Login
Products
Login
Home
Alerts
Search
Watchlist
Products

Rashtriya Chemicals & Fertilizers Ltd

RCF
NSE
130.90
0.49%
Last Updated:
29 Apr '26, 4:00 PM
Company Overview
Alert
Watchlist
Note

Rashtriya Chemicals & Fertilizers Ltd

RCF
NSE
130.90
0.49%
29 Apr '26, 4:00 PM
Company Overview
Add Alert
Add to Watchlist
Edit Note
6M
Price
Charts
Documents

Quick Ratios

Edit Ratios
Mkt Cap
Market Capitalization
7,222Cr
Close
Close Price
130.90
Industry
Industry
Fertilisers
PE
Price To Earnings
23.05
PS
Price To Sales
0.43
Revenue
Revenue
16,629Cr
Rev Gr TTM
Revenue Growth TTM
-2.66%
PAT Gr TTM
PAT Growth TTM
18.08%
Peer Comparison
How does RCF stack up?
Compare up to 10 companies side by side across valuation, profitability, and growth.
RCF
VS

Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Revenue
RevenueCr
4,6844,0434,1554,9043,8804,3964,2904,5183,7303,3715,2934,236
Growth YoY
Revenue Growth YoY%
14.0-18.4-25.5-21.4-17.28.73.2-7.8-3.9-23.323.4-6.2
Expenses
ExpensesCr
4,4873,9144,0494,8193,6844,2804,0884,3393,5513,2135,0783,992
Operating Profit
Operating ProfitCr
19712910684195116202179178158214245
OPM
OPM%
4.23.22.51.75.02.64.74.04.84.74.05.8
Other Income
Other IncomeCr
1045866384130434354395152
Interest Expense
Interest ExpenseCr
4439444852707653545655103
Depreciation
DepreciationCr
595656566460626378667075
PBT
PBTCr
1979272171201610610510075141118
Tax
TaxCr
3724216256272528213537
PAT
PATCr
16068511195117980725410581
Growth YoY
PAT Growth YoY%
-31.8-77.4-80.5-95.4-40.3-84.154.7615.1-23.9404.033.40.9
NPM
NPM%
3.41.71.20.22.50.31.81.81.91.62.01.9
EPS
EPS
2.91.20.90.21.70.21.41.41.31.01.91.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Revenue
RevenueCr
7,7168,0997,0997,2558,8859,6988,28112,81221,45216,98116,93416,629
Growth
Revenue Growth%
17.15.0-12.32.222.59.1-14.654.767.4-20.8-0.3-1.8
Expenses
ExpensesCr
6,8727,6266,6826,9888,4449,1157,53011,82319,97816,46716,25915,834
Operating Profit
Operating ProfitCr
8444734172674415837519891,473515675795
OPM
OPM%
10.95.85.93.75.06.09.17.76.93.04.04.8
Other Income
Other IncomeCr
748167619928133262236203170196
Interest Expense
Interest ExpenseCr
1221459463156238180126224184254268
Depreciation
DepreciationCr
263148141137156171175184212233263290
PBT
PBTCr
5332622491282292025309421,273301328434
Tax
TaxCr
18893694996-51462403077686121
PAT
PATCr
34616917979133207384702966225242313
Growth
PAT Growth%
43.4-51.16.0-56.068.655.885.482.937.6-76.77.629.2
NPM
NPM%
4.52.12.51.11.52.14.65.54.51.31.41.9
EPS
EPS
6.33.13.31.42.43.87.012.717.54.14.45.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
Equity CapitalCr
552552552552552552552552552552552552
Reserves
ReservesCr
2,1652,2652,3732,3782,4772,6272,8003,3304,0384,0544,1944,370
Current Liabilities
Current LiabilitiesCr
2,7364,1092,8942,3274,7055,8242,5605,0523,5815,3205,0046,208
Non Current Liabilities
Non Current LiabilitiesCr
8177277171,0661,1811,2811,7301,5971,5341,5301,5172,172
Total Liabilities
Total LiabilitiesCr
6,2697,6536,5366,3248,91410,2847,64210,5319,70511,45611,26713,302
Current Assets
Current AssetsCr
4,4475,5894,5013,8696,3117,2404,2126,7605,6477,0576,2367,702
Non Current Assets
Non Current AssetsCr
1,8232,0632,0352,4542,6033,0443,4303,7714,0584,3995,0315,600
Total Assets
Total AssetsCr
6,2697,6536,5366,3248,91410,2847,64210,5319,70511,45611,26713,302

