Chambal Fertilizers & Chemicals Limited (CHAMBLFERT)
🎯 Key Takeaways
- Chambal Fertilizers is in a strategic transition phase, balancing near-term operational pressures with long-term growth ambitions anchored in infrastructure expansion and product diversification. Management is navigating subsidy volatility and monsoon-related demand fluctuations while advancing a major urea plant under NIP-2012 policy and expanding into biologicals.
- Revenue grew 13.2% QoQ to ₹4,918 in Q3FY25.
- ⚠️ Delayed government urea subsidies could continue to pressure revenue and cash flows in the near term.
📖 The Story
Chambal Fertilizers is in a strategic transition phase, balancing near-term operational pressures with long-term growth ambitions anchored in infrastructure expansion and product diversification. Management is navigating subsidy volatility and monsoon-related demand fluctuations while advancing a major urea plant under NIP-2012 policy and expanding into biologicals. The company maintains a dominant urea market position but faces margin compression from input cost pressures and policy uncertainty.
📰 What's Happening
In Q1 FY27, revenue declined 12% YoY to ₹5,000 crores due to delayed Kharif subsidies and monsoon impacts, though EBITDA rose 12% YoY to ₹851 crores, reflecting operational resilience. The company confirmed progress on its 12,000-ton urea plant under NIP-2012 policy with commissioning expected by 2030. Management also highlighted expansion into biologicals with five new products planned for FY28-FY31 and strong farmer demand supporting Q2 outlook. A conference call on July 31, 2026, will discuss these results, featuring MD Abhay Baijal and CFO Anuj Jain. The Board approved unaudited standalone and consolidated Q1 FY27 results showing consolidated revenue of ₹5,053.96 crores and profit of ₹523.60 crores, with auditors confirming no material misstatements.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,599 | 5,589 | 5,386 | 4,349 | 2,643 | 4,933 | 4,346 | 4,918 |
| Operating Profit | 153 | 642 | 697 | 724 | 229 | 803 | 834 | 843 |
| OPM % | 3.1% | 11.3% | 11.4% | 14.4% | 6.3% | 15.2% | 18.2% | 15.8% |
| Net Profit | 94 | 339 | 381 | 459 | 97 | 448 | 536 | 534 |
| EPS | ₹2.26 | ₹8.14 | ₹9.15 | ₹11.04 | ₹2.51 | ₹11.19 | ₹13.39 | ₹13.34 |
The company has shown fluctuating revenue trends over the past eight quarters, with Q1 FY27 marking a 12% YoY decline to ₹5,000 crores, though this follows a strong Q4 FY24 low of ₹2,643 crores. Operating margins have remained relatively stable, ranging between 6.3% and 18.2%, with Q1 FY27 achieving 16.93% despite revenue pressure. Net profit and EPS have shown resilience, particularly in standalone figures, indicating effective cost management. The recent quarter’s performance reflects a pattern of revenue volatility tied to external factors like subsidy delays and weather, but margin expansion suggests improving operational efficiency.
🔮 Management Outlook & What's Next
Management expects near-term revenue pressure due to subsidy delays and monsoon variability but remains confident in long-term growth driven by the new urea plant under NIP-2012 policy, with commissioning targeted for 2030. Management explicitly stated that gas price constraints at USD 17.25/NCV cap potential ROE at 12-16% if prices fall below USD 14, indicating sensitivity to input cost dynamics. Expansion into biologicals with five new products planned for FY28-FY31 signals a strategic shift toward higher-margin, sustainable agriculture solutions. The upcoming investor call on July 31, 2026, will provide further clarity on execution timelines and capital allocation priorities.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — Fertilizers & Agrochemicals
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Fertilizers and Chemicals Travancore Limited | 57,117 | -630.5 | — | — | — |
| Coromandel International Limited | 55,044 | 33.3 | — | — | — |
| UPL Limited | 53,373 | -157.3 | — | — | — |
| PI Industries Limited | 47,259 | 27.8 | — | — | — |
| Sumitomo Chemical India Limited | 22,898 | 44.4 | — | — | — |
| Bayer Cropscience Limited | 21,796 | — | — | — | — |
| Chambal Fertilizers & Chemicals Limited | 18,025 | 11.1 | — | — | — |
| Paradeep Phosphates Limited | 12,506 | 30.3 | — | — | — |
| Sharda Cropchem Limited | 8,742 | 35.8 | — | — | — |
| Rashtriya Chemicals and Fertilizers Limited | 6,876 | 25.9 | — | — | — |
🔗 Peer Stock Analyses
⚠️ Risk Factors
1. Delayed government urea subsidies could continue to pressure revenue and cash flows in the near term. 2. Monsoon variability and El Niño conditions pose recurring risks to agricultural demand and sales volumes. 3. Gas price volatility directly impacts input costs and ROE potential, with management noting a floor at USD 14/NCV for sustainable margins. 4. Execution risk around the 2030 commissioning of the new urea plant remains, as delays or cost overruns could impact long-term growth trajectory.
📋 Recent Filings
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Announcement 10 August 2026Chambal Fertilizers announced its participation in the Emkay Confluence 2026 investor conference on August 13, 2026, in Mumbai, where it will present ...
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🔴 Financial Results 6 August 2026Chambal Fertilizers reported Q1 FY27 revenue of **₹5,000 crores**, down **12% YoY**, with net profit at **₹703 crores** and EBITDA at **₹851 crores**,...
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🔴 Financial Results 31 July 2026Chambal Fertilizers announced that the audio recording of its analysts and investor conference call held on July 31, 2026, discussing the quarter ende...
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Announcement 31 July 2026Chambal Fertilizers announced that production of Technical Ammonium Nitrate at its Gadepan plant began on July 31, 2026, with prilled HDAN production ...
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🟡 Board Meeting 30 July 2026The Board approved unaudited standalone and consolidated financial results for Q1 FY2027 ending June 30, 2026, showing revenue of **₹2,813.63 crores**...
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🔴 Financial Results 30 July 2026Chambal Fertilizers reported Q1 FY27 standalone net profit of INR 7,035 Mn, up sharply from INR 5,236 Mn in consolidated terms, driven by 16.93% opera...
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🟡 Board Meeting 30 July 2026Chambal Fertilizers & Chemicals Limited informed NSE that its Board reviewed a fine notice for a one-day delay in submitting the March 2026 quarter sh...
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🔴 Financial Results 23 July 2026Chambal Fertilizers announced its Q1-FY27 earnings conference call scheduled for July 31, 2026 at 11 AM IST, inviting analysts and investors to discus...
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🔴 Corporate Action 21 July 2026Chambal Fertilizers announced August 11, 2026 as the record date for final dividend eligibility, with a proposed Rs. 6.00 per share dividend payable a...
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Announcement 14 July 2026Chambal Fertilizers disclosed penalties of Rs. 58.28 lakhs and Rs. 1.35 crores upheld by the Income Tax Appellate Authority for disallowing education ...
🧠 Analyst's Read
Chambal Fertilizers is navigating a transitional phase marked by subsidy and weather-related headwinds, but operational efficiency and strategic investments in urea capacity and biologicals offer a credible long-term growth path. Investors should monitor subsidy timelines, gas price trends, and progress on the new plant’s execution, with the next key update expected during the July 31, 2026 investor call.
Based on filing content and financial data. Not a recommendation.
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-08-13.
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This analysis was programmatically compiled using StockFin AI utilizing official regulatory disclosures from the BSE and NSE. Content is automatically synthesized and audited against public financial filings. StockFin.ai is an educational research platform and is NOT a SEBI-registered investment advisor or research analyst.
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