RCF

Rashtriya Chemicals and Fertilizers Limited

Fertiliser and industrial chemicals PSU with urea manufacturing and trading arms

Commodities›Chemicals›Fertilizers & Agrochemicals›Fertilizers

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Key metrics

Price as of 2026-10-16

Stock price
₹104.78
Market cap
5,793 Cr
Stock P/E
13.0
P/B
1.13
Dividend yield
2.2%
ROE (FY26)
8.3%
ROCE (FY26)
9.8%
Operating margin (FY26)
3.5%
Debt / equity (FY26)
0.80
OCF / EBITDA (FY26)
-50.1%
OCF / EBITDA (3Y)
69.0%

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

RCF (Rashtriya Chemicals and Fertilizers) makes fertilisers, including urea, along with industrial chemicals, and also runs a trading business.

Company snapshot

8thBy market cap

Ranked among 19 companies in Fertilizers.

Segment mix

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

Largest segment: 61.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Fertilizers
61.0%
2,758 Cr78 Cr6,770 Cr
Industrial Chemicals
9.0%
408 Cr78 Cr554 Cr
Trading
29.9%
1,350 Cr-11 Cr1,251 Cr
Unallocated
0.1%
3 Cr0 Cr0 Cr

What we see

Concerns
  • ✗Net margin is very thin at 2.3% — little room for error if costs rise.

Statement tables · Consolidated

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

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
Sales4,155 Cr4,904 Cr3,880 Cr4,396 Cr4,290 Cr4,518 Cr3,730 Cr3,371 Cr5,293 Cr4,236 Cr5,581 Cr3,586 Cr
Operating expenses (approx.)4,049 Cr4,819 Cr3,684 Cr4,280 Cr4,088 Cr4,339 Cr3,551 Cr3,213 Cr5,078 Cr3,992 Cr5,256 Cr3,366 Cr
EBITDA106 Cr84 Cr195 Cr116 Cr202 Cr179 Cr178 Cr158 Cr214 Cr245 Cr324 Cr220 Cr
OPM %2.5%1.7%5.0%2.6%4.7%4.0%4.8%4.7%4.0%5.8%5.8%6.1%
Other income67 Cr37 Cr28 Cr30 Cr43 Cr42 Cr50 Cr39 Cr51 Cr52 Cr68 Cr35 Cr
Interest44 Cr48 Cr52 Cr70 Cr76 Cr53 Cr54 Cr56 Cr55 Cr103 Cr79 Cr71 Cr
Depreciation56 Cr56 Cr64 Cr60 Cr62 Cr63 Cr78 Cr66 Cr70 Cr75 Cr80 Cr83 Cr
Profit before tax72 Cr17 Cr120 Cr16 Cr106 Cr105 Cr100 Cr75 Cr141 Cr118 Cr276 Cr101 Cr
Tax %29.3%35.0%20.7%33.9%25.8%23.8%27.8%27.5%25.1%31.3%32.3%27.5%
Net profit51 Cr11 Cr95 Cr11 Cr79 Cr80 Cr72 Cr54 Cr105 Cr81 Cr187 Cr74 Cr
EPS (₹)₹0.92₹0.20₹1.73₹0.20₹1.43₹1.45₹1.32₹0.99₹1.91₹1.47₹3.38₹1.33

