Krishana Phoschem Ltd. (KRISHANA) AI Stock Analysis

Krishana Phoschem Ltd.

(NSE:KRISHANA)

Select Model

Rating:57Neutral

Price Target:INR 237.00▲(3.70% Upside)

Action:reiterated

Date:11/01/26

The score is primarily constrained by weak and volatile cash flow (including sharply negative FY2026 operating and free cash flow) and increased leverage, despite strong FY2026 revenue growth and improved profitability. Technically, the trend is positive, but overbought indicators raise near-term risk, while valuation remains elevated (P/E ~35.9) even with a supportive ~4.38% dividend yield.

Positive Factors

Revenue GrowthSharp FY2026 revenue acceleration indicates stronger demand or higher sales activity across the phosphate and fertiliser-related business. If maintained, this larger operating base can support scale benefits, improve market reach, and provide a foundation for sustained earnings growth.

Negative Factors

Weak Cash GenerationNegative operating and free cash flow create a meaningful gap between reported profitability and cash realization. Persistent cash conversion pressure can increase reliance on borrowing, restrict reinvestment, and make the business more vulnerable when working-capital needs rise.

Krishana Phoschem Ltd. (KRISHANA) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 70.46B
Dividend Yield: 0.04%
Average Volume (3M): 845.32K
Price to Earnings (P/E): 35.9
Beta (1Y): 0.97
Revenue Growth: 73.44%
EPS Growth: 95.30%
Country: India
Employees: 370
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Krishana Phoschem Ltd. Business Overview & Revenue Model

Company Description

Krishana Phoschem Limited is an Indian company primarily engaged in the manufacturing and supply of a broad spectrum of fertilizers and chemical products. Its diverse portfolio encompasses farming essentials such as beneficiated rock phosphate, singl...

How the Company Makes Money

Krishana Phoschem Ltd. primarily makes money by selling phosphate-based chemical and fertiliser-related products to customers in the agriculture and fertiliser supply chain. Revenue is generated through (i) sale of finished goods (phosphate/fertilise...

Krishana Phoschem Ltd. Financial Statement Overview

Summary

Strong recent operating momentum (FY2026 revenue up ~36% YoY; net margin ~7.5%; EBIT margin ~10.9%) is offset by elevated financial risk and weak cash conversion. Leverage rose materially (debt-to-equity ~1.31 vs ~0.98), and FY2026 operating cash flow and free cash flow turned sharply negative, with a multi-year pattern of volatile/negative operating cash flow.

Income Statement

72Positive

Balance Sheet

57Neutral

Cash Flow

34Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	25.55B	24.18B	13.59B	9.22B	2.10B	2.08B
Gross Profit	6.35B	6.00B	4.50B	1.79B	-199.35M	-339.70M
EBITDA	3.31B	3.14B	1.84B	1.30B	544.44M	568.96M
Net Income	1.97B	1.80B	865.39M	404.43M	267.36M	294.63M
Balance Sheet
Total Assets	0	16.41B	10.36B	8.45B	5.82B	3.30B
Cash, Cash Equivalents and Short-Term Investments	423.92M	504.44M	278.34M	52.11M	120.61M	73.13M
Total Debt	0	7.33B	3.76B	4.36B	2.77B	695.88M
Total Liabilities	-5.61B	10.80B	6.52B	5.44B	3.20B	1.09B
Stockholders Equity	5.61B	5.61B	3.84B	3.01B	2.62B	2.21B
Cash Flow
Free Cash Flow	0	-3.39B	1.16B	-1.19B	-2.26B	-910.39M
Operating Cash Flow	0	-2.26B	1.54B	-816.37M	-327.73M	-50.75M
Investing Cash Flow	0	-1.20B	-320.69M	-365.12M	-1.90B	-839.83M
Financing Cash Flow	0	3.55B	-1.10B	1.21B	2.23B	890.48M

Krishana Phoschem Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price228.55

Price Trends

50DMA194.31Positive

100DMA174.02Positive

200DMA142.93Positive

Market Momentum

MACD8.40Negative

RSI72.09Negative

STOCH94.05Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:KRISHANA, the sentiment is Positive. The current price of 228.55 is above the 20-day moving average (MA) of 203.37, above the 50-day MA of 194.31, and above the 200-day MA of 142.93, indicating a bullish trend. The MACD of 8.40 indicates Negative momentum. The RSI at 72.09 is Negative, neither overbought nor oversold. The STOCH value of 94.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:KRISHANA.

Krishana Phoschem Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:KRISHANA against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CHAMBLFERT	70Outperform	INR 141.97B	7.35	―	3.10%	15.58%	10.17%
IN:COROMANDEL	61Neutral	INR 500.13B	27.27	―	0.65%	23.50%	-18.96%
IN:KRISHANA	57Neutral	INR 69.20B	35.94	―	0.04%	73.44%	95.30%
IN:PARADEEP	56Neutral	INR 133.92B	15.74	―	1.16%	31.35%	-27.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NFL	48Neutral	INR 28.78B	7.89	―	1.77%	23.27%	137.75%
IN:RCF	42Neutral	INR 51.67B	11.57	―	2.50%	17.52%	56.09%

* General Sector Average

Performance Comparison

IN:KRISHANA and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:KRISHANA	Krishana Phoschem Ltd.	228.55	128.07	127.47%
IN:CHAMBLFERT	Chambal Fertilisers & Chemicals Ltd.	354.40	-122.18	-25.64%
IN:COROMANDEL	Coromandel International Limited	1695.00	-438.71	-20.56%
IN:NFL	National Fertilizers Ltd.	58.66	-34.42	-36.98%
IN:PARADEEP	Paradeep Phosphates Ltd.	128.95	-37.11	-22.35%
IN:RCF	Rashtriya Chemicals & Fertilizers Ltd.	93.65	-55.31	-37.13%

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.

Date of analysis: Nov 01, 2026

Krishana Phoschem Ltd. AI Stock Analysis