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Madras Fertilizers Ltd
(MADRASFERT)
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Rating:50Neutral
Price Target:
₹57.00
▼(-14.34% Downside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by improving financial performance (revenue and earnings rebound plus positive cash generation) but capped by elevated financial risk from historically weak capitalization and still-high leverage. Technical indicators are weak (below major moving averages with negative MACD), while valuation is moderate (P/E ~13.1) and provides limited support.
Positive Factors
Revenue rebound
The FY2026 revenue recovery indicates renewed demand or improved operating performance after several weaker years. If sustained, higher sales can improve plant utilization, strengthen distribution relationships, and provide a broader base for rebuilding profitability and financial resilience.
Negative Factors
Elevated leverage
Debt remains large relative to the company’s thin equity base, leaving limited financial flexibility even after equity turned positive. High leverage can absorb a meaningful share of operating cash flow through financing needs and makes the business more vulnerable if earnings or fertilizer profitability weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound
The FY2026 revenue recovery indicates renewed demand or improved operating performance after several weaker years. If sustained, higher sales can improve plant utilization, strengthen distribution relationships, and provide a broader base for rebuilding profitability and financial resilience.
Read all positive factors
Madras Fertilizers Ltd (MADRASFERT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.21B
Dividend YieldN/A
Average Volume (3M)4.86K
Price to Earnings (P/E)13.1
Beta (1Y)1.66
Revenue Growth-28.34%
EPS Growth25.17%
CountryIN
Employees350
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)4.41
Shares Outstanding161,101,300
10 Day Avg. Volume1,618
30 Day Avg. Volume4,860
Financial Highlights & Ratios
PEG Ratio0.42
Price to Book (P/B)9.30
Price to Sales (P/S)0.37
P/FCF Ratio33.71
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
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 com...
How the Company Makes Money
Madras Fertilizers Ltd primarily makes money by manufacturing and selling fertilizer products. Revenue is generated from (1) sales of complex fertilizers such as NPK grades, where the company earns the spread between realized selling prices and it...
Madras Fertilizers Ltd Financial Statement Overview
Summary
Income Statement
48
Neutral
Balance Sheet
22
Negative
Cash Flow
54
Neutral
| 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 | 1.38B | 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 | 0.00 | 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 | 0.00 | 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
Negative
66.54
Price Trends
64.21
Negative
66.29
Negative
68.30
Negative
Market Momentum
-1.88
Positive
28.39
Positive
15.15
Positive
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 66.54 is above the 20-day moving average (MA) of 61.05, above the 50-day MA of 64.21, and below the 200-day MA of 68.30, indicating a bearish trend. The MACD of -1.88 indicates Positive momentum. The RSI at 28.39 is Positive, neither overbought nor oversold. The STOCH value of 15.15 is Positive, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹159.99B | 8.26 | ― | 2.77% | 15.58% | 10.17% | |
66 Neutral | ₹58.60B | 8.47 | ― | 3.40% | 29.18% | 7.85% | |
63 Neutral | ₹520.72B | 28.97 | ― | 0.61% | 23.50% | -18.96% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹58.95B | 13.24 | ― | 2.19% | 17.52% | 56.09% | |
50 Neutral | ₹9.21B | 13.06 | ― | ― | -28.34% | 25.17% | |
48 Neutral | ₹31.39B | 8.52 | ― | 1.64% | 23.27% | 137.75% |
* General Sector Average
IN:MADRASFERT
Madras Fertilizers Ltd
57.63
-26.97
-31.88%
IN:CHAMBLFERT
Chambal Fertilisers & Chemicals Ltd.
397.40
-107.20
-21.24%
IN:COROMANDEL
Coromandel International Limited
1,800.25
-540.29
-23.08%
IN:GSFC
Gujarat State Fertilizers & Chemicals Limited
147.05
-43.38
-22.78%
IN:NFL
National Fertilizers Ltd.
63.26
-29.70
-31.95%
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
106.65
-37.95
-26.25%
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 ...
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.