Chambal Fertilisers and Chemicals (CHAMBLFERT) Investor presentation summary

Business highlights

• Over 40 years in the industry with 3.4 MMTPA urea capacity and ~10% market share, operating three plants at a single location and serving 14 states through 76,000+ retailers and 4,700+ dealers.

• Asset-light model for complex fertilisers, crop protection chemicals, and specialty nutrients, with a strong presence in non-subsidized segments under the "Uttam" brand.

• Diversification into industrial chemicals with a 2.4 lakh MTPA Technical Ammonium Nitrate (TAN) plant nearing completion.

• Strategic joint venture in Morocco (IMACID) for phosphoric acid, contributing stable earnings.

• Recognized for operational excellence, energy efficiency, and sustainability with multiple national awards.

Financial performance

• Operational income for FY25 was INR 166,462 Mn, with EBITDA of INR 24,842 Mn and PAT of INR 16,568 Mn; EBITDA margin improved to 14.92%.

• Net debt to equity is nil as of FY25, reflecting a strong balance sheet and disciplined capital allocation.

• ROE and ROCE for FY25 stood at 21% and 25% respectively, indicating robust returns.

• Completed a INR 700 crore share buyback, further strengthening capital structure.

• Working capital days reduced to 57 in FY25, with a significant drop in finance costs.

Segment overview

• Urea accounts for 56% of revenue, complex fertilisers 37%, and crop protection chemicals, specialty nutrients & seeds 7% for 9M-FY26.

• Urea production and sales volumes remained stable, with energy-efficient operations and government-backed cost-plus pricing.

• Complex fertilisers benefit from the Nutrient Based Subsidy scheme, with ~5-6% market share in DAP, NPK, and MOP.

• Crop protection and specialty nutrients segment has a 3% market share, growing at a 19% CAGR, and operates on a higher-margin, asset-light model.