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Swing Capital

Fertilizers & Chemicals Travancore Ltd

NSE: FACT BSE: 590024

Fertilizers & Chemicals Travancore Ltd (FACT), incorporated in the year 1943, is the first large-scale fertiliser plant in India at Udyogamandal, Kochi, Kerala. The company is engaged in the manufacturing and selling of fertilizers, its by-products and Caprolactam. It is under the administrative control of the Department of Fertilizers, Ministry of Chemicals & Fertilizers, Government of India.[1]

₹859
52W: ₹652 — ₹1112
PE 3754 · Book ₹21.2 · +3952% vs book
Market Cap₹55,600 Cr
Stock P/E3754Price to Earnings
ROCE8.65%Return on Capital
ROE1.61%Return on Equity
Div. Yield0.02%Face Value ₹10

Strengths

  • +Company is expected to give good quarter
  • +Company has a good return on equity (ROE) track record: 3 Years ROE 27.4%
  • +Company has been maintaining a healthy dividend payout of 40.2%

Weaknesses

  • −Stock is trading at 40.2 times its book value
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 7.90% over past five years.
  • −Earnings include an other income of Rs.219 Cr.

Shareholding Pattern

Promoters90%
FIIs0.21%
DIIs0.06%
Public0.77%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters90%90%90%90%90%90%90%90%
FIIs0.12%0.07%▼0.00.1%▲0.00.14%▲0.00.2%▲0.10.21%▲0.00.21%0.21%
DIIs8.6%8.6%8.61%▲0.08.59%▼0.08.61%▲0.00.05%▼8.60.05%0.06%▲0.0
Public0.88%0.93%▲0.10.89%▼0.00.87%▼0.00.79%▼0.10.78%▼0.00.78%0.77%▼0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1,6631,0971,0586001,4499491,0531,0431,6291,568
Expenses1,5311,0541,0236561,4149189681,0191,5901,611
Operating Profit1324336-573532852439-43
OPM %8%4%3%-9%2%3%8%2%2%-3%
Net Profit10530-79-4911871421-68
EPS ₹1.630.47-1.22-0.750.170.121.090.070.32-1.05

AI Insights

Revenue Trend

TTM revenue at ₹5,293Cr, up 30.7% YoY. OPM at 2%.

Debt Position

Borrowings at ₹3,837Cr. Debt-to-equity ratio: 5.27x. High leverage — monitor closely.

Capex Cycle

CWIP at ₹243Cr (26% of fixed assets). Significant capex underway — growth runway building.

Institutional Flow

DIIs: 0.06% (+0.05pp change). FIIs: 0.21% (+0.16pp change). Promoters hold 90%.

Margin & Efficiency

ROCE improving from -24% (Mar 2014) to 9% (Mar 2025). Working capital days: -239.

Valuation

PE 3754x with 8.65% ROCE. Price is 3952% above book value of ₹21.2. Dividend yield: 0.02%.

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