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Rashtriya Chemicals & Fertilizers Ltd.
(RCF)
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Rating:52Neutral
Price Target:
₹119.00
▼(-4.11% Downside)
Action:Reiterated
Date:08/24/26
Overall score is held back mainly by weak and inconsistent cash generation (negative FY2026 operating and free cash flow) alongside thin/volatile margins and a rising leverage trend. Technicals also weigh on the score with a clear downtrend and negative momentum. These are partially offset by a reasonable valuation (moderate P/E and ~2% dividend yield).
Positive Factors
Revenue Growth
Revenue growth indicates continued demand for RCF’s fertilizer and chemical products. Sustained volume or product expansion would improve operating leverage and strengthen the company’s ability to absorb fixed manufacturing and distribution costs.
Negative Factors
Weak Cash Generation
Negative operating and free cash flow reduces earnings quality and can force greater reliance on borrowing or delayed investment. The multi-year cash-flow volatility also makes liquidity planning and funding of ongoing operations less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue growth indicates continued demand for RCF’s fertilizer and chemical products. Sustained volume or product expansion would improve operating leverage and strengthen the company’s ability to absorb fixed manufacturing and distribution costs.
Read all positive factors
Rashtriya Chemicals & Fertilizers Ltd. (RCF) vs. iShares MSCI India ETF (INDA)
Market Cap
₹68.63B
Dividend Yield1.9%
Average Volume (3M)69.74K
Price to Earnings (P/E)15.1
Beta (1Y)1.62
Revenue Growth17.52%
EPS Growth56.01%
CountryIN
Employees2,620
SectorGeneral
Sector StrengthN/A
IndustryAgricultural Inputs
Share Statistics
EPS (TTM)7.75
Shares Outstanding551,688,100
10 Day Avg. Volume60,425
30 Day Avg. Volume69,743
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.25
Price to Sales (P/S)0.35
P/FCF Ratio-4.13
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
Rashtriya Chemicals & Fertilizers Ltd. Business Overview & Revenue Model
Company Description
Rashtriya Chemicals and Fertilizers Limited manufactures, markets, and sells fertilizers and industrial chemicals in India. The company operates through Fertilizers, Industrial Chemicals, and Trading segments. It offers various fertilizers, includ...
How the Company Makes Money
RCF makes money primarily by manufacturing and selling fertilizers and, to a lesser extent, industrial chemicals. Its core revenue stream is fertilizer sales in India, where it sells urea and other nutrient products (e.g., complex fertilizers) thr...
Rashtriya Chemicals & Fertilizers Ltd. Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
34
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 184.80B | 169.34B | 169.81B | 78.83B | 53.14B |
| Gross Profit | 70.30B | 66.50B | -37.09B | -112.35B | 62.82B |
| EBITDA | 11.95B | 8.46B | 7.12B | 16.57B | 12.44B |
| Net Income | 4.27B | 2.42B | 2.25B | 9.66B | 7.02B |
Balance Sheet | |||||
| Total Assets | 167.01B | 112.67B | 114.56B | 97.05B | 105.31B |
| Cash, Cash Equivalents and Short-Term Investments | 39.22B | 12.00B | 1.56B | 113.00M | 11.08B |
| Total Debt | 41.28B | 27.62B | 32.97B | 18.77B | 29.79B |
| Total Liabilities | 115.80B | 65.21B | 68.50B | 51.15B | 66.49B |
| Stockholders Equity | 51.21B | 47.45B | 46.06B | 45.90B | 38.82B |
Cash Flow | |||||
| Free Cash Flow | -15.47B | 15.36B | -9.05B | 4.02B | -7.62B |
| Operating Cash Flow | -4.71B | 23.64B | -4.22B | 7.87B | -5.92B |
| Investing Cash Flow | -12.99B | -6.81B | -4.64B | -3.16B | -3.79B |
| Financing Cash Flow | 9.08B | -8.53B | 10.32B | -15.60B | 5.99B |
Rashtriya Chemicals & Fertilizers Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹9.76B | 1.05 | ― | ― | -43.98% | 268.95% | |
70 Outperform | ₹170.99B | 8.88 | ― | 2.28% | 15.58% | 10.17% | |
63 Neutral | ₹564.65B | 31.35 | ― | 0.56% | 23.50% | -18.96% | |
62 Neutral | ₹165.75B | 14.60 | ― | 0.74% | 54.29% | 14.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹35.53B | 9.66 | ― | 2.19% | 23.27% | 137.78% | |
52 Neutral | ₹68.63B | 15.12 | ― | 1.87% | 17.52% | 56.01% |
* General Sector Average
IN:RCF
Rashtriya Chemicals & Fertilizers Ltd.
121.75
-25.87
-17.52%
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Rashtriya Chemicals & Fertilizers Ltd. Corporate Events
Rashtriya Chemicals and Fertilizers Announces Senior Management Changes
Jul 1, 2026
Rashtriya Chemicals and Fertilizers Ltd. has announced changes in its senior management, in compliance with SEBI’s listing regulations on disclosure of key managerial appointments. The company has promoted Shri Sanjeev Haralikar, a chemical ...
RCF Fined by NSE and BSE for SEBI Board Compliance Lapse
May 28, 2026
Rashtriya Chemicals and Fertilizers Ltd. has disclosed that both the National Stock Exchange of India and BSE have imposed fines of Rs. 5.31 lakh each for non-compliance with Regulation 17(1) of the SEBI Listing Obligations and Disclosure Requirem...
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.