MarketFriction

Rashtriya Chemicals & Fertilizers Ltd

NSE RCF · BSE 524230 · Fertilizers
₹106.80 -2.88%
NSE close2026-10-01
52 week range106.00 - 157.20
Market cap₹5,964 Cr.
P/E14.3
Microcap 250 Price band 20% Delivery 38.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,1554,9043,8804,3964,2904,5183,7303,3715,2934,2365,5813,586
Expenses4,0504,8193,6874,2804,0884,3393,5513,2135,0793,9925,2583,367
Operating Profit10584193116202179178158214244322219
OPM %2.5%1.7%5.0%2.6%4.7%4.0%4.8%4.7%4.0%6%6%6%
Other Income6738443043435439515211335
Interest4448527076535456551037971
Depreciation565664606263786670758083
Profit before tax72171201610610510075141118276101
Tax %29%35%21%34%26%24%28%28%25%31%32%28%
Net Profit51119511798072541058118774
EPS in Rs0.920.201.730.201.431.451.310.991.911.473.381.33
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,2417,0997,2558,8859,6988,28112,81221,45216,98116,93418,48018,695
Expenses7,7666,6806,9868,4489,1117,52711,82019,96816,46116,25317,52417,696
Operating Profit4754192684375867549921,4835206819561,000
OPM %6%6%3.7%4.9%6%9%8%7%3.1%4.0%5%5%
Other Income81666110426133263236204169241252
Interest1479664157239181130234190259295308
Depreciation148141137156171175184212233263292308
Profit before tax2622491282292025309421,273301328609636
Tax %35%28%39%42%-3%28%25%24%25%26%30%
Net Profit16917979133207384702966225242427447
EPS in Rs3.063.251.432.413.756.9612.7317.524.084.397.758.09
Dividend Payout %36%34%42%32%76%43%30%30%30%30%30%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth8%17%-5%18%
Compounded Profit Growth9%0%-24%47%
Stock Price CAGR9%6%-5%-25%
Return on Equity9%10%6%8%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital552552552552552552552552552552552552
Reserves2,1652,2652,3732,3782,4772,6272,8003,3304,0384,0544,1944,570
Borrowings2,0002,9971,7691,3313,4624,8142,0792,9791,8773,2972,7624,128
Other Liabilities1,5691,8581,8662,0872,4522,3162,2403,6983,2673,5753,7727,461
Total Liabilities6,2857,6726,5596,3488,94210,3097,66910,5589,73411,47711,28016,711
Fixed Assets1,5521,5071,5471,9101,9502,1302,1822,1342,5432,5582,9053,294
CWIP62150107152276433406513211431579810
Investments0494562802566459359949921,0951,380
Other Assets4,6725,9664,8604,2236,6367,4904,4376,9775,9867,4976,70011,226
Total Assets6,2857,6726,5596,3488,94210,3097,66910,5589,73411,47711,28016,711
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity212-6331,5951,078-1,636-5225,211-592787-4222,364-471
Cash from Investing Activity-201-259-180-496-310-531-610-379-316-464-681-1,299
Cash from Financing Activity3811-1,406-5881,9451,052-3,131599-1,5601,032-853908
Net Cash Flow14-829-5-2-11,470-372-1,088145831-863
Free Cash Flow5-9001,409584-1,934-9484,970-752402-8401,538-1,545
CFO/OP54%-111%398%412%-352%-72%706%-38%79%-68%356%-38%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days156192187144187171648644766793
Inventory Days1011229790139788213880955852
Days Payable60637582106809113761715750
Cash Conversion Cycle1982512091512201705587631016794
Working Capital Days7866837967547163530427
ROCE %15%8%7%4%7%8%11%15%21%6%7%10%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%
FIIs2.55%2.92%2.58%2.40%2.32%2.26%2.46%2.28%2.31%2.50%2.60%2.43%
DIIs0.34%0.35%0.34%0.35%0.29%0.29%0.30%0.31%0.33%0.41%0.39%0.30%
Public22.10%21.74%22.08%22.25%22.39%22.45%22.24%22.41%22.36%22.08%22.00%22.28%
No. of Shareholders2,40,2982,60,1822,93,1603,18,1333,59,4013,60,2803,59,4643,60,3863,53,4783,43,8813,39,0593,34,914

