Rashtriya Chemicals And Fertilizers Limited (RCF)

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Rashtriya Chemicals And Fertilizers Limited (RCF) · mywealthgrid

About

RCF manufactures fertilizers and agrochemicals in India's Materials sector. Market cap ₹6,843.84 Cr with recent quarterly revenue ranging ₹3,370–₹5,580 Cr. Promoter holds 75%.

Founded: 1956
Face value: ₹10

Market cap

₹5,892 Cr

P/E

13.2×

P/B

1.2×

Dividend yield

3.4%

ROE

8.7%

ROCE

12.5%

Debt / equity

0.8

OPM

5.1%

EPS (TTM)

₹8.1

Book value

₹92.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Margins thin at 5.09% average (4.05–5.81% range); input cost inflation could compress profits further
Revenue volatile across quarters (₹3,370–₹5,580 Cr); verify whether commodity pricing or demand cycles drive swings
ROE 8.66% weak; confirm whether capex, M&A, or operational changes planned to improve capital returns
Stock down 14.39% over 1 year, trading near 52w low (₹124 vs ₹106–₹161 range); establish whether decline reflects valuation repricing or operational deterioration

Generated analysis · source review pending

Growth drivers

Mar 2026 quarter peaked at revenue ₹5,580 Cr, net profit ₹189 Cr, EPS ₹3.42; sustaining this run-rate would represent accretive growth
Operating margin expanded to 5.81% in Mar 2026 from 4.05% in Sep 2025; identify whether input cost stabilization or operational efficiency gain, verify if structural
EPS jumped from ₹0.99 (Jun 2025) to ₹3.42 (Mar 2026); determine drivers—volume growth, pricing improvement, or one-time items
Regular dividends through 2022–2026 reflect cash generation; verify whether capital allocation will shift toward reinvestment or maintain distributions

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹106.8-1.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 17.4% over the last 5 years
+Dividend yield of 3.4%
+Dividend payout of 45.2% of profit
+High promoter holding of 75% with no pledge

Cons

−Low return on equity of 6.2% (3-yr avg)
−Thin operating margin of 5.1%

Research score

Structured signal from quality, growth, valuation and momentum.

48/100

Business quality: 23
Growth: 34
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	9,698	8,281	12,812	21,452	16,981	16,934	18,480
COGS	4,674	3,741	6,385	12,140	10,133	10,283	11,450
Gross profit	5,024	4,540	6,427	9,312	6,848	6,650	7,030
	4,442	3,805	5,470	7,839	6,336	5,975	6,092
	582	735	956	1,472	512	676	938
OPM %	6%	8.9%	7.5%	6.9%	3%	4%	5.1%
Depreciation	171	175	183	212	233	263	292
Interest	238	180	125	224	184	254	293
	28	137	264	237	206	169	256
Profit before tax	202	518	913	1,273	301	328	609
Tax	-5	143	232	307	76	86	182
Tax %	-2.6%	27.6%	25.4%	24.1%	25.2%	26.2%	29.9%
	207	375	681	966	225	242	427
PAT margin %	2.1%	4.5%	5.3%	4.5%	1.3%	1.4%	2.3%
EPS (₹)	3.8	6.8	12.3	17.5	4.1	4.4	7.8
EPS adjusted (₹)	3.8	6.8	12.3	17.5	4.1	4.4	7.8
	75.7%	43.8%	31.2%	30.3%	30.4%	30.1%	30.2%
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	552	552	552	552	552	552	552	552	552	552	552
Reserves	2,212	2,373	2,378	2,477	2,627	2,782	3,330	4,038	4,054	4,194	4,570
	1,884	1,659	1,255	3,311	4,669	1,863	2,968	1,863	3,283	2,752	4,113
	1,578	1,951	2,139	2,575	2,437	2,425	3,681	3,252	3,567	3,769	7,466
Total equity & liabilities	6,226	6,536	6,324	8,914	10,284	7,621	10,531	9,705	11,456	11,267	16,701
	1,510	1,542	1,905	1,944	2,124	2,162	2,117	2,538	2,553	2,901	3,289
CWIP	61	107	152	276	433	393	513	211	431	579	810
Investments	45	0	5	80	256	645	935	999	997	1,099	1,385
	4,610	4,887	4,261	6,615	7,471	4,422	6,967	5,956	7,475	6,687	11,216
Total assets	6,226	6,536	6,324	8,914	10,284	7,621	10,531	9,705	11,456	11,267	16,701

