1. Madras Fertilizers
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Madras Fertilizers Share Price

MADRASFERT

₹119.91-₹8.82 (-6.85%) TodayLast updated on 21 Jun, 2024 | 10:04 AM IST
₹117.30₹126.50
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Company overview

Financial performance

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Market cap

Market Cap Switch₹1,621 Crs

Open

₹126.40

Close

₹128.73

Circuit range

₹154.47 - ₹102.98

Day range

₹117.30 - ₹126.50

Year range

₹70.65 - ₹129.14

Volume

58,68,233

Avg. traded

₹120.75

Revenue (12m)

₹2,228 Crs

Madras Fertilizers

Madras Fertilizers Limited (MFL) operates as a Public Sector Undertaking, which is governed by the Department of Fertilisers of the Ministry of Chemicals and Fertilisers. It is unique in that it was the first PSU in the fertiliser sector to obtain ISO 9002 accreditation.

MFL was established on December 8, 1966, as a joint venture between AMOCO India and the Government of India.

According to the terms of the participation agreement between the government, AMOCO and the National Iranian Oil Company (NIOC), a government-affiliated organisation, NIOC purchased 50% of AMOCO’s MFL shares in 1972. As a result of this, AMOCO and NIOC each held 24.5% of the shares, while the the Government of India owned the remaining 51%. Iin 1985, AMOCO’s shares were proportionately acquired by the Government of India and NIOC, increasing their respective stakes to 67.55% and 32.45%.

Following the issuance of rights shares in 1994 to partially finance the project, the government and NIOC's holdings were adjusted to 69.78% and 30.22%, respectively.

The market capitalisation of Madras Fertilisers Ltd stood at ₹1,600 crore as of February 27, 2024. Madras Fertilisers share price has surged over 271% in the last three years.

Business operations

Madras Fertilizers specialises in the production of biofertilisers, complex fertilisers, urea and ammonia. Along with producing these goods, the company markets them and engages in agrochemical commerce, all of which are in line with its company goals. Madras Fertilizers has its headquarters and production facilities on 329 acres of freehold land in Manali, around 20 km north of Chennai.

MFL’s products

Vijay Fertiliser

Vijay Fertiliser: MFL offers a range of fertilisers to meet various crop and soil requirements. With a 46% nitrogen concentration, Vijay Urea is a nitrogenous fertiliser that can be used on different crops and soil types. Vijay Complexes is a granulated fertiliser containing nitrogen, phosphorus and potash. MFL’s flagship product is Vijay 17:17:17, which made its debut in 1970. It is designed primarily to support vegetative phases and early growth in all crop varieties.

Vijay Neem Coated Urea

The companyi has been producing and marketing Vijay Neem Coated Urea since June 2015.

Vijay Organic Manure

Since 2012, Madras Fertilizers has been producing Vijay Organic Manure, an eco-friendly product. It preserves soil health and texture in an environmentally-friendly manner.

Vijay Neem

Made from neem kernel extract, it sells neem-based pesticides under the Vijay Neem brand. These pesticides are meant to work against pests that damage both food and commercial crops. The company claims pests don’t become resistant to Vijay Neem.

Vijay Biofertiliser

Under the Vijay Bio brand, Madras Fertilizers introduced biofertilisers to maintain soil fertility and health. These biofertilisers are designed to meet the requirements of all crops in a range of climatic and soil conditions.

Financial highlights

– Madras Fertilizers’ revenue in FY23 was ₹3,447 crore compared to ₹2,302 crore in the previous fiscal year.

– The company’s net profit in FY23 was ₹185 crore, compared to ₹162 crore in FY22.

– The earnings per share (EPS) was ₹11.5 in FY23, compared to ₹10.08 in FY22.

Madras Fertilizers Key indicators

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52 week high

₹129.14

52 week low

₹70.65

P/E ratio

295.88

P/B ratio

-7.35

ROE

--

ROCE

79.42%

Dividend yield

--

Debt/Equity ratio

-2.34

EPS

11.5

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Profit factor

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Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

10.06%

Net profit margin

5.38%

ROE

0%

ROA

9.69%

ROCE

79.42%

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Madras Fertilizers Shareholder returns

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1 day

+3.24%

1 week

+8.28%

1 month

+21.54%

3 months

+32.95%

1 year

+42.92%

3 years

+234.74%

5 years

+398.24%

Madras Fertilizers Share Price history

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DayOpenCloseDay’s change
Thu, Jun 20 2024
₹109.70
₹128.73
+19.62%
Wed, Jun 19 2024
₹107.17
₹107.62
+3.24%
Tue, Jun 18 2024
₹101.30
₹104.24
+3.62%
Fri, Jun 14 2024
₹101.40
₹100.60
-0.69%
Thu, Jun 13 2024
₹101.50
₹101.30
+0.38%
Wed, Jun 12 2024
₹100.40
₹100.92
+1.54%
Tue, Jun 11 2024
₹101.60
₹99.39
-1.16%
Mon, Jun 10 2024
₹94.44
₹100.56
+8.65%

Shareholding info

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Promoters (85.27%)

Mutual Funds (0%)

Retail and other (14.58%)

Foreign institutions-FII (0.13%)

Other domestic institutions (0.02%)

Promoters

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