MANGCHEFER

Mangalore Chem. share price & financials

Price
₹308.75
Market cap
₹3.7k Cr
Sector
Chemicals
Calls analysed
4
Latest concall · Q1 FY26 · call held 29 Jul 2025

Mangalore Chem. Q1 FY26

Revenue ₹862 cr +6%EBITDA ₹115 cr +6%PAT ₹62 cr +41%EPS ₹5.2 +41%

Revenue ₹862 cr (+6% YoY); EBITDA ₹115 cr (+6% YoY); PAT ₹62 cr (+41% YoY). Revenue from operations increased by 6% YoY to ₹862 crores in Q1 FY26.

Read the full call →

What Mangalore Chem. does

Mangalore Chemicals & Fertilizers Limited (MCF) manufactures nitrogenous and phosphatic fertilisers — Urea, DAP and NP complex grades — at an integrated ammonia-urea plant at Panambur, on the west coast opposite New Mangalore Port. Alongside its core fertiliser range it produces Ammonium Bi-Carbonate (ABC) and Sulphonated Naphthalene Formaldehyde (SNF, an industrial chemical used in construction applications), and it trades imported Muriate of Potash (MOP) to round out its product basket for farmers. Its manufactured and traded fertilisers are sold under the MANGALA brand, chiefly across Karnataka and neighbouring southern and western states, with revenue coming from subsidised urea/P&K sales (under the government's pricing and nutrient-based-subsidy schemes) plus non-subsidised chemical sales such as SNF. The company also runs Agri Advisory Services — farmer and dealer outreach on fertiliser-use efficiency, soil health and crop practices — to support its distribution network.

Segments

  • Manufacturing
  • Trading
Urea installed capacity
3.8 lakh MT per annum (reassessed capacity 3.795 lakh MT)
DAP & complex fertiliser installed capacity
2.85 lakh MT per annum
Manufacturing plant
Single integrated ammonia-urea complex at Panambur, Mangaluru, Karnataka — on the west coast opposite New Mangalore Port
Marketing footprint
6 states — Karnataka, Tamil Nadu, Maharashtra, Andhra Pradesh, Telangana, Kerala
Primary market
Karnataka (largest of the 6 states served)
Product range
Urea, DAP, NP complex fertilisers, Ammonium Bi-Carbonate (ABC) and Sulphonated Naphthalene Formaldehyde (SNF), plus traded MOP
Founded 1966Headquarters Bengaluru, Karnataka Company website

Guidance record · Q1 FY26

what the last two calls moved 10 tracked 4 delivered 2 missed 4 open
  • Urea EBITDA per tonne delivered said Q3 FY24 Promised: 5000+ Q1 FY26: EBITDA for urea is about Rs. 6,000 rupees in Q1
  • New Capex missed said Q3 FY24 Promised: None for next 3-4 years Q1 FY26: we are already looking at putting up a NPK plant... shortly... we are going to go to the board with a proposal.
  • Annual Urea production capacity revised down said Q3 FY24 Promised: 4.7 lakh metric tons Q1 FY26: this year's production will be around 4,40,000-4,50,000 metric tons.

All 10 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY26: revenue up 5.9%, net profit up 40.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26
Revenue1,410 641 786 814 776 −45%968 +51%774 −2%862 +6%
EBITDA141 82 36 106 76 −46%103 +26%38 +6%111 +5%
Net profit68 33 5 44 26 −62%57 +73%16 +220%62 +41%
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 +135.3% 1Y

₹150₹200₹250₹300₹350Oct 24Dec 24Jan 25Mar 25Apr 25Jun 25Jul 25Sept 25Oct 25Q2 FY25 — 29 Oct 2024Q3 FY25 — 5 Feb 2025Q1 FY26 — 29 Jul 2025

1Y: ₹131.2 on 29 Oct 2024 → ₹308.75. High ₹364.2 (6 Aug 2025), low ₹130.92 (3 Mar 2025).

How the price took the results

close before → close after

Q1 FY26
+9.4%
29 Jul
Q3 FY25
+3.7%
5 Feb
Q2 FY25
+3.6%
29 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 fell 4.3% a year over 2 years, FY23 to FY25. Operating margin widened to 9.7%.

