MADRASFERT

Madras Fertilizers share price & financials

Price
₹68.02
Market cap
₹996 Cr
Sector
Chemicals

What Madras Fertilizers Limited does

Madras Fertilizers Limited (MFL) manufactures and markets ammonia, urea and organic/bio-fertiliser products from its plant at Manali, Chennai. The company is jointly held by the Government of India and NICO, both of which nominate directors to its board. In FY25 the company ran its ammonia and urea units above rated capacity (111.7% and 108.6% utilisation respectively) and reported record dispatch volumes for its combined organic fertiliser products.

Ammonia installed capacity
292,000 MT/yr
Ammonia production (FY25)
326,260 MT (111.7% of capacity)
Urea installed capacity
486,750 MT/yr
Urea production (FY25)
528,400 MT (108.6% of capacity)
Organic/bio-fertiliser products dispatched (FY25)
28,971 MT (company-reported all-time high for the category)
Headquarters Manali, Chennai Company website

Quarterly results

Q1 FY27: revenue up 21.1%, net profit down 20.5% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue532 799 555 672 510 −4%419 −48%699 +26%814 +21%
EBITDA11 107 -61 65 12 +9%-3 −103%36 +159%53 −18%
Net profit2 75 -52 44 13 +550%3 −96%21 +140%35 −20%
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 −31.9% 1Y

₹50.0₹60.0₹70.0₹80.0₹90.0Sept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹90.82 on 10 Sept 2025 → ₹61.83. High ₹92.46 (16 Sept 2025), low ₹53.06 (30 Mar 2026).

Financials, as filed

Revenue fell 12.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 4.8%.

Year endingFY23FY24FY25FY26
Revenue₹3.4k Cr₹2.2k Cr₹2.5k Cr₹2.3k Cr
Operating profit₹321 Cr₹100 Cr₹122 Cr₹110 Cr
Operating margin9.3%4.5%4.8%4.8%
Interest₹78 Cr₹72 Cr₹63 Cr₹58 Cr
Depreciation₹10 Cr₹10 Cr₹12 Cr₹14 Cr
Net profit₹185 Cr₹5 Cr₹65 Cr₹81 Cr
Net margin5.4%0.2%2.6%3.5%
Cash from operations₹687 Cr₹175 Cr₹116 Cr₹5 Cr
Free cash flow₹677 Cr₹143 Cr₹103 Cr₹-22 Cr
ROCE28.0%11.0%11.0%15.0%
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₹162 Cr₹162 Cr₹162 Cr₹162 Cr₹162 Cr₹162 Cr
Reserves₹-857 Cr₹-668 Cr₹-449 Cr₹-352 Cr₹-137 Cr₹-70 Cr
Borrowings₹1.4k Cr₹1.7k Cr₹1.5k Cr₹1.6k Cr₹584 Cr₹634 Cr
Other liabilities₹508 Cr₹680 Cr₹650 Cr₹614 Cr₹1.5k Cr₹1.6k Cr
Total liabilities₹1.2k Cr₹1.9k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.3k Cr
Fixed assets₹190 Cr₹190 Cr₹192 Cr₹200 Cr₹200 Cr₹216 Cr
Capital work in progress₹18 Cr₹14 Cr₹13 Cr₹25 Cr₹23 Cr₹27 Cr
Investments₹203 Cr₹250 Cr₹337 Cr₹455 Cr₹525 Cr₹575 Cr
Other assets₹780 Cr₹1.5k Cr₹1.3k Cr₹1.3k Cr₹1.3k Cr₹1.5k Cr
Total assets₹1.2k Cr₹1.9k Cr₹1.9k Cr₹2.0k Cr₹2.1k Cr₹2.3k 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

The ownership split has held steady since Jun 2025. The shareholder count shrank 6% to 57,972.

Promoters
85.3%
FIIs
0.0%
DIIs
0.1%
Public
14.7%

Since Jun 2025

  • Public +0.04 pp
  • FIIs −0.03 pp
  • Promoters 0.00 pp

How it drifted, 12 quarters

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 85.3%, DIIs 0.0%, Public 14.7%.Dec '23: Promoters 85.3%, DIIs 0.0%, Public 14.7%.Mar '24: Promoters 85.3%, FIIs 0.1%, DIIs 0.0%, Public 14.6%.Jun '24: Promoters 85.3%, DIIs 0.0%, Public 14.7%.Sep '24: Promoters 85.3%, DIIs 0.0%, Public 14.7%.Dec '24: Promoters 85.3%, DIIs 0.0%, Public 14.7%.Mar '25: Promoters 85.3%, FIIs 0.0%, DIIs 0.1%, Public 14.7%.Jun '25: Promoters 85.3%, FIIs 0.1%, DIIs 0.1%, Public 14.6%.Sep '25: Promoters 85.3%, FIIs 0.1%, DIIs 0.1%, Public 14.6%.Dec '25: Promoters 85.3%, DIIs 0.1%, Public 14.7%.Mar '26: Promoters 85.3%, FIIs 0.0%, DIIs 0.1%, Public 14.7%.Jun '26: Promoters 85.3%, FIIs 0.0%, DIIs 0.1%, Public 14.7%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

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

HolderStakeChange
The President Of India 59.50%unchanged
Naftiran Inter Trade Company 25.77%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 Madras Fertilizers Limited

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