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Fertilizers	10,912.08	308.19	8,488.62	2,279.96	6,208.66	4.96
Trading	5,925.7	239.52

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.8%	54.8%	50.2%	43.4%	40.3%	39.3%	38%
EBITDA margin %	6%	8.9%	7.5%	6.9%	3%	4%	5.1%
EBIT margin %	4.3%	6.7%	6.1%	5.9%	1.7%	2.4%	3.5%
PAT margin %	2.1%	4.5%	5.3%	4.5%	1.3%	1.4%	2.3%
Working capital
Receivable days	171	64	86	44	76	67	93
Inventory days	74	77	133	78	93	56	51
Payable days	—	—	—	60	70	79	50
NWC days	—	—	—	62	100	44	94
Leverage
Current ratio	1.24	1.65	1.34	1.58	1.33	1.25	1.17
Debt to EBITDA	8	2.54	3.1	1.26	6.38	4.08	4.37
Debt to equity	1.47	0.56	0.76	0.41	0.71	0.58	0.8
Interest coverage	2.3	3.8	7.3	6.3	2.4	2.3	2.9
Asset turnover	0.94	1.09	1.22	2.21	1.48	1.5	1.11
Return ratios
Return on assets %	2%	4.9%	6.5%	10%	2%	2.2%	2.6%
Return on capital employed %	12.1%	14.5%	17.3%	24.2%	7.3%	9.3%	12.5%
Return on equity %	6.5%	11.3%	17.5%	21.1%	4.9%	5.1%	8.3%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%	75%
	2.55%	2.92%	2.58%	2.4%	2.32%	2.26%	2.46%	2.28%	2.31%	2.5%	2.6%	2.43%
	0.34%	0.35%	0.35%	0.35%	0.29%	0.29%	0.3%	0.31%	0.33%	0.41%	0.39%	0.31%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	22.11%	21.73%	22.07%	22.25%	22.39%	22.45%	22.24%	22.41%	22.36%	22.09%	22.01%	22.26%
No. of shareholders	—	—	—	—	—	—	—	—	3,53,478	3,43,881	3,39,059	3,34,914

Promoter holding up 0 percentage points since Sep 2023.

64 deals · 24 Sept 2021 – 10 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
10 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Buy	34,96,526	₹124.73	₹43.61 Cr
10 Mar 2026	NK SECURITIES RESEARCH PRIVATE LIMITED	Bulk	NSE	Sell	34,96,526	₹124.78	₹43.63 Cr
23 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	35,05,773	₹229.55	₹80.48 Cr
23 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	32,56,806	₹228.12	₹74.29 Cr
22 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	43,53,315	₹234.46	₹102.07 Cr
22 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	43,53,315	₹234.61	₹102.13 Cr
22 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Buy	38,34,436	₹234.02	₹89.73 Cr
22 Jul 2024	HRTI PRIVATE LIMITED	Bulk	NSE	Sell	28,52,187	₹233.47	₹66.59 Cr
12 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	30,75,821	₹235.82	₹72.53 Cr
12 Jul 2024	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	30,75,821	₹235.98	₹72.58 Cr

1–10 of 64

1 / 7

Mr. Shivakumar SubramaniamExecutive Director-Chairperson-CEO-MD
Ms. Nazhat J. ShaikhExecutive Director
Ms. Ritu GoswamiExecutive Director
Mr. Niranjan S. SonakExecutive Director
Ms. Aparna S SharmaNon-Executive - Nominee Director
Mr. Krishna Kant PathakNon-Executive - Nominee Director
Ms. Sipra BajpaiNon-Executive - Independent Director
Jai Bhagwan SharmaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 4 fund houses

