Madras Fertilizers Ltd (MADRASFERT) AI Stock Analysis

Madras Fertilizers Ltd

(NSE:MADRASFERT)

Select Model

Rating:49.3Neutral

Price Target:INR 51.00▼(-1.26% Downside)

Action:reiterated

Date:08/19/26

The stock earns a moderate score primarily because financial performance, while improved, remains fragile with thin margins, high leverage, and inconsistent, recently weak cash generation; technical indicators reinforce caution by showing a clear short- and long-term downtrend with subdued momentum, while valuation appears largely neutral at a mid-teens P/E and no visible dividend support, offering limited compensation for the underlying risks.

Positive Factors

FY2026 Revenue and Earnings ReboundThe sharp FY2026 recovery shows renewed demand and improved earnings after a period of contraction. If revenue and profit gains persist, the rebound can strengthen operating scale, support reinvestment, and improve the company’s ability to manage its financial obligations over the next several quarters.

Negative Factors

High Leverage and Thin CapitalizationDebt remains large compared with the company’s recently restored equity base, leaving limited balance-sheet protection against operating setbacks. Elevated leverage can constrain capital allocation, increase financing pressure, and make the business more vulnerable if earnings or cash generation weaken.

Madras Fertilizers Ltd (MADRASFERT) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 10.54B
Dividend Yield: ―
Average Volume (3M): 4,061
Price to Earnings (P/E): 11.7
Beta (1Y): 1.70
Revenue Growth: -28.34%
EPS Growth: 25.17%
Country: India
Employees: 350
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Madras Fertilizers Ltd Business Overview & Revenue Model

Company Description

Madras Fertilizers Limited (MFL), founded in 1966 and headquartered in Chennai, India, is a key manufacturer and supplier of agricultural inputs across the nation. Its operations span two primary segments: Fertilizers and Other Activities. The compan...

Madras Fertilizers Ltd Financial Statement Overview

Summary

Overall financial performance is moderate: profitability has rebounded on a large revenue base, but margins remain thin, leverage is still high with debt far above equity, and cash flows are volatile and currently weak.

Income Statement

62Positive

Balance Sheet

44Neutral

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	24.55B	23.00B	25.42B	2.45B	3.06B	3.39B
Gross Profit	4.09B	1.28B	1.51B	-17.49B	-28.04B	-11.60B
EBITDA	-2.03B	1.75B	1.66B	943.70M	3.34B	2.75B
Net Income	709.50M	804.20M	642.50M	55.60M	1.85B	1.62B
Balance Sheet
Total Assets	0	23.33B	22.33B	20.07B	18.57B	19.11B
Cash, Cash Equivalents and Short-Term Investments	6.56B	6.56B	6.66B	5.62B	3.69B	318.10M
Total Debt	0	6.34B	15.94B	15.83B	14.94B	17.36B
Total Liabilities	-919.70M	22.41B	22.66B	21.97B	21.44B	24.16B
Stockholders Equity	919.70M	919.70M	-323.00M	-1.90B	-2.87B	-5.05B
Cash Flow
Free Cash Flow	3.21B	253.70M	1.32B	1.33B	6.77B	-3.24B
Operating Cash Flow	3.25B	561.90M	1.14B	1.64B	6.87B	-3.16B
Investing Cash Flow	-1.95B	-242.40M	260.20M	-11.00M	18.10M	15.40M
Financing Cash Flow	-824.90M	-299.20M	-520.70M	189.00M	-3.20B	2.65B

Madras Fertilizers Ltd Technical Analysis

Technical Analysis SentimentNegative

Last Price51.65

Price Trends

50DMA60.51Negative

100DMA64.19Negative

200DMA66.43Negative

Market Momentum

MACD-2.29Positive

RSI30.20Neutral

STOCH35.50Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MADRASFERT, the sentiment is Negative. The current price of 51.65 is below the 20-day moving average (MA) of 56.12, below the 50-day MA of 60.51, and below the 200-day MA of 66.43, indicating a bearish trend. The MACD of -2.29 indicates Positive momentum. The RSI at 30.20 is Neutral, neither overbought nor oversold. The STOCH value of 35.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MADRASFERT.

Madras Fertilizers Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:MADRASFERT against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:CHAMBLFERT	67Neutral	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:GSFC	56Neutral	INR 53.20B	7.67	―	3.75%	29.18%	7.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:NFL	54Neutral	INR 28.78B	7.89	―	1.77%	23.27%	137.75%
IN:RCF	52Neutral	INR 51.67B	11.57	―	2.50%	17.52%	56.09%
IN:MADRASFERT	49Neutral	INR 8.32B	11.71	―	―	-28.34%	25.17%

* General Sector Average

Performance Comparison

IN:MADRASFERT and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:MADRASFERT	Madras Fertilizers Ltd	51.65	-29.92	-36.68%
IN:CHAMBLFERT	Chambal Fertilisers & Chemicals Ltd.	354.40	-115.30	-24.55%
IN:COROMANDEL	Coromandel International Limited	1695.00	-461.00	-21.38%
IN:GSFC	Gujarat State Fertilizers & Chemicals Limited	133.50	-52.08	-28.06%
IN:NFL	National Fertilizers Ltd.	58.66	-35.31	-37.58%
IN:RCF	Rashtriya Chemicals & Fertilizers Ltd.	93.65	-56.09	-37.46%

Madras Fertilizers Ltd Corporate Events

Madras Fertilizers sets 60th virtual AGM to clear FY26 accounts and board changes

Sep 1, 2026

Madras Fertilizers Ltd has called its 60th Annual General Meeting for September 24, 2026, to be held via video conferencing and other audio-visual means, with the AGM notice and related documents made available on the company’s website. The age...

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: Aug 17, 2026

Madras Fertilizers Ltd AI Stock Analysis