rebound. Offsetting this, valuation is compelling (low P/E and high dividend yield) and technicals are supportive with the stock trading above key moving averages, though momentum looks somewhat stretched (high RSI).
Positive Factors
Revenue and profit rebound
Revenue growth of about 50% in 2026 and recovery to roughly 646M net income show a substantial operating rebound. If sales momentum persists, improved scale and profitability can strengthen internally generated funds and support investment across the fertilizer and chemicals franchise.
Negative Factors
Elevated and rising leverage
Debt of about 3.06B exceeded equity of about 2.91B in 2026, versus a much lower roughly 0.45x debt-to-equity level in 2022. Rising gearing increases financial obligations and leaves less flexibility when earnings weaken or investment needs rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and profit rebound
Revenue growth of about 50% in 2026 and recovery to roughly 646M net income show a substantial operating rebound. If sales momentum persists, improved scale and profitability can strengthen internally generated funds and support investment across the fertilizer and chemicals franchise.
Read all positive factors
Khaitan Chemicals & Fertilizers Ltd. (KHAICHEM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹4.82B
Dividend Yield0.1%
Average Volume (3M)24.17K
Price to Earnings (P/E)8.9
Beta (1Y)1.60
Revenue Growth19.87%
EPS Growth36.88%
CountryIN
Employees644
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)5.58
Shares Outstanding96,989,200
10 Day Avg. Volume13,462
30 Day Avg. Volume24,169
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.63
Price to Sales (P/S)0.47
P/FCF Ratio13.41
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Khaitan Chemicals & Fertilizers Ltd. Business Overview & Revenue Model
Company Description
Established in 1982 and headquartered in Indore, India, Khaitan Chemicals and Fertilizers Limited is a prominent producer and marketer of a diverse range of chemical and agricultural products. The company's operations are segmented into Fertilizer...
How the Company Makes Money
KHAICHEM primarily makes money by manufacturing products and selling them to customers, generating revenue from (1) sales of fertilizer products and (2) sales of chemical/co-product outputs arising from its manufacturing operations. Its earnings a...
Khaitan Chemicals & Fertilizers Ltd. Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
48
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.88B | 10.02B | 7.20B | 5.36B | 8.88B | 8.24B |
| Gross Profit | 3.11B | 3.61B | 2.12B | 1.27B | 1.69B | 2.59B |
| EBITDA | 1.07B | 1.14B | 239.17M | -286.38M | 788.73M | 1.22B |
| Net Income | 540.98M | 645.98M | 13.99M | -704.90M | 421.25M | 794.96M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.82B | 6.20B | 6.23B | 7.07B | 5.71B |
| Cash, Cash Equivalents and Short-Term Investments | 591.00K | 227.00M | 199.82M | 542.00K | 1.55M | 471.86M |
| Total Debt | 0.00 | 3.06B | 3.18B | 3.16B | 2.29B | 1.42B |
| Total Liabilities | -2.91B | 3.91B | 3.97B | 4.03B | 4.13B | 3.19B |
| Stockholders Equity | 2.91B | 2.91B | 2.23B | 2.20B | 2.94B | 2.52B |
Cash Flow | ||||||
| Free Cash Flow | 491.05M | 353.13M | 393.38M | -672.58M | -1.21B | 122.07M |
| Operating Cash Flow | 523.46M | 442.70M | 441.27M | -553.92M | -881.55M | 269.71M |
| Investing Cash Flow | -22.87M | -42.25M | -166.20M | 17.96M | -221.67M | -198.25M |
| Financing Cash Flow | -500.86M | -400.65M | -274.81M | 534.96M | 632.91M | 397.01M |
Khaitan Chemicals & Fertilizers Ltd. Technical Analysis
Negative
48.00
Price Trends
52.10
Negative
53.33
Negative
58.10
Negative
Market Momentum
-1.20
Positive
39.43
Neutral
18.27
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KHAICHEM, the sentiment is Negative. The current price of 48 is below the 20-day moving average (MA) of 51.70, below the 50-day MA of 52.10, and below the 200-day MA of 58.10, indicating a bearish trend. The MACD of -1.20 indicates Positive momentum. The RSI at 39.43 is Neutral, neither overbought nor oversold. The STOCH value of 18.27 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:KHAICHEM.
Khaitan Chemicals & Fertilizers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹167.38B | 8.69 | ― | 2.63% | 15.58% | 10.17% | |
65 Neutral | ₹4.82B | 8.92 | ― | 0.10% | 19.87% | 36.88% | |
63 Neutral | ₹579.96B | 30.54 | ― | 0.58% | 23.50% | -18.96% | |
62 Neutral | ₹161.44B | 13.88 | ― | 0.96% | 54.29% | 14.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹59.94B | 13.59 | ― | 2.13% | 17.52% | 56.09% | |
48 Neutral | ₹32.63B | 8.85 | ― | 1.59% | 23.27% | 137.75% |
* General Sector Average
IN:KHAICHEM
Khaitan Chemicals & Fertilizers Ltd.
49.26
-72.77
-59.63%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
413.70
-84.99
-17.04%
IN:COROMANDEL
Coromandel International Limited
1,790.10
-464.01
-20.59%
IN:NFL
National Fertilizers Ltd.
64.91
-25.73
-28.39%
IN:PARADEEP
Paradeep Phosphates Ltd.
154.10
-40.03
-20.62%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
108.35
-33.29
-23.50%
Khaitan Chemicals & Fertilizers Ltd. Corporate Events
Khaitan Chemicals & Fertilizers to Close Trading Window Ahead of Q2 Results
Sep 15, 2026
Khaitan Chemicals Fertilizers Ltd. operates in the chemicals and fertilizers industry, focusing on manufacturing and marketing fertilizer products and related agro-chemical offerings for the Indian agricultural market. The company’s shares ...
Khaitan Chemicals & Fertilizers Posts Q1 FY27 Profit Despite Discontinued-Operations Drag
Jul 14, 2026
Khaitan Chemicals Fertilizers Ltd. released its unaudited financial results for the quarter ended 30 June 2026, reporting total income from continuing operations of ₹22,162.20 lakh and cash profit of ₹1,606.37 lakh. Net profit from co...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.