KHAICHEM
Khaitan Chemicals & Fertilizers financials
- Market cap
- ₹510 Cr
- Sector
- Chemicals
What Khaitan Chemicals & Fertilizers Limited does
Khaitan Chemicals & Fertilizers Limited (KCFL) manufactures Single Super Phosphate (SSP) fertilizers — granular, powder, zincated, boronated, magnesium-fortified and Urea-SSP variants — sold to farmers under the 'Khaitan' and 'Utsav' brands. It also produces specialty chemicals such as sulphuric acid, oleum, liquid sulphur trioxide and sodium silico fluoride, largely as backward integration for its own SSP plants but also sold externally to industries like water treatment, pharmaceuticals, dyes and explosives. The company runs six manufacturing plants across Madhya Pradesh, Uttar Pradesh, Rajasthan, Chhattisgarh and Gujarat, and distributes products nationally through a dealer and retailer network across 19 states.
Segments
- Fertilizers
- Other Chemicals
- Manufacturing plants
- 6 (Madhya Pradesh, Uttar Pradesh, Rajasthan, Chhattisgarh, Gujarat)
- SSP manufacturing capacity
- 11.1 LMT/yr (2nd-largest in India)
- National SSP market share
- ~10%
- States covered
- 19+
- Dealer network
- 3,000+
- Retail touchpoints
- 30,000+
Quarterly results
Q1 FY27: revenue down 5.6%, net profit down 47.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 231 | 199 | 161 | 234 | 309 +34% | 266 +34% | 193 +20% | 221 −6% |
| EBITDA | 9 | 11 | 11 | 32 | 31 +244% | 33 +200% | 18 +64% | 24 −25% |
| Net profit | -3 | 13 | 9 | 21 | 21 +800% | 20 +54% | 1 −89% | 11 −48% |
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 −58.6% 1Y
1Y: ₹130.37 on 10 Sept 2025 → ₹54.03. High ₹132.27 (16 Sept 2025), low ₹43.24 (30 Mar 2026).
Financials, as filed
Revenue grew 4.1% a year over 3 years, FY23 to FY26. Operating margin widened to 11.4%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹889 Cr | ₹535 Cr | ₹721 Cr | ₹1.0k Cr |
| Operating profit | ₹77 Cr | ₹-32 Cr | ₹24 Cr | ₹114 Cr |
| Operating margin | 8.7% | -6.0% | 3.3% | 11.4% |
| Interest | ₹20 Cr | ₹33 Cr | ₹29 Cr | ₹33 Cr |
| Depreciation | ₹8 Cr | ₹12 Cr | ₹11 Cr | ₹9 Cr |
| Net profit | ₹43 Cr | ₹-70 Cr | ₹2 Cr | ₹63 Cr |
| Net margin | 4.8% | -13.1% | 0.3% | 6.3% |
| Cash from operations | ₹-88 Cr | ₹-55 Cr | ₹44 Cr | ₹44 Cr |
| Free cash flow | ₹-108 Cr | ₹-67 Cr | ₹39 Cr | ₹37 Cr |
| ROCE | 15.0% | -8.0% | 2.0% | 18.0% |
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 ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr | ₹10 Cr |
| Reserves | ₹165 Cr | ₹243 Cr | ₹284 Cr | ₹211 Cr | ₹256 Cr | ₹281 Cr |
| Borrowings | ₹79 Cr | ₹142 Cr | ₹229 Cr | ₹316 Cr | ₹284 Cr | ₹306 Cr |
| Other liabilities | ₹102 Cr | ₹177 Cr | ₹186 Cr | ₹88 Cr | ₹150 Cr | ₹86 Cr |
| Total liabilities | ₹355 Cr | ₹572 Cr | ₹708 Cr | ₹624 Cr | ₹700 Cr | ₹683 Cr |
| Fixed assets | ₹100 Cr | ₹102 Cr | ₹129 Cr | ₹132 Cr | ₹116 Cr | ₹118 Cr |
| Capital work in progress | ₹0 Cr | ₹5 Cr | ₹3 Cr | ₹2 Cr | ₹4 Cr | ₹3 Cr |
| Investments | ₹2 Cr | ₹3 Cr | ₹3 Cr | ₹4 Cr | ₹5 Cr | ₹7 Cr |
| Other assets | ₹254 Cr | ₹461 Cr | ₹572 Cr | ₹486 Cr | ₹576 Cr | ₹554 Cr |
| Total assets | ₹355 Cr | ₹572 Cr | ₹708 Cr | ₹624 Cr | ₹700 Cr | ₹683 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, FIIs trimmed −0.37 pp while the public added +0.26 pp. The shareholder count shrank 19% to 53,311.
- Promoters
- 72.7%
- FIIs
- 0.1%
- Public
- 27.2%
Since Jun 2025
- FIIs −0.37 pp
- Public +0.26 pp
- Promoters +0.10 pp
How it drifted, 12 quarters
Over this window promoters fell from 75.0% to 72.7% — −2.4 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '23: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Mar '24: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '24: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Sep '24: Promoters 72.5%, FIIs 0.1%, Public 27.4%.Dec '24: Promoters 72.5%, FIIs 0.1%, Public 27.4%.Mar '25: Promoters 72.5%, FIIs 0.2%, Public 27.3%.Jun '25: Promoters 72.5%, FIIs 0.5%, Public 27.0%.Sep '25: Promoters 72.6%, FIIs 0.8%, Public 26.6%.Dec '25: Promoters 72.7%, FIIs 0.3%, Public 27.0%.Mar '26: Promoters 72.7%, FIIs 0.3%, Public 27.0%.Jun '26: Promoters 72.7%, FIIs 0.1%, Public 27.2%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Khaitan Chemicals & Fertilizers Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Shradha Projects Ltd | 44.71% | unchanged |
| The Majestic Packaging Company Private Limited | 22.83% | unchanged |
| Shailesh Khaitan | 3.72% | unchanged |
| Investor Education And Protection Fund Authority Ministry Of Corporate Affairs | 3.48% | unchanged |
| Swapna Khaitan | 1.37% | unchanged |
| S K Khaitan Huf | 0.01% | unchanged |
| Utsav Khaitan | 0.01% | 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.
Learn to analyse Khaitan Chemicals & Fertilizers Limited
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