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales7,224 Cr7,319 Cr8,885 Cr9,698 Cr8,281 Cr12,812 Cr21,452 Cr16,981 Cr16,934 Cr18,480 CrSign in free for the trailing twelve months
Operating expenses (approx.)6,807 Cr7,052 Cr8,442 Cr9,115 Cr7,548 Cr11,854 Cr19,978 Cr16,467 Cr16,259 Cr17,539 CrSign in free for the trailing twelve months
EBITDA417 Cr267 Cr444 Cr583 Cr733 Cr959 Cr1,473 Cr515 Cr675 Cr941 CrSign in free for the trailing twelve months
OPM %5.8%3.6%5.0%6.0%8.9%7.5%6.9%3.0%4.0%5.1%Sign in free for the trailing twelve months
Other income67 Cr61 Cr80 Cr129 Cr133 Cr136 Cr143 Cr165 Cr165 Cr211 CrSign in free for the trailing twelve months
Interest94 Cr63 Cr156 Cr238 Cr180 Cr125 Cr224 Cr184 Cr254 Cr293 CrSign in free for the trailing twelve months
Depreciation141 Cr137 Cr156 Cr171 Cr175 Cr183 Cr212 Cr233 Cr263 Cr292 CrSign in free for the trailing twelve months
Profit before tax249 Cr128 Cr230 Cr202 Cr518 Cr913 Cr1,273 Cr301 Cr328 Cr609 CrSign in free for the trailing twelve months
Tax %27.9%38.5%41.7%-2.6%27.6%25.4%24.1%25.2%26.2%29.9%Sign in free for the trailing twelve months
Net profit179 Cr79 Cr134 Cr207 Cr375 Cr681 Cr966 Cr225 Cr242 Cr427 CrSign in free for the trailing twelve months
EPS (₹)₹3.25₹1.43₹2.43₹3.75₹6.80₹12.34₹17.52₹4.08₹4.39₹7.75Sign in free for the trailing twelve months
Dividend payout %————59.3%25.3%23.4%90.5%28.2%30.0%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 capital552 Cr552 Cr552 Cr552 Cr552 Cr552 Cr552 Cr552 Cr552 Cr552 Cr
Reserves2,373 Cr2,378 Cr2,478 Cr2,627 Cr2,782 Cr3,330 Cr4,038 Cr4,054 Cr4,194 Cr4,570 Cr
Borrowings1,659 Cr1,255 Cr3,311 Cr4,678 Cr1,863 Cr2,968 Cr1,863 Cr3,283 Cr2,752 Cr4,113 Cr
Other liabilities1,951 Cr2,236 Cr2,575 Cr2,436 Cr2,425 Cr3,681 Cr3,252 Cr3,567 Cr3,769 Cr7,466 Cr
Total liabilities6,536 Cr6,421 Cr8,915 Cr10,293 Cr7,621 Cr10,531 Cr9,705 Cr11,456 Cr11,267 Cr16,701 Cr
Fixed assets (net)1,538 Cr1,903 Cr1,943 Cr2,121 Cr2,159 Cr2,127 Cr2,537 Cr2,553 Cr2,901 Cr3,285 Cr
CWIP107 Cr152 Cr276 Cr433 Cr393 Cr513 Cr211 Cr431 Cr579 Cr810 Cr
Investments45 Cr62 Cr88 Cr262 Cr651 Cr940 Cr999 Cr997 Cr1,099 Cr1,385 Cr
Loans & advances——26 Cr7 Cr6 Cr5 Cr5 Cr5 Cr0 Cr0 Cr
Inventories793 Cr742 Cr1,479 Cr950 Cr788 Cr2,328 Cr2,585 Cr2,582 Cr1,586 Cr1,597 Cr
Trade receivables3,642 Cr2,955 Cr4,550 Cr4,551 Cr1,450 Cr3,027 Cr2,609 Cr3,550 Cr3,101 Cr4,690 Cr
Cash & bank10 Cr5 Cr4 Cr2 Cr1,471 Cr1,100 Cr11 Cr156 Cr987 Cr124 Cr
Other assets400 Cr600 Cr551 Cr1,967 Cr704 Cr492 Cr746 Cr1,182 Cr1,014 Cr4,809 Cr
Total assets6,536 Cr6,421 Cr8,915 Cr10,293 Cr7,621 Cr10,531 Cr9,705 Cr11,456 Cr11,267 Cr16,701 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 activity1,595 Cr1,078 Cr-1,636 Cr-530 Cr5,219 Cr-590 Cr787 Cr-422 Cr2,364 Cr-471 Cr
Cash from investing-180 Cr-496 Cr-310 Cr-527 Cr-618 Cr-382 Cr-316 Cr-464 Cr-681 Cr-1,299 Cr
Cash from financing-1,406 Cr-588 Cr1,945 Cr1,055 Cr-3,131 Cr600 Cr-1,560 Cr1,032 Cr-853 Cr908 Cr
Net cash flow9 Cr-5 Cr-2 Cr-2 Cr1,470 Cr-371 Cr-1,088 Cr145 Cr831 Cr-863 Cr
Free cash flow (OCF − Capex)1,407 Cr577 Cr-1,939 Cr-955 Cr4,987 Cr-727 Cr402 Cr-905 Cr1,536 Cr-1,547 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.5%4.6%6.1%5.6%13.4%15.6%23.2%6.1%7.8%9.8%
ROE %6.1%2.7%4.4%6.5%11.3%18.1%21.1%4.9%5.1%8.3%
Debtor days183147186171648644766792
Inventory days1029013992951551061489998
Days payable8285108961091568311113995
Cash conversion cycle2041522171674985681132795
OCF / EBITDA %382.8%404.2%-368.8%-90.8%712.0%-61.5%53.4%-82.1%350.3%-50.1%
OCF / EBITDA % (3 years)——92.0%-84.1%173.5%180.2%171.1%-7.6%102.5%69.0%
Debt / equity0.570.431.091.470.560.760.410.710.580.80
Current ratio1.561.641.341.241.651.341.581.331.251.17
Net debt / EBITDA3.96—7.458.020.531.891.266.082.624.24