Fertilizers and Chemicals Travancore Limited (FACT)
🎯 Key Takeaways
- FACT is navigating a structural transition in its fertilizer business amid volatile input costs and subdued demand, reflected in declining margins and erratic profitability. The company shows signs of stabilization after a period of losses, with recent quarters indicating margin recovery, though profitability remains sensitive to commodity cycles and regulatory dynamics.
- Revenue declined 34.5% QoQ to ₹949 in Q3FY25.
- ⚠️ Persistent volatility in fertilizer demand and pricing due to agricultural cycles and global commodity movements.
📖 The Story
FACT is navigating a structural transition in its fertilizer business amid volatile input costs and subdued demand, reflected in declining margins and erratic profitability. The company shows signs of stabilization after a period of losses, with recent quarters indicating margin recovery, though profitability remains sensitive to commodity cycles and regulatory dynamics.
📰 What's Happening
Recent board-level changes include the temporary appointment of Shri Niranjan Suryabhan Sonak as Additional Director (Marketing) effective July 6, 2026, pending ACC approval, and the assignment of Shri S. Sakthimani as Additional Charge Technical Director from June 17, 2026, both sourced from the Ministry of Chemicals and Fertilizers. These interim appointments suggest ongoing leadership adjustments but no major strategic shift. Additionally, designated insiders are under a trading window closure from July 1, 2026, ahead of Q1FY26 results, indicating upcoming financial disclosure.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,249 | 1,233 | 1,663 | 1,097 | 1,062 | 600 | 1,449 | 949 |
| Operating Profit | 236 | 140 | 172 | 97 | -92 | 3 | 83 | 89 |
| OPM % | 14.8% | 11.9% | 8.0% | 3.9% | 3.5% | -9.4% | 2.4% | 3.3% |
| Net Profit | 166 | 72 | 105 | 30 | -61 | -49 | 11 | 8 |
| EPS | ₹2.56 | ₹1.11 | ₹1.63 | ₹0.47 | ₹-0.95 | ₹0.75 | ₹0.17 | ₹0.12 |
The company has shown sequential improvement in revenue and operating performance, with Q3FY25 revenue at ₹949 crore and operating profit of ₹89 crore, reversing prior losses. However, YoY revenue declined from ₹1,449 crore in Q2FY25, reflecting softer demand or pricing pressure. Margins have stabilized after a low of -9.4% in Q1FY25, with OPM improving to 3.3% in Q3FY25, suggesting cost optimization or favorable input trends. Profitability remains volatile, with net profit of ₹8 crore in Q3FY25 versus a loss of ₹49 crore in the prior quarter.
🔮 Management Outlook & What's Next
Management has not provided explicit forward guidance in the reviewed filings. However, the appointments to marketing and technical leadership roles may support operational continuity, particularly in navigating regulatory and market dynamics in the agrochemical space. No official commentary on future performance was found in the disclosed content.
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. Persistent volatility in fertilizer demand and pricing due to agricultural cycles and global commodity movements. 2. Margin sensitivity to raw material costs and government subsidy policies, which remain unpredictable. 3. Leadership continuity risks due to temporary appointments at the technical and marketing levels, potentially affecting execution coherence.
📋 Recent Filings
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🟡 Board Meeting 6 July 2026FACT announced the appointment of Shri Niranjan Suryabhan Sonak as additional Director (Marketing) for up to three months pending ACC approval, effect...
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share transfer 2 July 2026FACT received a SEBI-mandated certificate confirming dematerialization of shares for the quarter ended June 30, 2026, via Purva Sharegistry as registr...
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Announcement 1 July 2026Fertilizers and Chemicals Travancore Limited announced the cessation of Shri Anupam Misra as Director (Marketing) effective 01.07.2026, following regu...
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Financial Results 25 June 2026FACT announced that its designated insiders must remain in a trading window closure from July 1, 2026, until 48 hours after the unaudited Q1 results a...
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Announcement 20 June 2026Fertilizers and Chemicals Travancore Limited announced the cessation of Shri M. Chandran as a Non-Official Independent Director effective June 20, 202...
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🟡 Board Meeting 18 June 2026FACT announced that the Ministry of Chemicals and Fertilizers assigned Shri S. Sakthimani additional charge as Technical Director effective 17 June 20...
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Announcement 11 June 2026Fertilizers and Chemicals Travancore Limited (FACT) informed the National Stock Exchange of a sudden spike in share trading volume on June 11, 2026, w...
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Announcement 10 June 2026No summary available
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Announcement 8 June 2026Fertilizers and Chemicals Travancore Limited announced that the Ministry of Mines appointed its Director (Marketing), Shri Anupam Misra, as Chairman a...
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Announcement 1 June 2026Fertilizers and Chemicals Travancore Limited announced the superannuation of Dr. K. Jayachandran, Director (Technical), effective May 31, 2026, follow...
🧠 Analyst's Read
FACT appears to be stabilizing after a period of losses, with recent operational improvements supporting a potential inflection point. Investors should monitor upcoming earnings for sustained margin trends and clarity on leadership impact, particularly as the company navigates a complex regulatory and commodity environment.
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 2026-07-15.
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