Year endingFY23FY24FY25
Revenue₹3.6k Cr₹3.8k Cr₹3.3k Cr
Operating profit₹310 Cr₹375 Cr₹323 Cr
Operating margin8.5%9.9%9.7%
Interest₹104 Cr₹104 Cr₹76 Cr
Depreciation₹60 Cr₹71 Cr₹76 Cr
Net profit₹135 Cr₹155 Cr₹143 Cr
Net margin3.7%4.1%4.3%
Cash from operations₹192 Cr₹496 Cr₹271 Cr
Free cash flow₹-111 Cr₹400 Cr₹182 Cr
ROCE14.0%17.0%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 endingFY20FY21FY22FY23FY24FY25
Equity capital₹119 Cr₹119 Cr₹119 Cr₹119 Cr₹119 Cr₹119 Cr
Reserves₹427 Cr₹489 Cr₹565 Cr₹685 Cr₹821 Cr₹946 Cr
Borrowings₹1.5k Cr₹884 Cr₹1.4k Cr₹1.4k Cr₹1.0k Cr₹741 Cr
Other liabilities₹751 Cr₹506 Cr₹675 Cr₹479 Cr₹452 Cr₹527 Cr
Total liabilities₹2.8k Cr₹2.0k Cr₹2.7k Cr₹2.7k Cr₹2.4k Cr₹2.3k Cr
Fixed assets₹608 Cr₹599 Cr₹573 Cr₹1.1k Cr₹1.1k Cr₹1.0k Cr
Capital work in progress₹46 Cr₹78 Cr₹317 Cr₹14 Cr₹11 Cr₹31 Cr
Investments₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr₹0 Cr
Other assets₹2.1k Cr₹1.3k Cr₹1.8k Cr₹1.6k Cr₹1.3k Cr₹1.3k Cr
Total assets₹2.8k Cr₹2.0k Cr₹2.7k Cr₹2.7k Cr₹2.4k 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 Sep 2025

Since Sep 2024, the public trimmed −4.33 pp while DIIs added +2.96 pp. The shareholder count shrank 12% to 57,396.

Promoters
60.6%
FIIs
3.0%
DIIs
8.6%
Government
0.9%
Public
26.9%

Since Sep 2024

  • Public −4.33 pp
  • DIIs +2.96 pp
  • FIIs +1.35 pp

How it drifted, 12 quarters

Over this window the public fell from 38.2% to 26.9% — −11.3 pp.

Dec '22Mar '24Sep '25

Ownership split by quarter, oldest first. Dec '22: Promoters 60.6%, FIIs 0.1%, DIIs 0.2%, Government 0.9%, Public 38.2%.Mar '23: Promoters 60.6%, FIIs 0.9%, DIIs 0.2%, Government 0.9%, Public 37.4%.Jun '23: Promoters 60.6%, FIIs 0.8%, DIIs 0.2%, Government 0.9%, Public 37.4%.Sep '23: Promoters 60.6%, FIIs 1.1%, DIIs 0.2%, Government 0.9%, Public 37.2%.Dec '23: Promoters 60.6%, FIIs 1.6%, DIIs 2.1%, Government 0.9%, Public 34.8%.Mar '24: Promoters 60.6%, FIIs 1.8%, DIIs 2.0%, Government 0.9%, Public 34.6%.Jun '24: Promoters 60.6%, FIIs 1.4%, DIIs 4.7%, Government 0.9%, Public 32.4%.Sep '24: Promoters 60.6%, FIIs 1.7%, DIIs 5.6%, Government 0.9%, Public 31.2%.Dec '24: Promoters 60.6%, FIIs 2.1%, DIIs 5.7%, Government 0.9%, Public 30.6%.Mar '25: Promoters 60.6%, FIIs 2.1%, DIIs 6.7%, Government 0.9%, Public 29.7%.Jun '25: Promoters 60.6%, FIIs 3.1%, DIIs 6.5%, Government 0.9%, Public 28.9%.Sep '25: Promoters 60.6%, FIIs 3.0%, DIIs 8.6%, Government 0.9%, Public 26.9%.

Who was buying across the market this quarter →

Who bought this quarter

since Jun 2025

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

The same filing shows 1 holder trimming and 1 off the list — both are in the register beside this.

Who is on the register

Named in the Sep 2025 filing

Every holder of Mangalore Chem. above SEBI's 1% disclosure line, and what changed since Jun 2025.

HolderStakeChange
Zuari Agro Chemicals Limited 54.03%unchanged
Dolly Khanna 3.99%+0.66 pp
Adventz Finance Private Limited 3.67%unchanged
Investor Education And Protection Fund Authority Ministry Of Corporate Affairs 2.69%unchanged
HSBC Flexi Cap Fund Mutual fund2.08%newly disclosed
ICICI Prudential Retirement Fund-Hybrid Aggressive Plan Mutual fund1.91%newly disclosed
Bandhan Small Cap Fund Mutual fund1.80%newly disclosed
SBI Mutual Fund Mutual fund1.42%−0.25 pp
Akshay Poddar 1.18%unchanged
Mcdowell Holdings Limited 1.06%unchanged
Zuari Industries Limited 0.26%unchanged
Shradha Agarwala 0.17%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.

What the price assumes

Expensive

To justify its price of ₹309, this stock must grow earnings at 17% every year for 7 years. Our analysis caps realistic growth at ~3%. At that growth it is worth ₹150 — downside of 51%.

Growth the price implies
16.8% a year
for 7 years, fading to 4%
It has actually compounded at
2.9% a year
net profit, FY23–FY25 · EPS 3.3%
The gap
0.1 pp
-51% downside if it only repeats history
Price today ₹308.75 Value at the reference growth ₹150.12

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY26 call →

Learn to analyse Mangalore Chem.

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