Fundamentals

Market Cap₹ 5,964 Cr.
Current Price₹ 108
Stock P/E14.3
Book Value₹ 92.8
ROCE10.4 %
ROE7.84 %
Dividend Yield2.16 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)18%
Compounded Profit Growth (TTM)47%
Consolidated figures.
Valuation
Market capRs 5,892 Cr
Enterprise valueRs 9,867 Cr
P/E (TTM)13.19x
Price to book1.15x
Price to sales0.32x
EV / EBITDA7.88x
EV / EBIT10.45x
EV / sales0.53x
Earnings yield7.58%
Dividend yield2.19%
P/E, 3-year average24.58x
P/B, 3-year average1.38x
P/E, 5-year average17.24x
P/B, 5-year average1.31x
Profitability
Operating margin (excl. other income)5.17%
Operating margin (incl. other income)6.47%
EBITDA margin6.70%
Pre-tax margin3.40%
Net profit margin2.39%
Net margin, latest quarter2.05%
ROE8.66%
ROCE10.80%
ROA3.05%
ROE, 3-year average6.25%
ROCE, 3-year average8.42%
ROA, 3-year average2.44%
ROE, 5-year average12.20%
ROCE, 5-year average13.07%
ROA, 5-year average4.91%
ROIC (approx.)7.28%
Tax rate29.86%
Other income / net worth4.70%
Growth
Sales growth (latest year)9.13%
Profit growth (latest year)76.30%
Sales CAGR, 3 years-4.85%
Sales CAGR, 5 years17.41%
Profit CAGR, 3 years-23.81%
Profit CAGR, 5 years2.16%
Sales growth QoQ-35.75%
Profit growth QoQ-60.62%
Sales growth YoY (latest quarter)6.38%
Profit growth YoY (latest quarter)35.09%
Per share
EPS (TTM)Rs 8.09
EPS (latest year)Rs 7.75
EPS (latest quarter)Rs 1.33
EPS, 3-year averageRs 5.41
EPS, 5-year averageRs 9.29
Book value per shareRs 92.83
Sales per shareRs 338.87
Cash flow per shareRs -8.54
Free cash flow per shareRs -28.00
Dividend per share (latest year)Rs 2.34
Dividend per share, 3-year averageRs 1.63
Dividend per share, 5-year averageRs 2.81
Dividends
Dividend payout30.20%
Dividend payout, 3-year average30.20%
Dividend payout, 5-year average30.22%
Efficiency
Asset turnover1.11x
Fixed asset turnover5.61x
Inventory turnover10.28x
Inventory days36 days
Debtor days93 days
Debtors turnover3.94x
Creditor days50 days
Cash conversion cycle94 days
Working capital days27 days
Leverage
Total debtRs 4,128 Cr
Cash and bankRs 153 Cr
Net debtRs 3,975 Cr
Debt to equity0.81x
Net debt / EBITDA3.18x
Interest coverage3.06x
Current ratio (filing 2026-03-31)1.17x
Quick ratio (filing 2026-03-31)0.99x
Trade payables (filing 2026-03-31)Rs 1,555 Cr
Owners' fund to total sources30.65%
