CHAMBLFERT

Chambal Fertilizers & Chemicals share price & financials

Price
₹484.2
Market cap
₹18.1k Cr
Sector
Chemicals
Calls analysed
8
Latest concall · Q1 FY27 · call held 31 Jul 2026

Chambal Fertilizers & Chemicals Limited Q1 FY27

Revenue from Operations ₹5,000 cr −12%EBITDA ₹851 cr +12%EBITDA Margin 17% PAT ₹703 cr +10%

What went well

  • EBITDA rose 12% to INR 851 crores, with margins expanding to 17% from 13% (an improvement of 400 bps).
  • Profit after tax grew 10% to INR 703 crores, with PAT margins at 14% from 11% (an improvement of 300 bps).
  • Crop protection chemicals, speciality nutrients, and seed segment EBIT grew 13% to INR 108 crores, with margins improving to 25%.

What to watch

  • Revenue from operations decreased by 12% to INR 5,000 crores compared to INR 5,700 crores last year.
  • The Indian fertilizer industry operated in a challenging environment due to geopolitical uncertainties, elevated raw material prices, and a delayed onset of the southwest monsoon.
Read the full call →

What Chambal Fertilizers & Chemicals Limited does

Chambal Fertilisers and Chemicals Limited manufactures urea at an integrated three-plant complex in Gadepan, Rajasthan, and markets complex fertilisers (DAP, MOP, TSP, NPK blends), crop protection chemicals, speciality nutrients, biologicals and seeds under an asset-light distribution model, mostly under the "Uttam" brand. It also holds a stake in the IMACID joint venture in Morocco with OCP that manufactures phosphoric acid (P2O5), and is commissioning a new Technical Ammonium Nitrate (TAN) plant at Gadepan to diversify into industrial and mining chemicals.

Segments

  • Urea
  • Complex Fertilisers
  • CPC, Speciality Nutrients & Seeds
  • Industrial and Mining Chemicals (TAN)
Urea manufacturing capacity
3.4 MMTPA
Urea manufacturing plants
3 (Gadepan-I, II, III), single location
Years of industry presence
40+
Market position
No. 1 private-sector urea manufacturer in India
Urea market share
~10%
States covered
14
Founded 1985Headquarters Gadepan, District Kota, Rajasthan (Registered Office); Corporate Office in Jasola, New Delhi Company website

Guidance record · Q1 FY27

what the last two calls moved 21 tracked 4 delivered 7 missed 10 open
  • TAN Project Completion Date delivered said Q2 FY25 Promised: October 2025 Q1 FY27: Production of Weak Nitric Acid and Ammonium Nitrate solutions has commenced. Promise remains achieved.
  • IMACID Phosphoric Acid Capacity went quiet said Q2 FY25 Promised: Expand by 200,000 tons to 700,000 tons in 2.5 to 3 years (by mid-2027/early-2028) Q1 FY27: The IMACID JV had a temporary shutdown due to sulphur shortages but has since resumed production. No specific update on the expansion project timeline was provided.
  • TERI Partnership Product Launches delayed said Q3 FY26 Promised: Launch from FY 27-28 onwards Q1 FY27: Management stated products are expected to be launched from FY '28-'29 onwards, a delay from the previous timeline of FY '27-'28.

All 21 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue down 11.8%, net profit down 4.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,346 4,918 2,449 5,698 6,413 +48%5,898 +20%2,785 +14%5,027 −12%
EBITDA790 778 163 761 842 +7%821 +6%255 +56%826 +9%
Net profit536 534 130 549 649 +21%586 +10%169 +30%524 −5%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −23.2% 1Y

₹400₹450₹500₹550Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 6 Nov 2025Q3 FY26 — 11 Feb 2026Q4 FY26 — 15 May 2026Q1 FY27 — 31 Jul 2026

1Y: ₹545.1 on 10 Sept 2025 → ₹418.8. High ₹554.2 (17 Sept 2025), low ₹409.55 (31 Aug 2026).

How the price took the results

close before → close after

Q1 FY27
−1.6%
31 Jul
Q4 FY26
+6.0%
15 May
Q3 FY26
+2.6%
11 Feb
Q2 FY26
+0.7%
6 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue fell 9.2% a year over 3 years, FY23 to FY26. Operating margin widened to 12.9%.

Year endingFY23FY24FY25FY26
Revenue₹27.8k Cr₹18.0k Cr₹16.6k Cr₹20.8k Cr
Operating profit₹1.8k Cr₹2.0k Cr₹2.5k Cr₹2.7k Cr
Operating margin6.5%11.4%14.9%12.9%
Interest₹320 Cr₹173 Cr₹48 Cr₹7 Cr
Depreciation₹308 Cr₹312 Cr₹330 Cr₹349 Cr
Net profit₹1.0k Cr₹1.3k Cr₹1.6k Cr₹2.0k Cr
Net margin3.7%7.1%9.9%9.4%
Cash from operations₹3.2k Cr₹3.3k Cr₹1.4k Cr₹138 Cr
Free cash flow₹3.0k Cr₹2.7k Cr₹824 Cr₹-754 Cr
ROCE16.0%20.0%27.0%25.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹416 Cr₹416 Cr₹416 Cr₹401 Cr₹401 Cr₹401 Cr
Reserves₹4.8k Cr₹6.0k Cr₹6.7k Cr₹6.9k Cr₹9.4k Cr₹10.0k Cr
Borrowings₹3.9k Cr₹4.3k Cr₹3.4k Cr₹1.9k Cr₹100 Cr₹1.1k Cr
Other liabilities₹1.1k Cr₹2.6k Cr₹2.3k Cr₹2.4k Cr₹3.9k Cr₹2.9k Cr
Total liabilities₹10.2k Cr₹13.3k Cr₹12.8k Cr₹11.5k Cr₹13.9k Cr₹14.4k Cr
Fixed assets₹6.5k Cr₹6.4k Cr₹6.3k Cr₹6.4k Cr₹6.1k Cr₹6.1k Cr
Capital work in progress₹161 Cr₹157 Cr₹103 Cr₹184 Cr₹1.1k Cr₹1.4k Cr
Investments₹298 Cr₹559 Cr₹2.4k Cr₹2.4k Cr₹952 Cr₹1.1k Cr
Other assets₹3.3k Cr₹6.2k Cr₹4.0k Cr₹2.5k Cr₹5.7k Cr₹5.8k Cr
Total assets₹10.2k Cr₹13.3k Cr₹12.8k Cr₹11.5k Cr₹13.9k Cr₹14.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, the public added +2.57 pp while FIIs trimmed −2.19 pp. The shareholder count grew 5% to 2,64,797.