Cash Flow

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating Cash Flow
Operating Cash FlowCr
212-6331,5951,078-1,636-5225,211-592787-4222,364
Investing Cash Flow
Investing Cash FlowCr
-201-259-180-496-310-531-610-379-316-464-681
Financing Cash Flow
Financing Cash FlowCr
3811-1,406-5881,9451,052-3,131599-1,5601,032-853
Net Cash Flow
Net Cash FlowCr
14-829-5-2-11,470-372-1,088145831
Free Cash Flow
Free Cash FlowCr
5-9001,409584-1,934-9484,970-752402-9031,538
CFO To PAT
CFO To PAT%
61.2-374.7890.01,367.8-1,231.1-252.21,356.8-84.381.4-187.4975.0
CFO To EBITDA
CFO To EBITDA%
25.1-133.9382.8404.2-370.8-89.7693.4-59.953.4-82.0350.3

Ratios

Consolidated
Standalone
Financial YearMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
3,1062,1414,5104,0383,2271,5644,2764,9435,2617,0706,926
Price To Earnings
Price To Earnings
9.512.725.151.224.37.611.17.05.431.428.6
Price To Sales
Price To Sales
0.40.30.60.60.40.20.50.40.30.40.4
Price To Book
Price To Book
1.10.81.51.41.10.51.31.31.11.51.5
EV To EBITDA
EV To EBITDA
5.910.314.819.814.810.76.46.84.819.512.8
Profitability Ratios
Profitability Ratios
GPM
GPM%
52.955.155.055.654.251.855.050.443.440.339.3
OPM
OPM%
10.95.85.93.75.06.09.17.76.93.04.0
NPM
NPM%
4.52.12.51.11.52.14.65.54.51.31.4
ROCE
ROCE%
14.17.37.54.66.15.613.115.623.16.17.8
ROE
ROE%
12.76.06.12.74.46.511.518.121.14.95.1
ROA
ROA%
5.52.22.71.31.52.05.06.710.02.02.1
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Rashtriya Chemicals & Fertilizers Limited (RCF) is a government-owned 'Navratna' enterprise, with approximately **75% equity held by the Government of India**. Established as a key player in India’s fertilizer and chemical industry, RCF operates two major manufacturing units in **Trombay, Mumbai**, and **Thal, Raigad (Maharashtra)**, serving fertilizer demand across **24 Indian states**. The company is a critical component of India's agricultural ecosystem, contributing significantly to food security through its urea and complex fertilizer production. RCF is vertically integrated across **fertilizers and industrial chemicals**, allowing strategic flexibility in product mix to stabilize revenues amid market volatility. It maintains a vast **distribution network of over 3,500 to 5,800 dealer contact points**, ensuring country-wide reach, particularly in rural and remote areas. --- ### **Core Business Segments** 1. **Fertilizer Production & Marketing** - RCF is the **fourth-largest urea producer in India by capacity**, accounting for about **5% of national urea sales**. - Key branded products include: - **Ujjwala** (urea) - **Suphala** (complex fertilizers) - **Sujala** (100% water-soluble fertilizers) - **Microla** (micronutrients) - **Biolá** and **Geola** (biofertilizers) - **Vipula** (specialty nutrients) 2. **Industrial Chemicals Division** - Produces high-value chemical products used in pharmaceuticals, dyes, leather, agrochemicals, and mining. - Key products: Ammonium Nitrate (AN) Melt, Nitric Acid, Sulphuric Acid, Methylamines, Liquid CO₂, Refrigerant Ammonia, and Argon. --- ### **Key Strengths** #### **1. Brand Equity & Farmer Engagement** - Strong brand recognition and loyalty in rural India. - Digital outreach through **‘RCF Kisan Manch’** platform: mobile app, social media, and YouTube. - Farmer education via: - **Farmer Training Institutes (Thal & Nagpur)** - **‘Kisan Care’ toll-free helpline** - Field demonstrations, soil testing camps, and publications like *Sheti-patrika* #### **2. Diversified & Integrated Operations** - Vertically integrated production across fertilizers and industrial chemicals. - Product portfolio spans conventional, bio, micronutrient, and water-soluble fertilizers, enabling response to evolving agricultural needs. - Industrial chemicals support domestic sectors while offering export potential. #### **3. Innovation & R&D Leadership** - **Indigenous technology development** and adoption: - **Sulphur Coated Urea "Urea Gold"** (37% N + 17% S), produced to reduce import dependence. - **Nano Urea Plant** under construction at Trombay (75 kL/day), using IFFCO-licensed technology. - **Nano DAP development** – a liquid nano-fertilizer (3% N, 8% P) under testing; offers higher nutrient absorption and reduced fertilizer use. - **Geola** – India’s first **biofertilizer with NPK bacterial consortium**, fully biodegradable with 2-year shelf life. - **Agri-tech piloting**: - Nutrient Film Technique (NFT) polyhouse at Trombay (1 acre) for trialing **liquid and nano fertilizers** on exotic crops (lettuce, kale, basil, etc.). - R&D developing **100% water-soluble fertilizers** for horticulture (e.g., grapes), **crop-specific grades**, and **nano-micronutrient formulations**. --- ### **Strategic Growth Initiatives (Ongoing & Planned)** | **Project** | **Details** | **Status / Expected Completion** | |------------|-----------|-------------------------------| | **New NPK Plant (Thal)** | 1,200 MTPD (DAP equivalent), ₹~9,146 crore investment | Under construction; target completion **Jan 2027** | | **Nano Urea Plant (Trombay)** | 75 kL/day capacity, indigenous IFFCO tech | Commissioning in progress | | **AN Melt Plant (Trombay)** | 140,000 MT/year capacity to meet coal industry demand | Commissioned in FY25 | | **Liquid CO₂ Plant (Trombay)** | 100 MTPD capacity | Under development | | **Coal Gasification Project (Talcher JV)** | 2,200 MTPD ammonia + 3,850 MTPD urea via **Talcher Fertilizers Limited (TFL)** with CIL, GAIL, FCIL | Site under construction; delayed to **FY26 due to execution challenges** | | **Organic Fertilizer Plant (Trombay)** | 10,000 MT/year from sludge and gypsum | Project approved; awaiting MDA support | | **Energy Efficiency Projects** | Revamps at Ammonia/V and Urea plants, GTG-HRSG turbine (Trombay) | Ongoing; expected energy savings up to **0.40 Gcal/MT NH₃** | --- ### **Operational Advancements** - **Record Sales (Recent Years):** - Industrial Chemicals: ₹1,654.77 crore (FY25), with AN Melt sales at **211,781 MT** - **3,950 MT of PROM** (organic-nutrient alternative) sold - Record shipments of Suphala-15 (6.39 LMT), Microla (410 KL), and imported NPK - **Sulphur Coated Urea (Urea Gold)**: Production surged from **0.04 lakh MT to 0.26 lakh MT** in FY25. - **Suspension Fertilizer Pilot Plant**: Developing NPK 10:10:10, fortified calcium nitrate, etc. – higher nutrient density and improved handling. --- ### **Recent Milestones (September 2025 & Earlier)** - Commissioned **new AN Melt plant (140,000 MT/year)** to boost coal sector supply. - Increased **AN Melt capacity to 330,000 MT/year** across both sites. - **Launched commercial sales of Nano Urea** (500 ml bottles) via marketing partnerships. - Successfully tested **NFT hydroponics system** for high-value crops. - Ongoing **technology evaluation with Topsoe A/S** for energy savings in Thal ammonia unit.