MADRASFERT · Madras Fertilizers Ltd · Chemical Manufacturing
MADRASFERT · Madras Fertilizers Ltd · Chemical Manufacturing
As of 05 Nov close
52-week range
35.4% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹814 Cr
Revenue YoY
PAT YoY
-21.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
11.4
P/S (TTM)
0.4
Sector P/E
20.6
Dividend yield
0.0%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| MADRASFERT (this stock) | 15.3 | 11.4 | +2.9% | +77.1% | 6.9 | 0.0% |
| Asian Paints | 53 | 11.1 | +12.8% | +22.3% | 0.18 | +1.1% |
| Solar Industries India | 99.6 | 26.6 | +17.6% | +31.4% | 13.68 | +0.1% |
| Pidilite Industries | 61.3 | 19.4 | +17.2% | +24.4% | 0.04 | +0.7% |
Promoter
stable
FII
stable
MF
Not available from data source
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedMadras Fertilizers Limited (MFL) reported a 25.17% increase in net profit for FY2025-26, as stated by management, despite a decline in total turnover. The company emphasized strategic capacity expansion and long-term sustainability, aligning with India's Atmanirbhar Bharat vision. MFL also highlighted initiatives in organic farming promotion, including the PM-PRANAM program, and efforts to reduce reliance on chemical fertilizers. The report noted the submission of a revival proposal to the Department of Fertilizers and ongoing work on a new greenfield ammonia plant.
- Focus on capacity expansion and long-term sustainability aligned with India's self-reliance goals
- Promotion of organic farming through PM-PRANAM and other initiatives to reduce chemical fertilizer use
- Submission of a revival proposal to the Department of Fertilizers
Key takeaway: Madras Fertilizers Limited is prioritizing strategic capacity expansion and promoting organic farming initiatives to align with national self-reliance goals and reduce dependency on chemical fertilizers.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (3 items); Regulatory Action (3 items); Default / Covenant Breach (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
3 occurrencesRecent (last 12 months)
The Statutory Auditors of MFLECPF issued a modified opinion on the Fund's 2025 financial statements due to concerns about the realisability of overdue investments in two companies under CIRP, with Rs. 6.33 crores (including Rs. 0.85 crore interest) overdue for over three years.
Earlier (1-3 years ago)
The auditor issued a qualified opinion on internal financial controls over financial reporting, noting inadequate controls including lack of systems audit post-SAP ERP implementation and insufficient physical verification of inventories.
The auditor has issued a qualified opinion regarding the non-capitalisation of borrowing costs under Ind AS 23 and the company's significant accounting policy, resulting in a Rs 0.13 Cr discrepancy in capital work-in-progress and profit.
Regulatory Action
3 occurrencesRecent (last 12 months)
The company has a pending penalty of INR 27,55,300 imposed by the National Stock Exchange under SEBI (LODR) regulations for non-compliance with board constitution requirements. The company has not remitted the penalty and has requested a waiver, citing that the appointment of independent directors falls under the Department of Financial Services (DoF) purview.
Earlier (1-3 years ago)
The company's board composition did not comply with SEBI (LODR) Regulations, 2015, leading to a penalty by NSE.
NSE levied a penalty of Rs. 5,31,000/- for non-compliance with SEBI (LODR) Regulations 17(1) regarding board composition for the quarter ended March 31, 2023, and froze promoters' shareholdings and trading activities.
Default / Covenant Breach
2 occurrencesEarlier (1-3 years ago)
The company has defaulted in repayment of loans or borrowings to financial institutions, banks, or debenture holders, except for the following cases.
The company has defaulted in repayment of Government of India (GOI) Loans, with a total default amount of Rs. 1,429.80 crores, including both principal and interest from FY 2004-05 until the date of the report.
Routine disclosures
Internal Control Weakness
2 occurrencesEarlier (1-3 years ago)
The auditor noted that the company's provident fund trust's investment portfolio was the subject of a qualified audit opinion, indicating a potential internal control weakness.
The company has a material weakness in its internal financial controls over financial reporting as of March 31, 2024, specifically related to incomplete GST Input Tax Credit reconciliation for remaining FYs 2020-21 to 2022-23, which could lead to GST ITC reversal or additional interest if discrepancies are found.
Contingent Liability
3 occurrencesRecent (last 12 months)
The company has a contingent liability of Rs. 443.33 crores (PY- Rs. 394.68 crores) due to potential penal interest on loans from GOI, as no repayment has been made and the revival proposal is on hold.
Earlier (1-3 years ago)
The company has considered Rs.394.68 crores as Contingent Liability for penal interest on GOI loans pending the disposal of the revival package.
The company has a contingent liability of Rs.351.68 crores related to penal interest on GOI loans, pending the disposal of the revival package.
Statutory dues in dispute
1 occurrenceRecent (last 12 months)
The company has disputed Goods & Service Tax dues for the periods 2017-18 and 2018-19 in Tamil Nadu, with disputes pending before the Appellate Authority.
Management & Board Governance
2 occurrencesEarlier (1-3 years ago)
The DINs of three directors (Mrs. Samieh Kokabi, Shri Mohammed Bagher Dakhili, and Shri Babak Bagherpour) are deactivated as per MCA records, indicating a potential governance issue related to their director status.
The Chairman and Managing Director, U Saravanan, resigned on 16.06.2023. The Director (Technical), Harsh Malhotra, superannuated on 30.04.2023. The Company Secretary, Ram Ganesh R, resigned on 12.12.2023.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
0.84% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).