Khaitan Chemicals & Fertilizers Ltd
NSE: KHAICHEM BSE: 507794Agri
Incorporated in 1982, Khaitan Chemicals & Fertilizers Ltd is a manufacture of Single Super Phosphate (Fertilizer), Sulphuric Acid and other chemicals[1]
₹55
52W: ₹42.8 — ₹136
PE 7.75 · Book ₹30 · +83% vs bookMarket Cap₹533 Cr
Stock P/E7.75Price to Earnings
ROCE18.4%Return on Capital
ROE26.8%Return on Equity
Div. Yield0%Face Value ₹1
Strengths
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 22.4% CAGR over last 5 years
- +Debtor days have improved from 30.9 to 22.7 days.
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Tax rate seems low
- −Company has a low return on equity of -0.04% over last 3 years.
Shareholding Pattern
Promoters72.65%
FIIs0.34%
DIIs0%
Public27.01%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 72.52%▼2.5 | 72.52% | 72.52% | 72.55%▲0.0 | 72.58%▲0.0 | 72.65%▲0.1 | 72.65% |
| FIIs | 0.09% | 0.08%▼0.0 | 0.08% | 0.16%▲0.1 | 0.48%▲0.3 | 0.79%▲0.3 | 0.32%▼0.5 | 0.34%▲0.0 |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.91% | 27.4%▲2.5 | 27.39%▼0.0 | 27.3%▼0.1 | 26.97%▼0.3 | 26.62%▼0.3 | 27.03%▲0.4 | 27.01%▼0.0 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 127.39 | 50.83 | 130.08 | 230.65 | 198.76 | 160.68 | 234.32 | 308.6 | 265.73 | 192.97 |
| Expenses | 142.07 | 78.33 | 136.95 | 222.04 | 188 | 150.11 | 202.6 | 277.5 | 233.18 | 175.33 |
| Operating Profit | -14.68 | -27.5 | -6.87 | 8.61 | 10.76 | 10.57 | 31.72 | 31.1 | 32.55 | 17.64 |
| OPM % | -11.52% | -54.1% | -5.28% | 3.73% | 5.41% | 6.58% | 13.54% | 10.08% | 12.25% | 9.14% |
| Net Profit | -26.97 | -37.41 | -16.71 | -3.07 | 12.55 | 8.63 | 21.41 | 21.48 | 20.44 | 1.26 |
| EPS ₹ | -2.78 | -3.86 | -1.72 | -0.32 | 1.29 | 0.89 | 2.21 | 2.21 | 2.11 | 0.13 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹1,002Cr, up 39.2% YoY. OPM at 11%.
Debt Position
Borrowings at ₹306Cr. Debt-to-equity ratio: 1.09x. High leverage — monitor closely.
Capex Cycle
CWIP at ₹3Cr (3% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 0% (+0.00pp change). FIIs: 0.34% (+0.34pp change). Promoters hold 72.65%.
Margin & Efficiency
ROCE improving from 8% (Mar 2015) to 18% (Mar 2026). Working capital days: 60.
Valuation
PE 7.75x with 18.4% ROCE. Price is 83% above book value of ₹30. Dividend yield: 0%.
Recent Announcements
- Board Meeting Outcome for Outcome Of The Meeting Of The Board Held On Thursday, May 14Th, 2026. 14 May - Board approved borrowing limit up to Rs 800 crore, with charge creation and AOA alteration.
- Compliances-Reg.24(A)-Annual Secretarial Compliance 6 May - Annual secretarial compliance report filed; Rs. 35,400 each penalty paid for temporary board composition shortfall.
- Board Meeting Intimation for Agenda Items As Stated In Notice Of Board Meeting. 6 May - Board meets May 14, 2026 to consider borrowing limit hike to 800 crore and AGM matters.
- Announcement under Regulation 30 (LODR)-Credit Rating 24 Apr - Ind-Ra downgrades KCFL bank facilities to IND BBB- and places them on rating watch.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 24 Apr - Newspaper cutting of Published Audited Financial Results for the quarter and year ended March 31, 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse