KHAICHEM

Khaitan Chemicals & Fertilizers Limited

Fertilizers and speciality chemicals including SSP and sulphuric acid

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

kcfl.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹48.48
Market cap
468 Cr
Stock P/E
8.7
P/B
1.62
Dividend yield
0.6%
ROE (FY26)
22.2%
ROCE (FY26)
17.7%
Operating margin (FY26)
10.3%
Debt / equity (FY26)
0.96
OCF / EBITDA (FY26)
39.2%
OCF / EBITDA (3Y)
31.2%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

KCFL (Khaitan Chemicals & Fertilizers) makes single super phosphate (SSP) fertilisers and sulphuric acid and related chemicals, selling through more than 3,000 dealers and 30,000 retailers across 19 states.

Company snapshot

14thBy market cap

Ranked among 19 companies in Fertilizers.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 88.3% of revenue

SegmentRevenue shareRevenuePBTAssets
Chemicals & Speciality Chemicals
24.6%
49 Cr14 Cr41 Cr
Fertilizers
88.3%
176 Cr-6 Cr573 Cr

Shares add up to 113% because segment revenues are before inter-segment eliminations.

What we see

Positives
  • ✓Return on equity of 22.2% — the company generates strong returns on shareholders' money.
Concerns
  • ✗Only 31% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales193 Cr127 Cr51 Cr130 Cr231 Cr199 Cr161 Cr234 Cr309 Cr266 Cr193 Cr221 Cr
Operating expenses (approx.)183 Cr142 Cr78 Cr137 Cr222 Cr188 Cr150 Cr203 Cr277 Cr233 Cr175 Cr197 Cr
EBITDA10 Cr-15 Cr-28 Cr-7 Cr9 Cr11 Cr11 Cr32 Cr31 Cr33 Cr18 Cr24 Cr
OPM %5.4%-11.5%-54.1%-5.3%3.7%5.4%6.6%13.5%10.1%12.2%9.1%10.7%
Other income0.67 Cr0.91 Cr-0.33 Cr0.07 Cr0.30 Cr0.21 Cr0.27 Cr0.18 Cr0.36 Cr0.40 Cr0.55 Cr0.68 Cr
Interest8 Cr9 Cr9 Cr7 Cr8 Cr7 Cr7 Cr8 Cr8 Cr9 Cr7 Cr8 Cr
Depreciation3 Cr3 Cr3 Cr3 Cr3 Cr3 Cr2 Cr2 Cr2 Cr3 Cr2 Cr3 Cr
Profit before tax0.59 Cr-25 Cr-39 Cr-17 Cr-2 Cr0.96 Cr1 Cr21 Cr22 Cr21 Cr4 Cr13 Cr
Tax %80.9%-6.9%5.0%-0.0%-71.6%-1205.6%-732.9%-0.5%0.2%0.7%69.6%17.3%
Net profit0.11 Cr-27 Cr-37 Cr-17 Cr-3 Cr13 Cr9 Cr21 Cr21 Cr20 Cr1 Cr11 Cr
EPS (₹)₹0.01₹-2.78₹-3.86₹-1.72₹-0.32₹1.29₹0.89₹2.21₹2.21₹2.11₹0.13₹1.13

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales364 Cr355 Cr373 Cr437 Cr487 Cr824 Cr888 Cr536 Cr720 Cr1,002 CrSign in free for the trailing twelve months
Operating expenses (approx.)326 Cr319 Cr330 Cr391 Cr427 Cr702 Cr810 Cr566 Cr697 Cr889 CrSign in free for the trailing twelve months
EBITDA38 Cr36 Cr43 Cr46 Cr60 Cr122 Cr78 Cr-30 Cr23 Cr113 CrSign in free for the trailing twelve months
OPM %10.5%10.1%11.5%10.5%12.3%14.8%8.8%-5.6%3.2%11.3%Sign in free for the trailing twelve months
Other income3 Cr1 Cr0.61 Cr2 Cr0.55 Cr1 Cr1 Cr2 Cr0.86 Cr2 CrSign in free for the trailing twelve months
Interest31 Cr26 Cr22 Cr18 Cr14 Cr13 Cr19 Cr32 Cr30 Cr33 CrSign in free for the trailing twelve months
Depreciation8 Cr9 Cr9 Cr9 Cr8 Cr7 Cr9 Cr12 Cr11 Cr10 CrSign in free for the trailing twelve months
Profit before tax2 Cr2 Cr12 Cr22 Cr39 Cr102 Cr57 Cr-72 Cr-16 Cr68 CrSign in free for the trailing twelve months
Tax %21.7%32.1%36.5%30.1%35.5%22.1%26.6%1.9%108.5%4.4%Sign in free for the trailing twelve months
Net profit2 Cr2 Cr8 Cr15 Cr25 Cr79 Cr42 Cr-70 Cr1 Cr65 CrSign in free for the trailing twelve months
EPS (₹)₹0.17₹0.17₹0.81₹1.55₹2.56₹8.20₹4.34₹-7.27₹0.14₹6.66Sign in free for the trailing twelve months
Dividend payout %————11.6%3.7%3.5%—0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr10 Cr
Reserves119 Cr121 Cr128 Cr143 Cr165 Cr243 Cr284 Cr211 Cr213 Cr281 Cr
Borrowings233 Cr192 Cr126 Cr125 Cr78 Cr136 Cr221 Cr309 Cr313 Cr278 Cr
Other liabilities76 Cr68 Cr88 Cr111 Cr102 Cr183 Cr192 Cr94 Cr84 Cr113 Cr
Total liabilities438 Cr391 Cr353 Cr389 Cr354 Cr571 Cr707 Cr623 Cr620 Cr682 Cr
Fixed assets (net)117 Cr114 Cr108 Cr102 Cr99 Cr95 Cr123 Cr127 Cr123 Cr115 Cr
CWIP2 Cr0.57 Cr0.06 Cr0.48 Cr0.43 Cr5 Cr3 Cr2 Cr0.94 Cr3 Cr
Investments1 Cr1 Cr2 Cr1 Cr2 Cr3 Cr3 Cr4 Cr5 Cr7 Cr
Loans & advances——0.39 Cr0.42 Cr0.08 Cr0.33 Cr0.09 Cr0.06 Cr0.04 Cr0.05 Cr
Inventories101 Cr75 Cr89 Cr113 Cr112 Cr209 Cr252 Cr283 Cr217 Cr223 Cr
Trade receivables92 Cr99 Cr124 Cr54 Cr44 Cr38 Cr65 Cr49 Cr72 Cr62 Cr
Cash & bank0.37 Cr0.30 Cr0.33 Cr0.37 Cr0.34 Cr47 Cr0.15 Cr0.05 Cr0.08 Cr0.06 Cr
Other assets124 Cr101 Cr30 Cr118 Cr97 Cr172 Cr260 Cr159 Cr202 Cr271 Cr
Total assets438 Cr391 Cr353 Cr389 Cr354 Cr571 Cr707 Cr623 Cr620 Cr682 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity32 Cr64 Cr92 Cr16 Cr84 Cr27 Cr-85 Cr-55 Cr44 Cr44 Cr
Cash from investing-9 Cr0.47 Cr-4 Cr1 Cr6 Cr-20 Cr22 Cr2 Cr-17 Cr-4 Cr
Cash from financing-23 Cr-65 Cr-88 Cr-17 Cr-79 Cr40 Cr63 Cr53 Cr-27 Cr-40 Cr
Net cash flow-0.32 Cr-0.07 Cr0.03 Cr0.04 Cr-0.34 Cr47 Cr0.15 Cr-0.20 Cr0.03 Cr-0.02 Cr
Free cash flow (OCF − Capex)21 Cr61 Cr89 Cr15 Cr84 Cr12 Cr-85 Cr-67 Cr39 Cr35 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %9.2%8.9%13.0%14.2%20.7%29.5%14.9%-7.6%2.5%17.7%
ROE %1.3%1.3%5.7%9.9%14.3%31.5%14.3%-32.0%0.6%22.2%
Debtor days9210112145331727333723
Inventory days175189145160159146148220184130
Days payable68988373686969413632
Cash conversion cycle19819218313212494105212185121
OCF / EBITDA %83.2%178.0%216.4%35.0%141.1%22.2%-109.5%—191.4%39.2%
OCF / EBITDA % (3 years)——161.1%138.5%130.0%56.1%10.0%-67.2%-136.4%31.2%
Debt / equity1.801.480.920.820.450.540.751.401.400.96
Current ratio1.231.271.361.371.731.501.511.301.321.48
Net debt / EBITDA6.105.332.952.721.300.732.84—13.562.46