Held by these funds

0.07%

of the company's equity

All mutual funds

0.07%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

5 schemes · 4 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.59 L	4.08	0.16%	0.065%	-7,863
Portfolio of Kotak BSE PSU Index Fund	Kotak Mahindra Mutual Fund	5,170	0.06	0.07%	0.001%	-106
BSE 500 ETF	ICICI Prudential Mutual Fund	2,557	0.03	0.01%	0%	+23
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,458	0.03	0.01%	0%	+11
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	409	0	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

23

Final dividend18 Sept 2026 · ex-date₹1.34
Interim dividend20 Feb 2026 · ex-date₹1
Final dividend10 Oct 2025 · ex-date₹1.32
Final dividend23 Sept 2024 · ex-date₹1.24
Final dividend13 Dec 2023 · ex-date₹3.7
Interim dividend15 Dec 2022 · ex-date₹1.6
Final dividend15 Dec 2022 · ex-date₹2.5
Interim dividend24 Nov 2021 · ex-date₹1.35
Final dividend20 Oct 2021 · ex-date₹1.78
Interim dividend17 Feb 2021 · ex-date₹1.2
Final dividend22 Dec 2020 · ex-date₹2.84
Final dividend16 Sept 2019 · ex-date₹0.77
Final dividend18 Sept 2018 · ex-date₹0.6
Final dividend13 Sept 2017 · ex-date₹1.1
Final dividend15 Sept 2016 · ex-date₹1.1
Final dividend19 Aug 2015 · ex-date₹1.8
Final dividend11 Sept 2014 · ex-date₹1.5
Final dividend19 Aug 2013 · ex-date₹1.5
Final dividend17 Aug 2012 · ex-date₹1.4
Final dividend13 Sept 2011 · ex-date₹1.1
Dividend dividend14 Jun 2010 · ex-date₹1.1
Dividend dividend11 Sept 2009 · ex-date₹1.2
Dividend dividend9 Sept 2008 · ex-date₹1

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

21 announcementsExport CSV

28 Sept 2026, 12:12 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

12 Sept 2026, 5:49 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

4 Sept 2026, 12:26 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

3 Sept 2026, 5:18 pmCorp. Action

The Register Of Members And Share Transfer Books Of The Company Will Remain Closed From Saturday, September 19, 2026, To Friday, September 25, 2026 For Taking Record Of The Members Of The Company For The Purpose Of AGM.

Book Closure PDF

3 Sept 2026, 3:44 pmCompany Update

E-Mail Communication To Members Of Rashtriya Chemicals And Fertilizers Limited

General PDF

3 Sept 2026, 2:22 pmOthers

Business Responsibility and Sustainability Reporting (BRSR)

Business Responsibility and Sustainability Reporting (BRSR) PDF

3 Sept 2026, 2:16 pmCompany Update

Rashtriya Chemicals and Fertilizers Ltd - 524230 - The Forty-Eight Annual General Meeting (AGM) Of The Company Is Scheduled To Be Held Through Video Conferencing ('VC') / Other Audio-Visual Means ('OAVM') On Friday, September 25, 2026 At 3.00 P.M

