KRISHANA

Krishana Phoschem share price & financials

Price
₹679.5
Market cap
₹4.3k Cr
Sector
Chemicals
Calls analysed
5
Latest concall · Q1 FY27 · call held 14 Jul 2026

Krishana Phoschem Limited Q1 FY27

Revenue from Operations ₹532 cr +35%EBITDA ₹89 cr +36%PAT ₹47 cr +54%EPS ₹1.52 +54%

What went well

  • Revenue of ₹532 crore, up 35% YoY, demonstrating operational strength
  • EBITDA of ₹89 crore, up 36% YoY, supported by disciplined cost management
  • PAT of ₹47 crore, increasing 54% YoY

What to watch

  • Challenging operating environment due to global supply-side disruptions, elevated raw material prices, and geopolitical uncertainties
  • PAT margin declined from 11% to 8.9% QoQ, primarily due to a sharp rise in finance costs (₹13 crore to ₹20 crore) and depreciation (₹8.7 crore to ₹13 crore) from newly commissioned capacity
Read the full call →

What Krishana Phoschem Limited does

Krishana Phoschem, part of the Ostwal Group, manufactures phosphatic fertilisers - Single Super Phosphate (SSP) and NPK/DAP complex fertilisers - from an integrated facility at Meghnagar, Madhya Pradesh. It is backward-integrated into beneficiation of low-grade rock phosphate and in-house production of sulphuric and phosphoric acid, sourcing raw rock phosphate through long-term contracts with suppliers in Egypt, Jordan and domestically. Finished fertilisers are sold to farmers under the Annadata and Bharat brands through a wholesaler-retailer distribution network spanning multiple Indian states.

Segments

  • SSP Fertilisers
  • NPK/DAP Complex Fertilisers
  • Intermediates
Total installed phosphatic fertiliser capacity (SSP + NPK/DAP)
615,000 MTPA
NPK/DAP complex fertiliser capacity
495,000 MTPA
SSP (Single Super Phosphate) capacity
120,000 MTPA
In-house sulphuric acid capacity
363,000 MTPA
In-house phosphoric acid capacity
99,000 MTPA
Rock phosphate beneficiation (BRP) crushing capacity
200,000 MTPA
Founded 2007Headquarters Bhilwara, Rajasthan, India Company website

Guidance record · Q1 FY27

what the last two calls moved 11 tracked 3 delivered 2 missed 6 open
  • FY27 Growth (Key Parameters) revised down said Q4 FY26 Promised: Over 40% across key parameters during FY27 Q1 FY27: Management revised full-year revenue growth guidance down to 30-35% from the previous 'over 40%', citing the Q1 performance and outlook for the remaining quarters.
  • FY26 Revenue delivered said Q2 FY26 Promised: Will exceed ₹1,500 crores for FY26 Q4 FY26: Final FY26 revenue was ₹2,418 crore, significantly exceeding the initial conservative guidance.
  • Debtor Cycle Days missed said Q4 FY25 Promised: Improvement of at least 10 to 15 days in FY26 Q4 FY26: Receivable days touched ~100 days at March end, a significant increase attributed to trading. This misses the promised improvement from the prior year's ~107-110 days.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 34.3%, net profit up 51.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue301 304 473 396 608 +102%659 +117%755 +60%532 +34%
EBITDA40 44 56 66 73 +83%70 +59%89 +59%89 +35%
Net profit17 21 33 31 33 +94%33 +57%83 +152%47 +52%
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 −68.2% 1Y

₹200₹400₹600Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q2 FY26 — 14 Oct 2025Q3 FY26 — 13 Jan 2026Q4 FY26 — 13 Apr 2026Q1 FY27 — 14 Jul 2026

1Y: ₹565.7 on 10 Sept 2025 → ₹179.66. High ₹702.5 (21 May 2026), low ₹128.75 (8 Jul 2026).

How the price took the results

close before → close after

Q1 FY27
−2.0%
14 Jul
Q4 FY26
+5.2%
14 Apr
Q3 FY26
+1.1%
13 Jan
Q2 FY26
−3.7%
14 Oct

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 grew 95.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.3%.

Year endingFY23FY24FY25FY26
Revenue₹323 Cr₹923 Cr₹1.4k Cr₹2.4k Cr
Operating profit₹52 Cr₹129 Cr₹182 Cr₹298 Cr
Operating margin16.1%14.0%13.4%12.3%
Interest₹7 Cr₹37 Cr₹39 Cr₹39 Cr
Depreciation₹8 Cr₹33 Cr₹32 Cr₹35 Cr
Net profit₹27 Cr₹41 Cr₹87 Cr₹180 Cr
Net margin8.4%4.4%6.4%7.4%
ROCE11.0%15.0%22.0%27.0%
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₹26 Cr₹30 Cr₹31 Cr₹62 Cr₹62 Cr₹62 Cr
Reserves₹121 Cr₹191 Cr₹231 Cr₹239 Cr₹383 Cr₹499 Cr
Borrowings₹21 Cr₹70 Cr₹276 Cr₹436 Cr₹413 Cr₹733 Cr
Other liabilities₹27 Cr₹39 Cr₹44 Cr₹108 Cr₹413 Cr₹347 Cr
Total liabilities₹195 Cr₹330 Cr₹582 Cr₹845 Cr₹1.3k Cr₹1.6k Cr
Fixed assets₹94 Cr₹85 Cr₹358 Cr₹322 Cr₹280 Cr₹450 Cr
Capital work in progress₹7 Cr₹92 Cr₹3 Cr₹43 Cr₹89 Cr₹1 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹94 Cr₹153 Cr₹220 Cr₹479 Cr₹901 Cr₹1.2k Cr
Total assets₹195 Cr₹330 Cr₹582 Cr₹845 Cr₹1.3k Cr₹1.6k 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.

What the price assumes

Attractive

To justify its price of ₹180, this stock must grow earnings at 20% every year for 7 years. Our analysis caps realistic growth at ~86%. At that growth it is worth ₹3111 — upside of 1631%.

Growth the price implies
20.2% a year
for 7 years, fading to 4%
It has actually compounded at
85.7% a year
net profit, FY23–FY26
The gap
-0.7 pp
1631% downside if it only repeats history
Price today ₹179.66 Value at the reference growth ₹3,110.74

Change the assumptions yourself →

All earnings calls (5)

Read the Q1 FY27 call →

Learn to analyse Krishana Phoschem Limited

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