Promoters
61.3%
FIIs
14.9%
DIIs
5.3%
Public
18.4%

Since Jun 2025

  • Public +2.57 pp
  • FIIs −2.19 pp
  • DIIs −1.23 pp

How it drifted, 12 quarters

Over this window FIIs went from 10.8% to 14.9% — +4.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 60.6%, FIIs 10.8%, DIIs 9.0%, Public 19.6%.Dec '23: Promoters 60.6%, FIIs 13.4%, DIIs 9.3%, Public 16.7%.Mar '24: Promoters 60.7%, FIIs 15.0%, DIIs 7.1%, Public 17.3%.Jun '24: Promoters 60.7%, FIIs 15.6%, DIIs 7.3%, Public 16.4%.Sep '24: Promoters 60.4%, FIIs 15.3%, DIIs 6.9%, Public 17.4%.Dec '24: Promoters 60.4%, FIIs 18.1%, DIIs 5.8%, Public 15.6%.Mar '25: Promoters 60.4%, FIIs 20.2%, DIIs 4.6%, Public 14.8%.Jun '25: Promoters 60.5%, FIIs 17.1%, DIIs 6.6%, Public 15.8%.Sep '25: Promoters 60.6%, FIIs 18.3%, DIIs 4.0%, Public 17.1%.Dec '25: Promoters 60.9%, FIIs 15.7%, DIIs 4.7%, Public 18.9%.Mar '26: Promoters 61.3%, FIIs 15.1%, DIIs 5.4%, Public 18.3%.Jun '26: Promoters 61.3%, FIIs 14.9%, DIIs 5.3%, Public 18.4%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 0 holders trimming and 2 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Chambal Fertilizers & Chemicals Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
The Hindustan Times Limited 14.28%unchanged
Zuari Industries Limited 14.22%unchanged
SIL Investments Limited 8.19%unchanged
Earthstone Holding (Two) Private Limited 3.56%unchanged
Chandra Shekhar Nopany - Shekhar Family Trust 3.47%unchanged
HDFC Trustee Company Ltd. A/C HDFC Balanced Advant Mutual fund2.61%newly disclosed
Earthstone Investment & Finance Limited 2.03%unchanged
Yashovardhan Investment &Trading Co. Ltd. 1.90%unchanged
Ronson Traders Limited 1.72%unchanged
Jyotsna Poddar 1.66%unchanged
Uttam Commercial Company Ltd. 1.64%unchanged
Investor Education And Protection Fund Authority 1.59%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in CHAMBLFERT

Filings to Aug 2026

0 new, 4 added, 1 trimmed, 0 sold out — net +0.04 L shares (+0.0%).

Held by funds
₹631 Cr
10 schemes
Biggest holder
HDFC Small Cap Fund
₹376 Cr · 0.9% of that fund
SchemeHoldingLast month
HDFC Small Cap Fund HDFC Mutual Fund₹376 Crheld
Nippon India Small Cap Fund Nippon India Mutual Fund₹166 Crheld
HDFC Retirement Savings Fund - Equity Plan HDFC Mutual Fund₹37 Crheld
HDFC Balanced Advantage Fund HDFC Mutual Fund₹27 Crheld
Nippon India Nifty Smallcap 250 Index Fund Nippon India Mutual Fund₹10 Cr+0.03 L
HDFC Dividend Yield Fund HDFC Mutual Fund₹8 Crheld
SBI Nifty Smallcap 250 Index Fund SBI Mutual Fund₹5 Cr+0.01 L
Nippon India Nifty 500 Equal Weight Index Fund Nippon India Mutual Fund₹1 Cr+0.00 L

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

4 added, 1 trimmed — net +4,254 shares (+0.0%)

Funds are sitting on
+63%
vs est. average cost
Held by funds
₹631 Cr
10 schemes · ≈ 3.9% of the company
Biggest holder
HDFC Small Cap Fund
₹376 Cr · 0.9% of that fund
Longest holder
Nippon India Small Cap Fund
6y 9m · since Dec '19

Shares held by these funds −21%

Aug '23 1.47 cr shares Jul '26

What the price assumes

Attractive

To justify its price of ₹419, this stock must grow earnings at -2% every year for 7 years. Our analysis caps realistic growth at ~25%. At that growth it is worth ₹1800 — upside of 330%.

Growth the price implies
-2.3% a year
for 7 years, fading to 4%
It has actually compounded at
23.6% a year
net profit, FY23–FY26 · EPS 25.2%
The gap
-0.3 pp
330% downside if it only repeats history
Price today ₹418.8 Value at the reference growth ₹1,799.99

Change the assumptions yourself →

All earnings calls (8)

Read the Q1 FY27 call →

Learn to analyse Chambal Fertilizers & Chemicals Limited

Guides on how to read this kind of business and the numbers that matter.