Debt to assets24.70%
Cash flow
Cash from Operating Activity (latest year)Rs -471 Cr
Cash from Investing Activity (latest year)Rs -1,299 Cr
Cash from Financing Activity (latest year)Rs 908 Cr
Net Cash Flow (latest year)Rs -863 Cr
Free cash flow (latest year)Rs -1,545 Cr
FCFE (approx.: FCF + change in debt)Rs -179 Cr
Cash from ops / profit, 5 years0.65x
Statement figures
Net sales (TTM)Rs 18,695 Cr
Net sales (latest year)Rs 18,480 Cr
Sales (latest quarter)Rs 3,586 Cr
Operating profit excl. other income (latest year)Rs 956 Cr
Operating profit (latest quarter)Rs 219 Cr
Other income (TTM)Rs 252 Cr
EBITDA (TTM)Rs 1,252 Cr
PBDT (TTM)Rs 944 Cr
Profit before tax (TTM)Rs 636 Cr
Tax (latest year)Rs 182 Cr
Net profit (TTM)Rs 447 Cr
Net profit (latest year)Rs 427 Cr
Net profit (latest quarter)Rs 74 Cr
Depreciation (TTM)Rs 308 Cr
Depreciation (latest quarter)Rs 83 Cr
Interest (TTM)Rs 308 Cr
Cost of goods sold (latest year)Rs 16,518 Cr
Total expenditure (latest year)Rs 17,524 Cr
Total income (latest year)Rs 18,721 Cr
Share capitalRs 552 Cr
ReservesRs 4,570 Cr
Shareholders' fundsRs 5,121 Cr
Total assetsRs 16,711 Cr
Net blockRs 3,294 Cr
Capital work in progressRs 810 Cr
InvestmentsRs 1,380 Cr
ReceivablesRs 4,690 Cr
InventoryRs 1,607 Cr
Other liabilitiesRs 7,461 Cr
Shares outstanding (crore)55.17
Ownership
Promoter holding75.00% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 13.2 is at the 36th percentile of its own 9.4-year range (median 19.4, low 6.1, high 53.5).
P/B 1.15 is at the 24th percentile (median 1.38).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodRCFNifty 50Difference
1 week-1.5%-2.8% +1.3 pts
1 month-6.7%-6.8% +0.1 pts
3 months-19.7%-7.6% -12.1 pts
6 months+0.1%+0.4% -0.3 pts
1 year-28.2%-9.9% -18.3 pts
2 years-43.1%-13.6% -29.5 pts
3 years-15.5%+14.2% -29.7 pts
5 years+32.3%+27.9% +4.5 pts
8 mutual fund schemes hold about ₹4 Cr. Over three months 6 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Motilal Oswal Nifty Microcap 250 Index Fund0.16%4 +0%
Kotak BSE PSU Index Fund0.07%0 +10%
Groww Nifty Total Market Index Fund0.01%0 +9%
HDFC BSE 500 Index Fund0.01%0 -0%
Angel One Nifty Total Market Index Fund0.01%0 +9%
Mirae Asset Nifty Total Market Index Fund0.01%0 +9%
Bandhan Nifty Total Market Index Fund0.01%0 +11%
Motilal Oswal BSE 1000 Index Fund0.01%0 +9%