General PDF

3 Sept 2026, 2:12 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

Date	Category	Subject	Filing
28 Sept 2026, 12:12 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
12 Sept 2026, 5:49 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	51.8%	54.8%	50.2%	43.4%	40.3%	39.3%	38%
EBITDA margin %	6%	8.9%	7.5%	6.9%	3%	4%	5.1%
EBIT margin %	4.3%	6.7%	6.1%	5.9%	1.7%	2.4%	3.5%
PAT margin %	2.1%	4.5%	5.3%	4.5%	1.3%	1.4%	2.3%
Working capital
Receivable days	171	64	86	44	76	67	93
Inventory days	74	77	133	78	93	56	51
Payable days	—	—	—	60	70	79	50
NWC days	—	—	—	62	100	44	94
Leverage
Current ratio	1.24	1.65	1.34	1.58	1.33	1.25	1.17
Debt to EBITDA	8	2.54	3.1	1.26	6.38	4.08	4.37
Debt to equity	1.47	0.56	0.76	0.41	0.71	0.58	0.8
Interest coverage	2.3	3.8	7.3	6.3	2.4	2.3	2.9
Asset turnover	0.94	1.09	1.22	2.21	1.48	1.5	1.11
Return ratios
Return on assets %	2%	4.9%	6.5%	10%	2%	2.2%	2.6%
Return on capital employed %	12.1%	14.5%	17.3%	24.2%	7.3%	9.3%	12.5%
Return on equity %	6.5%	11.3%	17.5%	21.1%	4.9%	5.1%	8.3%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Coromandel International LimitedCOROMANDELCOROMANDEL	₹52,026 Cr	₹52,893 Cr	₹32,602 Cr	₹3,190 Cr	10.2%	₹1,778 Cr	6%	23.3%	16.5%	76
Fertilizers And Chemicals Travancore LimitedFACTFACT	₹47,559 Cr	₹49,329 Cr	₹5,293 Cr	₹105 Cr	2.3%	₹28 Cr	1%	17.5%	3%	86
Chambal Fertilizers & Chemicals LimitedCHAMBLFERTCHAMBLFERT	₹16,000 Cr	₹17,054 Cr	₹20,123 Cr	₹2,768 Cr	12.9%	₹1,928 Cr	9.4%	22.3%	20.4%	73
Paradeep Phosphates LimitedPARADEEPPARADEEP	₹15,700 Cr	₹22,606 Cr	₹23,447 Cr	₹2,292 Cr	9.9%	₹1,072 Cr	4.6%	29.3%	18.3%	115
Rashtriya Chemicals And Fertilizers LimitedRCFRCF	₹5,892 Cr	₹10,006 Cr	₹18,695 Cr	₹1,003 Cr	5.1%	₹447 Cr	2.3%	12.5%	8.7%	94
Gujarat State Fertilizers & Chemicals LimitedGSFCGSFC	₹5,854 Cr	₹5,879 Cr	₹12,344 Cr	₹830 Cr	7.2%	₹693 Cr	6.2%	6.6%	5.5%	129
National Fertilizers LimitedNFLNFL	₹3,132 Cr	₹7,092 Cr	₹22,480 Cr	₹1,012 Cr	3.9%	₹364 Cr	1%	11%	7.6%	81
Southern Petrochemicals Industries Corporation LimitedSPICSPIC	₹1,267 Cr	₹1,965 Cr	₹3,024 Cr	₹265 Cr	10.1%	₹205 Cr	7.2%	21.3%	16.5%	-26
Madras Fertilizers LimitedMADRASFERTMADRASFERT	₹926 Cr	₹1,560 Cr	₹2,442 Cr	₹98 Cr	4.8%	₹71 Cr	3.5%	101.8%	87.4%	33
Zuari Agro Chemicals LimitedZUARIZUARI	₹896 Cr	₹1,538 Cr	₹2,569 Cr	₹228 Cr	9.7%	₹939 Cr	30.7%	8.5%	46.6%	16
Aries Agro LimitedARIESARIES	₹621 Cr	₹671 Cr	₹766 Cr	₹81 Cr	10.3%	₹48 Cr	5.7%	21.1%	13.7%	115
Khaitan Chemicals & Fertilizers LimitedKHAICHEMKHAICHEM	₹477 Cr	₹755 Cr	₹988 Cr	₹105 Cr	11.3%	₹54 Cr	6.5%	36.1%	25.2%	119

₹ Cr	Mar 2016	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-638	1,078	-1,636	-522	5,219	-590	787	-422	2,364	-471
	-259	-496	-310	-531	-618	-382	-316	-464	-681	-1,299
	815	-588	1,945	1,052	-3,131	600	-1,560	1,032	-853	908
Net cash flow	—	—	—	—	1,470	-372	-1,088	145	831	-863
Free cash flow	—	—	—	—	4,987	-727	402	-905	1,536	-1,547
CFO / Operating profit %	—	—	—	-89.6%	712%	-61.5%	53.4%	-82.1%	350.3%	-50.1%

Rashtriya Chemicals And Fertilizers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

23

1

Announcements

23

1

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Fertilizers · revenue

Rashtriya Chemicals And Fertilizers Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends23

Board meetings1

Announcements

Dividends23

Board meetings1

Ratio timeline

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Fertilizers · revenue

23

1

23

1