Red flags

F-score 4 of 8
explainReceivables outrunning sales Receivables grew 51% vs sales +9% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹3,586 Cr +6.4% vs Jun 2025. Net profit ₹74 Cr +37.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-18Dividend - Rs 1.34 Per Share
2026-02-20Interim Dividend - Re 1 Per Sh
2025-10-10Dividend - Rs 1.32 Per Share
2024-09-23Dividend - Rs 1.24 Per Share
2024-09-23Annual General Meeting
2023-12-13Dividend - Rs 3.70 Per Share
2023-12-13Annual General Meeting
2022-12-15Interim Dividend - Rs 1.60 Per Share
2022-12-15Annual General Meeting/Dividend - Rs 2.50 Per Share
2021-11-24 Interim Dividend - Rs 1.35 Per Share
2021-10-20 Dividend - Rs 1.78 Per Share
2021-10-20 Annual General Meeting
2021-02-17 Interim Dividend - Rs 1.20 Per Share
2020-12-22 Annual General Meeting/Dividend - Rs 2.84 Per Share
2019-09-16 Annual General Meeting/Dividend - Rs 0.77 Per Share
2018-09-18 Annual General Meeting/Dividend Re 0.60 Per Share
2017-09-13 Annual General Meeting/Dividend - Rs 1.10 Per Share
2016-09-15 Annual General Meetingdividend - Rs 1.10 Per Share
2015-08-19 Annual General Meeting / Dividend - Rs 1.80/- Per Share
2014-09-11Annual General Meeting / Final Dividend - Rs 1.50/- Per Share
2013-08-19Annual General Meeting And Dividend Rs.1.50 Per Share
2012-08-17Annual General Meeting And Dividend Rs.1.40 Per Share
2011-09-13Annual General Meeting And Dividend Rs.1.10 Per Share
2010-06-14Annual General Meeting And Final Dividend Rs.1.10 Per Share
2009-09-11Agm/Div-Rs.1.20 Per Share
2008-09-09Agm/Dividend - 10%
2007-06-21Dividend-10%
2006-08-03Agm/Dividend-10%
DateTypeWhat it says
2026-09-26UpdatesPursuant to Regulation 30 of the SEBI LODR, we wish to inform that the shareholders of the Company at the 48th Annual General Meeting held on Septembe...
2026-09-26Shareholder meetingVoting Results of 48th Annual General Meeting (AGM) held on September 25, 2026
2026-09-25Awarding of order(s)/contracAwarding of order(s)/contract(s)
2026-09-25AppointmentAppointment of Ms Raju and Pr as Other of the company w.e.f. September 25, 2026.
2026-09-25Shareholder meetingSummary of the Proceedings of the 48th Annual General Meeting (AGM) held on September 25,2026
2026-09-15Credit RatingCredit Rating
2026-09-03Updates2. The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, September 19, 2026, to Friday, September 25, 2026...
2026-09-03UpdatesE-mail Communication to members of Rashtriya Chemicals and Fertilizers Limited.
2026-09-03UpdatesBUSINESS RESPONSIBILITY & SUSTAINABILITY REPORT2025-26.
2026-09-03Record DateRecord date for the purpose of Dividend is 18-Sep-2026.
2026-09-03UpdatesIntimation regarding convening of 48th Annual General Meeting (AGM), closure of register of members & share transfer books and e-voting facility.
2026-08-31AppointmentAppointment of Mr Rajnikant Bhulabhai Tandel as Non- Executive Independent Director of the company w.e.f. August 31, 2026.
2026-08-26General UpdatesGeneral Updates
2026-08-13Board meeting outcomeOutcome of Board Meeting held on August 13, 2026.
2026-08-13Board meeting outcomeRashtriya Chemicals and Fertilizers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-31Effect(s) on listed entity dEffect(s) on listed entity due to changed regulatory framework applicable
2026-07-29Updates.
2026-07-25Change in ManagementChange in Senior Management
2026-07-17Credit RatingCredit Rating
2026-07-07Board meeting outcomeOutcome of Board Meeting held on July 07, 2026.
2026-07-07Board meeting outcomeThis is to inform that Board at its meeting held today i.e., July 7,2026 has considered and approved the following:1. Raising of funds by way of a Fur...
2026-07-01UpdatesChange in Senior Managment.
2026-06-19Updates.
2026-05-28Regulatory actionAction(s) initiated or orders passed
2026-05-21UpdatesSubmission of Large Entity Disclosure .
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Rashtriya Chemicals & Fertilizers Ltd?

Rashtriya Chemicals & Fertilizers Ltd (RCF) has a market capitalisation of Rs 5,964 Cr. at the 2026-10-01 close.

What is the P/E ratio of Rashtriya Chemicals & Fertilizers Ltd?

Rashtriya Chemicals & Fertilizers Ltd trades at a P/E of 14.3 on trailing twelve-month profit, at the 2026-10-01 close.

What were Rashtriya Chemicals & Fertilizers Ltd's latest quarterly results?

In the Jun 2026 quarter, Rashtriya Chemicals & Fertilizers Ltd sales was Rs 3,586 Cr (+6.4% vs Jun 2025) and net profit was Rs 74 Cr.

What is the 52-week high and low of Rashtriya Chemicals & Fertilizers Ltd?

The 52-week high is Rs 157.20 and the 52-week low is Rs 106.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03